$45,000
SOLD FEB 6, 2018
3 Beds
3 Baths
1,440 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$31 Per Sq Ft

10% Below List Price

10 Days on Market

Highlights

  • Traditional Architecture
  • Ceiling Fan
  • Level Lot
  • Porch
  • Baseboard Heating
  • Carpet

About This Home

As of June 2022

Great Investment Opportunity! 3 Unit Property, fully occupied. Exceptionally Clean & Neat Condition with Many Updates! 2 Units on Main Level & 1 Unit on Upper Level. All units have updated kitchens w/ appliances, baths, replacement windows, flooring, & more. Units are total electric, 3 meters - tenants pay their own electric & cable. Owner pays water/sewer/trash. Unit 1 generates $100 weekly, Unit 2 generates $100 weekly, Unit 3 generates $175 bi-weekly. There is potential for 4th unit - 24x14 outbuilding is set up as an efficiency style unit and will require some TLC but does offer additional opportunity. Turn Key property ready for new owner!

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,076

Year Built

  • Built in 1910

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 55x140
  • Level Lot

Home Design

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

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Partially Finished Basement
  • Basement Cellar
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Outbuilding
  • Porch

Location

  • Suburban Location

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,076

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1910
  • Age: 108
  • 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 .23 A |
  • Parcel Number ID: 27-07-07-201-020.000-002
  • Platted: Yes
  • Amenities: Ceiling Fan, Cable Available, Cable Ready, Countertops-Laminate, Detector-Smoke, Porch Open, Water Heater Electric
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 90.18
  • Monthly Gross Income: 1246
  • Special Features: None

Interior Features

  • Total Sq Ft: 1440
  • Total Finished Sq Ft: 1440
  • Above Grade Finished Sq Ft: 1440
  • Price Per Sq Ft: 31.25
  • Basement: Yes
  • Basement Foundation: Cellar, Partial Basement, Unfinished
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1056
  • Number Of Ranges Ovens: 3

Exterior Features

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

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 4
  • Parking: Gravel

Utilities

  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Water Company: Marion Utilities
  • Cable Company: Brighthouse Networks
  • Number Electric Meters: 3
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 55x140
  • Estimated Lot Sq Ft: 10019
  • Estimated Lot Size Acres: 0.23

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Maintenance, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Electric

Multi Family

  • Gross Monthly Rent: 1152
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 3
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1076

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 Kitch
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%
Current Estimated Value
$105,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,140
Avg. Annual Appreciation
4.63%
Original Mortgage
$73,920
Outstanding Balance
$67,764
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$38,544

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 Kitch
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
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $92,400 None Listed On Document
Warranty Deed -- None Available
Deed $45,000 --
Warranty Deed $45,000 Grant County Abstract
Warranty Deed -- None Available
Sheriffs Deed $27,089 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $73,920 New Conventional
Previous Owner $25,000 Commercial
Previous Owner $36,000 Stand Alone Refi Refinance Of Original Loan
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: 201800721

Indiana Regional MLS

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