NOT LISTED FOR SALE

2818 E Michigan St Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $80,000 - $148,000

2 Beds
-- Bath
700 Sq Ft
$156/Sq Ft Est. Value

Last Sold March 13, 2017

Last sale price $34,000 $49 Per Sq Ft

Est. 222% increase in value since last sale

Current estimated payment $753/month

2 Days on Market

Highlights

  • Bungalow
  • 1-Story Property
  • Partially Fenced Property

About This Home

As of March 2017

2 unit property perfectly suited for area renters

Last Agent to Sell the Property

Christopher Jones

Keller Williams Indy License #RB14035286 Listed on: 02/27/2017

Keller Williams Indy

Last Buyer's Agent

Marcia Souers

eXp Realty, LLC

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $570

Year Built

  • Built in 1920

Lot Details

  • 4,835

Home Design

  • Bungalow

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Community Details

  • Ardelle Subdivision

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for electricity gas lawncare sewer water
  • Assessor Parcel Number 491005194011000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$570

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1920
  • Subdivision Name: ARDELLE
  • Inspection Warranties: Other
  • Property Description: 2 unit property perfectly suited for area renters
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: Electricity,Gas,Lawncare,Sewer,Water
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Other

Exterior Features

  • Construction Materials: Other
  • Disclosures: Not Applicable
  • Exterior Features: Fence Partial

Garage/Parking

  • Unit Parking: Paved Area,1 Car Space

Utilities

  • Solid Waste: 1

Lot Info

  • Parcel Number: 491005194011000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Busline,Zoned
  • Lot Number: 5
  • Lot Size: 36 X 134

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV

Tax Info

  • Tax Annual Amount: 570
  • Semi Annual Property Tax Amt: 285
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2017
Closed on
Mar 13, 2017
Sold by
Signatory Michelle Fausett
Bought by
Medina Lenin and Figueroa Elsa M
Seller's Agent
Christopher Jones
Keller Williams Indy
Buyer's Agent
Marcia Souers
eXp Realty, LLC
List Price
$42,500
Sold Price
$34,000
Premium/Discount to List
-$8,500
-20%
Current Estimated Value
$109,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,508
Avg. Annual Appreciation
14.51%

Purchase Details

Closed on
Sep 5, 2012
Sold by
Entrust Group Inc
Bought by
Pensco Trust Company and Rodrick Williams Acct Wi1cv

Purchase Details

Closed on
Oct 3, 2011
Sold by
Seg Reo Program Llc
Bought by
01 The Entrust Group Inc and Rodrick Williams Ira #10606-Sc

Purchase Details

Closed on
Nov 20, 2009
Sold by
Go Invest Wisely Llc
Bought by
Seg Reo Program Llc

Purchase Details

Closed on
Jun 30, 2008
Sold by
Blue Spruce Entities Llc
Bought by
Go Invest Wisely Llc

Purchase Details

Closed on
Jun 12, 2008
Sold by
Laflower Geoffrey and Laflower Geoffrey W
Bought by
American Home Mortgage Servicing Inc

Purchase Details

Closed on
Aug 11, 2006
Sold by
Crawford Terri Dawn and Hildebrandt Loree
Bought by
Laflower Geoffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2006
Sold by
Crawford Terri Dawn and Hildebrandt Loree
Bought by
Crawford Terri Dawn and Laflower Geofrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.78%
Mortgage Type
New Conventional
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
Medina Lenin $34,000 --
Medina Lenin $34,000 Meridian Title Corporation
Pensco Trust Company -- None Available
01 The Entrust Group Inc -- None Available
Seg Reo Program Llc -- None Available
Go Invest Wisely Llc $4,000 None Available
Blue Spruce Entities Llc -- None Available
American Home Mortgage Servicing Inc $10,286 None Available
Laflower Geoffrey -- None Available
Crawford Terri Dawn -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Laflower Geoffrey $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2017 03/13/17 Sold $34,000 -20.0% $49 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $42,500 -- $61 / 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 $2,155 $90,400 $15,400 $75,000
2023 $2,155 $85,800 $15,400 $70,400
2022 $2,078 $83,000 $15,400 $67,600
2021 $1,800 $73,000 $15,400 $57,600
2020 $1,687 $67,900 $2,300 $65,600
2019 $1,598 $62,900 $2,300 $60,600
2018 $728 $25,900 $2,300 $23,600
2017 $646 $25,300 $2,300 $23,000
2016 $517 $19,700 $2,300 $17,400
2014 $352 $16,300 $2,300 $14,000
2013 $269 $16,300 $2,300 $14,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Christopher Jones

    Keller Williams Indy

    (317) 846-3277

    26 Total Sales

    Christopher Jones
    Section Image

  • M

    Buyer's Agent in 2017

    Marcia Souers

    eXp Realty, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21468859

MIBOR Broker Listing Cooperative®

APN: 49-10-05-194-011.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

2818 E Michigan St, Indianapolis, IN

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