NOT LISTED FOR SALE

940 E 40th St Indianapolis, IN 46205

Meridian Kessler Neighborhood

Estimated Value: $267,000 - $293,032

2 Beds
2 Baths
1,600 Sq Ft
$174/Sq Ft Est. Value

About This Home

As of February 2022

"Free brand new 42" flat screen TV if moved in by Feb 1st! Very nice, large 2 bedroom, 2 bath (possibly 3 bedroom) duplex for rent. Nice corner lot located on Winthrop and E 40th. Nice, full basement! All that old style charm mixed with a modern flair. Screened in front porch. Central heat and air. All electric! Priced right! Won't last long!

Last Agent to Rent the Property

Stephan Kline

Kline Properties, Inc. Listed on: 11/19/2021

Last Renter's Agent

Stephan Kline

Kline Properties, Inc. Listed on: 11/19/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,524

Year Built

  • 1918

Lot Details

  • 5,227

Parking

  • Detached Garage

Interior Spaces

  • Formal Dining Room

Community Details

  • Property managed by JWL

Listing and Financial Details

  • Security Deposit $995
  • $40 Application Fee

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,524

Year Built

1918

Lot Details

0

Parking

1

Rental Info

  • Lease Price: 995.00
  • Min Lease Req: 12
  • Security Deposit: 995
  • Smoking: 0
  • Application Fee: 40.00
  • Pet Rental Amount: 25.00
  • Security Deposit Refundable Y N: 1
  • Tenant Pays: Insurance, All Utilities

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Inspection Warranties: Not Applicable
  • Transaction Type: Lease
  • Architectural Style: TraditonalAmerican
  • Directions: From college turn east on 40th st. it is at the end house will be on the left. From 38th street turn north on Winthrop house will be on the right.
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • Subdivision Name: NO SUBDIVISION
  • Special Features: None
  • Year Built: 1918

Interior Features

  • Appliances: Electric Cooktop, Dryer, Gas Oven, Refrigerator, Washer
  • Has Basement: Full, Finished Walls
  • Fireplace Features: Living Room
  • Eating Area: Separate Room
  • Basement Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1000
  • Main Level Sq Ft: 1000
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Below Grade Sq Ft: 600
  • Pct Optional Level Finished: 25-50%
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Furnished: Unfurnished
  • Interior Amenities: Hardwood Floors
  • Other Equipment: Not Applicable
  • Owner Pays: Taxes, No Utilities

Exterior Features

  • Foundation Details: Brick
  • Association Maintained Building Exterior: 0
  • Construction Type: Aluminum Siding
  • Disclosures: Not Applicable

Garage/Parking

  • Fuel: Electric
  • Garage Parking Description: Detached
  • Garage Spaces: 1

Utilities

  • Cooling: Central Air, Other
  • Heating: Electronic Air Filter, See Remarks
  • Solid Waste: 1
  • Water Heater: Electric
  • Sewer: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Property Management Company: JWL
  • Pets Allowed: W/Approval

Lot Info

  • Acres: <1/4 Acre
  • Lot Information: Corner,Curbs,Sidewalks,Tree Mature
  • Lot Number: 216
  • Lot Size: 5,458

Green Features

  • Green Certification Y N: 0

Tax Info

  • Semi Annual Property Tax Amt: 1597
  • Tax Exemption: None
  • Tax Annual Amount: 3194
  • Tax Year: 2018

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2024
Sold by
Lantz James
Bought by
Roehm Jacob
Current Estimated Value
$277,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,418
Outstanding Balance
$270,958
Interest Rate
6.84%
Mortgage Type
FHA
Estimated Equity
$5,138

Purchase Details

Closed on
Aug 30, 2021
Sold by
Jwl Properties Llc
Bought by
Lantz James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2019
Sold by
Jwl Properties Llc
Bought by
Jwl Properties Llc

Purchase Details

Closed on
May 4, 2018
Sold by
Lantz James W
Bought by
Jwl Properties Llc

Purchase Details

Closed on
Oct 20, 2017
Sold by
Greg D
Bought by
James W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,750
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2016
Sold by
Morris Mark and Lange Sarah
Bought by
Crider Greg D

Purchase Details

Closed on
Apr 16, 2013
Sold by
Matemachani Sheriff and Matemachani Kelvin
Bought by
Reoco Inc

Purchase Details

Closed on
Jan 3, 2013
Sold by
Ackles Sheriff and Ackles Doris
Bought by
Lawrencia Llc

Purchase Details

Closed on
Aug 6, 2009
Sold by
Lange Sarah
Bought by
Morris Mark and Lange Sarah

Purchase Details

Closed on
Jan 28, 2008
Sold by
Household Finance Corp Iii
Bought by
Lange Sarah

Purchase Details

Closed on
Mar 22, 2007
Sold by
Shannon Mary Theresa and Acceptance Premier
Bought by
Household Finance Corp Iii
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
Roehm Jacob -- First American Title
Roehm Jacob $281,000 First American Title
Lantz James -- None Available
Jwl Properties Llc -- None Available
Jwl Properties Llc -- None Available
James W $122,500 --
Lantz James W $122,500 First American Title
Crider Greg D -- None Available
Reoco Inc -- --
Lawrencia Llc -- --
Morris Mark -- None Available
Lange Sarah -- Ctic Carmel
Household Finance Corp Iii $50,653 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roehm Jacob $271,418
Closed Roehm Jacob $271,418
Previous Owner Lantz James $196,000
Previous Owner Lantz James W $90,750
Previous Owner Lange Sarah $104,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2022 02/23/22 Rented -- -- --
01/27/2022 01/27/22 Under Contract -- -- --
11/19/2021 11/19/21 For Rent $995 -- --
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 $4,524 $184,700 $31,500 $153,200
2023 $4,524 $184,700 $31,500 $153,200
2022 $4,176 $193,200 $31,500 $161,700
2021 $3,772 $157,400 $9,200 $148,200
2020 $3,651 $151,700 $9,200 $142,500
2019 $3,478 $141,600 $9,200 $132,400
2018 $3,321 $133,800 $9,200 $124,600
2017 $2,003 $88,200 $9,200 $79,000
2016 $1,591 $70,500 $9,200 $61,300
2014 $1,548 $71,300 $9,200 $62,100
2013 $1,414 $170,100 $9,200 $160,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Landlord's Agent in 2022

    Stephan Kline

    Kline Properties, Inc.

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21825539

MIBOR Broker Listing Cooperative®

APN: 49-06-13-147-067.000-801

Indiana Marion County Indianapolis 46205 Meridian Kessler

940 E 40th St, Indianapolis, IN

This home is located at 940 E 40th St, Indianapolis, IN 46205 since 19 November 2021 and is currently priced at $277,677. This property was built in 1918. 940 E 40th St is a home located in Marion County with nearby schools including James Whitcomb Riley School 43, Arsenal Technical High School, and George Washington Community High School (9-12).

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.

Nearby Homes