NOT LISTED FOR SALE

601 E Merrill St Indianapolis, IN 46203

Fletcher Place Neighborhood

Estimated Value: $527,000

1 Bed
-- Bath
-- Sq Ft
4,680 Sq Ft Lot

Last Sold October 02, 2023

Last sale price $550,000

Est. 4% decrease in value since last sale

Current estimated payment $3,281/month

115 Days on Market

About This Home

As of October 2023

Perfectly located 4 unit in the heart of everything downtown has to offer. Continue renting as 4 long-term units or AirBnB this property. Units have updated appliances, paint and flooring throughout. New boiler installed in 2021.

Last Agent to Sell the Property

Chuck Pennington

Victor & Valor Property Group License #RB14050856 Listed on: 03/31/2023

Last Buyer's Agent

Tyler Renick

Tyler Knows Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,918

Year Built

  • Built in 1910

Lot Details

  • 4,680

Parking

  • Alley Access

Home Design

  • Quadruplex
  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Additional Features

  • Washer and Dryer Hookup
  • 4,680 Sq Ft Lot

Community Details

  • Coffmans Subdivision

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 491112218016000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,918

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Fourplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1910
  • Lot Size Acres: 0.1074
  • Structure Type: Quadruplex
  • Subdivision Name: Coffmans
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: chuck@atpropertiesind.com
  • Special Features: None

Interior Features

  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
  • List Price: 575000
  • Road Access: Not Applic

Garage/Parking

  • Parking Features: Alley Access
  • Unit Parking: Parking Lot,1 Car Space

Utilities

  • Laundry Features: Connections All
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 11300

Lot Info

  • Lot Features: Access
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Current Use: Apt<20
  • Lot Size Sq Ft: 4680
  • Parcel Number: 491112218016000101
  • Zoning: Residential Multi-family
  • Acres: <1/4 Acre
  • Price Acre: 5121043

Green Features

  • Green Certification Y N: No

Multi Family

  • Gross Income: 60000
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 7918
  • Tax Lot: 25
  • Semi Annual Property Tax Amt: 3959
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2023
Closed on
Oct 16, 2023
Sold by
Equity Trust Co
Bought by
Sitler Kevin and Mwaura Isabell
Seller's Agent
Chuck Pennington
Victor & Valor Property Group
Buyer's Agent
Tyler Renick
Tyler Knows Real Estate LLC
List Price
$575,000
Sold Price
$550,000
Premium/Discount to List
-$25,000
-4.35%
Views
16
Current Estimated Value
$527,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,000
Avg. Annual Appreciation
1.17%
Original Mortgage
$551,610
Interest Rate
7.12%
Mortgage Type
VA

Purchase Details

Listed on
Apr 6, 2018
Closed on
Apr 26, 2018
Sold by
Meranda Joyce
Seller's Agent
Terry Brown
CENTURY 21 Scheetz
Buyer's Agent
Chuck Pennington
@properties
List Price
$329,900
Sold Price
$325,000
Premium/Discount to List
-$4,900
-1.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.15%

Purchase Details

Listed on
Apr 6, 2018
Closed on
Apr 24, 2018
Sold by
Meranda Donald Scott
Bought by
Meranda Joyce
Seller's Agent
Terry Brown
CENTURY 21 Scheetz
Buyer's Agent
Chuck Pennington
@properties
List Price
$329,900
Sold Price
$325,000
Premium/Discount to List
-$4,900
-1.49%
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
Sitler Kevin $550,000 First American Title
-- $325,000 --
Equity Trust Co $325,000 First American Title
Meranda Joyce -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sitler Kevin $562,383
Closed Sitler Kevin $551,610
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2023 10/02/23 Sold $550,000 -4.3% --
07/25/2023 07/25/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $575,000 0.0% --
03/31/2023 03/31/23 For Sale $575,000 +76.9% --
03/30/2023 03/30/23 Pending -- -- --
04/26/2018 04/26/18 Sold $325,000 -1.5% --
04/08/2018 04/08/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $329,900 +816.4% --
06/05/2014 06/05/14 Sold $36,000 -6.5% $42 / Sq Ft
05/16/2014 05/16/14 Pending -- -- --
05/08/2014 05/08/14 For Sale $38,500 -- $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 $4,753 $265,800 $117,500 $148,300
2023 $4,753 $195,900 $39,200 $156,700
2022 $4,063 $167,700 $39,200 $128,500
2021 $3,627 $152,800 $35,600 $117,200
2020 $3,800 $159,800 $35,600 $124,200
2019 $3,773 $155,700 $35,600 $120,100
2018 $3,058 $124,400 $35,600 $88,800
2017 $2,659 $120,900 $35,600 $85,300
2016 $2,487 $115,400 $35,600 $79,800
2014 $2,482 $114,800 $35,600 $79,200
2013 $2,387 $114,800 $35,600 $79,200
Source: Public Records

Agents Affiliated with this Home

  • Chuck Pennington

    Seller's Agent in 2023

    Chuck Pennington

    Victor & Valor Property Group

    (317) 417-9757

    2 in this area

    139 Total Sales

    Section Image

  • T

    Buyer's Agent in 2023

    Tyler Renick

    Tyler Knows Real Estate LLC

    Section Image
  • Terry Brown

    Seller's Agent in 2018

    Terry Brown

    CENTURY 21 Scheetz

    (317) 332-4161

    133 Total Sales

    Section Image

  • T

    Seller's Agent in 2014

    Tom Studebaker, Jr

  • J

    Buyer's Agent in 2014

    Jason Royer

    Offerpad Brokerage, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21913206

MIBOR Broker Listing Cooperative®

APN: 49-11-12-218-016.000-101

Indiana Marion County Indianapolis 46203 Fletcher Place

601 E Merrill St, Indianapolis, IN

This home is located at 601 E Merrill St, Indianapolis, IN 46203 since 31 March 2023 and is currently estimated at $527,000. This property was built in 1910. 601 E Merrill St is a home located in Marion County with nearby schools including Washington Irving School 14, Arsenal Technical High School, and George Washington Community High School (9-12).

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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