NOT LISTED FOR SALE

861 N Drexel Ave Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $140,000 - $149,000

3 Beds
1 Bath
-- Sq Ft
4,356 Sq Ft Lot

Last Sold August 28, 2018

Last sale price $72,500

Est. 99% increase in value since last sale

Current estimated payment $1,020/month

43 Days on Market

About This Home

As of August 2018

Exciting opportunity to own a large 3 bedroom duplex in Emerson Heights! Perfect for an owner occupant or an investor looking to be in an area to attract great tenants that will love the location! Great floor plan is open and inviting! Large garage helps make this a winner!

Last Agent to Sell the Property

Charlene Gaard

No Limit Real Estate, LLC License #RB14033327 Listed on: 05/29/2018

Last Buyer's Agent

Charlene Gaard

No Limit Real Estate, LLC License #RB14033327 Listed on: 05/29/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,306

Year Built

  • Built in 1936

Lot Details

  • 4,356

Home Design

  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 4,356 Sq Ft Lot

Community Details

  • Cross Trails Subdivision

Listing and Financial Details

  • Tenant pays for notapplic
  • The owner pays for notapplic
  • Assessor Parcel Number 491004120133000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,306

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Doub-Duplx, TradAmer
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1936
  • Lot Size Acres: 0.1
  • Subdivision Name: CROSS TRAILS
  • Inspection Warranties: Not Applicable
  • Property Description: Exciting opportunity to own a large 3 bedroom duplex in Emerson Heights! Perfect for an owner occupant or an investor looking to be in an area to attract great tenants that will love the location! Great floor plan is open and inviting! Large garage helps make this a winner!
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two, Basement
  • Owner Pays: NotApplic
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: ConnAll

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • List Price: 95000
  • Construction Stage: Completed

Garage/Parking

  • Unit Parking: On Street,1 Car Space

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Current Use: Residential
  • Parcel Number: 491004120133000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Access Street,Sidewalks
  • Lot Number: 128
  • Lot Size: 4356

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: NotApplic

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1306
  • Semi Annual Property Tax Amt: 653
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2022
Sold by
James Rasmussen
Bought by
Nomw Investments Group Llc
Current Estimated Value
$144,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$657,000
Outstanding Balance
$482,681
Interest Rate
3.39%
Mortgage Type
New Conventional
Estimated Equity
-$332,923

Purchase Details

Closed on
Mar 16, 2022
Sold by
James Rasmussen
Bought by
Nomw Investments Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$657,000
Outstanding Balance
$482,681
Interest Rate
3.39%
Mortgage Type
New Conventional
Estimated Equity
-$332,923

Purchase Details

Closed on
Oct 18, 2019
Sold by
Rickey Jon
Bought by
Rasmissen James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2018
Sold by
Rickey Jon
Bought by
Rickey Jon and Rasmussen James

Purchase Details

Listed on
May 29, 2018
Closed on
Aug 22, 2018
Bought by
Jon Rickey
Seller's Agent
Charlene Gaard
No Limit Real Estate, LLC
Buyer's Agent
Charlene Gaard
No Limit Real Estate, LLC
List Price
$95,000
Sold Price
$72,500
Premium/Discount to List
-$22,500
-23.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.90%
Original Mortgage
$75,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 23, 2015
Closed on
Jan 6, 2016
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Topstone Inv Ind 1 Llc
Seller's Agent
Hugh Blackwood
CENTURY 21 Scheetz
Buyer's Agent
Charlene Gaard
No Limit Real Estate, LLC
List Price
$24,900
Sold Price
$24,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.13%

Purchase Details

Closed on
Oct 23, 2015
Sold by
Longbrake Michael T and Longbrake Vonita
Bought by
Federal Home Loan Mortgage Corporation and Freddie Mac

Purchase Details

Closed on
Oct 16, 2007
Sold by
Vaughan Terry A
Bought by
Kroll Marc J

Purchase Details

Closed on
Jan 27, 2006
Sold by
Kroll Mare J
Bought by
Vaughan Terry A
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
Nomw Investments Group Llc -- New Title Company Name
Nomw Investments Group Llc -- New Title Company Name
Rasmissen James -- None Available
Rickey Jon -- None Available
Jon Rickey $72,500 --
Rickey Jon $72,500 Investors Title Service Inc.
Topstone Inv Ind 1 Llc -- Total Title
Federal Home Loan Mortgage Corporation $8,993 None Available
Kroll Marc J -- None Available
Vaughan Terry A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nomw Investments Group Llc $657,000
Closed Nomw Investments Group Llc $657,000
Previous Owner Rasmissen James $69,750
Previous Owner Rickey Jon $75,000
Previous Owner Topstone Inv Ind 1 Llc $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2018 08/28/18 Sold $72,500 -23.7% --
07/12/2018 07/12/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $95,000 +281.5% --
01/11/2016 01/11/16 Sold $24,900 0.0% --
12/26/2015 12/26/15 Off Market $24,900 -- --
11/23/2015 11/23/15 For Sale $24,900 -- --
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 $2,804 $134,100 $13,200 $120,900
2023 $2,804 $114,500 $13,200 $101,300
2022 $2,914 $119,800 $13,200 $106,600
2021 $2,357 $98,500 $13,200 $85,300
2020 $2,102 $87,200 $2,700 $84,500
2019 $1,889 $76,600 $2,700 $73,900
2018 $1,699 $68,000 $2,700 $65,300
2017 $1,383 $61,500 $2,700 $58,800
2016 $1,255 $56,800 $2,700 $54,100
2014 $1,315 $60,800 $2,700 $58,100
2013 $1,607 $72,100 $2,700 $69,400
Source: Public Records

Agents Affiliated with this Home

  • Charlene Gaard

    Seller's Agent in 2018

    Charlene Gaard

    No Limit Real Estate, LLC

    (317) 440-2149

    46 in this area

    282 Total Sales

    Charlene Gaard
    Section Image

  • H

    Seller's Agent in 2016

    Hugh Blackwood

    CENTURY 21 Scheetz

  • Jason Warner

    Seller Co-Listing Agent in 2016

    Jason Warner

    CENTURY 21 Scheetz

    33 Total Sales

    Jason Warner
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21570067

MIBOR Broker Listing Cooperative®

APN: 49-10-04-120-133.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

861 N Drexel Ave, Indianapolis, IN

This home is located at 861 N Drexel Ave, Indianapolis, IN 46201 since 29 May 2018 and is currently estimated at $144,500. This property was built in 1936. 861 N Drexel Ave is a home located in Marion County with nearby schools including Ralph Waldo Emerson School 58, Arlington Community Middle School, 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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