NOT LISTED FOR SALE

338 N Summit St Indianapolis, IN 46201

Holy Cross Neighborhood

Estimated Value: $369,000 - $426,000

2 Beds
-- Bath
1,130 Sq Ft
$352/Sq Ft Est. Value

Sale Details

Date Sold: July 30, 2021

Last sale price $322,382 $285 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,574 / mo

About This Home

Unbelievable opportunity in this renovated Holy Cross duplex! Each side offers 3 beds/1.5 baths/1 car garage, laundry in basement. Home was used successfully for a few years as an AirBnb until COVID (each side separately or the building as a whole) - otherwise, has always been a rental. Wonderful original wood floors, stained glass, wood work, completely updated mechanicals, baths & kitchens. Sellers have a stake survey including garage (2 car separated by a wall), so units could easily be split. This would be an ideal space to live on one side & rent the other to help pay the mortgage. Recent tenant rents - 338 at $1250/month & 340 at $1400/month - cash flows nicely & has always been easy to rent. Great Downtown investment opportunity!!!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2021
Closed on
Sep 21, 2021
Sold by
Vanderkooi Scott J and Mcelfresh Lance
Bought by
Kroger Michael
Seller's Agent
Lance McElfresh
@properties
Buyer's Agent
Matthew Cremer
MJC Realty LLC
List Price
$299,999
Sold Price
$322,382
Premium/Discount to List
$22,383
7.46%
Current Estimated Value
$397,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,118
Avg. Annual Appreciation
4.48%
Original Mortgage
$316,542
Outstanding Balance
$284,872
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$112,628

Purchase Details

Listed on
May 28, 2021
Closed on
Jul 30, 2021
Sold by
Vanderkooi Scott J and Mcelfresh Lance
Bought by
Kroger Michael
Seller's Agent
Lance McElfresh
@properties
Buyer's Agent
Matthew Cremer
MJC Realty LLC
List Price
$299,999
Sold Price
$322,382
Premium/Discount to List
$22,383
7.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,542
Outstanding Balance
$284,872
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$112,628

Purchase Details

Closed on
May 25, 2018
Sold by
Vanderkooi Scott J
Bought by
Vanderkooi Scott J and In Lance J Mcelfresh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2006
Sold by
Hill Patricia A and Hill Patricia
Bought by
A & P Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Kroger Michael -- None Listed On Document
Kroger Michael -- None Available
Vanderkooi Scott J -- --
Vanderkooi Scott J -- None Available
A & P Investments -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Kroger Michael $316,542
Previous Owner Kroger Michael $316,542
Previous Owner Vanderkooi Scott J $110,000
Previous Owner A & P Investments $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/30/2021 07/30/21 Sold $322,382 +7.5% $285 / Sq Ft View Prior Sale
06/03/2021 06/03/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $299,999 -- $265 / Sq Ft

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
2025 $5,446 $346,200 $43,400 $302,800
2024 $5,628 $328,200 $43,400 $284,800
2023 $5,628 $331,600 $43,400 $288,200
2022 $5,193 $303,900 $43,400 $260,500
2021 $2,735 $174,400 $43,400 $131,000
2020 $3,941 $164,500 $21,200 $143,300
2019 $3,715 $151,900 $21,200 $130,700
2018 $3,550 $143,700 $21,200 $122,500
2017 $3,026 $136,700 $21,200 $115,500
2016 $2,833 $130,500 $21,200 $109,300
2014 $2,679 $123,900 $21,200 $102,700
2013 $1,712 $123,900 $21,200 $102,700
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lance McElfresh

    @properties

  • M

    Buyer's Agent in 2021

    Matthew Cremer

    MJC Realty LLC

See All Agents

Map

Indiana Marion County Indianapolis 46201 Holy Cross

338 N Summit 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.

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