NOT LISTED FOR SALE

Estimated Value: $170,000 - $270,000

3 Beds
1 Bath
1,215 Sq Ft
$168/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $155,000 $128 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,433/month

28 Days on Market

Highlights

  • Covered patio or porch
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Fenced Yard
  • Eat-In Kitchen
  • Carpet

About This Home

As of August 2017

Large 3 bedroom duplex. Excellent property for owner occupant. Half of each basement is finished with family room and 3rd bedroom with egress window. Each tenant has 1,215 finished sq. ft. Covered rear patio and 1-car garage. Current tenants have been long term. Tenant pays all utilities and is responsible for snow removal and lawn care. Month to Month lease terms. Rents could be quickly boosted to meet current market rents.

Last Listed By

Travis Bontrager

Bontrager Realty, LLC Listed on: 07/12/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,880

Year Built

  • Built in 1992

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 100x135
  • Fenced Yard
  • Chain Link Fence

Home Design

  • Duplex
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Eat-In Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Laundry in Basement
  • 1 Bedroom in Basement

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, fuel, heating, lawn maintenance, sewer, snow removal, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 20-11-04-279-019.000-015

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,880

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1992
  • Age: 25
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Dayspring Sub Lot 2
  • Parcel Number ID: 20-11-04-279-019.000-015
  • Platted: Yes
  • Amenities: Basement, Fenced Yard, Eat-In Kitchen, Garage Door Opener, Patio Covered, Water Heater Gas, Sump Pump
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 91.23
  • Monthly Gross Income: 1395
  • Special Features: None

Interior Features

  • Total Sq Ft: 1620
  • Total Finished Sq Ft: 1215
  • Above Grade Finished Sq Ft: 810
  • Below Grade Finished Sq Ft: 405
  • Below Grade Sq Ft: 405
  • Basement: Yes
  • Basement Foundation: Full Basement, Partially Finished
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 810
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Fence: Chain Link
  • Stories: 1

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 2
  • Parking: Garage

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 900
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

  • School District: Goshen Community Schools
  • Elementary School: Chamberlain
  • Middle School: Goshen
  • High School: Goshen

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 100x135
  • Estimated Lot Sq Ft: 13068
  • Estimated Lot Size Acres: 0.3
  • Zoning: R - 2 - Multiple-Family

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Electric, Fuel, Heating, Lawn Maintenance, Sewer, Snow Removal, Water

Multi Family

  • Gross Monthly Rent: 1395
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of 3 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1879.9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2017
Closed on
Aug 30, 2017
Sold by
Lederman Joel E and Lederman Annerose
Bought by
Mr Realty Ii Llc
Seller's Agent
Travis Bontrager
Bontrager Realty, LLC
Buyer's Agent
Travis Bontrager
Bontrager Realty, LLC
List Price
$169,900
Sold Price
$155,000
Premium/Discount to List
-$14,900
-8.77%
Total Days on Market
28
Current Estimated Value
$203,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,665
Avg. Annual Appreciation
5.55%

Purchase Details

Closed on
Mar 19, 2014
Sold by
Lederman Joel E and Lederman Todd C
Bought by
Lederman Joel E and Lederman Annerose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,400
Interest Rate
4.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2006
Sold by
Cpar Iii Llc
Bought by
Lederman Joel E and Lederman Todd C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,750
Interest Rate
6.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2005
Sold by
Smith Terry A and Smith Deborah S
Bought by
Cpar Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.89%
Mortgage Type
Commercial

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
Mr Realty Ii Llc -- Meridian Title Corp
Lederman Joel E -- Metropolitan Title
Lederman Joel E -- Meridian Title Corp
Cpar Iii Llc -- Century Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lederman Joel E $114,400
Previous Owner Lederman Joel E $132,750
Previous Owner Cpar Iii Llc $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2017 08/31/17 Sold $155,000 -8.8% $128 / Sq Ft
08/09/2017 08/09/17 Pending -- -- --
07/12/2017 07/12/17 For Sale $169,900 -- $140 / 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 $3,590 $167,300 -- $167,300
2022 $3,590 $168,700 $0 $168,700
2021 $3,510 $221,200 $17,400 $203,800
2020 $2,547 $94,400 $15,900 $78,500
2019 $2,343 $94,400 $15,900 $78,500
2018 $2,221 $145,200 $15,900 $129,300
2017 $1,820 $88,800 $15,900 $72,900
2016 $1,880 $89,000 $15,900 $73,100
2014 $1,815 $88,200 $15,900 $72,300
2013 $1,764 $88,200 $15,900 $72,300
Source: Public Records

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Source: Indiana Regional MLS

MLS Number: 201732044

Indiana Regional MLS

APN: 20-11-04-279-019.000-015