NOT LISTED FOR SALE

4940 E 16th St Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $192,000 - $210,802

2 Beds
-- Bath
924 Sq Ft
$216/Sq Ft Est. Value

Last Sold April 29, 2024

Last sale price $195,000 $211 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,424/month

2 Days on Market

Highlights

  • Corner Lot
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of April 2024

EAST SIDE INVESTMENT OPPORTUNITY // This brick duplex situated in Otterbein, just outside of Little Flower and Community Heights, will appeal to investors and homebuyers alike! Each side consists of 2 bedrooms, 1 bathroom, an unfinished basement for storage and laundry, and a sweet front porch. The big ticket items have been taken care of for you! Roof is brand new, the HVAC has been updated, and it has a newer sewer liner. Both sides are turnkey, with one side being vacated in April and the other currently rented. Located less than 2 miles from highway access and just minutes from downtown, this property will make an excellent addition to an investor portfolio or a wonderful home for a savvy homebuyer who wants to live in one side and rent out the other.

Last Agent to Sell the Property

Lesli Gibson

Maywright Property Co. Brokerage Email: lgibson@maywright.com License #RB19001182 Listed on: 03/21/2024

Last Buyer's Agent

IBRAHIM OJERINDE

@properties

@properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,624

Year Built

  • Built in 1951 | Remodeled

Lot Details

  • 10,019 Sq Ft Lot
  • Corner Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation

Unfinished Basement

  • Exterior Basement Entry
  • Basement Storage

Additional Features

  • 1-Story Property
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for no utilities, taxes
  • Tax Lot 1041972
  • Assessor Parcel Number 490733110038000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,624

Year Built

Built in 1951 | Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1951
  • Lot Size Acres: 0.23
  • Structure Type: Duplex
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 97500
  • MBR_AttributionContact: lgibson@maywright.com
  • Attribution Contact: lgibson@maywright.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Exterior Entry, Storage Space, Unfinished
  • Levels: One
  • Owner Pays: No Utilities, Taxes
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Brick, Block
  • Foundation Details: Block
  • List Price: 185000
  • Property Condition: Updated/Remodeled
  • Road Access: See Remarks

Garage/Parking

  • Parking Features: Gravel
  • Unit Parking: 1 Car Garage,On Street,Unpaved

Utilities

  • Cooling: Central Electric, Other
  • Heating: Forced Air
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: Corner Lot
  • Current Use: Apt<20, Residential
  • Lot Size Sq Ft: 10019
  • Parcel Number: 490733110038000101
  • Acres: <1/4 Acre
  • Price Acre: 847826

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 19500
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3624
  • Tax Lot: 1041972
  • Semi Annual Property Tax Amt: 1812

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
May 3, 2024
Sold by
Lendaro Marcellina and Batt Evan
Bought by
Olagoke Saheed
Seller's Agent
Lesli Gibson
Maywright Property Co.
Buyer's Agent
IBRAHIM OJERINDE
@properties
List Price
$185,000
Sold Price
$195,000
Premium/Discount to List
$10,000
5.41%
Views
27
Current Estimated Value
$199,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,934
Avg. Annual Appreciation
-0.13%
Original Mortgage
$146,250
Outstanding Balance
$144,836
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$49,818

Purchase Details

Listed on
Nov 20, 2020
Closed on
Dec 22, 2020
Sold by
Leyva Armando Chavez
Bought by
Lendaro Marcellina and Batt Evan
Seller's Agent
Austin Fish
Go Fish Realty
Buyer's Agent
Lesli Gibson
Maywright Property Co.
List Price
$149,900
Sold Price
$150,000
Premium/Discount to List
$100
0.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.15%
Original Mortgage
$112,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 9, 2020
Closed on
May 20, 2020
Sold by
Kiesel Monica Rose
Bought by
Leyva Armando Chavez
Seller's Agent
Josh Latham
RE/MAX Advanced Realty
Buyer's Agent
Austin Fish
Go Fish Realty
List Price
$49,900
Sold Price
$49,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
545.88%
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
Olagoke Saheed $195,000 First American Title
Lendaro Marcellina -- None Available
Lendaro Marcellina -- None Available
Leyva Armando Chavez $49,900 Fidelity National Title
Kiesel Monica Rose $49,900 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olagoke Saheed $146,250
Previous Owner Lendaro Marcellina $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 Sold $195,000 +5.4% $211 / Sq Ft
03/24/2024 03/24/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $185,000 +23.3% $200 / Sq Ft
12/22/2020 12/22/20 Sold $150,000 +0.1% $162 / Sq Ft
11/21/2020 11/21/20 Pending -- -- --
11/20/2020 11/20/20 For Sale $149,900 +200.4% $162 / Sq Ft
05/20/2020 05/20/20 Sold $49,900 0.0% $54 / Sq Ft
05/12/2020 05/12/20 Pending -- -- --
05/09/2020 05/09/20 For Sale $49,900 -- $54 / 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 $4,040 $164,500 $13,700 $150,800
2023 $4,040 $164,500 $13,700 $150,800
2022 $3,760 $153,500 $13,700 $139,800
2021 $3,195 $132,700 $13,700 $119,000
2020 $2,621 $107,500 $4,300 $103,200
2019 $4,966 $97,100 $4,300 $92,800
2018 $3,412 $119,100 $4,300 $114,800
2017 $1,392 $115,900 $4,300 $111,600
2016 $1,360 $115,900 $4,300 $111,600
2014 $1,196 $109,100 $4,300 $104,800
2013 $1,221 $109,100 $4,300 $104,800
Source: Public Records

Agents Affiliated with this Home

  • Lesli Gibson

    Seller's Agent in 2024

    Lesli Gibson

    Maywright Property Co.

    (574) 361-4096

    21 in this area

    174 Total Sales

    Lesli Gibson
    Section Image

  • I

    Buyer's Agent in 2024

    IBRAHIM OJERINDE

    @properties

    Section Image
  • Austin Fish

    Seller's Agent in 2020

    Austin Fish

    Go Fish Realty

    (317) 626-2829

    28 in this area

    114 Total Sales

    Austin Fish
    Section Image
  • Josh Latham

    Seller's Agent in 2020

    Josh Latham

    RE/MAX Advanced Realty

    (317) 989-7465

    3 in this area

    128 Total Sales

    Josh Latham
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21969660

MIBOR Broker Listing Cooperative®

APN: 49-07-33-110-038.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

4940 E 16th St, Indianapolis, IN

This home is located at 4940 E 16th St, Indianapolis, IN 46201 since 21 March 2024 and is currently estimated at $199,934, approximately $216 per square foot. This property was built in 1951. 4940 E 16th St is a home located in Marion County with nearby schools including Brookside School 54, Arlington Community Middle School, and Arsenal Technical 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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