$39,000
SOLD OCT 26, 2018
-- Bed
-- Bath
790 Sq Ft
7,013 Sq Ft Lot

Recently Sold

$49 Per Sq Ft

7% Below List Price

2 Days on Market

About This Home

As of July 2021

Property addresses are 607 and 609 N Sherman. Great duplex for an investment property. Both properties are 1 Bed 1 bath with basements. Basements are in good condition and great for storage. Roof appears to be in good shape. Both properties have had some recent updates. 607 has more updates and new flooring but both units are in good condition. 609 currently has renter at $400 per month. Should be able to rent 607 for more. Great cashflow. There is a two car garage with newer doors but needs some work overall.

Last Agent to Sell the Property

Sheri Coldren

Highgarden Real Estate License #RB14040330 Listed on: 09/20/2018

Highgarden Real Estate

Co-Listed By

Gary Weiderhaft

Highgarden Real Estate License #RB14040300

Last Buyer's Agent

Shelley Hansell

Keller Williams Indy Metro NE License #RB14046698

Keller Williams Indy Metro NE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Home Design

  • Block Foundation
  • Vinyl Siding

Additional Features

  • 1-Story Property
  • 7,013 Sq Ft Lot
  • Basement

Community Details

  • Lowes E Mich St Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance, water
  • The owner pays for notapplic
  • Assessor Parcel Number 491004130018000101

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1930
  • Co List Office Phone: 317-564-7100
  • Lot Size Acres: 0.161
  • Structure Type: Duplex
  • Subdivision Name: LOWES E MICH ST
  • Inspection Warranties: Not Applicable
  • Property Description: Property addresses are 607 and 609 N Sherman. Great duplex for an investment property. Both properties are 1 Bed 1 bath with basements. Basements are in good condition and great for storage. Roof appears to be in good shape. Both properties have had some recent updates. 607 has more updates and new flooring but both units are in good condition. 609 currently has renter at $400 per month. Should be able to rent 607 for more. Great cashflow. There is a two car garage with newer doors but needs some work overall.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Lifestyles: Double/Duplex
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: One
  • Owner Pays: NotApplic
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 42000

Garage/Parking

  • Unit Parking: 2 Car Garage

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 491004130018000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley
  • Lot Number: 4
  • Lot Size: 7,013

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance, Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1344
  • Semi Annual Property Tax Amt: 672
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Jul 2, 2021
Sold by
Maverick1 Llc
Bought by
Wada Dalji
Seller's Agent
Evona Watson
Triple E Realty, LLC
Buyer's Agent
Evona Watson
Triple E Realty, LLC
Sold Price
$650
Current Estimated Value
$117,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,661
Avg. Annual Appreciation
10.62%
Original Mortgage
$60,000
Outstanding Balance
$55,027
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$65,850

Purchase Details

Listed on
Aug 19, 2019
Closed on
Aug 29, 2019
Sold by
Ensor Elizabeth Wiggins
Bought by
Maverick1 Llc
Seller's Agent
Evona Watson
Triple E Realty, LLC
Buyer's Agent
Evona Watson
Triple E Realty, LLC
Sold Price
$550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.88%

Purchase Details

Listed on
Jan 28, 2019
Closed on
Feb 7, 2019
Sold by
Karnak Real Estate Llc
Bought by
Ensor Elizabeth Wiggins
Seller's Agent
Edwin Watson
Triple E Realty, LLC
Buyer's Agent
Edwin Watson
Triple E Realty, LLC
List Price
$55,000
Sold Price
$53,000
Premium/Discount to List
-$2,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.93%

Purchase Details

Listed on
Nov 8, 2018
Closed on
Oct 26, 2018
Sold by
John Means
Bought by
Bortmes Member Davida
Seller's Agent
Evona Watson
Triple E Realty, LLC
Buyer's Agent
Evona Watson
Triple E Realty, LLC
Sold Price
$525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
199.06%

Purchase Details

Closed on
Dec 28, 2017
Sold by
Donlan John Thomas
Bought by
Means John Raymond

Purchase Details

Closed on
Sep 29, 2017
Sold by
Linda Linda V and Linda Creech, Poa#A201700111223
Bought by
Donlan John
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 Type Sale Price Title Company
Warranty Deed $80,000 None Available
Warranty Deed $65,000 Meridian Title Corporation
Warranty Deed $53,000 Meridian Title Corporation
Deed $39,000 --
Warranty Deed $39,000 Meridian Title Corporation
Deed $23,000 --
Deed $23,000 --
Quit Claim Deed $23,000 --
Deed $8,000 --
Deed $8,000 Meridian Title Corporation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $60,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2022 09/15/22 Rented $700 0.0% --
08/05/2022 08/05/22 Under Contract -- -- --
06/17/2022 06/17/22 For Rent $700 +7.7% --
08/02/2021 08/02/21 Rented -- -- --
07/26/2021 07/26/21 Under Contract -- -- --
07/16/2021 07/16/21 For Rent $650 0.0% --
07/02/2021 07/02/21 Sold $80,000 -11.1% $101 / Sq Ft
04/20/2021 04/20/21 Pending -- -- --
04/20/2021 04/20/21 Price Changed $90,000 +12.5% $114 / Sq Ft
12/21/2020 12/21/20 Off Market $80,000 -- --
12/21/2020 12/21/20 For Sale $80,000 0.0% $101 / Sq Ft
11/23/2020 11/23/20 Pending -- -- --
11/23/2020 11/23/20 For Sale $80,000 0.0% $101 / Sq Ft
10/03/2019 10/03/19 Rented $550 -99.2% --
09/25/2019 09/25/19 Under Contract -- -- --
08/27/2019 08/27/19 Sold $65,000 0.0% $82 / Sq Ft
08/19/2019 08/19/19 For Rent $550 0.0% --
08/01/2019 08/01/19 Pending -- -- --
07/31/2019 07/31/19 For Sale $78,000 +47.2% $99 / Sq Ft
02/07/2019 02/07/19 Sold $53,000 -3.6% $67 / Sq Ft
01/28/2019 01/28/19 Pending -- -- --
01/28/2019 01/28/19 For Sale $55,000 0.0% $70 / Sq Ft
12/07/2018 12/07/18 Rented $525 0.0% --
12/04/2018 12/04/18 Under Contract -- -- --
11/08/2018 11/08/18 For Rent $525 0.0% --
10/26/2018 10/26/18 Sold $39,000 -7.1% $49 / Sq Ft
09/23/2018 09/23/18 Pending -- -- --
09/20/2018 09/20/18 For Sale $42,000 -- $53 / 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 $2,397 $101,300 $7,900 $93,400
2023 $2,397 $96,000 $7,900 $88,100
2022 $2,281 $91,600 $7,900 $83,700
2021 $1,835 $74,500 $7,900 $66,600
2020 $1,770 $71,500 $3,200 $68,300
2019 $1,687 $66,700 $3,200 $63,500
2018 $1,659 $65,000 $3,200 $61,800
2017 $1,374 $59,600 $3,200 $56,400
2016 $1,343 $59,500 $3,200 $56,300
2014 $1,113 $51,500 $3,200 $48,300
2013 $1,448 $61,000 $3,200 $57,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21596638

MIBOR Broker Listing Cooperative®

APN: 49-10-04-130-018.000-101