NOT LISTED FOR SALE

545 E 38th St Indianapolis, IN 46205

Mapleton-Fall Creek Neighborhood

Estimated Value: $120,000 - $243,962

-- Bed
-- Bath
1,800 Sq Ft
$87/Sq Ft Est. Value

Last Sold October 11, 2024

Last sale price $105,000 $58 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,104/month

16 Days on Market

About This Home

As of October 2024

Another Duplex investment for your books! This property was once a business and now could be part of your portfolio. Upper unit has 1 BR, 1 Full BA. Main level unit has 1 BR, possibly 2 depending upon where you put the kitchen, 1 Full BA, 2 Half BA. Half basement is accessible from Main Level. The main level needs the kitchen put back in. For anyone looking for a small project and to feel the pride of getting an ROI, this is what you've been waiting to hear about. Mechanicals appear to be updated. Roof appears to be in excellent condition. Excellent visibility off 38th St. Bus line access directly in front. Excellent location for a small office / 1 BR rental upstairs combo or a duplex. Can easily be converted back to a single family home with access from main level. Parking lot behind this building is included - the one off Park Ave. Bring your lipstick! All it needs is cosmetics. Perfect little starter investment property.

Last Agent to Sell the Property

David Orton

Ellsbury Commerical Group Brokerage Email: davidorton@fmvrei.com License #RB14052148 Listed on: 08/05/2024

Last Buyer's Agent

Lisanne Allen

Carpenter, REALTORS®

Carpenter, REALTORS®

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 2,597

Home Design

  • Duplex
  • Traditional Architecture
  • Block Foundation

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • 1.5-Story Property
  • 2,597 Sq Ft Lot
  • Basement

Community Details

  • Marion Highlands Subdivision

Listing and Financial Details

  • Tax Lot 490624119062000101
  • Assessor Parcel Number 490624119062000101
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1920
  • Lot Size Acres: 0.06
  • Structure Type: Duplex
  • Subdivision Name: Marion Highlands
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: davidorton@fmvrei.com
  • Attribution Contact: davidorton@fmvrei.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: One and One Half
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Block
  • Road Access: Frontage Road

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Solid Waste: Yes

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 2597
  • Parcel Number: 490624119062000101
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 3156
  • Tax Lot: 490624119062000101
  • Semi Annual Property Tax Amt: 1578

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2024
Closed on
Oct 11, 2024
Sold by
Churchman David Curtis
Bought by
Mcfarland Robert Lee
Seller's Agent
David Orton
Ellsbury Commerical Group
Buyer's Agent
Lisanne Allen
Carpenter, REALTORS®
List Price
$125,000
Sold Price
$105,000
Premium/Discount to List
-$20,000
-16%
Views
18
Current Estimated Value
$155,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,991
Avg. Annual Appreciation
48.56%

Purchase Details

Listed on
Aug 6, 2021
Closed on
Dec 3, 2021
Sold by
Gray Moses W
Bought by
Churchman David Curtis
Seller's Agent
Leslie Grady
Dropped Members
Buyer's Agent
Chad Thompson
Thompson Home Sales
List Price
$99,900
Sold Price
$85,000
Premium/Discount to List
-$14,900
-14.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%

Purchase Details

Closed on
Jan 31, 2005
Sold by
Gray Robert Lee
Bought by
Gray Moses W
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
Mcfarland Robert Lee -- Security Title
Churchman David Curtis $42,500 None Available
Gray Moses W -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/11/2024 10/11/24 Sold $105,000 -16.0% $58 / Sq Ft
09/13/2024 09/13/24 For Sale $125,000 0.0% $69 / Sq Ft
08/21/2024 08/21/24 Pending -- -- --
08/05/2024 08/05/24 For Sale $125,000 +47.1% $69 / Sq Ft
12/03/2021 12/03/21 Sold $85,000 -14.9% $42 / Sq Ft View Prior Sale
11/04/2021 11/04/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $99,900 -- $50 / 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 $3,319 $119,000 $14,500 $104,500
2023 $3,319 $137,000 $14,500 $122,500
2022 $3,225 $128,300 $14,500 $113,800
2021 $2,708 $114,500 $2,600 $111,900
2020 $2,120 $88,700 $2,600 $86,100
2019 $2,111 $86,700 $2,600 $84,100
2018 $1,876 $76,100 $2,600 $73,500
2017 $1,546 $69,900 $2,600 $67,300
2016 $1,405 $64,700 $2,600 $62,100
2014 $1,191 $55,100 $2,600 $52,500
2013 $1,146 $55,100 $2,600 $52,500
Source: Public Records

Agents Affiliated with this Home

  • David Orton

    Seller's Agent in 2024

    David Orton

    Ellsbury Commerical Group

    (317) 412-1572

    1 in this area

    10 Total Sales

    David Orton
    Section Image

  • L

    Buyer's Agent in 2024

    Lisanne Allen

    Carpenter, REALTORS®

    Section Image

  • L

    Seller's Agent in 2021

    Leslie Grady

    Dropped Members

    Section Image

  • C

    Buyer's Agent in 2021

    Chad Thompson

    Thompson Home Sales

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21994479

MIBOR Broker Listing Cooperative®

APN: 49-06-24-119-062.000-101

Indiana Marion County Indianapolis 46205 Mapleton-Fall Creek

545 E 38th St, Indianapolis, IN

This home is located at 545 E 38th St, Indianapolis, IN 46205 since 05 August 2024 and is currently estimated at $155,991, approximately $86 per square foot. This property was built in 1920. 545 E 38th St is a home located in Marion County with nearby schools including James Whitcomb Riley School 43, Robert Lee Frost School 106, and Charles Warren Fairbanks School 105.

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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