NOT LISTED FOR SALE

5141 N College Ave Indianapolis, IN 46205

Meridian Kessler Neighborhood

Estimated Value: $436,000 - $440,000

3 Beds
1 Bath
616 Sq Ft
$711/Sq Ft Est. Value

Last Sold January 29, 2016

Last sale price $155,000 $252 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $2,839/month

176 Days on Market

About This Home

As of January 2016

Popular double just south of Broad Ripple, easy to rent. Cosmetic improvements would allow higher rents. Can be purchased as a package with 21362591 and 21362602

Last Agent to Sell the Property

Stephan Kline

Kline Properties, Inc. Listed on: 06/25/2015

Last Buyer's Agent

Charles Barker

United Real Estate Indpls

United Real Estate Indpls

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 8,320

Parking

  • Alley Access

Home Design

  • 616 Sq Ft Home
  • Duplex

Additional Features

  • Washer and Dryer Hookup
  • 8,320 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • Porters College Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, insurance, lawncare
  • The owner pays for ins hazard, insurance, no utilities, taxes
  • Tax Lot 4
  • Assessor Parcel Number 490612202013000801

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2014
  • Year Built: 1924
  • Building Area Total: 616
  • Lot Size Acres: 0.191
  • Structure Type: Duplex
  • Subdivision Name: Porters College
  • Inspection Warranties: General
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: skline@klineproperties.com
  • Special Features: None

Interior Features

  • Living Area: 616
  • Owner Pays: Ins Hazard, Insurance, No Utilities, Taxes
  • Main Level Sq Ft: 616
  • SqFt Total: 1280

Exterior Features

  • Construction Materials: Wood
  • Disclosures: Not Applicable
  • List Price: 168210

Garage/Parking

  • Parking Features: Alley Access
  • Unit Parking: 2 Car Space

Utilities

  • Utilities: Cable Connected, Gas, Sewer Connected, Water Connected
  • Laundry Features: Connections All
  • Solid Waste: No

Fee Information

  • Expenses: 6310

Lot Info

  • Lot Features: Access, Busline, Sidewalks
  • Additional Parcels: No
  • Lot Size Sq Ft: 8320
  • Parcel Number: 490612202013000801

Rental Info

  • Tenant Pays: All Utilities, Insurance, Lawncare

Multi Family

  • Net Operating Income: 13430
  • Gross Income: 19740
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5310
  • Tax Lot: 4
  • Semi Annual Property Tax Amt: 2655
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2023
Sold by
Perera Marcos C and Perera Laura N
Bought by
Perera Real Estate Llc-S Series 5141 & 5143 N
Current Estimated Value
$438,000

Purchase Details

Listed on
Jun 25, 2015
Closed on
Jan 24, 2016
Sold by
Laird Terence P and Laird Barbara J
Bought by
Perera Marcos C and Perera Laura N
Seller's Agent
Stephan Kline
Kline Properties, Inc.
Buyer's Agent
Charles Barker
United Real Estate Indpls
List Price
$168,210
Sold Price
$155,000
Premium/Discount to List
-$13,210
-7.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.49%
Original Mortgage
$108,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2007
Sold by
Temple Properties Llc
Bought by
Laird Terence P and Laird Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.31%
Mortgage Type
New Conventional
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
Perera Real Estate Llc-S Series 5141 & 5143 N -- --
Perera Marcos C -- Security Title Services
Laird Terence P -- Chicago Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Perera Real Estate Llc-S Serie $165,000
Previous Owner Perera Marcos C $108,500
Previous Owner Laird Terence P $116,000
Previous Owner Laird Terence P $14,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2016 01/29/16 Sold $155,000 -7.9% $252 / Sq Ft
12/18/2015 12/18/15 Pending -- -- --
12/18/2015 12/18/15 For Sale $168,210 +8.5% $273 / Sq Ft
12/16/2015 12/16/15 Off Market $155,000 -- --
06/25/2015 06/25/15 For Sale $186,900 0.0% $303 / Sq Ft
11/26/2013 11/26/13 Rented $795 -6.5% --
11/26/2013 11/26/13 Under Contract -- -- --
08/14/2013 08/14/13 For Rent $850 -- --
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 $5,441 $249,500 $43,700 $205,800
2023 $5,441 $224,300 $43,700 $180,600
2022 $5,464 $224,300 $43,700 $180,600
2021 $4,574 $193,200 $23,200 $170,000
2020 $4,807 $202,600 $23,200 $179,400
2019 $4,897 $202,600 $23,200 $179,400
2018 $4,418 $180,800 $23,200 $157,600
2017 $3,922 $179,600 $23,200 $156,400
2016 $3,708 $173,300 $23,200 $150,100
2014 $5,310 $245,600 $23,200 $222,400
2013 $5,106 $245,600 $23,200 $222,400
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Stephan Kline

    Kline Properties, Inc.

    Section Image

  • C

    Buyer's Agent in 2016

    Charles Barker

    United Real Estate Indpls

    Section Image

  • J

    Seller Co-Listing Agent in 2013

    Julia Burns

    Weichert, Realtors-Tralee Prop

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21361594

MIBOR Broker Listing Cooperative®

APN: 49-06-12-202-013.000-801

Indiana Marion County Indianapolis 46205 Meridian Kessler

5141 N College Ave, Indianapolis, IN

This home is located at 5141 N College Ave, Indianapolis, IN 46205 since 25 June 2015 and is currently estimated at $438,000, approximately $711 per square foot. This property was built in 1924. 5141 N College Ave is a home located in Marion County with nearby schools including James Whitcomb Riley School 43, Arsenal Technical High School, and George Washington Community High School (9-12).

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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