NOT LISTED FOR SALE

2938 N College Ave Indianapolis, IN 46205

Mapleton-Fall Creek Neighborhood

Estimated Value: $326,000 - $336,000

6 Beds
-- Bath
1,452 Sq Ft
$228/Sq Ft Est. Value

Last Sold November 30, 2016

Last sale price $86,000 $59 Per Sq Ft

Est. 285% increase in value since last sale

Current estimated payment $2,154/month

48 Days on Market

About This Home

As of November 2016

This duplex has brand new siding, new roof in the last 2 years, upgrades and tenants with leases. Built in a townhome style bedrooms are all upstairs, laundry access per each side. Units are 3 bedrooms, with 1 or 2 bathrooms. Great quiet location across from a senior center and off the newly renovation Fall Creek Parkway. Duplex offers parking in the front and the back of the units. Close to everything including the bus line. Professionally managed and turn key with a 12 cap.

Last Agent to Sell the Property

Lynn S. Fischer

Fischer & Associates, Inc. License #RB14027224 Listed on: 10/07/2016

Last Buyer's Agent

Virginia Aguirre

Values Driven Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,398

Year Built

  • Built in 1910

Lot Details

  • 4,748

Home Design

  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Basement

Eco-Friendly Details

  • Energy-Efficient Lighting
  • Energy-Efficient Insulation

Community Details

  • Flemings North Park Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • The owner pays for insurance, lawncare, taxes, sewer, water
  • Assessor Parcel Number 490625142049000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,398

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Doub-Duplx, TradAmer
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2012
  • Year Built: 1910
  • Green Energy Efficient: Lighting, Insulation
  • Subdivision Name: FLEMINGS NORTH PARK
  • Inspection Warranties: LeadBasePaint
  • Property Description: This duplex has brand new siding, new roof in the last 2 years, upgrades and tenants with leases. Built in a townhome style bedrooms are all upstairs, laundry access per each side. Units are 3 bedrooms, with 1 or 2 bathrooms. Great quiet location across from a senior center and off the newly renovation Fall Creek Parkway. Duplex offers parking in the front and the back of the units. Close to everything including the bus line. Professionally managed and turn key with a 12 cap.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: Insurance, Lawncare, Taxes, Sewer, Water
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: ConnSome

Exterior Features

  • Construction Materials: Wood Brick
  • Disclosures: Not Applicable
  • Foundation Details: Block, Full

Garage/Parking

  • Unit Parking: On Street,Parking Lot,2 Car Space
  • Auto Parking: 2
  • Auto Surface: gravel
  • Parking Spacesper Unit: 2.0000

Utilities

  • Solid Waste: 1
  • HVAC: Forced air furnace

Fee Information

  • Insurance Expenses: 1068

Lot Info

  • Current Use: Apt<20
  • Parcel Number: 490625142049000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Access Street,Busline,Sidewalks
  • Lot Number: 25
  • Lot Size: 0.00 AC

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Net Operating Income: 9675

Tax Info

  • Tax Annual Amount: 1398
  • Semi Annual Property Tax Amt: 699
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2021
Sold by
Mejias Wilgene Ismael
Bought by
Magic Grey Properties Llc
Current Estimated Value
$331,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$803,600
Outstanding Balance
$732,808
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
-$401,808

Purchase Details

Listed on
Oct 7, 2016
Closed on
Nov 28, 2016
Sold by
Member
Bought by
Jr
Seller's Agent
Lynn S. Fischer
Fischer & Associates, Inc.
Buyer's Agent
Virginia Aguirre
Values Driven Realty, Inc.
List Price
$89,900
Sold Price
$86,000
Premium/Discount to List
-$3,900
-4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.31%

Purchase Details

Listed on
Oct 20, 2015
Closed on
Nov 9, 2015
Sold by
Equity Trust Company
Bought by
Cfa Investments Llc
Seller's Agent
Lynn S. Fischer
Fischer & Associates, Inc.
Buyer's Agent
Lynn S. Fischer
Fischer & Associates, Inc.
List Price
$65,000
Sold Price
$65,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.23%

Purchase Details

Closed on
Dec 15, 2010
Sold by
Oprisu Rick
Bought by
Equity Trust Company and Heather Samarin Ira

Purchase Details

Closed on
Sep 29, 2005
Sold by
Mccord Investments Llc
Bought by
Opriau Rick

Purchase Details

Closed on
Jun 15, 2005
Sold by
Johnson Cornelious
Bought by
Mccord Investments
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
Magic Grey Properties Llc -- None Available
Jr $86,000 --
Mejias Wilgene Ismael -- Hamilton National Title
Cfa Investments Llc -- None Available
Cfa Investments Llc $65,000 None Available
Equity Trust Company -- None Available
Opriau Rick -- None Available
Mccord Investments $5,984 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magic Grey Properties Llc $803,600
Closed Cfa Investments Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2016 11/30/16 Sold $86,000 0.0% $59 / Sq Ft
10/20/2016 10/20/16 Off Market $86,000 -- --
10/07/2016 10/07/16 For Sale $89,900 +38.3% $62 / Sq Ft
11/19/2015 11/19/15 Sold $65,000 0.0% $45 / Sq Ft View Prior Sale
10/20/2015 10/20/15 Pending -- -- --
10/20/2015 10/20/15 For Sale $65,000 -- $45 / 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 $5,018 $206,500 $28,500 $178,000
2023 $5,018 $206,500 $28,500 $178,000
2022 $4,878 $201,100 $28,500 $172,600
2021 $3,830 $161,000 $19,600 $141,400
2020 $3,157 $131,400 $19,600 $111,800
2019 $3,215 $131,400 $19,600 $111,800
2018 $2,369 $94,800 $3,800 $91,000
2017 $1,926 $85,600 $3,800 $81,800
2016 $1,732 $78,200 $3,800 $74,400
2014 $1,673 $77,400 $3,800 $73,600
2013 $1,588 $76,400 $3,800 $72,600
Source: Public Records

Agents Affiliated with this Home

  • Lynn S. Fischer

    Seller's Agent in 2016

    Lynn S. Fischer

    Fischer & Associates, Inc.

    (317) 250-7364

    29 Total Sales

    Lynn S. Fischer
    Section Image

  • V

    Buyer's Agent in 2016

    Virginia Aguirre

    Values Driven Realty, Inc.

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21447348

MIBOR Broker Listing Cooperative®

APN: 49-06-25-142-049.000-101

Indiana Marion County Indianapolis 46205 Mapleton-Fall Creek

2938 N College Ave, Indianapolis, IN

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