NOT LISTED FOR SALE

400 N Grant Ave Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $135,000 - $168,000

2 Beds
-- Bath
1,308 Sq Ft
$116/Sq Ft Est. Value

Sale Details

Date Sold: December 8, 2020

Last sale price $60,000 $46 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $1,100 / mo

37 Days on Market

About This Home

As of December 2020

Attention investors! Opportunity is knocking on the near Eastside in this Tuxedo Park duplex. Don't let the unkempt yard and landscaping stop you from looking inside. This is really a great property and a proven money maker. Was just recently rented for $595 per month per unit. Main floor features traditional layout with large living room with fireplace, dining room, kitchen and half bath. Upper level features three bedrooms and full bath. Same owner for several years is simply retiring from the rental business. This is also an opportunity for an owner to live in one unit and rent out the other half. Photos are of the 400 unit. Property is being sold as-is.

Last Agent to Sell the Property

Rob Measel

F.C. Tucker Company License #RB14022044 Listed on: 10/16/2020

F.C. Tucker Company

Co-Listed By

Brittany A. Faulkner

CENTURY 21 Scheetz License #RB19001716

Last Buyer's Agent

Sarah Fishburn

F.C. Tucker Company

F.C. Tucker Company

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 8,712 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Traditional Architecture
  • Aluminum Siding

Interior Spaces

  • 2-Story Property

Community Details

  • Tuxedo Park Subdivision

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • The owner pays for inshazard insurance sewer trash collection water
  • Assessor Parcel Number 491004119225000101

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1915
  • Co List Office Phone: 317-489-3441
  • Lot Size Acres: 0.2
  • Structure Type: Duplex
  • Subdivision Name: TUXEDO PARK
  • Inspection Warranties: Not Applicable
  • Property Description: Attention investors! Opportunity is knocking on the near Eastside in this Tuxedo Park duplex. Don't let the unkempt yard and landscaping stop you from looking inside. This is really a great property and a proven money maker. Was just recently rented for $595 per month per unit. Main floor features traditional layout with large living room with fireplace, dining room, kitchen and half bath. Upper level features three bedrooms and full bath. Same owner for several years is simply retiring from the rental business. This is also an opportunity for an owner to live in one unit and rent out the other half. Photos are of the 400 unit. Property is being sold as-is.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: InsHazard,Insurance,Sewer,Trash Collection,Water
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • Exterior Features: Fence Full Rear

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Solid Waste: 0

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 491004119225000101
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks
  • Lot Number: 10
  • Lot Size: 40x135

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas

Tax Info

  • Tax Annual Amount: 2176
  • Semi Annual Property Tax Amt: 1088
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2021
Sold by
Rickey Jon
Bought by
Indy Boo Boo Llc
Current Estimated Value
$151,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,699,000
Outstanding Balance
$2,414,527
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
-$2,263,027

Purchase Details

Listed on
Oct 16, 2020
Closed on
Jan 13, 2021
Sold by
Confiance Property Group Llc
Bought by
Rickey Jon
Seller's Agent
Rob Measel
F.C. Tucker Company
Buyer's Agent
Sarah Fishburn
F.C. Tucker Company
List Price
$95,000
Sold Price
$60,000
Premium/Discount to List
-$35,000
-36.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.90%

Purchase Details

Listed on
Oct 16, 2020
Closed on
Dec 8, 2020
Sold by
Confiance Property Group Llc
Bought by
Rickey Jon
Seller's Agent
Rob Measel
F.C. Tucker Company
Buyer's Agent
Sarah Fishburn
F.C. Tucker Company
List Price
$95,000
Sold Price
$60,000
Premium/Discount to List
-$35,000
-36.84%

Purchase Details

Closed on
Feb 17, 2009
Sold by
Massela Jacqueline
Bought by
Confiance Property Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,250
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 16, 2009
Sold by
Tr Capital Llc
Bought by
Massela Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,250
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 2008
Sold by
Wells Fargo Bank Na
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Mar 12, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Tr Capital Llc

Purchase Details

Closed on
Oct 29, 2007
Sold by
Moore Albert J
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Feb 25, 2005
Sold by
Foust Shirley and Kryzanski Shirley
Bought by
Moore Albert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Indy Boo Boo Llc -- None Available
Rickey Jon -- None Listed On Document
Rickey Jon -- None Available
Confiance Property Group Llc -- None Available
Massela Jacqueline -- Mattingly Forst Title Servic
Deutsche Bank National Trust Company -- Ash Title Agency Llc
Tr Capital Llc $21,000 Ash Title Agency Llc
Wells Fargo Bank Na $52,000 None Available
Moore Albert J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Indy Boo Boo Llc $2,699,000
Previous Owner Massela Jacqueline $59,250
Previous Owner Moore Albert J $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2020 12/08/20 Sold $60,000 -36.8% $46 / Sq Ft
11/22/2020 11/22/20 Pending -- -- --
11/19/2020 11/19/20 For Sale $95,000 0.0% $73 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
10/29/2020 10/29/20 For Sale $95,000 0.0% $73 / Sq Ft
10/18/2020 10/18/20 Pending -- -- --
10/15/2020 10/15/20 For Sale $95,000 -- $73 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 $3,491 $144,900 $7,300 $137,600
2024 $3,424 $147,100 $7,300 $139,800
2023 $3,424 $139,300 $7,300 $132,000
2022 $3,303 $134,900 $7,300 $127,600
2021 $2,269 $93,300 $7,300 $86,000
2020 $2,296 $94,200 $2,200 $92,000
2019 $2,289 $92,200 $2,200 $90,000
2018 $2,757 $88,200 $2,200 $86,000
2017 $1,837 $81,400 $2,200 $79,200
2016 $1,649 $74,200 $2,200 $72,000
2014 $1,520 $70,300 $2,200 $68,100
2013 $1,950 $73,300 $2,200 $71,100
Source: Public Records

Agents Affiliated with this Home

  • Rob Measel

    Seller's Agent in 2020

    Rob Measel

    F.C. Tucker Company

    (812) 208-0498

    19 in this area

    222 Total Sales

    Rob Measel
    Section Image
  • Brittany A. Faulkner

    Seller Co-Listing Agent in 2020

    Brittany A. Faulkner

    CENTURY 21 Scheetz

    (317) 529-1048

    5 in this area

    74 Total Sales

    Brittany A. Faulkner
    Section Image

  • S

    Buyer's Agent in 2020

    Sarah Fishburn

    F.C. Tucker Company

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21745563

MIBOR Broker Listing Cooperative®

APN: 49-10-04-119-225.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

400 N Grant Ave, Indianapolis, IN

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.
Based on information submitted to the MLS GRID

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