$50,000
SOLD APR 25, 2025

1111 S A St Richmond, IN 47374

-- Bed
-- Bath
1,857 Sq Ft
2,788 Sq Ft Lot

Recently Sold

$27 Per Sq Ft

9% Below List Price

18 Days on Market

Highlights

  • Covered Patio or Porch
  • Multiple Water Heaters
  • 2-minute walk to Tenth Street Park
  • Baseboard Heating

About This Home

As of April 2025

Great opportunity to purchase a new investment for your portfolio. This 2 unit upper/lower duplex offers main level 2 bedroom and upper 1 bedroom unit. Upper in currently rented for $600 per month. Lower unit tenant just moved out. Unit just needs flipped for new tenants. Seller has quote for renovation with contractor who is ready to start asap. This property must be sold in a bundle with 1222 Hunt Street. Both have already been appraised.

Last Agent to Sell the Property

Derek Tiemann

Key Realty Indiana Listed on: 01/02/2025

Key Realty Indiana

Last Buyer's Agent

Amanda Smith

Fathom Realty

Fathom Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $978

Year Built

  • Built in 1921

Home Design

  • Duplex
  • Shingle Roof
  • Stick Built Home

Interior Spaces

  • 1,857 Sq Ft Home
  • 2-Story Property
  • Basement

Outdoor Features

  • Covered Patio or Porch

Schools

  • Charles Elementary School
  • Test Middle School
  • Richmond High School

Utilities

  • Furnace
  • Baseboard Heating
  • Separate Meters
  • Multiple Water Heaters

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$978

Year Built

Built in 1921

Lot Details

0

Listing Details

  • OFFICELIST_ADDRESS: 1111 S A street
  • Second Address Number: 1111
  • Estimated Year Built: 1921
  • E X E M P T: None
  • F I N A N C I N G O F F E R E D: Cash, Conventional
  • Geo Address Line: 1111 S A St
  • Geo Longitude: -84.887023
  • Geo Primary City: Richmond
  • Geo Quality: 0.95
  • Geo Subdivision: IN
  • Geo Zoom Level: 16
  • OFFICELIST_STATE: IN
  • Building Stories: 2
  • Number One Bed Units: 1
  • Number Two Bed Units: 2
  • Split Utilities: Yes
  • Unit 1 Heat Type: Furnace
  • Unit 2 Heat Type: Baseboard
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1921

Interior Features

  • Has Basement: Yes
  • Price Per S Q F T: 26.93
  • Basement Type: Duplex
  • Window Treatments Stay: None

Exterior Features

  • Exterior Construction: Stick
  • Foundation: Basement
  • Porch/Deck Type: Covered, Porch
  • Roof Type: Shingle

Utilities

  • Electric Company: Richmond Power and Light
  • Gas Company: Vectren Gas Company
  • Sewer: City
  • Hot Water: City
  • Number Water Heaters: 2

Condo/Co-op/Association

  • Number of Units: 2

Fee Information

  • Tax Class: MULTI-FAMILY

Schools

  • Elementary School: Charles
  • Middle School: Test
  • High School: Richmond
  • Elementary School: Charles
  • High School: Richmond
  • Middle School: Test

Lot Info

  • Geo Update Timestamp: 2025-01-02
  • Land Contract: No
  • Lot Size: .006

Multi Family

  • Number Furnaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2025
Closed on
Apr 17, 2025
Sold by
Armind Investments Llc
Bought by
Armor Properties Llc
Seller's Agent
Derek Tiemann
Key Realty Indiana
Buyer's Agent
Amanda Smith
Fathom Realty
List Price
$55,000
Sold Price
$50,000
Premium/Discount to List
-$5,000
-9.09%
Views
33
Current Estimated Value
$51,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,641
Avg. Annual Appreciation
9.12%

Purchase Details

Closed on
Dec 15, 2021
Sold by
Marowelli Jordan M and Marowelli Rebekah A
Bought by
Armind Investments Llc

Purchase Details

Closed on
May 6, 2013
Sold by
Caplinger Daniel G and Caplinger Carol Ann
Bought by
Marowelli Jordan M and Marowelli Rebekah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,420
Interest Rate
4.25%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $50,000 None Listed On Document
Warranty Deed $50,000 None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $75,000 Credit Line Revolving
Previous Owner $31,420 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 Sold $50,000 -9.1% $27 / Sq Ft
01/20/2025 01/20/25 Pending -- -- --
01/02/2025 01/02/25 For Sale $55,000 -- $30 / Sq Ft
Source: Richmond Association of REALTORS®

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 $978 $48,900 $2,200 $46,700
2023 $860 $43,000 $1,900 $41,100
2022 $860 $43,000 $1,900 $41,100
2021 $790 $39,500 $1,900 $37,600
2020 $790 $39,500 $1,900 $37,600
2019 $772 $38,600 $1,900 $36,700
2018 $802 $40,100 $1,900 $38,200
2017 $794 $39,700 $1,900 $37,800
2016 $794 $39,700 $1,900 $37,800
2014 $792 $39,600 $1,900 $37,700
2013 $792 $38,300 $1,900 $36,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Richmond Association of REALTORS®

MLS Number: 10050140

APN: 89-18-04-110-638.000-030