NOT LISTED FOR SALE

Estimated Value: $485,000 - $686,000

6 Beds
-- Bath
1,485 Sq Ft
$393/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $565,000 $380 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,387/month

10 Days on Market

About This Home

As of March 2022

RARE opportunity to purchase a turnkey multifamily in Historic Ransom Place. This double is updated and well-maintained. Great long term investment property with two rental units, or make one side your home while renting out the other as a top-tier rental. Spacious bedrooms, tall ceilings, and lots of natural light. Upgraded fixtures, appliances, and finishes throughout both units. One side is complete with a fenced backyard, and the property boasts six off-street parking spaces! One side is leased and the other is ready to move in/lease (it has been operating as a successful Airbnb)! Walking distance to Cultural Trail, hospitals, IUPUI campus, Canal Walk, and other Downtown Indianapolis attractions! Inquire for lease and market rent rates.

Last Agent to Sell the Property

Ryan Rominger

Compass Indiana, LLC Listed on: 01/15/2022

Compass Indiana, LLC

Last Buyer's Agent

Ryan Rominger

Compass Indiana, LLC Listed on: 01/15/2022

Compass Indiana, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,304

Year Built

  • Built in 1900

Lot Details

  • 3,920

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Brick Foundation

Additional Features

  • 2-Story Property
  • 3,920 Sq Ft Lot

Community Details

  • Wm Y Wileys Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 491102160124000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,304

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: Craftsman, TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1900
  • Lot Size Acres: 0.09
  • Structure Type: Duplex
  • Subdivision Name: WM Y WILEYS
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Water
  • Sq Ft Main Upper: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Wood
  • Disclosures: Not Applicable
  • Foundation Details: Brick
  • List Price: 599000

Garage/Parking

  • Unit Parking: Guest Parking,On Street,Parking Lot,Other

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 7310

Lot Info

  • Parcel Number: 491102160124000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley
  • Lot Number: 60
  • Lot Size: 33 x 120 AC

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Net Operating Income: 45790
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2304
  • Semi Annual Property Tax Amt: 1152
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption,OtherTaxExemption/See Remarks

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2022
Closed on
Mar 21, 2022
Sold by
Aaron Kreutzjans
Bought by
Bha Llc
Seller's Agent
Ryan Rominger
Compass Indiana, LLC
Buyer's Agent
Ryan Rominger
Compass Indiana, LLC
List Price
$599,000
Sold Price
$565,000
Premium/Discount to List
-$34,000
-5.68%
Current Estimated Value
$583,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,877
Avg. Annual Appreciation
0.92%
Original Mortgage
$397,500
Outstanding Balance
$383,664
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$199,738

Purchase Details

Listed on
Jan 15, 2022
Closed on
Mar 4, 2022
Sold by
Aaron Kreutzjans
Bought by
Bha Llc
Seller's Agent
Ryan Rominger
Compass Indiana, LLC
Buyer's Agent
Ryan Rominger
Compass Indiana, LLC
List Price
$599,000
Sold Price
$565,000
Premium/Discount to List
-$34,000
-5.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Outstanding Balance
$383,664
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$199,738

Purchase Details

Listed on
Jul 28, 2014
Closed on
Nov 6, 2014
Sold by
Owens Ii Bennie L
Bought by
Kreutzjans Aaron and Kreutzjans James
Seller's Agent
Barbara Owens
Owens Realty
Buyer's Agent
Barbara Owens
Owens Realty
List Price
$219,900
Sold Price
$229,000
Premium/Discount to List
$9,100
4.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.11%
Original Mortgage
$206,100
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Bha Llc -- Hall Render Killian Heath & Ly
Bha Llc $565,000 Hall Render Killian Heath & Ly
Kreutzjans Aaron -- Absolute Title Services Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bha Llc $397,500
Closed Bha Llc $397,500
Previous Owner Kreutzjans Aaron $206,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2022 03/04/22 Sold $565,000 -5.7% $380 / Sq Ft
01/26/2022 01/26/22 Pending -- -- --
01/15/2022 01/15/22 For Sale $599,000 +161.6% $403 / Sq Ft
11/06/2014 11/06/14 Sold $229,000 0.0% $372 / Sq Ft
08/12/2014 08/12/14 Rented $1,300 -99.4% --
08/12/2014 08/12/14 Under Contract -- -- --
08/08/2014 08/08/14 Pending -- -- --
07/28/2014 07/28/14 For Sale $219,900 0.0% $357 / Sq Ft
07/28/2014 07/28/14 For Rent $1,200 -- --
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 $14,549 $601,900 $46,400 $555,500
2023 $14,549 $607,500 $46,400 $561,100
2022 $2,780 $409,800 $46,400 $363,400
2021 $2,520 $160,600 $28,000 $132,600
2020 $2,436 $156,600 $28,000 $128,600
2019 $2,433 $154,600 $28,000 $126,600
2018 $2,322 $147,900 $28,000 $119,900
2017 $1,975 $143,000 $28,000 $115,000
2016 $1,902 $142,400 $28,000 $114,400
2014 $1,791 $137,100 $28,000 $109,100
2013 $1,897 $137,100 $28,000 $109,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21833311

MIBOR Broker Listing Cooperative®

APN: 49-11-02-160-124.000-101