NOT LISTED FOR SALE

Estimated Value: $70,000 - $188,000

2 Beds
1 Bath
1,038 Sq Ft
$138/Sq Ft Est. Value

Sale Details

Date Sold: December 7, 2023

Last sale price $63,000 $61 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $801 / mo

10 Days on Market

Highlights

  • Traditional Architecture
  • Formal Dining Room
  • 1-Story Property
  • No HOA
  • 1 Car Detached Garage
  • Forced Air Heating System

About This Home

As of December 2023

Incredible investment opportunity for savvy real estate investors! This two-bedroom, one-bathroom house PLUS upstairs loft is a diamond in the rough, boasting immense potential and numerous possibilities. With some renovations and updates, it can be transformed into a beautiful home or a profitable rental property. The real treasure of this property is the generously sized lot. With ample space to spare, you can explore the options of adding a second property, constructing an Accessory Dwelling Unit (ADU). The possibilities are endless for maximizing the lot's potential. For real estate investors, this is a golden opportunity to capitalize on the growing demand for housing and rental properties. The potential return on investment is substantial, given the versatility of this property and its lot size. Don't miss out on the chance to secure this fixer-upper with enormous potential. With some strategic renovations and a keen eye for property development, you can turn this house into a lucrative investment. Full Rehab Needed. AS IS. Please do not submit AS IS Addendum. Non refundable Earnest Money.

Last Agent to Sell the Property

Andres Ruben Martin Ramos

@properties Brokerage Email: andres@livindy.co License #RB23001791 Listed on: 11/08/2023

@properties

Co-Listed By

Cynthia Bulat

eXp Realty, LLC Brokerage Email: andres@livindy.co License #RB19001817

Last Buyer's Agent

John Booth

F.C. Tucker Company

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,500

Year Built

  • Built in 1924

Lot Details

  • 7,492 Sq Ft Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Traditional Architecture
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Formal Dining Room
  • Crawl Space
  • Attic Access Panel

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Folkening Southeastern Av Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 491016101006000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,500

Year Built

Built in 1924

Lot Details

7,492 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1924
  • Building Area Total: 1038
  • Co List Office Phone: 317-548-2145
  • Garage Y N: Yes
  • Lot Size Acres: 0.17
  • Subdivision Name: Folkening Southeastern Av
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: andres@livindy.co
  • Attribution Contact: andres@livindy.co
  • Special Features: None

Interior Features

  • Basement: No
  • Basement Type: Crawl Space
  • Appliances: None
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Attic Access
  • Living Area: 1038
  • Other Equipment: Not Applicable
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 888
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 150

Exterior Features

  • Construction Materials: Other
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached

Utilities

  • Utilities: Gas
  • Cooling: None
  • Heating: Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 7492
  • Parcel Number: 491016101006000101
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 1500
  • Tax Lot: 6
  • Semi Annual Property Tax Amt: 750
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2024
Sold by
Sosa Marcelo and Ariza Evelia
Bought by
Lopez Miguel
Current Estimated Value
$142,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,200
Outstanding Balance
$152,690
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
-$9,956

Purchase Details

Listed on
Nov 8, 2023
Closed on
Dec 11, 2023
Sold by
M & Llc Ents Llc
Bought by
Sosa Marcelo and Ariza Evelia
Seller's Agent
Andres Ruben Martin Ramos
@properties
Buyer's Agent
John Booth
F.C. Tucker Company
List Price
$70,000
Sold Price
$63,000
Premium/Discount to List
-$7,000
-10%
Views
77

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.21%

Purchase Details

Closed on
Jul 20, 2023
Sold by
Murphy John R and Murphy Yvonne L
Bought by
M & Llc Ents Llc

Purchase Details

Closed on
Jun 23, 2023
Sold by
Murphy John R and Murphy Yvonne L
Bought by
M & Llc Ents Llc

Purchase Details

Closed on
Jan 9, 2012
Sold by
Howard James M and Howard Charlene L
Bought by
Murphy John R and Murphy Yvonne L

Purchase Details

Closed on
Aug 27, 2007
Sold by
Rachard Development Llc
Bought by
Howard James M and Howard Charlene L

Purchase Details

Closed on
Aug 25, 2007
Sold by
Rachard Development Llc
Bought by
Howard James M and Howard Charlene L

Purchase Details

Closed on
Dec 5, 2005
Sold by
Citifinancial Mortgage Company Inc
Bought by
Rachard Development Llc

Purchase Details

Closed on
Nov 18, 2005
Sold by
Citifinancial Mortgage Company Inc
Bought by
Rachard Development Llc

Purchase Details

Closed on
Oct 5, 2005
Sold by
Hawver Rebecca S and Receivables Sensex
Bought by
Citifinancial Mortgage Company Inc
Source: Public Records
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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
Lopez Miguel -- None Listed On Document
Sosa Marcelo $63,000 Chicago Title
M & Llc Ents Llc $45,000 --
M & Llc Ents Llc $45,000 --
Murphy John R $3,030 None Available
Howard James M $55,000 None Available
Howard James M $55,000 None Available
Rachard Development Llc -- None Available
Rachard Development Llc -- None Available
Citifinancial Mortgage Company Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Miguel $155,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2023 12/07/23 Sold $63,000 -10.0% $61 / Sq Ft
11/19/2023 11/19/23 Pending -- -- --
11/16/2023 11/16/23 For Sale $70,000 0.0% $67 / Sq Ft
11/11/2023 11/11/23 Pending -- -- --
11/08/2023 11/08/23 For Sale $70,000 -- $67 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 $584 $177,900 $23,300 $154,600
2024 $2,950 $82,100 $23,300 $58,800
2023 $2,950 $82,100 $23,300 $58,800
2022 $2,043 $82,900 $23,300 $59,600
2021 $1,584 $65,000 $23,300 $41,700
2020 $1,530 $62,500 $23,300 $39,200
2019 $1,296 $51,500 $12,700 $38,800
2018 $1,196 $46,900 $12,700 $34,200
2017 $1,113 $48,800 $12,700 $36,100
2016 $1,048 $46,800 $12,700 $34,100
2014 $1,014 $46,900 $12,700 $34,200
2013 $992 $47,700 $12,700 $35,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21952394

MIBOR Broker Listing Cooperative®

APN: 49-10-16-101-006.000-101

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