NOT LISTED FOR SALE

2823 N Chester Ave Indianapolis, IN 46218

Martindale-Brightwood Neighborhood

Estimated Value: $76,000 - $107,334

2 Beds
1 Bath
959 Sq Ft
$100/Sq Ft Est. Value

Last Sold January 29, 2024

Last sale price $89,900 $94 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $639/month

43 Days on Market

Highlights

  • Wood Flooring
  • Woodwork
  • Forced Air Heating System
  • No HOA
  • 1-Story Property
  • Family or Dining Combination

About This Home

As of January 2024

Step into the timeless allure of a 1927 cottage-style home in the historic Martindale-Brightwood district of Indianapolis. This 2-bed, 1-bath residence is a canvas for restoration enthusiasts seeking a prime investment opportunity. Original hardwood floors and vintage details evoke the charm of yesteryear, while a thoughtful renovation can seamlessly blend historic character with modern comforts. With a spacious layout, this property invites creativity and customization. The generous lot provides space for outdoor enhancements, and its location near local amenities adds to its appeal. Investors and renovators will find potential for a significant return on investment in this sought-after district. Embrace the chance to contribute to the revival of this historic gem and leave your mark on the Martindale-Brightwood community. Uncover the hidden potential of this 1927 cottage and be part of the resurgence of interest in classic homes in one of Indianapolis's most cherished neighborhoods.

Last Agent to Sell the Property

Terry Young

Red Bridge Real Estate Brokerage Email: terry@redbridgerealestate.com Listed on: 11/27/2023

Last Buyer's Agent

Luis Coronel

Coronel Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,004

Year Built

  • Built in 1927

Lot Details

  • 7,231 Sq Ft Lot

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Woodwork
  • Family or Dining Combination
  • Wood Flooring
  • Gas Oven
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Brightwood Subdivision

Listing and Financial Details

  • Tax Lot 3,5
  • Assessor Parcel Number 490728100006000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,004

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Other
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1927
  • Building Area Total: 1343
  • Garage Y N: No
  • Lot Size Acres: 0.17
  • Subdivision Name: Brightwood
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: terry@redbridgerealestate.com
  • Attribution Contact: terry@redbridgerealestate.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Appliances: Gas Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 57
  • Interior Amenities: Hardwood Floors, WoodWorkStain/Painted
  • Living Area: 959
  • Main Level Bedrooms: 2
  • Eating Area: Dining Combo/Great Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 902
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Vinyl Siding, Wood
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 89900

Garage/Parking

  • Garage Sq Ft: 0

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 7231
  • Parcel Number: 490728100006000101
  • Acres: <1/4 Acre
  • Price Acre: 528824

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 1004
  • Tax Lot: 3,5
  • Semi Annual Property Tax Amt: 502

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2023
Closed on
Jan 26, 2024
Sold by
Simple Notes Inc
Bought by
Romo Irvin Oswaldo Ibar and Herrera Alejandra Jocelyn
Seller's Agent
Terry Young
Red Bridge Real Estate
Buyer's Agent
Luis Coronel
Coronel Realty Group
List Price
$94,900
Sold Price
$89,900
Premium/Discount to List
-$5,000
-5.27%
Views
125
Current Estimated Value
$95,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,934
Avg. Annual Appreciation
8.32%
Original Mortgage
$67,400
Outstanding Balance
$61,627
Interest Rate
6.61%
Mortgage Type
Seller Take Back
Estimated Equity
$40,285

Purchase Details

Listed on
Sep 20, 2023
Closed on
Nov 10, 2023
Sold by
Akram Abid
Bought by
Simple Quarters Llc
Seller's Agent
Kathy Zamora
Zamora Homes LLC
Buyer's Agent
Kathy Zamora
Zamora Homes LLC
List Price
$136,000
Sold Price
$66,000
Premium/Discount to List
-$70,000
-51.47%
Views
125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
335.63%

Purchase Details

Closed on
Apr 2, 2020
Sold by
Invictus Real Estate Llc
Bought by
Akram Abid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,800
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2018
Sold by
Staten Walter S
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
Romo Irvin Oswaldo Ibar $89,900 None Listed On Document
Simple Notes Inc $89,900 None Listed On Document
Simple Quarters Llc $66,000 None Listed On Document
Akram Abid $69,000 Monument Title
Invictus Real Estate Llc $69,000 Monument Title
-- $16,000 --
Indy Jax Properties Llc $16,000 Monument Title Insurance Compa
Williams Way Investments Inc $16,000 Monument Title Insurance Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romo Irvin Oswaldo Ibar $67,400
Previous Owner Akram Abid $52,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2024 01/29/24 Sold $89,900 0.0% $94 / Sq Ft
01/10/2024 01/10/24 Pending -- -- --
12/19/2023 12/19/23 Price Changed $89,900 -5.3% $94 / Sq Ft
11/27/2023 11/27/23 For Sale $94,900 -- $99 / 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 $1,388 $42,200 $4,100 $38,100
2023 $1,388 $54,800 $4,100 $50,700
2022 $1,380 $54,800 $4,100 $50,700
2021 $1,056 $43,500 $4,100 $39,400
2020 $789 $31,900 $2,700 $29,200
2019 $618 $24,100 $2,700 $21,400
2018 $592 $22,900 $2,700 $20,200
2017 $465 $19,800 $2,700 $17,100
2016 $390 $16,700 $2,700 $14,000
2014 $350 $16,200 $2,700 $13,500
2013 $393 $17,800 $2,700 $15,100
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Terry Young

    Red Bridge Real Estate

    (765) 335-1905

    22 in this area

    289 Total Sales

    Terry Young
    Section Image

  • L

    Buyer's Agent in 2024

    Luis Coronel

    Coronel Realty Group

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21954659

MIBOR Broker Listing Cooperative®

APN: 49-07-28-100-006.000-101

Indiana Marion County Indianapolis 46218 Martindale-Brightwood

2823 N Chester Ave, Indianapolis, IN

This home is located at 2823 N Chester Ave, Indianapolis, IN 46218 since 27 November 2023 and is currently estimated at $95,834, approximately $99 per square foot. This property was built in 1927. 2823 N Chester Ave is a home located in Marion County with nearby schools including James Russell Lowell School 51, 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.

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