NOT LISTED FOR SALE

1005 Broadway St Anderson, IN 46012

Estimated Value: $196,000 - $274,017

5 Beds
4 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold May 27, 2022

Last sale price $230,000

Est. 3% decrease in value since last sale

Current estimated payment $1,467/month

About This Home

As of May 2022

Great opportunity to invest in a quiet area close to Anderson University, parks, restaurants, and more. This 4 unit complex is completely wrapped in brick with 8 parking spaces available for tenants. The main level all belongs to the 1st unit with 2 spacious bedrooms, laundry room, fireplace in living room and a walkout patio. The 2nd, 3rd and 4th units are located on the 2nd floor with 1 bedroom and 1 bathroom a piece. They all have around 750 sq.ft. of space and many windows that allow for plenty of natural sunlight.

Last Agent to Sell the Property

Christopher Jarrett

Highgarden Real Estate Listed on: 04/16/2022

Highgarden Real Estate

Last Buyer's Agent

Clay Burris

Highgarden Real Estate

Highgarden Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,750

Year Built

  • Built in 1964

Lot Details

  • 10,019

Parking

  • 1 Car Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation

Additional Features

  • 2-Story Property
  • 10,019 Sq Ft Lot

Community Details

  • Meridian Ave North Anderson Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, sewer, trash collection, water
  • Assessor Parcel Number 481101402120000003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,750

Year Built

Built in 1964

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1964
  • Lot Size Acres: 0.23
  • Structure Type: Apartment Building
  • Subdivision Name: MERIDIAN AVE NORTH ANDERSON
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 4
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Gas, Sewer, Trash Collection, Water
  • Sq Ft Main Upper: 0
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 249500

Garage/Parking

  • Garage Spaces: 1
  • Unit Parking: 2 Car Garage,Parking Lot
  • Auto Parking: 8

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 0

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 481101402120000003
  • Acres: <1/4 Acre
  • Lot Information: Access Street,Corner
  • Lot Number: 41
  • Lot Size: 10,019

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2750
  • Semi Annual Property Tax Amt: 1375
  • Tax Exemption: None

MLS Schools

  • School District: Anderson Community
  • Schools: Edgewood Elementary,Highland Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2022
Closed on
May 26, 2022
Sold by
Wayne Welch Ricky and Wayne Valerie D
Bought by
K2m2 Holdings Llc
Seller's Agent
Christopher Jarrett
Highgarden Real Estate
Buyer's Agent
Clay Burris
Highgarden Real Estate
List Price
$249,500
Sold Price
$230,000
Premium/Discount to List
-$19,500
-7.82%
Current Estimated Value
$223,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,746
Avg. Annual Appreciation
-0.65%
Original Mortgage
$143,000
Outstanding Balance
$136,855
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$88,326

Purchase Details

Closed on
May 10, 2021
Sold by
Petty David R and Petty Connie
Bought by
Welch Ricky Wayne and Welch Valerie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
3.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
K2m2 Holdings Llc $230,000 Chicago Title
Welch Ricky Wayne -- Mvp National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open K2m2 Holdings Llc $143,000
Previous Owner Welch Ricky Wayne $127,500
Previous Owner Petty David T $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $230,000 -7.8% --
04/17/2022 04/17/22 Pending -- -- --
04/16/2022 04/16/22 For Sale $249,500 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $3,006 $135,000 $7,200 $127,800
2023 $3,026 $135,000 $7,300 $127,700
2022 $3,026 $135,000 $7,300 $127,700
2021 $2,739 $121,300 $9,200 $112,100
2020 $2,749 $121,300 $9,200 $112,100
2019 $2,604 $114,800 $9,200 $105,600
2018 $2,432 $105,000 $9,200 $95,800
2017 $2,094 $104,300 $9,200 $95,100
2016 $2,094 $104,300 $9,200 $95,100
2014 $2,076 $103,400 $9,200 $94,200
2013 $2,076 $103,400 $9,200 $94,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21849219

MIBOR Broker Listing Cooperative®

APN: 48-11-01-402-120.000-003