NOT LISTED FOR SALE

4940 W 11th St Indianapolis, IN 46224

Estimated Value: $208,000 - $304,000

4 Beds
2 Baths
720 Sq Ft
$356/Sq Ft Est. Value

Last Sold December 18, 2023

Last sale price $295,000 $410 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $1,756/month

56 Days on Market

Highlights

  • Contemporary Architecture
  • Speedway Junior High School Rated A
  • Corner Lot

About This Home

As of December 2023

Updated Speedway Double 2 bedroom each side , currently vacant for showings. Previous rents were $1300 per side. Property is Zoned SZ1 which allows for commercial application for retail, office or continued multi-family uses. Each side has a full dry basement for more rooms or storage. Two car detached garage is included.

Last Agent to Sell the Property

Dean Ehrgott

Tower 1 Realty Brokerage Email: tower1realty@aol.com License #RB14033690 Listed on: 08/16/2023

Last Buyer's Agent

Steve Snyder

Ferris Property Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,102

Year Built

  • Built in 1955

Lot Details

  • 6,186 Sq Ft Lot
  • Corner Lot

Home Design

  • Duplex
  • Contemporary Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Speedway Junior High School
  • Speedway Senior High School

Additional Features

  • Washer and Dryer Hookup
  • Separate Meters

Listing and Financial Details

  • Tenant pays for cable TV, carpet cleaning, electricity, garage/car port, gas, all utilities
  • The owner pays for water
  • Tax Lot Metes
  • Assessor Parcel Number 490631101074000914

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,102

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1955
  • Lot Size Acres: 0.24
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 147500
  • MBR_AttributionContact: tower1realty@aol.com
  • Attribution Contact: tower1realty@aol.com
  • Special Features: None

Interior Features

  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Owner Pays: Water
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Brick
  • List Price: 319000
  • Road Access: Not Applic

Garage/Parking

  • Unit Parking: 2 Car Garage

Utilities

  • Cooling: Separate Meters
  • Laundry Features: Connections All
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 3630

Schools

  • Middle Or Junior School: Speedway Junior High School

Lot Info

  • Lot Features: Corner Lot
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Size Sq Ft: 6186
  • Parcel Number: 490631101074000914
  • Zoning: SZ1
  • Acres: <1/4 Acre
  • Price Acre: 1229167

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Cable TV, Carpet Cleaning, Electricity, Garage/Car Port, Gas, All Utilities

Multi Family

  • Gross Income: 32000
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3102
  • Tax Lot: Metes
  • Semi Annual Property Tax Amt: 1551
  • Tax Exemption: None

MLS Schools

  • High School: Speedway Senior High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2024
Sold by
Howell Josselyn M
Bought by
Rose Blossom Properties Llc
Current Estimated Value
$256,000

Purchase Details

Closed on
May 29, 2024
Sold by
Howell Josselyn M
Bought by
Rose Blossom Properties Llc

Purchase Details

Listed on
Aug 16, 2023
Closed on
Nov 24, 2023
Sold by
Long James and Long Kristen
Bought by
Howell Josselyn M
Seller's Agent
Dean Ehrgott
Tower 1 Realty
Buyer's Agent
Steve Snyder
Ferris Property Group
List Price
$319,000
Sold Price
$295,000
Premium/Discount to List
-$24,000
-7.52%
Views
146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.87%
Original Mortgage
$216,000
Interest Rate
8.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 16, 2023
Closed on
Nov 22, 2023
Sold by
Ehrgott Dean and Nickol Jim
Bought by
Long James and Long Kristen
Seller's Agent
Dean Ehrgott
Tower 1 Realty
Buyer's Agent
Steve Snyder
Ferris Property Group
List Price
$319,000
Sold Price
$295,000
Premium/Discount to List
-$24,000
-7.52%
Views
146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
8.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2022
Sold by
Ehrgott Dean and Nickol Jim
Bought by
Long James and Long Kristen

Purchase Details

Listed on
Nov 7, 2021
Closed on
Feb 24, 2022
Sold by
Ehrgott Dean and Nichol Jim
Bought by
Long James and Long Kristen
Seller's Agent
Dean Ehrgott
Tower 1 Realty
Buyer's Agent
Dean Ehrgott
Tower 1 Realty
Sold Price
$270,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.49%

Purchase Details

Closed on
Feb 23, 2021
Sold by
South Drive Lp
Bought by
Reuter Charles M

Purchase Details

Closed on
Feb 12, 2021
Sold by
South Drive Lp
Bought by
Reuter Charles M

Purchase Details

Closed on
Jan 11, 2021
Sold by
Reuter Charles M
Bought by
Ehrgott Dean and Nickol Jim

Purchase Details

Closed on
Nov 13, 2020
Sold by
Mast Trust
Bought by
Hicks Jeffrey

Purchase Details

Closed on
Apr 10, 2017
Sold by
L and P

Purchase Details

Closed on
Sep 16, 2015
Sold by
Eckert Paul W
Bought by
South Drive Lp

Purchase Details

Closed on
Mar 6, 2007
Sold by
Frosch Mary Lou Howe and Howe Mary Lou
Bought by
Eckert Paul W and Paul W Eckert Living Trust
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
Rose Blossom Properties Llc -- None Listed On Document
Howell Josselyn M $270,000 None Listed On Document
Long James $270,000 None Listed On Document
Long James $270,000 Comer Ben
Reuter Charles M -- None Available
Ehrgott Dean $125,000 None Available
Hicks Jeffrey -- Chicago Title
-- $20,400 --
Town Of Speedway Indiana $20,435 --
South Drive Lp -- None Available
Eckert Paul W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Howell Josselyn M $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2023 12/18/23 Sold $295,000 -7.5% $410 / Sq Ft
10/12/2023 10/12/23 Pending -- -- --
08/16/2023 08/16/23 For Sale $319,000 0.0% $443 / Sq Ft
03/01/2023 03/01/23 Rented $1,150 0.0% --
02/23/2023 02/23/23 Under Contract -- -- --
01/22/2023 01/22/23 Price Changed $1,150 -11.5% $1 / Sq Ft
12/15/2022 12/15/22 For Rent $1,300 0.0% --
02/24/2022 02/24/22 Sold $270,000 0.0% $375 / Sq Ft
01/12/2022 01/12/22 Pending -- -- --
01/05/2022 01/05/22 For Sale -- -- --
12/14/2021 12/14/21 Off Market $270,000 -- --
11/08/2021 11/08/21 For Sale $289,900 -- $403 / 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 $4,461 $244,800 $18,000 $226,800
2023 $4,461 $177,000 $18,000 $159,000
2022 $4,388 $177,000 $18,000 $159,000
2021 $3,102 $122,600 $18,000 $104,600
2020 $2,670 $106,700 $18,000 $88,700
2019 $2,569 $102,500 $18,000 $84,500
2018 $2,263 $89,700 $18,000 $71,700
2017 $2,274 $90,700 $18,000 $72,700
2016 $2,048 $82,300 $18,000 $64,300
2014 $1,890 $76,600 $18,000 $58,600
2013 $1,951 $78,800 $18,000 $60,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21938413

MIBOR Broker Listing Cooperative®

APN: 49-06-31-101-074.000-914