NOT LISTED FOR SALE

522 Prospect St Indianapolis, IN 46203

Bates-Hendricks Neighborhood

Estimated Value: $223,000 - $392,574

3 Beds
-- Bath
1,056 Sq Ft
$285/Sq Ft Est. Value

Last Sold June 18, 2024

Last sale price $227,500 $215 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,879/month

11 Days on Market

About This Home

As of June 2024

Investment opportunity! This triplex and lot next door are ready for you to come along and make it your own!! Located in popular Bates Hendricks, this property can be cash flowing in no time!! Each unit is one bed one bath, upstairs you could add square footage! One unit is currently rented on month to month. The 2nd unit downstairs can be rent ready now with a few touches. Or do an overhaul to get amazing rents or short-term rental. This property is close to everything, downtown, Lilly, hospitals. Could be great for professionals and/or traveling nurses!! The lot next door comes with the property and has a curb cut!! You can build a second property, garage or an outdoor courtyard oasis for your tenants!! Main sewer line was replaced last year!! With the close proximity to everything Indy has to offer, this is a GEM!! Rents can be much higher! Property sold as-is

Last Agent to Sell the Property

Valerie Vaughn

Match House Realty Group LLC Brokerage Email: valerie@matchhouserealty.com License #RB17000059 Listed on: 05/07/2024

Last Buyer's Agent

Alexander Foley

Liz Foley Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,264

Year Built

  • Built in 1923

Lot Details

  • 6,430 Sq Ft Lot

Home Design

  • Triplex

Additional Features

  • Basement

Community Details

  • Hendricks Subdivision

Listing and Financial Details

  • Tax Lot 48-49
  • Assessor Parcel Number 491112101041000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,264

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1923
  • Lot Size Acres: 0.15
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Hendricks
  • Transaction Type: Sale
  • Conversion: Yes
  • Price Unit: 75833
  • MBR_AttributionContact: valerie@matchhouserealty.com
  • Attribution Contact: valerie@matchhouserealty.com
  • Special Features: None

Interior Features

  • Basement: Yes

Exterior Features

  • List Price: 235000
  • Road Access: Access Rd,Frontage Road,Street Cuts

Utilities

  • Solid Waste: No

Fee Information

  • Expenses: 0

Lot Info

  • Property Attached Yn: Yes
  • Current Use: Apt<20
  • Lot Size Sq Ft: 6430
  • Parcel Number: 491112101041000101
  • Acres: <1/4 Acre
  • Price Acre: 1516667

Green Features

  • Green Certification Y N: No

Multi Family

  • Gross Income: 675
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3263.8
  • Tax Lot: 48-49
  • Semi Annual Property Tax Amt: 1631.9
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2024
Closed on
Jun 24, 2024
Sold by
Lost Real Estate Llc
Bought by
Shazam Properties Llc
Seller's Agent
Valerie Vaughn
Match House Realty Group LLC
Buyer's Agent
Alexander Foley
Liz Foley Real Estate, Inc.
List Price
$265,000
Sold Price
$227,500
Premium/Discount to List
-$37,500
-14.15%
Views
33
Current Estimated Value
$300,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,144
Avg. Annual Appreciation
30.74%
Original Mortgage
$299,900
Outstanding Balance
$297,644
Interest Rate
7.02%
Mortgage Type
Construction
Estimated Equity
$3,000

Purchase Details

Listed on
Jul 15, 2021
Closed on
Dec 22, 2021
Sold by
Matthew Losey
Bought by
Lost Real Estate Llc
Seller's Agent
Tim Bradley
Discover Properties, LLC
Buyer's Agent
Tim Bradley
Discover Properties, LLC
List Price
$599,000
Sold Price
$450,000
Premium/Discount to List
-$149,000
-24.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-23.96%

Purchase Details

Listed on
Jul 15, 2021
Closed on
Dec 18, 2021
Sold by
Matthew Losey
Bought by
Lost Real Estate Llc
Seller's Agent
Tim Bradley
Discover Properties, LLC
Buyer's Agent
Tim Bradley
Discover Properties, LLC
List Price
$599,000
Sold Price
$450,000
Premium/Discount to List
-$149,000
-24.87%

Purchase Details

Closed on
Oct 21, 2021
Sold by
Bates Hendricks Bulders Llc
Bought by
Frost Nicholas and Losey Matthew

Purchase Details

Closed on
Jul 20, 2017

Purchase Details

Closed on
Mar 27, 2006
Sold by
Altmeyer Robert A
Bought by
Virginia Ave Management Llc
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
Shazam Properties Llc $227,500 Trademark Title Services
Lost Real Estate Llc -- None Listed On Document
Lost Real Estate Llc -- None Listed On Document
Frost Nicholas -- None Available
-- $195,000 --
Bates Hendricks Builders Llc $195,000 Best Title Services
Virginia Ave Management Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shazam Properties Llc $299,900
Previous Owner Bates Hendricks Builders Llc $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $227,500 -3.2% $215 / Sq Ft
05/19/2024 05/19/24 Pending -- -- --
05/17/2024 05/17/24 Price Changed $235,000 -11.3% $223 / Sq Ft
05/07/2024 05/07/24 For Sale $265,000 -41.1% $251 / Sq Ft
12/21/2021 12/21/21 Sold $450,000 -24.9% $426 / Sq Ft
10/20/2021 10/20/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $599,000 -- $567 / 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 $2,590 $109,200 $27,800 $81,400
2023 $2,590 $105,500 $27,800 $77,700
2022 $2,577 $105,500 $27,800 $77,700
2021 $2,260 $94,300 $27,800 $66,500
2020 $2,085 $86,500 $27,800 $58,700
2019 $1,488 $59,600 $3,100 $56,500
2018 $1,434 $56,900 $3,100 $53,800
2017 $1,209 $53,300 $3,100 $50,200
2016 $1,120 $50,300 $3,100 $47,200
2014 $984 $45,500 $3,100 $42,400
2013 $906 $43,600 $3,100 $40,500
Source: Public Records

Agents Affiliated with this Home

  • Valerie Vaughn

    Seller's Agent in 2024

    Valerie Vaughn

    Match House Realty Group LLC

    (317) 728-9618

    3 in this area

    115 Total Sales

    Valerie Vaughn
    Section Image

  • A

    Buyer's Agent in 2024

    Alexander Foley

    Liz Foley Real Estate, Inc.

    Section Image

  • T

    Seller's Agent in 2021

    Tim Bradley

    Discover Properties, LLC

    (317) 289-0470

    2 in this area

    43 Total Sales

    Tim Bradley
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Amber Bradley

    Discover Properties, LLC

    (317) 289-0470

    2 in this area

    32 Total Sales

    Amber Bradley
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21977117

MIBOR Broker Listing Cooperative®

APN: 49-11-12-101-041.000-101

Indiana Marion County Indianapolis 46203 Bates-Hendricks

522 Prospect St, Indianapolis, IN

This home is located at 522 Prospect St, Indianapolis, IN 46203 since 07 May 2024 and is currently estimated at $300,644, approximately $284 per square foot. This property was built in 1923. 522 Prospect 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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