$165,000
SOLD JUL 24, 2025
3 Beds
2 Baths
1,981 Sq Ft
4,095 Sq Ft Lot

Recently Sold

$83 Per Sq Ft

3% Above List Price

1 Day on Market

About This Home

As of July 2025

SPADES PARK // Few opportunities present themselves like 2326-2328 E. 16th Street! The woodwork here is unmatched as they simply don't make them like they used to. The original hardwood flooring has been beautifully restored while the rest of the home preserves its historical character. The upstairs unit is a two bed, one bath apartment that with a little TLC will add sweat equity, or the building can be converted back to a single family home. Easily walk or bike to beloved Indy favorites: Amelia's, Kan-Kan Cinema, Spades Park Library Branch, 8th Day Distillery along with numerous small businesses at Factory Arts District, North Mass Boulder, and Cunningham's latest concept: Shin Dig. Don't forget about the annual Feast of Lanterns across the street at the park with tons of green space. You do NOT want to miss this! Please schedule showings in advance as the home is occupied.

Last Agent to Sell the Property

Billy Ratthahao

Indy Dwell Real Estate License #RB18002298 Listed on: 06/25/2025

Last Buyer's Agent

Kristina Musielak

@properties License #RB18001938

@properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,196

Year Built

  • Built in 1914

Lot Details

  • 4,095 Sq Ft Lot
  • Mature Trees

Parking

  • 2 Car Garage
  • Alley Access

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Spades Park Subdivision

Listing and Financial Details

  • Tax Lot 1015062
  • Assessor Parcel Number 490731232013000101
  • Seller Concessions Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,196

Year Built

Built in 1914

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1914
  • Lot Size Acres: 0.09
  • Structure Type: Duplex
  • Subdivision Name: Spades Park
  • Transaction Type: Sale
  • Conversion: Yes
  • Price Unit: 82500
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Total Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Construction Materials: Vinyl Siding
  • Fencing: Full
  • List Price: 159900
  • Road Access: Access Rd

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Alley Access
  • Unit Parking: 2 Car Garage,On Street

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: Connections Some
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: Sidewalks, Mature Trees
  • Current Use: Residential
  • Lot Size Sq Ft: 4095
  • Parcel Number: 490731232013000101
  • Acres: <1/4 Acre
  • Price Acre: 1833333

Multi Family

  • Gross Income: 6600
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3196
  • Tax Lot: 1015062
  • Semi Annual Property Tax Amt: 1598

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2025
Closed on
Jul 24, 2025
Sold by
Runge Joel Marvin and Coons Mary Elizabeth
Bought by
Kraft Matthew
Seller's Agent
Billy Ratthahao
Indy Dwell Real Estate
Buyer's Agent
Kristina Musielak
@properties
List Price
$159,900
Sold Price
$165,000
Premium/Discount to List
$5,100
3.19%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
407.43%
Original Mortgage
$156,750
Outstanding Balance
$156,750
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$34,221

Purchase Details

Closed on
Nov 2, 2018
Sold by
Byrne Mary A
Bought by
Marvin Runge Joel
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Chicago Title
Deed $60,000 --
Warranty Deed $60,000 First American Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $156,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Sold $165,000 +3.2% $83 / Sq Ft
06/26/2025 06/26/25 Pending -- -- --
06/25/2025 06/25/25 For Sale $159,900 -- $81 / 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 $2,883 $122,800 $4,600 $118,200
2023 $2,883 $116,500 $4,600 $111,900
2022 $3,312 $130,800 $4,600 $126,200
2021 $2,718 $112,800 $4,600 $108,200
2020 $2,620 $108,200 $2,500 $105,700
2019 $2,565 $103,900 $2,500 $101,400
2018 $2,405 $96,300 $2,500 $93,800
2017 $1,884 $83,600 $2,500 $81,100
2016 $1,844 $83,600 $2,500 $81,100
2014 $1,699 $78,600 $2,500 $76,100
2013 $1,634 $78,600 $2,500 $76,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22047145

MIBOR Broker Listing Cooperative®

APN: 49-07-31-232-013.000-101