NOT LISTED FOR SALE

3926 N College Ave Indianapolis, IN 46205

Meridian Kessler Neighborhood

Estimated Value: $290,000 - $321,000

3 Beds
1 Bath
1,288 Sq Ft
$237/Sq Ft Est. Value

Last Sold June 10, 2020

Last sale price $205,000 $159 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,031/month

31 Days on Market

About This Home

As of June 2020

Fantastic options for investment on this well maintained duplex on the redline in Meridian Kessler. This location is sought after by renters and homeowners alike. Beautiful wood floors. Many mechanical updates including new plumbing, water heaters and furnace. Half baths on the main create functional floor plans. Plenty of room for increased equity and cap rate for both units. Both sides are currently leased but 3926 tenant willing to relocate at closing if needed.

Last Agent to Sell the Property

Jenni Bliss McMillion

@properties License #RB15001314 Listed on: 03/10/2020

@properties

Last Buyer's Agent

Alice Steppe

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,694

Year Built

  • Built in 1920

Lot Details

  • 6,050 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Additional Features

  • Basement

Community Details

  • Ardmore Subdivision

Listing and Financial Details

  • Tenant pays for insurance, all utilities
  • The owner pays for taxes
  • Assessor Parcel Number 490613125047000801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,694

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1920
  • Lot Size Acres: 0.1389
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Duplex
  • Subdivision Name: ARDMORE
  • Inspection Warranties: Not Applicable
  • Property Description: Fantastic options for investment on this well maintained duplex on the redline in Meridian Kessler. This location is sought after by renters and homeowners alike. Beautiful wood floors. Many mechanical updates including new plumbing, water heaters and furnace. Half baths on the main create functional floor plans. Plenty of room for increased equity and cap rate for both units. Both sides are currently leased but 3926 tenant willing to relocate at closing if needed.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Owner Pays: Taxes
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 220000
  • Road Access: CityStreet

Garage/Parking

  • Unit Parking: 2 Car Space
  • Auto Parking: 2

Utilities

  • Solid Waste: 1
  • HVAC: Both AC units are new.

Fee Information

  • Expenses: 10000

Lot Info

  • Current Use: Residential
  • Parcel Number: 490613125047000801
  • Zoning: D5
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks,Street Lights,Not In Subdivision
  • Lot Number: 172
  • Lot Size: 6,050

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Insurance, All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2694
  • Semi Annual Property Tax Amt: 1347
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2022
Sold by
K And J Pyle Family Limited Partnership
Bought by
Murphy John Ts
Current Estimated Value
$305,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Outstanding Balance
$143,651
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$169,283

Purchase Details

Listed on
Mar 10, 2020
Closed on
Jun 10, 2020
Sold by
K And J Pyle Family Limited Partnership
Bought by
Murphy John Ts
Seller's Agent
Jenni Bliss McMillion
@properties
Buyer's Agent
Alice Steppe
Real Broker, LLC
List Price
$220,000
Sold Price
$205,000
Premium/Discount to List
-$15,000
-6.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%
Original Mortgage
$153,750
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 20, 2018
Closed on
May 25, 2018
Seller's Agent
John Creamer
CENTURY 21 Scheetz
Buyer's Agent
Jennifer Bliss
@properties
List Price
$190,000
Sold Price
$187,000
Premium/Discount to List
-$3,000
-1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.58%

Purchase Details

Closed on
Jun 8, 2016
Sold by
Simonds Robert
Bought by
Gordon Properties Group 2 Llc

Purchase Details

Listed on
Nov 14, 2014
Closed on
Jul 23, 2015
Sold by
Holden Kristina M
Bought by
Simonds Robert
Seller's Agent
Peggy Hoffman
The Elite Advantage, Inc.
Buyer's Agent
Kurt Flock
Flock Realty, Inc.
List Price
$129,900
Sold Price
$84,000
Premium/Discount to List
-$45,900
-35.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.81%
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 Buyer Sale Price Title Company
Murphy John Ts -- Hall Render Killian Heath & Ly
Murphy John Ts -- Hall Render Killian Heath & Ly
-- $187,000 --
Pyle Trust $187,000 Enterprise Title
Gordon Properties Group 2 Llc -- None Available
Simonds Robert -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murphy John Ts $153,750
Previous Owner Murphy John Ts $153,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2020 06/10/20 Sold $205,000 -6.8% $159 / Sq Ft
04/11/2020 04/11/20 Pending -- -- --
04/06/2020 04/06/20 For Sale $220,000 0.0% $171 / Sq Ft
03/14/2020 03/14/20 Pending -- -- --
03/10/2020 03/10/20 For Sale $220,000 +17.6% $171 / Sq Ft
05/25/2018 05/25/18 Sold $187,000 -1.6% $145 / Sq Ft
05/01/2018 05/01/18 Pending -- -- --
04/20/2018 04/20/18 For Sale $190,000 +126.2% $148 / Sq Ft
07/27/2015 07/27/15 Sold $84,000 -35.3% $130 / Sq Ft
07/27/2015 07/27/15 Pending -- -- --
11/14/2014 11/14/14 For Sale $129,900 -- $202 / 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 $5,020 $206,600 $32,400 $174,200
2023 $5,020 $206,600 $32,400 $174,200
2022 $5,182 $216,200 $32,400 $183,800
2021 $4,709 $199,100 $30,700 $168,400
2020 $4,291 $185,300 $30,700 $154,600
2019 $2,937 $124,400 $30,700 $93,700
2018 $2,805 $113,100 $30,700 $82,400
2017 $2,476 $111,500 $30,700 $80,800
2016 $1,938 $95,800 $30,700 $65,100
2014 $1,459 $95,300 $30,700 $64,600
2013 $1,523 $170,800 $30,700 $140,100
Source: Public Records

Agents Affiliated with this Home

  • Jenni Bliss McMillion

    Seller's Agent in 2020

    Jenni Bliss McMillion

    @properties

    (317) 869-5962

    7 in this area

    211 Total Sales

    Jenni Bliss McMillion
    Section Image

  • A

    Buyer's Agent in 2020

    Alice Steppe

    Real Broker, LLC

    Section Image
  • John Creamer

    Seller's Agent in 2018

    John Creamer

    CENTURY 21 Scheetz

    (317) 250-5646

    28 in this area

    167 Total Sales

    John Creamer
    Section Image
  • Rick Elson

    Seller Co-Listing Agent in 2018

    Rick Elson

    CENTURY 21 Scheetz

    (317) 490-5646

    14 in this area

    141 Total Sales

    Rick Elson
    Section Image

  • J

    Buyer's Agent in 2018

    Jennifer Bliss

    @properties

    Section Image

  • P

    Seller's Agent in 2015

    Peggy Hoffman

    The Elite Advantage, Inc.

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21697215

MIBOR Broker Listing Cooperative®

APN: 49-06-13-125-047.000-801

Indiana Marion County Indianapolis 46205 Meridian Kessler

3926 N College Ave, Indianapolis, IN

This home is located at 3926 N College Ave, Indianapolis, IN 46205 since 10 March 2020 and is currently estimated at $305,500, approximately $237 per square foot. This property was built in 1920. 3926 N College Ave is a home located in Marion County with nearby schools including James Whitcomb Riley School 43, 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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