NOT LISTED FOR SALE

102 S Walnut St Mentone, IN 46539

Estimated Value: $201,000 - $222,000

4 Beds
3 Baths
2,496 Sq Ft
$84/Sq Ft Est. Value

Last Sold September 12, 2022

Last sale price $199,000 $80 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,335/month

14 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Vinyl Flooring
  • Eat-In Kitchen
  • Ceiling Fan

About This Home

As of September 2022

Amazing income opportunity available right in Mentone. This 2496 square foot home holds three apartments. Apartment #1 is a studio, equipped with a kitchenet and full bathroom. This apartment is on the main level of the home and close to the side street entrance. Apartment #2 is located in the upstairs half story of the home, access to the apartment is located on the side of the home by taking the staircase. This apartment has two bedrooms, full bathroom, kitchenette and washer & dryer hookups. Apartment #3 is located on the main level of the home, currently occupied by the owners of the home. This apartment has three bedroom, large walk in shower, full eat-in kitchen, washer and dryer as well as access to the large deck. Tenants are occupying apartment #1, #2 and property owners occupy #3. Leases are on a month-to-month period. An opportunity like this is unlikely to come along in Mentone again!

Last Agent to Sell the Property

Mariah Yochum

COLLINS and CO. REALTORS - CULVER Listed on: 07/29/2022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,019

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Corner Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2,496 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Vinyl Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone or Rock in Basement

Schools

  • Mentone Elementary School
  • Tippe Valley Middle School
  • Tippe Valley High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System

Listing and Financial Details

  • Homestead Exemption
  • Tenant pays for electric
  • The owner pays for maintenance
  • Assessor Parcel Number 43-13-02-100-004.000-036

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $240
  • Insurance Expense $1,000
  • Trash Expense $20
  • Water Sewer Expense $48

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,019

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1900
  • Age: 122
  • Style: One and Half Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 16-13-51 N 1/2 LOT 23 & 24 MENTONE LESS W 36' OF 24
  • Parcel Number ID: 43-13-02-100-004.000-036
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Fireplace, Deck Open, Eat-In Kitchen
  • Sp Lp Percent: 100
  • Monthly Gross Income: 2400
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 2496
  • Total Finished Sq Ft: 2496
  • Above Grade Finished Sq Ft: 2496
  • Price Per Sq Ft: 79.73
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Stone
  • Flooring: Vinyl
  • Number Of Microwaves: 3
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 240
  • Annual Insurance Expense: 1000
  • Annual Trash Expense: 20
  • Annual Water Sewer Expense: 48
  • Number Of W D Hookups: 2

Schools

  • School District: Tippecanoe Valley
  • Elementary School: Mentone
  • Middle School: Tippe Valley
  • High School: Tippe Valley
  • Elementary School: Mentone

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: .15 Acres
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Maintenance
  • Tenant Pays: Electric

Tax Info

  • Exemptions: Homestead, Mortgage
  • Annual Property Tax: 1019.34

Multi Family

  • Gross Monthly Rent: 2400
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

MLS Schools

  • High School: Tippe Valley
  • Middle School: Tippe Valley
  • School District: Tippecanoe Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2022
Closed on
Sep 12, 2022
Sold by
Boardman Kimberly A
Bought by
Hughes Melissa N
Seller's Agent
Mariah Yochum
COLLINS and CO. REALTORS - CULVER
List Price
$200,000
Sold Price
$199,000
Premium/Discount to List
-$1,000
-0.5%
Current Estimated Value
$209,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,150
Avg. Annual Appreciation
2.16%
Original Mortgage
$195,395
Outstanding Balance
$187,630
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$23,525
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 Buyer Sale Price Title Company
Hughes Melissa N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hughes Melissa N $195,395
Previous Owner Krichbaum Kimberly A $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2022 09/12/22 Sold $199,000 -0.5% $80 / Sq Ft
07/29/2022 07/29/22 For Sale $200,000 -- $80 / 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 $2,102 $174,400 $7,900 $166,500
2023 $1,943 $164,700 $7,900 $156,800
2022 $1,151 $113,700 $7,900 $105,800
2021 $994 $96,100 $7,900 $88,200
2020 $1,010 $95,300 $7,100 $88,200
2019 $964 $92,000 $7,100 $84,900
2018 $860 $87,200 $6,600 $80,600
2017 $829 $84,900 $6,600 $78,300
2016 $811 $84,100 $6,600 $77,500
2014 $713 $78,700 $6,600 $72,100
2013 $713 $78,700 $6,600 $72,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202231497

Indiana Regional MLS

APN: 43-13-02-100-004.000-036