See Home Value
$90,000 - $100,000
House - Off Market

4111 E 13th Street

Indianapolis, IN 46201
bedrooms
3 Beds
bathrooms
2 Baths
square feet
748 Sqft
Sold Feb 08, 2024
$13,300,000
$10,000,000 by Corevest American Fin Lndr Llc
Mortgage Due Feb 08, 2054
Sold Dec 19, 2023
Transfer

About This Property

What a great opportunity! It is hard to beat this cashflow at this price! Two houses nestled on a single expansive open lot. This extraordinary property presents a rare chance to own not just one, but two distinct residences in Little Flower! 2 bedroom 1 bath house on a corner lot that has a basement for extra space. Long term tenant occupied with tenant paying $700 per month.  As a bonus there is a 2nd house on property who has been there is excess of 20 years and pays $405 per month. This is a great opportunity for a new owner to have superior cash flow after increasing rents.

The manager has listed the unit size as 748 square feet.
Unit Size
748Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$132
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1919

Price History

Date / Event Date Event Price
Dec 13, 2023 No longer available -
No longer available
Nov 12, 2023 In contract -
In contract
Nov 7, 2023 Price Decreased $99,000
↓ $11K (9.9%)
Price Decreased
Oct 23, 2023 Price Decreased $109,900
↓ $5K (4.4%)
Price Decreased
Oct 18, 2023 Price Decreased $114,900
↓ $5K (4.3%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1919
  • Effective Year Built: 1965
  • Building Count: 2
  • Total Rooms: 8
  • Bedroom Count: 3
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 352
  • Garage Type: Detached
  • Garage Square Area: 484
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,401
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 360
  • Total Building Area: 1,344
  • Gross Building Area: 1,344
  • Building Area: 992
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 992
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: GLASS WORKS ADD
  • Land Acres: 0.124
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: GLASS WORKS ADD L94

Ownership

  • Current Owner : WC HOME ACCESS OWNER OH 1 LLC
  • Previous Owner : WC HOME ACCESS OWNER PA LLC
  • Owner Before Previous Owner: ELEVATE TODAY CAPITAL LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 352500

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2338-D1
  • District: 0001
  • Section: 330
  • Parcel: 49-07-33-178-271.000-101
  • Lot: 94
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7843
  • Longitude: -86.0979

    Address

  • Full Address: 4111 E 13th St
  • Address - House Number: 4111
  • Street Direction: E
  • Address - Street Name: 13th
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C012
  • 4-Digit Zip Code: 1627
  • Zip Code: 46201

Valuation

    Tax

  • Total Area: 1,056
  • Tax Year: 2022
  • Tax Amount: $1,880
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.1635
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 79
  • Final Value: 96,211
  • High Value: 111,949
  • Low Value: 80,473

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $10,000,000
  • First Open Lien Mortgage Lender: COREVEST AMERICAN FIN LNDR LLC
  • First Open Lien Mortgage Recording Date: Feb 08, 2024
  • First Open Lien Mortgage Loan Amount: $10,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 08, 2054

    Market Valuation

  • Market Total Value: $78,500
  • Market Land Value: $13,100
  • Market Improvement Value: $65,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $78,500
  • Assessed Land Value: $13,100
  • Assessed Improvements Value: $65,400

    Sales

  • Current Sale Contract Date: Feb 01, 2024
  • Current Sale Recording Date: Feb 08, 2024
  • Current Sale Transaction ID: 11920871561
  • Current Sale Price: $13,300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 9822
  • Previous Sale Recording Date: Dec 19, 2023
  • Previous Sale Contract Date: Dec 12, 2023
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COREVEST AMERICAN FIN LNDR LLC
  • First Mortgage Transaction Date: Feb 08, 2024
  • First Mortgage Loan Amount: $10,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
1,000 ft²
$109/ft²
$108,900 Sep 6, 2023
-
-
House
3 Beds
1 Bath
1,050 ft²
$112/ft²
$117,900 Oct 2, 2023
-
-
House
2 Beds
1 Bath
776 ft²
$102/ft²
$79,500 Sep 5, 2023
-
-
House
2 Beds
1 Bath
918 ft²
$98/ft²
$89,900 Sep 18, 2023
-
-
House
2 Beds
1 Bath
1,056 ft²
$85/ft²
$90,000 Oct 8, 2023
-
-
Condo
2 Beds
2 Baths
611 ft²
$164/ft²
$100,000 Nov 9, 2023
-
-
House
2 Beds
1 Bath
1,430 ft²
$77/ft²
$110,000 Oct 31, 2023
-
-
House
4 Beds
2 Baths
1,680 ft²
$68/ft²
$115,000 Nov 4, 2023
-
-
Multifamily
Stu
-
-
$99,000 Nov 10, 2023
-
-

About Near Eastside


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Frequently Asked Questions

When was property at 4111 East 13th Street built and last sold?
The property at 4111 East 13th Street was built in 1919 and last sold on Feb 1, 2024 for $13,300,000.
How much is this home worth?
The estimated value of the home located at 4111 East 13th Street is $139,744.
What are some comparable homes to 4111 East 13th Street?
Homes that are comparable to 4111 East 13th Street include a house property at 954 North Olney Street, 4002 East 10th Street, 940 North Chester Avenue.

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