NOT LISTED FOR SALE

633 E 38th St Indianapolis, IN 46205

Mapleton-Fall Creek Neighborhood

Estimated Value: $413,000 - $490,085

-- Bed
-- Bath
-- Sq Ft
3,312 Sq Ft Lot

Last Sold April 11, 2024

Last sale price $450,000

Current estimated payment $2,732/month

58 Days on Market

About This Home

As of April 2024

Great investment property in a developing area! This 4 unit property appraised OVER the listing price. Located on the Red Line. All four units are three bedroom, one bath with individually metered electric and gas. Coin operated laundry in the basement is leased and adds to monthly income. New indoor mail system approved by postmaster with parcel locker for secure tenant mail/package delivery and 5 new breaker boxes for each unit and common area. This building is zoned D8 and several new multi-use buildings are being constructed in this area. Owner pays water, sewer, and common area electric. 2x 80 gal water heaters handle all units & laundry. Utility bill average is $200/mo. Could charge a flat rate for water/sewer/electric, and add more washer/dryers & storage units in the basement for additional income.

Last Agent to Sell the Property

Devan Lunceford

Totalis Real Estate Solutions Brokerage Email: devan@devanlunceford.com License #RB20001289 Listed on: 01/05/2024

Last Buyer's Agent

Erik Wentz

F.C. Tucker Company License #RB18000171

F.C. Tucker Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,410

Year Built

  • Built in 1920

Lot Details

  • 3,312

Home Design

  • Quadruplex

Additional Features

  • 2-Story Property
  • 3,312 Sq Ft Lot
  • Basement

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • The owner pays for insurance, lawncare, taxes, sewer, water
  • Tax Lot 101
  • Assessor Parcel Number 490624119088000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,410

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1920
  • Lot Size Acres: 0.08
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 112500
  • MBR_AttributionContact: devan@devanlunceford.com
  • Multi Rooms: 20
  • Attribution Contact: devan@devanlunceford.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: Insurance, Lawncare, Taxes, Sewer, Water
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Direction Faces: North
  • List Price: 450000
  • Road Access: Frontage Road,Street Cuts

Utilities

  • Solid Waste: No

Fee Information

  • Expenses: 0

Lot Info

  • Additional Parcels: No
  • Current Use: Apt<20
  • Lot Size Sq Ft: 3312
  • Parcel Number: 490624119088000101
  • Zoning: Commercial
  • Acres: <1/4 Acre
  • Price Acre: 5625000

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Gross Income: 40872
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2410
  • Tax Lot: 101
  • Semi Annual Property Tax Amt: 1205

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2024
Closed on
Apr 9, 2024
Sold by
633 East Llc
Bought by
Shejule Zarah
Seller's Agent
Devan Lunceford
Totalis Real Estate Solutions
Buyer's Agent
Erik Wentz
F.C. Tucker Company
List Price
$450,000
Sold Price
$450,000
Views
113
Current Estimated Value
$451,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,543
Avg. Annual Appreciation
0.24%
Original Mortgage
$427,500
Outstanding Balance
$421,185
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$30,358

Purchase Details

Listed on
Jan 5, 2024
Closed on
Apr 8, 2024
Sold by
633 East Llc
Bought by
Shejule Zarah
Seller's Agent
Devan Lunceford
Totalis Real Estate Solutions
Buyer's Agent
Erik Wentz
F.C. Tucker Company
List Price
$450,000
Sold Price
$450,000
Views
113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Outstanding Balance
$421,185
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$30,358

Purchase Details

Listed on
Feb 18, 2021
Closed on
Mar 29, 2021
Sold by
Katipally Swapna
Bought by
633 East Llc
Seller's Agent
Jerry Gemmecke
F.C. Tucker Company
Buyer's Agent
Devon Hicks
T&H Realty Services, Inc.
List Price
$300,000
Sold Price
$316,000
Premium/Discount to List
$16,000
5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.29%
Original Mortgage
$237,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 18, 2021
Closed on
Mar 25, 2021
Sold by
Katipally Swapna
Bought by
633 East Llc
Seller's Agent
Jerry Gemmecke
F.C. Tucker Company
Buyer's Agent
Devon Hicks
T&H Realty Services, Inc.
List Price
$300,000
Sold Price
$316,000
Premium/Discount to List
$16,000
5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 4, 2020
Closed on
Mar 12, 2020
Sold by
Carlon Properties Llc
Bought by
Ridgemont Capital Partners Llc
Seller's Agent
Maxwell Richter
Wilmoth Group
Buyer's Agent
Jerry Gemmecke
F.C. Tucker Company
List Price
$229,000
Sold Price
$230,500
Premium/Discount to List
$1,500
0.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.84%
Original Mortgage
$184,400
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 22, 2016
Closed on
Oct 12, 2016
Sold by
Circle City Long Term Holds Llc
Bought by
Henderson Development Llc
Seller's Agent
Charlene Gaard
No Limit Real Estate, LLC
Buyer's Agent
William Bryant
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.66%

Purchase Details

Closed on
Oct 28, 2011
Sold by
Hoosier Home Rentals 6 Llc
Bought by
Home Spring Management Llc

Purchase Details

Closed on
Jun 21, 2011
Sold by
Besinger James
Bought by
Hoosier Home Rentals 6 Llc

Purchase Details

Closed on
Dec 22, 2006
Sold by
Besinger James
Bought by
38Th Street Land Trust No 633

Purchase Details

Closed on
Oct 13, 2005
Sold by
Besinger Alicia G
Bought by
Besinger James J

Purchase Details

Closed on
May 31, 2005
Sold by
Basinger James J
Bought by
Besinger James J and Besinger Alicia G
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
Shejule Zarah -- None Listed On Document
Shejule Zarah $450,000 None Listed On Document
633 East Llc -- Fidelity National Title
Katipally Swapna -- Fidelity National Title
633 East Llc $316,000 Fidelity National Title
Katipally Swapna $316,000 Fidelity National Title
Ridgemont Capital Partners Llc -- None Available
Henderson Development Llc -- None Available
Home Spring Management Llc -- None Available
Hoosier Home Rentals 6 Llc $41,651 None Available
38Th Street Land Trust No 633 -- None Available
Besinger James J -- None Available
Besinger James J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shejule Zarah $427,500
Closed Shejule Zarah $427,500
Previous Owner Katipally Swapna $237,000
Previous Owner Katipally Swapna $237,000
Previous Owner Ridgemont Capital Partners Llc $184,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2024 04/11/24 Sold $450,000 0.0% --
03/04/2024 03/04/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $450,000 0.0% --
02/21/2024 02/21/24 Pending -- -- --
02/21/2024 02/21/24 For Sale $450,000 0.0% --
01/08/2024 01/08/24 Pending -- -- --
01/05/2024 01/05/24 For Sale $450,000 +42.4% --
03/25/2021 03/25/21 Sold $316,000 +5.3% --
02/19/2021 02/19/21 Pending -- -- --
02/18/2021 02/18/21 For Sale $300,000 +30.2% --
03/13/2020 03/13/20 Sold $230,500 +0.7% --
02/07/2020 02/07/20 Pending -- -- --
02/04/2020 02/04/20 For Sale $229,000 +83.2% --
10/14/2016 10/14/16 Sold $125,000 0.0% --
09/12/2016 09/12/16 Off Market $125,000 -- --
08/22/2016 08/22/16 For Sale $125,000 -- --
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 $3,913 $265,100 $32,200 $232,900
2023 $3,913 $157,200 $16,100 $141,100
2022 $3,418 $126,300 $16,100 $110,200
2021 $2,463 $104,500 $14,600 $89,900
2020 $2,158 $91,000 $14,600 $76,400
2019 $2,119 $87,700 $14,600 $73,100
2018 $2,136 $87,700 $14,600 $73,100
2017 $1,788 $82,100 $14,600 $67,500
2016 $1,670 $78,300 $14,600 $63,700
2014 $1,699 $78,600 $14,600 $64,000
2013 $1,634 $78,600 $14,600 $64,000
Source: Public Records

Agents Affiliated with this Home

  • Devan Lunceford

    Seller's Agent in 2024

    Devan Lunceford

    Totalis Real Estate Solutions

    (812) 230-6651

    1 in this area

    158 Total Sales

    Devan Lunceford
    Section Image
  • Erik Wentz

    Buyer's Agent in 2024

    Erik Wentz

    F.C. Tucker Company

    (317) 397-9551

    4 in this area

    131 Total Sales

    Erik Wentz
    Section Image
  • Jerry Gemmecke

    Seller's Agent in 2021

    Jerry Gemmecke

    F.C. Tucker Company

    (317) 445-2434

    3 in this area

    269 Total Sales

    Jerry Gemmecke
    Section Image

  • D

    Buyer's Agent in 2021

    Devon Hicks

    T&H Realty Services, Inc.

    Section Image
  • Maxwell Richter

    Seller's Agent in 2020

    Maxwell Richter

    Wilmoth Group

    (317) 842-3400

    1 in this area

    252 Total Sales

    Maxwell Richter
    Section Image
  • Charlene Gaard

    Seller's Agent in 2016

    Charlene Gaard

    No Limit Real Estate, LLC

    (317) 440-2149

    4 in this area

    277 Total Sales

    Charlene Gaard
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21958749

MIBOR Broker Listing Cooperative®

APN: 49-06-24-119-088.000-101

Indiana Marion County Indianapolis 46205 Mapleton-Fall Creek

633 E 38th St, Indianapolis, IN

This home is located at 633 E 38th St, Indianapolis, IN 46205 since 05 January 2024 and is currently estimated at $451,543. This property was built in 1920. 633 E 38th St is a home located in Marion County with nearby schools including Arlington Community Middle School, 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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