NOT LISTED FOR SALE

5147 E 16th St Indianapolis, IN 46218

Eastside Neighborhood

Estimated Value: $221,000 - $257,731

2 Beds
1 Bath
992 Sq Ft
$246/Sq Ft Est. Value

Last Sold April 19, 2024

Last sale price $218,000 $220 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,655/month

12 Days on Market

Highlights

  • Mature Trees
  • Corner Lot
  • Forced Air Heating System
  • Ranch Style House
  • 2 Car Detached Garage

About This Home

As of April 2024

This cute all brick ranch Duplex with full basement offers up an Amazing income opportunity and/or live in one side and let a tenant live in the other side and help pay your mortgage. Detached 2-car garage and additional parking pad. Covered porches. Convenient location to all things in east Indianapolis with easy access to all major streets, highways and interstates. Enjoy the corner lot and Love where you live in this established and desirable neighborhood!

Last Agent to Sell the Property

Randy Farrell

United Real Estate Indpls Brokerage Email: rfarrell@c21scheetz.com License #RB14042100 Listed on: 03/18/2024

United Real Estate Indpls

Last Buyer's Agent

Michelle Collings

RE/MAX Realty Group

RE/MAX Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,834

Year Built

  • Built in 1948

Lot Details

  • 0.28 Acre Lot
  • Corner Lot
  • Mature Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation

Basement

  • Basement Fills Entire Space Under The House
  • Basement Lookout

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Justus Subdivision

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 490734136011000701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,834

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1948
  • Lot Size Acres: 0.28
  • Road Surface Type: Asphalt
  • Structure Type: Duplex
  • Subdivision Name: Justus
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 109000
  • MBR_AttributionContact: rfarrell@c21scheetz.com
  • Attribution Contact: rfarrell@c21scheetz.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Daylight/Lookout Windows, Full
  • Levels: One
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt
  • Construction Materials: Brick
  • Fencing: Partial, Privacy
  • Foundation Details: Block
  • List Price: 229000
  • Waterfront: No
  • Road Access: Not Applic

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached
  • Unit Parking: 1 Car Space,2 Car Garage

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Solid Waste: No

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: Corner Lot, Mature Trees
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Size Sq Ft: 12066
  • Parcel Number: 490734136011000701
  • Acres: 1/4-1/2 Acre
  • Price Acre: 778571

Green Features

  • Green Certification Y N: No

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4834
  • Tax Lot: 15
  • Semi Annual Property Tax Amt: 2417

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2024
Closed on
Apr 17, 2024
Sold by
Nieman John
Bought by
Armstrong Nichole Pariss
Seller's Agent
Randy Farrell
United Real Estate Indpls
Buyer's Agent
Michelle Collings
RE/MAX Realty Group
List Price
$229,000
Sold Price
$218,000
Premium/Discount to List
-$11,000
-4.8%
Views
16
Current Estimated Value
$226,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,799
Avg. Annual Appreciation
9.29%
Original Mortgage
$141,700
Outstanding Balance
$140,056
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$104,188

Purchase Details

Closed on
Jul 23, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Nieman John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,800
Interest Rate
6.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2008
Sold by
Martin Robert J and Martin Holley A
Bought by
Deutsche Bank National Trust Company
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
Armstrong Nichole Pariss $218,000 None Listed On Document
Nieman John -- None Available
Deutsche Bank National Trust Company $75,718 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armstrong Nichole Pariss $141,700
Previous Owner Nieman John $48,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $218,000 -4.8% $220 / Sq Ft
03/28/2024 03/28/24 Pending -- -- --
03/27/2024 03/27/24 For Sale $229,000 0.0% $231 / Sq Ft
03/17/2024 03/17/24 Pending -- -- --
03/16/2024 03/16/24 For Sale $229,000 -- $231 / 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 $4,835 $198,500 $32,400 $166,100
2023 $4,835 $197,200 $32,400 $164,800
2022 $3,606 $146,200 $32,400 $113,800
2021 $3,503 $145,300 $32,400 $112,900
2020 $3,279 $135,200 $24,700 $110,500
2019 $3,308 $134,000 $24,700 $109,300
2018 $3,115 $124,800 $24,700 $100,100
2017 $2,562 $114,100 $24,700 $89,400
2016 $2,411 $109,500 $24,700 $84,800
2014 $2,175 $100,600 $24,700 $75,900
2013 $2,237 $99,300 $24,700 $74,600
Source: Public Records

Agents Affiliated with this Home

  • Randy Farrell

    Seller's Agent in 2024

    Randy Farrell

    United Real Estate Indpls

    (317) 353-5766

    2 in this area

    53 Total Sales

    Section Image

  • M

    Buyer's Agent in 2024

    Michelle Collings

    RE/MAX

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21969079

MIBOR Broker Listing Cooperative®

APN: 49-07-34-136-011.000-701

Indiana Marion County Indianapolis 46218 Eastside

5147 E 16th St, Indianapolis, IN

This home is located at 5147 E 16th St, Indianapolis, IN 46218 since 18 March 2024 and is currently estimated at $244,244, approximately $246 per square foot. This property was built in 1948. 5147 E 16th St is a home located in Marion County with nearby schools including Anna Brochhausen School 88, Arlington Community Middle School, 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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