NOT LISTED FOR SALE

2402 N Lesley Ave Indianapolis, IN 46218

Eastside Neighborhood

Estimated Value: $85,000 - $256,967

6 Beds
1 Bath
-- Sq Ft
0.87 Acres

Last Sold December 31, 2013

Last sale price $77,000

Est. 152% increase in value since last sale

Current estimated payment $1,439/month

7 Days on Market

About This Home

As of December 2013

EXCELLENT INCOME PRODUCING PROPERT(IES) FOR SHARP INVESTOR. YOU CAN'T GO WRONG WITH THESE 4 ALL BRICK RANCH UNITS. MANY IMPROVEMENTS TO ALL 4 UNITS INCLUDE: ALL NEW WINDOWS, DOORS, PLUMBING, NETURAL PAINT, UPDATED KITCHEN & BATHROOM ROOMS!! UNITS 2402, 2404 & 2410 ARE CURRENTLY RENTED FOR $550 MONTH. 2412 IS READY TO RENT.

Last Agent to Sell the Property

Derrick Johnson

Ladd Realty, LLC Listed on: 12/18/2013

Last Buyer's Agent

Lee Smith

Lee Smith Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 0.87

Home Design

  • Quadruplex
  • Ranch Style House
  • Brick Exterior Construction

Additional Features

  • Washer and Dryer Hookup
  • 0.87 Acre Lot

Community Details

  • Arlington Manor Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, cable TV
  • The owner pays for ins hazard, insurance, taxes
  • Tax Lot 211
  • Assessor Parcel Number 490727105049000701

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub Type: Fourplex
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2013
  • Year Built: 1966
  • Lot Size Acres: 0.87
  • Structure Type: Quadruplex
  • Subdivision Name: Arlington Manor
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: djohnsonindy12@yahoo.com
  • Special Features: None

Interior Features

  • Levels: One
  • Furnished: Furnished
  • Owner Pays: Ins Hazard, Insurance, Taxes
  • Upper Level Sq Ft: 0
  • SqFt Total: 0

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • List Price: 79900

Garage/Parking

  • Unit Parking: Unpaved

Utilities

  • Utilities: Cable Connected, Gas, Sewer Connected, Water Connected
  • Laundry Features: Connections All
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 6300

Lot Info

  • Lot Features: Access
  • Additional Parcels: No
  • Parcel Number: 490727105049000701

Rental Info

  • Tenant Pays: All Utilities, Cable TV

Multi Family

  • Net Operating Income: 20100
  • Gross Income: 26400
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2284
  • Tax Lot: 211
  • Semi Annual Property Tax Amt: 1142
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2017
Sold by
Dale Dale L and Dale Ii
Bought by
Covell Christopher
Current Estimated Value
$193,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Outstanding Balance
$77,922
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$116,070

Purchase Details

Listed on
Dec 18, 2013
Closed on
Dec 31, 2013
Sold by
Clayton Martin C
Bought by
Smith Ii Dale L
Seller's Agent
Derrick Johnson
Ladd Realty, LLC
Buyer's Agent
Lee Smith
Lee Smith Realty, LLC
List Price
$79,900
Sold Price
$77,000
Premium/Discount to List
-$2,900
-3.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%

Purchase Details

Closed on
Dec 13, 2006
Sold by
Jackson Alphonso and Seceratary Of Hud
Bought by
Clayton Martin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,500
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 2006
Sold by
Midfirst Bank
Bought by
Secretary Of Hud
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
Covell Christopher $125,000 --
Covell Christopher $125,000 Paramount Title Agency
Smith Ii Dale L $77,000 Title Solutions Plus Corp
Smith Ii Dale L -- Title Solutions Plus Corp
Clayton Martin C -- None Available
Secretary Of Hud -- None Available
Midfirst Bank $73,649 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Covell Christopher $93,750
Previous Owner Clayton Martin C $49,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2013 12/31/13 Sold $77,000 -3.6% --
12/26/2013 12/26/13 Pending -- -- --
12/18/2013 12/18/13 For Sale $79,900 -- --
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 $5,048 $204,300 $10,700 $193,600
2023 $5,048 $202,700 $10,700 $192,000
2022 $7,521 $143,300 $10,700 $132,600
2021 $3,547 $143,700 $10,700 $133,000
2020 $3,499 $141,200 $11,000 $130,200
2019 $3,523 $139,700 $11,000 $128,700
2018 $3,145 $122,700 $11,000 $111,700
2017 $2,590 $111,700 $11,000 $100,700
2016 $2,598 $114,700 $11,000 $103,700
2014 $2,253 $104,200 $11,000 $93,200
2013 $2,285 $102,600 $11,000 $91,600
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Derrick Johnson

    Ladd Realty, LLC

    Section Image

  • L

    Buyer's Agent in 2013

    Lee Smith

    Lee Smith Realty, LLC

    (317) 537-7249

    5 Total Sales

    Lee Smith
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21268937

MIBOR Broker Listing Cooperative®

APN: 49-07-27-105-049.000-701

Indiana Marion County Indianapolis 46218 Eastside

2402 N Lesley Ave, Indianapolis, IN

This home is located at 2402 N Lesley Ave, Indianapolis, IN 46218 since 18 December 2013 and is currently estimated at $193,992. This property was built in 1966. 2402 N Lesley Ave is a home located in Marion County with nearby schools including Arlington Woods Elementary School No. 99, Thomas D. Gregg School No. 15, and Washington Irving School 14.

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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