NOT LISTED FOR SALE

115 E Harrison St Michigan City, IN 46360

Estimated Value: $243,866 - $306,000

5 Beds
5 Baths
3,684 Sq Ft
$76/Sq Ft Est. Value

Last Sold December 06, 2016

Last sale price $185,000 $50 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,477/month

544 Days on Market

Highlights

  • Deck
  • Balcony
  • Patio

About This Home

As of December 2016

This is a money maker located in central Michigan City, IN is this 5 unit rental property is great condition! Each unit has separate entrances, furnaces, electric & gas services, ranges, refrigerators, and decks! The roof is new as of 2007. There is a full basement. There is off street parking. Cash flow!!

Last Agent to Sell the Property

Eric Frageman

Century 21 Circle License #RB14023099 Listed on: 06/05/2015

Century 21 Circle

Last Buyer's Agent

Matt Evans

RE/MAX Lifestyles License #RB14034485

RE/MAX Lifestyles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $216

Year Built

  • Built in 1905

Lot Details

  • 3,708 Sq Ft Lot
  • Lot Dimensions are 36 x 103

Interior Spaces

  • 3,684 Sq Ft Home
  • Elevator
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Patio

Listing and Financial Details

  • Total Actual Rent $28,740
  • Assessor Parcel Number 420133309006

Community Details

Overview

  • 5 Units
  • Sanborn's Subdivision

Building Details

  • Insurance Expense $1,500
  • Water Sewer Expense $600
  • New Taxes Expense $2,874

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$216

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1905
  • Road Surface Type: Gravel
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA726
  • Subdivision Name: Sanborn's
  • WaterExpense: 600.00
  • SewerExpense: 600.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Balcony
  • Acres: 0.0851
  • Construction Type: Asphalt, Wood Siding
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Schools

  • Junior High Dist: Michigan City

Lot Info

  • Lot Dimensions: 36 x 103
  • Lot Size Sq Ft: 3708
  • Parcel #: 420133309006

Rental Info

  • LeaseType: Net

Multi Family

  • Number Of Units Total: 5
  • Insurance Expense: 1500
  • Total Actual Rent: 28740

Tax Info

  • New Taxes Expense: 2874

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2015
Closed on
Dec 5, 2016
Sold by
Repogle Jack L and Repogle Darlene A
Bought by
Housing Opportunites Inc
Seller's Agent
Eric Frageman
Century 21 Circle
Buyer's Agent
Matt Evans
RE/MAX Lifestyles
List Price
$185,000
Sold Price
$185,000
Current Estimated Value
$278,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,622
Avg. Annual Appreciation
4.71%
Original Mortgage
$148,000
Outstanding Balance
$21,484
Interest Rate
3.54%
Mortgage Type
Commercial
Estimated Equity
$257,138
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
Housing Opportunites Inc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Housing Opportunites Inc $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2016 12/06/16 Sold $185,000 0.0% $50 / Sq Ft
11/06/2016 11/06/16 Pending -- -- --
06/05/2015 06/05/15 For Sale $185,000 -- $50 / Sq Ft
Source: Northwest Indiana 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 $216 $206,700 $5,800 $200,900
2022 $216 $181,500 $5,800 $175,700
2021 $216 $143,500 $5,800 $137,700
2020 $216 $143,500 $5,800 $137,700
2019 $2,734 $140,700 $5,800 $134,900
2018 $144 $128,900 $5,800 $123,100
2017 $144 $80,900 $11,300 $69,600
2016 $1,762 $80,900 $11,300 $69,600
2014 $1,618 $86,100 $13,600 $72,500
Source: Public Records

Agents Affiliated with this Home

  • Eric Frageman

    Seller's Agent in 2016

    Eric Frageman

    Century 21 Circle

    (219) 872-0557

    32 Total Sales

    Eric Frageman
    Section Image
  • Matt Evans

    Buyer's Agent in 2016

    Matt Evans

    RE/MAX

    (219) 241-8401

    268 Total Sales

    Matt Evans
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 373608

Northwest Indiana Association of REALTORS®

APN: 46-01-33-309-006.000-022

Indiana La Porte County Michigan City 46360

115 E Harrison St, Michigan City, IN

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