NOT LISTED FOR SALE

118 S 7th St Unit 118 1/2 SOUTH 7TH ST Richmond, IN 47374

Estimated Value: $54,000 - $102,000

5 Beds
2 Baths
2,516 Sq Ft
$28/Sq Ft Est. Value

Last Sold June 22, 2015

Last sale price $42,500 $17 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $431/month

Highlights

  • Covered Patio or Porch
  • Washer and Dryer
  • 5-minute walk to Richmond Park
  • Multiple Water Heaters

About This Home

As of June 2015

Really Affordable living plus an awesome way to get your feet wet as a landlord! This gorgeous history double is owner occupied in the lower unit with the upper rented paying your mortgage for you! Both units are approx. 1258 sq.ft. The owners unit has amazing original woodwork on the lower level, large spacious entry, dining, and living rooms. Kitchen is cozy with a wall floor to ceiling built in cabinetry & pantry space. Two bedrooms, nice updated bath, and laundry hook up is in the basement. The upstairs apartment has its own private rear entrance, two bedrooms, and bath with shower in a claw foot tub, another cozy equip kitchen with electric stove and refrigerator. The living room walks out to a wonderful covered front balcony. There are two parking spaces in the rear with room for more and a lovely fenced yard with many perennials, great place for picnics and entertaining. You’ll have separate utilities except for water and sewer. This property is subject to short sale approval. For more information please call Rhonda, Marc, or Ann at 765-967-7477 or 765 -598-5280 or www.lingle.com/rhondaduning.

Last Agent to Sell the Property

Rhonda Duning

Coldwell Banker Lingle License #RB14041650 Listed on: 10/22/2014

Coldwell Banker Lingle

Last Buyer's Agent

Marc Duning

Coldwell Banker Lingle License #RB14041676

Coldwell Banker Lingle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $758

Lot Details

  • 4,617

Home Design

  • Duplex
  • Brick Exterior Construction
  • Aluminum Roof
  • Stucco Exterior
  • Stick Built Home

Interior Spaces

  • 2,516 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Partial Basement
  • Electric Range
  • Washer and Dryer

Schools

  • Test Middle School
  • Richmond High School

Utilities

  • Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Multiple Water Heaters
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Lot Dimensions are 35x110

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$758

Lot Details

0

Listing Details

  • OFFICELIST_ADDRESS: 118 S 7TH STREET
  • Second Address Number: 118
  • Average Monthly Gas: 160.00
  • E X E M P T: Age, Homestead Credit, Mortgage
  • Geo Address Line: 118 S 7th St
  • Geo Longitude: -84.893166
  • Geo Primary City: Richmond
  • Geo Quality: 0.95
  • Geo Secondary City: Wayne Co.
  • Geo Subdivision: IN
  • Geo Zoom Level: 16
  • OFFICELIST_STATE: IN
  • Building Stories: 2
  • Tax Dup Number: 0292260290
  • Taxes Half: 184.19
  • Number One Bed Units: 2
  • Number Two Bed Units: 2
  • Split Utilities: Yes
  • Unit 1 Appliances: Range-Electric, Refrigerator, Washer/Dryer
  • Unit 1 Heat Type: Gas
  • Unit 2 Appliances: Range-Electric, Refrigerator
  • Unit 2 Heat Type: Gas
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Number Rooms: 10
  • Amenities: Cable TV
  • Has Basement: Yes, Partial Basement
  • Price Per S Q F T: 16.89
  • Basement Type: Duplex
  • Window Treatments Stay: Some

Exterior Features

  • Exterior Construction: Stick
  • Exterior: Brick, Stucco
  • Foundation: Basement
  • Porch/Deck Type: Covered
  • Roof Age: 15 YRS
  • Roof Type: Aluminum

Garage/Parking

  • Driveway: 2 SPACES

Utilities

  • Electric Company: Richmond Power and Light
  • Gas Company: Vectren Gas Company
  • Sewer: City
  • Hot Water: City
  • Number Water Heaters: 2

Condo/Co-op/Association

  • Number of Units: 2

Fee Information

  • Tax Class: MULTI-FAMILY

Schools

  • Middle School: Test
  • High School: Richmond
  • High School: Richmond
  • Middle School: Test

Lot Info

  • Geo Update Timestamp: 2015-07-13
  • Land Contract: No
  • Lot Size: 35X110
  • Zoning: RESIDENTIAL

Multi Family

  • Number Furnaces: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2021
Sold by
Richard Thomas W
Bought by
Devaungh-Sleet Ricardo J
Current Estimated Value
$69,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,148
Outstanding Balance
$42,760
Interest Rate
3.05%
Mortgage Type
FHA
Estimated Equity
$29,225

Purchase Details

Listed on
Oct 22, 2014
Closed on
Jun 22, 2015
Sold by
Carol J Northern
Bought by
Thomas W Richard
Seller's Agent
Rhonda Duning
Coldwell Banker Lingle
Buyer's Agent
Marc Duning
Coldwell Banker Lingle
List Price
$59,900
Sold Price
$42,500
Premium/Discount to List
-$17,400
-29.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.26%
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
Devaungh-Sleet Ricardo J $47,000 None Available
Thomas W Richard $42,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Devaungh-Sleet Ricardo J $46,148
Previous Owner Northern Carol J $66,500
Previous Owner Northern Carol J $72,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2015 06/22/15 Sold $42,500 -29.0% $17 / Sq Ft
02/18/2015 02/18/15 Pending -- -- --
10/22/2014 10/22/14 For Sale $59,900 -- $24 / Sq Ft
Source: Richmond 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 $758 $52,600 $6,200 $46,400
2023 $667 $46,300 $5,400 $40,900
2022 $570 $46,800 $5,400 $41,400
2021 $550 $45,200 $5,400 $39,800
2020 $904 $45,200 $5,400 $39,800
2019 $908 $45,400 $5,400 $40,000
2018 $904 $45,200 $5,400 $39,800
2017 $894 $44,700 $5,400 $39,300
2016 $896 $44,800 $5,400 $39,400
2014 $368 $45,400 $5,400 $40,000
2013 $368 $44,000 $5,400 $38,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Richmond Association of REALTORS®

MLS Number: 10023951

APN: 89-18-05-220-536.000-030