NOT LISTED FOR SALE

115 N Spring St Wabash, IN 46992

Estimated Value: $34,000 - $72,000

3 Beds
1 Bath
1,078 Sq Ft
$45/Sq Ft Est. Value

Last Sold November 11, 2024

Last sale price $35,000 $32 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $315/month

39 Days on Market

About This Home

As of November 2024

Tenants in place, Investors take a look at this 3 bedroom property.

Last Agent to Sell the Property

Amy Brown

Heartland Real Estate Brokers Brokerage Email: connect.amybrown@gmail.com Listed on: 10/03/2024

Last Buyer's Agent

Logan Clark

Terrell Realty Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $652

Year Built

  • Built in 1945

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 32x132
  • Level Lot

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Partially Finished Basement
  • Block Basement Construction

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 22 Parking Spaces
  • On-Street Parking

Location

  • Suburban Location

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

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

Listing and Financial Details

  • Tenant pays for cable, electric, fuel, heating, sewer, trash collection, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 85-14-11-401-127.000-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$652

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1945
  • Style: One and Half Story
  • Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Eastern N PT Lot 46
  • Parcel Number ID: 85-14-11-401-127.000-009
  • Platted: Yes
  • Location: City/Town/Suburb
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1617
  • Total Finished Sq Ft: 1078
  • Above Grade Finished Sq Ft: 1078
  • Below Grade Sq Ft: 539
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Basement Material: Block
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 539
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 22
  • Parking: Street

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 32x132
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cable, Electric, Fuel, Heating, Sewer, Trash Collection, Water

Tax Info

  • Annual Property Tax: 652.48

Multi Family

  • Number Of Refrigerators: 1
  • Number Of Units: 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
Oct 3, 2024
Closed on
Nov 6, 2024
Sold by
Carnell James K and Carnell Daphne L
Bought by
Dc Rentals Llc
Seller's Agent
Amy Brown
Heartland Real Estate Brokers
Buyer's Agent
Logan Clark
Terrell Realty Group, LLC
List Price
$45,000
Sold Price
$35,000
Premium/Discount to List
-$10,000
-22.22%
Views
36
Current Estimated Value
$48,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,333
Avg. Annual Appreciation
35.21%
Original Mortgage
$350,000
Outstanding Balance
$346,489
Interest Rate
6.08%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$298,156

Purchase Details

Listed on
Dec 17, 2020
Closed on
Feb 16, 2021
Sold by
Shepherd Ronald D
Bought by
Carnell James K and Carnell Daphne L
Seller's Agent
John Lundquist
Lundquist Appraisals & Real Estate
Buyer's Agent
Amy Brown
Heartland Real Estate Brokers
List Price
$39,900
Sold Price
$28,500
Premium/Discount to List
-$11,400
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.65%
Original Mortgage
$21,375
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 26, 2014
Closed on
Feb 3, 2015
Sold by
Larrowe Adam A
Bought by
Shepherd Ronald D
List Price
$14,900
Sold Price
$11,500
Premium/Discount to List
-$3,400
-22.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.21%

Purchase Details

Listed on
Dec 26, 2014
Closed on
Dec 5, 2014
Sold by
Lamson Kyle James and Lamson Ashley Joy
Bought by
Larrowe Adam A
List Price
$14,900
Sold Price
$11,500
Premium/Discount to List
-$3,400
-22.82%

Purchase Details

Closed on
Sep 26, 2006
Sold by
First Federal Savings Bank
Bought by
Larrowe Adam A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,000
Interest Rate
6.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dc Rentals Llc $35,000 None Listed On Document
Carnell James K -- None Available
Shepherd Ronald D -- None Available
Larrowe Adam A -- None Available
Larrowe Adam A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dc Rentals Llc $350,000
Previous Owner Carnell James K $21,375
Previous Owner Larrowe Adam A $22,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/11/2024 11/11/24 Sold $35,000 -22.2% $32 / Sq Ft
10/03/2024 10/03/24 For Sale $45,000 +57.9% $42 / Sq Ft
02/16/2021 02/16/21 Sold $28,500 -4.7% $26 / Sq Ft View Prior Sale
01/14/2021 01/14/21 Price Changed $29,900 -25.1% $28 / Sq Ft
12/17/2020 12/17/20 For Sale $39,900 +247.0% $37 / Sq Ft
02/03/2015 02/03/15 Sold $11,500 -22.8% $11 / Sq Ft View Prior Sale
01/31/2015 01/31/15 Pending -- -- --
12/26/2014 12/26/14 For Sale $14,900 -48.6% $14 / Sq Ft
03/11/2013 03/11/13 Sold $29,000 -12.1% $14 / Sq Ft View Prior Sale
02/09/2013 02/09/13 Pending -- -- --
05/30/2012 05/30/12 For Sale $33,000 -- $16 / 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 $730 $36,500 $4,800 $31,700
2023 $692 $34,600 $4,800 $29,800
2022 $646 $32,300 $4,800 $27,500
2021 $746 $37,300 $4,800 $32,500
2020 $686 $34,300 $4,800 $29,500
2019 $654 $32,700 $4,800 $27,900
2018 $648 $32,400 $4,800 $27,600
2017 $654 $31,500 $4,800 $26,700
2016 $644 $31,000 $4,800 $26,200
2014 $81 $31,300 $4,800 $26,500
2013 $64 $30,700 $4,800 $25,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202438336

Indiana Regional MLS

APN: 85-14-11-401-127.000-009