NOT LISTED FOR SALE

11531 N Syracuse Webster Rd Syracuse, IN 46567

Estimated Value: $285,000 - $535,000

9 Beds
6 Baths
4,379 Sq Ft
$84/Sq Ft Est. Value

Last Sold June 02, 2021

Last sale price $260,000 $59 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,242/month

6 Days on Market

About This Home

As of June 2021

Attention Investors the Stone House Apartments located just outside of Syracuse, is on the market. This is a five unit building has good cash flow and is ready for it's new owner. There are 2 - 1bd units, 2- 2 bd units, and 1 - 3 bd 2bath unit.

Last Listed By

Joshua Schirr

McKinnies Realty, LLC Elkhart Listed on: 03/11/2021

McKinnies Realty, LLC Elkhart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,735

Year Built

  • Built in 1910

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 175 x 250
  • Vinyl Fence

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Laminate Countertops
  • Partially Finished Basement

Flooring

  • Carpet
  • Laminate
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Full Bathrooms

Parking

  • 8 Parking Spaces
  • Unpaved Parking

Utilities

  • Baseboard Heating
  • Well
  • Septic System

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for electric, snow removal, trash collection
  • Assessor Parcel Number 43-04-18-100-269.000-025

Community Details

Overview

  • 5 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $2,160
  • Insurance Expense $1,980
  • Maintenance Expense $2,040
  • Trash Expense $1,512

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,735

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1910
  • Age: 111
  • Style: One and Half Story
  • Bedrooms: 9
  • Number Above Grade Bedrooms: 9
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: 7-69-18.BA TR SE NE 18-34-7 1.00A
  • Parcel Number ID: 43-04-18-100-269.000-025
  • Platted: Yes
  • Amenities: Countertops-Laminate
  • Road Access: County
  • Sp Lp Percent: 100
  • Monthly Gross Income: 3778
  • County Zoning: A1
  • Special Features: None

Interior Features

  • Total Sq Ft: 4961
  • Total Finished Sq Ft: 4379
  • Above Grade Finished Sq Ft: 4379
  • Below Grade Sq Ft: 582
  • Price Per Sq Ft: 59.37
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Carpet, Laminate, Mixed, Vinyl Tile
  • Total Below Grade Sq Ft: 582
  • Number Of Ranges Ovens: 5
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Fence: Vinyl
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 8
  • Parking: Unpaved

Utilities

  • Heating Fuel: Baseboard
  • Sewer: Septic
  • Water Utilities: Well
  • Annual Electric: 2160
  • Annual Insurance Expense: 1980
  • Annual Maintenance Expense: 2040
  • Annual Trash Expense: 1512
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Wawasee
  • Elementary School: Syracuse
  • Middle School: Wawasee
  • High School: Wawasee

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 175 x 250
  • Estimated Lot Sq Ft: 43750
  • Estimated Lot Size Acres: 1

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Snow Removal, Trash Collection
  • Tenant Pays: Electric, Heating

Multi Family

  • Gross Monthly Rent: 3808
  • Number Of Dryers: 1
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 2
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 1735

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2021
Closed on
Jun 2, 2021
Sold by
Sohd Rock Ge Llc
Bought by
Millennial Enterprises Llc
Seller's Agent
Joshua Schirr
McKinnies Realty, LLC Elkhart
Buyer's Agent
Justin Books
Perfect Location Realty
List Price
$260,000
Sold Price
$260,000
Total Days on Market
6
Current Estimated Value
$367,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,610
Avg. Annual Appreciation
10.28%
Original Mortgage
$206,000
Outstanding Balance
$161,544
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$221,468

Purchase Details

Closed on
Jun 28, 2018
Sold by
Legacy Llc
Bought by
Solid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 18, 2012
Sold by
Lakeland Llc
Bought by
Lakeland Revocable Trust

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
Millennial Enterprises Llc -- None Available
Solid $168,800 --
Solid Rock Ge Llc $168,750 Meridian Title Commercial
Lakeland Revocable Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Millennial Enterprises Llc $206,000
Previous Owner Solid Rock Ge Llc $540,000
Previous Owner Legacy Development Group Llc $91,500
Previous Owner Legacy Development Group Llc $247,034
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2021 06/02/21 Sold $260,000 0.0% $59 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
03/11/2021 03/11/21 For Sale $260,000 -- $59 / 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 $2,328 $261,600 $22,000 $239,600
2023 $2,157 $239,800 $22,000 $217,800
2022 $2,010 $219,600 $22,000 $197,600
2021 $1,783 $193,000 $22,000 $171,000
2020 $1,498 $174,400 $20,000 $154,400
2019 $1,761 $190,600 $20,000 $170,600
2018 $1,701 $184,500 $20,000 $164,500
2017 $1,627 $174,800 $20,000 $154,800
2016 $1,187 $143,600 $19,000 $124,600
2014 $1,228 $137,100 $19,000 $118,100
2013 $1,228 $132,800 $19,000 $113,800
Source: Public Records

Agents Affiliated with this Home

  • Joshua Schirr

    Seller's Agent in 2021

    Joshua Schirr

    McKinnies Realty, LLC Elkhart

    (574) 534-4415

    105 Total Sales

    Joshua Schirr
    Section Image

  • J

    Buyer's Agent in 2021

    Justin Books

    Perfect Location Realty

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202107717

Indiana Regional MLS

APN: 43-04-18-100-269.000-025

Indiana Kosciusko County Syracuse 46567

11531 N Syracuse Webster Rd, Syracuse, IN

Homes for Sale in Syracuse, IN

This home is located at 11531 N Syracuse Webster Rd, Syracuse, IN 46567 since 11 March 2021 and is currently estimated at $367,610, approximately $83 per square foot. This property was built in 1910. 11531 N Syracuse Webster Rd is a home located in Kosciusko County with nearby schools including Wawasee High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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