$80,000
SOLD APR 15, 2019

427 N State Ave Indianapolis, IN 46201

Near Eastside Neighborhood
-- Bed
-- Bath
1,560 Sq Ft
4,574 Sq Ft Lot

Recently Sold

$51 Per Sq Ft

11% Below List Price

3 Days on Market

About This Home

As of September 2024

**HOLY CROSS/ARSENAL HEIGHTS FIXER-UPPER** Take advantage of this area's redevelopment by owning your own investment property. Not for the rookie investor, this enormous duplex has been taken to the studs and is ready for your magical touches. Multiple exit strategies....convert to a large over 3000 sq foot single family, subdivide into two townhomes, or fix and keep as a strong buy and hold to your portfolio. Priced well below what some empty lots have sold for. Plenty of home sales over $400,000 near by.

Last Agent to Sell the Property

Brian Pachciarz

Estansion Group by BLP License #RB14042294 Listed on: 03/26/2019

Last Buyer's Agent

Erin Donlan

Highgarden Real Estate

Highgarden Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,340

Year Built

  • Built in 1900

Home Design

  • Vinyl Construction Material

Additional Features

  • 2-Story Property
  • 4,574 Sq Ft Lot

Community Details

  • J M Ridenours 2Nd Add Subdivision

Listing and Financial Details

  • Tenant pays for notapplic
  • The owner pays for notapplic
  • Assessor Parcel Number 491006154025000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,340

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Arts&Crafts/Craftsman
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1900
  • Lot Size Acres: 0.105
  • Structure Type: Duplex
  • Subdivision Name: J M RIDENOURS 2ND ADD
  • Inspection Warranties: Not Applicable
  • Property Description: **HOLY CROSS/ARSENAL HEIGHTS FIXER-UPPER** Take advantage of this area's redevelopment by owning your own investment property. Not for the rookie investor, this enormous duplex has been taken to the studs and is ready for your magical touches. Multiple exit strategies....convert to a large over 3000 sq foot single family, subdivide into two townhomes, or fix and keep as a strong buy and hold to your portfolio. Priced well below what some empty lots have sold for. Plenty of home sales over $400,000 near by.
  • Transaction Type: Sale
  • Unit Count: 1
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: NotApplic
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Other

Exterior Features

  • Construction Materials: Vinyl With Brick
  • Disclosures: Not Applicable
  • List Price: 89900

Garage/Parking

  • Unit Parking: Other

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 0

Lot Info

  • Parcel Number: 491006154025000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley
  • Lot Number: 39
  • Lot Size: 4,574

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: NotApplic

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1340
  • Semi Annual Property Tax Amt: 670
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
Sep 17, 2024
Sold by
Agrelli Capital Llc
Bought by
Harton Ted and Sherzai Nazeela
Seller's Agent
Cleia and Ben Tupper
Keller Williams Indy Metro S
Buyer's Agent
Robert Harton
Artisan, REALTORS®
List Price
$450,000
Sold Price
$370,000
Premium/Discount to List
-$80,000
-17.78%
Views
91
Current Estimated Value
$393,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,317
Avg. Annual Appreciation
7.74%
Original Mortgage
$351,500
Outstanding Balance
$349,553
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$43,764

Purchase Details

Listed on
Nov 6, 2020
Closed on
Nov 25, 2020
Sold by
Mattox Property Group Llc
Bought by
Agrelli Capital Llc
Seller's Agent
Faith Leininger
Berkshire Hathaway Home
Buyer's Agent
Faith Leininger
Berkshire Hathaway Home
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.79%

Purchase Details

Listed on
Jul 1, 2020
Closed on
Aug 12, 2020
Sold by
Financial Freedom Investments Llc
Bought by
Mattox Property Group Llc
Seller's Agent
Barbara Whiteside
Keller Williams Indy Metro NE
Buyer's Agent
Faith Leininger
Berkshire Hathaway Home
List Price
$150,000
Sold Price
$120,000
Premium/Discount to List
-$30,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
96.57%

Purchase Details

Listed on
Mar 26, 2019
Closed on
Apr 15, 2019
Sold by
Redevelopment Indy Llc
Bought by
Financial Freedom Investments Llc
Seller's Agent
Brian Pachciarz
Estansion Group by BLP
Buyer's Agent
Erin Donlan
Highgarden Real Estate
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.64%

Purchase Details

Listed on
Mar 26, 2019
Closed on
Mar 25, 2019
Sold by
Pace Paul M and Vincent Paul Pace Estate
Bought by
Redevelop Indy Llc
Seller's Agent
Brian Pachciarz
Estansion Group by BLP
Buyer's Agent
Erin Donlan
Highgarden Real Estate
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $370,000 None Listed On Document
Warranty Deed $145,000 Ata National Title
Limited Warranty Deed $120,000 Ata National Title
Warranty Deed $80,000 Hocker Title
Personal Reps Deed $48,000 Hocker And Associates
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $351,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2024 09/19/24 Sold $370,000 -7.5% $95 / Sq Ft
07/07/2024 07/07/24 Pending -- -- --
06/10/2024 06/10/24 Price Changed $400,000 -5.9% $103 / Sq Ft
05/25/2024 05/25/24 Price Changed $425,000 -5.6% $109 / Sq Ft
05/02/2024 05/02/24 For Sale $450,000 +210.3% $115 / Sq Ft
11/25/2020 11/25/20 Sold $145,000 -3.3% $37 / Sq Ft
11/10/2020 11/10/20 Pending -- -- --
11/06/2020 11/06/20 For Sale $150,000 +25.0% $38 / Sq Ft
08/13/2020 08/13/20 Sold $120,000 -14.3% $31 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
07/27/2020 07/27/20 Price Changed $140,000 -6.7% $36 / Sq Ft
07/15/2020 07/15/20 For Sale $150,000 0.0% $38 / Sq Ft
07/08/2020 07/08/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $150,000 +87.5% $38 / Sq Ft
04/15/2019 04/15/19 Sold $80,000 -11.0% $51 / Sq Ft
03/30/2019 03/30/19 Pending -- -- --
03/26/2019 03/26/19 For Sale $89,900 -- $58 / 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 $8,437 $343,600 $14,600 $329,000
2023 $8,437 $336,200 $14,600 $321,600
2022 $5,134 $315,100 $14,600 $300,500
2021 $3,781 $159,600 $14,600 $145,000
2020 $3,323 $143,500 $2,300 $141,200
2019 $1,589 $67,300 $2,300 $65,000
2018 $2,033 $65,700 $2,300 $63,400
2017 $1,434 $63,100 $2,300 $60,800
2016 $1,231 $57,300 $2,300 $55,000
2014 $1,170 $54,100 $2,300 $51,800
2013 $967 $54,000 $2,300 $51,700
Source: Public Records

Agents Affiliated with this Home

  • Cleia and Ben Tupper

    Seller's Agent in 2024

    Cleia and Ben Tupper

    Keller Williams Indy Metro S

    (317) 450-3669

    13 in this area

    241 Total Sales

    Cleia and Ben Tupper
    Section Image

  • R

    Buyer's Agent in 2024

    Robert Harton

    Artisan, REALTORS®

    4 in this area

    31 Total Sales

    Robert Harton
    Section Image
  • Barbara Whiteside

    Seller's Agent in 2020

    Barbara Whiteside

    Keller Williams Indy Metro NE

    (317) 414-3262

    25 in this area

    261 Total Sales

    Barbara Whiteside
    Section Image

  • F

    Seller's Agent in 2020

    Faith Leininger

    Berkshire Hathaway Home

    (317) 417-0708

    5 in this area

    46 Total Sales

    Faith Leininger
    Section Image
  • Brian Pachciarz

    Seller's Agent in 2019

    Brian Pachciarz

    Estansion Group by BLP

    (317) 331-6765

    3 in this area

    64 Total Sales

    Brian Pachciarz
    Section Image

  • E

    Buyer's Agent in 2019

    Erin Donlan

    Highgarden Real Estate

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21629138

MIBOR Broker Listing Cooperative®

APN: 49-10-06-154-025.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

427 N State Ave, Indianapolis, IN

This home is located at 427 N State Ave, Indianapolis, IN 46201 and is currently priced at $80,000, approximately $51 per square foot. This property was built in 1900. 427 N State Ave is a home located in Marion County with nearby schools including Washington Irving School 14, Arsenal Technical High School, and George Washington Community High School (9-12).

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® 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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