NOT LISTED FOR SALE

3123 E Michigan St Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $172,000 - $245,000

1 Bed
1 Bath
600 Sq Ft
$348/Sq Ft Est. Value

Last Sold March 24, 2019

Last sale price $85,000 $142 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $1,398/month

Highlights

  • Wood Flooring
  • No HOA
  • Accessibility Features
  • Corner Lot
  • Accessible Entrance
  • 1-Story Property

About This Home

As of August 2023

Eye capturing 1 bedroom 1 bath spacious apartment located on the first floor with a separate entrance, patio and rear parking. Enjoy the latest upgrades with nice sanded, stained hardwood floors, ceiling fan, cherry oak trim, a complete kitchen with vinyl hardwood floors, appliances being placed at move in with a convenient storage pantry, finished with an updated bathroom with a fresh tiled bath surround and updated fixtures. This home is located relatively close to downtown, on the bus line for easy transit, and minutes to local grocers. Schedule your viewing today, in addition to monthly rent tenants pays $50 for water and sewer, electric is separate.

Last Agent to Rent the Property

Maxwell Richter

Wilmoth Group License #RB15000880 Listed on: 05/11/2023

Last Renter's Agent

Maxwell Richter

Wilmoth Group License #RB15000880 Listed on: 05/11/2023

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 5,619 Sq Ft Lot
  • Corner Lot

Home Design

  • Block Foundation
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 600 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector

Flooring

  • Wood
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Accessible Home Design

  • Accessibility Features
  • Accessible Entrance

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Rhodes E Ohio St Subdivision

Listing and Financial Details

  • Security Deposit $595
  • Property Available on 5/11/23
  • Tenant pays for insurance, all utilities
  • The owner pays for ins hazard, insurance, no utilities, not applic
  • $50 Application Fee
  • Tax Lot 6
  • Assessor Parcel Number 491005203076000101

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Rental Info

  • Available Date: 2023-05-11
  • Lease Amount: 595
  • Tenant Pays: Insurance, All Utilities
  • Min Lease Req: 12
  • Security Deposit: 595
  • Application Fee: 50

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Type: Residential Lease
  • New Construction: No
  • Accessibility Features: Accessible Entrance
  • Tax Year: 2021
  • Year Built: 1900
  • Building Area Total: 600
  • Garage Y N: No
  • Lot Size Acres: 0.129
  • Subdivision Name: Rhodes E Ohio St
  • Transaction Type: Lease
  • Accessibility Features YN: Yes
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: None, Electric Water Heater
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Living Area: 600
  • Other Equipment: Smoke Alarm
  • Owner Pays: Ins Hazard, Insurance, No Utilities, Not Applic
  • Eating Area: None
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 600
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0

Exterior Features

  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Other

Utilities

  • Cooling: None
  • Heating: Forced Air, Electric
  • Water Source: Public
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No
  • Pets Allowed: W/Approval

Lot Info

  • Lot Features: Corner Lot
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Lot Size Sq Ft: 5619
  • Parcel Number: 491005203076000101
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 1292
  • Tax Lot: 6
  • Semi Annual Property Tax Amt: 646
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2019
Sold by
Las Investments Llc
Bought by
Nishiguchi Mark
Current Estimated Value
$208,500

Purchase Details

Listed on
Jan 27, 2019
Closed on
Mar 18, 2019
Sold by
J & K Freedom Fund Llc
Bought by
Las Investments Llc
Seller's Agent
Charlene Gaard
No Limit Real Estate, LLC
Buyer's Agent
Brian Kirk
Neu Real Estate Group
List Price
$119,000
Sold Price
$85,000
Premium/Discount to List
-$34,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.52%

Purchase Details

Closed on
Dec 4, 2018
Sold by
Great Lakes Reserves Llc
Bought by
J & K Freedom Fund Llc

Purchase Details

Closed on
Mar 16, 2017

Purchase Details

Listed on
May 22, 2016
Closed on
Sep 19, 2016
Sold by
Oceanpointe Investments Limited
Bought by
Kcoc Llc
Seller's Agent
Gary Boehle
Titan Real Estate, LLC
Buyer's Agent
Gary Boehle
Titan Real Estate, LLC
List Price
$24,900
Sold Price
$22,000
Premium/Discount to List
-$2,900
-11.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.52%

Purchase Details

Listed on
May 22, 2016
Closed on
Aug 4, 2016
Sold by
Joiner Jimmie D
Bought by
Oceanpointe Investments Limited
Seller's Agent
Gary Boehle
Titan Real Estate, LLC
Buyer's Agent
Gary Boehle
Titan Real Estate, LLC
List Price
$24,900
Sold Price
$22,000
Premium/Discount to List
-$2,900
-11.65%

Purchase Details

Listed on
Jul 21, 2015
Closed on
Sep 30, 2015
Sold by
Reo Logic Indiana Holdings Llc
Bought by
Joiner Jimmie D
Seller's Agent
Todd Cook
Keller Williams Indy Metro S
Buyer's Agent
Gary Boehle
Titan Real Estate, LLC
List Price
$14,000
Sold Price
$12,000
Premium/Discount to List
-$2,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
105.77%

Purchase Details

Closed on
Jun 30, 2015
Sold by
Us Bank
Bought by
Reo Logic Indiana Holdings Llc

Purchase Details

Closed on
Jun 16, 2015
Sold by
Eikenberg David
Bought by
Us Bank and Tlcf 2012A Llc

Purchase Details

Closed on
Jan 26, 2010
Sold by
Mccullough R E Inc
Bought by
Dynamic Three 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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Nishiguchi Mark $175,000 Monument Title Insurance Compa
Las Investments Llc -- None Available
J & K Freedom Fund Llc -- None Available
-- $80,000 --
Kcoc Llc -- Attorney
Oceanpointe Investments Limited -- Mtc
Joiner Jimmie D $12,000 None Available
Reo Logic Indiana Holdings Llc -- None Available
Us Bank $6,332 None Available
Dynamic Three Llc -- Title Express Inc
Mccullough R E Inc -- Title Express Inc
Mccullough Ii James F -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2023 08/18/23 Rented $595 0.0% --
08/09/2023 08/09/23 Under Contract -- -- --
07/19/2023 07/19/23 For Rent $595 0.0% --
07/14/2023 07/14/23 Under Contract -- -- --
05/18/2023 05/18/23 Price Changed $595 -90.0% $1 / Sq Ft
05/11/2023 05/11/23 For Rent $5,950 0.0% --
03/24/2019 03/24/19 Sold $85,000 -27.7% $71 / Sq Ft View Prior Sale
02/17/2019 02/17/19 Pending -- -- --
02/06/2019 02/06/19 Price Changed $117,500 -1.3% $98 / Sq Ft
01/27/2019 01/27/19 For Sale $119,000 +440.9% $99 / Sq Ft
08/05/2016 08/05/16 Sold $22,000 -10.2% $18 / Sq Ft View Prior Sale
07/07/2016 07/07/16 Pending -- -- --
06/16/2016 06/16/16 Price Changed $24,500 -1.6% $20 / Sq Ft
05/21/2016 05/21/16 For Sale $24,900 +107.5% $21 / Sq Ft
10/02/2015 10/02/15 Sold $12,000 -14.3% $19 / Sq Ft View Prior Sale
09/18/2015 09/18/15 Pending -- -- --
07/21/2015 07/21/15 For Sale $14,000 -- $22 / 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 $3,685 $168,200 $8,200 $160,000
2023 $3,685 $151,100 $8,200 $142,900
2022 $3,812 $157,200 $8,200 $149,000
2021 $2,745 $114,700 $8,200 $106,500
2020 $2,156 $88,900 $2,600 $86,300
2019 $2,035 $82,100 $2,600 $79,500
2018 $2,331 $78,200 $2,600 $75,600
2017 $2,844 $76,800 $2,600 $74,200
2016 $1,922 $70,100 $2,600 $67,500
2014 $1,293 $59,800 $2,600 $57,200
2013 $1,343 $64,600 $2,600 $62,000
Source: Public Records

Agents Affiliated with this Home

  • Maxwell Richter

    Landlord's Agent in 2023

    Maxwell Richter

    Wilmoth Group

    (317) 842-3400

    42 in this area

    242 Total Sales

    Maxwell Richter
    Section Image
  • Charlene Gaard

    Seller's Agent in 2019

    Charlene Gaard

    No Limit Real Estate, LLC

    (317) 440-2149

    44 in this area

    270 Total Sales

    Charlene Gaard
    Section Image

  • B

    Buyer's Agent in 2019

    Brian Kirk

    Neu Real Estate Group

    Section Image

  • G

    Seller's Agent in 2016

    Gary Boehle

    Titan Real Estate, LLC

    (317) 432-3061

    1 in this area

    58 Total Sales

    Gary Boehle
    Section Image

  • T

    Seller's Agent in 2015

    Todd Cook

    Keller Williams Indy Metro S

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21920538

MIBOR Broker Listing Cooperative®

APN: 49-10-05-203-076.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

3123 E Michigan St, Indianapolis, IN

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.

Nearby Homes