$55,000
SOLD JAN 12, 2015

551 N Oakland Ave Indianapolis, IN 46201

Near Eastside Neighborhood
-- Bed
-- Bath
807 Sq Ft
5,750 Sq Ft Lot

Recently Sold

$68 Per Sq Ft

7% Below List Price

65 Days on Market

About This Home

As of March 2025

This home is located at 551 N Oakland Ave, Indianapolis, IN 46201 and is currently priced at $55,000, approximately $68 per square foot. This property was built in 1920. 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.

Last Agent to Sell the Property

Ed Neu

Neu Real Estate Group Listed on: 09/16/2014

Last Buyer's Agent

Ed Neu

Neu Real Estate Group Listed on: 09/16/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $46

Year Built

  • Built in 1920

Lot Details

  • 5,750 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Community Details

  • Langes E Michigan St Subdivision
  • No Laundry Facilities

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for no utilities
  • Tax Lot 16
  • Assessor Parcel Number 491005155041000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$46

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2013
  • Year Built: 1920
  • Lot Size Acres: 0.132
  • Structure Type: Duplex
  • Subdivision Name: Langes E Michigan St
  • Inspection Warranties: Lead Base Paint
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: ed@neurealestategroup.com
  • Special Features: None

Interior Features

  • Owner Pays: No Utilities
  • SqFt Total: 0

Exterior Features

  • Construction Materials: Brick, Wood
  • Disclosures: Not Applicable
  • List Price: 59000

Garage/Parking

  • Unit Parking: 1 Car Garage

Utilities

  • Utilities: Cable Available, Gas, Sewer Connected, Water Connected
  • Laundry Features: No Laundry Facil.
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: Sidewalks
  • Additional Parcels: No
  • Lot Size Sq Ft: 5750
  • Parcel Number: 491005155041000101

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 12000
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 46
  • Tax Lot: 16
  • Semi Annual Property Tax Amt: 23
  • Tax Exemption: None

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 Type Sale Price Title Company
Warranty Deed $120,000 None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed $69,000 Eagle Land Title
Quit Claim Deed -- None Available
Warranty Deed -- None Available
Quit Claim Deed -- --
Warranty Deed -- --
Deed $64,100 --
Deed $5,000 --
Special Warranty Deed -- Ivestors Titlecorp
Sheriffs Deed $35,355 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $114,480 Construction
Previous Owner $51,750 New Conventional
Previous Owner $41,250 New Conventional
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

    261 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: 21315662

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 and is currently priced at $55,000, approximately $68 per square foot. This property was built in 1920. 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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