NOT LISTED FOR SALE

3838 W Washington St Indianapolis, IN 46241

Garden City Neighborhood

Estimated Value: $158,443 - $205,000

1 Bed
-- Bath
2,040 Sq Ft
$86/Sq Ft Est. Value

Last Sold February 21, 2019

Last sale price $75,000 $37 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $1,265/month

246 Days on Market

About This Home

As of February 2019

COMMERCIAL INVESTMENT PROPERTY**Zoned C5**Triplex with 2 units on main floor each with 1 bedroom, bath, living room and kitchen. Second floor has a third unit with 2 bedrooms, bath, living room and kitchen. Partial basement with laundry facilities.**Price reduced as it was one of three adjacent properties sold in a package (still preferred) and now sold independently.**

Last Agent to Sell the Property

Mary Hannah

LIBERTY REALTORS, INC. License #RB14008873 Listed on: 05/30/2018

Last Buyer's Agent

Yonas Woldu

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 10,193

Parking

  • 1 Car Garage
  • Gravel Driveway

Home Design

  • Block Foundation
  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 10,193 Sq Ft Lot
  • Basement

Community Details

  • Pine Point Subdivision

Listing and Financial Details

  • Tenant pays for rent only
  • The owner pays for insurance, taxes, all utilities
  • Assessor Parcel Number 491108111003000930

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TradAmer, Triplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1924
  • Lot Size Acres: 0.234
  • Road Frontage Type: HwyUS, City Street
  • Road Surface Type: Asphalt
  • Structure Type: Triplex
  • Subdivision Name: PINE POINT
  • Inspection Warranties: Not Applicable
  • Property Description: COMMERCIAL INVESTMENT PROPERTY**Zoned C5**Triplex with 2 units on main floor each with 1 bedroom, bath, living room and kitchen. Second floor has a third unit with 2 bedrooms, bath, living room and kitchen. Partial basement with laundry facilities.**Price reduced as it was one of three adjacent properties sold in a package (still preferred) and now sold independently.**
  • Transaction Type: Sale
  • Unit Count: 3
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: Insurance, Taxes, All Utilities
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Common

Exterior Features

  • Construction Materials: Vinyl Siding, Wood
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Gravel
  • Foundation Details: Block, Block
  • List Price: 85900
  • Road Access: Frontage Road,CityStreet
  • Interstate: Ramp1-3mi

Garage/Parking

  • Garage Spaces: 1
  • Unit Parking: 2 Car Garage,2 Car Space,Unpaved

Utilities

  • Solid Waste: 1
  • HVAC: Forced Air-NO Central Air

Fee Information

  • Expenses: 0

Lot Info

  • Current Use: Multi-Family
  • Parcel Number: 491108111003000930
  • Zoning: C-5
  • Acres: <1/4 Acre
  • Lot Information: Access Street,Busline,Corner,Suburban,Tree Mature
  • Lot Number: 24 & 25
  • Lot Size: 10,193

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Rent Only

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1964
  • Semi Annual Property Tax Amt: 982
  • Tax Exemption: HomesteadTaxExemption

MLS Schools

  • School District: Wayne Township
  • Schools: Rhoades Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2018
Closed on
Feb 21, 2019
Sold by
Russell Jeffery Lynn and Russell Revocablr T Burdetta V
Bought by
Ghebremichael Esther
Seller's Agent
Mary Hannah
LIBERTY REALTORS, INC.
Buyer's Agent
Yonas Woldu
List Price
$200,000
Sold Price
$75,000
Premium/Discount to List
-$125,000
-62.5%
Current Estimated Value
$175,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,481
Avg. Annual Appreciation
12.20%
Original Mortgage
$83,720
Outstanding Balance
$74,343
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$84,295
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ghebremichael Esther $75,000 First American Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghebremichael Esther $83,720
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2019 02/21/19 Sold $75,000 -12.7% $37 / Sq Ft
02/01/2019 02/01/19 Pending -- -- --
12/27/2018 12/27/18 Price Changed $85,900 -50.9% $42 / Sq Ft
11/07/2018 11/07/18 Price Changed $175,000 -12.5% $86 / Sq Ft
05/30/2018 05/30/18 For Sale $200,000 -- $98 / 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 $3,708 $154,100 $8,000 $146,100
2023 $3,708 $142,300 $8,000 $134,300
2022 $5,205 $142,300 $8,000 $134,300
2021 $2,788 $95,400 $8,000 $87,400
2020 $2,434 $82,000 $8,000 $74,000
2019 $2,382 $78,800 $8,000 $70,800
2018 $1,945 $68,000 $8,000 $60,000
2017 $1,963 $69,100 $8,000 $61,100
2016 $393 $62,000 $8,000 $54,000
2014 $74 $56,100 $8,000 $48,100
2013 $96 $57,800 $8,000 $49,800
Source: Public Records

Agents Affiliated with this Home

  • Mary Hannah

    Seller's Agent in 2019

    Mary Hannah

    LIBERTY REALTORS, INC.

    (317) 290-6336

    1 Total Sale

    Mary Hannah
    Section Image

  • Y

    Buyer's Agent in 2019

    Yonas Woldu

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21564526

MIBOR Broker Listing Cooperative®

APN: 49-11-08-111-003.000-930

Indiana Marion County Indianapolis 46241 Garden City

3838 W Washington St, Indianapolis, IN

This home is located at 3838 W Washington St, Indianapolis, IN 46241 since 30 May 2018 and is currently estimated at $175,481, approximately $86 per square foot. This property was built in 1924. 3838 W Washington St is a home located in Marion County with nearby schools including Rhoades Elementary School, Lynhurst 7th & 8th Grade Center, and Ben Davis University High School.

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.

Nearby Homes