$74,900
SOLD OCT 23, 2024
2 Beds
1 Bath
1,175 Sq Ft
5,600 Sq Ft Lot

Recently Sold

$64 Per Sq Ft

57% Below List Price

154 Days on Market

Highlights

  • L-Shaped Dining Room
  • Covered patio or porch
  • Galley Kitchen
  • No HOA
  • 3 Car Detached Garage
  • Bungalow

About This Home

As of July 2025

Opportunity awaits! Just steps away from the Indianapolis Motor Speedway and a short walk to downtown Speedway this Bungalow is just what you've been looking for! Also minutes from downtown Indy. A starter home? An investment? Perhaps a vacation rental opportunity? You decide! House next door at 3720 is available as well. Buy them as a package and build that portfolio in Indy!

Last Agent to Sell the Property

Gregory Mayo

Highgarden Real Estate Brokerage Email: gmayo@highgarden.com License #RB16001045 Listed on: 05/10/2024

Highgarden Real Estate

Last Buyer's Agent

Gregory Mayo

Highgarden Real Estate Brokerage Email: gmayo@highgarden.com License #RB16001045 Listed on: 05/10/2024

Highgarden Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Parking

  • 3 Car Detached Garage

Home Design

  • Bungalow
  • Block Foundation
  • Aluminum Siding

Interior Spaces

  • 1-Story Property
  • L-Shaped Dining Room
  • Attic Access Panel
  • Fire and Smoke Detector
  • Galley Kitchen
  • Finished Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Covered patio or porch
  • 5,600 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Rainbow Ridge Subdivision

Listing and Financial Details

  • Tax Lot Rainbow Ridge L807
  • Assessor Parcel Number 490632115124000901
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1940
  • Building Area Total: 1341
  • Garage Y N: Yes
  • Lot Size Acres: 0.13
  • Subdivision Name: Rainbow Ridge
  • Transaction Type: Sale
  • Website: https://youtu.be/nUBGqR0OVZw
  • Accessibility Features YN: No
  • MBR_AttributionContact: gmayo@highgarden.com
  • Attribution Contact: gmayo@highgarden.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Finished Walls
  • Appliances: None, Gas Water Heater
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 281
  • Interior Amenities: Attic Access
  • Living Area: 1175
  • Main Level Bedrooms: 2
  • Other Equipment: Smoke Alarm
  • Eating Area: Dining-L
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 894
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Galley
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 1

Exterior Features

  • Construction Materials: Aluminum Siding
  • Foundation Details: Block
  • List Price: 95000
  • Patio And Porch Features: Covered Porch

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Detached

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Water Source: Community Water
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Sidewalks, Street Lights
  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 5600
  • Parcel Number: 490632115124000901
  • Acres: <1/4 Acre
  • Price Acre: 576154

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 2649.02
  • Tax Lot: Rainbow Ridge L807
  • Semi Annual Property Tax Amt: 1324.51
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Oct 22, 2024
Sold by
Ingalls Niles
Bought by
465 Homes Llc
Seller's Agent
Gregory Mayo
Highgarden Real Estate
Buyer's Agent
Gregory Mayo
Highgarden Real Estate
List Price
$175,000
Sold Price
$74,900
Premium/Discount to List
-$100,100
-57.2%
Views
137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
95.54%

Purchase Details

Closed on
Apr 12, 2013
Sold by
Ingalls Pamela
Bought by
Ingalls Niles

Purchase Details

Listed on
Feb 10, 2012
Closed on
Mar 27, 2012
Sold by
Fannie Mae
Bought by
Ingalls Pamela
Seller's Agent
Chris Camperelli
eXp Realty, LLC
Buyer's Agent
Chris Camperelli
eXp Realty LLC
List Price
$20,600
Sold Price
$20,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.19%

Purchase Details

Closed on
Dec 27, 2011
Sold by
Dewbrew Herbert A and Miller Judith
Bought by
Federal National Mortgage Association and Fanni Mae

Purchase Details

Closed on
May 3, 2007
Sold by
Dewbrew Herbert A
Bought by
Miller Charles W

Purchase Details

Closed on
Sep 23, 2005
Sold by
Bullock Victoria
Bought by
Dewbrew Herbert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,500
Interest Rate
5.88%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $74,500 Eagle Land Title
Quit Claim Deed -- --
Corporate Deed $20,600 Total Title
Sheriffs Deed $56,670 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Sheriffs Deed $28,701 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $49,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Sold $214,900 0.0% $160 / Sq Ft
06/07/2025 06/07/25 Pending -- -- --
06/03/2025 06/03/25 For Sale $214,900 +186.9% $160 / Sq Ft
10/23/2024 10/23/24 Sold $74,900 -21.2% $64 / Sq Ft
10/12/2024 10/12/24 Pending -- -- --
10/11/2024 10/11/24 Price Changed $95,000 -26.9% $81 / Sq Ft
09/02/2024 09/02/24 Price Changed $130,000 -18.8% $111 / Sq Ft
07/11/2024 07/11/24 Price Changed $160,000 -5.9% $136 / Sq Ft
06/20/2024 06/20/24 Price Changed $170,000 -2.9% $145 / Sq Ft
05/10/2024 05/10/24 For Sale $175,000 +749.5% $149 / Sq Ft
03/29/2012 03/29/12 Sold $20,600 0.0% $15 / Sq Ft
03/02/2012 03/02/12 Pending -- -- --
02/10/2012 02/10/12 For Sale $20,600 -- $15 / 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 $2,768 $120,600 $3,900 $116,700
2023 $2,768 $112,200 $3,900 $108,300
2022 $2,753 $112,200 $3,900 $108,300
2021 $1,562 $63,300 $3,900 $59,400
2020 $1,461 $58,800 $3,900 $54,900
2019 $1,197 $46,600 $3,900 $42,700
2018 $1,181 $45,600 $3,900 $41,700
2017 $994 $42,500 $3,900 $38,600
2016 $1,041 $45,800 $3,900 $41,900
2014 $962 $44,500 $3,900 $40,600
2013 $1,119 $44,000 $3,900 $40,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21978710

MIBOR Broker Listing Cooperative®

APN: 49-06-32-115-124.000-901