NOT LISTED FOR SALE

748 N Luett Ave Indianapolis, IN 46222

Fairfax Neighborhood

Estimated Value: $61,000 - $110,000

2 Beds
-- Bath
680 Sq Ft
$128/Sq Ft Est. Value

Last Sold May 26, 2017

Last sale price $38,000 $56 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $530/month

244 Days on Market

Highlights

  • 0.2 Acre Lot
  • 1-Story Property
  • Partially Fenced Property
  • Bungalow

About This Home

As of May 2017

Two separate SF homes on 2 separate parcels, but share a water meter and sewer line, so these will be sold together. Combined rents have been $950. 750 has fresh paint throughout and new carpet in the living room. Also has a bonus room that could be a 3rd bedroom. 748 has a tenant who is month to month and would be willing to stay. Great investment opportunity! 3 blocks from grade school; 1 bloc from the park; close to Main Street in Speedway. Newer roof on 750.

Last Agent to Sell the Property

Lejo Harmeson

Wall and Associates License #RB14021519 Listed on: 09/13/2016

Last Buyer's Agent

Dena Baker

Dena's Place Real Estate Servi

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $798

Year Built

  • Built in 1940

Lot Details

  • 8,712 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Bungalow
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Basement

Community Details

  • Fairfax Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 491105117305000901

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$798

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2015
  • Year Built: 1940
  • Lot Size Acres: 0.2
  • Structure Type: FreeStand
  • Subdivision Name: FAIRFAX
  • Inspection Warranties: Not Applicable
  • Property Description: Two separate SF homes on 2 separate parcels, but share a water meter and sewer line, so these will be sold together. Combined rents have been $950. 750 has fresh paint throughout and new carpet in the living room. Also has a bonus room that could be a 3rd bedroom. 748 has a tenant who is month to month and would be willing to stay. Great investment opportunity! 3 blocks from grade school; 1 bloc from the park; close to Main Street in Speedway. Newer roof on 750.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: One
  • Owner Pays: Sewer, Water
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Other

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Fence Partial
  • List Price: 46000

Garage/Parking

  • Unit Parking: On Street,Unpaved

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Parcel Number: 491105117305000901
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Access Street
  • Lot Number: 111-112
  • Lot Size: 9060

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 798
  • Semi Annual Property Tax Amt: 399
  • Tax Exemption: None

MLS Schools

  • School District: Wayne Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2016
Closed on
May 26, 2017
Bought by
Cabrera Augusto and Cabrera Olga
Seller's Agent
Lejo Harmeson
Wall and Associates
Buyer's Agent
Dena Baker
Dena's Place Real Estate Servi
List Price
$46,000
Sold Price
$38,000
Premium/Discount to List
-$8,000
-17.39%
Current Estimated Value
$86,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,742
Avg. Annual Appreciation
8.54%
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
Cabrera Augusto $38,000 --
Cabrera Augusto $38,000 Best Title Services
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2017 05/26/17 Sold $38,000 0.0% $56 / Sq Ft
04/10/2017 04/10/17 Off Market $38,000 -- --
03/20/2017 03/20/17 For Sale $46,000 +21.1% $68 / Sq Ft
02/20/2017 02/20/17 Off Market $38,000 -- --
10/19/2016 10/19/16 Price Changed $46,000 -6.1% $68 / Sq Ft
09/13/2016 09/13/16 For Sale $49,000 -- $72 / 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 $731 $29,600 $2,900 $26,700
2023 $731 $28,700 $2,900 $25,800
2022 $697 $27,400 $2,900 $24,500
2021 $483 $18,800 $2,900 $15,900
2020 $412 $15,700 $2,900 $12,800
2019 $393 $14,600 $2,900 $11,700
2018 $384 $14,100 $2,900 $11,200
2017 $346 $14,100 $2,900 $11,200
2016 $377 $15,900 $2,900 $13,000
2014 $352 $16,300 $2,900 $13,400
2013 $320 $21,900 $2,900 $19,000
Source: Public Records

Agents Affiliated with this Home

  • Lejo Harmeson

    Seller's Agent in 2017

    Lejo Harmeson

    Wall and Associates

    (800) 783-9255

    38 Total Sales

    Lejo Harmeson
    Section Image

  • D

    Buyer's Agent in 2017

    Dena Baker

    Dena's Place Real Estate Servi

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21442727

MIBOR Broker Listing Cooperative®

APN: 49-11-05-117-339.000-901

Indiana Marion County Indianapolis 46222 Fairfax

748 N Luett Ave, Indianapolis, IN

This home is located at 748 N Luett Ave, Indianapolis, IN 46222 since 13 September 2016 and is currently estimated at $86,742, approximately $127 per square foot. This property was built in 1940. 748 N Luett Ave is a home located in Marion County with nearby schools including The PATH School, George Washington Community High School No. 721, and Arsenal Technical High School.

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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