NOT LISTED FOR SALE

518 E Merrill St Indianapolis, IN 46203

Fletcher Place Neighborhood

Estimated Value: $322,000 - $387,000

2 Beds
1 Bath
2,490 Sq Ft
$142/Sq Ft Est. Value

Highlights

  • Separate Formal Living Room
  • Covered patio or porch
  • 3-minute walk to Edna Balz Lacy Park

About This Home

As of April 2021

WOW!!! TALK ABOUT LOCATION. ACROSS FROM LILLY'S. WALK TO NEW CONSECO FIELDHOUSE, NEW ANTHEM INSURANCE OFFICE, FARM BUREAU OFFICE BUILDING, FOUNTAIN SQUARE & DUNAWAY'S 5***** RESTAURANT. UPSTAIRS UNIT WITH 25X8 BALCONY O VERLOOKING QUAINT, QUIET STREET (LIKE ANOTHER ROOM). NEW PAINT & CARPETING. QUICK ACCESS TO DOWNTOWN (4 BLOCKS) AND I-65 & I-70 (3 BLOCKS) NEW DOMONT ART GALLERY & STUDIO GOING IN 2 DOORS AWAY. ENJOY DOWNTOWN

Last Agent to Rent the Property

Fred Kortepeter

United Real Estate Indpls Listed on: 10/25/1999

Last Renter's Agent

Fred Kortepeter

United Real Estate Indpls License #RB14041446

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,442

Year Built

  • 1920

Lot Details

  • 3,528

Home Design

  • Triplex

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Separate Formal Living Room
  • Covered patio or porch

Listing and Financial Details

  • Security Deposit $300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,442

Year Built

1920

Lot Details

0

Rental Info

  • Lease Price: 500.00
  • Min Lease Req: 12
  • Security Deposit: 300
  • Lease Termin Months: 12
  • Lease Term: 12 Months
  • Tenant Pays: Cable TV, Electricity, Gas

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Transaction Type: Lease
  • Lifestyles: Triplex
  • Architectural Style: Historic
  • Directions: LOCATED IN HISTORIC FLETCHER PLACE, BEHIND HOLY ROSARY CHURCH. FROM THE INTERSECTION OF VIRGINIA AVE. & SOUTH & EAST STREETS, GO SOUTH 1 BLOCK.
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: No
  • Subdivision Name: DOWNEYS
  • Special Features: None
  • Year Built: 1920

Interior Features

  • Appliances: Disposal, Electric Oven, Refrigerator
  • Areas Interior: Living Room Formal
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 0
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Bathroom Areas: 1.0000
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Screens Complete, Windows Thermal, Window Metal
  • Owner Pays: Lawncare, Trash Collection, Water

Exterior Features

  • Porch: Covered Porch
  • Construction Type: Vinyl Siding
  • Disclosures: Not Applicable

Garage/Parking

  • Fuel: Gas
  • Num Parking Spaces: 0

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Utility Options: Cable Connected,Gas Connected
  • Water Heater: Gas

Condo/Co-op/Association

  • Pets Allowed: No

Lot Info

  • Lot Number: 0
  • Lot Size: 30 X 117

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2015
Sold by
Mcwilliams Terrence and Mcwilliams Monique
Bought by
Binhack Jessica M and Binhack Kyle M
Current Estimated Value
$354,500

Purchase Details

Closed on
May 30, 2008
Sold by
Mcwilliams Terrence and Mcwilliams Monique H
Bought by
Mack 4 Properties Llc

Purchase Details

Closed on
Mar 28, 2008
Sold by
Mack 4 Properties Llc
Bought by
Mcwilliams Terrence and Mcwilliams Monique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,450
Interest Rate
6.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 10, 2005
Sold by
Mcwilliams Terrance and Mcwilliams Monlque H
Bought by
Mack 4 Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2005
Sold by
Mack 4 Properties Llc
Bought by
Mcwilliams Terrance and Mcwilliams Monique H
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
Binhack Jessica M -- None Available
Mack 4 Properties Llc -- None Available
Mcwilliams Terrence -- Lsi
Mack 4 Properties Llc -- None Available
Mcwilliams Terrance -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcwilliams Terrence $112,450
Previous Owner Mack 4 Properties Llc $71,200
Previous Owner Mcwilliams Terrance L $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2021 04/13/21 Rented -- -- --
04/13/2021 04/13/21 Rented -- -- --
03/14/2021 03/14/21 Under Contract -- -- --
03/14/2021 03/14/21 Under Contract -- -- --
10/25/1999 10/25/99 For Rent $495 0.0% --
06/18/1999 06/18/99 For Rent $495 -- --
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 $2,442 $197,500 $42,800 $154,700
2023 $2,442 $197,500 $42,800 $154,700
2022 $2,198 $197,500 $42,800 $154,700
2021 $1,926 $157,900 $22,100 $135,800
2020 $1,890 $154,500 $22,100 $132,400
2019 $1,879 $151,200 $22,100 $129,100
2018 $1,743 $139,300 $22,100 $117,200
2017 $1,524 $133,100 $22,100 $111,000
2016 $1,395 $127,200 $22,100 $105,100
2014 $1,939 $89,700 $22,100 $67,600
2013 $2,016 $89,700 $22,100 $67,600
Source: Public Records

Agents Affiliated with this Home

  • F

    Landlord's Agent in 2021

    Fred Kortepeter

    United Real Estate Indpls

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 9939105

MIBOR Broker Listing Cooperative®

APN: 49-11-12-114-001.000-101

Indiana Marion County Indianapolis 46203 Fletcher Place

518 E Merrill St, Indianapolis, IN

This home is located at 518 E Merrill St, Indianapolis, IN 46203 since 25 October 1999 and is currently priced at $354,500. This property was built in 1920. 518 E Merrill St is a home located in Marion County with nearby schools including Washington Irving School 14, 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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