2040 N Park Ave Indianapolis, IN 46202
Near Northside Neighborhood
--
Bed
--
Bath
1,618
Sq Ft
5,140
Sq Ft Lot
About This Home
As of July 2023ATTENTION SAVVY BUYERS - HUGE UPSIDE and potential in this spacious duplex ON THE PARK. Located directly across from MLK PARK and POOL in RED HOT King Park Neighborhood. Hardly any remaining duplexes in this area. Duplex has 4 BR's on each side with its own private basement. All utilities are separated so LOTS OF OPTIONS HERE - Live in one side rent out the other? Buy and hold? Demo and build? Create two town-homes and sell? The choice is yours! Plenty of space in back for garage and carraige house. WALKING DISTANCE TO HIGHLY RATED IPS CFI School 27, Tinker St, Mass Ave, etc. *One side is a blank canvas and ready for rehab and one side is a solid rental and tenant occupied.
Last Agent to Sell the Property
Compass Indiana, LLC License #RB14042717 Listed on: 07/24/2019
Last Buyer's Agent
Phil Kirk
@properties
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,678
Year Built
- Built in 1900
Home Design
- Traditional Architecture
- Brick Foundation
- Block Foundation
- Vinyl Siding
Additional Features
- 2-Story Property
- 5,140 Sq Ft Lot
- Basement
Community Details
- W A Bells Sub Johnson Subdivision
Listing and Financial Details
- Tenant pays for insurance, all utilities, water
- The owner pays for taxes
- Assessor Parcel Number 490636150013000101
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 17, 2023
Closed on
Aug 2, 2023
Sold by
Redemption Homes Trust
Bought by
Taylor Brandi Jo and Taylor John
Seller's Agent
Andrew Kirk
@properties
Buyer's Agent
Jeana Culp
Carpenter, REALTORS®
List Price
$450,000
Sold Price
$446,450
Premium/Discount to List
-$3,550
-0.79%
Total Days on Market
70
Views
77
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,378
Avg. Annual Appreciation
1.42%
Original Mortgage
$290,192
Outstanding Balance
$284,879
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$174,960
Purchase Details
Listed on
Jul 24, 2019
Closed on
Oct 14, 2019
Sold by
Phase I Investments Llc
Bought by
Redemption Homes Trust
Seller's Agent
Kyle Williams
Compass Indiana, LLC
Buyer's Agent
Phil Kirk
@properties
List Price
$249,900
Sold Price
$185,000
Premium/Discount to List
-$64,900
-25.97%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.32%
Purchase Details
Closed on
Dec 28, 2012
Sold by
Williams Abby J and Williams Kyle A
Bought by
Phase I Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Interest Rate
3.28%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 12, 2012
Sold by
Williams Abbie J
Bought by
Phase 1 Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Interest Rate
3.28%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 26, 2009
Sold by
Williams Kyle A
Bought by
Williams Kyle A and Williams Abby J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,600
Interest Rate
5.29%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 6, 2008
Sold by
Daly Ethan and Daly Holly
Bought by
Williams Kyle A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 6, 2006
Sold by
Snyder Nathan and Snyder Kara
Bought by
Daly Ethan and Daly Holly
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,900
Interest Rate
9.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Similar Homes in Indianapolis, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $446,450 | Chicago Title | |
| Warranty Deed | $185,000 | First American Title Insurance | |
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $290,192 | New Conventional | |
| Previous Owner | $240,000 | New Conventional | |
| Previous Owner | $635,000 | New Conventional | |
| Previous Owner | $59,500 | Commercial | |
| Previous Owner | $110,600 | New Conventional | |
| Previous Owner | $93,600 | Purchase Money Mortgage | |
| Previous Owner | $20,000 | Credit Line Revolving | |
| Previous Owner | $112,900 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2023 07/28/23 | Sold | $446,450 | -0.8% | $276 / Sq Ft |
| 06/08/2023 06/08/23 | Pending | -- | -- | -- |
| 06/07/2023 06/07/23 | For Sale | $450,000 | +0.8% | $278 / Sq Ft |
| 02/27/2023 02/27/23 | Off Market | $446,450 | -- | -- |
| 01/26/2023 01/26/23 | Pending | -- | -- | -- |
| 01/17/2023 01/17/23 | For Sale | $450,000 | +143.2% | $278 / Sq Ft |
| 10/21/2019 10/21/19 | Sold | $185,000 | -7.5% | $114 / Sq Ft |
| 10/03/2019 10/03/19 | Pending | -- | -- | -- |
| 09/30/2019 09/30/19 | Price Changed | $199,900 | -2.5% | $124 / Sq Ft |
| 09/09/2019 09/09/19 | Price Changed | $205,000 | -6.8% | $127 / Sq Ft |
| 08/23/2019 08/23/19 | Price Changed | $219,900 | -2.2% | $136 / Sq Ft |
| 08/16/2019 08/16/19 | Price Changed | $224,900 | -4.3% | $139 / Sq Ft |
| 08/06/2019 08/06/19 | Price Changed | $234,900 | -6.0% | $145 / Sq Ft |
| 07/24/2019 07/24/19 | For Sale | $249,900 | 0.0% | $154 / Sq Ft |
| 02/24/2015 02/24/15 | Rented | $745 | -6.3% | -- |
| 02/24/2015 02/24/15 | Under Contract | -- | -- | -- |
| 01/03/2015 01/03/15 | For Rent | $795 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $5,611 | $374,900 | $68,500 | $306,400 |
| 2023 | $5,611 | $332,300 | $68,500 | $263,800 |
| 2022 | $7,672 | $332,300 | $68,500 | $263,800 |
| 2021 | $5,758 | $243,800 | $20,600 | $223,200 |
| 2020 | $4,048 | $174,800 | $20,600 | $154,200 |
| 2019 | $3,088 | $130,800 | $20,600 | $110,200 |
| 2018 | $2,804 | $112,400 | $20,600 | $91,800 |
| 2017 | $2,264 | $100,800 | $20,600 | $80,200 |
| 2016 | $1,982 | $93,600 | $20,600 | $73,000 |
| 2014 | $1,907 | $88,200 | $20,600 | $67,600 |
| 2013 | $1,111 | $88,200 | $20,600 | $67,600 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew Kirk
A
Seller's Agent in 2023
Andrew Kirk
@properties
(317) 250-5264
4 in this area
115 Total Sales
-
Phil Kirk
Seller Co-Listing Agent in 2023
Phil Kirk
@properties
(317) 250-5261
6 in this area
94 Total Sales
-
J
Buyer's Agent in 2023
Jeana Culp
Carpenter, REALTORS®
-
Kyle Williams
Seller's Agent in 2019
Kyle Williams
Compass Indiana, LLC
(317) 445-0701
5 in this area
196 Total Sales
-
I
Seller's Agent in 2015
Ivan Barratt
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: MBR21656012
APN: 49-06-36-150-013.000-101
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