NOT LISTED FOR SALE

3131 N Arsenal Ave Indianapolis, IN 46218

Martindale-Brightwood Neighborhood

Estimated Value: $75,000 - $138,647

2 Beds
1 Bath
1,856 Sq Ft
$56/Sq Ft Est. Value

Last Sold August 11, 2021

Last sale price $58,000 $31 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $600/month

22 Days on Market

Highlights

  • 0.31 Acre Lot
  • 1-Story Property
  • Combination Dining and Living Room
  • Traditional Architecture
  • Forced Air Heating System

About This Home

As of August 2021

Check out this 2 bedroom 1 bath home! Updated home features a large back yard, plenty of closet space, off street parking, and appliances included. Home is only a few minutes from downtown Indy and from Broad Ripple. Easy access to just about anywhere in Indy. Check out this home today!

Last Agent to Sell the Property

Mark Jones

PMI Midwest License #RB14036355 Listed on: 02/02/2021

Last Buyer's Agent

Jason Gunn

Highgarden Real Estate

Highgarden Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,434

Year Built

  • Built in 1948

Lot Details

  • 0.31 Acre Lot

Home Design

  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,856 Sq Ft Home
  • 1-Story Property
  • Window Screens
  • Combination Dining and Living Room
  • Fire and Smoke Detector
  • Electric Oven
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

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

Community Details

  • North Side Subdivision

Listing and Financial Details

  • Assessor Parcel Number 490719132260000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,434

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1948
  • Building Area Total: 1856
  • Garage Y N: No
  • Lot Size Acres: 0.3104
  • Subdivision Name: NORTH SIDE
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Appliances: Electric Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Screens Some
  • Other Equipment: Smoke Detector
  • Eating Area: Dining Combo/Living Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1016
  • Main Level Sq Ft: 1016
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Below Grade Sq Ft: 840
  • Pct Optional Level Finished: 0-25%

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • Association Maintained Building Exterior: 0

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: None

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 490719132260000101
  • Acres: 1/4-1/2 Acre
  • Lot Number: 0
  • Lot Size: 13,521

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1434
  • Semi Annual Property Tax Amt: 717
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2021
Closed on
Aug 10, 2021
Sold by
Optimum Return Investments Llc
Bought by
Kiel Abigail A and Kiel Douglas S
Seller's Agent
Mark Jones
PMI Midwest
Buyer's Agent
Jason Gunn
Highgarden Real Estate
List Price
$69,900
Sold Price
$58,000
Premium/Discount to List
-$11,900
-17.02%
Current Estimated Value
$103,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,412
Avg. Annual Appreciation
14.69%
Original Mortgage
$130,467
Outstanding Balance
$118,456
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
-$15,044

Purchase Details

Closed on
Jan 17, 2018

Purchase Details

Closed on
Jan 12, 2018

Purchase Details

Closed on
Oct 18, 2013
Sold by
Marion County Auditor
Bought by
Marion County

Purchase Details

Closed on
Feb 24, 2005
Sold by
Carvet James
Bought by
Gill Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
8.25%
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
Kiel Abigail A -- Quality Title
-- $34,200 --
Optimum Return Investments Llc $34,167 Monument Title Insurance Compa
-- $8,000 --
Marion County $3,500 --
Gill Christopher -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kiel Abigail A $130,467
Previous Owner Gill Christopher $51,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2021 08/11/21 Sold $58,000 -14.6% $31 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
02/18/2021 02/18/21 Price Changed $67,900 -2.9% $37 / Sq Ft
02/01/2021 02/01/21 For Sale $69,900 0.0% $38 / Sq Ft
08/05/2020 08/05/20 Rented $725 0.0% --
07/27/2020 07/27/20 For Rent $725 -- --
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 $710 $85,900 $27,900 $58,000
2023 $710 $85,000 $27,900 $57,100
2022 $544 $84,200 $27,900 $56,300
2021 $789 $60,300 $11,000 $49,300
2020 $1,581 $64,000 $9,000 $55,000
2019 $1,530 $60,700 $9,000 $51,700
2018 $2,263 $59,700 $9,000 $50,700
2017 $2,277 $61,000 $9,000 $52,000
2016 $1,357 $61,000 $9,000 $52,000
2014 $1,347 $62,300 $9,000 $53,300
2013 $1,474 $62,300 $9,000 $53,300
Source: Public Records

Agents Affiliated with this Home

  • Mark Jones

    Seller's Agent in 2021

    Mark Jones

    PMI Midwest

    (463) 207-9326

    20 in this area

    134 Total Sales

    Mark Jones
    Section Image

  • J

    Buyer's Agent in 2021

    Jason Gunn

    Highgarden Real Estate

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21764186

MIBOR Broker Listing Cooperative®

APN: 49-07-19-132-260.000-101

Indiana Marion County Indianapolis 46218 Martindale-Brightwood

3131 N Arsenal Ave, Indianapolis, IN

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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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