$450,000
SOLD DEC 21, 2021
-- Bed
-- Bath
1,056 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$426 Per Sq Ft

25% Below List Price

97 Days on Market

About This Home

As of June 2024

This is four parcels. Great redevelopment opportunity in Bates Hendricks. One is vacant, two are tri-plex and one is a single family home. All units are rented on month to month. can be vacant with 30 days notice. Addresses include 530, 526, 522 & 518 Prospect Street.

Last Agent to Sell the Property

Tim Bradley

Discover Properties, LLC License #RB14034076 Listed on: 07/15/2021

Co-Listed By

Amber Bradley

Discover Properties, LLC License #RB14051696

Last Buyer's Agent

Tim Bradley

Discover Properties, LLC License #RB14034076 Listed on: 07/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,028

Year Built

  • 1923

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,028

Year Built

1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Residential Units - 1 to 4
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 3
  • Conversion: 1
  • Architectural Style: TraditonalAmerican
  • Co List Office Mls Id: MBRDIPC01
  • Co List Office Phone: 317-254-8888
  • Directions: go west on Prospect from Shelby to house on right. Just east of East St.
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: Triplex
  • Subdivision Name: HENDRICKS
  • Special Features: None
  • Year Built: 1923

Interior Features

  • Sq Ft Main Upper: 0
  • Laundry: Connections All
  • Owner Pays: Electricity, Gas, Sewer, All Utilities, Water

Exterior Features

  • Construction Type: Vinyl Siding
  • Disclosures: Not Applicable

Garage/Parking

  • Unit Parking: Other

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 4500

Lot Info

  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Access Street,Sidewalks
  • Lot Number: lot 48
  • Lot Size: 30x90

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: No Utilities

Tax Info

  • Semi Annual Property Tax Amt: 514
  • Tax Exemption: None
  • Tax Annual Amount: 1028
  • Tax Year: 2012

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • School District: Indianapolis Public Schools

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.81%
Original Mortgage
$299,900
Outstanding Balance
$297,644
Interest Rate
7.02%
Mortgage Type
Construction
Estimated Equity
$6,271

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

Similar Homes in Indianapolis, IN

  • 522 Prospect St, Indianapolis, IN 46203

    $425,000

    • 5 Beds
    • 3 Baths
    • 522 Prospect St
    • Indianapolis, IN

    This fully furnished, newly remodeled triplex at 522 Prospect Street is the ultimate opportunity for any investor. Featuring two 2 bed/1 bath units and one 1 bed/1 bath unit, the property has been updated with new flooring, modern kitchens, a new roof, siding, water heater, and furnace. All furnishings are included in the sale, making this a true turnkey investment.Previously operated as an

    Jacob Deacon eXp Realty, LLC

    Section Image
  • 1315 Union St, Indianapolis, IN 46225

    $425,000

    • 6 Beds
    • 1315 Union St
    • Indianapolis, IN

    This fully remodeled duplex features two spacious units, each offering 3 bedrooms, 2.5 baths, and 1,650 square feet of living space. Both sides include modern finishes, updated systems, and thoughtful layouts ideal for long-term tenants. The property is currently bringing in $2,700 per month in combined rent, with room to increase as market rents in the area continue to rise. Located near

    Olga Bliuc-Haggard New Quantum Realty Group

    Section Image
  • 1724 Woodlawn Ave, Indianapolis, IN 46203

    $434,500

    • 6 Beds
    • 4 Baths
    • 1724 Woodlawn Ave
    • Indianapolis, IN

    Amazing opportunity in the heart of Fountain Square! This fully renovated duplex offers two spacious 3 bed / 2 bath units, each thoughtfully updated with granite countertops, stainless steel appliances, tile showers, and fresh paint throughout. Whether you're an investor seeking strong rental income or a homeowner looking to house hack and offset your mortgage, this property checks every box.

    Nicole Lehman Berkley & State, LLC

    Section Image
  • 932 E Market St, Indianapolis, IN 46202

    $500,000

    • 5 Beds
    • 4 Baths
    • 932 E Market St
    • Indianapolis, IN

    *Awesome Investor Opportunity* This income-producing property offers "4 rental units." One unit is 2-Bedrooms. The other two units in main house are 1 Bedroom. The carriage house offers a private 1 Bedroom. Good parking, coin laundry in basement, Great location.

    Tere Long F.C. Tucker Company

    Section Image
  • 312 N College Ave, Indianapolis, IN 46202

    $525,000

    • 4 Beds
    • 4 Baths
    • 312 N College Ave
    • Indianapolis, IN

    Discover this charming and well-maintained duplex in the heart of downtown Indianapolis. Each side offers 2 bedrooms and 1.5 updated baths, with fresh interior and exterior paint throughout. The home features original hardwood floors, soaring ceilings, and spacious living and dining rooms filled with character. Enjoy the convenience of off-street parking and the very best walkable lifestyle-just

    Tom McNulty McNulty Real Estate Services,

    Section Image
  • 420 S Hamilton Ave, Indianapolis, IN 46201

    $425,000

    • 3 Beds
    • 2 Baths
    • 420 S Hamilton Ave
    • Indianapolis, IN

    INVESTOR ALERT!! Presenting New Construction Multi-Family located in one of Indianapolis' rapidly appreciating neighborhoods, ideal for both seasoned and first-time investors seeking strong rental income and long-term equity growth. This Professionally built property features two spacious and modern 3-Bedroom, 2-Bathroom units, each with open-concept floor plans, luxury vinyl plank flooring,

    Jade McGillem Richfield Realty Group

    Section Image
  • 1603 E Market St, Indianapolis, IN 46201

    $440,000

    • 5 Beds
    • 1 Bath
    • 1603 E Market St
    • Indianapolis, IN

    *DO YOU WANT A 4% INTEREST RATE?! ASK HOW!* Gorgeous 5 bed, 3.5 bath custom home with over 2,600 sqft of living space in the heart of Holy Cross with a finished basement apartment-perfect for owner-occupants or investors! Live in the upper level while generating income from the private-entry basement apartment, ideal for Airbnb or long-term rental. Potential short-term rental income ranges from

    Sarah Hubley Mike Thomas Associates

    Section Image
  • 1425 Sturm Ave, Indianapolis, IN 46201

    $429,900

    • 4 Beds
    • 6 Baths
    • 1425 Sturm Ave
    • Indianapolis, IN

    Great opportunity in Holy Cross neighborhood to own this entire duplex! Each side has original hardwood floors, updated kitchens, and features two bedrooms and 2 and 1/2 baths. 1425 Sturm also features a two car garage and 1427 features a one car garage. This home also boasts a large covered front porch and separate fenced backyard. Great location is walking distance to Highland Park, Futuro

    Terry Brown CENTURY 21 Scheetz

    Section Image
  • 38 Hendricks Place, Indianapolis, IN 46201

    $350,000

    • 4 Beds
    • 4 Baths
    • 38 Hendricks Place
    • Indianapolis, IN

    Great Investment Opportunity Near Eastside Downtown Indianapolis! Don't miss this fantastic duplex just minutes from downtown. Each side features 2 bedrooms and 2 bathrooms making it ideal for an owner-occupant looking to live in one unit and rent the other, or for an investor seeking strong cash flow with dual rental income. One side is currently tenant-occupied, generating $1,500 per month in

    Lorie Blythe The Stewart Home Group

    Section Image

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 Type Sale Price Title Company
Warranty Deed $227,500 Trademark Title Services
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed -- None Available
Deed $195,000 --
Warranty Deed $195,000 Best Title Services
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $299,900 Construction
Previous Owner $212,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 For Sale $425,000 +86.8% --
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

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21797231

MIBOR Broker Listing Cooperative®

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