NOT LISTED FOR SALE

112 S Scott St Warsaw, IN 46580

Estimated Value: $190,000 - $218,000

4 Beds
2 Baths
1,926 Sq Ft
$104/Sq Ft Est. Value

Last Sold May 05, 2022

Last sale price $175,500 $91 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,399/month

28 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 4-minute walk to Fribley Field
  • Lincoln Elementary School Rated A-
  • Level Lot

About This Home

As of May 2022

Fully occupied duplex with great cash flow. Both units are 2 bedroom, 1 bathroom which creates great income. Each unit has it's own washer and dryer which helps keep long-term tenants. Upstairs has a new kitchen with new appliances. House just had a new water main installed so no need to worry about replacing this down the road. House has separate electric meters and separate gas meters. Start building your portfolio with this great investment!

Last Agent to Sell the Property

Scott Gingerich

The Gingerich Group Listed on: 03/25/2022

Last Buyer's Agent

The Mark Skibowski Team

Re/Max Lakes

Re/Max Lakes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,808

Year Built

  • Built in 1915

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 44x79
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laundry in Bathroom
  • Partially Finished Basement

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Schools

  • Lincoln Elementary School
  • Lakeview Middle School
  • Warsaw High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for heating, sewer, water
  • Assessor Parcel Number 43-11-08-200-270.000-032

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $950
  • Insurance Expense $1,100
  • Maintenance Expense $1,500
  • Water Sewer Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,808

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1915
  • Age: 107
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 4-44-366 S 44' LOTS 1 & 2 L & L ADD
  • Parcel Number ID: 43-11-08-200-270.000-032
  • Platted: Yes
  • Amenities: Basement
  • Grid: 10 - Central Kosc.
  • Sp Lp Percent: 103.3
  • Monthly Gross Income: 1750
  • Year Taxes Payable: 2021 Pay 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 2609
  • Total Finished Sq Ft: 1926
  • Above Grade Finished Sq Ft: 1926
  • Below Grade Sq Ft: 683
  • Price Per Sq Ft: 91.12
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Carpet, Wood, Vinyl
  • Total Below Grade Sq Ft: 683
  • Number Of Ranges Ovens: 2

Exterior Features

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

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 4
  • Parking: Gravel, Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Annual Fuel Expense: 950
  • Annual Insurance Expense: 1100
  • Annual Maintenance Expense: 1500
  • Annual Water Sewer Expense: 1500
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Warsaw Community
  • Elementary School: Lincoln
  • Middle School: Lakeview
  • High School: Warsaw
  • Elementary School: Lincoln

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 44X79
  • Estimated Lot Sq Ft: 3485
  • Estimated Lot Size Acres: 0.08

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Heating, Sewer, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 1750
  • Number Of Dishwashers: 2
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1808

MLS Schools

  • High School: Warsaw
  • Middle School: Lakeview
  • School District: Warsaw Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2022
Closed on
May 10, 2022
Sold by
Gray Investments Llc
Bought by
Flores Jose
Seller's Agent
Scott Gingerich
The Gingerich Group
Buyer's Agent
The Mark Skibowski Team
Re/Max Lakes
List Price
$169,900
Sold Price
$175,500
Premium/Discount to List
$5,600
3.3%
Current Estimated Value
$200,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,190
Avg. Annual Appreciation
3.87%

Purchase Details

Closed on
Feb 1, 2021
Sold by
Nortac Properties Llc
Bought by
Haab Benjamin D

Purchase Details

Closed on
Dec 22, 2015
Sold by
Harvey Larry W
Bought by
Nortac Properties Llc
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
Flores Jose $175,500 None Listed On Document
Haab Benjamin D $120,000 None Available
Nortac Properties Llc $68,000 --
Gray Investments Llc $175,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harvey Lucas A $64,000
Closed Haab Benjamin D $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2022 05/05/22 Sold $175,500 +3.3% $91 / Sq Ft
03/25/2022 03/25/22 For Sale $169,900 -- $88 / 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 $3,676 $177,900 $11,300 $166,600
2023 $3,597 $173,200 $11,300 $161,900
2022 $2,069 $99,500 $9,400 $90,100
2021 $1,808 $86,500 $9,400 $77,100
2020 $1,768 $84,500 $7,300 $77,200
2019 $1,674 $79,900 $7,300 $72,600
2018 $1,575 $75,000 $6,600 $68,400
2017 $1,526 $72,500 $6,600 $65,900
2016 $1,464 $69,500 $5,900 $63,600
2014 $1,310 $65,500 $5,900 $59,600
2013 $1,310 $66,600 $5,900 $60,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202209977

Indiana Regional MLS

APN: 43-11-08-200-270.000-032