NOT LISTED FOR SALE

5042 E 40th St Indianapolis, IN 46226

Forest Manor Neighborhood

Estimated Value: $179,000 - $285,000

5 Beds
2 Baths
1,854 Sq Ft
$119/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $85,000 $46 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $1,465/month

82 Days on Market

Highlights

  • 0.39 Acre Lot
  • Wood Flooring
  • Eat-In Kitchen
  • Ranch Style House
  • 2 Car Attached Garage
  • 5-minute walk to Roselawn Park

About This Home

As of February 2019

Investor Alert! New Carpet, Fresh Paint, Bathroom Update within past year. Current usage is a single family residence home however property is zoned as a Duplex on property tax record.

Last Agent to Sell the Property

Brian Church

United Real Estate Indpls License #RB14037722 Listed on: 10/11/2018

United Real Estate Indpls

Last Buyer's Agent

Leyton Wellbaum

Highgarden Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 0.39 Acre Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1,854 Sq Ft Home
  • Wood Flooring
  • Fire and Smoke Detector
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Stone Crest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 490716107075000801

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0.39 Acres

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1950
  • Garage Y N: Yes
  • Lot Size Acres: 0.39
  • Subdivision Name: STONE CREST
  • Inspection Warranties: LeadBasePaint
  • Property Description: Investor Alert! New Carpet, Fresh Paint, Bathroom Update within past year. Current usage is a single family residence home however property is zoned as a Duplex on property tax record.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Appliances: Gas Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Interior Amenities: Walk-in Closet(s), Hardwood Floors
  • Living Area: 1854
  • Other Equipment: Smoke Detector
  • Room Count: 9
  • Eating Area: None
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 927
  • Main Level Sq Ft: 927
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Closet Walk in
  • Total Sq Ft: 1854
  • Kitchen Features: Kitchen Eat In
  • Below Grade Sq Ft: 927
  • Upper Level Sq Ft: 0
  • Pct Optional Level Finished: 0-25%
  • Optional Level Below Grade: Basement

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • Association Maintained Building Exterior: 0
  • Porch: Open Patio,Covered Porch

Garage/Parking

  • Garage Spaces: 2
  • Fuel: Gas
  • Garage Parking Description: Attached

Utilities

  • Sewer: Sewer Connected
  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Utility Options: Cable Available,High Speed Internet Avail
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 490716107075000801
  • Acres: 1/4-1/2 Acre
  • Lot Information: Corner,Sidewalks,Storm Sewer
  • Lot Number: 73
  • Lot Size: 0

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 3158
  • Semi Annual Property Tax Amt: 1579
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2025
Sold by
Poston Dewayne
Bought by
Johnson Helen
Current Estimated Value
$220,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,056
Outstanding Balance
$164,382
Interest Rate
7.04%
Mortgage Type
FHA
Estimated Equity
$56,581

Purchase Details

Closed on
Apr 25, 2024
Sold by
Collins Keira
Bought by
Poston Dewayne and Poston Dewayne

Purchase Details

Listed on
Oct 11, 2018
Closed on
Feb 28, 2019
Sold by
Riedel Thomas and Riedel Lisa
Bought by
Poston Dewayne
Seller's Agent
Brian Church
United Real Estate Indpls
Buyer's Agent
Leyton Wellbaum
Highgarden Real Estate
List Price
$85,000
Sold Price
$85,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.51%
Original Mortgage
$68,630
Interest Rate
4.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Johnson Helen $192,000 First American Title
Poston Dewayne -- None Listed On Document
Poston Dewayne $85,000 First American Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Helen $166,056
Previous Owner Poston Dewayne $68,630
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2019 02/28/19 Sold $85,000 0.0% $46 / Sq Ft
01/02/2019 01/02/19 Pending -- -- --
12/27/2018 12/27/18 For Sale $85,000 0.0% $46 / Sq Ft
10/16/2018 10/16/18 Pending -- -- --
10/11/2018 10/11/18 For Sale $85,000 0.0% $46 / Sq Ft
11/28/2014 11/28/14 Rented $995 0.0% --
11/14/2014 11/14/14 Under Contract -- -- --
11/14/2014 11/14/14 For Rent $995 0.0% --
01/20/2014 01/20/14 Rented $995 -9.5% --
01/15/2014 01/15/14 Under Contract -- -- --
09/16/2013 09/16/13 For Rent $1,100 -35.3% --
06/16/2013 06/16/13 Rented $1,700 +36.0% --
06/16/2013 06/16/13 Under Contract -- -- --
11/06/2012 11/06/12 For Rent $1,250 -25.0% --
05/10/2012 05/10/12 Rented $1,667 -98.8% --
05/07/2012 05/07/12 Under Contract -- -- --
07/14/2011 07/14/11 For Rent $135,000 -- --
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 $3,787 $189,400 $12,900 $176,500
2024 $2,685 $159,600 $12,900 $146,700
2023 $2,685 $159,600 $12,900 $146,700
2022 $2,656 $212,100 $12,900 $199,200
2021 $2,391 $195,000 $12,900 $182,100
2020 $2,112 $171,400 $5,500 $165,900
2019 $3,476 $141,100 $5,500 $135,600
2018 $3,546 $142,900 $5,500 $137,400
2017 $3,296 $148,700 $5,500 $143,200
2016 $3,076 $141,500 $5,500 $136,000
2014 $3,401 $157,300 $5,500 $151,800
2013 $3,270 $157,300 $5,500 $151,800
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Brian Church

    United Real Estate Indpls

    (317) 694-1291

    Brian Church
    Section Image

  • L

    Buyer's Agent in 2019

    Leyton Wellbaum

    Highgarden Real Estate

    Section Image

  • D

    Seller's Agent in 2014

    Daniel Baldini

    Polaris Real Estate Group, INC

    (317) 749-2766

    12 Total Sales

    Daniel Baldini
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21600392

MIBOR Broker Listing Cooperative®

APN: 49-07-16-107-075.000-801

Indiana Marion County Indianapolis 46226 Forest Manor

5042 E 40th St, Indianapolis, IN

Not Listed for Sale

Detached

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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.
Based on information submitted to the MLS GRID

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