NOT LISTED FOR SALE

Estimated Value: $395,000 - $470,000

2 Beds
1 Bath
1,134 Sq Ft
$381/Sq Ft Est. Value

Last Sold September 17, 2019

Last sale price $275,000 $243 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,878/month

26 Days on Market

About This Home

As of September 2019

Rare opportunity to acquire the premier package of rental duplexes in Indianapolis. The 5 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

Non-BLC Member

MIBOR REALTOR® Association

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,040

Year Built

  • Built in 1920

Lot Details

  • 4,400

Parking

  • Gravel Driveway

Home Design

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

Additional Features

  • 2-Story Property
  • 4,400 Sq Ft Lot
  • Basement

Community Details

  • Light's Bellevue 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 490612225017000801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,040

Year Built

Built in 1920

Lot Details

4,400 Sq Ft Lot

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1920
  • Lot Size Acres: 0.101
  • Structure Type: Duplex
  • Subdivision Name: LIGHT'S BELLEVUE
  • Inspection Warranties: General,Not Applicable
  • Property Description: Rare opportunity to acquire the premier package of rental duplexes in Indianapolis. The 5 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: 2268
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Gravel
  • Foundation Details: Block

Garage/Parking

  • Unit Parking: On Street,2 Car Space

Utilities

  • Solid Waste: 1

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 490612225017000801
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks,Tree Mature,See Remarks
  • Lot Number: 480
  • Lot Size: 4400

Green Features

  • Green Certification Y N: 0

Rental Info

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

Tax Info

  • Tax Annual Amount: 6040
  • Semi Annual Property Tax Amt: 3020
  • 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
Oct 23, 2019
Sold by
Corey John
Bought by
Bcs Property Group Llc
Seller's Agent
Samuel Hawkins
F.C. Tucker Company
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$279,000
Sold Price
$275,000
Premium/Discount to List
-$4,000
-1.43%
Current Estimated Value
$432,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,500
Avg. Annual Appreciation
7.21%
Original Mortgage
$206,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 21, 2019
Closed on
Sep 11, 2019
Sold by
Penny A Weed Llc
Bought by
Corey John
Seller's Agent
Samuel Hawkins
F.C. Tucker Company
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$279,000
Sold Price
$275,000
Premium/Discount to List
-$4,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 9, 2014
Closed on
May 28, 2014
Sold by
Bookman Douglas Dale and Bookman Diane Nord
Bought by
Penny A Weed Llc
Seller's Agent
Stephanie Evelo
Keller Williams Indy Metro NE
Buyer's Agent
Samuel Hawkins
F.C. Tucker Company
List Price
$215,000
Sold Price
$184,000
Premium/Discount to List
-$31,000
-14.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%

Purchase Details

Closed on
Oct 6, 2006
Sold by
646 E 54Th Llc
Bought by
Bookman Douglas Dale and Bookman Diane Nord

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,800
Interest Rate
6.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bcs Property Group Llc -- None Available
Corey John -- None Available
Penny A Weed Llc -- None Available
Bookman Douglas Dale -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corey John $206,250
Previous Owner Bookman Douglas Dale $140,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/17/2019 09/17/19 Sold $275,000 -1.4% $243 / Sq Ft
07/18/2019 07/18/19 Pending -- -- --
06/21/2019 06/21/19 For Sale $279,000 +51.6% $246 / Sq Ft
05/29/2014 05/29/14 Sold $184,000 -14.4% $325 / Sq Ft View Prior Sale
05/16/2014 05/16/14 Pending -- -- --
05/09/2014 05/09/14 For Sale $215,000 -- $379 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 $7,541 $326,400 $43,000 $283,400
2024 $7,658 $317,800 $43,000 $274,800
2023 $7,658 $317,800 $43,000 $274,800
2022 $8,013 $317,800 $43,000 $274,800
2021 $6,663 $283,800 $35,200 $248,600
2020 $6,464 $274,200 $35,200 $239,000
2019 $5,691 $236,300 $29,900 $206,400
2018 $6,040 $248,900 $29,900 $219,000
2017 $5,364 $247,500 $29,900 $217,600
2016 $5,179 $244,100 $29,900 $214,200
2014 $5,161 $238,700 $29,900 $208,800
2013 $3,430 $238,700 $29,900 $208,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21645032

MIBOR Broker Listing Cooperative®

APN: 49-06-12-225-017.000-801

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