NOT LISTED FOR SALE

4918 Melrose Ave Indianapolis, IN 46241

Stout Field Neighborhood

Estimated Value: $90,000 - $157,206

2 Beds
1 Bath
912 Sq Ft
$144/Sq Ft Est. Value

Last Sold December 28, 2017

Last sale price $42,000 $46 Per Sq Ft

Est. 212% increase in value since last sale

Current estimated payment $971/month

32 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Garage
  • Ben Davis University High School Rated A

About This Home

As of December 2017

Tremendous potential with this 2 Bedroom home, perfect for an investment property. Easy access to I70, downtown, and the airport. Home is being sold in As-Is condition. Don't miss this great opportunity.

Last Agent to Sell the Property

John Weiss III

Highgarden Real Estate Listed on: 11/18/2017

Last Buyer's Agent

Christopher McKay

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1981

Lot Details

  • 9,453 Sq Ft Lot

Parking

  • Garage

Home Design

  • Ranch Style House
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 912 Sq Ft Home
  • Attic Access Panel
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Drexel Gardens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491118113266000900

Home Details

Home Type

Single Family

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2016
  • Year Built: 1981
  • Garage Y N: Yes
  • Lot Size Acres: 0.217
  • Subdivision Name: DREXEL GARDENS
  • Inspection Warranties: Not Applicable
  • Property Description: Tremendous potential with this 2 Bedroom home, perfect for an investment property. Easy access to I70, downtown, and the airport. Home is being sold in As-Is condition. Don't miss this great opportunity.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: None
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Attic Access
  • Living Area: 912
  • Other Equipment: Smoke Detector
  • Room Count: 4
  • Eating Area: Eat In Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 912
  • Main Level Sq Ft: 912
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 912
  • Below Grade Sq Ft: 0
  • Optional Level Below Grade: No Basement

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Slab
  • List Price: 50000
  • Association Maintained Building Exterior: 0

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: 2 Car Detached

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491118113266000900
  • Acres: <1/4 Acre
  • Lot Number: 0
  • Lot Size: 80x118

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1424
  • Semi Annual Property Tax Amt: 712
  • Tax Exemption: None

MLS Schools

  • School District: Wayne Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2024
Sold by
Nrea Vb Iii Llc
Bought by
Vb Eleven Llc
Current Estimated Value
$131,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000,000
Outstanding Balance
$242,830,205
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
-$242,699,325

Purchase Details

Listed on
Nov 18, 2017
Closed on
Dec 28, 2017
Sold by
Hurt Robert D
Bought by
Vbannex B Borrower Llc
Seller's Agent
John Weiss III
Highgarden Real Estate
Buyer's Agent
Christopher McKay
List Price
$50,000
Sold Price
$42,000
Premium/Discount to List
-$8,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.95%

Purchase Details

Closed on
May 24, 2005
Sold by
Jackson Alphonso
Bought by
Hurt Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,040
Interest Rate
5.74%
Mortgage Type
Unknown
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
Vb Eleven Llc -- None Listed On Document
Vb Eleven Llc -- None Listed On Document
Vbannex B Borrower Llc $42,000 Hocker & Associates, Llc
Hurt Robert D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vb Eleven Llc $250,000,000
Closed Vb Eleven Llc $250,000,000
Previous Owner Hurt Robert D $55,040
Previous Owner Hurt Robert D $33,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2017 12/28/17 Sold $42,000 -16.0% $46 / Sq Ft
12/21/2017 12/21/17 Pending -- -- --
11/18/2017 11/18/17 For Sale $50,000 -- $55 / 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 $3,093 $125,200 $8,900 $116,300
2023 $3,093 $127,100 $8,900 $118,200
2022 $2,842 $116,500 $8,900 $107,600
2021 $2,442 $86,400 $4,400 $82,000
2020 $1,996 $70,000 $4,400 $65,600
2019 $1,994 $70,000 $4,400 $65,600
2018 $1,541 $61,300 $4,400 $56,900
2017 $1,520 $60,500 $4,400 $56,100
2016 $1,514 $60,400 $4,400 $56,000
2014 $1,169 $58,200 $4,400 $53,800
2013 $1,131 $58,200 $4,400 $53,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    John Weiss III

    Highgarden Real Estate

    Section Image

  • C

    Buyer's Agent in 2017

    Christopher McKay

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21525517

MIBOR Broker Listing Cooperative®

APN: 49-11-18-113-266.000-900

Indiana Marion County Indianapolis 46241 Stout Field

4918 Melrose Ave, Indianapolis, IN

This home is located at 4918 Melrose Ave, Indianapolis, IN 46241 since 18 November 2017 and is currently estimated at $131,052, approximately $143 per square foot. This property was built in 1981. 4918 Melrose Ave is a home located in Marion County with nearby schools including Maplewood Elementary School, Lynhurst 7th & 8th Grade Center, and Ben Davis University High School.

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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