See Home Value
$49,520*
House - Off Market

423 North Forest Avenue

Indianapolis, IN 46201
bedrooms
2 Beds
bathrooms
1 Bath
square feet
970 Sqft
$40,000 - $50,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Dec 22, 2023
$285,551
$214,700 by Security Federal Savings Bank
Mortgage Due Jan 01, 2054
Sold Jul 06, 2020
$40,000

About This Property

GREAT FLIP FOR A SAVVY INVESTOR! Future homeowners will love this location nestled between popular neighborhoods like Woodruff, Arsenal Heights and St. Clair Place. This little pocket is heating up with a new build just a few doors down. New bike paths on New York and Michigan provide desirable City and Monon Trail access (7 minutes!) Plus, popular watering holes and coffeeshops in walking distance. The property is currently a 2 bed/1 bath with a detached garage. Along with modern cosmetic updates, we'd recommend adding a 2nd bath to max value! Similar flips in the area are selling $150k+ so plenty of upside on this one. Bring your offers!

The manager has listed the unit size as 970 square feet.
Unit Size
970Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$45
Property Type
House
Property Taxes
$512
HOA Dues
-
Year Built
1900

Price History

Date / Event Date Event Price
Dec 22, 2023 Sold to Meza Raquel E Casillas $285,551
Sold to Meza Raquel E Casillas
Oct 6, 2021 No longer available -
No longer available
Jun 2, 2020 In contract -
In contract
May 23, 2020 Listed $44,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 252
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,877
  • Lot Size Depth Feet: 1,110
  • Lot Size Frontage Feet: 350
  • Total Building Area: 970
  • Gross Building Area: 970
  • Building Area: 970
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 970
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: OGLE & HUBBARDS SUB FLETCHERS E ADD BLAK
  • Land Acres: 0.089
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: OGLE ET AL EAST PARK ADD L35

Ownership

  • Current Owner : CASILLAS MEZA RAQUEL E
  • Previous Owner : CODINA JAVIER A
  • Owner Before Previous Owner: ASHMANN PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 355000

Geography

  • Assessors Map Reference: 2338-B3
  • Parcel: 49-10-05-187-036.000-101
  • Lot: 35
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7734
  • Longitude: -86.1207

    Address

  • Full Address: 423 N Forest Ave
  • Address - House Number: 423
  • Street Direction: N
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C026
  • 4-Digit Zip Code: 3225
  • Zip Code: 46201

Valuation

    Tax

  • Total Area: 970
  • Tax Year: 2022
  • Tax Amount: $1,407
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2388
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 66
  • Final Value: 179,418
  • High Value: 222,273
  • Low Value: 136,564

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $214,700
  • First Open Lien Mortgage Lender: SECURITY FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Dec 22, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $214,700
  • 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: Jan 01, 2054

    Market Valuation

  • Market Total Value: $60,200
  • Market Land Value: $6,500
  • Market Improvement Value: $53,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $60,200
  • Assessed Land Value: $6,500
  • Assessed Improvements Value: $53,700

    Sales

  • Current Sale Contract Date: Dec 15, 2023
  • Current Sale Recording Date: Dec 22, 2023
  • Current Sale Transaction ID: 11918467537
  • Current Sale Price: $285,551
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 105756
  • Previous Sale Recording Date: Jul 06, 2020
  • Previous Sale Contract Date: Jun 30, 2020
  • Previous Sale Amount: $40,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SECURITY FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Dec 22, 2023
  • First Mortgage Loan Amount: $214,700
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2054

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Near Eastside


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Frequently Asked Questions

When was property at 423 North Forest Avenue built and last sold?
The property at 423 North Forest Avenue was built in 1900 and last sold on Dec 15, 2023 for $285,551.
How much is this home worth?
The estimated value of the home located at 423 North Forest Avenue is $50,311.
What are some comparable homes to 423 North Forest Avenue?
There are currently no comparable homes to 423 North Forest Avenue.

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