NOT LISTED FOR SALE

5260 Fletcher Ave Indianapolis, IN 46219

Southeast Indianapolis Neighborhood

Estimated Value: $64,000 - $105,309

2 Beds
-- Bath
450 Sq Ft
$200/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $69,900 $155 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $659/month

48 Days on Market

About This Home

As of July 2021

Remodeled Duplex on quiet street just minutes from downtown Indy!! One side is vacant and has had a cosmetic rehab. Remodeled vacant side could easily pull $550/month. Home to be sold "as is." Long term tenants are on the occupied side paying $368/month. Tenant is month to month. CASH ONLY!!!!
2 brand new furnaces were just put in on either side on June 16th.

Last Agent to Sell the Property

Lauren Hicks

@Home Indiana License #RB14050048 Listed on: 05/10/2021

Last Buyer's Agent

Lauren Hicks

@Home Indiana License #RB14050048 Listed on: 05/10/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,384

Year Built

  • Built in 1950

Lot Details

  • 5,924

Additional Features

  • 1-Story Property
  • 5,924 Sq Ft Lot

Community Details

  • Morris Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 491010148014000701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,384

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Arts&Crafts/Craftsman
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1950
  • Lot Size Acres: 0.136
  • Structure Type: Duplex
  • Subdivision Name: MORRIS
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: Water
  • Sq Ft Main Upper: 0
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Block
  • Disclosures: Not Applicable
  • List Price: 69900

Garage/Parking

  • Unit Parking: 2 Car Garage

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 20

Lot Info

  • Parcel Number: 491010148014000701
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks
  • Lot Number: 12
  • Lot Size: 5,924

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1384
  • Semi Annual Property Tax Amt: 692
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2021
Sold by
Indianapolis Real Estate Investments Llc
Bought by
Ruhl Investments Group Llc
Current Estimated Value
$90,077

Purchase Details

Listed on
May 10, 2021
Closed on
Jul 16, 2021
Sold by
Indy Asset Advantage Llc
Bought by
Indianapolis Real Estate Investments Llc
Seller's Agent
Lauren Hicks
@Home Indiana
Buyer's Agent
Lauren Hicks
E-Rocks Real Estate
Sold Price
$69,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%
Original Mortgage
$67,910
Interest Rate
2.96%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 18, 2020
Sold by
Lenz John J and Lenz Diane M
Bought by
Indy Asset Advantage Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,500
Interest Rate
2.7%
Mortgage Type
New Conventional
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
Ruhl Investments Group Llc -- None Available
Indianapolis Real Estate Investments Llc $69,900 None Available
Indy Asset Advantage Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruhl Investment Group Llc $10,200,000
Previous Owner Indianapolis Real Estate Investments Llc $67,910
Previous Owner Indy Asset Advantage Llc $33,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2021 07/16/21 Sold $69,900 0.0% $155 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
06/14/2021 06/14/21 For Sale -- -- --
06/04/2021 06/04/21 Pending -- -- --
05/25/2021 05/25/21 For Sale -- -- --
05/20/2021 05/20/21 Off Market $69,900 -- --
05/10/2021 05/10/21 For Sale $83,000 -- $184 / 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 $1,918 $76,300 $7,300 $69,000
2023 $1,918 $75,800 $7,300 $68,500
2022 $1,407 $54,600 $7,300 $47,300
2021 $1,364 $54,100 $7,300 $46,800
2020 $1,488 $59,300 $10,800 $48,500
2019 $1,496 $58,600 $10,800 $47,800
2018 $1,359 $52,400 $10,800 $41,600
2017 $1,141 $48,600 $10,800 $37,800
2016 $1,073 $46,500 $10,800 $35,700
2014 $923 $42,700 $10,800 $31,900
2013 $958 $42,100 $10,800 $31,300
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lauren Hicks

    @Home Indiana

    (317) 777-0210

    4 in this area

    123 Total Sales

    Lauren Hicks
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21784210

MIBOR Broker Listing Cooperative®

APN: 49-10-10-148-014.000-701

Indiana Marion County Indianapolis 46219 Southeast Indianapolis

5260 Fletcher Ave, Indianapolis, IN

This home is located at 5260 Fletcher Ave, Indianapolis, IN 46219 since 10 May 2021 and is currently estimated at $90,077, approximately $200 per square foot. This property was built in 1950. 5260 Fletcher Ave is a home located in Marion County with nearby schools including Christian Park School 82, Arlington Community Middle School, and Arsenal Technical High School.

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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