NOT LISTED FOR SALE

2042 N Colorado Ave Indianapolis, IN 46218

Near Eastside Neighborhood

Estimated Value: $75,000 - $123,000

3 Beds
1 Bath
1,440 Sq Ft
$64/Sq Ft Est. Value

Last Sold March 18, 2019

Last sale price $41,000 $28 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $610/month

254 Days on Market

Highlights

  • 1-Story Property
  • Combination Kitchen and Dining Room
  • 3-minute walk to Forest Manor Park
  • Forced Air Heating and Cooling System

About This Home

As of March 2019

Great opportunity for investment properties! 100% rented! Long term renters. Highly maintained and great rent. This home is being sold "as is." This home can be bought individually or as a part of a group sale of 6 tenant occupied properties. 2 additional ones can be considered, as well.

Last Agent to Sell the Property

Arch Nevins

eXp Realty, LLC License #RB14052395 Listed on: 06/12/2018

eXp Realty, LLC

Last Buyer's Agent

Zachary Hoereth

Elite Indy Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $588

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,440 Sq Ft Home
  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Basement Fills Entire Space Under The House
  • Attic Access Panel
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • Brookside Sunnygrove Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 490733115013000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$588

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow/Shotgun
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1950
  • Garage Y N: No
  • Lot Size Acres: 0.17
  • Subdivision Name: BROOKSIDE SUNNYGROVE ADD
  • Inspection Warranties: Not Applicable
  • Property Description: Great opportunity for investment properties! 100% rented! Long term renters. Highly maintained and great rent. This home is being sold "as is." This home can be bought individually or as a part of a group sale of 6 tenant occupied properties. 2 additional ones can be considered, as well.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Appliances: None
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Attic Access
  • Living Area: 1440
  • Other Equipment: Smoke Detector
  • Room Count: 4
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 720
  • Main Level Sq Ft: 720
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 1440
  • Below Grade Sq Ft: 720
  • Pct Optional Level Finished: 25-50%
  • Optional Level Below Grade: Basement

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 55000
  • Association Maintained Building Exterior: 0

Garage/Parking

  • Fuel: Electric,Gas
  • Garage Parking Description: None

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 490733115013000101
  • Acres: <1/4 Acre
  • Lot Number: 295
  • Lot Size: 7,405

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 588
  • Semi Annual Property Tax Amt: 294
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools
  • Schools: Arsenal Technical High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2018
Closed on
Mar 18, 2019
Sold by
Honalee 2042 Colorado Llc
Bought by
Ive Got Homes Llc
Seller's Agent
Arch Nevins
eXp Realty, LLC
Buyer's Agent
Zachary Hoereth
Elite Indy Realty Group
List Price
$330,000
Sold Price
$41,000
Premium/Discount to List
-$289,000
-87.58%
Current Estimated Value
$92,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,333
Avg. Annual Appreciation
13.46%

Purchase Details

Closed on
Feb 11, 2016
Sold by
Honalee Llc
Bought by
Honalee 2042 Colorado Llc

Purchase Details

Closed on
Mar 31, 2014
Sold by
Jb Indi Investments Llc
Bought by
Honalee Llc

Purchase Details

Closed on
Feb 7, 2014
Sold by
Haney Raymond C
Bought by
Jb Indi Investments Llc

Purchase Details

Closed on
Apr 20, 2010
Sold by
Hughes Geraldine and Haney Geraldine
Bought by
Haney Raymond C
Source: Public Records

Range of Values:

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Average Value
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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
Ive Got Homes Llc $41,000 Hocker And Associates
Honalee 2042 Colorado Llc -- None Available
Honalee Llc -- Fidelity National Title Comp
Jb Indi Investments Llc -- Fidelity National Title
Haney Raymond C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open I Ve Got Homes Llc $209,625
Open I Ve Got Homes Llc $1,520,000
Closed Ive Got Homes Llc $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2019 03/18/19 Sold $41,000 -25.5% $28 / Sq Ft
02/22/2019 02/22/19 Pending -- -- --
08/29/2018 08/29/18 Price Changed $55,000 -83.3% $38 / Sq Ft
06/12/2018 06/12/18 For Sale $330,000 -- $229 / 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 $1,288 $59,300 $8,100 $51,200
2023 $1,288 $51,400 $8,100 $43,300
2022 $1,282 $51,400 $8,100 $43,300
2021 $1,063 $43,200 $8,100 $35,100
2020 $927 $37,200 $2,700 $34,500
2019 $860 $33,700 $2,700 $31,000
2018 $785 $30,300 $2,700 $27,600
2017 $650 $27,700 $2,700 $25,000
2016 $636 $27,700 $2,700 $25,000
2014 $729 $33,700 $2,700 $31,000
2013 $701 $33,700 $2,700 $31,000
Source: Public Records

Agents Affiliated with this Home

  • Arch Nevins

    Seller's Agent in 2019

    Arch Nevins

    eXp Realty, LLC

    (317) 501-5039

    9 in this area

    118 Total Sales

    Arch Nevins
    Section Image

  • Z

    Buyer's Agent in 2019

    Zachary Hoereth

    Elite Indy Realty Group

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21573520

MIBOR Broker Listing Cooperative®

APN: 49-07-33-115-013.000-101

Indiana Marion County Indianapolis 46218 Near Eastside

2042 N Colorado Ave, Indianapolis, IN

This home is located at 2042 N Colorado Ave, Indianapolis, IN 46218 since 12 June 2018 and is currently estimated at $92,333, approximately $64 per square foot. This property was built in 1950. 2042 N Colorado Ave is a home located in Marion County with nearby schools including Brookside School 54, Arlington Community Middle School, 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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