328 S Gray St Indianapolis, IN 46201
Christian Park Neighborhood
--
Bed
--
Bath
790
Sq Ft
5,271
Sq Ft Lot
Highlights
- 2 Car Detached Garage
- 1-Story Property
- 3-minute walk to Clayton & LaSalle Park
- Bungalow
- Forced Air Heating System
About This Home
As of December 2024Welcome to this charming duplex located in the heart of an up-and-coming neighborhood. This property presents a unique opportunity for investors, renovators, or first-time homebuyers to put their stamp on a piece of the neighborhood. The duplex features two separate units, each with its own unique charm and potential. The main unit boasts 2 bedrooms and 1 bathroom, with a spacious living room and kitchen area. The second unit also has 2 bedrooms and 1 bathroom, making it perfect for a small family or roommate situation. As you step inside, you'll notice the potential is limitless. The property, being sold in As-Is condition, needs some TLC to bring it back to its former glory, but with some elbow grease and creativity, the possibilities are endless. Imagine the transformation you can make with a fresh coat of paint, new flooring, and updated fixtures! The tenants are currently on month-to-month leases, paying below market value, providing a steady stream of income while you work on your vision. With a little bit of sweat equity, you can increase the rent and reap the rewards. This neighborhood is on the cusp of a revitalization effort, with new businesses, restaurants, and shops popping up. Whether you are a seasoned investor looking to add to your portfolio or a savvy homeowner that wants to rent out a unit while you live in the other, this is the opportunity for you.
Last Agent to Sell the Property
RE/MAX At The Crossing Brokerage Email: dustin@monteithlegault.com License #RB21001232 Listed on: 07/05/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,114
Year Built
- Built in 1928
Parking
- 2 Car Detached Garage
Home Design
- Duplex
- Bungalow
- Fixer Upper
- Block Foundation
- Vinyl Siding
Interior Spaces
- 1-Story Property
- Unfinished Basement
- Laundry in Basement
- Fire and Smoke Detector
Schools
- William Mckinley School 39 Elementary School
- Arlington Community Middle School
- Arsenal Technical High School
Additional Features
- 5,271 Sq Ft Lot
- City Lot
- Forced Air Heating System
Community Details
- Forest Park Subdivision
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- The owner pays for water
- Legal Lot and Block 49-10-08-135-244.000-101 / 13
- Assessor Parcel Number 491008135244000101
- Seller Concessions Not Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 25, 2024
Closed on
Dec 10, 2024
Sold by
Epes Realty Llc
Bought by
Ramos Gerrick
Seller's Agent
Dana Holt
Keller Williams Indpls Metro N
Buyer's Agent
Trent Kiester
@properties
List Price
$235,000
Sold Price
$235,000
Views
35
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,936
Avg. Annual Appreciation
-10.88%
Original Mortgage
$188,000
Outstanding Balance
$187,351
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$32,713
Purchase Details
Listed on
Jul 5, 2024
Closed on
Aug 28, 2024
Sold by
Mcdonald Ronald A and Mcdonald Janet S
Bought by
Epes Realty Llc
Seller's Agent
Dustin Dubree
RE/MAX At The Crossing
Buyer's Agent
Dana Holt
Keller Williams Indpls Metro N
List Price
$129,900
Sold Price
$129,000
Premium/Discount to List
-$900
-0.69%
Views
26
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
751.69%
Original Mortgage
$138,650
Interest Rate
6.78%
Mortgage Type
Construction
Purchase Details
Closed on
Jan 31, 2011
Sold by
Corwin Cheryl A and Mcdonald Charles A
Bought by
Mcdonald Ronald A and Mcdonald Janet S
Similar Homes in Indianapolis, IN
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Foundation Title | |
| Warranty Deed | $235,000 | Foundation Title | |
| Warranty Deed | $129,000 | None Listed On Document | |
| Trustee Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $188,000 | New Conventional | |
| Closed | $188,000 | New Conventional | |
| Previous Owner | $138,650 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/10/2024 12/10/24 | Sold | $235,000 | 0.0% | $297 / Sq Ft |
| 11/04/2024 11/04/24 | Pending | -- | -- | -- |
| 10/25/2024 10/25/24 | For Sale | $235,000 | +82.2% | $297 / Sq Ft |
| 08/30/2024 08/30/24 | Sold | $129,000 | -0.7% | $163 / Sq Ft |
| 07/20/2024 07/20/24 | Pending | -- | -- | -- |
| 07/19/2024 07/19/24 | For Sale | $129,900 | 0.0% | $164 / Sq Ft |
| 07/09/2024 07/09/24 | Pending | -- | -- | -- |
| 07/06/2024 07/06/24 | For Sale | $129,900 | -- | $164 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $2,243 | $93,100 | $7,200 | $85,900 |
| 2023 | $2,243 | $89,500 | $7,200 | $82,300 |
| 2022 | $2,231 | $89,500 | $7,200 | $82,300 |
| 2021 | $1,809 | $73,400 | $7,200 | $66,200 |
| 2020 | $1,694 | $68,200 | $7,200 | $61,000 |
| 2019 | $1,468 | $57,400 | $2,200 | $55,200 |
| 2018 | $1,385 | $53,500 | $2,200 | $51,300 |
| 2017 | $1,209 | $51,800 | $2,200 | $49,600 |
| 2016 | $1,169 | $51,100 | $2,200 | $48,900 |
| 2014 | $1,023 | $47,300 | $2,200 | $45,100 |
| 2013 | $983 | $47,300 | $2,200 | $45,100 |
Source: Public Records
Agents Affiliated with this Home
-
Dana Holt
Seller's Agent in 2024
Dana Holt
Keller Williams Indpls Metro N
(317) 439-8825
2 in this area
112 Total Sales
-
Dustin Dubree
Seller's Agent in 2024
Dustin Dubree
RE/MAX At The Crossing
(765) 228-6527
1 in this area
28 Total Sales
-
Robert Holt
Seller Co-Listing Agent in 2024
Robert Holt
Keller Williams Indpls Metro N
(317) 442-3249
2 in this area
67 Total Sales
-
Trent Kiester
T
Buyer's Agent in 2024
Trent Kiester
@properties
(317) 650-6289
5 in this area
42 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21988995
APN: 49-10-08-135-244.000-101
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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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