NOT LISTED FOR SALE

Estimated Value: $172,000 - $468,000

2 Beds
1 Bath
-- Sq Ft
0.88 Acre Lot

Sale Details

Date Sold: October 31, 2016

Last sale price $215,000

Est. 44% increase in value since last sale

Current estimated payment $2,090 / mo

7 Days on Market

Highlights

  • 0.88 Acre Lot
  • Bungalow
  • 1-Story Property

About This Home

As of October 2016

Investment Opportunity! 8 individual houses, 7 of them are 642 sq. ft. with 2 bedrooms and 1 bath. The other is 512 sq. ft. with 1 bedroom and 1 bath. All have replacement windows, vinyl siding, newer roofs, baseboard heat and a storage building. Some of them have appliances and window air units that will remain. Each one also has its own water and sewer meter as well as electric meter. 3,500 per month income makes these 8 houses an excellent property for the investor.

Last Agent to Sell the Property

Jerry Lamb

Coldwell Banker Martin Miller Lamb License #RB14035661 Listed on: 09/07/2016

Coldwell Banker Martin Miller Lamb

Last Buyer's Agent

Arlene Marion

Coldwell Banker Martin Miller

Coldwell Banker Martin Miller

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,932

Year Built

  • Built in 1952

Lot Details

  • 0.88

Home Design

  • Bungalow
  • Vinyl Siding

Schools

  • North Vernon Elementary School
  • Jennings Co Middle School
  • Jennings Co High School

Additional Features

  • 1-Story Property
  • 38,333 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable tv electricity insurance insurance insurance sewer water
  • The owner pays for insurance taxes
  • Assessor Parcel Number 401203220028000004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,932

Year Built

Built in 1952

Lot Details

0.88 Acres

Listing Details

  • Property Sub Type: 5+Units Commercial
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2015
  • Year Built: 1952
  • Lot Size Acres: 0.88
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: FreeStand
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: Investment Opportunity! 8 individual houses, 7 of them are 642 sq. ft. with 2 bedrooms and 1 bath. The other is 512 sq. ft. with 1 bedroom and 1 bath. All have replacement windows, vinyl siding, newer roofs, baseboard heat and a storage building. Some of them have appliances and window air units that will remain. Each one also has its own water and sewer meter as well as electric meter. 3,500 per month income makes these 8 houses an excellent property for the investor.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: One
  • Owner Pays: Insurance,Taxes
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Other

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Gravel,Storage
  • Road Access: CityStreet

Garage/Parking

  • Unit Parking: 2 Car Space
  • Auto Surface: Gravel

Utilities

  • Solid Waste: 1

Schools

  • Middle Or Junior School: Jennings Co

Lot Info

  • Current Use: Residential
  • Parcel Number: 401203220028000004
  • Acres: 1/2-1 Acre
  • Lot Information: Access Street,Street Lights
  • Lot Number: N/A
  • Lot Size: 200x191

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV,Electricity,Insurance,Insurance,Insurance,Sewer,Water

Tax Info

  • Tax Annual Amount: 3932
  • Semi Annual Property Tax Amt: 1966
  • Tax Exemption: None

MLS Schools

  • Elementary School: North Vernon
  • High School: Jennings Co
  • School District: Jennings County Schools

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2016
Closed on
Oct 31, 2016
Sold by
Bought by
Seller's Agent
Jerry Lamb
Coldwell Banker Martin Miller Lamb
Buyer's Agent
Arlene Marion
Coldwell Banker Martin Miller
List Price
$239,500
Sold Price
$215,000
Premium/Discount to List
-$24,500
-10.23%
Current Estimated Value
$310,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,103
Avg. Annual Appreciation
3.80%
Original Mortgage
$215,000
Outstanding Balance
$129,484
Interest Rate
3.48%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$180,619
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $215,000
Previous Owner $197,851
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/31/2016 10/31/16 Sold $215,000 -10.2% --
09/15/2016 09/15/16 Pending -- -- --
09/07/2016 09/07/16 For Sale $239,500 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,652 $232,600 $32,000 $200,600
2024 $4,198 $209,900 $32,000 $177,900
2023 $4,166 $208,300 $32,000 $176,300
2022 $4,120 $206,000 $32,000 $174,000
2021 $3,840 $192,000 $32,000 $160,000
2020 $3,958 $197,900 $32,000 $165,900
2019 $4,072 $201,700 $32,000 $169,700
2018 $3,998 $197,400 $32,000 $165,400
2017 $3,979 $196,500 $32,000 $164,500
2016 $3,985 $196,800 $32,000 $164,800
2014 $3,915 $193,500 $32,000 $161,500
Source: Public Records

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21440638

MIBOR Broker Listing Cooperative®

APN: 40-12-03-220-028.000-004

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