NOT LISTED FOR SALE

5226 Central Ave Indianapolis, IN 46220

Meridian Kessler Neighborhood

Estimated Value: $447,674 - $532,000

3 Beds
1 Bath
1,768 Sq Ft
$282/Sq Ft Est. Value

Last Sold November 30, 2020

Last sale price $351,000 $199 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,043/month

7 Days on Market

About This Home

As of November 2020

Solid all brick duplex in a fantastic location. This is a large 3 bedroom duplex and it has almost 1800 sqft per side, both sides are mirror image of each other. The party wall is solid block construction which makes it very quiet. There are original hardwoods throughout most of the property. The long term owner ( since 1965) has kept the property well maintained and up-dated. There are new windows throughout. This would be a great property for experienced investors or the smart buyer who wants to live in one side and rent out the other.

Last Agent to Sell the Property

Reinhard Pollach

Carpenter, REALTORS® License #RB14047557 Listed on: 10/07/2020

Carpenter, REALTORS®

Last Buyer's Agent

Matt Urbanski

Springer Real Estate Co

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,200

Year Built

  • Built in 1922

Lot Details

  • 8,002

Parking

  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation

Additional Features

  • 2-Story Property
  • 8,002 Sq Ft Lot

Community Details

  • Ambleside Subdivision

Listing and Financial Details

  • Tenant pays for electricity, garage available, gas, insurance, sewer, all utilities, water
  • The owner pays for insurance, trash collection
  • Assessor Parcel Number 490612226201000801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,200

Year Built

Built in 1922

Lot Details

8,002 Sq Ft Lot

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1922
  • Lot Size Acres: 0.1837
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: AMBLESIDE
  • Inspection Warranties: Not Applicable
  • Property Description: Solid all brick duplex in a fantastic location. This is a large 3 bedroom duplex and it has almost 1800 sqft per side, both sides are mirror image of each other. The party wall is solid block construction which makes it very quiet. There are original hardwoods throughout most of the property. The long term owner ( since 1965) has kept the property well maintained and up-dated. There are new windows throughout. This would be a great property for experienced investors or the smart buyer who wants to live in one side and rent out the other.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Insurance, Trash Collection
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 3536
  • Laundry: Other

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Gravel
  • Foundation Details: Block
  • Road Access: CityStreet

Garage/Parking

  • Unit Parking: 2 Car Garage,Guest Parking,Unpaved

Utilities

  • Solid Waste: 1

Lot Info

  • Parcel Number: 490612226201000801
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks,Street Lights,Tree Mature
  • Lot Number: 25
  • Lot Size: 8,002

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity, Garage Available, Gas, Insurance, Sewer, All Utilities, Water

Tax Info

  • Tax Annual Amount: 5200
  • Semi Annual Property Tax Amt: 2600
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2020
Closed on
Dec 3, 2020
Sold by
Vincent And Catherine Koers Family Prote and Koers Vincent A
Bought by
Skulski Luke
Seller's Agent
Reinhard Pollach
Carpenter, REALTORS®
Buyer's Agent
Matt Urbanski
Springer Real Estate Co
List Price
$325,000
Sold Price
$351,000
Premium/Discount to List
$26,000
8%
Current Estimated Value
$499,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,225
Avg. Annual Appreciation
6.87%
Original Mortgage
$280,800
Outstanding Balance
$249,372
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$249,853

Purchase Details

Listed on
Oct 7, 2020
Closed on
Nov 30, 2020
Sold by
Koers Trust
Bought by
Skulski Luke
Seller's Agent
Reinhard Pollach
Carpenter, REALTORS®
Buyer's Agent
Matt Urbanski
Springer Real Estate Co
List Price
$325,000
Sold Price
$351,000
Premium/Discount to List
$26,000
8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,800
Outstanding Balance
$249,372
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$249,853

Purchase Details

Closed on
Nov 8, 2017
Sold by
Koers Trust
Bought by
Koers Protection Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Skulski Luke -- None Listed On Document
Skulski Luke -- None Available
Koers Protection Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skulski Luke $280,800
Closed Skulski Luke $280,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2020 11/30/20 Sold $351,000 +8.0% $199 / Sq Ft
10/15/2020 10/15/20 Pending -- -- --
10/07/2020 10/07/20 For Sale $325,000 -- $184 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 $5,344 $393,200 $99,700 $293,500
2024 $5,392 $342,300 $99,700 $242,600
2023 $5,392 $333,100 $99,700 $233,400
2022 $6,862 $391,100 $99,700 $291,400
2021 $6,058 $369,800 $63,700 $306,100
2020 $3,450 $587,200 $63,700 $523,500
2019 $14,255 $597,000 $63,700 $533,300
2018 $6,454 $264,300 $63,700 $200,600
2017 $5,710 $261,700 $63,700 $198,000
2016 $5,509 $257,900 $63,700 $194,200
2014 $4,473 $242,700 $63,700 $179,000
2013 $5,046 $242,700 $63,700 $179,000
Source: Public Records

Agents Affiliated with this Home

  • Reinhard Pollach

    Seller's Agent in 2020

    Reinhard Pollach

    Carpenter, REALTORS®

    (317) 518-0544

    9 in this area

    84 Total Sales

    Reinhard Pollach
    Section Image

  • M

    Buyer's Agent in 2020

    Matt Urbanski

    Springer Real Estate Co

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21744328

MIBOR Broker Listing Cooperative®

APN: 49-06-12-226-201.000-801

Indiana Marion County Indianapolis 46220 Meridian Kessler

5226 Central Ave, Indianapolis, IN

Not Listed for Sale

MultiFamily

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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.
Based on information submitted to the MLS GRID

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