NOT LISTED FOR SALE

651 E 56th St Indianapolis, IN 46220

Meridian Kessler Neighborhood

Estimated Value: $422,000 - $425,000

2 Beds
1 Bath
1,227 Sq Ft
$345/Sq Ft Est. Value

Highlights

  • Traditional Architecture
  • Woodwork
  • Forced Air Heating System
  • No HOA

About This Home

As of August 2024

This two story, 2 bed / 1 bath duplex is conveniently located just south of Broad Ripple. Perfect for shopping and entertainment! You are welcomed home by a screened in front porch to relax at the end of your day. When you set foot in the home, you enter into the sizable living room that leads to a separate dining area. Upstairs includes two roomy bedrooms and a full bath. You can access the laundry area in the lower level. Don't miss out on this great opportunity AND location! Short term lease is available at an increased rate.

Last Agent to Rent the Property

Daniel Baldini

Polaris Real Estate Group, INC Brokerage Email: dan@polarismanage.com License #RB14027484 Listed on: 08/20/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,970

Year Built

  • Built in 1920

Lot Details

  • 6,578 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Fire and Smoke Detector
  • Electric Oven
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Property managed by Polaris Property Management

Listing and Financial Details

  • Security Deposit $1,542
  • Property Available on 10/1/24
  • Tenant pays for carpet cleaning, insurance, all utilities
  • The owner pays for taxes
  • 6-Month Minimum Lease Term
  • $94 Application Fee
  • Assessor Parcel Number 490612173005000801

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,970

Year Built

Built in 1920

Lot Details

0

Rental Info

  • Available Date: 2024-10-01
  • Lease Amount: 1542
  • Lease Term: Negotiable,6 Months,12 Months,18 Months,24 Months
  • Tenant Pays: Carpet Cleaning, Insurance, All Utilities
  • Min Lease Req: 6
  • Pet Deposit: 350
  • Security Deposit: 1542
  • Smoking: No
  • Application Fee: 94
  • Pet Deposit Refundable Y N: No
  • Pet Rental Amount: 55
  • Security Deposit Refundable Y N: Yes
  • Application Website: https://polaris.twa.rentmanager.com/applynow

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Lease
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1920
  • Building Area Total: 1728
  • Garage Y N: No
  • Lot Size Acres: 0.15
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Lease
  • Accessibility Features YN: No
  • MBR_AttributionContact: dan@polarismanage.com
  • Attribution Contact: dan@polarismanage.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Appliances: Electric Oven, Refrigerator, Gas Water Heater
  • Levels: Two
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 75
  • Furnished: Unfurnished
  • Interior Amenities: Wood Work Painted
  • Living Area: 1227
  • Other Equipment: Smoke Alarm
  • Owner Pays: Taxes
  • Eating Area: Other Eating Area
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Main Level Sq Ft: 576
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 576
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 1

Exterior Features

  • Construction Materials: Vinyl With Brick
  • Foundation Details: Block
  • List Price: 1542

Garage/Parking

  • Parking Features: None
  • Garage Sq Ft: 0

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No
  • Pets Allowed: W/Approval
  • Property Management Company: Polaris Property Management
  • Property Management Company Contact: Dan Baldini
  • Property Management Company Email: dan@polarismanage.com
  • Property Management Company Phone: 317-714-0365

Lot Info

  • Property Attached Yn: Yes
  • Horse Amenities: None
  • Lot Size Sq Ft: 6578
  • Parcel Number: 490612173005000801
  • Acres: <1/4 Acre
  • Price Acre: 10280

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2020
Sold by
Farrell-Downham Properties Llc
Bought by
Pace Charles and Pace Kendra
Current Estimated Value
$423,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,050
Outstanding Balance
$165,266
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$258,234

Purchase Details

Closed on
Nov 29, 2019
Sold by
Farrell Michael R and Farrell Ellen M
Bought by
Farrell-Downham Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,050
Outstanding Balance
$165,266
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$258,234

Purchase Details

Closed on
May 26, 2006
Sold by
Farrell Downham Properties Llc
Bought by
Farrell Michael R and Farrell Ellen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.62%
Mortgage Type
New Conventional
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
Pace Charles $295,000 Krieg Devault Llp
Farrell-Downham Properties Llc -- None Available
Farrell Michael R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pace Charles $187,050
Previous Owner Farrell Michael R $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2024 08/20/24 Rented $1,542 0.0% --
08/20/2024 08/20/24 Under Contract -- -- --
08/20/2024 08/20/24 For Rent $1,542 +21.4% --
09/12/2023 09/12/23 Rented $1,270 0.0% --
09/05/2023 09/05/23 For Rent $1,270 0.0% --
09/01/2023 09/01/23 Off Market $1,270 -- --
08/16/2023 08/16/23 For Rent $1,295 0.0% --
08/16/2022 08/16/22 Rented $1,295 0.0% --
08/03/2022 08/03/22 Price Changed $1,295 -3.7% $1 / Sq Ft
06/28/2022 06/28/22 For Rent $1,345 0.0% --
04/26/2022 04/26/22 Off Market $1,345 -- --
04/26/2022 04/26/22 For Rent $1,345 +8.9% --
04/22/2021 04/22/21 Rented -- -- --
04/22/2021 04/22/21 For Rent $1,235 +10.3% --
05/21/2020 05/21/20 Rented $1,120 0.0% --
05/21/2020 05/21/20 For Rent $1,120 -- --
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 $6,970 $311,800 $47,200 $264,600
2023 $6,970 $288,000 $47,200 $240,800
2022 $7,571 $288,000 $47,200 $240,800
2021 $6,891 $292,900 $39,900 $253,000
2020 $6,729 $284,900 $39,900 $245,000
2019 $6,855 $284,900 $39,900 $245,000
2018 $5,660 $232,300 $39,900 $192,400
2017 $5,014 $230,300 $39,900 $190,400
2016 $4,807 $225,500 $39,900 $185,600
2014 $4,754 $219,700 $39,900 $179,800
2013 $4,973 $211,200 $39,900 $171,300
Source: Public Records

Agents Affiliated with this Home

  • D

    Landlord's Agent in 2024

    Daniel Baldini

    Polaris Real Estate Group, INC

    (317) 749-2766

    20 Total Sales

    Daniel Baldini
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21997091

MIBOR Broker Listing Cooperative®

APN: 49-06-12-173-005.000-801

Indiana Marion County Indianapolis 46220 Meridian Kessler

651 E 56th St, Indianapolis, IN

This home is located at 651 E 56th St, Indianapolis, IN 46220 since 20 August 2024 and is currently priced at $423,500. This property was built in 1920. 651 E 56th St is a home located in Marion County with nearby schools including James Whitcomb Riley School 43, Robert Lee Frost School 106, and Arlington Community Middle School.

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