NOT LISTED FOR SALE

6310 N College Ave Indianapolis, IN 46220

Broad Ripple Neighborhood

Estimated Value: $519,000 - $631,000

5 Beds
-- Bath
-- Sq Ft
7,841 Sq Ft Lot

Last Sold September 25, 2020

Last sale price $432,500

Est. 33% increase in value since last sale

Current estimated payment $3,815/month

102 Days on Market

About This Home

As of September 2020

This multi-functional building, with a rich history, has been a staple in the heart of Broad Ripple for years. Formerly a mixed-use owner-occupied/hair salon and currently used a residential three-unit multi-family, this building is also zoned light commercial through variance. Keep it as a living space or transform it into a storefront for a small business. Situated directly across from Fresh Thyme and within walking distance of the best restaurants Broad Ripple has to offer. The current set up is that of a tri-plex: a studio apartment with basement, a one-bedroom apartment, and a two floor two-bedroom with a basement.

Last Agent to Sell the Property

Kristopher Elliott

Booker Realty License #RB14046452 Listed on: 05/28/2020

Last Buyer's Agent

Garrett Lawton

Trueblood Real Estate

Trueblood Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,806

Year Built

  • Built in 1941

Lot Details

  • 7,841

Parking

  • Driveway

Home Design

  • Block Foundation

Additional Features

  • 2-Story Property
  • 7,841 Sq Ft Lot
  • Basement

Community Details

  • Warfleigh Subdivision

Listing and Financial Details

  • Tenant pays for rent only
  • The owner pays for lawncare, taxes, all utilities
  • Assessor Parcel Number 490335109164000801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,806

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Multi-Level
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1941
  • Lot Size Acres: 0.18
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Triplex
  • Subdivision Name: WARFLEIGH
  • Inspection Warranties: Not Applicable
  • Property Description: This multi-functional building, with a rich history, has been a staple in the heart of Broad Ripple for years. Formerly a mixed-use owner-occupied/hair salon and currently used a residential three-unit multi-family, this building is also zoned light commercial through variance. Keep it as a living space or transform it into a storefront for a small business. Situated directly across from Fresh Thyme and within walking distance of the best restaurants Broad Ripple has to offer. The current set up is that of a tri-plex: a studio apartment with basement, a one-bedroom apartment, and a two floor two-bedroom with a basement.
  • Transaction Type: Sale
  • Unit Count: 3
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two, Basement
  • Owner Pays: Lawncare, Taxes, All Utilities
  • Possible Use: CommMulTen, CommSglTen, Office, Residential
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 3103
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Wood
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Asphalt
  • Foundation Details: Block
  • List Price: 467250
  • Road Access: CityStreet

Garage/Parking

  • Unit Parking: Parking Lot
  • Auto Parking: 6

Utilities

  • Solid Waste: 1
  • HVAC: 3 gas furnaces, 4 AC

Fee Information

  • Expenses: 21224

Lot Info

  • Current Use: Residential
  • Parcel Number: 490335109164000801
  • Zoning: D7
  • Acres: <1/4 Acre
  • Lot Information: Access Street,Busline,Sidewalks,Street Lights,Not In Subdivision
  • Lot Number: 126
  • Lot Size: 7,841

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Rent Only

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3806
  • Semi Annual Property Tax Amt: 1903
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2020
Closed on
Sep 24, 2020
Sold by
Detrick Trust
Bought by
T & R Osman Inc
Seller's Agent
Kristopher Elliott
Booker Realty
Buyer's Agent
Garrett Lawton
Trueblood Real Estate
List Price
$467,250
Sold Price
$432,500
Premium/Discount to List
-$34,750
-7.44%
Current Estimated Value
$574,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,657
Avg. Annual Appreciation
3.73%
Source: Public Records

Range of Values:

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Average Value
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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
T & R Osman Inc $432,500 Meridian Title Corporation
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2020 09/25/20 Sold $432,500 -7.4% --
09/11/2020 09/11/20 For Sale $467,250 +8.0% --
09/08/2020 09/08/20 Pending -- -- --
07/21/2020 07/21/20 Off Market $432,500 -- --
07/20/2020 07/20/20 For Sale $467,250 0.0% --
06/09/2020 06/09/20 Pending -- -- --
05/28/2020 05/28/20 Price Changed $467,250 -6.4% --
05/28/2020 05/28/20 For Sale $499,000 -- --
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 $8,312 $369,600 $44,300 $325,300
2023 $8,312 $341,300 $44,300 $297,000
2022 $10,364 $341,300 $44,300 $297,000
2021 $8,317 $355,300 $31,400 $323,900
2020 $3,996 $239,600 $31,400 $208,200
2019 $3,903 $230,500 $31,400 $199,100
2018 $3,804 $221,100 $31,400 $189,700
2017 $3,292 $214,700 $31,400 $183,300
2016 $3,106 $210,200 $31,400 $178,800
2014 $3,293 $213,200 $31,400 $181,800
2013 $3,583 $204,400 $31,400 $173,000
Source: Public Records

Agents Affiliated with this Home

  • Kristopher Elliott

    Seller's Agent in 2020

    Kristopher Elliott

    Booker Realty

    (317) 902-2293

    1 in this area

    17 Total Sales

    Kristopher Elliott
    Section Image

  • G

    Buyer's Agent in 2020

    Garrett Lawton

    Trueblood Real Estate

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21711274

MIBOR Broker Listing Cooperative®

APN: 49-03-35-109-164.000-801

Indiana Marion County Indianapolis 46220 Broad Ripple

6310 N College Ave, Indianapolis, IN

This home is located at 6310 N College Ave, Indianapolis, IN 46220 since 28 May 2020 and is currently estimated at $574,157. This property was built in 1941. 6310 N College Ave is a home located in Marion County with nearby schools including James Whitcomb Riley School 43, Arsenal Technical High School, and George Washington Community High School No. 721.

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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