1109 Longwell Pl Indianapolis, IN 46240

2 beds · 2 baths · 1,260 sq ft · Lot Size: 4,975 sq ft · Residential Condominium · Far Northside
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1109 Longwell Pl is in the Far Northside neighborhood of Indianapolis, IN. It is located in Marion County and ZIP code 46240. This Residential Condominium was built in 1996 and is approximately 29 years old. The residential condominium spans 1260 sq ft with 2 bedrooms and 2 bathrooms and sits on a 4975 sq ft lot. According to public records, it was last sold in 2020 for $160,000. The Far Northside area of Indianapolis has 19 residential homes. Analyze and compare real estate investment strategies for properties like this home at 1109 Longwell Pl Indianapolis, IN 46240 with Property Intel by Whitepages.

Investment Potential for 1109 Longwell Pl

The property has a current estimated value of $171,615, which is 3% below the neighborhood median, based on public records. It last sold on September 25, 2020 for $160K. Projected long-term
is $19,800 annually ($1,650 per month) with a 89% occupancy rate.

Long-Term

Gross Rental
$19,800 per year($1,650 per month)
Net Operating Income
Cap Rate
Occupancy Rate
89%in 46240 zip code
 
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Owners & Occupancy for 1109 Longwell Pl

No contact information is available.

Occupancy

Resident 1**************** age 30
Resident 2**************

Property Details for 1109 Longwell Pl

Property Details

Property Sq Ft

Living Area

1,260 sq ft

Compare to Far Northside

Lot Size

4,975 sq ft

Compare to Far Northside

Price Per Sq Ft

Living Area

$136 / sq ft

Compare to Far Northside

Lot Size Area

$34 / sq ft

Compare to Far Northside
Property condition, age, exterior, etc. for 1109 Longw…
Longitude: -86.139979 Latitude: 39.925421 Parcel Number (APN): 49-03-13-110-001.000-800…
Mortgage originated on through lender: Mjw Fin'l Llc for$******View Mortgage Details
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Market Benchmarks

Compare data for 1109 Longwell Pl in Marion County to the median in the neighborhood area and surrounding markets, where available.
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Property
State
Difference
$171,615
$171,559
$56 (0%)
$284,005
-$44,680 (-16%)
YoY Price Change
3.35%
67%
Year Built
1996
1991
5 years
Living Space
1,260 sq ft
1,346 sq ft
-86 (-6%)
$ Per Living Sq Ft
$136
$128
$8 (6%)
Lot Size
4,975 sq ft
2,614 sq ft
2361 (90%)
$ Per Lot Sq Ft
$34
$60
-$26 (-43%)

Net Operating Income
$15,471
-$1,646 (-11%)
Annual Revenue
$19,800
$21,000
-$1,200 (-6%)
$5,148
$827 (16%)
Net Operating Income
$15,471
-$1,646 (-11%)
Cap Rate
8.3%
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians