NOT LISTED FOR SALE

511 S Tibbs Ave Indianapolis, IN 46241

West Indianapolis Neighborhood

Estimated Value: $58,000 - $886,105

2.4 Acres
$144,459 Price per Acre
104,544 Sq Ft Lot

Last Sold November 19, 2021

Last sale price $280,000

Est. 21% increase in value since last sale

Current estimated payment $1,988/month

6 Days on Market

About This Lot

As of November 2021

This property is zoned I2 and is perfect for Light Industrial activities on the front western half and a park on the eastern half. Some of of those uses include but aren't limited to: Heavy Equipment Sales, Service or Repair, Automobile and Vehicle Storage or
Auction, and Manufacturing, Light. For a full list of permitted uses please see the attached chart for I2 zoned properties.

Last Agent to Sell the Property

Justin Perrey

Realty One Group New Horizons License #RB14046079 Listed on: 10/19/2021

Realty One Group New Horizons

Last Buyer's Agent

Justin Perrey

Realty One Group New Horizons License #RB14046079 Listed on: 10/19/2021

Realty One Group New Horizons

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,204

Lot Details

Property Details

Property Type

Land

Est. Annual Taxes

$2,204

Lot Details

0

Listing Details

  • Property Type: Land
  • Type: Undeveloped,SeeRemarks
  • Property Sub Type: Commercial Land
  • Transaction Type: Sale
  • Website: https://perreyhometeam.com/current-listings/
  • Directions: From east bound on Rockville Road take a right onto W. Washington St. and then left onto S. Tibbs Avenue.
  • New Construction: No
  • Road Frontage Type: City Street
  • Road Surface Type: NotApplic
  • Subdivision Name: NO SUBDIVISION
  • Special Features: None

Interior Features

  • Sq Ft Main Upper: 0

Exterior Features

  • Road Access: CityStreet
  • Water: Municipal Water Near By
  • Disclosures: Not Applicable
  • Topography: NotApplic

Utilities

  • Solid Waste: 0
  • Sewer: Municipal Sewer Near

Lot Info

  • Acres: 1-3 Acres
  • Lot Number: 0
  • Lot Size: 77,101
  • Improvements: FenceMetal
  • Land Characteristics: Mature Trees,Water View
  • Potential Zoning: Single Family
  • Present Zoning: Industrial
  • Price Acre: 125000
  • Divisible: 0
  • Development Status: Not Applicable
  • Zoning: I2

Tax Info

  • Semi Annual Property Tax Amt: 1102
  • Tax Exemption: None
  • Tax Annual Amount: 2204
  • Tax Year: 2020

MLS Schools

  • School District: Wayne Township
  • Schools: Ben Davis High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2021
Closed on
Nov 19, 2021
Sold by
Southerland John B
Bought by
Liberty Apt Properties Llc
Seller's Agent
Justin Perrey
Realty One Group New Horizons
Buyer's Agent
Justin Perrey
Realty One Group New Horizons
List Price
$300,000
Sold Price
$280,000
Premium/Discount to List
-$20,000
-6.67%
Current Estimated Value
$337,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,667
Avg. Annual Appreciation
8.77%

Purchase Details

Listed on
Oct 19, 2021
Closed on
Nov 18, 2021
Sold by
Eads Kimberly Southerland
Bought by
Southerland John B
Seller's Agent
Justin Perrey
Realty One Group New Horizons
Buyer's Agent
Justin Perrey
Realty One Group New Horizons
List Price
$300,000
Sold Price
$280,000
Premium/Discount to List
-$20,000
-6.67%

Purchase Details

Listed on
Oct 19, 2021
Closed on
Nov 17, 2021
Sold by
Glynn Samantha Southerland
Bought by
Southerland John B
Seller's Agent
Justin Perrey
Realty One Group New Horizons
Buyer's Agent
Justin Perrey
Realty One Group New Horizons
List Price
$300,000
Sold Price
$280,000
Premium/Discount to List
-$20,000
-6.67%

Purchase Details

Closed on
Mar 5, 2021
Sold by
Southerland Nancy Jo
Bought by
Southerland John B

Purchase Details

Closed on
Jun 23, 2015
Sold by
Southerland Jeremiah and Klein Stacey Jo
Bought by
Southerland Nancy Jo

Purchase Details

Closed on
Jun 24, 2014
Sold by
Southerland John
Bought by
Southerland John and Hale Gena Southerland

Purchase Details

Closed on
Sep 2, 2013
Sold by
Southerland E Robert B
Bought by
Southerland Leonard and Southerland Eugene
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
Liberty Apt Properties Llc $280,000 Chicago Title
Southerland John B $280,000 Chicago Title
Southerland John B $280,000 Chicago Title
Southerland John B $280,000 Chicago Title
Southerland John B -- None Available
Southerland Nancy Jo -- Attorney
Southerland John -- None Available
Southerland Leonard -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2021 11/19/21 Sold $280,000 -6.7% --
10/25/2021 10/25/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $300,000 -- --
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 $1,665 $26,000 $26,000 --
2023 $1,665 $26,000 $26,000 $0
2022 $969 $26,000 $26,000 $0
2021 $1,009 $26,000 $26,000 $0
2020 $763 $26,000 $26,000 $0
2019 $777 $26,000 $26,000 $0
2018 $1,021 $26,000 $26,000 $0
2017 $919 $26,000 $26,000 $0
2016 $779 $26,000 $26,000 $0
2014 $752 $26,000 $26,000 $0
2013 $621 $26,000 $26,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Justin Perrey

    Seller's Agent in 2021

    Justin Perrey

    Realty One Group New Horizons

    (502) 558-3416

    2 in this area

    254 Total Sales

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21819734

MIBOR Broker Listing Cooperative®

APN: 49-11-09-117-036.000-901

Indiana Marion County Indianapolis 46241 West Indianapolis

511 S Tibbs Ave, Indianapolis, IN

This home is located at 511 S Tibbs Ave, Indianapolis, IN 46241 since 19 October 2021 and is currently estimated at $346,702. 511 S Tibbs Ave is a home located in Marion County with nearby schools including William Penn School 49, George Washington Community High School (9-12), 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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