8147 River Mist Ln Indianapolis, IN 46237

2 beds · 1 bath · 1,576 sq ft · Lot Size: 1,307 sq ft · Residential Condominium · South Franklin
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8147 River Mist Ln is in the South Franklin neighborhood of Indianapolis, IN. It is located in Marion County and ZIP code 46237. This Residential Condominium was built in 2003 and is approximately 22 years old. The residential condominium spans 1576 sq ft with 2 bedrooms and 1 bathroom and sits on a 1307 sq ft lot. According to public records, it was last sold in 2019 for $128,500. The South Franklin area of Indianapolis has 189 residential homes. Analyze and compare real estate investment strategies for properties like this home at 8147 River Mist Ln Indianapolis, IN 46237 with Property Intel by Whitepages.

Investment Potential for 8147 River Mist Ln

The property has a current estimated value of $157,484, which is 2% below the neighborhood median, based on public records. It last sold on August 26, 2019 for $129K. Projected long-term
is $21,600 annually ($1,800 per month) with a 94% occupancy rate.

Long-Term

Gross Rental
$21,600 per year($1,800 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 46237 zip code
 
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Owners & Occupancy for 8147 River Mist Ln

This property is owned by Patrick D Harmon. Owner contact information includes 10 phone numbers and 5 email addresses.

Property Owners

Cell Phone(317) ***-****
Residence****************
Landline(317) 859-8572+ 7 more
Distance from Property**********
Email Address****************@yahoo.com

Property Ownership Information

Purchase DateAugust 26, 2019
Property Tax Amount$1,463 in 2023
Purchase Price$128,500

Occupancy

Current Occupancy*****View Occupancy
Resident 1**************** age 53
Resident 2************ age 39

Property Details for 8147 River Mist Ln

Property Details

Property Sq Ft

Living Area

1,576 sq ft

Compare to South Franklin

Lot Size

1,307 sq ft

Compare to South Franklin

Price Per Sq Ft

Living Area

$100 / sq ft

Compare to South Franklin

Lot Size Area

$120 / sq ft

Compare to South Franklin
Property condition, age, exterior, etc. for 8147 River…
Longitude: -86.064278 Latitude: 39.64879 Parcel Number (APN): 49-15-22-112-140.000-300…
Mortgage originated on through lender: UNKNOWN for$*****View Mortgage Details
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Market Benchmarks

Compare data for 8147 River Mist Ln in Marion County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$157,484
$171,559
-$14,075 (-8%)
$284,005
-$25,491 (-9%)
YoY Price Change
3.35%
-61%
Year Built
2003
1991
12 years
Living Space
1,576 sq ft
1,346 sq ft
230 (17%)
$ Per Living Sq Ft
$100
$128
-$28 (-22%)
Lot Size
1,307 sq ft
2,614 sq ft
-1307 (-50%)
$ Per Lot Sq Ft
$120
$60
$60 (99%)

Net Operating Income
$15,471
$619 (4%)
Annual Revenue
$21,600
$21,000
$600 (3%)
$5,148
$362 (7%)
Net Operating Income
$15,471
$619 (4%)
Cap Rate
8.3%
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians