NOT LISTED FOR SALE

3245 Central Ave Indianapolis, IN 46205

Mapleton-Fall Creek Neighborhood

Estimated Value: $318,000 - $338,943

3 Beds
-- Bath
1,457 Sq Ft
$224/Sq Ft Est. Value

Last Sold August 29, 2023

Last sale price $310,000 $213 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,070/month

14 Days on Market

Highlights

  • Craftsman Architecture
  • Forced Air Heating System
  • Wood Siding

About This Home

As of August 2023

Huge investment opportunity. Nicely detailed two-story double with strong rental history. Updated kitchens, hardwood floors and Bee replacement windows. Kitchen appliances stay with the home. Each side has 2 big bedrooms and one small. North side has access to third floor attic storage. Separate basements with laundry hook ups & additional storge. On convenient bus line. Off street parking. Wonderful and usable front porches. North unit has second floor deck of one bedroom. Sewer has been replaced to the street. Just a few minutes drive to downtown, Butler University and Broad Ripple. Current leases run through July 31, 2024. Roof and exterior are in great shape. Interior finishes are good. Good job of retaining some interior period detail.

Last Agent to Sell the Property

Ronald Dillon

F.C. Tucker Company License #RB14031787 Listed on: 07/02/2023

F.C. Tucker Company

Last Buyer's Agent

Linda Par Cer

CrossRoads Link Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,006

Year Built

  • Built in 1915

Lot Details

  • 6,534 Sq Ft Lot

Parking

  • Alley Access

Home Design

  • Duplex
  • Craftsman Architecture
  • Block Foundation
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector

Unfinished Basement

  • Partial Basement
  • Laundry in Basement
  • Basement Lookout

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Osgoods Forest Park Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance
  • The owner pays for ins hazard, insurance, water
  • Tax Lot 16
  • Assessor Parcel Number 490624148031000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,006

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1915
  • Lot Size Acres: 0.15
  • Road Frontage Type: City Street
  • Structure Type: Duplex
  • Subdivision Name: Osgoods Forest Park
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: rdillon@talktotucker.com
  • Multi Rooms: 12
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Daylight/Lookout Windows, Partial, Unfinished
  • Levels: Two
  • Owner Pays: Ins Hazard, Insurance, Water
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Construction Materials: Wood Siding
  • Direction Faces: West
  • Fencing: Partial
  • Foundation Details: Block
  • List Price: 325000
  • View: None
  • View Y N: No
  • Waterfront: No
  • Road Access: Not Applic

Garage/Parking

  • Parking Features: Alley Access
  • Unit Parking: Paved Area

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Laundry Features: In Basement
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 14000

Lot Info

  • Lot Features: Curbs, Sidewalks, Storm Sewer, Street Lights
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Size Sq Ft: 6534
  • Parcel Number: 490624148031000101
  • Zoning: residential
  • Acres: <1/4 Acre
  • Price Acre: 2066666.66666667

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance

Multi Family

  • Gross Income: 24000
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3006
  • Tax Lot: 16
  • Semi Annual Property Tax Amt: 1503
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2023
Closed on
Aug 24, 2023
Sold by
3245-3247 N Central Avenue Llc
Bought by
Thawmlian David Lal and Nunuk Irene
Seller's Agent
Ronald Dillon
F.C. Tucker Company
Buyer's Agent
Linda Par Cer
CrossRoads Link Realty
List Price
$325,000
Sold Price
$310,000
Premium/Discount to List
-$15,000
-4.62%
Views
122
Current Estimated Value
$326,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,648
Avg. Annual Appreciation
2.69%
Original Mortgage
$232,500
Outstanding Balance
$228,520
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$98,406

Purchase Details

Closed on
Apr 12, 2019
Sold by
Stephanie F Sherrard Revocable Trust
Bought by
3245-3247 N Central Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.2%

Purchase Details

Closed on
Jul 10, 2010
Sold by
Sherrard Stephanie F
Bought by
Sherrard Stephanie F and The Stephanie F Sherrard Revoc

Purchase Details

Closed on
Feb 12, 2007
Sold by
Key Lonnie and Key Kelly
Bought by
Sherrard Stephanie F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,800
Interest Rate
6.28%
Mortgage Type
New Conventional
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
Thawmlian David Lal $310,000 None Listed On Document
3245-3247 N Central Avenue Llc -- None Available
Sherrard Stephanie F -- None Available
Sherrard Stephanie F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thawmlian David Lal $232,500
Previous Owner Sherrard Stephanie F $0
Previous Owner Sherrard Stephanie F $12,003
Previous Owner Sherrard Stephanie F $56,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2023 08/29/23 Sold $310,000 -4.6% $213 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
07/02/2023 07/02/23 For Sale $325,000 -- $223 / 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 $3,652 $297,300 $35,500 $261,800
2023 $3,652 $147,700 $35,500 $112,200
2022 $3,005 $137,400 $35,500 $101,900
2021 $2,453 $99,800 $5,800 $94,000
2020 $2,209 $89,100 $5,800 $83,300
2019 $1,480 $87,300 $5,800 $81,500
2018 $1,575 $92,100 $5,800 $86,300
2017 $1,322 $86,000 $5,800 $80,200
2016 $1,250 $83,500 $5,800 $77,700
2014 $1,348 $93,400 $5,800 $87,600
2013 $1,315 $93,400 $5,800 $87,600
Source: Public Records

Agents Affiliated with this Home

  • Ronald Dillon

    Seller's Agent in 2023

    Ronald Dillon

    F.C. Tucker Company

    (317) 201-5246

    5 in this area

    67 Total Sales

    Ronald Dillon
    Section Image

  • L

    Buyer's Agent in 2023

    Linda Par Cer

    CrossRoads Link Realty

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21929984

MIBOR Broker Listing Cooperative®

APN: 49-06-24-148-031.000-101

Indiana Marion County Indianapolis 46205 Mapleton-Fall Creek

3245 Central Ave, Indianapolis, IN

This home is located at 3245 Central Ave, Indianapolis, IN 46205 since 02 July 2023 and is currently estimated at $326,648, approximately $224 per square foot. This property was built in 1915. 3245 Central Ave 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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