NOT LISTED FOR SALE

5157 Carrollton Ave Indianapolis, IN 46205

Meridian Kessler Neighborhood

Estimated Value: $369,000 - $399,000

2 Beds
-- Bath
952 Sq Ft
$403/Sq Ft Est. Value

Last Sold September 22, 2020

Last sale price $256,500 $269 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,630/month

About This Home

As of September 2020

Fantastic investor opportunity or live on one side and rent out the other! A stone's throw from College Ave and the new REDLINE stop, the Monon and fabulous restaurants like Mama Carolla's, Delicia, and Half Liter. 2 BR 1.5 BA is not currently rented and has had new carpet installed. Last rented for $1100 mo, The 5159 side a 2 BR 1 BA and has a 10-year renter that helps in caring for the property. Side two has a lease through Sept 2021 and pays $825 and takes great care of her unit and the property. Don't miss out on this great location.

Last Agent to Sell the Property

Lee Smith

@properties License #RB17001945 Listed on: 08/24/2020

@properties

Last Buyer's Agent

Emily Burford

@properties

@properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,234

Year Built

  • Built in 1924

Lot Details

  • 6,970

Home Design

  • Vinyl Construction Material

Additional Features

  • 2-Story Property
  • 6,970 Sq Ft Lot

Community Details

  • Porters College Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance, all utilities, water
  • The owner pays for inshazard, insurance, lawncare, taxes
  • Assessor Parcel Number 490612202019000801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,234

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Bungalow/Shotgun
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2006
  • Year Built: 1924
  • Lot Size Acres: 0.16
  • Structure Type: Duplex
  • Subdivision Name: PORTERS COLLEGE
  • Inspection Warranties: General
  • Property Description: Fantastic investor opportunity or live on one side and rent out the other! A stone's throw from College Ave and the new REDLINE stop, the Monon and fabulous restaurants like Mama Carolla's, Delicia, and Half Liter. 2 BR 1.5 BA is not currently rented and has had new carpet installed. Last rented for $1100 mo, The 5159 side a 2 BR 1 BA and has a 10-year renter that helps in caring for the property. Side two has a lease through Sept 2021 and pays $825 and takes great care of her unit and the property. Don't miss out on this great location.
  • Transaction Type: Sale
  • Website: www.myhome4good.com
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: InsHazard, Insurance, Lawncare, Taxes
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Vinyl With Brick
  • Disclosures: Not Applicable
  • List Price: 240000

Garage/Parking

  • Unit Parking: Paved Area
  • Auto Parking: 1

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 5865

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 490612202019000801
  • Acres: <1/4 Acre
  • Lot Information: Busline,Corner,Curbs,Sidewalks,Street Lights
  • Lot Number: Pt 13
  • Lot Size: E63X79

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance, All Utilities, Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4234
  • Semi Annual Property Tax Amt: 2117
  • Tax Exemption: MortageTaxExemption

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2020
Closed on
Sep 22, 2020
Sold by
Sharp Jacob D
Bought by
Crow Aaron L and Crow Caitlin A
Seller's Agent
Lee Smith
@properties
Buyer's Agent
Emily Burford
@properties
List Price
$240,000
Sold Price
$256,500
Premium/Discount to List
$16,500
6.88%
Current Estimated Value
$384,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,500
Avg. Annual Appreciation
6.57%
Original Mortgage
$172,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2007
Sold by
Foushee Michael Todd
Bought by
Sharp Jacob D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.31%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Crow Aaron L $256,500 First American Title Insurance
Sharp Jacob D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crow Aaron L $207,000
Closed Crow Aaron L $172,500
Previous Owner Sharp Jacob D $138,429
Previous Owner Sharp Jacob D $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2020 09/22/20 Sold $256,500 +6.9% $269 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $240,000 -- $252 / 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 $6,330 $293,000 $39,300 $253,700
2023 $6,330 $261,800 $39,300 $222,500
2022 $6,624 $261,800 $39,300 $222,500
2021 $5,644 $240,000 $19,100 $220,900
2020 $4,158 $175,000 $19,100 $155,900
2019 $4,234 $175,000 $19,100 $155,900
2018 $3,712 $151,600 $19,100 $132,500
2017 $3,308 $150,800 $19,100 $131,700
2016 $3,135 $145,800 $19,100 $126,700
2014 $4,411 $204,200 $19,100 $185,100
2013 $2,571 $204,200 $19,100 $185,100
Source: Public Records

Agents Affiliated with this Home

  • Lee Smith

    Seller's Agent in 2020

    Lee Smith

    @properties

    (317) 523-8702

    1 in this area

    209 Total Sales

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  • E

    Buyer's Agent in 2020

    Emily Burford

    @properties

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21734823

MIBOR Broker Listing Cooperative®

APN: 49-06-12-202-019.000-801

Indiana Marion County Indianapolis 46205 Meridian Kessler

5157 Carrollton Ave, Indianapolis, IN

This home is located at 5157 Carrollton Ave, Indianapolis, IN 46205 since 24 August 2020 and is currently estimated at $384,000, approximately $403 per square foot. This property was built in 1924. 5157 Carrollton 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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