NOT LISTED FOR SALE

Estimated Value: $95,000 - $137,000

3 Beds
3 Baths
1,440 Sq Ft
$77/Sq Ft Est. Value

Last Sold June 28, 2022

Last sale price $92,400 $64 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $764/month

5 Days on Market

Highlights

  • Traditional Architecture
  • Baseboard Heating
  • Level Lot
  • Ceiling Fan
  • Efficiency Studio Dwelling Unit
  • Carpet

About This Home

As of June 2022

Fantastic Investment Opportunity! 3 Unit property with the potential for a 4th unit! All units have updated kitchens with appliances and updated - baths, replacement windows, vinyl plank flooring, carpet, paint, light fixtures and hardware. Roof replaced in 2019. The 3 units are currently occupied with leases in place for the remainder of the year. Apt 1 is located on the 2nd level and receives $525 per month, tenant pays utilities. Apt 2 is on the main level and generates $605 per month, owner pays utilities. Apt 3 is on the main level and receives $ 610 per month and owner pays utilities. All the units are total electric and there are 3 meter boxes. Owner pays water, sewage and trash for the entire property. The detached 336 sq ft garage had been used previously as an efficiency apartment. It is currently gutted and ready to be redone and provide more potential income.

Last Listed By

Kim Hollies

Howell Realty Group, LLC Listed on: 05/26/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,098

Year Built

  • Built in 1939

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 55 x 140
  • Level Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Partially Finished Basement
  • Crawl Space

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Schools

  • Riverview/Justice Elementary School
  • Mcculloch/Justice Middle School
  • Marion High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Cable TV Available

Additional Features

  • Efficiency Studio Dwelling Unit
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for electric, heating, sewer, trash collection, water
  • Assessor Parcel Number 27-07-07-201-020.000-002

Community Details

Overview

  • 2 Buildings
  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $2,916
  • Insurance Expense $1,279
  • Water Sewer Expense $948

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,098

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1939
  • Age: 83
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 16-13-3026.01; PT N W; SEC 7; .23A
  • Parcel Number ID: 27-07-07-201-020.000-002
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Cable Ready, Deck Open
  • Cross Street: 10th St
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 102.78
  • Monthly Gross Income: 1740
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 1776
  • Total Finished Sq Ft: 1440
  • Above Grade Finished Sq Ft: 1440
  • Above Grade Unfinished Sq Ft: 336
  • Price Per Sq Ft: 64.17
  • Basement Foundation: Crawl, Partially Finished, Unfinished
  • Flooring: Carpet, Laminate, Vinyl
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2
  • Outbuilding: Studio
  • Outbuilding Sq Ft: 336

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 3
  • Parking: Gravel

Utilities

  • Cooling: Window
  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Water Company: Marion Utilities
  • Annual Electric: 2916
  • Annual Insurance Expense: 1279
  • Annual Water Sewer Expense: 948
  • Number Electric Meters: 3
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Marion Community Schools
  • Elementary School: Riverview/Justice
  • Middle School: McCulloch/Justice
  • High School: Marion
  • Elementary School: Riverview/Justice

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 55 x 140
  • Estimated Lot Sq Ft: 10019
  • Estimated Lot Size Acres: 0.23

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Heating, Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 1740
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 3
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1098

MLS Schools

  • High School: Marion
  • Middle School: McCulloch/Justice
  • School District: Marion Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2022
Closed on
Jun 28, 2022
Sold by
Ellington Place Llc
Bought by
Rickey Properties Llc
Seller's Agent
Kim Hollies
Howell Realty Group, LLC
Buyer's Agent
Kari Hollingsworth
Point1 Realty
List Price
$89,900
Sold Price
$92,400
Premium/Discount to List
$2,500
2.78%
Total Days on Market
5
Current Estimated Value
$110,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,362
Avg. Annual Appreciation
6.45%
Original Mortgage
$73,920
Outstanding Balance
$67,764
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$42,998

Purchase Details

Listed on
Jan 5, 2020
Closed on
Feb 19, 2020
Sold by
Ckc Property Group Llc
Bought by
Ellington Place Llc
Seller's Agent
Joe Schroder
RE/MAX Realty One
Buyer's Agent
Kim Hollies
Howell Realty Group, LLC
List Price
$59,900
Sold Price
$57,900
Premium/Discount to List
-$2,000
-3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.90%
Original Mortgage
$25,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 6, 2018
Closed on
Feb 6, 2018
Sold by
Hardwick Kyle
Bought by
Ckc Llc
List Price
$49,900
Sold Price
$45,000
Premium/Discount to List
-$4,900
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.15%

Purchase Details

Closed on
Mar 14, 2013
Sold by
Mutualbank
Bought by
Hardwick Kyle

Purchase Details

Closed on
Feb 1, 2011
Sold by
Wallace Gregor and Wallace Sharon
Bought by
Mutual Bank

Range of Values:

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Average Value
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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
Rickey Properties Llc $92,400 None Listed On Document
Ellington Place Llc -- None Available
Ckc Llc $45,000 --
Ckc Property Group Llc $45,000 Grant County Abstract
Hardwick Kyle -- None Available
Mutual Bank $27,089 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rickey Properties Llc $73,920
Previous Owner Ellington Place Llc $25,000
Previous Owner Ckc Property Group Llc $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2022 06/28/22 Sold $92,400 +2.8% $64 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $89,900 +55.3% $62 / Sq Ft
02/19/2020 02/19/20 Sold $57,900 -3.3% $40 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
01/05/2020 01/05/20 For Sale $59,900 +33.1% $42 / Sq Ft
02/06/2018 02/06/18 Sold $45,000 -9.8% $31 / Sq Ft
01/16/2018 01/16/18 Pending -- -- --
01/06/2018 01/06/18 For Sale $49,900 -- $35 / Sq Ft
Source: Indiana Regional MLS

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 $1,730 $86,500 $7,500 $79,000
2023 $1,532 $76,600 $7,500 $69,100
2022 $1,318 $65,900 $6,800 $59,100
2021 $1,098 $54,900 $6,800 $48,100
2020 $1,064 $53,200 $6,800 $46,400
2019 $1,058 $52,900 $6,800 $46,100
2018 $1,032 $51,600 $6,800 $44,800
2017 $1,110 $55,500 $6,800 $48,700
2016 $1,076 $53,800 $6,800 $47,000
2014 $1,098 $54,900 $6,800 $48,100
2013 $1,098 $53,700 $6,800 $46,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202220367

Indiana Regional MLS

APN: 27-07-07-201-020.000-002