$49,000
SOLD OCT 28, 2020

3910 E Michigan St Indianapolis, IN 46201

Near Eastside Neighborhood
-- Bed
-- Bath
752 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$65 Per Sq Ft

6% Below List Price

25 Days on Market

About This Home

As of June 2024

Perfect investment property with long term tenant in East side unit. The owner has done recent painting & added some new flooring in the West side unit which is vacant which any new owner can then pick & screen their own new tenants. This owner has taken great care of this property and says it has been a great investment for him over the many decades but he is liquidating his rentals. Units are 3910 (West unit) and 3912 (east unit) listed for room counts as units 10 or 12. ** Seller had rented 3910 side for $400 a month but was for a long term tenant _rents could be higher. Estimated Gross income off that figure and current tenant amount.

Last Agent to Sell the Property

Jackie Lovell

New Quantum Realty Group License #RB14026114 Listed on: 09/22/2020

Last Buyer's Agent

Janet Clark

F.C. Tucker Company

F.C. Tucker Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $926

Year Built

  • Built in 1915

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Aluminum Siding

Additional Features

  • 1-Story Property
  • 3,485 Sq Ft Lot

Community Details

  • Bradley Etal E Wash St Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for insurance
  • Assessor Parcel Number 491004122195000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$926

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Bungalow/Shotgun
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1915
  • Lot Size Acres: 0.08
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Duplex
  • Subdivision Name: BRADLEY ETAL E WASH ST
  • Inspection Warranties: Not Applicable
  • Property Description: Perfect investment property with long term tenant in East side unit. The owner has done recent painting & added some new flooring in the West side unit which is vacant which any new owner can then pick & screen their own new tenants. This owner has taken great care of this property and says it has been a great investment for him over the many decades but he is liquidating his rentals. Units are 3910 (West unit) and 3912 (east unit) listed for room counts as units 10 or 12. ** Seller had rented 3910 side for $400 a month but was for a long term tenant _rents could be higher. Estimated Gross income off that figure and current tenant amount.
  • Transaction Type: Sale
  • Website: www.artisanrealtors.com
  • Unit Count: 2
  • Conversion: 0
  • Website: www.jackielovell.com
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: Insurance
  • Possible Use: Residential
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 1484
  • Laundry: Other

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Concrete
  • Foundation Details: Block
  • List Price: 51900
  • Road Access: CityStreet

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491004122195000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley
  • Lot Number: 263
  • Lot Size: 3,485

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 926
  • Semi Annual Property Tax Amt: 463
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2024
Closed on
Jun 11, 2024
Sold by
Hind Daniel Thomas
Bought by
Mora Gabino
Seller's Agent
John Vandersall
F.C. Tucker Company
Buyer's Agent
Tricia Mera
@properties
List Price
$130,000
Sold Price
$125,000
Premium/Discount to List
-$5,000
-3.85%
Views
37
Current Estimated Value
$120,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,297
Avg. Annual Appreciation
-2.68%

Purchase Details

Closed on
Jan 22, 2021
Sold by
Dunlap Scott
Bought by
Hind Daniel Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,250
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 22, 2020
Closed on
Dec 4, 2020
Sold by
Dunlap Scott
Bought by
Hind Daniel Thomas
Seller's Agent
Jackie Lovell
New Quantum Realty Group
Buyer's Agent
Janet Clark
F.C. Tucker Company
List Price
$51,900
Sold Price
$49,000
Premium/Discount to List
-$2,900
-5.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.15%
Original Mortgage
$50,250
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 22, 2020
Closed on
Oct 28, 2020
Sold by
Kern Edgar G
Bought by
Dunlap Scott
Seller's Agent
Jackie Lovell
New Quantum Realty Group
Buyer's Agent
Janet Clark
F.C. Tucker Company
List Price
$51,900
Sold Price
$49,000
Premium/Discount to List
-$2,900
-5.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,250
Interest Rate
2.67%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $125,000 Stewart Title Company
Warranty Deed -- Indiana Home Title
Warranty Deed -- None Available
Warranty Deed $49,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $50,250 New Conventional
Previous Owner $50,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2024 06/12/24 Sold $125,000 -3.8% $166 / Sq Ft
05/04/2024 05/04/24 Pending -- -- --
04/26/2024 04/26/24 For Sale $130,000 +165.3% $173 / Sq Ft
10/28/2020 10/28/20 Sold $49,000 -5.6% $65 / Sq Ft
10/18/2020 10/18/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $51,900 -- $69 / 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 $1,460 $59,700 $4,700 $55,000
2023 $1,460 $56,500 $4,700 $51,800
2022 $1,391 $53,900 $4,700 $49,200
2021 $1,129 $43,900 $4,700 $39,200
2020 $1,087 $42,000 $1,800 $40,200
2019 $1,038 $39,200 $1,800 $37,400
2018 $1,021 $38,200 $1,800 $36,400
2017 $848 $34,800 $1,800 $33,000
2016 $830 $34,800 $1,800 $33,000
2014 $653 $30,200 $1,800 $28,400
2013 $840 $35,700 $1,800 $33,900
Source: Public Records

Agents Affiliated with this Home

  • John Vandersall

    Seller's Agent in 2024

    John Vandersall

    F.C. Tucker Company

    (317) 345-6643

    3 in this area

    109 Total Sales

    John Vandersall
    Section Image
  • Tricia Mera

    Buyer's Agent in 2024

    Tricia Mera

    @properties

    (317) 612-4878

    5 in this area

    114 Total Sales

    Tricia Mera
    Section Image
  • Jackie Lovell

    Seller's Agent in 2020

    Jackie Lovell

    New Quantum Realty Group

    (317) 332-7547

    21 in this area

    150 Total Sales

    Jackie Lovell
    Section Image

  • J

    Buyer's Agent in 2020

    Janet Clark

    F.C. Tucker Company

    Section Image

  • E

    Buyer Co-Listing Agent in 2020

    Ellen Orzeske

    F.C. Tucker Company

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21740566

MIBOR Broker Listing Cooperative®

APN: 49-10-04-122-195.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

3910 E Michigan St, Indianapolis, IN

This home is located at 3910 E Michigan St, Indianapolis, IN 46201 and is currently priced at $49,000, approximately $65 per square foot. This property was built in 1915. 3910 E Michigan St is a home located in Marion County with nearby schools including Ralph Waldo Emerson School 58, Arlington Community Middle School, and Arsenal Technical 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.

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