NOT LISTED FOR SALE

262 E Southern Ave Indianapolis, IN 46225

Garfield Park Neighborhood

Estimated Value: $162,295 - $166,000

4 Beds
-- Bath
604 Sq Ft
$273/Sq Ft Est. Value

Last Sold June 21, 2022

Last sale price $145,000 $240 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,143/month

31 Days on Market

About This Home

As of June 2022

Great investment opportunity in South Village right next to Garfield Park and Manuel High School. Property is in great condition with both units occupied. Both sides have their own 1 car garage and separate fenced in back yards-Plenty of off street parking in alley-Newer roof and mechanicals-Well maintained and ready to go. Property is slightly under market rent - market is closer to $700-$800/unit.

The left unit is rented for $650/mo - lease ends 4/30/23.
The right unit is rented for $550/mo - Month-to-month tenant that has been a long term tenant. (likely will be moving out this summer)

Last Agent to Sell the Property

Ryan Boyd

Trueblood Real Estate Listed on: 04/14/2022

Trueblood Real Estate

Last Buyer's Agent

Christopher Hartwell

White Stag Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,272

Year Built

  • Built in 1920

Lot Details

  • 2,962 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Vinyl Siding

Additional Features

  • Basement

Community Details

  • Madison Terrace Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas, lawncare
  • The owner pays for sewer, water
  • Assessor Parcel Number 491124123036000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,272

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1920
  • Lot Size Acres: 0.068
  • Subdivision Name: MADISON TERRACE
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Owner Pays: Sewer, Water
  • Sq Ft Main Upper: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable

Garage/Parking

  • Garage Spaces: 2
  • Unit Parking: 1 Car Garage,On Street

Utilities

  • Solid Waste: 1

Lot Info

  • Parcel Number: 491124123036000101
  • Acres: <1/4 Acre
  • Lot Information: Corner,Sidewalks,Not In Subdivision
  • Lot Number: 37
  • Lot Size: 2,962

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity, Gas, Lawncare

Tax Info

  • Tax Annual Amount: 2272
  • Semi Annual Property Tax Amt: 1136
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2024
Sold by
Geshay Jay
Bought by
Boeglin Clifford
Current Estimated Value
$164,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,950
Outstanding Balance
$109,394
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$55,371

Purchase Details

Listed on
Apr 14, 2022
Closed on
Jun 22, 2022
Sold by
Craig Lively
Bought by
Geshay Jay
Seller's Agent
Ryan Boyd
Trueblood Real Estate
Buyer's Agent
Christopher Hartwell
White Stag Realty, LLC
List Price
$144,900
Sold Price
$145,000
Premium/Discount to List
$100
0.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.67%
Original Mortgage
$108,750
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 24, 2020
Closed on
Jan 25, 2021
Sold by
Funke Marilyn
Bought by
Lively Craig
Seller's Agent
Barbara Whiteside
Keller Williams Indy Metro NE
Buyer's Agent
Ryan Boyd
Trueblood Real Estate
List Price
$135,000
Sold Price
$106,000
Premium/Discount to List
-$29,000
-21.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.08%
Original Mortgage
$79,500
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2016
Sold by
Jeffries Marilyn and Funke Marilyn
Bought by
Funke Marilyn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Boeglin Clifford $158,500 Chicago Title
Geshay Jay $145,000 Mcanlis Law Group Pc
Lively Craig $106,000 Ata National Title
Funke Marilyn -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boeglin Clifford $110,950
Previous Owner Geshay Jay $108,750
Previous Owner Lively Craig $79,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2022 06/21/22 Sold $145,000 +0.1% $240 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $144,900 0.0% $240 / Sq Ft
04/19/2022 04/19/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $144,900 +36.7% $240 / Sq Ft
01/25/2021 01/25/21 Sold $106,000 -10.9% $175 / Sq Ft View Prior Sale
12/19/2020 12/19/20 Pending -- -- --
12/16/2020 12/16/20 Price Changed $119,000 -8.5% $197 / Sq Ft
11/18/2020 11/18/20 Price Changed $130,000 -3.7% $215 / Sq Ft
10/28/2020 10/28/20 For Sale $135,000 +27.4% $224 / Sq Ft
09/23/2020 09/23/20 Off Market $106,000 -- --
09/21/2020 09/21/20 For Sale $135,000 -- $224 / 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 $3,384 $132,700 $14,500 $118,200
2023 $3,384 $137,600 $14,500 $123,100
2022 $3,017 $122,800 $14,500 $108,300
2021 $2,456 $104,200 $14,500 $89,700
2020 $2,273 $94,600 $14,500 $80,100
2019 $1,431 $57,200 $7,800 $49,400
2018 $1,441 $57,200 $7,800 $49,400
2017 $1,213 $53,500 $7,800 $45,700
2016 $1,118 $50,200 $7,800 $42,400
2014 $947 $43,800 $7,800 $36,000
2013 $907 $40,000 $4,000 $36,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Ryan Boyd

    Trueblood Real Estate

    Section Image

  • C

    Buyer's Agent in 2022

    Christopher Hartwell

    White Stag Realty, LLC

    Section Image
  • Barbara Whiteside

    Seller's Agent in 2021

    Barbara Whiteside

    Keller Williams Indy Metro NE

    (317) 414-3262

    2 in this area

    222 Total Sales

    Barbara Whiteside
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21848397

MIBOR Broker Listing Cooperative®

APN: 49-11-24-123-036.000-101

Indiana Marion County Indianapolis 46225 Garfield Park

262 E Southern Ave, Indianapolis, IN

Not Listed for Sale

MultiFamily

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