NOT LISTED FOR SALE

5601 E 40th St Indianapolis, IN 46226

Devington Neighborhood

Estimated Value: $127,000 - $137,592

-- Bed
-- Bath
2,050 Sq Ft
$65/Sq Ft Est. Value

Last Sold March 29, 2022

Last sale price $110,000 $54 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $845/month

3 Days on Market

About This Home

As of March 2022

Excellent investment opportunity with lots of potential to finish off to your liking . This currently vacant duplex has a quick trip to downtown Indianapolis or head north to the Castleton area for your shopping needs. Property to be sold as is.

Last Agent to Sell the Property

Marlon Webb

Veridus Real Estate Services Listed on: 03/15/2022

Last Buyer's Agent

Kristal Muñoz

RE/MAX At The Crossing

RE/MAX At The Crossing

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,198

Year Built

  • Built in 1958

Lot Details

  • 8,189

Home Design

  • Gothic Architecture
  • Brick Exterior Construction
  • Slab Foundation

Additional Features

  • 2-Story Property
  • 8,189 Sq Ft Lot

Community Details

  • Puritan Realty Subdivision

Listing and Financial Details

  • The owner pays for electricity, gas, sewer, water
  • Assessor Parcel Number 490715123311000401

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,198

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: Gothic/Greek Revival
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1958
  • Lot Size Acres: 0.188
  • Structure Type: Duplex
  • Subdivision Name: PURITAN REALTY
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 1
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: Two
  • Owner Pays: Electricity, Gas, Sewer, Water
  • Sq Ft Main Upper: 0
  • Laundry: Connections Some

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Foundation Details: Slab
  • List Price: 100000

Garage/Parking

  • Unit Parking: On Street,Unpaved

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 167

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 490715123311000401
  • Acres: <1/4 Acre
  • Lot Information: Corner
  • Lot Number: 233
  • Lot Size: 8,189

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Other

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1198
  • Semi Annual Property Tax Amt: 599
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Lawrence Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2022
Closed on
Mar 29, 2022
Sold by
Marlene Durham-Lamberg
Bought by
Lopez Jose Servando and Garcia Nixa Claudeth
Seller's Agent
Marlon Webb
Veridus Real Estate Services
Buyer's Agent
Kristal Muñoz
RE/MAX At The Crossing
List Price
$100,000
Sold Price
$110,000
Premium/Discount to List
$10,000
10%
Current Estimated Value
$133,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,531
Avg. Annual Appreciation
5.48%

Purchase Details

Closed on
Mar 9, 2015
Sold by
Marlene Durham Lamberg Revocable Living
Bought by
Durham Lamberg Marlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,100
Interest Rate
3.56%
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
Lopez Jose Servando -- Jensen & Associates
Durham Lamberg Marlene -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Durham Lamberg Marlene $50,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2022 03/29/22 Sold $110,000 +10.0% $54 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
03/15/2022 03/15/22 For Sale $100,000 -- $49 / 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 $1,596 $72,000 $8,500 $63,500
2023 $1,596 $62,800 $8,500 $54,300
2022 $1,587 $62,800 $8,500 $54,300
2021 $1,301 $52,000 $8,500 $43,500
2020 $1,234 $49,000 $5,500 $43,500
2019 $1,254 $49,000 $5,500 $43,500
2018 $1,297 $50,500 $5,500 $45,000
2017 $1,156 $50,100 $5,500 $44,600
2016 $1,104 $48,800 $5,500 $43,300
2014 $1,023 $47,300 $5,500 $41,800
2013 $983 $47,300 $5,500 $41,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Marlon Webb

    Veridus Real Estate Services

    Section Image

  • K

    Buyer's Agent in 2022

    Kristal Muñoz

    RE/MAX

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21843179

MIBOR Broker Listing Cooperative®

APN: 49-07-15-123-311.000-401

Indiana Marion County Indianapolis 46226 Devington

5601 E 40th St, Indianapolis, IN

This home is located at 5601 E 40th St, Indianapolis, IN 46226 since 15 March 2022 and is currently estimated at $133,531, approximately $65 per square foot. This property was built in 1958. 5601 E 40th St is a home located in Marion County with nearby schools including Robert Lee Frost School 106, James Whitcomb Riley School 43, and Phalen Leadership Academy 93.

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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