NOT LISTED FOR SALE

Estimated Value: $322,000 - $359,084

2 Beds
1 Bath
1,114 Sq Ft
$302/Sq Ft Est. Value

Last Sold December 26, 2024

Last sale price $340,000 $305 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,071/month

6 Days on Market

Highlights

  • 2 Car Attached Garage
  • Shed
  • Forced Air Heating and Cooling System
  • Bungalow
  • 1-Story Property

About This Home

As of December 2024

Meet this meticulously maintained duplex in the heart of Irvington's historic district- a rare opportunity for both homeowners and investors alike! Each unit offers 3 bedrooms, 1.5 bathrooms, original hardwood floors throughout, and a charming layout. The perfect income-generating property includes a basement, on-site laundry for each unit, and a convenient 1 car attached garage. An additional parcel in the back complete with a storage shed provides flexible space and functionality. One side of the duplex is out of lease, renting month-to-month with excellent income potential. The other side is move-in ready! Recent upgrades include refreshed windows and new garage doors in 2024. HVAC systems are newer as well, with the furnace and AC in unit 5423 being 5 years old and unit 5425 being only 3 years old and the roof and gutters are only 8 years old. The property has been lovingly cared for and is being sold AS-IS. This unit offers the perfect blend of historic charm and modern touches in one of Indianapolis's most thriving downtown neighborhoods. Don't miss your opportunity to own a piece of Irvington's history with fantastic investment potential!

Last Agent to Sell the Property

Patricia McCormick

Trueblood Real Estate Brokerage Email: tmccormick@truebloodre.com License #RB20001746 Listed on: 11/21/2024

Trueblood Real Estate

Last Buyer's Agent

Harlon Wilson

Home Real Estate Solutions, LL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,534

Year Built

  • Built in 1938

Lot Details

  • 10,037 Sq Ft Lot
  • Irregular Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Duplex
  • Bungalow
  • Block Foundation

Finished Basement

  • Walk-Out Basement
  • Laundry in Basement
  • Basement Lookout

Outdoor Features

  • Shed
  • Storage Shed

Additional Features

  • 1-Story Property
  • City Lot
  • Forced Air Heating and Cooling System

Community Details

  • Ellenberger Plaza Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas, sewer, water
  • The owner pays for no utilities, taxes
  • Tax Lot 49-10-03-221-091.000-701
  • Assessor Parcel Number 491003221091000701
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,534

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1938
  • Lot Size Acres: 0.23
  • On Market Date: 2024-11-21
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Duplex
  • Subdivision Name: Ellenberger Plaza
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: tmccormick@truebloodre.com
  • Attribution Contact: tmccormick@truebloodre.com
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Daylight/Lookout Windows, Finished, Walk Out
  • Levels: One
  • Owner Pays: No Utilities, Taxes
  • ResoLivingAreaSource: Plans

Exterior Features

  • Exterior Features: Storage Shed
  • Foundation Details: Block
  • Waterfront: No
  • Road Access: Frontage Road

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Concrete, Garage Door Opener
  • Unit Parking: 2 Car Garage

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air
  • Laundry Features: In Basement
  • Solid Waste: Yes

Lot Info

  • Lot Features: City Lot, Irregular Lot, Sidewalks, Storm Sewer, Street Lights
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Current Use: Apt<20, Residential
  • Lot Size Sq Ft: 10037
  • Parcel Number: 491003221091000701
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: All Utilities, Electricity, Gas, Sewer, Water

Tax Info

  • Tax Annual Amount: 3534
  • Tax Lot: 49-10-03-221-091.000-701
  • Semi Annual Property Tax Amt: 1767
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2024
Closed on
Dec 26, 2024
Sold by
Slinker Jason S
Bought by
Segura Kevin
Seller's Agent
Patricia McCormick
Trueblood Real Estate
Buyer's Agent
Harlon Wilson
Home Real Estate Solutions, LL
List Price
$340,000
Sold Price
$340,000
Views
22
Current Estimated Value
$336,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,639
Avg. Annual Appreciation
-1.02%
Original Mortgage
$306,000
Outstanding Balance
$303,887
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$32,474

Purchase Details

Closed on
Nov 13, 2008
Sold by
Slinker James R
Bought by
Slinker Jason S
Source: Public Records
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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
Segura Kevin -- First American Title
Segura Kevin $340,000 First American Title
Slinker Jason S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Segura Kevin $306,000
Closed Segura Kevin $306,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/26/2024 12/26/24 Sold $340,000 0.0% $305 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
11/21/2024 11/21/24 For Sale $340,000 -- $305 / 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 $3,747 $149,800 $42,800 $107,000
2023 $3,747 $149,000 $42,800 $106,200
2022 $2,951 $116,200 $42,800 $73,400
2021 $2,870 $115,600 $42,800 $72,800
2020 $2,697 $107,900 $36,500 $71,400
2019 $2,722 $107,100 $36,500 $70,600
2018 $2,516 $97,700 $36,500 $61,200
2017 $1,989 $136,100 $36,500 $99,600
2016 $2,662 $119,500 $36,500 $83,000
2014 $2,376 $109,900 $36,500 $73,400
2013 $2,436 $108,500 $36,500 $72,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22011562

MIBOR Broker Listing Cooperative®

APN: 49-10-03-221-091.000-701