NOT LISTED FOR SALE

3119 E Michigan St Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $162,000 - $167,000

1 Bed
1 Bath
881 Sq Ft
$187/Sq Ft Est. Value

Last Sold December 17, 2019

Last sale price $96,000 $109 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $1,132/month

198 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Combination Kitchen and Dining Room
  • Patio

About This Home

As of December 2019

This charming duplex offers 1 bedroom, 1 bathroom, and 800 square feet. Completely renovated in the last 2 years. Located on E Michigan Street, near Dearborn Street, you're a mere 5 minutes away from Willard Park! Both units are tenant occupied an income producing $1200 Monthly.
The renovations on this duplex home are first class. Makes it easy to rent and the largest reason one of the tenants in now in his 3rd year of leasing. Very well maintained and investor buyer can sit back and enjoy solid rental income.

Last Agent to Sell the Property

Geri Neu

Neu Real Estate Group Listed on: 05/17/2019

Last Buyer's Agent

Elizabeth Williams

@properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,338

Year Built

  • Built in 1900

Lot Details

  • 4,530

Home Design

  • Ranch Style House
  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 881 Sq Ft Home
  • Combination Kitchen and Dining Room
  • Attic Access Panel
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Patio
  • 4,530 Sq Ft Lot

Community Details

  • Rhodes E Ohio St Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491005203075000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,338

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch, TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1900
  • Garage Y N: No
  • Lot Size Acres: 0.104
  • Subdivision Name: RHODES E OHIO ST
  • Inspection Warranties: SeeRemarks
  • Property Description: This charming duplex offers 1 bedroom, 1 bathroom, and 800 square feet. Completely renovated in the last 2 years. Located on E Michigan Street, near Dearborn Street, you're a mere 5 minutes away from Willard Park! Both units are tenant occupied an income producing $1200 Monthly. The renovations on this duplex home are first class. Makes it easy to rent and the largest reason one of the tenants in now in his 3rd year of leasing. Very well maintained and investor buyer can sit back and enjoy solid rental income.
  • Transaction Type: Sale
  • Website: www.Neurealestategroup.com
  • Lifestyles: Double/Duplex
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: None
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Attic Access
  • Living Area: 881
  • Other Equipment: Smoke Detector
  • Room Count: 2
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 881
  • Main Level Sq Ft: 881
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 881
  • Below Grade Sq Ft: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 95000
  • Association Maintained Building Exterior: 0
  • Porch: Open Patio

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: None
  • Garage Parking Other: Assigned Parking Outside

Utilities

  • Sewer: Sewer Connected
  • Cooling: Other
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Management Company Name: none
  • Management Company Phone: 317-955-5555

Fee Information

  • Association Fee Includes: See Remarks
  • Mandatory Fee: 0

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491005203075000101
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks
  • Lot Number: 5
  • Lot Size: 4,530

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1338
  • Semi Annual Property Tax Amt: 669
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2019
Closed on
Dec 17, 2019
Sold by
Dsm Properties Llc
Bought by
Williams Roger and Williams Carmen
Seller's Agent
Geri Neu
Neu Real Estate Group
Buyer's Agent
Elizabeth Williams
@properties
List Price
$95,000
Sold Price
$96,000
Premium/Discount to List
$1,000
1.05%
Current Estimated Value
$164,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,500
Avg. Annual Appreciation
8.67%
Original Mortgage
$72,000
Outstanding Balance
$64,157
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$90,058

Purchase Details

Closed on
May 27, 2016
Sold by
Boen Development Llc
Bought by
Dsm Properties Llc

Purchase Details

Closed on
Nov 20, 2015
Sold by
Laurel Hall Ventures Llc
Bought by
Boen Development Llc

Purchase Details

Closed on
Jul 28, 2014
Sold by
Allen Pamela T
Bought by
Ting Jonathan

Purchase Details

Closed on
Aug 16, 2010
Sold by
Simple Dynamics Llc
Bought by
Allen Pamela T

Purchase Details

Closed on
Jan 26, 2010
Sold by
Mccullough R E Inc
Bought by
Simple Dynamics Llc

Purchase Details

Closed on
Apr 28, 2008
Sold by
Mccullough James F
Bought by
Mccullough Ii James F
Source: Public Records

Range of Values:

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Average Value
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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
Williams Roger -- Eagle Land Title Llc
Dsm Properties Llc -- None Available
Boen Development Llc -- Hamilton National Title Llc
Ting Jonathan $6,000 Mtc
Laurel Hall Ventures Llc -- Mtc
Allen Pamela T -- Title Express Inc
Simple Dynamics Llc -- Title Express Inc
Mccullough R E Inc -- Title Express Inc
Mccullough Ii James F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Roger $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2019 12/17/19 Sold $96,000 0.0% $109 / Sq Ft
12/02/2019 12/02/19 Pending -- -- --
05/24/2019 05/24/19 Off Market $96,000 -- --
05/17/2019 05/17/19 For Sale $95,000 -- $108 / 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 $2,814 $125,600 $6,600 $119,000
2023 $2,814 $112,800 $6,600 $106,200
2022 $2,108 $117,400 $6,600 $110,800
2021 $2,108 $85,600 $6,600 $79,000
2020 $1,765 $76,200 $2,200 $74,000
2019 $1,393 $59,000 $2,200 $56,800
2018 $1,465 $56,200 $2,200 $54,000
2017 $1,296 $55,200 $2,200 $53,000
2016 $1,031 $50,200 $2,200 $48,000
2014 $925 $42,800 $2,200 $40,600
2013 $1,030 $46,200 $2,200 $44,000
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2019

    Geri Neu

    Neu Real Estate Group

    Section Image

  • E

    Buyer's Agent in 2019

    Elizabeth Williams

    @properties

    Section Image

  • E

    Buyer's Agent in 2019

    Elizabeth Shackleton

    @properties

    (317) 308-1316

    7 in this area

    21 Total Sales

    Elizabeth Shackleton
    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21641437

MIBOR Broker Listing Cooperative®

APN: 49-10-05-203-075.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

3119 E Michigan St, Indianapolis, IN

This home is located at 3119 E Michigan St, Indianapolis, IN 46201 since 17 May 2019 and is currently estimated at $164,500, approximately $186 per square foot. This property was built in 1900. 3119 E Michigan St is a home located in Marion County with nearby schools including Thomas D. Gregg School No. 15, Arlington Community 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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