NOT LISTED FOR SALE

5152 E Michigan St Indianapolis, IN 46219

Irvington Neighborhood

Estimated Value: $164,000 - $177,000

2 Beds
-- Bath
864 Sq Ft
$197/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $68,750 $80 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $1,119/month

6 Days on Market

About This Home

As of August 2018

Updated 2 unit duplex with basement and detached garage. House is in great shape with no known issues. Both sides currently rented. 1 furnace 4 years old. New water heater. Great income producing property. In Little Flower area and Ellenberger Park. Tenants have separate agreement to pay landlord for all utilities and lawncare. Can be purchased as a 4 property portfolio, including 21578855,21578882,21578890.

Last Agent to Sell the Property

David Danz

Carpenter, REALTORS® License #RB14026059 Listed on: 07/06/2018

Carpenter, REALTORS®

Co-Listed By

Deborah Flowers

Carpenter, REALTORS® License #RB17000954

Last Buyer's Agent

Chad Colston

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,619

Parking

  • 1 Car Garage

Home Design

  • Traditional Architecture
  • Block Foundation

Additional Features

  • 1-Story Property
  • 5,619 Sq Ft Lot

Community Details

  • Emerson Heights Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for inshazard, insurance, taxes, sewer
  • Assessor Parcel Number 491003114073000701

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TradAmer
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1920
  • Co List Office Phone: 317-271-2277
  • Lot Size Acres: 0.129
  • Road Frontage Type: City Street
  • Subdivision Name: EMERSON HEIGHTS
  • Inspection Warranties: Not Applicable
  • Property Description: Updated 2 unit duplex with basement and detached garage. House is in great shape with no known issues. Both sides currently rented. 1 furnace 4 years old. New water heater. Great income producing property. In Little Flower area and Ellenberger Park. Tenants have separate agreement to pay landlord for all utilities and lawncare. Can be purchased as a 4 property portfolio, including 21578855,21578882,21578890.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: InsHazard, Insurance, Insurance, Taxes, Sewer
  • Possible Use: Residential
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: ConnAll

Exterior Features

  • Construction Materials: Other
  • Disclosures: Not Applicable
  • Foundation Details: Block

Garage/Parking

  • Garage Spaces: 1
  • Unit Parking: On Street,Parking Garage

Utilities

  • Solid Waste: 0

Lot Info

  • Current Use: Residential
  • Parcel Number: 491003114073000701
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Corner
  • Lot Number: 12
  • Lot Size: 40 x 140

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 1798
  • Semi Annual Property Tax Amt: 899
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2022
Sold by
Shake & Bake Llc
Bought by
Ramos Realty Llc
Current Estimated Value
$167,000

Purchase Details

Closed on
Jan 11, 2022
Sold by
Magnolia Property Investment Llc
Bought by
Shake & Bake Llc

Purchase Details

Closed on
Jan 7, 2022
Sold by
Shake & Bake Llc
Bought by
Ramos Realty Llc

Purchase Details

Closed on
Jan 4, 2022
Sold by
Magnolia Property Investment Llc
Bought by
Shake & Bake Llc

Purchase Details

Closed on
Dec 29, 2021
Sold by
Shake & Bake Llc
Bought by
Ramos Realty Llc

Purchase Details

Listed on
Jul 6, 2018
Closed on
Aug 24, 2018
Sold by
Weesner Sandra K
Bought by
Scott Lacy Georeg
Seller's Agent
David Danz
Carpenter, REALTORS®
Buyer's Agent
Chad Colston
List Price
$77,500
Sold Price
$68,750
Premium/Discount to List
-$8,750
-11.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.00%
Original Mortgage
$51,562
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 21, 2012
Closed on
Aug 29, 2012
Sold by
Roberts Deborah and Schwimmer James E
Bought by
Weesner William J and Weesner Sandra K
Seller's Agent
Jim Bardes
eXp Realty, LLC
Buyer's Agent
William Weesner
List Price
$21,900
Sold Price
$17,500
Premium/Discount to List
-$4,400
-20.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.66%
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
Ramos Realty Llc -- Bray Miranda D
Shake & Bake Llc -- Bray Miranda D
Ramos Realty Llc -- Bray Miranda D
Shake & Bake Llc -- Bray Miranda D
Ramos Realty Llc $116,000 Bray Miranda D
Shake & Bake Llc $116,000 Bray Miranda D
Scott Lacy Georeg $68,800 --
Magnolia Property Investment Llc $68,750 Abstract &Title Guaranty Co In
Weesner William J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magnolia Property Investment Llc $51,562
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2018 08/24/18 Sold $68,750 -11.3% $80 / Sq Ft
07/13/2018 07/13/18 Pending -- -- --
07/06/2018 07/06/18 For Sale $77,500 +342.9% $90 / Sq Ft
08/29/2012 08/29/12 Sold $17,500 -20.1% $20 / Sq Ft View Prior Sale
07/06/2012 07/06/12 Pending -- -- --
06/21/2012 06/21/12 For Sale $21,900 -- $25 / 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 $3,023 $122,500 $25,500 $97,000
2023 $3,023 $121,600 $25,500 $96,100
2022 $2,303 $91,800 $25,500 $66,300
2021 $2,231 $90,900 $25,500 $65,400
2020 $1,991 $80,300 $16,500 $63,800
2019 $2,010 $79,700 $16,500 $63,200
2018 $1,794 $70,000 $16,500 $53,500
2017 $1,922 $84,700 $16,500 $68,200
2016 $799 $32,600 $16,500 $16,100
2014 $599 $27,700 $16,500 $11,200
2013 $563 $27,100 $16,500 $10,600
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    David Danz

    Carpenter, REALTORS®

    (317) 281-1680

    1 in this area

    126 Total Sales

    David Danz
    Section Image
  • Deborah Flowers

    Seller Co-Listing Agent in 2018

    Deborah Flowers

    Carpenter, REALTORS®

    (317) 833-4229

    1 in this area

    136 Total Sales

    Deborah Flowers
    Section Image

  • C

    Buyer's Agent in 2018

    Chad Colston

  • J

    Seller's Agent in 2012

    Jim Bardes

    eXp Realty, LLC

    Section Image

  • W

    Buyer's Agent in 2012

    William Weesner

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21578873

MIBOR Broker Listing Cooperative®

APN: 49-10-03-114-073.000-701

Indiana Marion County Indianapolis 46219 Irvington

5152 E Michigan St, Indianapolis, IN

Not Listed for Sale

MultiFamily

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