NOT LISTED FOR SALE

402 E 38th St Indianapolis, IN 46205

Meridian Kessler Neighborhood

Estimated Value: $447,020 - $583,000

6 Beds
3.5 Baths
4,276 Sq Ft
$124/Sq Ft Est. Value

Last Sold July 19, 2023

Last sale price $295,000 $69 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,311/month

15 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Family or Dining Combination
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of July 2023

This spacious home offers 6 bedrooms, and 2 kitchens, and 3.5 baths, perfect for 2 generation family, or conversion to a Duplex. The home has nice features like hardwood floors , granite kitchen tops, newer dual furnaces, and designated parking. Selling "as is". Zoning is D-9 which permits multi-family, nursing home, group home, and assisted living home etc.

Last Agent to Sell the Property

Chizuki Lothamer

@properties Brokerage Email: chizuki@atpropertiesind.com License #RB19002241 Listed on: 06/11/2023

@properties

Last Buyer's Agent

Joel Mathews

@properties

@properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 2,138

Parking

  • Aggregate Flooring

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Family or Dining Combination
  • Wood Flooring
  • Electric Oven
  • Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Balcony
  • 2,138 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Mardosia Subdivision

Listing and Financial Details

  • Tax Lot 49-06-13-104-017.000-801
  • Assessor Parcel Number 490613104017000801

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Multi-Level
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1920
  • Building Area Total: 5345
  • Garage Y N: No
  • Lot Size Acres: 0.22
  • Subdivision Name: Mardosia
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: chizuki@atpropertiesind.com
  • Attribution Contact: chizuki@atpropertiesind.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Appliances: Gas Water Heater, Electric Oven
  • Levels: Two
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Interior Amenities: Hardwood Floors
  • Living Area: 4276
  • Eating Area: Dining Combo/Family Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 2138
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Upper Level Sq Ft: 2138
  • ResoLivingAreaSource: Plans

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Balcony
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Aggregate

Utilities

  • Cooling: Central Electric
  • Heating: Electric, Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Sidewalks

Lot Info

  • Property Attached Yn: No
  • Lot Size Sq Ft: 2138
  • Parcel Number: 490613104017000801
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Lot: 49-06-13-104-017.000-801
  • Semi Annual Property Tax Amt: 0
  • Tax Exemption: Other Tax Exemption/See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2023
Closed on
Jul 21, 2023
Sold by
Holy Spirit Association For The Unificat
Bought by
Metrospaces Llc
Seller's Agent
Chizuki Lothamer
@properties
Buyer's Agent
Joel Mathews
@properties
List Price
$360,000
Sold Price
$295,000
Premium/Discount to List
-$65,000
-18.06%
Views
173
Current Estimated Value
$532,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,007
Avg. Annual Appreciation
26.96%
Original Mortgage
$412,500
Interest Rate
6.69%
Mortgage Type
Balloon

Purchase Details

Listed on
Jun 11, 2023
Closed on
Jul 19, 2023
Sold by
Holy Spirit Association For The Unificat
Bought by
Metrospaces Llc
Seller's Agent
Chizuki Lothamer
@properties
Buyer's Agent
Joel Mathews
@properties
List Price
$360,000
Sold Price
$295,000
Premium/Discount to List
-$65,000
-18.06%
Views
173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
6.69%
Mortgage Type
Balloon
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
Metrospaces Llc $295,000 Foundation Title
Metrospaces Llc -- Foundation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Metrospaces Llc $412,500
Closed Metrospaces Llc $412,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2023 07/19/23 Sold $295,000 -7.8% $69 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
06/23/2023 06/23/23 Price Changed $320,000 -11.1% $75 / Sq Ft
06/11/2023 06/11/23 For Sale $360,000 -- $84 / 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 -- $416,400 $22,900 $393,500
2023 -- $459,700 $81,200 $378,500
2022 $0 $523,800 $81,200 $442,600
2021 $0 $372,000 $40,700 $331,300
2020 $0 $385,500 $40,700 $344,800
2019 $0 $385,500 $40,700 $344,800
2018 $0 $381,200 $40,700 $340,500
2017 $0 $374,700 $40,700 $334,000
2016 -- $366,100 $40,700 $325,400
2014 -- $356,500 $40,700 $315,800
2013 -- $356,500 $40,700 $315,800
Source: Public Records

Agents Affiliated with this Home

  • Chizuki Lothamer

    Seller's Agent in 2023

    Chizuki Lothamer

    @properties

    (317) 447-2372

    1 in this area

    60 Total Sales

    Chizuki Lothamer
    Section Image

  • J

    Buyer's Agent in 2023

    Joel Mathews

    @properties

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21925029

MIBOR Broker Listing Cooperative®

APN: 49-06-13-104-017.000-801

Indiana Marion County Indianapolis 46205 Meridian Kessler

402 E 38th St, Indianapolis, IN

Not Listed for Sale

Detached

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