NOT LISTED FOR SALE

2003 W Michigan St Indianapolis, IN 46222

Stringtown Neighborhood

Estimated Value: $146,000 - $169,000

2 Beds
-- Bath
1,362 Sq Ft
$116/Sq Ft Est. Value

Last Sold December 17, 2018

Last sale price $70,000 $51 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $1,173/month

116 Days on Market

About This Home

As of December 2018

Great opportunity for investor or owner. Live on one side and rent out the other side. This duplex offers on each side 3 bedrooms, 1 bath, living room, family room, formal dining room, basement for storage, covered porch, kitchen and parking in the rear. This property is close to downtown and IUPUI campus. Unit 2001 has 1 1/2 bath

Last Agent to Sell the Property

Janese Bingham

Carpenter, REALTORS® License #RB14050491 Listed on: 06/28/2018

Last Buyer's Agent

Mark Coffey Jr.

Keller Williams Indy Metro S

Keller Williams Indy Metro S

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $720

Year Built

  • Built in 1910

Lot Details

  • 5,118

Parking

  • Gravel Driveway

Home Design

  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 5,118 Sq Ft Lot
  • Basement

Community Details

  • M Wilcox 1St Sub Fatouts Add Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 491103124021000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$720

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Two Story
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1910
  • Lot Size Acres: 0.1175
  • Subdivision Name: M WILCOX 1ST SUB FATOUTS ADD
  • Inspection Warranties: Not Applicable
  • Property Description: Great opportunity for investor or owner. Live on one side and rent out the other side. This duplex offers on each side 3 bedrooms, 1 bath, living room, family room, formal dining room, basement for storage, covered porch, kitchen and parking in the rear. This property is close to downtown and IUPUI campus. Unit 2001 has 1 1/2 bath
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two, Basement
  • Owner Pays: Insurance, Taxes
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Common

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Gravel
  • List Price: 105000

Garage/Parking

  • Unit Parking: Covered,On Street

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 1200

Lot Info

  • Parcel Number: 491103124021000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Sidewalks,Street Lights
  • Lot Number: 60
  • Lot Size: 5120

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 720
  • Semi Annual Property Tax Amt: 360
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2018
Closed on
Dec 17, 2018
Sold by
Bingham Eugene
Bought by
Lona Douglas Marlon and Lona Douglas
Seller's Agent
Janese Bingham
Carpenter, REALTORS®
Buyer's Agent
Mark Coffey Jr.
Keller Williams Indy Metro S
List Price
$125,000
Sold Price
$70,000
Premium/Discount to List
-$55,000
-44%
Current Estimated Value
$157,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,500
Avg. Annual Appreciation
15.01%
Original Mortgage
$45,000
Outstanding Balance
$40,178
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$138,019
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lona Douglas Marlon -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lona Douglas Marlon $45,000
Previous Owner Bingham Eugene E $65,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2018 12/17/18 Sold $70,000 -33.3% $51 / Sq Ft
10/23/2018 10/23/18 Pending -- -- --
09/11/2018 09/11/18 Price Changed $105,000 -16.0% $77 / Sq Ft
06/28/2018 06/28/18 For Sale $125,000 -- $92 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,779 $178,100 $3,500 $174,600
2023 $3,779 $153,500 $3,500 $150,000
2022 $3,760 $153,500 $3,500 $150,000
2021 $2,406 $98,500 $3,500 $95,000
2020 $2,329 $94,900 $3,500 $91,400
2019 $1,718 $67,300 $3,500 $63,800
2018 $1,344 $51,100 $3,500 $47,600
2017 $1,052 $43,700 $3,500 $40,200
2016 $1,030 $43,700 $3,500 $40,200
2014 $867 $40,100 $3,500 $36,600
2013 $900 $40,100 $3,500 $36,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Janese Bingham

    Carpenter, REALTORS®

    (317) 374-0813

    10 Total Sales

    Section Image

  • M

    Buyer's Agent in 2018

    Mark Coffey Jr.

    Keller Williams Indy Metro S

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21577246

MIBOR Broker Listing Cooperative®

APN: 49-11-03-124-021.000-101

Indiana Marion County Indianapolis 46222 Stringtown

2003 W Michigan St, Indianapolis, IN

This home is located at 2003 W Michigan St, Indianapolis, IN 46222 since 28 June 2018 and is currently estimated at $157,500, approximately $115 per square foot. This property was built in 1910. 2003 W Michigan St is a home located in Marion County with nearby schools including William Penn School 49, George Washington Community High School (9-12), and Arsenal Technical High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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