NOT LISTED FOR SALE

551 N Oakland Ave Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $110,717 - $228,000

4 Beds
2 Baths
807 Sq Ft
$176/Sq Ft Est. Value

Last Sold March 31, 2025

Last sale price $225,000 $279 Per Sq Ft

Est. 37% decrease in value since last sale

Current estimated payment $926/month

40 Days on Market

About This Home

As of March 2025

Whether you are an investor or homeowner looking for passive income - this one's for you! 2 bed/1 bath per side. Both units have been completely renovated with new Luxury Vinyl Plank flooring, new cabinets and countertops, new appliances, new fixtures, new back deck, fresh paint throughout and a refreshed exterior. Off street parking and a full basement are a few more features that set this property apart. Located close to downtown in the Near Eastside neighborhood minutes from Bottleworks, Kan Kan, The Monon, Brookside Park and so much more.

Last Agent to Sell the Property

Joshua Lawrence

@properties Brokerage Email: josh@atpropertiesind.com License #RB16001027 Listed on: 02/05/2025

@properties

Last Buyer's Agent

Saman Sardari

Royalty Realty, LLC License #475179862

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,544

Year Built

  • Built in 1924

Lot Details

  • 5,750

Home Design

  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • 1-Story Property
  • 5,750 Sq Ft Lot
  • Basement

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 491005155041000101
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,544

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1924
  • Lot Size Acres: 0.13
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 112500
  • MBR_AttributionContact: josh@atpropertiesind.com
  • Attribution Contact: josh@atpropertiesind.com
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Levels: One
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 239000
  • Road Access: County Rd

Utilities

  • Solid Waste: No

Fee Information

  • Expenses: 4000

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 5750
  • Parcel Number: 491005155041000101
  • Acres: <1/4 Acre
  • Price Acre: 1730769

Green Features

  • Green Certification Y N: No

Multi Family

  • Gross Income: 24000
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1544
  • Tax Lot: 17
  • Semi Annual Property Tax Amt: 772

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Aug 21, 2024
Sold by
Tlh Td Properties Llc
Bought by
Elevate Realty Group Llc
Seller's Agent
Jennifer Wilmoth
Wilmoth Group
Buyer's Agent
Joshua Lawrence
@properties
List Price
$100,000
Sold Price
$120,000
Premium/Discount to List
$20,000
20%
Views
40
Current Estimated Value
$141,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,929
Avg. Annual Appreciation
20.50%
Original Mortgage
$114,480
Outstanding Balance
$29,350
Interest Rate
6.78%
Mortgage Type
Construction
Estimated Equity
$112,579

Purchase Details

Closed on
Jan 10, 2024
Sold by
Dalessandro Ricardo Giuseppe
Bought by
Tlh Td Properties Llc

Purchase Details

Closed on
Feb 7, 2019
Sold by
Wow Investments Llc
Bought by
Dalessandro Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 16, 2014
Closed on
Mar 6, 2015
Sold by
Finley Herman and Finley Karen
Bought by
Wow Investments Llc
Seller's Agent
Ed Neu
Neu Real Estate Group
Buyer's Agent
Ed Neu
Neu Real Estate Group
List Price
$59,000
Sold Price
$55,000
Premium/Discount to List
-$4,000
-6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.44%
Original Mortgage
$41,250
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 16, 2014
Closed on
Jan 12, 2015
Sold by
Rjj Indy Props Llc
Bought by
Finley Herman and Finley Karen
Seller's Agent
Ed Neu
Neu Real Estate Group
Buyer's Agent
Ed Neu
Neu Real Estate Group
List Price
$59,000
Sold Price
$55,000
Premium/Discount to List
-$4,000
-6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,250
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2013
Sold by
Spiro Peter
Bought by
Spiro Peter

Purchase Details

Closed on
Jan 22, 2013
Sold by
Solaris Property Group Llc
Bought by
Spiro Peter

Purchase Details

Closed on
Jan 15, 2013
Bought by
Spiro Peter

Purchase Details

Closed on
Nov 19, 2012
Sold by
Shafer Eric
Bought by
Burton Linda

Purchase Details

Closed on
Sep 5, 2006
Sold by
Wells Fargo Bank Na
Bought by
Shafer Eric

Purchase Details

Closed on
Mar 27, 2006
Sold by
Mcgee John and Mcgee Kimberly
Bought by
Wells Fargo Bank Na
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
Elevate Realty Group Llc $120,000 None Listed On Document
Tlh Td Properties Llc -- None Listed On Document
Dalessandro Ricardo $69,000 Eagle Land Title
Wow Investments Llc -- None Available
Finley Herman -- None Available
Spiro Peter -- --
Spiro Peter -- --
Spiro Peter $64,100 --
Burton Linda $5,000 --
Shafer Eric -- Ivestors Titlecorp
Wells Fargo Bank Na $35,355 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elevate Realty Group Llc $114,480
Previous Owner Dalessandro Ricardo $51,750
Previous Owner Finley Herman $41,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 Sold $225,000 -5.9% $279 / Sq Ft
03/17/2025 03/17/25 Pending -- -- --
03/13/2025 03/13/25 For Sale $239,000 0.0% $296 / Sq Ft
02/10/2025 02/10/25 Pending -- -- --
02/05/2025 02/05/25 For Sale $239,000 0.0% $296 / Sq Ft
11/16/2024 11/16/24 Off Market $1,050 -- --
10/27/2024 10/27/24 For Rent $1,050 0.0% --
08/22/2024 08/22/24 Sold $120,000 +20.0% $149 / Sq Ft
08/13/2024 08/13/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $100,000 0.0% $124 / Sq Ft
12/23/2019 12/23/19 Rented $495 0.0% --
12/05/2019 12/05/19 Under Contract -- -- --
11/19/2019 11/19/19 Price Changed $495 -9.2% $0 / Sq Ft
10/30/2019 10/30/19 Price Changed $545 -8.4% $0 / Sq Ft
10/10/2019 10/10/19 Price Changed $595 -7.8% $0 / Sq Ft
09/16/2019 09/16/19 For Rent $645 0.0% --
01/12/2015 01/12/15 Sold $55,000 -6.8% $68 / Sq Ft
11/21/2014 11/21/14 Pending -- -- --
09/16/2014 09/16/14 For Sale $59,000 -- $73 / 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 $1,683 $139,800 $6,800 $133,000
2023 $1,683 $65,100 $6,800 $58,300
2022 $1,621 $62,900 $6,800 $56,100
2021 $1,398 $54,800 $6,800 $48,000
2020 $1,451 $57,000 $2,300 $54,700
2019 $1,378 $52,900 $2,300 $50,600
2018 $1,115 $41,500 $2,300 $39,200
2017 $984 $40,500 $2,300 $38,200
2016 $772 $31,300 $2,300 $29,000
2014 $67 $2,300 $2,300 $0
2013 $1,039 $2,300 $2,300 $0
Source: Public Records

Agents Affiliated with this Home

  • Joshua Lawrence

    Seller's Agent in 2025

    Joshua Lawrence

    @properties

    (317) 286-6117

    17 in this area

    76 Total Sales

    Joshua Lawrence
    Section Image
  • Saman Sardari

    Buyer's Agent in 2025

    Saman Sardari

    Royalty Realty, LLC

    (312) 608-0234

    5 in this area

    15 Total Sales

    Saman Sardari
    Section Image
  • Jennifer Wilmoth

    Seller's Agent in 2024

    Jennifer Wilmoth

    Wilmoth Group

    (239) 233-4586

    8 in this area

    140 Total Sales

    Jennifer Wilmoth
    Section Image
  • Maxwell Richter

    Seller's Agent in 2019

    Maxwell Richter

    Wilmoth Group

    (317) 842-3400

    46 in this area

    260 Total Sales

    Maxwell Richter
    Section Image

  • J

    Buyer's Agent in 2019

    Joel Wilmoth

    Wilmoth Group

    (317) 622-5023

    5 Total Sales

    Joel Wilmoth
    Section Image

  • E

    Seller's Agent in 2015

    Ed Neu

    Neu Real Estate Group

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22021092

MIBOR Broker Listing Cooperative®

APN: 49-10-05-155-041.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

551 N Oakland Ave, Indianapolis, IN

This home is located at 551 N Oakland Ave, Indianapolis, IN 46201 since 05 February 2025 and is currently estimated at $141,929, approximately $175 per square foot. This property was built in 1924. 551 N Oakland Ave is a home located in Marion County with nearby schools including Thomas D. Gregg School No. 15, 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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