NOT LISTED FOR SALE

524 E 11th St Indianapolis, IN 46202

Chatham Arch Neighborhood

Estimated Value: $562,015 - $693,000

4 Beds
2 Baths
-- Sq Ft
5,506 Sq Ft Lot

Last Sold October 12, 2018

Last sale price $405,000

Est. 55% increase in value since last sale

Current estimated payment $3,971/month

112 Days on Market

About This Home

As of October 2018

Four blocks to Mass Ave! Four unique apartments reflecting both history and charm! Well maintained and updated inside and out. Exterior paint (May 2018), foundation tuck pointed (Nov 2017). Past rents were greatly under value due to long term leases. All expired except #2 expiring 8/31/18 and #4 which is month to month at the old lease amount ($550.) Unit #1 is currently leased for $1200. effective Oct. 1, 2018. All new appliances plus W/D to be added to #1. New window blinds, cleaning and paint for #1,2 & 3 at this time. New lease amounts currently being advertised are indicated above. Many more details are available in the attachments. Please check the information. Great location! Great opportunity. Live in one and rent the others!!! $$$$

Last Agent to Sell the Property

Mary Jo Showley

Carpenter, REALTORS® License #RB14040661 Listed on: 05/21/2018

Carpenter, REALTORS®

Last Buyer's Agent

Clint Kreilein

Hanza Realty, LLC License #RB16001018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,080

Year Built

  • Built in 1900

Lot Details

  • 5,506 Sq Ft Lot
  • Historic Home

Parking

  • Gravel Driveway

Interior Spaces

  • 2-Story Property
  • Basement

Community Details

  • Butlers College Corner Subdivision

Listing and Financial Details

  • Tenant pays for electricity insurance all utilities other
  • The owner pays for inshazard insurance lawncare
  • Assessor Parcel Number 490636227086000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,080

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Historic
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2016
  • Year Built: 1900
  • Lot Size Acres: 0.1264
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Quadruplex
  • Subdivision Name: BUTLERS COLLEGE CORNER
  • Inspection Warranties: Not Applicable
  • Property Description: Four blocks to Mass Ave! Four unique apartments reflecting both history and charm! Well maintained and updated inside and out. Exterior paint (May 2018), foundation tuck pointed (Nov 2017). Past rents were greatly under value due to long term leases. All expired except #2 expiring 8/31/18 and #4 which is month to month at the old lease amount ($550.) Unit #1 is currently leased for $1200. effective Oct. 1, 2018. All new appliances plus W/D to be added to #1. New window blinds, cleaning and paint for #1,2 & 3 at this time. New lease amounts currently being advertised are indicated above. Many more details are available in the attachments. Please check the information. Great location! Great opportunity. Live in one and rent the others!!! $$$$
  • Transaction Type: Sale
  • Unit Count: 4
  • Conversion: 1
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: InsHazard,Insurance,Lawncare
  • Possible Use: Residential
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 3910
  • Laundry: ConnSome

Exterior Features

  • Roof: Asphalt
  • Construction Materials: Wood
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Gravel
  • Foundation Details: Partial
  • Road Access: Interstate
  • Interstate: Ramp<1Mi

Garage/Parking

  • Unit Parking: On Street,2 Car Space

Utilities

  • Solid Waste: 0
  • HVAC: 4 units

Lot Info

  • Current Use: Apt<20
  • Parcel Number: 490636227086000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Sidewalks,Storm Sewer,Street Lights
  • Lot Number: 91
  • Lot Size: 54x102

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity,Insurance,All Utilities,Other

Tax Info

  • Tax Annual Amount: 4080
  • Semi Annual Property Tax Amt: 2040
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2018
Closed on
Oct 12, 2018
Sold by
Ferguson Kerry L and Luther Bradley D
Bought by
Ng Candace Y and Bell Frank C
Seller's Agent
Mary Jo Showley
Carpenter, REALTORS®
Buyer's Agent
Clint Kreilein
Hanza Realty, LLC
List Price
$475,000
Sold Price
$405,000
Premium/Discount to List
-$70,000
-14.74%
Current Estimated Value
$627,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,508
Avg. Annual Appreciation
6.22%

Purchase Details

Listed on
May 21, 2018
Closed on
Oct 8, 2018
Sold by
Ng Candace Y and Bell Frank C
Bought by
Debut Partners Llc
Seller's Agent
Mary Jo Showley
Carpenter, REALTORS®
Buyer's Agent
Clint Kreilein
Hanza Realty, LLC
List Price
$475,000
Sold Price
$405,000
Premium/Discount to List
-$70,000
-14.74%
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
Ng Candace Y $405,000 First American Title Insurance
Debut Partners Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2018 10/12/18 Sold $405,000 -10.0% --
09/11/2018 09/11/18 Pending -- -- --
07/23/2018 07/23/18 Price Changed $449,900 -5.3% --
07/19/2018 07/19/18 For Sale $475,000 0.0% --
05/26/2018 05/26/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $475,000 -- --
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 $8,263 $371,800 $92,200 $279,600
2023 $8,263 $343,300 $92,200 $251,100
2022 $7,156 $298,100 $92,200 $205,900
2021 $6,393 $272,100 $83,800 $188,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mary Jo Showley

    Carpenter, REALTORS®

    Section Image

  • C

    Buyer's Agent in 2018

    Clint Kreilein

    Hanza Realty, LLC

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21567656

MIBOR Broker Listing Cooperative®

APN: 49-06-36-227-086.000-101

Indiana Marion County Indianapolis 46202 Chatham Arch

524 E 11th St, Indianapolis, IN

Not Listed for Sale

MultiFamily

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