NOT LISTED FOR SALE

Estimated Value: $194,000

-- Bed
-- Bath
-- Sq Ft
0.25 Acres

Last Sold January 10, 2020

Last sale price $130,000

Est. 49% increase in value since last sale

Current estimated payment $1,408/month

142 Days on Market

About This Home

As of January 2020

Impressive 4 unit multi-family property all on 1 level. Close to Downtown, Highways, Shopping, and Hospital. On a corner lot and quiet street. All 4 units are rented. This is a turn-key opportunity with excellent growth potential.

For tenant respect and privacy please do not disturb tenants and allow 72 hours to set up showings

Property is As-Is. Please provide proof of funds with offer.

Last Agent to Sell the Property

Larry Tracy

BHB Real Estate Group License #RB14022508 Listed on: 07/17/2019

Last Buyer's Agent

Krystal Menser

Real Broker, LLC

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $486

Year Built

  • Built in 1948

Lot Details

  • 0.25 Acre Lot

Home Design

  • Aluminum Siding

Community Details

  • Kessler Park Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, insurance, lawncare
  • The owner pays for insurance, taxes, sewer, water
  • Assessor Parcel Number 490628102214000901

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$486

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Other
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2014
  • Year Built: 1948
  • Lot Size Acres: 0.25
  • Structure Type: Quadruplex
  • Subdivision Name: KESSLER PARK
  • Inspection Warranties: Other
  • Property Description: Impressive 4 unit multi-family property all on 1 level. Close to Downtown, Highways, Shopping, and Hospital. On a corner lot and quiet street. All 4 units are rented. This is a turn-key opportunity with excellent growth potential. For tenant respect and privacy please do not disturb tenants and allow 72 hours to set up showings Property is As-Is. Please provide proof of funds with offer.
  • Transaction Type: Sale
  • Unit Count: 4
  • Conversion: 0
  • Special Features: None

Interior Features

  • Owner Pays: Insurance, Taxes, Sewer, Water
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Common

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • List Price: 150900

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 4600

Lot Info

  • Parcel Number: 490628102214000901
  • Acres: 1/4-1/2 Acre
  • Lot Information: Corner
  • Lot Number: 28
  • Lot Size: 50x100

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Insurance, Lawncare

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 486
  • Semi Annual Property Tax Amt: 243
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2019
Closed on
Jan 9, 2020
Sold by
Ortiz Pedro
Bought by
Tong Amie W
Seller's Agent
Larry Tracy
BHB Real Estate Group
Buyer's Agent
Krystal Menser
Real Broker, LLC
List Price
$150,900
Sold Price
$130,000
Premium/Discount to List
-$20,900
-13.85%
Total Days on Market
142
Current Estimated Value
$194,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,000
Original Mortgage
$97,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2014
Sold by
Cpt Reo Llc
Bought by
Ortiz Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,375
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 2011
Sold by
Ameribuilders Corp
Bought by
Cpt Reo Llc
Source: Public Records

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Range of Values:

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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
Tong Amie W $130,000 Chicago Title
Ortiz Pedro -- None Available
Cpt Reo Llc $1,694 None Available
Cpt Reo Llc $6,886 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tong Amie W $97,500
Closed Tong Amie W $97,500
Previous Owner Ortiz Pedro $54,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2020 01/10/20 Sold $130,000 -13.9% --
12/07/2019 12/07/19 Pending -- -- --
11/04/2019 11/04/19 For Sale $150,900 0.0% --
10/28/2019 10/28/19 Pending -- -- --
10/13/2019 10/13/19 Price Changed $150,900 -5.6% --
08/09/2019 08/09/19 For Sale $159,900 0.0% --
08/05/2019 08/05/19 Pending -- -- --
07/17/2019 07/17/19 For Sale $159,900 +120.6% --
02/03/2015 02/03/15 Sold $72,500 -55.0% --
01/20/2015 01/20/15 Pending -- -- --
12/27/2012 12/27/12 For Sale $161,000 -- --
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 $3,824 $225,900 $21,600 $204,300
2023 $3,824 $152,700 $10,800 $141,900
2022 $3,551 $146,600 $10,800 $135,800
2021 $2,749 $115,400 $9,800 $105,600
2020 $1,781 $73,300 $9,800 $63,500
2019 $1,743 $70,400 $9,800 $60,600
2018 $2,028 $70,400 $9,800 $60,600
2017 $1,546 $69,300 $9,800 $59,500
2016 $1,464 $67,000 $9,800 $57,200
2014 $506 $23,400 $9,800 $13,600
2013 $486 $23,400 $9,800 $13,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21655059

MIBOR Broker Listing Cooperative®

APN: 49-06-28-102-214.000-901