NOT LISTED FOR SALE

7935 E 56th St Indianapolis, IN 46226

Estimated Value: $196,000 - $389,000

Studio
2 Baths
2,270 Sq Ft
$142/Sq Ft Est. Value

Last Sold December 07, 2022

Last sale price $280,000 $123 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,175/month

177 Days on Market

About This Home

As of December 2022

Great investment property. 2 units, separate entrance for each unit. One unit has 3 bedrooms 2 baths, second unit has 2 bedrooms one bath and the. Great income potential or you could live on one of the units and have the other 2 units pay for the mortgage. Very little cosmetic touch ups needed.

Last Agent to Sell the Property

Awett Tedla

F.C. Tucker Company Listed on: 03/02/2022

F.C. Tucker Company

Last Buyer's Agent

Awett Tedla

F.C. Tucker Company Listed on: 03/02/2022

F.C. Tucker Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,068

Year Built

  • Built in 1949

Lot Details

  • 1.55 Acre Lot

Home Design

  • Ranch Style House

Listing and Financial Details

  • Tenant pays for notapplic
  • The owner pays for notapplic
  • Assessor Parcel Number 490712124030000407

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,068

Year Built

Built in 1949

Lot Details

1.55 Acres

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1949
  • Lot Size Acres: 1.55
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Inspection Mechanical
  • Transaction Type: Sale
  • Unit Count: 0
  • Conversion: 0
  • MBR_AttributionContact: awett@talktotucker.com
  • Special Features: None

Interior Features

  • Owner Pays: NotApplic
  • Sq Ft Main Upper: 0
  • Laundry: Other

Exterior Features

  • Construction Materials: Other
  • Disclosures: Not Applicable

Garage/Parking

  • Unit Parking: 2 Car Garage

Utilities

  • Solid Waste: 0

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 490712124030000407
  • Acres: 1-3 Acres
  • Lot Information: Not Applicable
  • Lot Number: 407
  • Lot Size: 67,518

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: NotApplic

Tax Info

  • Tax Annual Amount: 5068
  • Semi Annual Property Tax Amt: 2534
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Lawrence Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
Nov 28, 2022
Sold by
Homes By Awett Llc
Bought by
Bowles Charleston L
Seller's Agent
Awett Tedla
F.C. Tucker Company
Buyer's Agent
Awett Tedla
F.C. Tucker Company
List Price
$297,500
Sold Price
$280,000
Premium/Discount to List
-$17,500
-5.88%
Views
25
Current Estimated Value
$321,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,810
Avg. Annual Appreciation
4.33%
Original Mortgage
$274,928
Outstanding Balance
$266,274
Interest Rate
7.7%
Mortgage Type
FHA
Estimated Equity
$55,536

Purchase Details

Closed on
Mar 2, 2022
Sold by
M/E Renovations Llc
Bought by
Homes By Awett Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,200
Interest Rate
3.69%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 25, 2022
Sold by
Poindexter Billy G
Bought by
M/E Renovations Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,200
Interest Rate
3.69%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 18, 2022
Sold by
Poindexter Billy G
Bought by
M/E Renovations Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,200
Interest Rate
3.69%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 15, 2022
Sold by
Poindexter Billy G
Bought by
M/E Renovations Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,200
Interest Rate
3.69%
Mortgage Type
Construction
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
Bowles Charleston L $280,000 --
Homes By Awett Llc -- Schmitz David A
M/E Renovations Llc -- Schmitz David A
M/E Renovations Llc -- Schmitz David A
M/E Renovations Llc $185,000 Schmitz David A
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowles Charleston L $274,928
Previous Owner Homes By Awett Llc $187,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2022 12/07/22 Sold $280,000 0.0% $123 / Sq Ft
08/26/2022 08/26/22 Pending -- -- --
07/18/2022 07/18/22 Price Changed $280,000 -5.9% $123 / Sq Ft
06/15/2022 06/15/22 Price Changed $297,500 0.0% $131 / Sq Ft
06/15/2022 06/15/22 For Sale $297,500 -8.5% $131 / Sq Ft
03/02/2022 03/02/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $325,000 -- $143 / 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
2025 $6,002 $285,500 $70,500 $215,000
2024 $6,010 $275,600 $70,500 $205,100
2023 $6,010 $264,600 $70,500 $194,100
2022 $5,742 $250,400 $70,500 $179,900
2021 $5,479 $235,000 $70,500 $164,500
2020 $5,270 $223,400 $70,500 $152,900
2019 $4,861 $230,900 $70,500 $160,400
2018 $4,829 $229,400 $70,500 $158,900
2017 $4,777 $226,900 $70,500 $156,400
2016 $4,673 $222,000 $70,500 $151,500
2014 $4,406 $217,900 $70,500 $147,400
2013 $2,286 $217,900 $70,500 $147,400
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Awett Tedla

    F.C. Tucker Company

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21839134

MIBOR Broker Listing Cooperative®

APN: 49-07-12-124-030.000-407

Indiana Marion County Indianapolis 46226

7935 E 56th St, Indianapolis, IN

Not Listed for Sale

MultiFamily

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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.
Based on information submitted to the MLS GRID

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