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(SOLD) $155,000

281 N Addison Street Indianapolis, IN  46222

Property Description for 281 N Addison Street Indianapolis, IN 46222

Great cash flow with this duplex in an area that is ripe for continued growth, between Stringtown and Central State on the Near West Side. The main level unit rents for $850/mo and offers 2 bedrooms plus a finished bonus room in the basement. It also features a tiled tub surround in the bathroom and a new central air unit. Both units have their own furnaces, fenced yards, and pay their own utilities. The upstairs unit is vacantwith a market rate of $850/mo, and is easy to show. It does not have central air. The main level unit has access to the 2 car detached garage. This property is being sold in as-is condition. Please show 281 1/2, but do not disturb the tenants at 281 until after an accepted offer.

Address:281 N Addison Street Indianapolis IN 46222
Status:Sold
Sold On: 12/4/2024
Price:$149,900
Bathrooms:0
Year Built:1882
Lot Size:0.12
County: Marion
Township: Wayne
MLS #:21989080
Property Type:Duplex

Lot Dimensions:5227
Road Frontage:City Street
Road Access:Frontage Road
Road Surface:Asphalt
Building Utilities:Sewer, Water
Directions:Take Washington Street west of Belmont to Addison. North on Addison to hom on the east side of the street.
Basement:Yes

Loan Price
$1,181
Price And Interest $809/month
Property Tax $307/month
MTG INS $0/month
HOME INS $65/month
Price
$155,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$307/month
Home Owner Insurance
$780 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$1,843
Tax Year:2023
Other Disclosures:As Is
Mandatory HOA Fee:$

Area: 4909 - Marion - Wayne
City:Indianapolis
Subdivision: West Park
Zip Code:46222

High School:George Washington High School
Elementary School:George Washington Carver School 87

Exterior Type:Wood
Cool:None, Central Electric
Heat:Dual, Forced Air, Gas
Jeremy Sandlin, REALTOR®/Broker, F. C. Tucker Company
Jeremy Sandlin
Phone (317) 441-4675
Additional Phone (317) 849-5050
F.C. Tucker Company
VISIT MY PROFILE

Listing provided courtesy of Jeremy Sandlin with F.C. Tucker Company from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 08/04/2024 12:00 AM. 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.





Indianapolis Market Report

130
Avg. DOM
$187.92
Avg. $ / Sq.Ft.
$ 389,000
Med. List Price

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $1,436.60. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Indianapolis are going Down. The average house price is $265,000.00 and the average price per square feet is $153.99 per square feet. At the moment, the amount of homes listed is exactly 9886 houses, with 2272 with active status, 1101 with pending status and 6513 sold in Indianapolis .

The most popular place to buy a home in Indianapolis is 4903 - Marion - Washington. 4903 - Marion - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Indianapolis .

The average amount of property taxes you would have to pay for a home in Indianapolis is $3,058.56. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Indianapolis are staying listed for an average of 69 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Indianapolis was 1420 minutes ago.

At the moment we have 90 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $7,750,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Indianapolis is $38,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Indianapolis in year 1827 and the newest built house is in year 2025.

The average size of properties in Indianapolis is 2103.24 sq.ft. , the biggest one being 13549 sq.ft. and the smaller being 252 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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