NOT LISTED FOR SALE

7306 Lowe Dr Indianapolis, IN 46226

Estimated Value: $226,000 - $286,674

Studio
-- Bath
851 Sq Ft
$293/Sq Ft Est. Value

Last Sold May 28, 2019

Last sale price $129,900 $153 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $1,471/month

216 Days on Market

About This Home

As of May 2019

Nice duplex with 2 Bedrooms and 1 Bath each. Lowe side has long time tenant of 28 years. Rents are below market value. Leases are on a month-to-month for both sides. Market-rate rents are $775 per month.

Last Agent to Sell the Property

Carl Culmann

Culmann Real Estate Group, LLC License #RB14036566 Listed on: 06/29/2018

Last Buyer's Agent

Rodney Heard

eXp Realty LLC

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.42 Acre Lot
  • Back Yard Fenced

Parking

  • Gravel Driveway

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Basement

  • Crawl Space

Community Details

  • Fall Creek Heights Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for trash collection
  • Assessor Parcel Number 490712119036000407

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1957
  • Lot Size Acres: 0.416
  • Road Surface Type: Asphalt
  • Structure Type: Duplex, FreeStand
  • Subdivision Name: FALL CREEK HEIGHTS
  • Inspection Warranties: Not Applicable
  • Property Description: Nice duplex with 2 Bedrooms and 1 Bath each. Lowe side has long time tenant of 28 years. Rents are below market value. Leases are on a month-to-month for both sides. Market-rate rents are $775 per month.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: Trash Collection
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Gravel, Fence Full Rear
  • Foundation Details: Crawl Space
  • Road Access: CityStreet

Garage/Parking

  • Unit Parking: 1 Car Garage

Utilities

  • Solid Waste: 1

Lot Info

  • Parcel Number: 490712119036000407
  • Acres: 1/4-1/2 Acre
  • Lot Information: Access Street,Corner,Sidewalks,Street Lights,Tree Mature
  • Lot Number: 54
  • Lot Size: 18,121

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 3696
  • Semi Annual Property Tax Amt: 1848
  • Tax Exemption: None

MLS Schools

  • School District: Lawrence Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2018
Closed on
May 28, 2019
Sold by
Est Cinotto John A and Est Margaret A Cinotto
Bought by
Houser Connor
Seller's Agent
Carl Culmann
Culmann Real Estate Group, LLC
Buyer's Agent
Rodney Heard
eXp Realty LLC
List Price
$135,000
Sold Price
$129,900
Premium/Discount to List
-$5,100
-3.78%
Current Estimated Value
$237,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,799
Avg. Annual Appreciation
10.17%
Original Mortgage
$116,910
Outstanding Balance
$102,792
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$146,433

Purchase Details

Closed on
Jul 15, 2015
Sold by
Cinotto Margaret Ann
Bought by
Cinotto John A and Cinotto Margaret Ann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Houser Connor $129,900 Meridian Title Corporation
Cinotto John A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Houser Connor $116,910
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2019 05/28/19 Sold $129,900 0.0% $153 / Sq Ft
02/01/2019 02/01/19 Pending -- -- --
01/03/2019 01/03/19 Price Changed $129,900 -3.8% $153 / Sq Ft
12/31/2018 12/31/18 For Sale $135,000 +3.9% $159 / Sq Ft
12/27/2018 12/27/18 Off Market $129,900 -- --
11/06/2018 11/06/18 Price Changed $135,000 -3.6% $159 / Sq Ft
10/01/2018 10/01/18 Price Changed $140,000 0.0% $165 / Sq Ft
10/01/2018 10/01/18 For Sale $140,000 -9.7% $165 / Sq Ft
09/01/2018 09/01/18 For Sale $155,000 0.0% $182 / Sq Ft
06/30/2018 06/30/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $155,000 -- $182 / 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
2024 $2,841 $218,500 $25,700 $192,800
2023 $2,841 $218,800 $25,700 $193,100
2022 $2,682 $204,500 $25,700 $178,800
2021 $2,554 $190,400 $25,700 $164,700
2020 $2,503 $183,800 $21,500 $162,300
2019 $2,159 $174,300 $21,500 $152,800
2018 $3,709 $174,300 $21,500 $152,800
2017 $3,786 $177,600 $21,500 $156,100
2016 $3,164 $153,900 $21,500 $132,400
2014 $2,986 $149,300 $21,500 $127,800
2013 $2,904 $149,300 $21,500 $127,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21577728

MIBOR Broker Listing Cooperative®

APN: 49-07-12-119-036.000-407

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