NOT LISTED FOR SALE

Indianapolis, IN 46214

Chapel Hill-Ben Davis Neighborhood

Estimated Value: $191,000 - $212,000

2 Beds
-- Bath
728 Sq Ft
$277/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $185,000 $254 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,272/month

1 Day on Market

Highlights

  • Traditional Architecture
  • 1-Story Property
  • Forced Air Heating System
  • Ben Davis University High School Rated A

About This Home

As of February 2023

Great low maintenance investment opportunity. Brick duplex located on the west side of Indianapolis near 10th Street and Interstate 465. 100% occupied with both sides rented at monthly rental rates of $769 and $799. The interior was updated and renovated approximately 5 years ago with luxury vinyl plank flooring throughout. Tenants pay rent along with electricity and gas. Please contact agent for showings and do not disturb the tenants.

Last Agent to Sell the Property

Matthew Stephenson

Stephenson Realty LLC License #RB14024464 Listed on: 01/25/2023

Last Buyer's Agent

Jesus Cuevas

Carpenter, REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,284

Year Built

  • Built in 1930 | Remodeled

Lot Details

  • 0.29

Home Design

  • Duplex
  • Traditional Architecture

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • 1-Story Property
  • 0.29 Acre Lot

Community Details

  • Farleys Speedway Homeplace Subdivision
  • No Laundry Facilities

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for lawncare, sewer, insurance, taxes, trash collection, water
  • Legal Lot and Block L43 / Farleys Speedway Home Place
  • Assessor Parcel Number 490535120007000982

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,284

Year Built

Built in 1930 | Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1930
  • Lot Size Acres: 0.29
  • Road Surface Type: Asphalt
  • Structure Type: Duplex
  • Subdivision Name: Farleys Speedway Homeplace
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: stephensonrealty@gmail.com
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: Lawncare, Sewer, Insurance, Taxes, Trash Collection, Water
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Direction Faces: North
  • List Price: 175000
  • Property Condition: Updated/Remodeled
  • Waterfront: No
  • Road Access: Street Cuts

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Cooling: Window Unit(s)
  • Heating: Forced Air, Gas
  • Laundry Features: No Laundry Facil.
  • Solid Waste: Yes

Fee Information

  • Expenses: 720

Lot Info

  • Property Attached Yn: Yes
  • Current Use: Apt<20
  • Lot Size Sq Ft: 12632
  • Parcel Number: 490535120007000982
  • Zoning: D3

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 18816
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2284
  • Tax Block: Farleys Speedway Home Place
  • Tax Lot: L43
  • Semi Annual Property Tax Amt: 1142
  • Tax Exemption: Mortage Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2023
Closed on
Feb 22, 2023
Sold by
Brodnik Gregory and Brodnik Carrie
Bought by
Merida-Villatoro Randy
Seller's Agent
Matthew Stephenson
Stephenson Realty LLC
Buyer's Agent
Jesus Cuevas
Carpenter, REALTORS®
List Price
$175,000
Sold Price
$185,000
Premium/Discount to List
$10,000
5.71%
Views
27
Current Estimated Value
$201,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,688
Avg. Annual Appreciation
4.62%
Original Mortgage
$157,250
Outstanding Balance
$153,204
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$53,536

Purchase Details

Listed on
Jun 22, 2012
Closed on
Oct 12, 2012
Sold by
Dunnewind Lp
Bought by
Brodnik Carrie and Brodnik Gregory
Seller's Agent
Brenda Mingee
Carpenter, REALTORS®
Buyer's Agent
Darrell Powers
The Modglin Group
List Price
$75,000
Sold Price
$66,000
Premium/Discount to List
-$9,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$49,500
Interest Rate
3.53%
Mortgage Type
New Conventional
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
Merida-Villatoro Randy $185,000 --
Brodnik Carrie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merida-Villatoro Randy $157,250
Previous Owner Brodnik Gregory $65,800
Previous Owner Brodnik Carrie $49,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2023 02/24/23 Sold $185,000 +5.7% $254 / Sq Ft
01/27/2023 01/27/23 Pending -- -- --
01/25/2023 01/25/23 For Sale $175,000 +165.2% $240 / Sq Ft
08/30/2012 08/30/12 Sold $66,000 -12.0% $91 / Sq Ft
07/18/2012 07/18/12 Pending -- -- --
06/22/2012 06/22/12 For Sale $75,000 -- $103 / 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 $2,006 $174,400 $15,400 $159,000
2023 $2,006 $121,200 $15,400 $105,800
2022 $2,917 $121,200 $15,400 $105,800
2021 $2,418 $85,400 $15,400 $70,000
2020 $2,130 $74,800 $15,400 $59,400
2019 $2,046 $71,800 $15,400 $56,400
2018 $1,606 $63,400 $15,400 $48,000
2017 $1,617 $64,000 $15,400 $48,600
2016 $1,484 $58,400 $15,400 $43,000
2014 $1,072 $53,600 $15,400 $38,200
2013 $1,112 $55,000 $15,400 $39,600
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Matthew Stephenson

    Stephenson Realty LLC

    (317) 883-7737

    1 in this area

    13 Total Sales

    Section Image

  • J

    Buyer's Agent in 2023

    Jesus Cuevas

    Carpenter, REALTORS®

    Section Image

  • B

    Seller's Agent in 2012

    Brenda Mingee

    Carpenter, REALTORS®

    Section Image

  • D

    Buyer's Agent in 2012

    Darrell Powers

    The Modglin Group

    Section Image
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Source: MIBOR Broker Listing Cooperative®

MLS Number: 21902822

MIBOR Broker Listing Cooperative®

APN: 49-05-35-120-007.000-982

Indiana Marion County Indianapolis 46214

Chapel Hill-Ben Davis

This home since 25 January 2023 and is currently estimated at $201,688, approximately $277 per square foot. This property was built in 1930. This home is a home located in Marion County with nearby schools including Chapelwood Elementary School, Chapel Hill 7th & 8th Grade Center, and Ben Davis Ninth Grade Center.

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.

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