NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
61,158 Sq Ft

Last Sold March 07, 2022

Last sale price $3,000,000

About This Home

As of March 2022

PROPERTY WAS BUILT IN 1962 AND SITS ON 1.40 ACRES. IT CONSISTS OF THREE 2-STORY AND CONTINUOUS BUILDINGS WITH AN ESTIMATED 11 UNITS EACH FOR A TOTAL OF 33 UNITS. 31- 2 BR/1-BA AND TWO 3 BR/1BA. LOCATED 5.37 MILES FROM THE CITY CENTER AND IS 5.08 MILES FROM LUCAS OIL STADIUM. IT IS APPROXIMATELY 1.07 MILES FROM THE E WASHINGTON ROAD WHICH IS A MAIN ARTERY IN AND OUT OF THE CITY AND ALSO CONTAINS THE RED/BLUE MASS TRANSIT LINE. UNITS ARE INDIVIDUALLY METERED FOR ELECTRIC AND WERE FULLY RENOVATED IN 2019. ROOF WAS REFURBISHED IN 2016. BACK-FLOW SYSTEM WAS INSTALLED IN 2022. PROPERTY IS PROFESSIONALLY MANAGED AND UNDER NEW OWNERSHIP.

Last Agent to Sell the Property

Non-BLC Member

MIBOR REALTOR® Association Listed on: 01/14/2022

Last Buyer's Agent

Mark Harris

CENTURY 21 Scheetz

CENTURY 21 Scheetz

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,748

Year Built

  • Built in 1962

Lot Details

  • 1.4

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Additional Features

  • 3-Story Property
  • 1.4 Acre Lot
  • Suburban Location

Community Details

  • Pleasant Run Eminence Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, all utilities
  • The owner pays for alarmsec, inshazard, insurance, lawncare, taxes, trash collection
  • Assessor Parcel Number 490735104045000701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,748

Year Built

Built in 1962

Lot Details

1.4 Acres

Listing Details

  • Property Sub Type: Commercial Units - 5+
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1962
  • Lot Size Acres: 1.404
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Apartment Building
  • Subdivision Name: PLEASANT RUN EMINENCE
  • Inspection Warranties: General
  • Transaction Type: Exchange,Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Three Or More
  • Owner Pays: AlarmSec, InsHazard, Insurance, Insurance, Lawncare, Taxes, Trash Collection
  • Sq Ft Main Upper: 0
  • Gross Area Sq Ft: 36000
  • Laundry: Common

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Road Access: CityStreet
  • Roof: NEW 2016

Garage/Parking

  • Unit Parking: Parking Lot

Utilities

  • Solid Waste: 0

Lot Info

  • Property Attached Yn: No
  • Current Use: Apt>20
  • Parcel Number: 490735104045000701
  • Acres: 1-3 Acres
  • Lot Information: Suburban
  • Lot Number: 28
  • Lot Size: 61,158

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, All Utilities

Multi Family

  • Net Operating Income: 287402

Tax Info

  • Tax Annual Amount: 10748
  • Semi Annual Property Tax Amt: 5374
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2022 03/07/22 Sold $3,000,000 0.0% --
03/07/2022 03/07/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $3,000,000 -- --
Source: MIBOR Broker Listing Cooperative®

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 $23,567 $1,142,400 $84,800 $1,057,600
2023 $23,567 $971,600 $84,800 $886,800
2022 $12,701 $516,600 $84,800 $431,800
2021 $12,146 $464,100 $77,100 $387,000
2020 $11,218 $464,100 $77,100 $387,000
2019 $11,011 $447,200 $77,100 $370,100
2018 $10,383 $326,300 $77,100 $249,200
2017 $7,010 $310,400 $77,100 $233,300
2016 $6,613 $297,300 $77,100 $220,200
2014 $6,404 $296,200 $77,100 $219,100
2013 $7,323 $296,100 $77,000 $219,100
Source: Public Records

Agents Affiliated with this Home

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 21833786

MIBOR Broker Listing Cooperative®
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