NOT LISTED FOR SALE

506 N Emerson Ave Indianapolis, IN 46219

Near Eastside Neighborhood

Estimated Value: $190,000 - $203,000

4 Beds
-- Bath
1,140 Sq Ft
$171/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $165,000 $145 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,385/month

29 Days on Market

About This Home

As of October 2022

Amazing investment opportunity in Emerson Heights! Located right on the edge of Irvington, steps away from Ellenberger Park, and just minutes from IUPUI, this duplex is in the prime location to fit all of your needs. Zoned commercial with a residential variance, the possibilities for how to use the space are endless. Find comfort and convenience in calling one side your home, while using the other for your business, home office, or producing rental income. Unit 1 offers 3 beds, 2 baths and Unit 2 has 2 beds 1 bath, with mirrored open floorplans on the main levels. Truly a great addition to any investment portfolio.

Last Agent to Sell the Property

Robyn Breece

@properties License #RB16001778 Listed on: 09/23/2022

@properties

Co-Listed By

Chyna Dickerson

Dropped Members License #RB21002654

Last Buyer's Agent

Ryan Rominger

Compass Indiana, LLC

Compass Indiana, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,400

Year Built

  • Built in 1930

Lot Details

  • 40

Parking

  • Alley Access

Home Design

  • Traditional Architecture

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector

Additional Features

  • 40 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • Emerson Heights Subdivision
  • No Laundry Facilities

Listing and Financial Details

  • Tenant pays for notapplic
  • The owner pays for not applic
  • Legal Lot and Block 2 / 1st
  • Assessor Parcel Number 491004133048000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,400

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1930
  • Co List Office Phone: 317-563-5051
  • Lot Size Acres: 0.15
  • Structure Type: Duplex
  • Subdivision Name: Emerson Heights
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Website: https://www.506nemersonave.com
  • Conversion: Yes
  • MBR_AttributionContact: robyn.breece@compass.com
  • Multi Rooms: 11
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Not Applic
  • SqFt Total: 2044

Exterior Features

  • Construction Materials: Other
  • Disclosures: Not Applicable
  • Fencing: Partial
  • List Price: 159000

Garage/Parking

  • Parking Features: Alley Access
  • Unit Parking: Other

Utilities

  • Utilities: Gas, Sewer Connected, Water Connected
  • Laundry Features: No Laundry Facil.
  • Security Features: Fire Alarm, Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: Busline, Sidewalks
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Lot Size Sq Ft: 40
  • Parcel Number: 491004133048000101
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: NotApplic

Multi Family

  • Net Operating Income: 10716
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2400
  • Tax Block: 1st
  • Tax Lot: 2
  • Semi Annual Property Tax Amt: 1200
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2022
Closed on
Nov 7, 2022
Sold by
Evans Robert A
Bought by
Ksd Investments Llc
Seller's Agent
Robyn Breece
@properties
Buyer's Agent
Ryan Rominger
Compass Indiana, LLC
List Price
$159,000
Sold Price
$165,000
Premium/Discount to List
$6,000
3.77%
Views
9
Current Estimated Value
$195,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,246
Avg. Annual Appreciation
5.91%

Purchase Details

Listed on
Sep 23, 2022
Closed on
Oct 28, 2022
Sold by
Evans Robert A and Evans Kathy
Bought by
Ksd Investments Llc
Seller's Agent
Robyn Breece
@properties
Buyer's Agent
Ryan Rominger
Compass Indiana, LLC
List Price
$159,000
Sold Price
$165,000
Premium/Discount to List
$6,000
3.77%
Views
9

Purchase Details

Closed on
Jan 10, 2012
Sold by
Evans Robert A and Estate Of Florence J Evans
Bought by
Evans Robert A and Evans Kathy
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
Ksd Investments Llc -- Ata National Title Group
Ksd Investments Llc -- Ata National Title Group
Evans Robert A -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $165,000 +3.8% $145 / Sq Ft
10/23/2022 10/23/22 Pending -- -- --
10/22/2022 10/22/22 For Sale $159,000 0.0% $139 / Sq Ft
09/25/2022 09/25/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $159,000 -- $139 / 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 $4,202 $199,300 $26,100 $173,200
2023 $4,202 $171,300 $26,100 $145,200
2022 $3,000 $123,900 $26,100 $97,800
2021 $2,483 $104,100 $26,100 $78,000
2020 $2,083 $86,600 $9,600 $77,000
2019 $1,891 $77,000 $9,600 $67,400
2018 $1,716 $69,200 $9,600 $59,600
2017 $1,444 $63,400 $9,600 $53,800
2016 $572 $32,700 $9,600 $23,100
2014 $521 $36,300 $9,600 $26,700
2013 $998 $46,400 $9,600 $36,800
Source: Public Records

Agents Affiliated with this Home

  • Robyn Breece

    Seller's Agent in 2022

    Robyn Breece

    @properties

    (317) 438-2371

    4 in this area

    199 Total Sales

    Robyn Breece
    Section Image

  • C

    Seller Co-Listing Agent in 2022

    Chyna Dickerson

    Dropped Members

    Section Image

  • R

    Buyer's Agent in 2022

    Ryan Rominger

    Compass Indiana, LLC

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21884710

MIBOR Broker Listing Cooperative®

APN: 49-10-04-133-048.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

506 N Emerson Ave, Indianapolis, IN

This home is located at 506 N Emerson Ave, Indianapolis, IN 46219 since 23 September 2022 and is currently estimated at $195,246, approximately $171 per square foot. This property was built in 1930. 506 N Emerson Ave is a home located in Marion County with nearby schools including George W. Julian School No. 57, Arsenal Technical High School, and George Washington Community High School No. 721.

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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