NOT LISTED FOR SALE

401 E 38th St Indianapolis, IN 46205

Mapleton-Fall Creek Neighborhood

Estimated Value: $471,000

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

Sale Details

Date Sold: October 22, 2021

Last sale price $321,000

Est. 47% increase in value since last sale

Current estimated payment $3,378 / mo

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

6,098 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Oct 18, 2021
Sold by
Bought by
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
$471,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,000
Avg. Annual Appreciation
8.56%
Original Mortgage
$375,000
Outstanding Balance
$338,667
Interest Rate
2.88%
Mortgage Type
Commercial
Estimated Equity
$132,333

Purchase Details

Closed on
Mar 17, 2021
Sold by
Bought by

Purchase Details

Closed on
Dec 21, 2020
Sold by
Bought by

Purchase Details

Closed on
Oct 14, 2008
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$321,000 None Available
-- --
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $375,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,069 $426,600 $59,300 $367,300
2024 $6,765 $424,300 $59,300 $365,000
2023 $6,765 $280,500 $59,300 $221,200
2022 $6,117 $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

  • N

    Seller's Agent in 2021

    Nicholas Krudy

    Indy Real Estate Consulting

    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

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® 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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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