Neighborhood
2840 Corey Dr, Indianapolis, IN 46227
4 beds · 1 bath · 2,080 sq ft · Lot: 13,634 sq ft · Single Family Home · Last Sold: $105K in 2009 · Built: 1968
Est. Value:
$239K
Est. Rent:
$2.4K/month

2840 Corey Dr Indianapolis, IN 46227

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4 beds · 1 bath · 2,080 sq ft · Lot Size: 13,634 sq ft · Single Family Home · Southport
Est. Property Value: $239,475

Owned for 15 - 25 YearsOwner Age 45 - 55

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2840 Corey Dr is in the Southport neighborhood of Indianapolis, IN. It is located in Marion County and ZIP code 46227. This Single Family Home was built in 1968 and is approximately 57 years old. The single family home spans 2080 sq ft with 4 bedrooms and 1 bathroom and sits on a 13634 sq ft lot. According to public records, it was last sold in 2009 for $104,750 and has a tax-assessed value of $223,600, which is $115 per sq ft. The Southport area of Indianapolis has 95 residential homes with an average size of 1890 sq ft. Analyze and compare real estate investment strategies for properties like this home at 2840 Corey Dr Indianapolis, IN 46227 with Property Intel by Whitepages.

Investment Potential for 2840 Corey Dr

The property has a current estimated value of $239,475, which is 9% above the neighborhood median, based on public records. It last sold on January 08, 2009 for $105K. Projected long-term
is $28,800 annually ($2,400 per month) with a 90% occupancy rate.

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Long-Term

Gross Rental
$28,800 per year($2,400 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
90%in 46227 zip code
 
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Owners & Occupancy for 2840 Corey Dr

This property is owned by Ryan K Boshears. Owner contact information includes 13 phone numbers and 5 email addresses.

Property Owners

OccupationSenior Accountant, First Internet Bank
Cell Phone(812) ***-****View Cell Phone
Residence****************
Landline(419) 224-8266
Distance from Property**********
Email Address**********@gmail.comView Email
View All Owner Info

Property Ownership Information

Purchase DateJanuary 08, 2009
Property Tax Amount$2,898 in 2023
Purchase Price$104,750

Occupancy

Current Occupancy*****View Occupancy
Resident 1******************** age 45
Resident 2**************** age 76
Resident 3*************** age 47
Resident 4****************** age 80
Resident 5**************** age 80

Property Details for 2840 Corey Dr

Property Details

Property Sq Ft

Living Area

2,080 sq ft

10% above market

Lot Size

13,634 sq ft

14% above market

Price Per Sq Ft

Living Area

$115 / sq ft

4% below market

Lot Size Area

$18 / sq ft

2% below market

Property condition, age, exterior, etc. for 2840 Corey…
Longitude: -86.115491 Latitude: 39.651138 Parcel Number (APN): 49-15-17-128-027.000-513…
Mortgage originated on through lender: Us Bk National Assn for$******View Mortgage Details
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Market Benchmarks

Compare data for 2840 Corey Dr in Marion County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$239,475
$307,814
-$68,339 (-22%)
$******
$430,225
-$128,297 (-30%)
YoY Price Change
****%
1.99%
-75%
Year Built
1968
1988
-20 years
Living Space
2,080 sq ft
2,408 sq ft
-328 (-14%)
$ Per Living Sq Ft
$115
$133
-$18 (-14%)
Lot Size
13,634 sq ft
15,450 sq ft
-1816 (-12%)
$ Per Lot Sq Ft
$18
$25
-$8 (-31%)

Net Operating Income
$*****
$23,840
-$3,545 (-15%)
Annual Revenue
$28,800
$32,400
-$3,600 (-11%)
$****
$8,306
$199 (2%)
Net Operating Income
$*****
$23,840
-$3,545 (-15%)
Cap Rate
****%
7.04%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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