See Home Value
$450,000*
House - Off Market

365 E Morris Street

Indianapolis, IN 46225
bedrooms
5 Beds
bathrooms
5.5 Baths, 1 Half Bath
square feet
2800 Sqft
$405,000 - $495,000
Reference Base Price*
0.00%
Since Dec 1, 2023
National-US
Primary Model
Sold Mar 02, 2020
$310,500
$446,000 by Hendricks County Bank And Trus
Mortgage Due May 15, 2041
Sold Mar 17, 2017
$75,000
$137,500 by Dcm Investments Llc
Mortgage Due Mar 09, 2018

About This Property

Calling all forward-thinking investors seeking an enriched urban experience! Find your ideal scenario with this exceptional opportunity for shared residence and investment. Occupy one unit while the other effortlessly offsets your mortgage, presenting a winning equation for those astute in real estate. Every convenience is just a step away. Pedestrian friendly streets, bike pathways, and the vibrant energy of Indianapolis' downtown events. Imagine possessing a home that not only offers a sanctuary but also provides a pathway to financial growth through well-planned rental opportunities. Lay the groundwork for your future now - welcome to your ultimate entrance into homeownership and investment success. Your dream home awaits!

The manager has listed the unit size as 2800 square feet.
Unit Size
2,800Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$161
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1900

Price History

Date / Event Date Event Price
Nov 10, 2023 No longer available -
No longer available
Sep 3, 2023 Price Increased $450,000
↑ $3K (0.6%)
Price Increased
Jul 24, 2023 Price Decreased $447,500
↓ $3K (0.6%)
Price Decreased
Jul 18, 2023 Price Decreased $450,000
↓ $3K (0.6%)
Price Decreased
Jul 10, 2023 Price Decreased $452,500
↓ $3K (0.6%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 704
  • Garage Type: Detached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,703
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,800
  • Gross Building Area: 2,800
  • Building Area: 2,096
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,096
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: VAJENS SUB OL108
  • Land Acres: 0.085
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: VAJENS SUB L58 OL108

Ownership

  • Current Owner : 2GO HOSPITALITY LLC
  • Previous Owner : TRANSCENDING PROPERTIES LLC
  • Owner Before Previous Owner: LKE ENTERPRISE LLC
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jan 30, 2024

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 356900

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2337-D5
  • District: 0001
  • Section: 130
  • Parcel: 49-11-13-200-006.000-101
  • Lot: 58
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7514
  • Longitude: -86.1516

    Address

  • Full Address: 365 E Morris St
  • Address - House Number: 365
  • Street Direction: E
  • Address - Street Name: Morris
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C010
  • 4-Digit Zip Code: 2506
  • Zip Code: 46225

Valuation

    Tax

  • Total Area: 2,800
  • Tax Year: 2022
  • Tax Amount: $4,109
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.1635
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 79
  • Final Value: 543,459
  • High Value: 632,356
  • Low Value: 454,561

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $531,000
  • First Open Lien Mortgage Lender: HENDRICKS COUNTY BANK AND TRUS
  • First Open Lien Mortgage Recording Date: Jun 04, 2021
  • First Open Lien Mortgage Loan Amount: $446,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 15, 2041
  • Second Open Lien Mortgage Lender: HENDRICKS COUNTY BANK AND TRUS
  • Second Open Lien Mortgage Recording Date: Feb 18, 2022
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $85,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $177,400
  • Market Land Value: $22,300
  • Market Improvement Value: $155,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $177,400
  • Assessed Land Value: $22,300
  • Assessed Improvements Value: $155,100

    Sales

  • Current Sale Contract Date: Feb 26, 2020
  • Current Sale Recording Date: Mar 02, 2020
  • Current Sale Transaction ID: 11748381899
  • Current Sale Price: $310,500
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: A202000022494
  • Previous Sale Recording Date: Mar 17, 2017
  • Previous Sale Contract Date: Mar 09, 2017
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: DCM INVESTMENTS LLC
  • First Mortgage Transaction Date: Mar 02, 2020
  • First Mortgage Loan Amount: $248,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: DCM INVESTMENTS LLC
  • Previous Mortgage Transaction Date: Mar 17, 2017
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $137,500
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 09, 2018



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
2 Beds
2 Baths
-
$481,000 Jan 7, 2004
$481,000 May 28, 2004
$553/mo
In Contract
House
4 Beds
2.5 Baths
2,160 ft²
$174/ft²
$375,000 Jun 9, 2023
-
-
House
3 Beds
3.5 Baths
2,510 ft²
$199/ft²
$499,000 May 10, 2023
-
-
House
3 Beds
2.5 Baths
2,649 ft²
$208/ft²
$549,990 Jan 13, 2023
-
-
House
3 Beds
3.5 Baths
1,972 ft²
$247/ft²
$487,000 Mar 15, 2023
-
-
In Contract
House
3 Beds
2 Baths
1,830 ft²
$216/ft²
$395,000 May 18, 2023
-
-
In Contract
House
3 Beds
2.5 Baths
1,480 ft²
$270/ft²
$399,000 Jun 1, 2023
-
-
Townhouse
3 Beds
2.5 Baths
1,810 ft²
$238/ft²
$429,900 May 18, 2023
-
-
Townhouse
3 Beds
2.5 Baths
1,810 ft²
$238/ft²
$429,900 May 18, 2023
-
-

About Near Southside


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Frequently Asked Questions

When was property at 365 East Morris Street built and last sold?
The property at 365 East Morris Street was built in 1900 and last sold on Feb 26, 2020 for $310,500.
How much is this home worth?
The estimated value of the home located at 365 East Morris Street is $464,600.
What are some comparable homes to 365 East Morris Street?
Homes that are comparable to 365 East Morris Street include a house property at 1245 Union Street, 1356 Barth Avenue, 417 East Morris Street.

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