NOT LISTED FOR SALE

2615 E 18th St Indianapolis, IN 46218

Near Eastside Neighborhood

Estimated Value: $84,000 - $155,000

4 Beds
-- Bath
835 Sq Ft
$143/Sq Ft Est. Value

Last Sold September 26, 2019

Last sale price $34,000 $41 Per Sq Ft

Est. 251% increase in value since last sale

Current estimated payment $812/month

40 Days on Market

About This Home

As of September 2019

Incredible Investment Opportunity! Restore this one back to its beauty and then rent each side for $650 (based on rentometer ave rents). Contractor estimates repairs to be $17,145. Duplexes in this area average $65,000-$75,000 and you could be all in for just over $62,000!

Last Agent to Sell the Property

Michael Melton

Listed on: 08/13/2019

Last Buyer's Agent

Michael Melton

Dropped Members

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $776

Year Built

  • Built in 1922

Lot Details

  • 4,225

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Community Details

  • E T Fletchers 2Nd Brookside Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for no utilities
  • Assessor Parcel Number 490732106022000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$776

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1922
  • Structure Type: Duplex
  • Subdivision Name: E T FLETCHERS 2ND BROOKSIDE
  • Inspection Warranties: Not Applicable
  • Property Description: Incredible Investment Opportunity! Restore this one back to its beauty and then rent each side for $650 (based on rentometer ave rents). Contractor estimates repairs to be $17,145. Duplexes in this area average $65,000-$75,000 and you could be all in for just over $62,000!
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: No Utilities
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • List Price: 39000

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Parcel Number: 490732106022000101
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks
  • Lot Number: 40
  • Lot Size: 40 X 106

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 776
  • Semi Annual Property Tax Amt: 388
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 24, 2023
Sold by
Martinez-Cruz Pablo
Bought by
Arellano Cesar
Current Estimated Value
$119,500

Purchase Details

Listed on
Aug 13, 2019
Closed on
Sep 26, 2019
Sold by
Summit Springs Investments Inc
Bought by
Cruz Pablo Martinez
Seller's Agent
Michael Melton
Buyer's Agent
Michael Melton
List Price
$45,000
Sold Price
$34,000
Premium/Discount to List
-$11,000
-24.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.88%

Purchase Details

Closed on
Jul 22, 2019
Sold by
Marion County Sheriff
Bought by
Summit Springs Investements Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Arellano Cesar -- None Listed On Document
Cruz Pablo Martinez $34,000 Chicago Title Company, Llc
Summit Springs Investements Inc $22,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2019 09/26/19 Sold $34,000 -12.8% $41 / Sq Ft
09/23/2019 09/23/19 Pending -- -- --
08/31/2019 08/31/19 Price Changed $39,000 -13.3% $47 / Sq Ft
08/13/2019 08/13/19 For Sale $45,000 -- $54 / 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 $1,940 $86,300 $5,900 $80,400
2023 $1,940 $77,500 $5,900 $71,600
2022 $2,202 $77,500 $5,900 $71,600
2021 $1,610 $65,500 $5,900 $59,600
2020 $1,385 $55,600 $2,200 $53,400
2019 $1,624 $48,900 $2,200 $46,700
2018 $1,122 $43,100 $2,200 $40,900
2017 $982 $41,800 $2,200 $39,600
2016 $679 $28,200 $2,200 $26,000
2014 $530 $36,700 $2,200 $34,500
2013 $763 $36,700 $2,200 $34,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Michael Melton

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21661712

MIBOR Broker Listing Cooperative®

APN: 49-07-32-106-022.000-101

Indiana Marion County Indianapolis 46218 Near Eastside

2615 E 18th St, Indianapolis, IN

This home is located at 2615 E 18th St, Indianapolis, IN 46218 since 13 August 2019 and is currently estimated at $119,500, approximately $143 per square foot. This property was built in 1922. 2615 E 18th St 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.

Nearby Homes