NOT LISTED FOR SALE

3101 E Michigan St Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $141,140 - $313,000

1 Bed
-- Bath
-- Sq Ft
3,964 Sq Ft Lot

Last Sold May 09, 2016

Last sale price $45,000

Est. 405% increase in value since last sale

Current estimated payment $1,401/month

102 Days on Market

About This Home

As of May 2016

2 Large 4 unit buildings. Located on bus line close to the zoo, downtown Indy and more!

Last Agent to Sell the Property

Charlene Gaard

No Limit Real Estate, LLC License #RB14033327 Listed on: 01/13/2016

Last Buyer's Agent

Andrew Heimer

Heimer Real Estate LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 3,964

Home Design

  • Aluminum Siding

Additional Features

  • 2-Story Property
  • 3,964 Sq Ft Lot

Community Details

  • Rhodes E Ohio St Subdivision

Listing and Financial Details

  • Tenant pays for electricity, insurance, sewer
  • The owner pays for inshazard, insurance, taxes
  • Assessor Parcel Number 491005139031000101

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Fourplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2014
  • Year Built: 1910
  • Lot Size Acres: 0.091
  • Structure Type: Quadruplex
  • Subdivision Name: RHODES E OHIO ST
  • Inspection Warranties: Other
  • Property Description: 2 Large 4 unit buildings. Located on bus line close to the zoo, downtown Indy and more!
  • Transaction Type: Sale
  • Unit Count: 8
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: InsHazard, Insurance, Taxes
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: ConnSome

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • List Price: 65000

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Parcel Number: 491005139031000101
  • Acres: <1/4 Acre
  • Lot Information: Access Street,Busline,Corner,Sidewalks
  • Lot Number: 1&2
  • Lot Size: 66x60

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity, Insurance, Sewer

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 2256
  • Semi Annual Property Tax Amt: 1128
  • Tax Exemption: None
  • Multiple Tax I D: 4910491005203080000101

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2016
Sold by
Bariy Investments Llc
Bought by
First Indy Investments Llc
Current Estimated Value
$227,070

Purchase Details

Listed on
Jan 13, 2016
Closed on
May 5, 2016
Sold by
Amazing Projects Llc
Bought by
Barly Investments Llc
Seller's Agent
Charlene Gaard
No Limit Real Estate, LLC
Buyer's Agent
Andrew Heimer
Heimer Real Estate LLC
List Price
$65,000
Sold Price
$45,000
Premium/Discount to List
-$20,000
-30.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.62%

Purchase Details

Closed on
May 13, 2013
Sold by
Gupta Pres Anupam
Bought by
Sarwari Member Zohra

Purchase Details

Closed on
May 15, 2010
Sold by
Stroup Kevin
Bought by
Gupta Anupam
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
First Indy Investments Llc -- None Available
Barly Investments Llc -- None Available
Amazing Projects Llc -- None Available
Sarwari Member Zohra $40,000 --
Gupta Anupam $62,800 --
Deep Capital Inc -- None Available
Provident Housing Inc -- Legacy Title & Escrow Servic
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2016 05/09/16 Sold $45,000 -30.8% --
04/25/2016 04/25/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $65,000 +44.4% --
04/08/2016 04/08/16 Off Market $45,000 -- --
03/16/2016 03/16/16 Price Changed $65,000 -7.1% --
03/08/2016 03/08/16 For Sale $70,000 +55.6% --
03/02/2016 03/02/16 Off Market $45,000 -- --
01/13/2016 01/13/16 For Sale $70,000 -- --
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 $2,558 $165,100 $5,500 $159,600
2023 $2,558 $99,300 $2,800 $96,500
2022 $2,044 $78,100 $2,800 $75,300
2021 $1,792 $69,100 $2,500 $66,600
2020 $1,795 $69,100 $2,500 $66,600
2019 $1,756 $66,200 $2,500 $63,700
2018 $1,767 $66,200 $2,500 $63,700
2017 $1,540 $63,700 $2,500 $61,200
2016 $1,568 $60,300 $2,500 $57,800
2014 $1,293 $59,800 $2,500 $57,300
2013 $1,243 $59,800 $2,500 $57,300
Source: Public Records

Agents Affiliated with this Home

  • Charlene Gaard

    Seller's Agent in 2016

    Charlene Gaard

    No Limit Real Estate, LLC

    (317) 440-2149

    44 in this area

    270 Total Sales

    Charlene Gaard
    Section Image

  • A

    Buyer's Agent in 2016

    Andrew Heimer

    Heimer Real Estate LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21394338

MIBOR Broker Listing Cooperative®

APN: 49-10-05-203-080.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

3101 E Michigan St, Indianapolis, IN

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