NOT LISTED FOR SALE

4040 Rookwood Ave Indianapolis, IN 46208

Butler-Tarkington/Rocky Ripple Neighborhood

Estimated Value: $292,000 - $320,000

4 Beds
3 Baths
2,116 Sq Ft
$146/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $269,500 $127 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,364/month

25 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Fenced Yard
  • Backs to Open Ground
  • Corner Lot
  • 2 Car Attached Garage

About This Home

As of June 2023

Talk about potential! Within a mile to Butler University, this gated multifamily home sits on a corner lot with each unit at approximately 1,058 soft. Each unit has 2 bedrooms, 1 bath, a laundry room and an attached garage with extra driveway parking. Basement has many possibilities with 4 bedrooms and 1.5 baths, its own living space, laundry room. Basement has egress windows, its own entrance and parking pad. One unit has been completely and is move in ready, with a little TLC the second unit can be move in ready in no time! Utilities are metered separately except for water/sewer.

Last Agent to Sell the Property

Kayla Speer

Allen Realty Group Listed on: 05/09/2023

Last Buyer's Agent

RACI NonMember

NonMember RACI

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1999

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 75x125
  • Backs to Open Ground
  • Fenced Yard
  • Aluminum or Metal Fence
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Shingle Siding

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Finished Basement

  • Walk-Out Basement
  • 1 Bathroom in Basement

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Appliances

Schools

  • Allisonville Elementary School
  • Eastwood Middle School
  • North Central High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 49-06-14-125-126.000-801

Property Details

Home Type

Multi-Family

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1999
  • Age: 24
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: CULVER RIGGS & LYNNS SUB L146 & L147 & PTL145 BEG NE COR L147. P.O.B. S76.9' W125.05'. N79.6' E12
  • Parcel Number ID: 49-06-14-125-126.000-801
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Fenced Yard, Off Street Parking, Cable Available, Open Floor Plan, Water Heater Electric, Washer Hook-Up
  • Sp Lp Percent: 89.86
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 4232
  • Total Finished Sq Ft: 2116
  • Above Grade Finished Sq Ft: 2116
  • Below Grade Sq Ft: 2116
  • Price Per Sq Ft: 127.36
  • Basement: Yes
  • Basement Foundation: Walk-Out Basement, Partially Finished, Finished
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Vinyl Tile, Wood
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 2116
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 1
  • Number Ttl Rooms Below Grade: 6

Exterior Features

  • Exterior: Shingle
  • Fence: Metal
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 6
  • Parking: Garage

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity, Gas
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 3

Schools

  • School District: MSD of Washington Township
  • Elementary School: Allisonville
  • Middle School: Eastwood
  • High School: North Central
  • Elementary School: Allisonville

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 75X125
  • Estimated Lot Sq Ft: 9583
  • Estimated Lot Size Acres: 0.22

Green Features

  • Energy Efficient: Appliances

Tax Info

  • Annual Property Tax: 7489.32

Multi Family

  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2

MLS Schools

  • High School: North Central
  • Middle School: Eastwood
  • School District: MSD of Washington Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2023
Closed on
Jun 26, 2023
Sold by
Jc Wright Diversified Investments Llc
Bought by
Krulewitch Edward
Seller's Agent
Kayla Speer
Allen Realty Group
Buyer's Agent
RACI NonMember
NonMember RACI
List Price
$299,900
Sold Price
$269,500
Premium/Discount to List
-$30,400
-10.14%
Views
286
Current Estimated Value
$308,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,189
Avg. Annual Appreciation
7.39%
Original Mortgage
$200,000
Outstanding Balance
$124,327
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$190,965

Purchase Details

Closed on
Dec 20, 2018
Sold by
Bks Capital Llc
Bought by
Jc Wright Diversified Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 2018
Sold by
Ey Property Llc
Bought by
Jc Wright Diversified Investmensts Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2018

Purchase Details

Closed on
Jan 31, 2018
Sold by
Marion County Auditor
Bought by
Nebraska Alliance Realty Co

Purchase Details

Closed on
Mar 28, 2011
Sold by
Mckenzie Investments Inc
Bought by
Black Rook Llc

Purchase Details

Closed on
Feb 24, 2011
Sold by
Us Bank National Association Nd
Bought by
Mckenzie Investments Inc

Purchase Details

Closed on
Nov 30, 2010
Sold by
Shrock James K and Shrock Rachael L
Bought by
Us Bank National Association Nd
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
Krulewitch Edward $269,500 Stewart Title Company
Jc Wright Diversified Investments Llc -- Best Title
Jc Wright Diversified Investmensts Llc -- Best Title
-- $97,500 --
Bks Capital Llc $97,500 Best Title Services
Nebraska Alliance Realty Co $54,000 --
Black Rook Llc -- First American Title
Mckenzie Investments Inc -- None Available
Us Bank National Association Nd -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krulewitch Edward $200,000
Previous Owner Jc Wright Diversified Investme $100,000
Previous Owner Jc Wright Diversified Investme $150,000
Previous Owner Jc Wright Diversified Investments Llc $55,000
Previous Owner Jc Wright Diversified Investments Llc $50,000
Previous Owner Jc Wright Diversified Investmensts Llc $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2023 06/29/23 Sold $269,500 -10.1% $127 / Sq Ft
06/03/2023 06/03/23 Pending -- -- --
05/09/2023 05/09/23 For Sale $299,900 -- $142 / Sq Ft
Source: Indiana Regional MLS

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 $8,344 $324,800 $42,600 $282,200
2023 $8,344 $342,800 $42,600 $300,200
2022 $7,489 $342,800 $42,600 $300,200
2021 $5,826 $246,500 $14,200 $232,300
2020 $5,021 $211,000 $14,200 $196,800
2019 $4,691 $193,200 $14,200 $179,000
2018 $4,482 $182,900 $6,000 $176,900
2017 $4,173 $190,900 $6,000 $184,900
2016 $4,136 $193,500 $6,000 $187,500
2014 $3,846 $178,100 $6,000 $172,100
2013 $3,422 $164,700 $6,000 $158,700
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kayla Speer

    Allen Realty Group

    (765) 460-5177

    1 in this area

    20 Total Sales

    Kayla Speer
    Section Image

  • R

    Buyer's Agent in 2023

    RACI NonMember

    NonMember RACI

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Map

Source: Indiana Regional MLS

MLS Number: 202315119

Indiana Regional MLS

APN: 49-06-14-125-126.000-801

Indiana Marion County Indianapolis 46208 Butler-Tarkington/Rocky Ripple

4040 Rookwood Ave, Indianapolis, IN

This home is located at 4040 Rookwood Ave, Indianapolis, IN 46208 since 09 May 2023 and is currently estimated at $308,689, approximately $145 per square foot. This property was built in 1999. 4040 Rookwood 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.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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