NOT LISTED FOR SALE

3460 W 16th St Indianapolis, IN 46222

Eagledale Neighborhood

Estimated Value: $181,000 - $224,803

1 Bed
-- Bath
1,400 Sq Ft
$145/Sq Ft Est. Value

Last Sold January 19, 2022

Last sale price $149,900 $107 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,425/month

3 Days on Market

About This Home

As of January 2022

Walk to the Racetrack or catch the bus from this conveniently located Speedway property. Rainbow Apartments is a 5 unit property managed by the same owner for over 35 years. There are currently 5 studio units with kitchenettes and bathrooms. There is gravel parking lot in back. Total of 2100 sf. Storage space in the downstairs bombshell shelter. 2019 furnace, 2016 AC and 2009 roof. Security system inside and outside is negotiable. Has 4 current tenants. Great potential for apartments or airbnb. Zoned C-4. Looking for a quick as is sale. Could close by the end of the year for a great offer!

Last Agent to Sell the Property

Sharon Thompson

Keller Williams Indy Metro NE License #RB14044406 Listed on: 12/16/2021

Keller Williams Indy Metro NE

Last Buyer's Agent

Jennifer Mattos

Garnet Group

Garnet Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,654

Year Built

  • 1924

Lot Details

  • 5,663

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,654

Year Built

1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Commercial Units - 5+
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 5
  • Conversion: 1
  • Architectural Style: Other
  • Directions: 465 S to Crawfordsville Road East. Through roundabout to 16th Street Eastbound. Property is on the left.
  • New Construction: No
  • Road Frontage Type: FrontageRd, City Street
  • Road Surface Type: Asphalt
  • Structure Type: Apartment Building, FreeStand
  • Subdivision Name: RAINBOW RIDGE
  • Special Features: None
  • Year Built: 1924

Interior Features

  • Sq Ft Main Upper: 0
  • Gross Area Sq Ft: 2100
  • Laundry: NoLaundry
  • Basement YN: Yes
  • Owner Pays: AlarmSec, Electricity, Gas, Lawncare, Trash Collection, All Utilities, Water
  • Possible Use: Apt>20

Exterior Features

  • Exterior Features: Fence Partial
  • Foundation Details: Concrete Perimeter, Partial
  • Road Access: Frontage Road,CityStreet
  • Construction Type: Aluminum Siding
  • Disclosures: Not Applicable

Garage/Parking

  • Unit Parking: Parking Lot,Unpaved

Utilities

  • Solid Waste: 0
  • HVAC: Central Air: 2016

Fee Information

  • Expenses: 750
  • Insurance Expenses: 1100

Lot Info

  • Acres: <1/4 Acre
  • Lot Information: Access Street,Busline,Sidewalks,Storm Sewer,Street Lights
  • Lot Number: 182
  • Lot Size: 5,741
  • Current Use: Apt<20
  • Zoning: C-4

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV

Tax Info

  • Semi Annual Property Tax Amt: 827
  • Tax Exemption: None
  • Tax Annual Amount: 1654
  • Tax Year: 2020

Multi Family

  • Property Net Operating Income: 22648
  • Number Of Units Total: 5

MLS Schools

  • School District: Speedway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2021
Closed on
Jan 24, 2022
Sold by
Ister Properties Llc
Bought by
Ritely Indy Properties Llc
Seller's Agent
Sharon Thompson
Keller Williams Indy Metro NE
Buyer's Agent
Jennifer Mattos
Garnet Group
List Price
$159,900
Sold Price
$149,900
Premium/Discount to List
-$10,000
-6.25%
Current Estimated Value
$202,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,002
Avg. Annual Appreciation
8.55%

Purchase Details

Listed on
Dec 16, 2021
Closed on
Jan 19, 2022
Sold by
Ister Properties Llc
Bought by
Ritely Indy Properties Llc
Seller's Agent
Sharon Thompson
Keller Williams Indy Metro NE
Buyer's Agent
Jennifer Mattos
Garnet Group
List Price
$159,900
Sold Price
$149,900
Premium/Discount to List
-$10,000
-6.25%

Purchase Details

Closed on
Mar 12, 2015
Sold by
Isterling Gary A
Bought by
Ister Properties Llc

Purchase Details

Closed on
Aug 3, 2006
Sold by
Isterling Gary A and Isterling Carolyn E
Bought by
Gary A Isterling Living Trust
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
Ritely Indy Properties Llc -- Bray Miranda D
Ritely Indy Properties Llc $149,900 Bray Miranda D
Ister Properties Llc -- None Available
Gary A Isterling Living Trust -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2022 01/19/22 Sold $149,900 -6.3% $107 / Sq Ft
12/20/2021 12/20/21 Pending -- -- --
12/16/2021 12/16/21 For Sale $159,900 -- $114 / 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 $4,145 $275,600 $12,400 $263,200
2023 $4,145 $171,600 $12,400 $159,200
2022 $2,336 $95,900 $12,400 $83,500
2021 $1,784 $74,300 $11,300 $63,000
2020 $1,721 $71,400 $11,300 $60,100
2019 $1,680 $68,400 $11,300 $57,100
2018 $1,692 $68,400 $11,300 $57,100
2017 $1,489 $67,300 $11,300 $56,000
2016 $1,406 $64,900 $11,300 $53,600
2014 $2,378 $110,000 $11,300 $98,700
2013 $2,287 $110,000 $11,300 $98,700
Source: Public Records

Agents Affiliated with this Home

  • Sharon Thompson

    Seller's Agent in 2022

    Sharon Thompson

    Keller Williams Indy Metro NE

    (317) 607-0884

    1 in this area

    25 Total Sales

    Sharon Thompson
    Section Image

  • J

    Buyer's Agent in 2022

    Jennifer Mattos

    Garnet Group

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21829390

MIBOR Broker Listing Cooperative®

APN: 49-06-32-115-597.000-901

Indiana Marion County Indianapolis 46222 Eagledale

3460 W 16th St, Indianapolis, IN

This home is located at 3460 W 16th St, Indianapolis, IN 46222 since 16 December 2021 and is currently estimated at $202,902, approximately $144 per square foot. This property was built in 1924. 3460 W 16th St is a home located in Marion County with nearby schools including Riverside School 44, Northwest Middle School, and George Washington Community High School No. 721.

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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