NOT LISTED FOR SALE

111 Falls Ave Wabash, IN 46992

Estimated Value: $94,766

3 Beds
2.5 Baths
8,375 Sq Ft
$11/Sq Ft Est. Value

Last Sold October 21, 2022

Last sale price $80,000 $10 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $594/month

97 Days on Market

Highlights

  • Open Floorplan
  • Cathedral Ceiling
  • Covered Patio or Porch
  • Backs to Open Ground
  • Corner Lot
  • Balcony

About This Home

As of October 2022

Lots of potential uses. Lots of square footage for the price. Was originally a church for many many years. Consists of a 2 story 3 bedroom apartment at the rear of the building which has a gas hot water heating system that's not functional. The rest of the building is largely open space with high beamed cathedral ceilings and stain glass windows in part of the large original sanctuary area on the main level, a 13' x 35' 2nd story mezzanine and a large foyer, restroom and a full basement that consist of a huge open room, restroom, shower room, mechanical room and two storage rooms. 90+ gas furnace and central air which services the original building. New roof just installed in the last few months. Buyer must agree to the protective covenants to maintain the overall historic appearance of the exterior.

Last Agent to Sell the Property

Robert Lundquist

Lundquist Appraisals & Real Estate Listed on: 07/02/2022

Last Buyer's Agent

Tami Gibson

Hoosier Pros LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,101

Year Built

  • Built in 1883

Lot Details

  • 7,579 Sq Ft Lot
  • Backs to Open Ground
  • Corner Lot
  • Level Lot
  • Irregular Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Entrance Foyer

Flooring

  • Carpet
  • Concrete
  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in Bathroom
  • Washer Hookup

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Block Basement Construction
  • 1 Bathroom in Basement

Parking

  • 6 Parking Spaces
  • Stone Driveway
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

  • Oj Neighbors Elementary School
  • Wabash Middle School
  • Wabash High School

Utilities

  • Forced Air Heating and Cooling System
  • High-Efficiency Furnace
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Energy-Efficient HVAC
  • Suburban Location

Listing and Financial Details

  • The owner pays for cooling, electric, heating, lawn maintenance, sewer, water
  • Other Tax Exemptions
  • Assessor Parcel Number 85-14-40-402-069.000-009

Community Details

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Additional Features

  • 2 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,101

Year Built

Built in 1883

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1883
  • Age: 139
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: E & H Lots 24 & 25
  • Parcel Number ID: 85-14-40-402-069.000-009
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Storage, Balcony, Cable Available, Ceiling-Cathedral, Foyer Entry, Open Floor Plan, Porch Covered, Porch Open, Water Heater Electric, Washer Hook-Up
  • Cross Street: Sinclair St
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 80.4
  • Year Taxes Payable: 2021 pay 2022
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 8375
  • Total Finished Sq Ft: 8375
  • Above Grade Finished Sq Ft: 4775
  • Below Grade Finished Sq Ft: 3600
  • Price Per Sq Ft: 16.75
  • Basement: Yes
  • Basement Foundation: Full Basement, Partially Finished, Walk-up
  • Basement Material: Block, Poured Concrete
  • Flooring: Carpet, Concrete, Vinyl Tile, Vinyl
  • Main Level Sq Ft: 3600
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 3600
  • Number Ttl Rooms Below Grade: 4

Exterior Features

  • Exterior: Brick, Wood
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Stone
  • Number Of Parking Spaces: 6
  • Parking: Lot, Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: NIPSCO
  • Water Company: Indiana American Water Co
  • Cable Company: Cinergy MetroNet, Comcast
  • Hvac: High Efficiency Furnace
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

  • School District: Wabash City Schools
  • Elementary School: OJ Neighbors
  • Middle School: Wabash
  • High School: Wabash
  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: Corner, Irregular, Level
  • Lot Dimensions: See attached plat map
  • Estimated Lot Sq Ft: 7579
  • Estimated Lot Size Acres: 0.174

Green Features

  • Energy Efficient: HVAC

Rental Info

  • Owner Pays: Cooling, Electric, Heating, Lawn Maintenance, Sewer, Water

Tax Info

  • Exemptions: Tax Exempt

Multi Family

  • Number Of Units: 2
  • Number Of 3 Bedrooms: 1

MLS Schools

  • High School: Wabash
  • Middle School: Wabash
  • School District: Wabash City Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2022
Closed on
Oct 21, 2022
Sold by
Hayden Paul J
Bought by
New Raymond
Seller's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
Buyer's Agent
Tami Gibson
Hoosier Pros LLC
List Price
$125,000
Sold Price
$80,000
Premium/Discount to List
-$45,000
-36%
Views
81
Current Estimated Value
$94,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,766
Avg. Annual Appreciation
4.42%

Purchase Details

Listed on
Nov 16, 2021
Closed on
Dec 3, 2021
Sold by
First Apostolic Catholic Church Inc
Bought by
Hayden Paul J
Seller's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
Buyer's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
List Price
$34,500
Sold Price
$30,000
Premium/Discount to List
-$4,500
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
204.83%

Purchase Details

Listed on
Nov 16, 2021
Closed on
Oct 21, 2021
Sold by
France Rocky and France Heathe
Bought by
First Apostolic Catholic Church Inc
Seller's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
Buyer's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
List Price
$34,500
Sold Price
$30,000
Premium/Discount to List
-$4,500
-13.04%

Purchase Details

Listed on
Apr 26, 2013
Closed on
Nov 5, 2013
Sold by
Lindzy Michael D
Bought by
First Apostolic Catholic Church Inc
List Price
$61,500
Sold Price
$32,000
Premium/Discount to List
-$29,500
-47.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.79%

Purchase Details

Listed on
Apr 26, 2013
Closed on
Oct 4, 2013
Sold by
New Foundations Ministries Inc
Bought by
Lindszy Michael D
List Price
$61,500
Sold Price
$32,000
Premium/Discount to List
-$29,500
-47.97%

Purchase Details

Closed on
Feb 5, 2010
Sold by
Christian Heritage Church Inc
Bought by
New Foundations Ministries Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
5.2%
Mortgage Type
Future Advance Clause Open End Mortgage
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
New Raymond -- --
Hayden Paul J $30,000 Downs Tandy & Petruniw Pc
First Apostolic Catholic Church Inc -- None Available
First Apostolic Catholic Church Inc -- None Available
Lindszy Michael D -- None Available
New Foundations Ministries Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner New Foundations Ministries Inc $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2022 10/21/22 Sold $80,000 -19.6% $10 / Sq Ft
10/07/2022 10/07/22 Pending -- -- --
09/08/2022 09/08/22 Price Changed $99,500 -13.5% $12 / Sq Ft
09/07/2022 09/07/22 Price Changed $115,000 -8.0% $14 / Sq Ft
09/07/2022 09/07/22 For Sale $125,000 0.0% $15 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
07/02/2022 07/02/22 For Sale $125,000 +316.7% $15 / Sq Ft
12/03/2021 12/03/21 Sold $30,000 -13.0% $4 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
11/16/2021 11/16/21 For Sale $34,500 +7.8% $4 / Sq Ft
10/04/2013 10/04/13 Sold $32,000 -48.0% $5 / Sq Ft
09/04/2013 09/04/13 Pending -- -- --
04/26/2013 04/26/13 For Sale $61,500 -- $9 / 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 $1,101 $74,800 $13,000 $61,800
2023 $1,082 $75,500 $13,000 $62,500
2022 $1,460 $75,500 $13,000 $62,500
2021 $0 $70,800 $13,000 $57,800
2020 $0 $70,800 $13,000 $57,800
2019 $0 $70,800 $13,000 $57,800
2018 $2,124 $70,800 $13,000 $57,800
2017 $2,097 $69,100 $13,000 $56,100
2016 -- $128,800 $13,000 $115,800
2014 -- $129,700 $13,000 $116,700
2013 -- $127,100 $13,000 $114,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202227161

Indiana Regional MLS

APN: 85-14-40-402-069.000-009