NOT LISTED FOR SALE

601 N Sherman Dr Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $176,000 - $207,000

5 Beds
-- Bath
2,504 Sq Ft
$77/Sq Ft Est. Value

Last Sold December 30, 2019

Last sale price $48,000 $19 Per Sq Ft

Est. 302% increase in value since last sale

Current estimated payment $1,390/month

206 Days on Market

About This Home

As of December 2019

Tuxedo Park duplex with 3 bedrooms and 1 bath per side. Unique front/back duplex offers each unit more privacy that the standard side by side style. Both sides are currently vacant and have been cleaned out but will need new paint and flooring to attract great tenants. Both sides have central air conditioning. Market rent is $750 per side so an exciting opportunity to get some great cashflow.

Last Agent to Sell the Property

Charlene Gaard

No Limit Real Estate, LLC License #RB14033327 Listed on: 05/18/2019

Last Buyer's Agent

Drew Tomasik

@properties

@properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 5,663

Home Design

  • Traditional Architecture
  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 5,663 Sq Ft Lot

Community Details

  • Lowes E Mich St Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for insurance taxes no utilities
  • Assessor Parcel Number 491004130007000101

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1930
  • Lot Size Acres: 0.13
  • Structure Type: Duplex
  • Subdivision Name: LOWES E MICH ST
  • Inspection Warranties: Other
  • Property Description: Tuxedo Park duplex with 3 bedrooms and 1 bath per side. Unique front/back duplex offers each unit more privacy that the standard side by side style. Both sides are currently vacant and have been cleaned out but will need new paint and flooring to attract great tenants. Both sides have central air conditioning. Market rent is $750 per side so an exciting opportunity to get some great cashflow.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Insurance,Taxes,No Utilities
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • List Price: 56000

Garage/Parking

  • Unit Parking: Unpaved

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Parcel Number: 491004130007000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Access Street,Busline,Sidewalks
  • Lot Number: 6
  • Lot Size: 40 X 140

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1518
  • Semi Annual Property Tax Amt: 759
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2020
Sold by
Snively Adam R
Bought by
Schuitema Mark W
Total Days on Market
206
Current Estimated Value
$192,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,625
Outstanding Balance
$72,442
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$120,554

Purchase Details

Listed on
May 18, 2019
Closed on
Dec 18, 2019
Sold by
Le Hoan
Bought by
Snively Adam R and Schuitema Mark W
Seller's Agent
Charlene Gaard
No Limit Real Estate, LLC
Buyer's Agent
Drew Tomasik
@properties
List Price
$56,000
Sold Price
$48,000
Premium/Discount to List
-$8,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.03%

Purchase Details

Closed on
Sep 12, 2014
Sold by
Indy Contracting Services Inc
Bought by
Le Hoan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,550
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2007
Sold by
American General Financial Services Inc
Bought by
Indy Contracting Services Inc

Purchase Details

Closed on
Jan 5, 2007
Sold by
Project Boys To Men Inc
Bought by
American General Financial Services Inc
Source: Public Records

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Range of Values:

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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
Schuitema Mark W -- Enterprise Title
Snively Adam R $48,000 Meridian Title Corporation
Le Hoan -- Mtc
Indy Contracting Services Inc -- None Available
American General Financial Services Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schuitema Mark W $80,625
Previous Owner Le Hoan $46,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2019 12/30/19 Sold $48,000 -14.3% $19 / Sq Ft
12/11/2019 12/11/19 Pending -- -- --
12/03/2019 12/03/19 Price Changed $56,000 0.0% $22 / Sq Ft
12/03/2019 12/03/19 For Sale $56,000 -10.4% $22 / Sq Ft
11/10/2019 11/10/19 Pending -- -- --
10/11/2019 10/11/19 Price Changed $62,500 -10.1% $25 / Sq Ft
09/04/2019 09/04/19 Price Changed $69,500 -0.7% $28 / Sq Ft
08/05/2019 08/05/19 For Sale $70,000 0.0% $28 / Sq Ft
05/27/2019 05/27/19 Pending -- -- --
05/18/2019 05/18/19 For Sale $70,000 -- $28 / 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 $4,384 $187,200 $7,000 $180,200
2023 $4,384 $179,000 $7,000 $172,000
2022 $4,191 $170,400 $7,000 $163,400
2021 $1,802 $72,700 $7,000 $65,700
2020 $1,745 $70,100 $2,800 $67,300
2019 $1,670 $65,300 $2,800 $62,500
2018 $1,644 $63,700 $2,800 $60,900
2017 $1,358 $58,100 $2,800 $55,300
2016 $1,329 $58,100 $2,800 $55,300
2014 $785 $36,300 $2,800 $33,500
2013 $890 $42,800 $2,800 $40,000
Source: Public Records

Agents Affiliated with this Home

  • Charlene Gaard

    Seller's Agent in 2019

    Charlene Gaard

    No Limit Real Estate, LLC

    (317) 440-2149

    49 in this area

    294 Total Sales

    Charlene Gaard
    Section Image
  • Drew Tomasik

    Buyer's Agent in 2019

    Drew Tomasik

    @properties

    (317) 201-2073

    1 in this area

    101 Total Sales

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21641607

MIBOR Broker Listing Cooperative®

APN: 49-10-04-130-007.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

601 N Sherman Dr, Indianapolis, IN

This home is located at 601 N Sherman Dr, Indianapolis, IN 46201 since 18 May 2019 and is currently estimated at $192,996, approximately $77 per square foot. This property was built in 1930. 601 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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