NOT LISTED FOR SALE

401 E 38th St Indianapolis, IN 46205

Mapleton-Fall Creek Neighborhood

Estimated Value: $465,000

-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Last Sold October 22, 2021

Last sale price $321,000

Est. 45% increase in value since last sale

Current estimated payment $2,993/month

8 Days on Market

About This Home

As of October 2021

The Northview Flats, a fantastic investment asset in the heart of Indianapolis, now available. Units are 2 bed/1 bath, 3 of 4 occupied. Awesome architecture inside and out. Needs a little love, but at this price, plenty of room for the next owner to build equity, and certainly a great hold asset for the foreseeable future. Don't sleep on this opportunity!

Last Agent to Sell the Property

Nicholas Krudy

Indy Real Estate Consulting License #RB14050622 Listed on: 08/25/2021

Last Buyer's Agent

Brenton White

Keller Williams Indy Metro NE

Keller Williams Indy Metro NE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,708

Year Built

  • 1920

Lot Details

  • 6,098

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,708

Year Built

1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Residential Units - 1 to 4
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Architectural Style: TraditonalAmerican
  • Directions: From 38th & Meridian St, head east on 38th St to the property located on the right (south). Driveway is just east of the building and goes around to parking spaces in rear.
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: Apartment Building
  • Subdivision Name: WACEMA PLACE WASHINGTON PARK ADD
  • Special Features: None
  • Year Built: 1920

Interior Features

  • Sq Ft Main Upper: 0
  • Laundry: Other
  • Owner Pays: Sewer, Water

Exterior Features

  • Construction Type: Brick
  • Disclosures: Not Applicable

Garage/Parking

  • Unit Parking: Other

Utilities

  • Solid Waste: 1

Lot Info

  • Acres: <1/4 Acre
  • Lot Information: Access Street,Busline,Curbs,Sidewalks,Street Lights
  • Lot Number: 34
  • Lot Size: 6,098

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity, Gas

Tax Info

  • Semi Annual Property Tax Amt: 1854
  • Tax Exemption: None
  • Tax Annual Amount: 3708
  • Tax Year: 2020

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Oct 18, 2021
Sold by
Stierwalt Jeremy T
Bought by
Enterprise Real Estate Properties Llc
Seller's Agent
Nicholas Krudy
Indy Real Estate Consulting
Buyer's Agent
Brenton White
Keller Williams Indy Metro NE
List Price
$314,900
Sold Price
$321,000
Premium/Discount to List
$6,100
1.94%
Current Estimated Value
$465,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,000
Avg. Annual Appreciation
9.20%
Original Mortgage
$375,000
Outstanding Balance
$342,361
Interest Rate
2.88%
Mortgage Type
Commercial
Estimated Equity
$122,639

Purchase Details

Closed on
Mar 17, 2021
Sold by
Not Given
Bought by
Stierwalt Jeremy T

Purchase Details

Closed on
Dec 21, 2020
Sold by
Stierwalt Jeremy T
Bought by
Baker Dave

Purchase Details

Closed on
Oct 14, 2008
Sold by
Stanich Charles D
Bought by
Stierwalt Jeremy T
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
Enterprise Real Estate Properties Llc $321,000 None Available
Stierwalt Jeremy T -- --
Baker Dave -- None Available
Stierwalt Jeremy T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Enterprise Real Estate Properties Llc $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2021 10/22/21 Sold $321,000 +1.9% --
09/03/2021 09/03/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $314,900 -- --
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 $6,765 $424,300 $59,300 $365,000
2023 $6,765 $280,500 $59,300 $221,200
2022 $9,994 $231,900 $59,300 $172,600
2021 $3,798 $160,100 $53,900 $106,200
2020 $3,808 $160,100 $53,900 $106,200
2019 $3,766 $155,400 $53,900 $101,500
2018 $3,796 $155,400 $53,900 $101,500
2017 $3,311 $151,700 $53,900 $97,800
2016 $3,124 $146,200 $53,900 $92,300
2014 $3,053 $141,200 $53,900 $87,300
2013 $2,936 $141,200 $53,900 $87,300
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Krudy

    Seller's Agent in 2021

    Nicholas Krudy

    Indy Real Estate Consulting

    (317) 435-7030

    4 in this area

    40 Total Sales

    Nicholas Krudy
    Section Image

  • B

    Buyer's Agent in 2021

    Brenton White

    Keller Williams Indy Metro NE

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21809214

MIBOR Broker Listing Cooperative®

APN: 49-06-24-154-017.000-101

Indiana Marion County Indianapolis 46205 Mapleton-Fall Creek

401 E 38th St, Indianapolis, IN

Not Listed for Sale

MultiFamily

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