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Potential Flip OR Buy & Hold Investment Opportunity
Watch this Listing
Listing ID: 120587 
Status: Ended
451 North Emerson Avenue ~ Indianapolis, IN Single Family | Urban Residential
Current Bid: $117,500 
Number of Bids: 13 Bid History
High Bidder: Caitlin
Bidding Opens: Oct 11, 2020 5:15 PM
Bidding Ends: Oct 11, 2020 7:16 PM  (Central)
Starting Bid: $89,000
Contact: Mickey Russo
See Terms Below for Bidding Instructions
Contact Info Address Info Property Info Pictures Description Bidding History Questions Terms
Files Comparable Sales

Contact Information
Contact Type: Listing Agent
Contact Name: Mickey Russo
Agency Name: Russo Realty Group LLC
Contact Phone: (317) 268-8005
Showings: Call for Lock Box Code

Address Information
Street Address: 451 North Emerson Avenue
City: Indianapolis
County: Marion County
State/Province: IN
Postal/ZIP Code: 46219
Country: United States
Click for Expanded Google Map / Directions 

Property Information
Property Type: Single Family
Category: Urban Residential
Bedrooms: 5
Full Bathrooms: 2
Half Bathrooms: 0
Square Footage: 3,822 (Approximate)
Lot Size: 6,940 sqft
Basement: Basement - Partially Finished
Parking: 2 Car Garage
Year Built: 1920
Taxes: $2,047
MLS/FMLS ID: 21744080

Picture Gallery


HUGE POTENTIAL! This House is FULL of Space! Would be GREAT for a Growing Family or Starter Home! Could Also be a Great Investment Opportunity as a Flip or Buy & Hold. Full Basement that is ready to be finished! Basement has a full bathroom and fireplace! 2 Bedrooms on the Main level and 3 Bedrooms on Second Story. Formal Dining Room, and Kitchen has Breakfast Nook too! 2 car Detached Garage with Fenced in Backyard. Great Location! Just a few minutes to Downtown Indianapolis! This Home is a must see!

File NameDescriptionFile Size
ATT001_Comparative Market Analysis.pdf Comparative Market Analysis 636 KB
ATT002_Sample Purchase Agreement.pdf Sample Purchase Agreement 175 KB

Comparable Sales
AddressSales PriceSales DateURL / Link
5030 E Pleasant Run Parkway North Dr, Indianapolis, IN 46201$375,000 Oct 23, 2020 Click for More Info
737 North Bancroft Street, Indianapolis, IN 46201$250,000 Jul 06, 2020 Click for More Info
5110 E Pleasant Run Parkway North Dr, Indianapolis, IN 46219$242,000 Feb 13, 2020 Click for More Info
809 North Emerson Avenue, Indianapolis, IN 46219$232,500 Sep 29, 2020 Click for More Info
5111 E Pleasant Run Parkway South Dr, Indianapolis, IN 46219$225,000 May 01, 2020 Click for More Info

Bidding History
BidderBid AmountBid TimestampAuto-Bid
Caitlin$117,500 Sun - Oct 11, 2020 06:50:44 PM Auto-Bid
Keagan$116,500 Sun - Oct 11, 2020 07:14:36 PM
Caitlin$115,500 Sun - Oct 11, 2020 06:50:44 PM Auto-Bid
Keagan$115,000 Sun - Oct 11, 2020 07:09:23 PM
Caitlin$92,600 Sun - Oct 11, 2020 06:50:44 PM Auto-Bid
Keagan$92,100 Sun - Oct 11, 2020 07:06:40 PM
Caitlin$91,600 Sun - Oct 11, 2020 06:50:44 PM Auto-Bid
Keagan$91,100 Sun - Oct 11, 2020 07:04:47 PM
Caitlin$90,600 Sun - Oct 11, 2020 06:50:44 PM Auto-Bid
Keagan$90,100 Sun - Oct 11, 2020 07:03:35 PM
Caitlin$89,600 Sun - Oct 11, 2020 06:50:44 PM
Keagan$89,100 Sun - Oct 11, 2020 05:22:38 PM Auto-Bid
Keagan$89,000 Sun - Oct 11, 2020 05:22:38 PM

Question: Hello im trying to bid on this home but it will not let me ? Can i ask why
Answer: You will be able to bid once the Auction Begins this Sunday 10/11/2020 @6pm (est)

    This fee is added to the winning bid amount and is paid by the Buyer. High Bid + Buyer Premium = Selling Price.
  2. To bid on our property, you must be of legal age to enter into contract to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding.
  3. While auction is "active", all bids MUST be placed online.  Written offers will not be accepted.
  4. Winning bid is subject to seller approval.
  5. Buyers Agent commission of 3% is being offered.
  6. All bids are placed in US Dollars.
  7. If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.
  8. The bidding will be open and everyone will have access to the bid history during the auction.
  9. As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes.
  10. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
  11. The high bidder will be notified via email after the auction ends.
  12. Seller reserves the right to postpone or cancel this auction at any time for any reason.
  13. Sale is “as-is”, "where-is". Seller will not fix anything.
  14. Buyer WAIVES inspections and relies upon the condition of the Property based upon Buyer's own examination prior to the start of the auction.
  15. Within 18 hours of auction close, winning bidder will be asked to obtain loan pre-approval or show proof of funds and sign a sales contract at the winning bid amount and based on the terms described here.
  16. Closing will take place at seller's chosen title company within 30 days of signing the contract.
  17. When contract is signed, winning bidder will pay $1,000 earnest money to be held by the listing brokerage.
  18. To place a bid on this auction, you MUST provide a valid credit card which will be Pre-Authorized (not charged) in the amount of $500.  If the winning bidder fails to sign the sales contract and submit the required earnest money deposit within 18 hours of auction close, they will be charged a $500 non-refundable default fee.
  19. Winning bidder may, at their option and expense order a title examination and insurance.
  20. Seller will include the following personal property in the sale: None
  21. Seller will exclude the following real property from the sale: None
Buyer Premium: 5.0%
This fee is added to the winning bid amount and is paid by the Buyer. High Bid + Buyer Premium = Selling Price.

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