NOT LISTED FOR SALE

Estimated Value: $425,000 - $466,000

2 Beds
-- Bath
1,372 Sq Ft
$328/Sq Ft Est. Value

Last Sold January 25, 2019

Last sale price $257,000 $187 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,306/month

47 Days on Market

About This Home

As of January 2019

Attention investors! A fully renovated double is a rare find. Whether you want to live in one side and rent the other, rent both sides, or furnish it and host short term guests, this home has lots of possibilities and great income potential. Each side has 3 beds and 2 full baths and has been designed with the original character left in tact - beautiful refinished hardwood floors, original trim brought back to life, and brand new kitchens and baths to match the original character. The home also boasts all new mechanicals (ELEC, PLMB, HVAC) new roof, new windows, privacy fence, and parking pad. Located in the popular Bates Hendricks neighborhood, the property is minutes from downtown businesses and nightlife and walkable to Fountain Square.

Last Agent to Sell the Property

Travis Curtis

Highgarden Real Estate License #RB17001561 Listed on: 10/11/2018

Last Buyer's Agent

Ryan Boyd

Trueblood Real Estate

Trueblood Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,418

Year Built

  • Built in 1900

Lot Details

  • 4,530

Additional Features

  • 2-Story Property
  • 4,530 Sq Ft Lot
  • Basement

Community Details

  • Frederick Yeiser Guardians Add Subdivision

Listing and Financial Details

  • Tenant pays for cable tv electricity gas all utilities water
  • The owner pays for notapplic
  • Assessor Parcel Number 491113203096000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,418

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1900
  • Green Energy Efficient: Lighting,Doors,Windows,HVAC,Insulation,Windows,Roof,Water Heater
  • Lot Size Acres: 0.104
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Duplex
  • Subdivision Name: FREDERICK YEISER GUARDIANS ADD
  • Inspection Warranties: General,Warranty Homebuyers
  • Property Description: Attention investors! A fully renovated double is a rare find. Whether you want to live in one side and rent the other, rent both sides, or furnish it and host short term guests, this home has lots of possibilities and great income potential. Each side has 3 beds and 2 full baths and has been designed with the original character left in tact - beautiful refinished hardwood floors, original trim brought back to life, and brand new kitchens and baths to match the original character. The home also boasts all new mechanicals (ELEC, PLMB, HVAC) new roof, new windows, privacy fence, and parking pad. Located in the popular Bates Hendricks neighborhood, the property is minutes from downtown businesses and nightlife and walkable to Fountain Square.
  • Transaction Type: Sale
  • Open House Count: 0
  • Open House Public Count: 0
  • Unit Count: 2
  • Conversion: 0
  • Lifestyles: Double/Duplex
  • F H A Certified: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: NotApplic
  • Possible Use: Residential
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 2932
  • Laundry: Other

Exterior Features

  • Construction Materials: Wood Brick
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Asphalt,Fence Partial,Fence Privacy
  • Foundation Details: Block,Brick
  • List Price: 279000
  • Road Access: CityStreet
  • Interstate: Ramp<1Mi

Garage/Parking

  • Unit Parking: On Street,Paved Area
  • Auto Parking: 0
  • Auto Surface: 0
  • Parking Spacesper Unit: 0.0000

Utilities

  • Solid Waste: 1
  • HVAC: Less than a year old

Fee Information

  • Expenses: 19500
  • Insurance Expenses: 1200
  • Insurance Expenses S F: 0.3000

Lot Info

  • Property Attached Yn: No
  • Current Use: Residential
  • Parcel Number: 491113203096000101
  • Zoning: Residential
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Access Street,Busline,Curbs,Sidewalks
  • Lot Number: 59
  • Lot Size: 4,530

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas,All Utilities,Water

Multi Family

  • Net Operating Income: 9300
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1418
  • Semi Annual Property Tax Amt: 709
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools
  • Schools: James A Garfield School 31 Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2018
Closed on
Jan 25, 2019
Sold by
Rus & Rex Properties Llc
Bought by
Hancock Ross
Seller's Agent
Travis Curtis
Highgarden Real Estate
Buyer's Agent
Ryan Boyd
Trueblood Real Estate
List Price
$289,000
Sold Price
$257,000
Premium/Discount to List
-$32,000
-11.07%
Current Estimated Value
$449,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,891
Avg. Annual Appreciation
8.23%
Original Mortgage
$192,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2017
Sold by
Rt Morgan Properties
Bought by
Rus & Rex Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,500
Interest Rate
4.03%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Hancock Ross -- First American Title Insurance
Rus & Rex Properties Llc $90,000 --
Rus & Res Properties Llc -- Hocker And Associates
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hancock Ross $177,896
Closed Hancock Ross $192,750
Previous Owner Rus & Res Properties Llc $156,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2019 01/25/19 Sold $257,000 -7.9% $187 / Sq Ft
12/10/2018 12/10/18 Price Changed $279,000 0.0% $203 / Sq Ft
11/28/2018 11/28/18 Pending -- -- --
10/26/2018 10/26/18 Price Changed $279,000 -3.5% $203 / Sq Ft
10/11/2018 10/11/18 For Sale $289,000 -- $211 / 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 $10,257 $468,800 $21,800 $447,000
2023 $10,257 $426,600 $21,800 $404,800
2022 $9,878 $408,400 $21,800 $386,600
2021 $7,031 $299,000 $21,800 $277,200
2020 $6,132 $264,800 $21,800 $243,000
2019 $3,022 $128,000 $4,000 $124,000
2018 $2,790 $111,800 $4,000 $107,800
2017 $1,542 $66,800 $4,000 $62,800
2016 $1,242 $60,600 $4,000 $56,600
2014 $1,146 $53,000 $4,000 $49,000
2013 $1,102 $53,000 $4,000 $49,000
Source: Public Records

Agents Affiliated with this Home

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Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21598061

MIBOR Broker Listing Cooperative®

APN: 49-11-13-203-096.000-101