NOT LISTED FOR SALE

616 Eastern Ave Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $230,000 - $249,000

6 Beds
-- Bath
1,468 Sq Ft
$165/Sq Ft Est. Value

Last Sold August 08, 2024

Last sale price $230,000 $157 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,602/month

2 Days on Market

About This Home

As of August 2024

Discover this well-maintained duplex on the east side, featuring solid long-term tenants and a fantastic investment opportunity. This property offers stability and a steady income stream, making it a perfect addition to any investment portfolio. Unit 1: Rented at $998/month Unit 2: Rented at $765/month (under market value, offering potential for rent increase). Tenants pay all utilities, ensuring low operational costs for the owner. Long-Term Tenants! Enjoy the peace of mind that comes with reliable, long-term tenants who care for the property. Nicely Kept Duplex:The property is well-maintained, reflecting the pride of both the owner and tenants. The interiors are clean and in good condition, minimizing the need for immediate repairs or renovations. This duplex is not just a property; it's a smart investment. The tenants pay all utilities, making it a hassle-free investment for the new owner. Potential for Growth:With one unit rented below market value, there is an opportunity to increase the rent and maximize your return on investment. Don't miss out on this fantastic opportunity to own a well-kept duplex with solid, long-term tenants.

Last Agent to Sell the Property

Tasheana Hanza

Hanza Realty, LLC Brokerage Email: tasheana@hanzarealty.com License #RB14045896 Listed on: 06/08/2024

Last Buyer's Agent

Michelle Anderson

Bold Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,732

Year Built

  • Built in 1920

Lot Details

  • 6,098

Home Design

  • Duplex

Additional Features

  • 2-Story Property
  • 6,098 Sq Ft Lot
  • Basement

Community Details

  • Hogate & Kings Rural St Subdivision

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 491005132013000101
  • Seller Concessions Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,732

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1920
  • Lot Size Acres: 0.14
  • Subdivision Name: Hogate & Kings Rural St
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 115000
  • MBR_AttributionContact: tasheana@hanzarealty.com
  • Attribution Contact: tasheana@hanzarealty.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 250000
  • Road Access: Not Applic

Utilities

  • Cooling: Central Electric
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 6098
  • Parcel Number: 491005132013000101
  • Acres: <1/4 Acre
  • Price Acre: 1642857

Green Features

  • Green Certification Y N: No

Multi Family

  • Gross Income: 1763
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3732
  • Tax Lot: 19
  • Semi Annual Property Tax Amt: 1866

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2024
Closed on
Aug 9, 2024
Sold by
Aldrich Briana and Cullen Briana Aldrich
Bought by
Anderson Michelle
Seller's Agent
Tasheana Hanza
Hanza Realty, LLC
Buyer's Agent
Michelle Anderson
Bold Realty LLC
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%
Views
8
Current Estimated Value
$241,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,557
Avg. Annual Appreciation
4.13%
Original Mortgage
$172,500
Outstanding Balance
$170,269
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$71,288

Purchase Details

Listed on
Jun 8, 2024
Closed on
Aug 6, 2024
Sold by
Aldrich Briana and Cullen Briana Aldrich
Bought by
Anderson Michelle
Seller's Agent
Tasheana Hanza
Hanza Realty, LLC
Buyer's Agent
Michelle Anderson
Bold Realty LLC
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Outstanding Balance
$170,269
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$71,288

Purchase Details

Listed on
Jun 8, 2024
Closed on
Jul 18, 2024
Sold by
Aldrich Briana and Cullen Briana Aldrich
Bought by
Anderson Michelle
Seller's Agent
Tasheana Hanza
Hanza Realty, LLC
Buyer's Agent
Michelle Anderson
Bold Realty LLC
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Outstanding Balance
$170,269
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$71,288

Purchase Details

Closed on
Feb 9, 2016
Sold by
Halik Cintya
Bought by
Aldrich Briana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2015
Sold by
Indiana Sfr Fund 2015 Llc
Bought by
Keen Property Group Llc

Purchase Details

Closed on
Nov 16, 2015
Sold by
Keen Property Group Llc
Bought by
Halik Cintya

Purchase Details

Closed on
Nov 13, 2015
Sold by
Ctl Global Holdings Llc
Bought by
Indiana Sfr Fund 2015 Llc

Purchase Details

Listed on
Jul 22, 2013
Closed on
Oct 18, 2013
Seller's Agent
Lana Detro
Ala Carte Realty
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$65,000
Sold Price
$17,500
Premium/Discount to List
-$47,500
-73.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.41%

Purchase Details

Closed on
Nov 24, 2008
Sold by
Tucker Andrew
Bought by
Pinnacle Land Group Llc

Purchase Details

Closed on
Apr 21, 2008
Sold by
Wells Fargo Bank Na
Bought by
Tucker Andrew

Purchase Details

Closed on
Jan 16, 2008
Sold by
Forte Kimberly Y and Wells Fargo Bank
Bought by
Wells Fargo Bank Na
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
Anderson Michelle -- Metropolitan Title
Anderson Michelle -- Metropolitan Title
Anderson Michelle -- Metropolitan Title
Anderson Michelle -- Metropolitan Title
Aldrich Briana -- None Available
Keen Property Group Llc -- Mtc
Halik Cintya -- Mtc
Indiana Sfr Fund 2015 Llc -- Mtc
-- $17,500 --
Pinnacle Land Group Llc -- None Available
Tucker Andrew -- First Title Of Indiana Inc
Wells Fargo Bank Na $15,655 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Michelle $172,500
Closed Anderson Michelle $172,500
Previous Owner Aldrich Briana $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/08/2024 08/08/24 Sold $230,000 -8.0% $157 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
06/08/2024 06/08/24 For Sale $250,000 +1328.6% $170 / Sq Ft
10/18/2013 10/18/13 Sold $17,500 -73.1% $24 / Sq Ft View Prior Sale
10/04/2013 10/04/13 Pending -- -- --
07/22/2013 07/22/13 For Sale $65,000 -- $89 / 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 $4,014 $172,700 $25,400 $147,300
2023 $4,014 $163,400 $25,400 $138,000
2022 $3,869 $158,100 $25,400 $132,700
2021 $3,331 $138,600 $25,400 $113,200
2020 $1,877 $75,400 $2,300 $73,100
2019 $1,779 $69,900 $2,300 $67,600
2018 $1,430 $54,700 $2,300 $52,400
2017 $1,264 $53,700 $2,300 $51,400
2016 $1,329 $58,100 $2,300 $55,800
2014 $724 $33,500 $2,300 $31,200
2013 $696 $33,500 $2,300 $31,200
Source: Public Records

Agents Affiliated with this Home

  • Tasheana Hanza

    Seller's Agent in 2024

    Tasheana Hanza

    Hanza Realty, LLC

    (317) 800-4438

    21 in this area

    128 Total Sales

    Tasheana Hanza
    Section Image

  • M

    Buyer's Agent in 2024

    Michelle Anderson

    Bold Realty LLC

    Section Image

  • L

    Seller's Agent in 2013

    Lana Detro

    Ala Carte Realty

    Section Image

  • W

    Seller Co-Listing Agent in 2013

    William Drzich

    Vital Equity Realty, LLC

  • N

    Buyer's Agent in 2013

    Non-BLC Member

    MIBOR REALTOR® Association

    Non-BLC Member
    Section Image

  • I

    Buyer's Agent in 2013

    IUO Non-BLC Member

    Non-BLC Office

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21984000

MIBOR Broker Listing Cooperative®

APN: 49-10-05-132-013.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

616 Eastern Ave, Indianapolis, IN

This home is located at 616 Eastern Ave, Indianapolis, IN 46201 since 08 June 2024 and is currently estimated at $241,557, approximately $164 per square foot. This property was built in 1920. 616 Eastern Ave is a home located in Marion County with nearby schools including Thomas D. Gregg School No. 15, Washington Irving School 14, and Anna Brochhausen School 88.

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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