NOT LISTED FOR SALE

110 S 1st Ave Jonesboro, IN 46938

Estimated Value: $83,000 - $118,696

5 Beds
2 Baths
2,296 Sq Ft
$42/Sq Ft Est. Value

Last Sold April 02, 2024

Last sale price $90,000 $39 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $700/month

15 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Covered patio or porch
  • Walk-In Closet
  • Storm Doors

About This Home

As of April 2024

Spacious duplex suitable for investors seeking a cash-flowing rental. Lower unit has 3 bedrooms $800 month. Upper unit has 2 bedrooms $550 month. Tenant pays electric & gas. Owner pays water & sewage. Lower unit has gas furnace. Upper unit has NEW electric mini split heating/cooling system. Additional updates include fresh paint throughout, partial flooring, sump pump, full bath remodeled in upper unit. Updates within the past 6 years include new roof, windows, and vinyl siding. Covered front porch for lower unit. Separate side entry for upper unit. Range & refrigerator offered with each unit. Water heater in basement. Off street parking available back. Lower unit ready to rent and generate income, upper unit is occupied. Perfect for investment opportunity or live in and generate extra income.

Last Agent to Sell the Property

Tina Cale-Coons

RE/MAX Real Estate Groups Brokerage Phone: 765-744-6493 Listed on: 02/16/2024

RE/MAX Real Estate Groups

Last Buyer's Agent

Diane Weedling

Turn Key Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,612

Year Built

  • Built in 1910

Lot Details

  • 6,600 Sq Ft Lot
  • Lot Dimensions are 50x132
  • Level Lot

Home Design

  • Duplex
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Eat-In Kitchen

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Washer Hookup

Partially Finished Basement

  • Sump Pump
  • Crawl Space

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Westview/Northview Elementary School
  • R J Basket Middle School
  • Mississinewa High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, water
  • Assessor Parcel Number 27-07-33-302-062.000-019

Community Details

Overview

  • 2 Units
  • Ohio Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Water Sewer Expense $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,612

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1910
  • Age: 114
  • Style: One and Half Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 20-01-196 LOT 121 OHIO ADD.
  • Parcel Number ID: 27-07-33-302-062.000-019
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Cable Available, Closet(s) Walk-in, Detector-Smoke, Eat-In Kitchen, Porch Covered, Storm Doors, Water Heater Electric, Sump Pump, Washer Hook-Up
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 90.09
  • Monthly Gross Income: 1541
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 2577
  • Total Finished Sq Ft: 2296
  • Above Grade Finished Sq Ft: 2296
  • Below Grade Sq Ft: 281
  • Price Per Sq Ft: 39.2
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Flooring: Vinyl, Wood
  • Main Level Sq Ft: 1172
  • Total Below Grade Sq Ft: 281
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 2
  • Parking: Gravel, Off Street, Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity, Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Annual Water Sewer Expense: 1800
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Mississinewa Community School Corp.
  • Elementary School: Westview/Northview
  • Middle School: R J Basket
  • High School: Mississinewa
  • Elementary School: Westview/Northview

Lot Info

  • Lot Description: Level, Slope
  • Lot Dimensions: 50x132
  • Estimated Lot Sq Ft: 6600
  • Estimated Lot Size Acres: 0.15
  • Lot Number: 121

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Sewer, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 84900
  • Annual Property Tax: 1612

Multi Family

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

MLS Schools

  • High School: Mississinewa
  • Middle School: R J Basket
  • School District: Mississinewa Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Apr 2, 2024
Sold by
Rode Andrew J
Bought by
Rode Brothers Properties Llc
Seller's Agent
Tina Cale-Coons
RE/MAX Real Estate Groups
Buyer's Agent
Diane Weedling
Turn Key Realty, LLC
List Price
$99,900
Sold Price
$90,000
Premium/Discount to List
-$9,900
-9.91%
Views
71
Current Estimated Value
$97,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,424
Avg. Annual Appreciation
0.58%
Original Mortgage
$67,500
Outstanding Balance
$66,801
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$23,903

Purchase Details

Listed on
Mar 6, 2023
Closed on
Mar 29, 2023
Sold by
Moore Jeffrey A
Bought by
Dick Casey
Seller's Agent
Cyndi Reneau
Moving Real Estate
Buyer's Agent
Tina Cale-Coons
RE/MAX Real Estate Groups
List Price
$69,000
Sold Price
$65,000
Premium/Discount to List
-$4,000
-5.8%
Views
86

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.02%
Original Mortgage
$52,000
Interest Rate
5.51%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 17, 2013
Closed on
Jan 9, 2014
Sold by
Secretary Of Hud Of Washington D C
Bought by
Moore Jeffrey A
Seller's Agent
Renee Chandler
Harrold-Chandler Real Estate
Buyer's Agent
Jim Nicholson
Nicholson Realty 2.0 LLC
List Price
$24,900
Sold Price
$10,777
Premium/Discount to List
-$14,123
-56.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.54%

Purchase Details

Closed on
Jun 13, 2013
Sold by
Midfirst Bank
Bought by
Secretary Of Hud

Purchase Details

Closed on
May 24, 2013
Sold by
Seekins Arden R and Seekins Iola M
Bought by
Midfirst Bank
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rode Brothers Properties Llc $90,000 None Listed On Document
Rode Andrew J $90,000 None Listed On Document
Dick Casey $65,000 --
Moore Jeffrey A -- None Available
Secretary Of Hud -- None Available
Midfirst Bank $65,905 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rode Andrew J $67,500
Previous Owner Dick Casey $52,000
Previous Owner Moore Jeffrey A $122,500
Previous Owner Moore Jeffrey A $39,000
Previous Owner Seekins Arden R $56,840
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2024 04/02/24 Sold $90,000 -9.9% $39 / Sq Ft
03/02/2024 03/02/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $99,900 +53.7% $44 / Sq Ft
03/30/2023 03/30/23 Sold $65,000 -5.8% $28 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
03/06/2023 03/06/23 For Sale $69,000 +540.3% $30 / Sq Ft
01/15/2014 01/15/14 Sold $10,777 -56.7% $5 / Sq Ft
12/16/2013 12/16/13 Pending -- -- --
09/17/2013 09/17/13 For Sale $24,900 -- $11 / 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 $1,948 $97,400 $8,900 $88,500
2023 $1,698 $84,900 $8,900 $76,000
2022 $1,612 $80,600 $8,500 $72,100
2021 $1,523 $75,900 $8,500 $67,400
2020 $1,482 $74,100 $8,500 $65,600
2019 $1,484 $74,200 $8,500 $65,700
2018 $1,418 $70,900 $8,500 $62,400
2017 $1,380 $69,000 $8,500 $60,500
2016 $1,316 $65,800 $8,500 $57,300
2014 $1,292 $64,600 $8,500 $56,100
2013 $1,292 $67,600 $8,500 $59,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202404938

Indiana Regional MLS

APN: 27-07-33-302-062.000-019