NOT LISTED FOR SALE

3038 N College Ave Indianapolis, IN 46205

Mapleton-Fall Creek Neighborhood

Estimated Value: $289,301 - $320,000

3 Beds
-- Bath
1,380 Sq Ft
$222/Sq Ft Est. Value

Last Sold May 10, 2020

Last sale price $850 $1 Per Sq Ft

Est. 35,912% increase in value since last sale

Current estimated payment $2,130/month

About This Home

As of May 2020

Large 3 Bedroom with original hardwood floors. Large 2-3 Car Off-Street Parking option.

Last Agent to Sell the Property

Joel Mathews

@properties Listed on: 05/09/2020

@properties

Last Buyer's Agent

Joel Mathews

@properties Listed on: 05/09/2020

@properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 6,534

Parking

  • Alley Access

Additional Features

  • 2-Story Property
  • 6,534 Sq Ft Lot
  • Basement

Community Details

  • Mapleton Fall Creek Subdivision

Listing and Financial Details

  • Tenant pays for lawncare, all utilities
  • Tax Lot 3038
  • Assessor Parcel Number 490624138078000101

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: Multi-Level
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1915
  • Lot Size Acres: 0.15
  • Structure Type: Duplex
  • Subdivision Name: Mapleton-Fall Creek
  • Inspection Warranties: Not Applicable
  • Transaction Type: Lease
  • Conversion: No
  • MBR_AttributionContact: joel@atpropertiesind.com
  • Multi Rooms: 6
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Amenities: A/C, Stainless Steel Appliances, W/D
  • SqFt Total: 0

Exterior Features

  • Construction Materials: Wood Brick
  • Disclosures: Not Applicable
  • List Price: 850

Garage/Parking

  • Parking Features: Alley Access
  • Unit Parking: Guest Parking,2 Car Space,Other

Utilities

  • Laundry Features: Other
  • Solid Waste: Yes

Fee Information

  • Expenses: 1063

Lot Info

  • Lot Features: Access, Sidewalks
  • Additional Parcels: No
  • Lot Size Sq Ft: 6534
  • Parcel Number: 490624138078000101
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Lease Amount: 850
  • Tenant Pays: Lawncare, All Utilities

Multi Family

  • Gross Income: 1950
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2686
  • Tax Lot: 3038
  • Semi Annual Property Tax Amt: 1343
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2021
Sold by
Mathews Joel
Bought by
Reina Properties Llc
Current Estimated Value
$306,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$922,500
Outstanding Balance
$242,856
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$63,244

Purchase Details

Listed on
Oct 4, 2017
Closed on
Apr 16, 2018
Bought by
Joel Mathews
Seller's Agent
Sumer Sharp-Bryan
Coldwell Banker - Kaiser
Buyer's Agent
Phil Kirk
@properties
List Price
$169,900
Sold Price
$159,000
Premium/Discount to List
-$10,900
-6.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.14%
Original Mortgage
$151,050
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2014
Sold by
Renew Indianapolis Inc
Bought by
Leading Properties Llc

Purchase Details

Closed on
Aug 11, 2014
Sold by
Carlisle Marion
Bought by
City Of Indianapolis

Purchase Details

Closed on
Aug 19, 2011
Sold by
Carlisle Marion E
Bought by
City Of Indianapolis Department Of Metro

Purchase Details

Closed on
Sep 15, 2005
Sold by
Cowen Neil L and Cowen Mary Lou
Bought by
Carlisle Marion E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
10.15%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Reina Properties Llc -- None Available
Joel Mathews $159,000 --
Mathews Joel $159,000 First American Title
Leading Properties Llc -- None Available
Renew Indianapolis Inc -- None Available
City Of Indianapolis -- City Of Indianapolis
City Of Indianapolis Department Of Metro $13,338 None Available
Carlisle Marion E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reina Properties Llc $922,500
Closed Reina Properties Llc $922,500
Previous Owner Mathews Joel $151,050
Previous Owner Carlisle Marion E $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2020 05/10/20 Sold $850 0.0% $1 / Sq Ft
05/09/2020 05/09/20 For Sale $850 -99.5% $1 / Sq Ft
04/16/2018 04/16/18 Sold $159,000 -6.4% $115 / Sq Ft View Prior Sale
10/04/2017 10/04/17 For Sale $169,900 -- $123 / 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 $6,081 $257,900 $31,900 $226,000
2023 $6,081 $251,300 $31,900 $219,400
2022 $5,605 $231,500 $31,900 $199,600
2021 $3,194 $191,000 $7,800 $183,200
2020 $2,763 $170,400 $7,800 $162,600
2019 $2,735 $166,800 $7,800 $159,000
2018 $191 $18,300 $7,800 $10,500
2017 $417 $17,500 $7,800 $9,700
2016 $401 $17,200 $7,800 $9,400
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Joel Mathews

    @properties

    Section Image
  • Sumer Sharp-Bryan

    Seller's Agent in 2018

    Sumer Sharp-Bryan

    Coldwell Banker - Kaiser

    (317) 514-6661

    79 Total Sales

    Sumer Sharp-Bryan
    Section Image

  • P

    Buyer's Agent in 2018

    Phil Kirk

    @properties

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21709300

MIBOR Broker Listing Cooperative®

APN: 49-06-24-138-078.000-101

Indiana Marion County Indianapolis 46205 Mapleton-Fall Creek

3038 N College Ave, Indianapolis, IN

This home is located at 3038 N College Ave, Indianapolis, IN 46205 since 09 May 2020 and is currently estimated at $306,100, approximately $221 per square foot. This property was built in 1915. 3038 N College Ave is a home located in Marion County with nearby schools including Elder W. Diggs School 42, Northwest 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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