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(SOLD) $175,000

355 S Vine Street Indianapolis, IN  46241

  • 3 Beds
  • 2 Baths
  • 1,540 sq. Ft

Property Description for 355 S Vine Street Indianapolis, IN 46241

Welcome to your lucrative investment opportunity in Indianapolis! This charming single-family ranch home, located on the west side of town, features 3 bedrooms and 1.5 bathrooms and 980 sq ft of living space. In addition, it boasts an updated 560sq ft studio ADU generating $700/mo in income, with the tenant covering all utilities. Live comfortably in the updated main house while letting the rear unit significantly offset your mortgage, or maximize rental income potential by leasing both units, possibly exceeding the 1% rule. Conveniently situated on a corner lot, this property offers easy access to key destinations, including the airport, the Indy 500, and downtown Indianapolis-all within a 10-minute drive. The main home is move-in ready, featuring updates like laminate flooring and new paint. The ADU has also been updated within the past few years. Ample parking is provided with a large gravel parking area on the side of the property, accommodating multiple vehicles. Whether you're an owner-occupant looking for added income or an investor seeking a promising rental property, this versatile opportunity awaits!
QuickBuy option for home selling

Address:355 S Vine Street Indianapolis IN 46241
Status:Sold
Sold On: 6/14/2024
Price:$170,000
Bedrooms:3 Beds
Bathrooms:1 Full Baths, 1 Half Baths
Sq. Feet:1,540
Year Built:1950
Lot Size:0.16
County: Marion
Township: Wayne
MLS #:21979192
Property Type:Single Family Residence

Lot Dimensions:6882
Lot Features:Corner Lot
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :1,540
Total Sq. Ft. :1,540

Loan Price
$1,396
Price And Interest $913/month
Property Tax $410/month
MTG INS $0/month
HOME INS $73/month
Price
$175,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$410/month
Home Owner Insurance
$876 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Kitchen 8x10 Main
Primary Bedroom 12x10 Main
Bedroom 2 11x10 Main
Bedroom 3 10X26 Main
Dining Room 14x12 Main
Living Room 12x12 Main

Semi-Annual Property Tax:$2,460
Tax Year:2023
Mandatory HOA Fee:$

Area: 4909 - Marion - Wayne
City:Indianapolis
Subdivision: Westridge
Zip Code:46241

Total Sq. Ft.:1,540
Interior Features:Eat-in Kitchen
Eating Area(s):Dining Combo/Kitchen
Appliances:Gas Water Heater, Electric Oven, Refrigerator
Equipment:Not Applicable
Exterior Type:Aluminum Siding
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Gas Water Heater, Electric Oven, Refrigerator
Total Rooms:7
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Peter Stewart with Keller Williams Indpls Metro N from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 05/13/2024 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

109
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 $20,825.47. 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 $269,000.00 and the average price per square feet is $156.25 per square feet. At the moment, the amount of homes listed is exactly 13891 houses, with 2412 with active status, 1216 with pending status and 10263 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 $3,194.02. 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 68 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 1639 minutes ago.

At the moment we have 105 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 $45,900.00 . 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 2112.74 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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