NOT LISTED FOR SALE

3716 N College Ave Indianapolis, IN 46205

Mapleton-Fall Creek Neighborhood

Estimated Value: $471,000

-- Bed
-- Bath
-- Sq Ft
5,419 Sq Ft Lot

Last Sold September 14, 2018

Last sale price $185,000

Est. 155% increase in value since last sale

Current estimated payment $2,835/month

About This Home

As of September 2018

Are you looking for a great investment opportunity, you will not find many 4 unit properties in this area for sale at this price. This home is priced to sell at a modest 50k per unit. There are multiple 2 unit properties in this area that are priced higher than this home. Each unit has 1 Bedroom, 1 Bath, Sitting Room, Living Room, Dining Room. (one of the units has 2 bedrooms) Their is also a basement that could be converted into an apartment. This property has the potential to be a great home, great income producing property in an area that has seen nothing but increasing values. Square footage of 7,632 includes unfinished basement above ground square footage is 5,088.

Last Agent to Sell the Property

Shane Burns

Victory Realty Team License #RB18000283 Listed on: 07/20/2018

Last Buyer's Agent

Daniel Fisher

@properties

@properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,552

Year Built

  • Built in 1920

Lot Details

  • 5,419

Home Design

  • Brick Exterior Construction

Additional Features

  • 3-Story Property
  • 5,419 Sq Ft Lot
  • Basement

Community Details

  • Mendenhalls 38Th Street Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • The owner pays for inshazard, insurance, taxes
  • Assessor Parcel Number 49-06-24-124-003.000-101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,552

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: ApartBldg, Apart Complex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1920
  • Lot Size Acres: 0.1244
  • Subdivision Name: MENDENHALLS 38TH STREET
  • Inspection Warranties: Not Applicable
  • Property Description: Are you looking for a great investment opportunity, you will not find many 4 unit properties in this area for sale at this price. This home is priced to sell at a modest 50k per unit. There are multiple 2 unit properties in this area that are priced higher than this home. Each unit has 1 Bedroom, 1 Bath, Sitting Room, Living Room, Dining Room. (one of the units has 2 bedrooms) Their is also a basement that could be converted into an apartment. This property has the potential to be a great home, great income producing property in an area that has seen nothing but increasing values. Square footage of 7,632 includes unfinished basement above ground square footage is 5,088.
  • Transaction Type: Sale
  • Unit Count: 4
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Three Or More
  • Owner Pays: InsHazard, Insurance, Insurance, Taxes
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 7632
  • Laundry: Common

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • List Price: 200000

Garage/Parking

  • Unit Parking: On Street,Other

Utilities

  • Solid Waste: 0
  • HVAC: GAS BOILER,GAS WTR HEATER

Fee Information

  • Expenses: 0

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 49-06-24-124-003.000-101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Access Street,Busline,Sidewalks,Street Lights
  • Lot Number: 63
  • Lot Size: 5419

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2552
  • Semi Annual Property Tax Amt: 1276
  • Tax Exemption: MortageTaxExemption

MLS Schools

  • School District: Indianapolis Public Schools
  • Schools: Broad Ripple Magnet High,Broad Ripple Magnet Middle,Francis W Parker School 56 Elementary,Francis W Parker School 56 Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2023
Sold by
Rca Properties Llc
Bought by
Akf Llc
Current Estimated Value
$471,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,016,000
Outstanding Balance
$2,779,061
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
-$2,308,061

Purchase Details

Closed on
Nov 7, 2023
Sold by
Rca Properties Llc
Bought by
Akf Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,016,000
Outstanding Balance
$2,779,061
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
-$2,308,061

Purchase Details

Listed on
Jul 20, 2018
Closed on
Sep 14, 2018
Sold by
Mcfarland Addie M
Seller's Agent
Shane Burns
Victory Realty Team
Buyer's Agent
Daniel Fisher
@properties
List Price
$200,000
Sold Price
$185,000
Premium/Discount to List
-$15,000
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.20%
Original Mortgage
$335,000
Interest Rate
4.5%
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
Akf Llc -- Foundation Title
Akf Llc -- Foundation Title
-- $185,000 --
Rca Properties Llc $185,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akf Llc $4,016,000
Closed Akf Llc $4,016,000
Previous Owner Rca Properties Llc $335,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2018 09/14/18 Sold $185,000 -7.5% --
07/21/2018 07/21/18 Pending -- -- --
07/20/2018 07/20/18 For Sale $200,000 -- --
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 $4,057 $254,300 $52,600 $201,700
2023 $4,057 $161,700 $39,500 $122,200
2022 $3,275 $134,900 $39,500 $95,400
2021 $2,941 $123,700 $35,900 $87,800
2020 $2,949 $123,700 $35,900 $87,800
2019 $2,912 $119,900 $35,900 $84,000
2018 $2,923 $119,900 $35,900 $84,000
2017 $2,551 $116,800 $35,900 $80,900
2016 $2,401 $112,200 $35,900 $76,300
2014 $2,395 $111,000 $35,900 $75,100
2013 $2,307 $111,100 $36,000 $75,100
Source: Public Records

Agents Affiliated with this Home

  • Shane Burns

    Seller's Agent in 2018

    Shane Burns

    Victory Realty Team

    (317) 833-2861

    2 in this area

    106 Total Sales

    Shane Burns
    Section Image

  • D

    Buyer's Agent in 2018

    Daniel Fisher

    @properties

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21583088

MIBOR Broker Listing Cooperative®

APN: 49-06-24-124-003.000-101

Indiana Marion County Indianapolis 46205 Mapleton-Fall Creek

3716 N College Ave, Indianapolis, IN

This home is located at 3716 N College Ave, Indianapolis, IN 46205 since 20 July 2018 and is currently estimated at $471,000. This property was built in 1920. 3716 N College Ave is a home located in Marion County with nearby schools including Arlington Community Middle School, Arsenal Technical High 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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