NOT LISTED FOR SALE

940 E 40th St Indianapolis, IN 46205

Meridian Kessler Neighborhood

Estimated Value: $255,000 - $306,000

2 Beds
2 Baths
1,600 Sq Ft
$177/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

Year Built

  • 1918

Lot Details

  • 5,227

Parking

  • Detached Garage

Additional Features

  • Formal Dining Room
  • Electric Water Heater

Community Details

  • Property managed by JWL

Listing and Financial Details

  • Security Deposit $995
  • $40 Application Fee
  • $3,194 Total Annual Tax

Home Details

Home Type

Single Family

Year Built

1918

Lot Details

5,227 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2024
Sold by
Bought by
Current Estimated Value
$283,609

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
$267,833
Interest Rate
6.84%
Mortgage Type
FHA
Estimated Equity
$15,776

Purchase Details

Closed on
Aug 30, 2021
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
May 4, 2018
Sold by
Bought by

Purchase Details

Closed on
Oct 20, 2017
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Jan 3, 2013
Sold by
Bought by

Purchase Details

Closed on
Aug 6, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 2008
Sold by
Bought by

Purchase Details

Closed on
Mar 22, 2007
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title
$281,000 First American Title
-- None Available
-- None Available
-- None Available
$122,500 --
$122,500 First American Title
-- None Available
-- --
-- None Available
-- Ctic Carmel
$50,653 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $271,418
Closed $271,418
Previous Owner $196,000
Previous Owner $90,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,768 $287,400 $31,500 $255,900
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.

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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

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® 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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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