NOT LISTED FOR SALE

Estimated Value: $412,958 - $490,000

4 Beds
2 Baths
1,206 Sq Ft
$376/Sq Ft Est. Value

Last Sold May 23, 2022

Last sale price $417,500 $346 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,020/month

4 Days on Market

About This Home

As of May 2022

This 2 bedroom 1.5 bathroom was renovated with a full new kitchen ! The gorgeous redbrick duplex sits on the corner of 56th and Winthrop Ave just on the corner of the Meridian Kessler/Forrest Hills neighborhoods. The unit is exactly one mile from the main strip in Broad Ripple. The Monon trail runs directly adjacent to the property.

The unit has brand-new granite countertops, new cabinets, new kitchen appliances (including dishwasher), a tile backsplash, and new tile floors. The freshly painted unit has a tile shower/tub in the master bathroom with a half bath on the main floor. There is a dining room connected to the kitchen and a living room on the main floor. The master and guest bathrooms are upstairs. There is a basement for storage with a washer and dryer. The unit has air conditioning access to a one-car garage just outside the back door. There is a fenced-in portion of the back yard which is perfect for a pet!

The unit is open on June 1st and available on a first-come first served basis.

One year lease minimum
Renter pays utilities (Water, gas, and electric)
No smoking indoors
Parking available in garage and driveway
In-unit washer/dryer
In-unit air conditioning

Last Agent to Sell the Property

George Landrigan

GB Landrigan & Company Listed on: 04/21/2022

Last Buyer's Agent

Non-BLC Member

MIBOR REALTOR® Association

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,196

Year Built

  • Built in 1936

Lot Details

  • 4,687 Sq Ft Lot
  • Back Yard Fenced

Parking

  • 1 Car Garage
  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Basement

Community Details

  • Meridian Kessler Subdivision

Listing and Financial Details

  • Assessor Parcel Number 490612148006000801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,196

Year Built

Built in 1936

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1936
  • Lot Size Acres: 0.1076
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Duplex
  • Subdivision Name: MERIDIAN KESSLER
  • Inspection Warranties: General,Inspection Termite
  • Transaction Type: Sale
  • Website: www.gb.house/four
  • Unit Count: 2
  • Conversion: 0
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Levels: Two, Basement
  • Owner Pays: Other
  • Possible Use: Residential
  • Sq Ft Main Upper: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Gravel, Fence Full Rear
  • Foundation Details: Block
  • List Price: 375000
  • Road Access: CityStreet

Garage/Parking

  • Garage Spaces: 1
  • Unit Parking: 2 Car Garage

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Property Attached Yn: Yes
  • Current Use: Residential
  • Parcel Number: 490612148006000801
  • Acres: <1/4 Acre
  • Lot Information: Access Street,Corner,Curbs,Tree Mature
  • Lot Number: 63/64
  • Lot Size: 4,687

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Other

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4196
  • Semi Annual Property Tax Amt: 2098
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2022
Closed on
Jun 21, 2022
Sold by
James Stebbins Richard
Bought by
Townsend Jackson and Townsend Megan
Seller's Agent
George Landrigan
GB Landrigan & Company
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$375,000
Sold Price
$417,500
Premium/Discount to List
$42,500
11.33%
Current Estimated Value
$452,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,490
Avg. Annual Appreciation
1.46%
Original Mortgage
$417,500
Outstanding Balance
$400,094
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$37,493

Purchase Details

Listed on
Apr 21, 2022
Closed on
May 27, 2022
Sold by
Wallace Timothy J
Bought by
Stebbins Richard James
Seller's Agent
George Landrigan
GB Landrigan & Company
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$375,000
Sold Price
$417,500
Premium/Discount to List
$42,500
11.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,500
Outstanding Balance
$400,094
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$37,493

Purchase Details

Listed on
Apr 21, 2022
Closed on
May 23, 2022
Sold by
Wallace Timothy J
Bought by
Stebbins Richard James
Seller's Agent
George Landrigan
GB Landrigan & Company
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$375,000
Sold Price
$417,500
Premium/Discount to List
$42,500
11.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,500
Outstanding Balance
$400,094
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$37,493

Purchase Details

Listed on
Aug 6, 2013
Closed on
Sep 23, 2013
Sold by
Grannan Richard F
Bought by
Wallace Timothy J and Wallace Kirstin M
Seller's Agent
Diane Lacy
F.C. Tucker Company
Buyer's Agent
George Landrigan
GB Landrigan & Company
List Price
$206,900
Sold Price
$204,000
Premium/Discount to List
-$2,900
-1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.61%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Townsend Jackson -- Dominion Title Services
Stebbins Richard James -- Landquest Title
Stebbins Richard James $417,500 Landquest Title
Wallace Timothy J $204,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Townsend Jackson $417,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 Off Market $1,800 -- --
04/10/2025 04/10/25 For Rent $1,800 0.0% --
05/23/2022 05/23/22 Sold $417,500 +11.3% $346 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $375,000 +83.8% $311 / Sq Ft
09/23/2013 09/23/13 Sold $204,000 -1.4% $358 / Sq Ft
08/23/2013 08/23/13 Pending -- -- --
08/06/2013 08/06/13 For Sale $206,900 -- $363 / 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 $7,393 $424,300 $42,500 $381,800
2023 $7,393 $430,100 $42,500 $387,600
2022 $4,618 $286,000 $42,500 $243,500
2021 $4,197 $252,200 $27,800 $224,400
2020 $4,108 $246,300 $27,800 $218,500
2019 $4,136 $243,800 $27,800 $216,000
2018 $4,110 $240,500 $27,800 $212,700
2017 $3,603 $234,500 $27,800 $206,700
2016 $3,195 $215,800 $27,800 $188,000
2014 $1,973 $179,600 $27,800 $151,800
2013 $1,682 $160,200 $27,800 $132,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21846002

MIBOR Broker Listing Cooperative®

APN: 49-06-12-148-006.000-801