NOT LISTED FOR SALE

1026 Madison St Rochester, IN 46975

Estimated Value: $114,272 - $512,000

4 Beds
3 Baths
2,424 Sq Ft
$129/Sq Ft Est. Value

Last Sold October 17, 2019

Last sale price $72,000 $30 Per Sq Ft

Est. 335% increase in value since last sale

Current estimated payment $1,802/month

34 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Carpet
  • Corner Lot
  • Forced Air Heating System

About This Home

As of October 2019

Well maintained older home with 3 units. This is a good income producer. Total income per month $1350. One 2 bedroom unit on main level, 1 bedroom and efficiency unit on second level. Current tenants are long term and dependable. Corner property. New metal roof.

Last Agent to Sell the Property

SUSAN MORRIS

Rochester Realty, LLC Listed on: 09/13/2019

Last Buyer's Agent

Matt Steininger

Envision Real Estate Team - Rochester

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,702

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 41x165
  • Corner Lot

Parking

  • 3 Parking Spaces

Home Design

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

Interior Spaces

  • 1.5-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Schools

  • Columbia / Riddle Elementary School
  • Rochester Middle School
  • Rochester High School

Additional Features

  • Porch
  • Suburban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for fuel
  • The owner pays for trash collection
  • Assessor Parcel Number 25-07-92-259-013.000-009

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Water Meters
  • Insurance Expense $929
  • Trash Expense $444
  • Water Sewer Expense $850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,702

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 119
  • Style: One and Half Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: S 1/2 LOT 63 N P
  • Parcel Number ID: 25-07-92-259-013.000-009
  • Platted: Yes
  • Amenities: Basement, Porch Open
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 90.11
  • Annual Miscellaneous: 1469
  • Monthly Gross Income: 1350
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 3764
  • Total Finished Sq Ft: 2424
  • Above Grade Finished Sq Ft: 2424
  • Below Grade Sq Ft: 1340
  • Price Per Sq Ft: 29.7
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 1340
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Metal
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 928.5
  • Annual Trash Expense: 444
  • Annual Water Sewer Expense: 850
  • Number Electric Meters: 3
  • Number Of W D Hookups: 1
  • Number Water Meters: 3

Schools

  • School District: Rochester Community School Corp.
  • Elementary School: Columbia / Riddle
  • Middle School: Rochester
  • High School: Rochester
  • Elementary School: Columbia / Riddle

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 41x165
  • Estimated Lot Sq Ft: 6970
  • Estimated Lot Size Acres: 0.16

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Trash Collection
  • Tenant Pays: Fuel

Multi Family

  • Gross Monthly Rent: 1350
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1702

MLS Schools

  • High School: Rochester
  • Middle School: Rochester
  • School District: Rochester Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2019
Closed on
Oct 17, 2019
Sold by
Schlitt Albert J
Bought by
Josh Runkle
Seller's Agent
SUSAN MORRIS
Rochester Realty, LLC
Buyer's Agent
Matt Steininger
Envision Real Estate Team - Rochester
List Price
$79,900
Sold Price
$72,000
Premium/Discount to List
-$7,900
-9.89%
Current Estimated Value
$313,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,136
Avg. Annual Appreciation
19.98%
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
Josh Runkle $72,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2019 10/17/19 Sold $72,000 -9.9% $30 / Sq Ft
10/17/2019 10/17/19 Pending -- -- --
09/13/2019 09/13/19 For Sale $79,900 -- $33 / 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 $1,600 $76,800 $8,500 $68,300
2023 $1,552 $77,600 $8,500 $69,100
2022 $1,920 $96,000 $8,500 $87,500
2021 $1,828 $91,400 $8,500 $82,900
2020 $1,702 $85,100 $8,500 $76,600
2019 $1,702 $85,100 $8,500 $76,600
2018 $1,702 $85,100 $8,500 $76,600
2017 $1,684 $84,200 $8,500 $75,700
2016 $1,684 $84,200 $8,500 $75,700
2014 $1,676 $83,800 $8,500 $75,300
2013 $1,676 $82,100 $8,500 $73,600
Source: Public Records

Agents Affiliated with this Home

  • SUSAN MORRIS

    Seller's Agent in 2019

    SUSAN MORRIS

    Rochester Realty, LLC

    (574) 298-8652

    42 in this area

    78 Total Sales

    SUSAN MORRIS
    Section Image

  • M

    Buyer's Agent in 2019

    Matt Steininger

    Envision Real Estate Team - Rochester

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201940368

Indiana Regional MLS

APN: 25-07-92-259-013.000-009

Indiana Fulton County Rochester 46975

1026 Madison St, Rochester, IN

This home is located at 1026 Madison St, Rochester, IN 46975 since 13 September 2019 and is currently estimated at $313,136, approximately $129 per square foot. This property was built in 1900. 1026 Madison St is a home located in Fulton County with nearby schools including Columbia Elementary School, George M. Riddle Elementary School, and Rochester Community Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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