NOT LISTED FOR SALE

7825 E 46th St Indianapolis, IN 46226

Estimated Value: $83,000 - $225,000

-- Bed
-- Bath
1,976 Sq Ft
$72/Sq Ft Est. Value

Last Sold January 30, 2024

Last sale price $72,000 $36 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $991/month

126 Days on Market

Highlights

  • Traditional Architecture
  • Handicap Accessible
  • Central Air

About This Home

As of January 2024

Looking to add a multi family unit to your portfolio? This triplex offers 3-1Br/1Bth apartments, currently fully occupied. Tenants pays $500 rent and their own heat/energy costs. Owner pays water & trash (one water meter for whole building). Yard space and parking pad available for tenant's use. Triplex is conveniently located near Lawrence Township schools, Interstate, shopping, dining, Fort Harrison State park and soon to be completed purple line bus route. There are some necessary structural repairs and cosmetic updates that will be required to bring it back to it's glory. Seller's price is reflective of that consideration. Come see all the potential this property has to offer.

Last Agent to Sell the Property

Karen Morales

Snyder Strategy Realty, Inc Brokerage Email: karen@snyderstrategy.net License #RB18000898 Listed on: 09/09/2023

Last Buyer's Agent

Karen Morales

Snyder Strategy Realty, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,882

Parking

  • Common or Shared Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Fixer Upper
  • Block Foundation

Interior Spaces

  • 1.5-Story Property
  • Crawl Space

Schools

  • Belzer Middle School
  • Lawrence Central High School

Utilities

  • Central Air
  • Dual Heating Fuel

Additional Features

  • Handicap Accessible
  • 6,882 Sq Ft Lot

Community Details

  • Lawrence Park Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance
  • The owner pays for ins hazard, insurance, taxes, sewer, trash collection, water
  • Tax Lot 49-07-13-108-047.000-407
  • Assessor Parcel Number 490713108047000407

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1930
  • Lot Size Acres: 0.16
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Triplex
  • Subdivision Name: Lawrence Park
  • Inspection Warranties: See Remarks
  • Transaction Type: Sale
  • Conversion: Yes
  • MBR_AttributionContact: karen@snyderstrategy.net
  • Attribution Contact: karen@snyderstrategy.net
  • Special Features: None

Interior Features

  • Basement: No
  • Basement Type: Crawl Space
  • Levels: One and One Half
  • Owner Pays: Ins Hazard, Insurance, Taxes, Sewer, Trash Collection, Water
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Mixed, Shingle
  • Construction Materials: Wood
  • Direction Faces: North
  • Exterior Features: Exterior Handicap Accessible
  • Fencing: Fence Full Rear, Front Yard, Gate
  • Foundation Details: Block, See Remarks
  • Property Condition: Fixer
  • Road Access: Frontage Road

Garage/Parking

  • Parking Features: Common, Gravel
  • Unit Parking: 2 Car Space,Unpaved

Utilities

  • Cooling: Central Electric
  • Heating: Dual
  • Solid Waste: Yes

Schools

  • Middle Or Junior School: Belzer Middle School

Lot Info

  • Lot Features: Access, Not In Subdivision, Variance
  • Property Attached Yn: Yes
  • Current Use: Residential
  • Lot Size Sq Ft: 6882
  • Parcel Number: 490713108047000407
  • Zoning: 4131821
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance

Tax Info

  • Tax Annual Amount: 2472
  • Tax Lot: 49-07-13-108-047.000-407
  • Semi Annual Property Tax Amt: 1236
  • Tax Exemption: None

MLS Schools

  • High School: Lawrence Central High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2023
Closed on
Jan 29, 2024
Sold by
Babcock Steve
Bought by
Bsd Re Consulting Llc
Seller's Agent
Karen Morales
Snyder Strategy Realty, Inc
Buyer's Agent
Karen Morales
Snyder Strategy Realty, Inc
List Price
$107,500
Sold Price
$72,000
Premium/Discount to List
-$35,500
-33.02%
Views
30
Current Estimated Value
$143,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,000
Avg. Annual Appreciation
43.50%
Source: Public Records

Range of Values:

--
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
Bsd Re Consulting Llc $72,000 First American Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2024 01/30/24 Sold $72,000 -20.0% $36 / Sq Ft
01/15/2024 01/15/24 Price Changed $90,000 -16.3% $46 / Sq Ft
01/14/2024 01/14/24 Pending -- -- --
01/11/2024 01/11/24 For Sale $107,500 +49.3% $54 / Sq Ft
09/22/2023 09/22/23 Off Market $72,000 -- --
09/15/2023 09/15/23 Pending -- -- --
09/09/2023 09/09/23 For Sale $107,500 -- $54 / 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 $2,909 $137,000 $11,500 $125,500
2023 $2,909 $129,500 $11,500 $118,000
2022 $2,798 $123,400 $11,500 $111,900
2021 $2,559 $111,200 $11,500 $99,700
2020 $1,788 $75,900 $6,700 $69,200
2019 $1,475 $69,700 $6,700 $63,000
2018 $1,446 $68,400 $6,700 $61,700
2017 $1,439 $68,200 $6,700 $61,500
2016 $1,400 $66,400 $6,700 $59,700
2014 $1,288 $64,400 $6,700 $57,700
2013 $1,848 $94,800 $6,700 $88,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21942608

MIBOR Broker Listing Cooperative®

APN: 49-07-13-108-047.000-407