Sold

$150,000

4841 E Terrace Ave, Indianapolis, IN 46203

2beds

780sqft

Residential, Single Family Residence

Built in 1947

0.34 Acres Lot

$99,700 Zestimate^®

$192/sqft

$1,228 Estimated rent

Home value

$99,700

$76,000 - $126,000

$1,228/mo

Zestimate^® history

Owner options

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$1,228/mo

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$1,228/mo

Rent Zestimate^®

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$981/mo

Est. payment

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$981/mo

Est. payment

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What's special

MOTIVATED SELLER!Unique opportunity to own 3 contiguous lots for either an owner occupant or investor for income production. The 3 lots have a storage building, 2 bedroom/1 bath residential unit/Apartment and a large 2 bay mechanics garage (NOT ZONED COMMERCIAL). The mechanics garage is heated and cooled. There is a bathroom, office and large entry area. Both garage bays have oversized garage doors for servicing larger vehicles. While zoned residentially, the owner successfully worked out of this space for nearly 50 years servicing vehicles. The residential unit has a working kitchen and laundry, large bedroom with door to outside courtyard. There is a large patio connecting the residential unit to the storage building. Storage building currently being leased. Own and occupy all 3 buildings or own and lease all three. The potential for this unique property is vast.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 2

Primary bedroom

Features: Carpet
Level: Main
Area: 176 Square Feet
Dimensions: 16x11

Heating

Forced Air

Cooling

Has cooling: Yes

Appliances

Included: Electric Cooktop, Refrigerator
Laundry: Connections All

Features

Eat-in Kitchen
Has basement: No

Interior area

Total structure area: 780
Total interior livable area: 780 sqft

Property

Parking

Total spaces: 1
Parking features: Detached, Gravel, Garage Door Opener, Storage
Garage spaces: 1

Features

Levels: One
Stories: 1
Patio & porch: Patio

Lot

Size: 0.34 Acres

Details

Additional structures: Outbuilding, Storage
Additional parcels included: L43
Parcel number: 491016124026000101
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Residential, Single Family Residence

Materials

Wood Siding
Foundation: Slab

Condition

New construction: No
Year built: 1947

Utilities & green energy

Water: Municipal/City

Community & neighborhood

Location

Region: Indianapolis
Subdivision: Emerson Terrace

Price history

Date	Event	Price
10/29/2024	Sold	$150,000-21.1%$192/sqft
Source: MIBOR as distributed by MLS GRID #21958088 Report a problem
10/22/2024	Pending sale	$190,000$244/sqft
Source: MIBOR as distributed by MLS GRID #21958088 Report a problem
9/20/2024	Price change	$190,000-20.8%$244/sqft
Source: MIBOR as distributed by MLS GRID #21958088 Report a problem
6/24/2024	Price change	$240,000-4%$308/sqft
Source: MIBOR as distributed by MLS GRID #21958088 Report a problem
12/30/2023	Listed for sale	$250,000$321/sqft
Source: MIBOR as distributed by MLS GRID #21958088 Report a problem