Seller's Agent in 2017
Robert Lundquist
Lundquist Appraisals & Real Estate
(260) 571-4653
239 Total Sales
11 W Branson St La Fontaine, IN 46940
Estimated Value: $113,927
5
Beds
4.5
Baths
6,500
Sq Ft
$18/Sq Ft
Est. Value
Highlights
- The property is located in a historic district
- Backs to Open Ground
- Laundry in Utility Room
- Open Floorplan
- Wood Flooring
- Forced Air Heating and Cooling System
About This Home
As of August 2017Very nice updated downtown brick building with 4 rental units and an updated commercial space. One large very nice 2 bedroom rental unit on the west 1/2 of the main level plus the commercial space with large storage room & 1/2 bath on the east 1/2. One very nice newer one bedroom rental unit plus two older one bedroom units on the second level with 4 storage rooms for at least one or two more units if desired. Each unit has there own storage room with laundry hookups. All wiring updated with 3- 200 amp services and 2- 100 amp services. All new plumbing . The main level units have gas furnaces with central air and the upper units have electric base board heat and window air. Full unfinished basement. Newer windows. All appliances included except the range and refrigerator in the main level unit and the washer & dryers. Tenants pay all utilities except for water & sewer. Owner also provides a trash dumpster. Off street parking behind the building. Sale was not an arms length sale. Buyer was related to the seller and purchased it under market value.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,721
Year Built
- Built in 1958
Lot Details
- 5,793 Sq Ft Lot
- Lot Dimensions are 44.125 x 132
- Backs to Open Ground
- Historic Home
Home Design
- Brick Exterior Construction
- Rubber Roof
- Wood Siding
- Masonry Siding
- Masonry
Interior Spaces
- 2-Story Property
- Open Floorplan
- Laundry in Utility Room
Flooring
- Wood
- Carpet
- Laminate
- Tile
- Luxury Vinyl Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Walk-Up Access
- Stone or Rock in Basement
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 5 Parking Spaces
- Driveway
- Off-Street Parking
Eco-Friendly Details
- Energy-Efficient Windows
Location
- Suburban Location
- The property is located in a historic district
Schools
- Southwood Elementary And Middle School
- Southwood High School
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Heat Pump System
- Baseboard Heating
- Heating System Uses Gas
- Electric Water Heater
- Water Softener is Owned
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable, cooling, electric, fuel, heating
- The owner pays for building insurance, maintenance, snow removal, sewer, trash collection, water, water softener
- Assessor Parcel Number 85-19-27-401-071.000-006
Community Details
Building Details
- 6 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $208
- Insurance Expense $1,984
- Maintenance Expense $1,500
- Trash Expense $2,048
- Water Sewer Expense $3,204
Additional Features
- 5 Units
- Community Storage Space
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 11, 2016
Closed on
Aug 29, 2017
Sold by
Polk
Bought by
Polk Stephan J
Seller's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
Buyer's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
List Price
$92,500
Sold Price
$70,000
Premium/Discount to List
-$22,500
-24.32%
Total Days on Market
432
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,927
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Polk Stephan J | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Polk Thomas W | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2017 08/29/17 | Sold | $70,000 | -24.3% | $11 / Sq Ft |
| 08/17/2017 08/17/17 | Pending | -- | -- | -- |
| 06/11/2016 06/11/16 | For Sale | $92,500 | -- | $14 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $1,750 | $86,700 | $8,800 | $77,900 |
| 2023 | $1,786 | $87,600 | $8,800 | $78,800 |
| 2022 | $1,503 | $87,600 | $8,800 | $78,800 |
| 2021 | $1,552 | $81,800 | $8,800 | $73,000 |
| 2020 | $1,557 | $81,800 | $8,800 | $73,000 |
| 2019 | $1,556 | $81,800 | $8,800 | $73,000 |
| 2018 | $1,604 | $81,800 | $8,800 | $73,000 |
| 2017 | $1,488 | $78,400 | $8,800 | $69,600 |
| 2016 | $1,721 | $81,600 | $8,800 | $72,800 |
| 2014 | $1,552 | $83,300 | $8,800 | $74,500 |
| 2013 | $1,597 | $81,600 | $8,800 | $72,800 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Lundquist
-
John Lundquist
Seller Co-Listing Agent in 2017
John Lundquist
Lundquist Appraisals & Real Estate
(260) 571-6141
226 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 201627049
APN: 85-19-27-401-071.000-006
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