$68,000
SOLD AUG 5, 2016

3117 N New Jersey St Indianapolis, IN 46205

Mapleton-Fall Creek Neighborhood
-- Bed
-- Bath
1,121 Sq Ft
40 Sq Ft Lot

Recently Sold

$61 Per Sq Ft

15% Below List Price

324 Days on Market

About This Home

As of February 2023

What a great investment property. Has 3 units, 1 studio, 1 bedroom + 1 bath, and 1 bedroom + 1 bath + den. Currently the tenants pay electric and the owner pays water and trash.

Last Agent to Sell the Property

Jim Gilday

Keller Williams Indpls Metro N Listed on: 07/20/2015

Keller Williams Indpls Metro N

Last Buyer's Agent

Erin Donlan

Highgarden Real Estate

Highgarden Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $820

Year Built

  • Built in 1910

Lot Details

  • 40 Sq Ft Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1,121 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Community Details

  • Osgoods 1St Central Ave Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water
  • Tax Lot 51
  • Assessor Parcel Number 490624116033000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$820

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2014
  • Year Built: 1910
  • Building Area Total: 1121
  • Lot Size Acres: 0.123
  • Structure Type: Duplex
  • Subdivision Name: Osgoods 1st Central Ave Add
  • Inspection Warranties: General
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: JIM@THEGILDAYGROUP.COM
  • Special Features: None

Interior Features

  • Levels: Two
  • Living Area: 1121
  • Owner Pays: Trash Collection, Water
  • Main Level Sq Ft: 1121
  • SqFt Total: 1897

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Other
  • List Price: 79900

Garage/Parking

  • Unit Parking: Guest Parking,On Street

Utilities

  • Utilities: Cable Available, Gas Nearby, Sewer Connected, Water Connected
  • Laundry Features: Other
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 8548

Lot Info

  • Lot Features: Other
  • Additional Parcels: No
  • Lot Size Sq Ft: 40
  • Parcel Number: 490624116033000101
  • Acres: <1/4 Acre

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Net Operating Income: 10052
  • Gross Income: 18600
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 820
  • Tax Lot: 51
  • Semi Annual Property Tax Amt: 410
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2024
Sold by
Harmon Ben
Bought by
Barker Justin
Current Estimated Value
$239,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Outstanding Balance
$171,936
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$67,876

Purchase Details

Closed on
Feb 12, 2024
Sold by
Harmon Ben
Bought by
Barker Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Outstanding Balance
$171,936
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$67,876

Purchase Details

Listed on
Jan 31, 2023
Closed on
Feb 9, 2023
Sold by
Miranda Paul
Bought by
Harmon Ben
Seller's Agent
Erin Donlan
Encore Sotheby's International
Buyer's Agent
Gillian Brown
Highgarden Real Estate
List Price
$80,000
Sold Price
$74,320
Premium/Discount to List
-$5,680
-7.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.59%

Purchase Details

Listed on
Jul 20, 2015
Closed on
Aug 5, 2016
Sold by
Kay Brad
Bought by
Miranda Paul
Seller's Agent
Jim Gilday
Keller Williams Indpls Metro N
Buyer's Agent
Erin Donlan
Highgarden Real Estate
List Price
$79,900
Sold Price
$68,000
Premium/Discount to List
-$11,900
-14.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.37%
Original Mortgage
$51,000
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2012
Sold by
Fike Pension Plan
Bought by
Kay Brad

Purchase Details

Closed on
May 31, 2011
Sold by
Kisenko Eleanor E
Bought by
Finke Pension Plan
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 Type Sale Price Title Company
Warranty Deed $250,000 Atlantis Title Services
Warranty Deed -- Atlantis Title Services
Warranty Deed -- Ata National Title Group
Warranty Deed -- Fidelity National Title
Deed $10,000 --
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $3,123 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $175,000 New Conventional
Closed $175,000 New Conventional
Previous Owner $51,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2023 02/09/23 Sold $74,320 -7.1% $39 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
01/31/2023 01/31/23 For Sale $80,000 +17.6% $42 / Sq Ft
08/05/2016 08/05/16 Sold $68,000 -14.9% $61 / Sq Ft
06/10/2016 06/10/16 For Sale $79,900 +17.5% $71 / Sq Ft
06/09/2016 06/09/16 Off Market $68,000 -- --
06/09/2016 06/09/16 Pending -- -- --
02/25/2016 02/25/16 Price Changed $79,900 -11.1% $71 / Sq Ft
02/01/2016 02/01/16 Price Changed $89,900 -10.0% $80 / Sq Ft
07/20/2015 07/20/15 For Sale $99,900 -- $89 / 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 $2,211 $198,600 $29,900 $168,700
2023 $2,211 $87,600 $29,900 $57,700
2022 $1,801 $84,100 $29,900 $54,200
2021 $1,628 $64,900 $12,100 $52,800
2020 $1,287 $50,000 $3,400 $46,600
2019 $1,214 $46,000 $3,400 $42,600
2018 $1,194 $44,800 $3,400 $41,400
2017 $1,014 $41,800 $3,400 $38,400
2016 $964 $40,400 $3,400 $37,000
2014 $822 $38,000 $3,400 $34,600
2013 $686 $33,000 $3,400 $29,600
Source: Public Records

Agents Affiliated with this Home

  • Erin Donlan

    Seller's Agent in 2023

    Erin Donlan

    Encore Sotheby's International

    (317) 385-9695

    1 in this area

    44 Total Sales

    Erin Donlan
    Section Image
  • Gillian Brown

    Buyer's Agent in 2023

    Gillian Brown

    Highgarden Real Estate

    (315) 430-4165

    1 in this area

    40 Total Sales

    Gillian Brown
    Section Image

  • J

    Seller's Agent in 2016

    Jim Gilday

    Keller Williams Indpls Metro N

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21366240

MIBOR Broker Listing Cooperative®

APN: 49-06-24-116-033.000-101

Indiana Marion County Indianapolis 46205 Mapleton-Fall Creek

3117 N New Jersey St, Indianapolis, IN

This home is located at 3117 N New Jersey St, Indianapolis, IN 46205 and is currently priced at $68,000, approximately $60 per square foot. This property was built in 1910. 3117 N New Jersey St 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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