NOT LISTED FOR SALE

36 N Layman Ave Indianapolis, IN 46219

Irvington Neighborhood

Estimated Value: $391,000 - $410,681

1 Bed
-- Bath
2,920 Sq Ft
$137/Sq Ft Est. Value

Sale Details

Date Sold: February 10, 2023

Last sale price $425,000 $146 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,688 / mo

3 Days on Market

Highlights

  • Mature Trees
  • Furnished
  • Shed
  • Traditional Architecture

About This Home

As of February 2023

Hard to find fully renovated 4 unit in Irvington! All units have been renovated as functional Airbnb/Furnished Finder apartments. House will be sold fully furnished subject to tenants rights. Current tenants are Traveling Nurses, all of whom are working short term, 3 month contracts. 2 units are staged as 2 bedroom units & 2 units are staged as 1 bedroom units. Very low vacancy rate. 3 units are generating $1600/month, 1 unit is generating $750/month gross rents (fair market on that unit is $1100). House will be sold As Is. Seller has owned the home since 1989 but has never occupied the home. Turnkey money maker!

Last Agent to Sell the Property

Randy Cramer

Dropped Members License #RB14033129 Listed on: 01/06/2023

Dropped Members

Last Buyer's Agent

Randy Cramer

Dropped Members License #RB14033129 Listed on: 01/06/2023

Dropped Members

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,722

Year Built

  • Built in 1920

Lot Details

  • 9,627 Sq Ft Lot
  • Mature Trees

Parking

  • Alley Access

Home Design

  • Quadruplex
  • Traditional Architecture
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Furnished
  • Fire and Smoke Detector
  • Basement

Outdoor Features

  • Shed
  • Storage Shed

Utilities

  • Separate Meters

Community Details

  • D P Mc Leods Sub Subdivision

Listing and Financial Details

  • Tenant pays for insurance, no utilities
  • The owner pays for ins hazard, insurance, taxes, all utilities
  • Tax Lot 6
  • Assessor Parcel Number 491003188003000701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,722

Year Built

Built in 1920

Lot Details

9,627 Sq Ft Lot

Listing Details

  • Property Sub Type: Fourplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1920
  • Lot Size Acres: 0.22
  • Road Frontage Type: City Street
  • Road Surface Type: See Remarks
  • Structure Type: Quadruplex
  • Subdivision Name: D P Mc Leods Sub
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: Yes
  • MBR_AttributionContact: rbcramer8@gmail.com
  • Multi Rooms: 14
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Furnished: Furnished
  • Owner Pays: Ins Hazard, Insurance, Taxes, All Utilities
  • Possible Use: Residential
  • Amenities: All Kitch Appl included. Wash/Dry 2/units
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Other
  • Disclosures: Not Applicable
  • Exterior Features: Storage Shed
  • Foundation Details: Block, Block

Garage/Parking

  • Parking Features: Alley Access
  • Unit Parking: On Street,2 Car Space,Unpaved

Utilities

  • Utilities: Cable Connected, Gas, Sewer Connected, Water Connected
  • Cooling: Separate Meters
  • Laundry Features: Connections Some
  • Security Features: Smoke Alarm
  • Solid Waste: No
  • HVAC: High Efficiency Gas

Lot Info

  • Lot Features: Access, Sidewalks, Street Lights, Mature Trees
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Size Sq Ft: 9627
  • Parcel Number: 491003188003000701
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Insurance, No Utilities

Multi Family

  • Net Operating Income: 4580
  • Insurance Expense: 208

Tax Info

  • Tax Annual Amount: 2722
  • Tax Lot: 6
  • Semi Annual Property Tax Amt: 1361
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2023
Closed on
Feb 10, 2023
Sold by
Cramer Randal B
Bought by
Jackson Michael and Bassett Kim
Seller's Agent
Randy Cramer
Dropped Members
Buyer's Agent
Randy Cramer
Fathom Realty
List Price
$425,000
Sold Price
$425,000
Views
50
Current Estimated Value
$401,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,773
Avg. Annual Appreciation
-1.79%
Original Mortgage
$340,000
Outstanding Balance
$327,400
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$73,827

Purchase Details

Listed on
Jan 6, 2023
Closed on
Feb 8, 2023
Sold by
Cramer Randal B
Bought by
Jackson Michael and Bassett Kim
Seller's Agent
Randy Cramer
Dropped Members
Buyer's Agent
Randy Cramer
Fathom Realty
List Price
$425,000
Sold Price
$425,000
Views
50

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Outstanding Balance
$327,400
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$73,827
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

Date Buyer Sale Price Title Company
Jackson Michael -- Eagle Land Title
Jackson Michael $425,000 Eagle Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Michael $340,000
Closed Jackson Michael $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2023 02/10/23 Sold $425,000 0.0% $146 / Sq Ft
01/10/2023 01/10/23 Pending -- -- --
01/06/2023 01/06/23 For Sale $425,000 -- $146 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $6,915 $260,700 $13,300 $247,400
2024 $4,000 $291,400 $13,300 $278,100
2023 $4,000 $166,300 $13,300 $153,000
2022 $3,187 $132,700 $13,300 $119,400
2021 $2,774 $118,000 $12,100 $105,900
2020 $2,783 $118,000 $12,100 $105,900
2019 $2,998 $113,400 $12,100 $101,300
2018 $2,320 $95,400 $22,000 $73,400
2017 $1,916 $88,100 $22,000 $66,100
2016 $1,795 $84,300 $22,000 $62,300
2014 $1,697 $78,500 $22,000 $56,500
2013 $1,613 $77,600 $22,000 $55,600
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Randy Cramer

    Dropped Members

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21894650

MIBOR Broker Listing Cooperative®

APN: 49-10-03-188-003.000-701

Indiana Marion County Indianapolis 46219 Irvington

36 N Layman Ave, 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.

MIBOR Broker Listing Cooperative® 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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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