NOT LISTED FOR SALE

248 Demarest Dr Indianapolis, IN 46214

Chapel Hill-Ben Davis Neighborhood

Estimated Value: $211,012 - $290,000

2 Beds
-- Bath
1,207 Sq Ft
$208/Sq Ft Est. Value

Last Sold December 18, 2019

Last sale price $168,625 $140 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,766/month

2 Days on Market

About This Home

As of December 2019

Turn key investment opportunity! This double was extensively renovated and is in move-in ready condition! A great rental location with close access to 465, Avon, Rockville Rd and quick drive to downtown Indy. Updates include: High efficiency Heat pump/AC unit, Kitchen and bathroom cabinets/fixtures/counter, Flooring throughout – Vinyl plank in kitchens, bathrooms, mechanical rooms, water heater closet. Carpet in bedrooms, halls, and steps. All drywall replaced and all surfaces newly painted. All windows re-caulked. Replaced all siding of the house and installed new gutters. Microwave and dishwasher, sump pumps, hardwired smoke detectors, sliding patio door, kitchen sliding window, shower surround, light fixtures.

Last Agent to Sell the Property

Kyle Peckinpaugh

F.C. Tucker Company License #RB14041911 Listed on: 11/13/2019

F.C. Tucker Company

Last Buyer's Agent

Chandan Saha

United Real Estate Indpls

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,248

Year Built

  • Built in 1964

Lot Details

  • 0.26

Home Design

  • Traditional Architecture

Additional Features

  • 2-Story Property
  • 0.26 Acre Lot

Community Details

  • Rockwood Subdivision

Listing and Financial Details

  • Tenant pays for cable tv electricity insurance all utilities water
  • The owner pays for inshazard insurance insurance taxes
  • Assessor Parcel Number 491203103019000900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,248

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1964
  • Lot Size Acres: 0.26
  • Structure Type: Duplex
  • Subdivision Name: ROCKWOOD
  • Inspection Warranties: Not Applicable
  • Property Description: Turn key investment opportunity! This double was extensively renovated and is in move-in ready condition! A great rental location with close access to 465, Avon, Rockville Rd and quick drive to downtown Indy. Updates include: High efficiency Heat pump/AC unit, Kitchen and bathroom cabinets/fixtures/counter, Flooring throughout – Vinyl plank in kitchens, bathrooms, mechanical rooms, water heater closet. Carpet in bedrooms, halls, and steps. All drywall replaced and all surfaces newly painted. All windows re-caulked. Replaced all siding of the house and installed new gutters. Microwave and dishwasher, sump pumps, hardwired smoke detectors, sliding patio door, kitchen sliding window, shower surround, light fixtures.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: InsHazard,Insurance,Insurance,Taxes
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections Some

Exterior Features

  • Construction Materials: Brick,Vinyl Siding
  • Disclosures: Not Applicable
  • List Price: 165000

Garage/Parking

  • Unit Parking: 2 Car Space

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 0

Lot Info

  • Parcel Number: 491203103019000900
  • Acres: 1/4-1/2 Acre
  • Lot Information: Corner
  • Lot Number: 13
  • Lot Size: .26

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV,Electricity,Insurance,All Utilities,Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2248
  • Semi Annual Property Tax Amt: 1124
  • Tax Exemption: None

MLS Schools

  • School District: Wayne Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2019
Closed on
Dec 18, 2019
Sold by
Demarest Llc
Bought by
Dey Asim and Dey Kuhely
Seller's Agent
Kyle Peckinpaugh
F.C. Tucker Company
Buyer's Agent
Chandan Saha
United Real Estate Indpls
List Price
$165,000
Sold Price
$168,625
Premium/Discount to List
$3,625
2.2%
Current Estimated Value
$251,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,712
Avg. Annual Appreciation
7.04%
Original Mortgage
$126,450
Outstanding Balance
$111,702
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$139,635

Purchase Details

Listed on
Jan 21, 2015
Closed on
Apr 29, 2015
Sold by
Baker Ruth F
Bought by
Demarest Llc
Seller's Agent
Sara Baker
F.C. Tucker Company
Buyer's Agent
J Chris Miller
List Price
$115,000
Sold Price
$55,000
Premium/Discount to List
-$60,000
-52.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.31%
Original Mortgage
$44,000
Interest Rate
3.68%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Dey Asim $168,625 Meridian Title Corporation
Demarest Llc -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dey Asim $126,450
Previous Owner Demarest Llc $44,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/18/2019 12/18/19 Sold $168,625 +2.2% $140 / Sq Ft
11/16/2019 11/16/19 Pending -- -- --
11/13/2019 11/13/19 For Sale $165,000 +200.0% $137 / Sq Ft
04/29/2015 04/29/15 Sold $55,000 -52.2% $84 / Sq Ft View Prior Sale
02/27/2015 02/27/15 Pending -- -- --
01/21/2015 01/21/15 For Sale $115,000 -- $176 / 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 $5,373 $222,700 $17,900 $204,800
2023 $5,373 $224,100 $17,900 $206,200
2022 $5,028 $207,300 $17,900 $189,400
2021 $4,831 $175,000 $17,900 $157,100
2020 $4,236 $153,100 $17,900 $135,200
2019 $2,827 $101,000 $17,900 $83,100
2018 $2,342 $95,500 $17,900 $77,600
2017 $2,163 $88,000 $17,900 $70,100
2016 $1,866 $75,500 $17,900 $57,600
2014 $1,676 $83,700 $17,900 $65,800
2013 -- $77,100 $17,900 $59,200
Source: Public Records

Agents Affiliated with this Home

  • Kyle Peckinpaugh

    Seller's Agent in 2019

    Kyle Peckinpaugh

    F.C. Tucker Company

    (317) 362-2396

    50 Total Sales

    Kyle Peckinpaugh
    Section Image
  • Chandan Saha

    Buyer's Agent in 2019

    Chandan Saha

    United Real Estate Indpls

    (317) 748-2786

    1 in this area

    21 Total Sales

    Chandan Saha
    Section Image

  • S

    Seller's Agent in 2015

    Sara Baker

    F.C. Tucker Company

    Section Image

  • J

    Buyer's Agent in 2015

    J Chris Miller

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21681058

MIBOR Broker Listing Cooperative®

APN: 49-12-03-103-019.000-900

Indiana Marion County Indianapolis 46214 Chapel Hill-Ben Davis

248 Demarest Dr, Indianapolis, IN

This home is located at 248 Demarest Dr, Indianapolis, IN 46214 since 13 November 2019 and is currently estimated at $251,337, approximately $208 per square foot. This property was built in 1964. 248 Demarest Dr is a home located in Marion County with nearby schools including Westlake Elementary School, Chapel Hill 7th & 8th Grade Center, and Ben Davis Ninth Grade Center.

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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