NOT LISTED FOR SALE

57 N Sherman Dr Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $139,000 - $161,000

2 Beds
-- Bath
1,320 Sq Ft
$114/Sq Ft Est. Value

Last Sold July 07, 2017

Last sale price $67,000 $51 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $1,001/month

66 Days on Market

About This Home

As of July 2017

3 bedroom per side duplex. One side is currently rented but the tenant is purchasing a house and will be vacating in next 60 days. Seller did a lot of nice upgrades to both sides. Great opportunity to make some great money! Market rent is $700 per side.

Last Agent to Sell the Property

Charlene Gaard

No Limit Real Estate, LLC License #RB14033327 Listed on: 04/07/2017

Last Buyer's Agent

Jason Royer

eXp Realty, LLC License #RB14032599

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $580

Year Built

  • Built in 1910

Lot Details

  • 5,358

Home Design

  • Block Foundation

Interior Spaces

  • 2-Story Property

Community Details

  • Long & Harlans Cottage Home Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 491004134044000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$580

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Doub-Duplx, TradAmer
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2016
  • Year Built: 1910
  • Road Surface Type: Asphalt
  • Subdivision Name: LONG & HARLANS COTTAGE HOME ADD
  • Inspection Warranties: Not Applicable
  • Property Description: 3 bedroom per side duplex. One side is currently rented but the tenant is purchasing a house and will be vacating in next 60 days. Seller did a lot of nice upgrades to both sides. Great opportunity to make some great money! Market rent is $700 per side.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Sewer, Water
  • Possible Use: Residential
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: ConnAll

Exterior Features

  • Construction Materials: Wood
  • Disclosures: Not Applicable
  • Exterior Features: Not Applicable
  • Foundation Details: Block
  • List Price: 69900

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Parcel Number: 491004134044000101
  • Acres: <1/4 Acre
  • Lot Information: Busline,Sidewalks,Street Lights
  • Lot Number: 67
  • Lot Size: 00x00

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 580
  • Semi Annual Property Tax Amt: 290
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2019
Sold by
Rutledge David O
Bought by
Entrust Group Inc
Current Estimated Value
$150,000

Purchase Details

Listed on
Apr 7, 2017
Closed on
Jul 5, 2017
Sold by
Cayemitte Sandra
Bought by
Rutledge David O
Seller's Agent
Charlene Gaard
No Limit Real Estate, LLC
Buyer's Agent
Jason Royer
eXp Realty, LLC
List Price
$60,000
Sold Price
$67,000
Premium/Discount to List
$7,000
11.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.33%
Original Mortgage
$49,380
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2008
Sold by
Dlj Mortgage Capital Inc
Bought by
Cayemitte Sandra

Purchase Details

Closed on
Feb 6, 2008
Sold by
Marion Darrin M
Bought by
Dlj Mortgage Capital Inc

Purchase Details

Closed on
Aug 24, 2006
Sold by
Burton James G
Bought by
Marion Darrin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
9.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 8, 2006
Sold by
Novastar Mortgage Inc
Bought by
Burton James G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,760
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 2005
Sold by
Mccune Julie N
Bought by
Novastar Mortgage Inc

Purchase Details

Closed on
Sep 30, 2004
Sold by
English Denis
Bought by
Mccune Julie N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,250
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
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
Entrust Group Inc $91,000 Eagle Land Title
Rutledge David O $67,000 --
Rutledge David O $67,000 Chicago Title Co
Cayemitte Sandra -- None Available
Dlj Mortgage Capital Inc $48,592 None Available
Marion Darrin M -- None Available
Burton James G -- None Available
Novastar Mortgage Inc -- None Available
Mccune Julie N -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rutledge David O $49,380
Previous Owner Marion Darrin M $85,500
Previous Owner Burton James G $29,760
Previous Owner Mccune Julie N $3,250
Previous Owner Mccune Julie N $58,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2017 07/07/17 Sold $67,000 -4.1% $51 / Sq Ft
06/13/2017 06/13/17 Pending -- -- --
05/15/2017 05/15/17 Price Changed $69,900 +16.5% $53 / Sq Ft
04/07/2017 04/07/17 For Sale $60,000 -- $45 / 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 $2,499 $105,100 $6,100 $99,000
2023 $2,499 $99,500 $6,100 $93,400
2022 $2,410 $96,300 $6,100 $90,200
2021 $1,682 $67,100 $6,100 $61,000
2020 $1,701 $67,800 $2,400 $65,400
2019 $1,692 $66,200 $2,400 $63,800
2018 $2,383 $63,400 $2,400 $61,000
2017 $769 $30,400 $2,400 $28,000
2016 $701 $27,900 $2,400 $25,500
2014 $575 $26,600 $2,400 $24,200
2013 $1,883 $70,900 $2,400 $68,500
Source: Public Records

Agents Affiliated with this Home

  • Charlene Gaard

    Seller's Agent in 2017

    Charlene Gaard

    No Limit Real Estate, LLC

    (317) 440-2149

    44 in this area

    277 Total Sales

    Charlene Gaard
    Section Image
  • Jason Royer

    Buyer's Agent in 2017

    Jason Royer

    eXp Realty, LLC

    43 Total Sales

    Jason Royer
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21472811

MIBOR Broker Listing Cooperative®

APN: 49-10-04-134-044.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

57 N Sherman Dr, Indianapolis, IN

This home is located at 57 N Sherman Dr, Indianapolis, IN 46201 since 07 April 2017 and is currently estimated at $150,000, approximately $113 per square foot. This property was built in 1910. 57 N Sherman Dr is a home located in Marion County with nearby schools including Ralph Waldo Emerson School 58, 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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