NOT LISTED FOR SALE

607 E 39th St Indianapolis, IN 46205

Meridian Kessler Neighborhood

Estimated Value: $354,000 - $398,000

2 Beds
1 Bath
2,576 Sq Ft
$146/Sq Ft Est. Value

Last Sold July 13, 2018

Last sale price $246,000 $95 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,405/month

12 Days on Market

About This Home

As of July 2018

Great opportunity in Meridian-Kessler to own this large completely updated duplex located on a corner lot!! Live in one side with rental income to cover a large chunk of your mortgage or own a great investment property in a rapidly appreciating area of Indy! Completely updated in 2015!! Including kitchens/bathrooms, newer appliances, HVAC, roof, electrical, plumbing & fresh paint. Abundant natural light, beautiful hardwood floors, built-in bookshelves, woodburning fireplaces in each unit, full unfinished basement with laundry hookup, covered front porches and large second floor balcony off of master suite, off-street parking and more! This Duplex will be just a few blocks from the new Red Line transit system and offers lots of opportunity!!

Last Agent to Sell the Property

Andy Tresize

Compass Indiana, LLC License #RB14042164 Listed on: 05/24/2018

Compass Indiana, LLC

Last Buyer's Agent

Glenn Lewzader

Carpenter, REALTORS®

Carpenter, REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,474

Year Built

  • Built in 1922

Lot Details

  • 8,712

Home Design

  • Traditional Architecture

Additional Features

  • 2-Story Property
  • 8,712 Sq Ft Lot

Community Details

  • Ardmore Subdivision

Listing and Financial Details

  • Tenant pays for notapplic
  • The owner pays for notapplic
  • Assessor Parcel Number 490613125090000801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,474

Year Built

Built in 1922

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TradAmer
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1922
  • Lot Size Acres: 0.2
  • Subdivision Name: ARDMORE
  • Inspection Warranties: Not Applicable
  • Property Description: Great opportunity in Meridian-Kessler to own this large completely updated duplex located on a corner lot!! Live in one side with rental income to cover a large chunk of your mortgage or own a great investment property in a rapidly appreciating area of Indy! Completely updated in 2015!! Including kitchens/bathrooms, newer appliances, HVAC, roof, electrical, plumbing & fresh paint. Abundant natural light, beautiful hardwood floors, built-in bookshelves, woodburning fireplaces in each unit, full unfinished basement with laundry hookup, covered front porches and large second floor balcony off of master suite, off-street parking and more! This Duplex will be just a few blocks from the new Red Line transit system and offers lots of opportunity!!
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: NotApplic
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: ConnAll

Exterior Features

  • Construction Materials: Wood

Garage/Parking

  • Unit Parking: Paved Area

Utilities

  • Solid Waste: 1

Lot Info

  • Parcel Number: 490613125090000801
  • Acres: <1/4 Acre
  • Lot Information: Access Street
  • Lot Number: 104
  • Lot Size: 46x96

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: NotApplic

Tax Info

  • Tax Annual Amount: 2474
  • Semi Annual Property Tax Amt: 1237
  • Tax Exemption: HomesteadTaxExemption,OtherTaxExemption/See Remarks

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2018
Closed on
Jul 13, 2018
Sold by
Paul Cook
Bought by
Duffy Kathryn M
Seller's Agent
Andy Tresize
Compass Indiana, LLC
Buyer's Agent
Glenn Lewzader
Carpenter, REALTORS®
List Price
$260,000
Sold Price
$246,000
Premium/Discount to List
-$14,000
-5.38%
Current Estimated Value
$376,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,000
Avg. Annual Appreciation
5.68%
Original Mortgage
$241,544
Outstanding Balance
$207,896
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$168,104

Purchase Details

Closed on
Sep 25, 2015
Sold by
Ebj Real Estate Holdings Llc
Bought by
Cook Paul

Purchase Details

Closed on
Feb 25, 2015
Sold by
Jensen Tile Llc
Bought by
Ebj Real Estate Holdings Llc

Purchase Details

Listed on
Jun 18, 2014
Closed on
Aug 8, 2014
Sold by
Home Opportunity Llc
Bought by
Jensen Title Llc
Seller's Agent
Chris Price
Keller Williams Indy Metro W
Buyer's Agent
Leyton Wellbaum
Highgarden Real Estate
List Price
$34,900
Sold Price
$39,600
Premium/Discount to List
$4,700
13.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.37%

Purchase Details

Closed on
Jun 12, 2012
Sold by
Home Solutions Partners Iv Reo Llc
Bought by
Transportation Alliance Bank Inc

Purchase Details

Closed on
May 27, 2010
Sold by
Mdj Llc
Bought by
Home Solutions Partners Iv Reo Llc

Purchase Details

Closed on
Jan 26, 2009
Sold by
Mdj
Bought by
Markey Tiffany and Markey John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 15, 2009
Sold by
Deutsche Bank Trust Company Americas
Bought by
Mdj Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 31, 2008
Sold by
Sinha Pritam
Bought by
Deutsche Bank Trust Company Americas

Purchase Details

Closed on
Apr 4, 2005
Sold by
Mcgee Jr John A and Mcgee Kimberly M
Bought by
Pritam Sinha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,700
Interest Rate
5.71%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Duffy Kathryn M $246,000 --
Duffy Matthew J $246,000 Monument Title Insurance Compa
Cook Paul -- None Available
Ebj Real Estate Holdings Llc -- None Available
Jensen Title Llc $38,000 Landquest Title Group Llc
Jensen Tile Llc -- Landquest Title Group
Transportation Alliance Bank Inc $25,507 None Available
Home Solutions Partners Iv Reo Llc $16,437 None Available
Markey Tiffany $43,500 None Available
Mdj Llc -- None Available
Deutsche Bank Trust Company Americas $80,148 None Available
Pritam Sinha -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duffy Matthew J $241,544
Previous Owner Markey Tiffany $42,000
Previous Owner Pritam Sinha $83,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/13/2018 07/13/18 Sold $246,000 -3.5% $95 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
05/30/2018 05/30/18 Price Changed $254,900 -2.0% $99 / Sq Ft
05/24/2018 05/24/18 For Sale $260,000 +556.6% $101 / Sq Ft
08/07/2014 08/07/14 Sold $39,600 +13.5% $31 / Sq Ft View Prior Sale
07/21/2014 07/21/14 Pending -- -- --
06/18/2014 06/18/14 For Sale $34,900 -- $27 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 $5,381 $351,300 $40,700 $310,600
2024 $5,049 $317,500 $40,700 $276,800
2023 $5,049 $293,300 $40,700 $252,600
2022 $5,435 $289,100 $40,700 $248,400
2021 $4,810 $285,200 $30,600 $254,600
2020 $4,594 $270,200 $30,600 $239,600
2019 $4,612 $266,600 $30,600 $236,000
2018 $3,348 $198,200 $30,600 $167,600
2017 $3,056 $202,600 $30,600 $172,000
2016 $2,565 $181,600 $30,600 $151,000
2014 $5,403 $249,900 $30,600 $219,300
2013 $2,076 $238,400 $30,600 $207,800
Source: Public Records

Agents Affiliated with this Home

  • Andy Tresize

    Seller's Agent in 2018

    Andy Tresize

    Compass Indiana, LLC

    (317) 701-4289

    4 in this area

    107 Total Sales

    Andy Tresize
    Section Image

  • G

    Buyer's Agent in 2018

    Glenn Lewzader

    Carpenter, REALTORS®

    Section Image

  • C

    Seller's Agent in 2014

    Chris Price

    Keller Williams Indy Metro W

    Section Image

  • L

    Buyer's Agent in 2014

    Leyton Wellbaum

    Highgarden Real Estate

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21568262

MIBOR Broker Listing Cooperative®

APN: 49-06-13-125-090.000-801

Indiana Marion County Indianapolis 46205 Meridian Kessler

607 E 39th St, Indianapolis, IN

Not Listed for Sale

MultiFamily

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Based on information submitted to the MLS GRID

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