NOT LISTED FOR SALE

Estimated Value: $148,000 - $159,000

2 Beds
-- Bath
581 Sq Ft
$264/Sq Ft Est. Value

Last Sold April 25, 2024

Last sale price $160,000 $275 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,109/month

About This Home

As of April 2024

Nestled in the vibrant Butler-Tarkington neighborhood, this charming duplex offers a prime investment opportunity amidst the area's ongoing revitalization. Boasting a perfect blend of character and potential, this well-maintained property presents an enticing prospect for investors and house hackers alike. Each unit features 1br/1ba (581sq ft) providing comfortable living spaces, while also offering separate, unfinished basements for additional storage and laundry areas. One side of the duplex is currently occupied, generating $800 per month (lease ends 7/31/24). Meanwhile, the other side stands vacant and rent-ready, presenting an excellent chance for immediate occupancy or rental. All utilities are separately metered. Situated in a highly sought-after location, residents will enjoy easy access to downtown Indianapolis, major thoroughfares, Broad Ripple, the State Fairgrounds, Newfields, the Monon Trail, and much more! The neighborhood's ongoing revitalization adds to its appeal, with new builds and renovated homes sprinkled around the area. Furthermore, the property's proximity to Butler University makes it an attractive option for students, faculty, and staff seeking convenient housing solutions. Investors stand to benefit from the property's immediate cash flow potential, with one unit already generating income and the other primed for immediate occupancy. House hackers, on the other hand, can seize the chance to offset their mortgage expenses by living in one unit while renting out the other, thereby building equity and maximizing their investment potential. Don't miss out on this rare opportunity to be a part of one of Indianapolis's most promising neighborhoods. Schedule a viewing today and take the first step towards becoming a part of the exciting growth story unfolding in Butler-Tarkington!

Last Agent to Sell the Property

Peter Stewart

Keller Williams Indpls Metro N Brokerage Email: peter@peterstewartrealty.com License #RB15000083 Listed on: 03/27/2024

Keller Williams Indpls Metro N

Last Buyer's Agent

Ted O'Donnell

F.C. Tucker Company License #RB14034724

F.C. Tucker Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,408

Year Built

  • Built in 1942

Lot Details

  • 4,356

Home Design

  • Duplex
  • Ranch Style House
  • Block Foundation
  • Vinyl Siding

Unfinished Basement

  • Partial Basement
  • Laundry in Basement
  • Basement Lookout

Additional Features

  • 4,356 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • Culver Riggs & Lynns Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for no utilities
  • Tax Lot 267
  • Assessor Parcel Number 490614125109000801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,408

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1942
  • Lot Size Acres: 0.1
  • Subdivision Name: Culver Riggs & Lynns
  • Transaction Type: Sale
  • Website: https://www.630w41st.com
  • Conversion: No
  • Price Unit: 80000
  • MBR_AttributionContact: peter@peterstewartrealty.com
  • Attribution Contact: peter@peterstewartrealty.com
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Daylight/Lookout Windows, Partial, Unfinished
  • Levels: One
  • Owner Pays: No Utilities
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt
  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
  • List Price: 150000
  • View Y N: No
  • Waterfront: No
  • Road Access: Access Rd

Garage/Parking

  • Parking Features: Gravel
  • Unit Parking: 2 Car Space

Utilities

  • Cooling: None
  • Heating: Forced Air
  • Laundry Features: In Basement
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Property Attached Yn: No
  • Additional Parcels: No
  • Current Use: Apt<20
  • Lot Size Sq Ft: 4356
  • Parcel Number: 490614125109000801
  • Acres: <1/4 Acre
  • Price Acre: 1600000

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 1600
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3408
  • Tax Lot: 267
  • Semi Annual Property Tax Amt: 1704
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2024
Sold by
Carroll Tim and Carroll Laura
Bought by
Tlc Hospitality Llc
Current Estimated Value
$153,500

Purchase Details

Listed on
Mar 27, 2024
Closed on
Apr 26, 2024
Sold by
Baker Property Holdings Llc
Bought by
Carroll Tim and Carroll Laura
Seller's Agent
Peter Stewart
Keller Williams Indpls Metro N
Buyer's Agent
Ted O'Donnell
F.C. Tucker Company
List Price
$150,000
Sold Price
$160,000
Premium/Discount to List
$10,000
6.67%
Views
56

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.98%
Original Mortgage
$108,750
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2020
Sold by
Baker Daniel and Baker Allena
Bought by
Baker Property Holdings Llc

Purchase Details

Closed on
Apr 15, 2020
Sold by
Davis Yvett
Bought by
Baker Daniel and Baker Allena

Purchase Details

Closed on
Dec 13, 2018
Sold by
S & C Financial Group Rentals Llc
Bought by
Wilson Rene Lynn

Purchase Details

Closed on
Dec 3, 2018
Sold by
Wilson Rene Lynn
Bought by
Davis Yvette

Purchase Details

Closed on
Jun 28, 2016
Sold by
S & C Financial Group Llc
Bought by
S&C Financial Group Rentals Llc

Purchase Details

Closed on
Apr 1, 2016
Sold by
Dorsey Investments
Bought by
S&C Financial Group Llc

Purchase Details

Closed on
Jul 10, 2013
Sold by
Indianapolis Downtown Real Estate
Bought by
Dorsey Investments Marion County

Purchase Details

Closed on
Dec 7, 2012
Sold by
Indianapolis City Marion County Board
Bought by
Indianapolis Downtown Real Estate

Purchase Details

Closed on
Oct 19, 2012
Sold by
Marion County
Bought by
Indianapolis Downtown Real Estate

Purchase Details

Closed on
Oct 18, 2012
Sold by
Marion County Auditor
Bought by
Marion County

Purchase Details

Closed on
Oct 5, 2009
Sold by
Langston Maria
Bought by
Home Solutions Partners Ii Reo 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 Buyer Sale Price Title Company
Tlc Hospitality Llc -- Royal Title Services
Carroll Tim $175,000 Boston National Title
Baker Property Holdings Llc -- None Available
Baker Daniel $80,000 First American Title Insurance
Wilson Rene Lynn -- None Available
Davis Yvette -- None Available
S&C Financial Group Rentals Llc -- None Available
S&C Financial Group Llc $4,200 None Available
Dorsey Investments Marion County -- --
Indianapolis Downtown Real Estate -- --
Marion County -- --
Indianapolis Downtown Real Estate $7,600 --
Marion County $19,000 --
Home Solutions Partners Ii Reo Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carroll Tim $108,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2024 04/25/24 Sold $160,000 +6.7% $275 / Sq Ft
03/28/2024 03/28/24 Pending -- -- --
03/27/2024 03/27/24 For Sale $150,000 -- $258 / 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 $3,528 $123,000 $20,700 $102,300
2023 $3,528 $143,700 $20,700 $123,000
2022 $3,079 $143,700 $20,700 $123,000
2021 $2,222 $91,300 $9,600 $81,700
2020 $1,235 $80,600 $9,600 $71,000
2019 $1,010 $64,700 $9,600 $55,100
2018 $906 $54,400 $4,000 $50,400
2017 $1,733 $58,900 $4,000 $54,900
2016 $771 $69,300 $4,000 $65,300
2014 $1,254 $58,000 $4,000 $54,000
2013 $1,015 $48,800 $4,000 $44,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21970725

MIBOR Broker Listing Cooperative®

APN: 49-06-14-125-109.000-801