NOT LISTED FOR SALE

448 N State Ave Indianapolis, IN 46201

Holy Cross Neighborhood

Estimated Value: $476,000 - $480,843

3 Beds
-- Bath
-- Sq Ft
4,960 Sq Ft Lot

Last Sold October 25, 2024

Last sale price $455,000

Est. 5% increase in value since last sale

Current estimated payment $2,782/month

91 Days on Market

About This Home

As of October 2024

Holy Cross incredible investment opportunity! 4 units that reflect quality workmanship in every room makes this a great home for an owner occupant or investor. Current tenants are program tenants with utilities included in the rent but the units are all separately metered. Market rent is substantially higher than the current rents being collected. There is one unit vacant for easy showings and one tenant is MTM, one lease expires end of July and the other August.

Last Agent to Sell the Property

Charlene Gaard

No Limit Real Estate, LLC Brokerage Email: charlenegaard@aol.com License #RB14033327 Listed on: 05/28/2024

Co-Listed By

Rob Gaard

No Limit Real Estate, LLC Brokerage Email: charlenegaard@aol.com License #RB17001433

Last Buyer's Agent

Bunmi Famosinpe

eXp Realty, LLC

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,356

Year Built

  • Built in 1910

Lot Details

  • 4,960 Sq Ft Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Cement Siding

Interior Spaces

  • 2-Story Property
  • Basement

Community Details

  • Kollers Subdivision
  • No Laundry Facilities

Listing and Financial Details

  • Tenant pays for no utilities
  • The owner pays for electricity, gas, sewer, water
  • Tax Lot 49-10-06-122-009.000-101
  • Assessor Parcel Number 491006122009000101
  • Seller Concessions Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,356

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1910
  • Lot Size Acres: 0.11
  • Structure Type: Quadruplex
  • Subdivision Name: Kollers
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: charlenegaard@aol.com
  • Attribution Contact: charlenegaard@aol.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: Electricity, Gas, Sewer, Water
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Cement Siding
  • Road Access: County Rd

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Laundry Features: No Laundry Facil.
  • Solid Waste: Yes

Lot Info

  • Lot Features: Corner Lot, Sidewalks
  • Property Attached Yn: Yes
  • Current Use: Apt>20
  • Lot Size Sq Ft: 4960
  • Parcel Number: 491006122009000101
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: No Utilities

Tax Info

  • Tax Annual Amount: 2356
  • Tax Lot: 49-10-06-122-009.000-101
  • Semi Annual Property Tax Amt: 1178

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2024
Closed on
Oct 24, 2024
Sold by
Cornerstone Home Properties Llc
Bought by
Ikumapayi Victor
Seller's Agent
Charlene Gaard
No Limit Real Estate, LLC
Buyer's Agent
Bunmi Famosinpe
eXp Realty, LLC
List Price
$495,000
Sold Price
$455,000
Premium/Discount to List
-$40,000
-8.08%
Views
87
Current Estimated Value
$478,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,422
Avg. Annual Appreciation
4.58%
Original Mortgage
$439,814
Outstanding Balance
$434,142
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$44,280

Purchase Details

Listed on
Mar 27, 2018
Closed on
Aug 30, 2018
Sold by
Bruce R Baird Exec Dir
Bought by
Zuetel Member Bryan
Seller's Agent
Bruce Baird
Intend Indiana, Inc.
Buyer's Agent
Bruce Baird
Intend Indiana, Inc.
List Price
$55,000
Sold Price
$55,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.92%

Purchase Details

Closed on
Dec 21, 2017
Sold by
Marion County Auditor
Bought by
Haute Garonne Llc

Purchase Details

Closed on
May 18, 2005
Sold by
Haute Garonne Llc
Bought by
Hughes Carol Coleman
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
Ikumapayi Victor -- Eagle Land Title
Zuetel Member Bryan $55,000 --
Cornerstone Home Properties Llc $30,250 Meridian Title Corporation
Renew Indianapolis Inc $30,250 Meridian Title Corporation
Haute Garonne Llc -- --
Hughes Carol Coleman $65,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ikumapayi Victor $439,814
Closed Hughes Carol Coleman $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2024 10/25/24 Sold $455,000 -4.2% --
08/28/2024 08/28/24 Pending -- -- --
08/16/2024 08/16/24 Price Changed $475,000 -4.0% --
05/28/2024 05/28/24 For Sale $495,000 +800.0% --
08/30/2018 08/30/18 Sold $55,000 0.0% -- View Prior Sale
05/24/2018 05/24/18 Pending -- -- --
03/27/2018 03/27/18 For Sale $55,000 -- --
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 $3,196 $211,200 $6,900 $204,300
2023 $3,196 $127,000 $3,400 $123,600
2022 $2,538 $99,800 $3,400 $96,400
2021 $2,224 $88,600 $3,100 $85,500
2020 $2,230 $88,600 $3,100 $85,500
2019 $3,540 $84,900 $3,100 $81,800
2018 $2,648 $84,900 $3,100 $81,800
2017 $3,771 $81,600 $3,100 $78,500
2016 $2,884 $77,100 $3,100 $74,000
2014 $1,654 $76,500 $3,100 $73,400
2013 $1,590 $76,500 $3,100 $73,400
Source: Public Records

Agents Affiliated with this Home

  • Charlene Gaard

    Seller's Agent in 2024

    Charlene Gaard

    No Limit Real Estate, LLC

    (317) 440-2149

    3 in this area

    255 Total Sales

    Charlene Gaard
    Section Image
  • Rob Gaard

    Seller Co-Listing Agent in 2024

    Rob Gaard

    No Limit Real Estate, LLC

    (317) 445-1095

    2 in this area

    78 Total Sales

    Rob Gaard
    Section Image

  • B

    Buyer's Agent in 2024

    Bunmi Famosinpe

    eXp Realty, LLC

    Section Image

  • B

    Seller's Agent in 2018

    Bruce Baird

    Intend Indiana, Inc.

    (317) 932-3772

    53 Total Sales

    Bruce Baird
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21979927

MIBOR Broker Listing Cooperative®

APN: 49-10-06-122-009.000-101

Indiana Marion County Indianapolis 46201 Holy Cross

448 N State Ave, Indianapolis, IN

Not Listed for Sale

MultiFamily

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