NOT LISTED FOR SALE

3002 Villa Ave Indianapolis, IN 46237

University Heights Neighborhood

Estimated Value: $135,000 - $198,827

4 Beds
2 Baths
-- Sq Ft
7,126 Sq Ft Lot

Last Sold May 25, 2018

Last sale price $60,000

Est. 192% increase in value since last sale

Current estimated payment $1,230/month

105 Days on Market

About This Home

As of May 2018

Great multi-use building with 2 office spaces and 2 residential units. Two storefront style office spaces face Troy Ave on the main level. One studio apartment on the back and a 1/1 apartment upstairs! Four income streams from one building, which combine for a nearly a 20% cap rate when fully occupied. Properly managed, this property can pay for itself in 5 years! Very close to U Indy and Garfield Park.

Last Agent to Sell the Property

Glenn Bill

eXp Realty, LLC License #RB14015601 Listed on: 02/05/2018

eXp Realty, LLC

Co-Listed By

Nino Berticelli

eXp Realty, LLC License #RB15000418

Last Buyer's Agent

Glenn Bill

eXp Realty, LLC License #RB14015601 Listed on: 02/05/2018

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 7,126

Home Design

  • Quadruplex
  • Brick Foundation

Additional Features

  • 2-Story Property
  • 7,126 Sq Ft Lot

Community Details

  • Buena Ann Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for taxes
  • Assessor Parcel Number 491030128021000574

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

7,126 Sq Ft Lot

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Fourplex, Other
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2016
  • Year Built: 1947
  • Co List Office Phone: 317-705-2500
  • Lot Size Acres: 0.1636
  • Structure Type: Quadruplex
  • Subdivision Name: BUENA ANN
  • Inspection Warranties: Not Applicable
  • Property Description: Great multi-use building with 2 office spaces and 2 residential units. Two storefront style office spaces face Troy Ave on the main level. One studio apartment on the back and a 1/1 apartment upstairs! Four income streams from one building, which combine for a nearly a 20% cap rate when fully occupied. Properly managed, this property can pay for itself in 5 years! Very close to U Indy and Garfield Park.
  • Transaction Type: Sale
  • Unit Count: 3
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: Two
  • Owner Pays: Taxes
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Block
  • Disclosures: Not Applicable
  • Foundation Details: Brick
  • Road Access: AccessRd

Garage/Parking

  • Unit Parking: Parking Lot
  • Auto Surface: asphalt

Utilities

  • Solid Waste: 1

Lot Info

  • Parcel Number: 491030128021000574
  • Acres: <1/4 Acre
  • Lot Information: Access Street,Corner
  • Lot Number: 0
  • Lot Size: 7,126

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 2542
  • Semi Annual Property Tax Amt: 1271
  • Tax Exemption: None

MLS Schools

  • School District: Perry Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2023
Sold by
Briarwood Holdings Llc
Bought by
Pitman Gloria
Current Estimated Value
$175,276

Purchase Details

Closed on
Jan 6, 2023
Sold by
Briarwood Holdings Llc
Bought by
Pitman Gloria

Purchase Details

Listed on
Feb 5, 2018
Closed on
May 25, 2018
Seller's Agent
Glenn Bill
eXp Realty, LLC
Buyer's Agent
Glenn Bill
eXp Realty, LLC
List Price
$75,000
Sold Price
$60,000
Premium/Discount to List
-$15,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.69%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pitman Gloria -- None Listed On Document
Pitman Gloria $74,000 --
-- $60,000 --
Briarwood Holdings Llc $60,000 Enterprise Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2018 05/25/18 Sold $60,000 -13.0% --
05/22/2018 05/22/18 Pending -- -- --
05/11/2018 05/11/18 Price Changed $69,000 -8.0% --
02/05/2018 02/05/18 For Sale $75,000 -- --
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
2025 $3,813 $152,400 $16,400 $136,000
2024 $2,555 $149,800 $16,400 $133,400
2023 $2,555 $94,800 $16,400 $78,400
2022 $2,125 $77,700 $16,400 $61,300
2021 $2,018 $71,300 $14,900 $56,400
Source: Public Records

Agents Affiliated with this Home

  • Glenn Bill

    Seller's Agent in 2018

    Glenn Bill

    eXp Realty, LLC

    (317) 590-7757

    140 Total Sales

    Glenn Bill
    Section Image
  • Nino Berticelli

    Seller Co-Listing Agent in 2018

    Nino Berticelli

    eXp Realty, LLC

    (317) 331-4165

    111 Total Sales

    Nino Berticelli
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21544374

MIBOR Broker Listing Cooperative®

APN: 49-10-30-128-021.000-574

Indiana Marion County Indianapolis 46203 University Heights

3002 Villa Ave, Indianapolis, IN

Not Listed for Sale

MultiFamily

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.
Based on information submitted to the MLS GRID

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