NOT LISTED FOR SALE

4731 N Pennsylvania St Indianapolis, IN 46205

Meridian Kessler Neighborhood

Estimated Value: $592,000 - $1,066,000

4 Beds
6 Baths
2,199 Sq Ft
$345/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $472,875 $215 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $4,738/month

1 Day on Market

About This Home

As of February 2022

Rare opportunity to own all brick duplex on a corner lot w/ huge yard in the heart of desirable Meridian-Kessler! Location cant be beat at the quiet intersection of 48th and Penn! Both sides feature 3 bedrooms, 2.5 bathrooms, wood-burning fireplaces, and tons of storage and charm. One side is rent ready and has updated kitchen complete w/ SS appliances, granite counters, and open layout. Property has 2 car detached garage. Endless possibilities - Airbnb? Convert garage into Carriage House for more income? Create value by adding bedroom in the basement that already features full bathrooms? Massive single family home - owner has plans for that too! Grab one of the best pieces of real estate in the neighborhood today!

Last Agent to Sell the Property

Brett Mesalam

Brett Mesalam Listed on: 01/14/2022

Last Buyer's Agent

Adam Turner

eXp Realty, LLC

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,470

Year Built

  • Built in 1935

Lot Details

  • 10,049 Sq Ft Lot

Parking

  • 1 Car Garage

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction

Additional Features

  • Basement

Community Details

  • Meridian Heights Subdivision

Listing and Financial Details

  • Tenant pays for notapplic
  • The owner pays for notapplic
  • Assessor Parcel Number 490612229029000801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,470

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1935
  • Lot Size Acres: 0.2307
  • Subdivision Name: MERIDIAN HEIGHTS
  • Inspection Warranties: SeeRemarks
  • Transaction Type: Sale
  • Open House Count: 0
  • Open House Public Count: 0
  • Unit Count: 2
  • Conversion: 0
  • MBR_AttributionContact: brettmesalam@gmail.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Owner Pays: NotApplic
  • Sq Ft Main Upper: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • List Price: 485000

Garage/Parking

  • Garage Spaces: 1
  • Unit Parking: 2 Car Garage

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Parcel Number: 490612229029000801
  • Acres: <1/4 Acre
  • Lot Information: Access Street
  • Lot Number: NA
  • Lot Size: 10,049

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: NotApplic

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 11470
  • Semi Annual Property Tax Amt: 5735
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2022
Closed on
Feb 28, 2022
Sold by
Brett Mesalam
Bought by
Turner Adam
Seller's Agent
Brett Mesalam
Brett Mesalam
Buyer's Agent
Adam Turner
eXp Realty, LLC
List Price
$485,000
Sold Price
$472,875
Premium/Discount to List
-$12,125
-2.5%
Total Days on Market
1
Current Estimated Value
$757,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,919
Avg. Annual Appreciation
16.47%
Original Mortgage
$395,250
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 14, 2022
Closed on
Feb 18, 2022
Sold by
Brett Mesalam
Bought by
Turner Adam
Seller's Agent
Brett Mesalam
Brett Mesalam
Buyer's Agent
Adam Turner
eXp Realty, LLC
List Price
$485,000
Sold Price
$472,875
Premium/Discount to List
-$12,125
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,250
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2021
Sold by
Koschnick James and Obryan Megan
Bought by
Mesalam Brett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,121
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 14, 2016
Sold by
Bryan Megan O
Bought by
Koschnick James and Bryan Megan O
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 Buyer Sale Price Title Company
Turner Adam -- Hall Render Killian Heath & Ly
Turner Adam $472,875 Hall Render Killian Heath & Ly
Mesalam Brett -- None Available
Koschnick James -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turner Adam $550,000
Closed Turner Adam $395,250
Closed Turner Adam $395,250
Previous Owner Mesalam Brett $427,121
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2022 02/18/22 Sold $472,875 -2.5% $215 / Sq Ft
01/15/2022 01/15/22 Pending -- -- --
01/14/2022 01/14/22 For Sale $485,000 -- $221 / 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 $5,804 $761,500 $80,500 $681,000
2023 $5,804 $473,300 $80,500 $392,800
2022 $9,361 $535,600 $80,500 $455,100
2021 $8,605 $503,500 $48,600 $454,900
2020 $11,451 $488,500 $48,600 $439,900
2019 $11,891 $498,000 $48,600 $449,400
2018 $11,635 $482,900 $48,600 $434,300
2017 $6,505 $428,500 $48,600 $379,900
2016 $9,186 $435,700 $48,600 $387,100
2014 $8,849 $409,500 $48,600 $360,900
2013 $7,775 $374,100 $48,600 $325,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brett Mesalam

    Brett Mesalam

    (317) 523-7227

    1 in this area

    2 Total Sales

    Section Image

  • A

    Buyer's Agent in 2022

    Adam Turner

    eXp Realty, LLC

    (765) 977-2610

    10 in this area

    48 Total Sales

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21833333

MIBOR Broker Listing Cooperative®

APN: 49-06-12-229-029.000-801

Indiana Marion County Indianapolis 46205 Meridian Kessler

4731 N Pennsylvania St, Indianapolis, IN

This home is located at 4731 N Pennsylvania St, Indianapolis, IN 46205 since 14 January 2022 and is currently estimated at $757,794, approximately $344 per square foot. This property was built in 1935. 4731 N Pennsylvania St 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 (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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