NOT LISTED FOR SALE

417 Arthur Ave Indianapolis, IN 46222

Garden City Neighborhood

Estimated Value: $126,000 - $145,629

1 Bed
-- Bath
575 Sq Ft
$240/Sq Ft Est. Value

Last Sold August 29, 2019

Last sale price $90,000 $157 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $942/month

131 Days on Market

Highlights

  • A-Frame Home
  • Ben Davis University High School Rated A
  • 1-Story Property

About This Home

As of August 2019

Wonderful duplex in the heart of the Racing Capitol of the World! Close to all downtown colleges and Indianapolis. The tenants pay utilities except for water. This property was completely converted over to electric. Both units also have their own basement with separate rooms! This is a great income producing property to add to your portfolio.

Last Agent to Sell the Property

Stephen Thomson

Listed on: 03/13/2019

Last Buyer's Agent

Dennis Weaver

My Agent

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,220

Year Built

  • Built in 1958

Lot Details

  • 5,227

Home Design

  • A-Frame Home
  • Brick Exterior Construction

Additional Features

  • 1-Story Property
  • 5,227 Sq Ft Lot
  • Basement

Community Details

  • Michigan Terrace Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, insurance, lawncare
  • The owner pays for water
  • Assessor Parcel Number 49-11-05-107-031.000-982

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,220

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: A-Frame
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1958
  • Lot Size Acres: 0.12
  • Road Frontage Type: City Street
  • Structure Type: Duplex
  • Subdivision Name: MICHIGAN TERRACE
  • Inspection Warranties: Not Applicable
  • Property Description: Wonderful duplex in the heart of the Racing Capitol of the World! Close to all downtown colleges and Indianapolis. The tenants pay utilities except for water. This property was completely converted over to electric. Both units also have their own basement with separate rooms! This is a great income producing property to add to your portfolio.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: One
  • Owner Pays: Water
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable

Garage/Parking

  • Unit Parking: Paved Area

Utilities

  • Solid Waste: 1

Lot Info

  • Parcel Number: 49-11-05-107-031.000-982
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks,Street Lights
  • Lot Number: 26
  • Lot Size: 5271

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Insurance, Lawncare

Multi Family

  • Net Operating Income: 12510

Tax Info

  • Tax Annual Amount: 1220
  • Semi Annual Property Tax Amt: 610
  • Tax Exemption: HomesteadTaxExemption

MLS Schools

  • School District: Wayne Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2019
Sold by
Kosenko Oleh
Bought by
Oleh Llc
Current Estimated Value
$137,876

Purchase Details

Listed on
Mar 13, 2019
Closed on
Aug 29, 2019
Sold by
Wilcox Management Corp
Bought by
Kosenko Oleh
Seller's Agent
Stephen Thomson
Buyer's Agent
Dennis Weaver
My Agent
List Price
$105,000
Sold Price
$90,000
Premium/Discount to List
-$15,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.16%
Original Mortgage
$67,500
Interest Rate
3.7%
Mortgage Type
New Conventional
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
Oleh Llc -- None Available
Kosenko Oleh $90,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kosenko Oleh $67,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2019 08/29/19 Sold $90,000 -14.3% $157 / Sq Ft
07/23/2019 07/23/19 Pending -- -- --
04/19/2019 04/19/19 For Sale $105,000 0.0% $183 / Sq Ft
03/20/2019 03/20/19 Pending -- -- --
03/13/2019 03/13/19 For Sale $105,000 -- $183 / 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 $2,604 $115,500 $2,700 $112,800
2023 $2,604 $106,500 $2,700 $103,800
2022 $2,546 $106,500 $2,700 $103,800
2021 $2,019 $71,100 $2,700 $68,400
2020 $1,737 $60,700 $2,700 $58,000
2019 $1,660 $57,900 $2,700 $55,200
2018 $1,301 $51,300 $2,700 $48,600
2017 $1,314 $51,900 $2,700 $49,200
2016 $1,176 $46,100 $2,700 $43,400
2014 $826 $41,300 $2,700 $38,600
2013 $854 $42,700 $2,700 $40,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Stephen Thomson

  • D

    Buyer's Agent in 2019

    Dennis Weaver

    My Agent

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21626874

MIBOR Broker Listing Cooperative®

APN: 49-11-05-107-031.000-982

Indiana Marion County Indianapolis 46222 Garden City

417 Arthur Ave, Indianapolis, IN

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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.

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