NOT LISTED FOR SALE

651 E 48th St Indianapolis, IN 46205

Meridian Kessler Neighborhood

Estimated Value: $290,000 - $321,951

1 Bed
-- Bath
676 Sq Ft
$452/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $245,000 $362 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,020/month

3 Days on Market

About This Home

As of June 2022

Adorable duplex near Arsenal Park. Convenient location to downtown & Broad Ripple. 1 bed/1 bath each side. Hardwood floors with charm throughout. Partially fenced in backyard. 2 car detached garage. Easy access to the Red Line. Appliances stay. Basement with laundry & storage. Great place to call home or to have a great investment opportunity.

Last Agent to Sell the Property

Katie Malott

Compass Indiana, LLC Listed on: 05/12/2022

Compass Indiana, LLC

Last Buyer's Agent

Autumn Nicoletti

Highgarden Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,974

Year Built

  • Built in 1930

Lot Details

  • 4,792 Sq Ft Lot

Parking

  • 1 Car Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation

Additional Features

  • Basement

Community Details

  • Pikes Sub Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, insurance, all utilities
  • The owner pays for inshazard, insurance, taxes, no utilities
  • Assessor Parcel Number 490612119001000801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,974

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1930
  • Lot Size Acres: 0.11
  • Structure Type: Duplex
  • Subdivision Name: PIKES SUB
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: One
  • Owner Pays: InsHazard, Insurance, Insurance, Taxes, No Utilities
  • Sq Ft Main Upper: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Brick, Wood
  • Disclosures: Not Applicable
  • Exterior Features: Not Applicable
  • Foundation Details: Block
  • List Price: 275000

Garage/Parking

  • Garage Spaces: 1
  • Unit Parking: 2 Car Garage,On Street

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 4500

Lot Info

  • Parcel Number: 490612119001000801
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Access Street,Sidewalks,Street Lights
  • Lot Number: 4
  • Lot Size: 0.00 AC

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Insurance, All Utilities, Other

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5974
  • Semi Annual Property Tax Amt: 2987
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Jun 17, 2022
Sold by
Lee Barnett Alex
Bought by
Edgar Kodi A and Edgar Bryan J
Seller's Agent
Katie Malott
Compass Indiana, LLC
Buyer's Agent
Autumn Nicoletti
Highgarden Real Estate
List Price
$275,000
Sold Price
$245,000
Premium/Discount to List
-$30,000
-10.91%
Current Estimated Value
$305,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,650
Avg. Annual Appreciation
6.93%
Original Mortgage
$145,000
Outstanding Balance
$138,004
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$167,646

Purchase Details

Closed on
Oct 17, 2014
Sold by
Slaby Kirsten
Bought by
Barnett Alex Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,660
Interest Rate
4.23%
Mortgage Type
FHA
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
Edgar Kodi A $275,000 Centurion Land Title
Barnett Alex Lee -- Ct
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edgar Kodi A $145,000
Previous Owner Barnett Alex Lee $125,660
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2022 06/10/22 Sold $245,000 -10.9% $362 / Sq Ft
05/15/2022 05/15/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $275,000 -- $407 / 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 $4,714 $193,700 $26,400 $167,300
2023 $4,714 $193,700 $26,400 $167,300
2022 $3,254 $192,600 $26,400 $166,200
2021 $2,987 $185,800 $25,600 $160,200
2020 $2,986 $185,800 $25,600 $160,200
2019 $3,036 $185,800 $25,600 $160,200
2018 $2,502 $158,800 $25,600 $133,200
2017 $2,201 $157,500 $25,600 $131,900
2016 $2,072 $154,500 $25,600 $128,900
2014 $2,069 $148,600 $25,600 $123,000
2013 $3,412 $148,600 $25,600 $123,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Katie Malott

    Compass Indiana, LLC

    Section Image

  • A

    Buyer's Agent in 2022

    Autumn Nicoletti

    Highgarden Real Estate

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21854523

MIBOR Broker Listing Cooperative®

APN: 49-06-12-119-001.000-801

Indiana Marion County Indianapolis 46205 Meridian Kessler

651 E 48th St, Indianapolis, IN

This home is located at 651 E 48th St, Indianapolis, IN 46205 since 12 May 2022 and is currently estimated at $305,650, approximately $452 per square foot. This property was built in 1930. 651 E 48th St 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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