NOT LISTED FOR SALE

516 E Raymond St Indianapolis, IN 46203

Garfield Park Neighborhood

Estimated Value: $133,750 - $209,000

2 Beds
-- Bath
-- Sq Ft
0.29 Acres

Last Sold December 30, 2021

Last sale price $400,000

Current estimated payment $1,103/month

1 Day on Market

About This Home

As of December 2021

Great income producing property with a diversified tenant base. Average number of years for tenant base is approx. 4 yrs. Consistent monthly income even during COV-19. Main building has 5 residential units plus a catering kitchen that is Board of Health approved. The main building has an additional unit that needs finished. The single family home is leased plus there is a vacate lot for future parking needs. Tenants have access to large paved parking lot off East St via parking agreement.

Last Agent to Sell the Property

Mark Dietel

Mark Dietel Realty, LLC License #RB14038418 Listed on: 11/16/2021

Last Buyer's Agent

Jennifer Mattos

Garnet Group

Garnet Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,388

Year Built

  • 1951

Lot Details

  • 0.29

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,388

Year Built

1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Commercial Units - 5+
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 8
  • Conversion: 0
  • Architectural Style: Other
  • Directions: Parcels located across from Garfield Park, just east of East St on north side of Raymond Str., just west of 1-65 & Raymond St exit, & approx.1 mile south of Lillian East St.
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: Apartment Building
  • Subdivision Name: B MUSSMANS RAYMOND ST SUB
  • Special Features: None
  • Year Built: 1951

Interior Features

  • Sq Ft Main Upper: 0
  • Gross Area Sq Ft: 8460
  • Laundry: Common
  • Owner Pays: InsHazard, Insurance, Insurance

Exterior Features

  • Foundation Details: Block
  • Construction Type: Wood, Wood With Stone
  • Disclosures: Not Applicable

Garage/Parking

  • Unit Parking: Parking Lot

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 23787

Lot Info

  • Acres: 1/4-1/2 Acre
  • Lot Information: Access Alley,Access Street,Busline,Sidewalks
  • Lot Number: 3
  • Lot Size: 12632

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Security, Cable TV, Electricity, Gas, Insurance, All Utilities, Water

Tax Info

  • Semi Annual Property Tax Amt: 1694
  • Tax Exemption: None
  • Multiple Tax I D: 491113204001000101
  • Tax Annual Amount: 3388
  • Tax Year: 2019

Multi Family

  • Property Net Operating Income: 45513
  • Number Of Units Total: 8

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2021
Closed on
Jan 24, 2022
Sold by
Tael Llc
Bought by
Mk Property Group Llc
Seller's Agent
Mark Dietel
Mark Dietel Realty, LLC
Buyer's Agent
Jennifer Mattos
Garnet Group
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$172,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$227,312
Avg. Annual Appreciation
-19.69%

Purchase Details

Listed on
Nov 16, 2021
Closed on
Dec 30, 2021
Sold by
Tael Llc
Bought by
Mk Property Group Llc
Seller's Agent
Mark Dietel
Mark Dietel Realty, LLC
Buyer's Agent
Jennifer Mattos
Garnet Group
List Price
$400,000
Sold Price
$400,000

Purchase Details

Closed on
Oct 26, 2011
Sold by
Marion County Board Of Commissioners Cit
Bought by
Tael Llc

Purchase Details

Closed on
Oct 25, 2011
Sold by
Crinnigan Sean
Bought by
County Of Marion

Purchase Details

Closed on
Sep 22, 2006
Sold by
Hohlt Ernest A and Hohlt Terri L
Bought by
Crinnigan Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,300
Interest Rate
9.3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mk Property Group Llc $400,000 Hocker & Associates Llc
Mk Property Group Llc $400,000 Hocker & Associates Llc
Tael Llc $7,500 None Available
County Of Marion $5,078 None Available
Crinnigan Sean -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crinnigan Sean $60,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2021 12/30/21 Sold $400,000 0.0% --
11/18/2021 11/18/21 Pending -- -- --
11/16/2021 11/16/21 For Sale $400,000 -- --
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 $2,372 $89,600 $6,600 $83,000
2023 $2,372 $97,100 $6,600 $90,500
2022 $2,290 $94,100 $6,600 $87,500
2021 $1,825 $76,200 $6,600 $69,600
2020 $1,717 $71,300 $6,600 $64,700
2019 $1,129 $45,100 $3,800 $41,300
2018 $1,083 $42,800 $3,800 $39,000
2017 $933 $41,000 $3,800 $37,200
2016 $890 $39,900 $3,800 $36,100
2014 $809 $37,400 $3,800 $33,600
2013 $778 $37,400 $3,800 $33,600
Source: Public Records

Agents Affiliated with this Home

  • Mark Dietel

    Seller's Agent in 2021

    Mark Dietel

    Mark Dietel Realty, LLC

    (317) 441-7887

    2 in this area

    205 Total Sales

    Mark Dietel
    Section Image

  • J

    Buyer's Agent in 2021

    Jennifer Mattos

    Garnet Group

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21824025

MIBOR Broker Listing Cooperative®

APN: 49-11-13-204-001.000-101

Indiana Marion County Indianapolis 46203 Garfield Park

516 E Raymond St, Indianapolis, IN

This home is located at 516 E Raymond St, Indianapolis, IN 46203 since 16 November 2021 and is currently estimated at $172,688. This property was built in 1951. 516 E Raymond St is a home located in Marion County with nearby schools including Eleanor Skillen School No. 34, Ralph Waldo Emerson School 58, and James A. Garfield School 31.

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.

Nearby Homes