$299,000
SOLD AUG 14, 2019
-- Bed
-- Bath
-- Sq Ft
0.28 Acres

Recently Sold

3% Above List Price

5 Days on Market

About This Home

As of August 2019

Rare opportunity to acquire the premier package of rental duplexes in Indianapolis. The 8 properties can be purchased individually or as a package. Located in Broad Ripple, which has consistently been one of the top 3 desired locations for young professionals moving to Indianapolis. Close to the prime amenities in Broad Ripple, the units have strong rental history and low vacancy rates. Proximity to the IndyGo Red Line strengthens the desire for renters. Phase 1 travels on College Ave just steps from the properties. Property is currently leased. Preliminary title, pre-inspection & sample lease agreement are available in the supplements. 3D photo link of each unit included in listing. Sq. ft. based on best interpretation of tax assessment.

Last Agent to Sell the Property

Samuel Hawkins

F.C. Tucker Company License #RB14023999 Listed on: 06/21/2019

F.C. Tucker Company

Last Buyer's Agent

Jason Sciortino

F.C. Tucker Company

F.C. Tucker Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,430

Year Built

  • Built in 1939

Lot Details

  • 0.28 Acre Lot

Parking

  • 1 Car Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Basement
  • Crawl Space

Community Details

  • Warfleigh Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance, lawncare, sewer, all utilities, water
  • The owner pays for inshazard, insurance, taxes, trash collection, no utilities
  • Assessor Parcel Number 490335109198000801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,430

Year Built

Built in 1939

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1939
  • Lot Size Acres: 0.2755
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Duplex
  • Subdivision Name: WARFLEIGH
  • Inspection Warranties: General,Not Applicable
  • Property Description: Rare opportunity to acquire the premier package of rental duplexes in Indianapolis. The 8 properties can be purchased individually or as a package. Located in Broad Ripple, which has consistently been one of the top 3 desired locations for young professionals moving to Indianapolis. Close to the prime amenities in Broad Ripple, the units have strong rental history and low vacancy rates. Proximity to the IndyGo Red Line strengthens the desire for renters. Phase 1 travels on College Ave just steps from the properties. Property is currently leased. Preliminary title, pre-inspection & sample lease agreement are available in the supplements. 3D photo link of each unit included in listing. Sq. ft. based on best interpretation of tax assessment.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: InsHazard, Insurance, Insurance, Taxes, Trash Collection, No Utilities
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 2516
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • Disclosures: Not Applicable
  • Foundation Details: Block, Crawl Space
  • List Price: 289000
  • Road Access: CityStreet

Garage/Parking

  • Garage Spaces: 1
  • Unit Parking: 2 Car Garage,On Street

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 490335109198000801
  • Acres: 1/4-1/2 Acre
  • Lot Information: Sidewalks,Tree Mature
  • Lot Number: 420
  • Lot Size: 12001

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Lawncare, Sewer, All Utilities, Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5430
  • Semi Annual Property Tax Amt: 2715
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2019
Closed on
Jul 24, 2019
Sold by
Penny A Weed Llc
Bought by
6225 Washington Llc
Seller's Agent
Samuel Hawkins
F.C. Tucker Company
Buyer's Agent
Jason Sciortino
F.C. Tucker Company
List Price
$289,000
Sold Price
$299,000
Premium/Discount to List
$10,000
3.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.15%
Original Mortgage
$397,800
Interest Rate
3.7%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 1, 2012
Sold by
Babbs Enterprises Llc
Bought by
Penny A Weed Llc
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 $255,000 Title Services, Llc
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $392,000 Credit Line Revolving
Closed $397,800 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 For Sale $625,000 0.0% --
03/31/2025 03/31/25 Off Market $625,000 -- --
12/16/2024 12/16/24 Off Market $2,350 -- --
11/12/2024 11/12/24 For Rent $2,350 0.0% --
08/13/2024 08/13/24 For Sale $625,000 +109.0% --
08/14/2019 08/14/19 Sold $299,000 +3.5% --
06/27/2019 06/27/19 Pending -- -- --
06/21/2019 06/21/19 For Sale $289,000 -- --
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 $6,147 $286,600 $57,800 $228,800
2023 $6,147 $253,300 $57,800 $195,500
2022 $19,208 $253,300 $57,800 $195,500
2021 $6,132 $260,000 $41,000 $219,000
2020 $6,041 $255,200 $41,000 $214,200
2019 $5,769 $238,900 $41,000 $197,900
2018 $5,429 $222,600 $41,000 $181,600
2017 $4,632 $212,300 $41,000 $171,300
2016 $4,368 $204,400 $41,000 $163,400
2014 $3,970 $183,600 $41,000 $142,600
2013 $3,728 $169,400 $41,000 $128,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21645030

MIBOR Broker Listing Cooperative®

APN: 49-03-35-109-198.000-801