2861 S Roena St Indianapolis, IN 46241
Mars Hill Neighborhood
--
Bed
--
Bath
--
Sq Ft
10,411
Sq Ft Lot
About This Home
As of September 2024GREAT INVESTMENT OPPORTUNITY!!..Bring your Cash/Conv Buyers for a quick close. This 4-Plex sits on .24 acres (lot size 10411) which would allow for expansion to 9 units. The 4-Plex has 2 1-bdrm Units in front- housing 2 long term tenants- and 2 2-bdrm Vacant, move-in ready Units in rear- one was used as an AIRBNB and is ready for additional money making opportunities, or an owner can live in one unit and rent out the other 3 units. Rents are currently below market. The units have separate Gas Meters and share electrical and water. The sale Includes 2851 S Roena- An Empty Lot in front that has already been permitted for a 3-bdrm house. There is also on-site Laundry with a coin-operated washer and dryer. Currently, taxes are $2518 per half. For Viewing- there will be a combination lock box on each vacant unit to access by this weekend 8/4/2024. We must give 48 hours notice to view 2 occupied tenant units, PLEASE DO NOT DISTURB THE TENANTS. Hurry in, this one will not last long! (Note: Video tours and additional photos are being processed and labeled for publishing on here soon).
Last Agent to Sell the Property
PGI Real Estate Services, LLC Brokerage Email: d_g_i@msn.com License #RB14037788 Listed on: 06/07/2024
Last Buyer's Agent
Sarah Skidmore
@properties
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,036
Year Built
- Built in 1939
Home Design
- Quadruplex
Additional Features
- 2-Story Property
- 10,411 Sq Ft Lot
- Window Unit Cooling System
Community Details
- Marshill Subdivision
Listing and Financial Details
- Tenant pays for gas
- The owner pays for electricity, water
- Tax Lot 900
- Assessor Parcel Number 491120108006000900
- Seller Concessions Not Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 18, 2022
Sold by
28 Roena Llc
Bought by
Allensworth James Darius
Current Estimated Value
Purchase Details
Closed on
Sep 11, 2018
Sold by
Sharon K Mcdonough
Bought by
Costas David and Omar Jasmine Abu
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
4.54%
Purchase Details
Closed on
Sep 5, 2018
Sold by
Sharon K Mcdonough Living Trust
Bought by
Costas Tx David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
4.54%
Purchase Details
Closed on
Mar 26, 2018
Sold by
Mcdonough Sharon K
Bought by
Mcdonough Trust
Purchase Details
Closed on
Dec 11, 2017
Sold by
Trt Mcdonough
Bought by
Mcdonough Sharon K
Purchase Details
Closed on
Apr 26, 2007
Sold by
Mcdounough John L and Mcdounough Sharon K
Bought by
Mcdonough John L and Mcdonough Sharon K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
6.2%
Mortgage Type
New Conventional
Similar Homes in Indianapolis, IN
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $163,000 | Drake Andrew R | |
| Deed | -- | -- | |
| Deed | $160,000 | -- | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Deed | -- | -- | |
| Warranty Deed | -- | None Available | |
| Trustee Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $294,566 | FHA | |
| Previous Owner | $112,500 | No Value Available | |
| Previous Owner | -- | No Value Available | |
| Previous Owner | $112,500 | New Conventional | |
| Previous Owner | $77,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2024 09/18/24 | Sold | $300,000 | 0.0% | -- |
| 08/03/2024 08/03/24 | Pending | -- | -- | -- |
| 07/29/2024 07/29/24 | For Sale | $300,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $4,520 | $405,600 | $22,500 | $383,100 |
| 2023 | $4,520 | $219,000 | $7,400 | $211,600 |
| 2022 | $5,272 | $219,000 | $7,400 | $211,600 |
| 2021 | $4,172 | $145,900 | $7,400 | $138,500 |
| 2020 | $3,682 | $127,900 | $7,400 | $120,500 |
| 2019 | $3,638 | $126,400 | $7,400 | $119,000 |
| 2018 | $2,111 | $80,400 | $7,400 | $73,000 |
| 2017 | $2,132 | $81,900 | $7,400 | $74,500 |
| 2016 | $1,924 | $73,200 | $7,400 | $65,800 |
| 2014 | $1,326 | $66,300 | $7,400 | $58,900 |
| 2013 | $1,394 | $68,400 | $7,400 | $61,000 |
Source: Public Records
Agents Affiliated with this Home
-
Desi Jones
D
Seller's Agent in 2024
Desi Jones
PGI Real Estate Services, LLC
(317) 414-3634
1 in this area
5 Total Sales
-
S
Buyer's Agent in 2024
Sarah Skidmore
@properties
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21993054
APN: 49-11-20-108-006.000-900
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