517 N Riley Ave Indianapolis, IN 46201
Near Eastside Neighborhood
--
Bed
--
Bath
1,242
Sq Ft
6,186
Sq Ft Lot
Highlights
- Mature Trees
- Detached Garage
- Forced Air Heating System
- Traditional Architecture
About This Home
As of August 2024Investment opportunity in this 2-unit multifamily home in Emerson Heights. Explore this home via an interactive 3D home tour, complete with floor plans, video & more. Each unit includes 3 bedrooms and 1 full bathroom on the upper level. The main level features a great room, formal dining room, & kitchen. Both sides have basement storage. Hardwood flooring and custom built-in cabinetry accent the historic architecture. New roof and some new mechanicals. Before closing, a new air central conditioner will be installed for the 517 unit. A 2-car garage with alley access for additional storage. Fully-fenced backyard. Several recent renovations have been completed to the 517 unit. The 519 unit has not been renovated. Both units have separate meters, and the tenants pay their own bills. Do not disturb the tenant in the 519 unit. Write any Purchase Agreement subject to seeing the 519 unit. Once accepted, an appointment will be scheduled to view it.
Last Agent to Sell the Property
DAVID BRENTON'S TEAM Brokerage Email: david@thebrentonteam.com License #RB14028349 Listed on: 05/01/2024
Last Buyer's Agent
Morgan Thompson
JUST LIV, LLC
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,612
Year Built
- Built in 1922
Lot Details
- 6,186 Sq Ft Lot
- Mature Trees
Home Design
- Duplex
- Traditional Architecture
- Brick Exterior Construction
- Block Foundation
- Aluminum Siding
Interior Spaces
- 2-Story Property
- Unfinished Basement
Parking
- Detached Garage
- Alley Access
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- Emerson Heights Subdivision
Listing and Financial Details
- Legal Lot and Block 28 / 2
- Assessor Parcel Number 491004133006000101
- Seller Concessions Not Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2024
Closed on
Aug 7, 2024
Sold by
Anthony Team Investments Llc
Bought by
Maringo Anthony L
Seller's Agent
David Brenton
DAVID BRENTON'S TEAM
Buyer's Agent
Morgan Thompson
JUST LIV, LLC
List Price
$229,000
Sold Price
$225,000
Premium/Discount to List
-$4,000
-1.75%
Views
13
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.12%
Original Mortgage
$157,500
Outstanding Balance
$156,436
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$66,145
Purchase Details
Closed on
Oct 27, 2023
Sold by
Scott Robert P and Scott Darla J
Bought by
Anthony Team Investments Llc
Similar Homes in Indianapolis, IN
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $225,000 | Chicago Title | |
| Warranty Deed | $75,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $157,500 | New Conventional | |
| Previous Owner | $89,200 | New Conventional | |
| Previous Owner | $92,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Pending | -- | -- | -- |
| 07/14/2025 07/14/25 | For Sale | $270,000 | +20.0% | -- |
| 08/07/2024 08/07/24 | Sold | $225,000 | -1.7% | $181 / Sq Ft |
| 05/03/2024 05/03/24 | Pending | -- | -- | -- |
| 05/01/2024 05/01/24 | For Sale | $229,000 | -- | $184 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $3,610 | $169,700 | $25,100 | $144,600 |
| 2023 | $3,610 | $146,200 | $25,100 | $121,100 |
| 2022 | $3,736 | $152,300 | $25,100 | $127,200 |
| 2021 | $3,039 | $125,700 | $25,100 | $100,600 |
| 2020 | $2,654 | $108,700 | $9,200 | $99,500 |
| 2019 | $2,410 | $96,400 | $9,200 | $87,200 |
| 2018 | $2,182 | $86,100 | $9,200 | $76,900 |
| 2017 | $1,801 | $78,800 | $9,200 | $69,600 |
| 2016 | $1,646 | $73,200 | $9,200 | $64,000 |
| 2014 | $1,689 | $77,900 | $9,200 | $68,700 |
| 2013 | $1,897 | $91,000 | $9,200 | $81,800 |
Source: Public Records
Agents Affiliated with this Home
-
Morgan Thompson
Seller's Agent in 2025
Morgan Thompson
Berkley & State, LLC
(317) 548-2145
9 in this area
61 Total Sales
-
Terri Ashmore
Buyer's Agent in 2025
Terri Ashmore
T&H Realty Services, Inc.
(317) 625-3110
1 in this area
33 Total Sales
-
David Brenton
Seller's Agent in 2024
David Brenton
DAVID BRENTON'S TEAM
(317) 882-7210
5 in this area
635 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21976588
APN: 49-10-04-133-006.000-101
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