NOT LISTED FOR SALE

Estimated Value: $72,099 - $78,000

0.12 Acre
$619,717 Price per Acre
5,200 Sq Ft Lot

Last Sold December 13, 2024

Last sale price $70,000

Est. 6% increase in value since last sale

Current estimated payment $456/month

3 Days on Market

Highlights

  • Mature Trees
  • No HOA
  • Property is near bus stop

About This Lot

As of December 2024

Very good location for building housing. 1 of 4 contiguous lots that can be purchased as a package. Great construction synergism for simultaneously building on a series of adjacent lots. Each is a plotted City lot of about 40'x130'. One block from Meridian Street and the Indy Go's Red and Purple Lines. 2 blocks from The Children's Museum in the Mapleton-Fall Creek neighborhood. Immediately behind the Lilly Endowment's headquarters. These lots are being offered by the local community development corporation (MFCDC). The lots are currently property tax exempt. Full city utilities are immediately available. Two attractive houses to the north of these lots were previously built by MFCDC as part of the Delaware Street Initiative. Previously, this lot and the adjacent 3 lots had homes on them, but the land has been vacant for over a decade. The CDC has a strong preference in selling to a buyer who will develop the lots in a short period of time consistent with the current residential zoning. The CDC is not looking to create a partnership with a buyer/builder, but is willing to be supportive for the right offer.

Last Agent to Sell the Property

Eric Baiz

F.C. Tucker Company Brokerage Email: ebaiz@talktotucker.com License #RB14030445 Listed on: 10/07/2024

F.C. Tucker Company

Last Buyer's Agent

Ed Neu

Neu Real Estate Group

Property Details

Property Type

  • Land

Lot Details

  • 5,200 Sq Ft Lot
  • Mature Trees

Location

  • Property is near bus stop
  • City Lot

Utilities

  • Municipal Utilities District Sewer

Community Details

  • No Home Owners Association
  • Heywood Park Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 490625116046004101
  • Seller Concessions Not Offered

Property Details

Property Type

Land

Lot Details

5,200 Sq Ft Lot

Listing Details

  • Type: Not Applic
  • Property Sub Type: Residential Lots
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2024
  • Lot Size Acres: 0.12
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Heywood Park
  • Transaction Type: Sale
  • MBR_AttributionContact: ebaiz@talktotucker.com
  • Attribution Contact: ebaiz@talktotucker.com
  • Special Features: None

Exterior Features

  • Other Structures: Not Applicable
  • Topography: Level
  • View Y N: No
  • Waterfront: No
  • Road Access: Frontage Road
  • Water: Municipal Water on Site

Utilities

  • Sewer: Municipal Sewer On Site
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Busline, City Lot, Curbs, Sidewalks, Storm Sewer, Street Lights, Mature Trees, Zoned
  • Additional Parcels: No
  • Development Status: Finished Lot(s)
  • Horse Amenities: None
  • Lot Size Sq Ft: 5200
  • Number Of Lots: 1
  • Parcel Number: 490625116046004101
  • Zoning: Residential
  • Acres: <1/4 Acre
  • Land Characteristics: City
  • Present Zoning: Single Family
  • Soil Type: Not Applic
  • Divisible: No

Tax Info

  • Tax Lot: 2
  • Semi Annual Property Tax Amt: 0
  • Tax Exemption: Other Tax Exemption/See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2025
Sold by
Keen Development Group Llc
Bought by
Max Real Estate Property Management Llc
Current Estimated Value
$74,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Outstanding Balance
$336,000
Interest Rate
6.24%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$261,634

Purchase Details

Listed on
Oct 7, 2024
Closed on
Dec 13, 2024
Sold by
Mapleton-Fall Creek Development Corporat
Bought by
Keen Development Group Llc
Seller's Agent
Eric Baiz
F.C. Tucker Company
Buyer's Agent
Ed Neu
Neu Real Estate Group
List Price
$80,000
Sold Price
$70,000
Premium/Discount to List
-$10,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.26%
Original Mortgage
$320,000
Interest Rate
6%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 10, 2013
Sold by
Center Township
Bought by
Sparks Marjorie
Source: Public Records
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
Max Real Estate Property Management Llc -- None Listed On Document
Keen Development Group Llc -- Eagle Land Title
Sparks Marjorie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Max Real Estate Property Management Llc $336,000
Previous Owner Keen Development Group Llc $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2024 12/13/24 Sold $70,000 -12.5% --
10/10/2024 10/10/24 Pending -- -- --
10/07/2024 10/07/24 For Sale $80,000 -- --
Source: MIBOR Broker Listing Cooperative®

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 -- $31,300 $31,300 --
2023 $587 $31,300 $31,300 $0
2022 $323 $31,300 $31,300 $0
2021 $587 $19,800 $19,800 $0
2020 $586 $19,800 $19,800 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22005557

MIBOR Broker Listing Cooperative®

APN: 49-06-25-116-046.004-101

Your Personal Tour Guide

Ask me questions while you tour the home.