NOT LISTED FOR SALE

625 N Drexel Ave Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $152,000 - $174,127

2 Beds
1 Bath
952 Sq Ft
$171/Sq Ft Est. Value

Last Sold February 25, 2022

Last sale price $130,000 $137 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,149/month

Highlights

  • Craftsman Architecture
  • No HOA
  • 1 Car Detached Garage
  • Corner Lot
  • Formal Dining Room
  • Walk-In Closet

About This Home

As of June 2023

Immaculately renovated and maintained 2 bedroom, 1 bath Arts and Craft Bungalow located in Historic Emerson Heights close to Irvington, area parks, eateries and downtown Indy. This home has a 1-car detached garage for private off-street parking for a small car. A covered front porch and rear patio for relaxing or entertaining. Main floor has 952 sqft, The 912 sqft. basement is dry and full sized with workshop area. Unit comes with stove, refrigerator, washer and dyer. Broker-owned. Do not disturb current tenant. Tenant Qualifications: No evictions in last 3 years, credit score of 600, gross income equal to 2.5 times monthly rent. To apply for this property, download the rentredi app and use Shareable Unit Code: GGZ-135.

Last Agent to Rent the Property

LaVese Daniel

Homes By Dre, LLC. License #RB14031689 Listed on: 05/02/2023

Last Renter's Agent

LaVese Daniel

Homes By Dre, LLC. License #RB14031689 Listed on: 05/02/2023

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1921 | Remodeled

Lot Details

  • 3,877 Sq Ft Lot
  • Back Yard Fenced
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Craftsman Architecture
  • Block Foundation
  • Aluminum Siding

Interior Spaces

  • 952 Sq Ft Home
  • 1-Story Property
  • Formal Dining Room
  • Luxury Vinyl Plank Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Laundry in Basement
  • Basement Storage
  • Basement Lookout

Location

  • Property is near a bus stop

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Emerson Heights Subdivision

Listing and Financial Details

  • Security Deposit $1,195
  • Property Available on 5/4/23
  • Tenant pays for all utilities, insurance
  • The owner pays for not applic, ins hazard, insurance, taxes, sewer, trash collection
  • 12-Month Minimum Lease Term
  • $100 Application Fee
  • Tax Lot 49-10-04-140-040.000-101
  • Assessor Parcel Number 491004140040000101

Home Details

Home Type

Single Family

Year Built

Built in 1921 | Remodeled

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2023-05-04
  • Lease Amount: 1225
  • Lease Term: 12 Months
  • Tenant Pays: All Utilities, Insurance
  • Min Lease Req: 12
  • Pet Deposit: 250
  • Security Deposit: 1195
  • Smoking: No
  • Application Fee: 100
  • Pet Deposit Refundable Y N: No
  • Pet Rental Amount: 50
  • Security Deposit Refundable Y N: Yes

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Craftsman
  • Property Type: Residential Lease
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1921
  • Building Area Total: 1864
  • Garage Y N: Yes
  • Lot Size Acres: 0.09
  • Subdivision Name: Emerson Heights
  • Transaction Type: Lease
  • Accessibility Features YN: No
  • MBR_AttributionContact: lavese@homebydre.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Daylight/Lookout Windows, Storage Space, Unfinished
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Disposal, Electric Oven, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Furnished: Unfurnished
  • Interior Amenities: Walk-in Closet(s)
  • Living Area: 952
  • Main Level Bedrooms: 2
  • Other Equipment: Smoke Alarm
  • Owner Pays: Not Applic, Ins Hazard, Insurance, Taxes, Sewer, Trash Collection
  • Eating Area: Separate Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 952
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Galley,Kitchen Updated
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Aluminum Siding
  • Foundation Details: Block, Partial
  • List Price: 1225
  • Property Condition: Updated/Remodeled

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached
  • Garage Sq Ft: 216

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Electric
  • Heating: Forced Air
  • Laundry Features: In Basement
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No
  • Pets Allowed: W/Approval

Lot Info

  • Lot Features: Access, Busline, Corner Lot, Fence Full Rear, Sidewalks
  • Property Attached Yn: No
  • Lot Size Sq Ft: 3877
  • Parcel Number: 491004140040000101
  • Acres: <1/4 Acre
  • Price Acre: 14166.6666666667

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 1844
  • Tax Lot: 49-10-04-140-040.000-101
  • Semi Annual Property Tax Amt: 922

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2022
Sold by
Daniel Lavese
Bought by
Daniel Lavese and Daniel Janice
Current Estimated Value
$163,032

Purchase Details

Listed on
Sep 24, 2021
Closed on
Mar 4, 2022
Sold by
Martin Brian P and Revoc Rhonda
Bought by
Daniel Lavese
Seller's Agent
Stefan Bean
@properties
Buyer's Agent
LaVese Daniel
Homes By Dre, LLC.
Sold Price
$130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
Original Mortgage
$97,500
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 24, 2021
Closed on
Feb 25, 2022
Sold by
Martin Brian P and Revoc Rhonda
Bought by
Daniel Lavese
Seller's Agent
Stefan Bean
@properties
Buyer's Agent
LaVese Daniel
Homes By Dre, LLC.
Sold Price
$130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2017
Sold by
Martin Rhonda D and Martin Brian P
Bought by
Martin Brian P and Martin Rhonda D
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
Daniel Lavese -- --
Daniel Lavese -- New Title Company Name
Daniel Lavese $130,000 New Title Company Name
Martin Brian P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Daniel Lavese $97,500
Previous Owner Daniel Lavese $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2023 06/13/23 Rented $1,275 +4.1% --
06/06/2023 06/06/23 Price Changed $1,225 -2.0% $1 / Sq Ft
06/06/2023 06/06/23 Price Changed $1,250 +4.6% $1 / Sq Ft
05/24/2023 05/24/23 Price Changed $1,195 -4.0% $1 / Sq Ft
05/16/2023 05/16/23 Price Changed $1,245 -0.4% $1 / Sq Ft
05/12/2023 05/12/23 Price Changed $1,250 -3.5% $1 / Sq Ft
05/08/2023 05/08/23 Price Changed $1,295 -0.3% $1 / Sq Ft
05/02/2023 05/02/23 For Rent $1,299 0.0% --
02/25/2022 02/25/22 Sold $130,000 0.0% $70 / Sq Ft
01/22/2022 01/22/22 Pending -- -- --
01/10/2022 01/10/22 For Sale -- -- --
01/07/2022 01/07/22 Off Market $130,000 -- --
09/24/2021 09/24/21 For Sale $150,000 -- $80 / 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 $3,143 $130,500 $10,600 $119,900
2023 $3,143 $128,800 $10,600 $118,200
2022 $2,407 $98,300 $10,600 $87,700
2021 $1,927 $79,900 $10,600 $69,300
2020 $1,724 $70,900 $2,200 $68,700
2019 $1,587 $63,800 $2,200 $61,600
2018 $1,430 $56,700 $2,200 $54,500
2017 $1,916 $51,500 $2,200 $49,300
2016 $1,139 $51,200 $2,200 $49,000
2014 $1,014 $46,900 $2,200 $44,700
2013 $998 $48,000 $2,200 $45,800
Source: Public Records

Agents Affiliated with this Home

  • LaVese Daniel

    Landlord's Agent in 2023

    LaVese Daniel

    Homes By Dre, LLC.

    (317) 748-4647

    1 in this area

    1 Total Sale

    LaVese Daniel
    Section Image

  • S

    Seller's Agent in 2022

    Stefan Bean

    @properties

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21918417

MIBOR Broker Listing Cooperative®

APN: 49-10-04-140-040.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

625 N Drexel Ave, Indianapolis, IN

This home is located at 625 N Drexel Ave, Indianapolis, IN 46201 since 02 May 2023 and is currently priced at $163,032. This property was built in 1921. 625 N Drexel Ave 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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