NOT LISTED FOR SALE

Indianapolis, IN 46226

Devington Neighborhood

Estimated Value: $127,000 - $134,000

-- Bed
-- Bath
840 Sq Ft
$155/Sq Ft Est. Value

Last Sold August 30, 2022

Last sale price $112,500 $134 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $814/month

6 Days on Market

About This Home

As of August 2022

TWO FULLY OCCUPIED DUPLEXES BEING SOLD TOGETHER FOR $225K. 3812-3814 N Grand Ave (BLC 21873669) and 3909-3911 N Grand Ave (BLC 21873762) Low maintenance brick buildings with hardwood floors and nice size rooms. All units are 2 bed/1 bath. Seller has had no tenant turnover. Buy now and start cash flowing immediately then, turn several units for an even better ROI (rent est. $650-675/mo) 3812-3814 has an extra empty lot (already included in parcel) CASH SALE. Photos are a few years old but same tenants. Under professional management. No showings prior to accepted offer. EM to be held by Listing Brokerage.

Last Agent to Sell the Property

christine caturano

United Real Estate Indpls Listed on: 07/27/2022

United Real Estate Indpls

Last Buyer's Agent

Osama Raja

Pristine Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,700

Year Built

  • Built in 1966

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Community Details

  • Maple Hill Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance
  • The owner pays for taxes, sewer, trash collection, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,700

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1966
  • Lot Size Acres: 0.23
  • Structure Type: Duplex
  • Subdivision Name: MAPLE HILL
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: Taxes, Sewer, Trash Collection, Water
  • Sq Ft Main Upper: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Construction Stage: Completed

Garage/Parking

  • Unit Parking: Unpaved

Utilities

  • Solid Waste: 1

Lot Info

  • Acres: <1/4 Acre
  • Lot Information: Access Street
  • Lot Number: 35
  • Lot Size: 50 X 200

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance

Tax Info

  • Tax Annual Amount: 1700
  • Semi Annual Property Tax Amt: 850
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2023
Sold by
Malik Mazhar Jamil
Bought by
Prime Rentals Llc
Current Estimated Value
$130,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Outstanding Balance
$91,705
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$38,817

Purchase Details

Listed on
Jul 27, 2022
Closed on
Sep 9, 2022
Sold by
Kevin Larson
Bought by
Malik Mazhar Jamil
Seller's Agent
christine caturano
United Real Estate Indpls
Buyer's Agent
Osama Raja
Pristine Realty, Inc
List Price
$225,000
Sold Price
$112,500
Premium/Discount to List
-$112,500
-50%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.81%
Original Mortgage
$91,000
Interest Rate
4.99%
Mortgage Type
Construction

Purchase Details

Listed on
May 29, 2018
Closed on
Jul 13, 2018
Sold by
Cutler Robert B
Bought by
Kevin Larson
Seller's Agent
Charlene Gaard
No Limit Real Estate, LLC
Buyer's Agent
Guido Casalini
US Investor Group, LLC
List Price
$55,000
Sold Price
$62,500
Premium/Discount to List
$7,500
13.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.29%
Original Mortgage
$46,875
Interest Rate
4.6%
Mortgage Type
New Conventional
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
Prime Rentals Llc -- None Listed On Document
Malik Mazhar Jamil -- Eagle Land Title
Kevin Larson $62,500 --
Larson Kevin $62,500 Meridian Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prime Rentals Llc $93,750
Previous Owner Malik Mazhar Jamil $91,000
Previous Owner Larson Kevin $46,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2022 08/30/22 Sold $112,500 -50.0% $134 / Sq Ft
08/03/2022 08/03/22 Pending -- -- --
07/27/2022 07/27/22 For Sale $225,000 +260.0% $268 / Sq Ft
07/16/2018 07/16/18 Sold $62,500 +13.6% $74 / Sq Ft View Prior Sale
05/29/2018 05/29/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $55,000 -- $65 / 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 $4,154 $165,700 $9,000 $156,700
2023 $4,154 $169,300 $9,000 $160,300
2022 $3,288 $133,500 $9,000 $124,500
2021 $1,834 $73,700 $9,000 $64,700
2020 $1,717 $68,500 $3,800 $64,700
2019 $1,942 $76,800 $3,800 $73,000
2018 $927 $33,600 $3,800 $29,800
2017 $733 $28,700 $3,800 $24,900
2016 $776 $31,500 $3,800 $27,700
2014 $623 $28,800 $3,800 $25,000
2013 $1,117 $28,800 $3,800 $25,000
Source: Public Records

Agents Affiliated with this Home

  • c

    Seller's Agent in 2022

    christine caturano

    United Real Estate Indpls

    Section Image

  • O

    Buyer's Agent in 2022

    Osama Raja

    Pristine Realty, Inc

    Section Image
  • Charlene Gaard

    Seller's Agent in 2018

    Charlene Gaard

    No Limit Real Estate, LLC

    (317) 440-2149

    6 in this area

    270 Total Sales

    Charlene Gaard
    Section Image

  • G

    Buyer's Agent in 2018

    Guido Casalini

    US Investor Group, LLC

  • V

    Buyer's Agent in 2018

    Vincent Casalini

    Dropped Members

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 21873762

MIBOR Broker Listing Cooperative®

APN: 49-07-15-117-049.000-401

Indiana Marion County Indianapolis 46226

Devington

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