$117,500
SOLD MAY 19, 2017

120 N Elm St Thorntown, IN 46071

-- Bed
-- Bath
-- Sq Ft
7,405 Sq Ft Lot

Recently Sold

2% Below List Price

63 Days on Market

About This Home

As of May 2023

Investment Opportunity for a superbly maintained duplex!! Rented, leases in place and always sought after by potential tenants. This is an excellent opportunity to add to your investment portfolio or to get it started! Or... Live on one side, rent the other out to potentially pay your mortgage! Property is in great condition - built and maintained by Merrill Contracting! Purchase one or purchase as a package. See MLS's 21469861, 21469601, and 21469472.

Last Agent to Sell the Property

Lynda Lambert

Traditions Realty, LLC License #RB14044910 Listed on: 03/07/2017

Last Buyer's Agent

John Bradley

Traditions Realty, LLC License #RB14044892

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space

Listing and Financial Details

  • Tenant pays for insurance all utilities
  • The owner pays for inshazard taxes
  • Assessor Parcel Number 06-13-35-000-012.023-015

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Two Story
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2016
  • Year Built: 2000
  • Lot Size Acres: 0.17
  • Road Frontage Type: City Street
  • Road Surface Type: Concrete
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: Investment Opportunity for a superbly maintained duplex!! Rented, leases in place and always sought after by potential tenants. This is an excellent opportunity to add to your investment portfolio or to get it started! Or... Live on one side, rent the other out to potentially pay your mortgage! Property is in great condition - built and maintained by Merrill Contracting! Purchase one or purchase as a package. See MLS's 21469861, 21469601, and 21469472.
  • Transaction Type: Sale
  • Website: www.lyndalambertsellshomes.com
  • Unit Count: 2
  • Conversion: 0
  • Website: www.mytraditionsrealty.com
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: Two
  • Owner Pays: InsHazard,Taxes
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 3576
  • Laundry: Other

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Crawl Space
  • List Price: 120000
  • Road Access: CityStreet
  • Interstate: Ramp3-5mi

Garage/Parking

  • Garage Spaces: 2
  • Unit Parking: 1 Car Garage

Utilities

  • Solid Waste: 1
  • HVAC: New Water Heater #122.

Fee Information

  • Expenses: 4500

Lot Info

  • Current Use: Residential
  • Parcel Number: 06-13-35-000-012.023-015
  • Acres: <1/4 Acre
  • Lot Information: Access Street,Sidewalks
  • Lot Number: 9
  • Lot Size: 7318

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Insurance,All Utilities

Multi Family

  • Net Operating Income: 12000
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3640
  • Semi Annual Property Tax Amt: 1820
  • Tax Exemption: None

MLS Schools

  • School District: Western Boone County
  • Schools: Thorntown Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
May 1, 2023
Sold by
M/E Rental Properties Llc
Bought by
Mina Group Llc
Seller's Agent
Kristina Musielak
@properties
Buyer's Agent
Mark Isom
Trail Hawk Real Estate
List Price
$179,900
Sold Price
$154,000
Premium/Discount to List
-$25,900
-14.4%
Views
60

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.11%

Purchase Details

Closed on
Sep 3, 2021
Sold by
Tubbs Veronica L and Tubbs Kenneth J
Bought by
M/E Rental Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 7, 2017
Closed on
May 19, 2017
Sold by
Merrill James Douglas and Merrill Jodie
Bought by
Tubbs Veronica L and Tubbs Kenneth J
Seller's Agent
Lynda Lambert
Traditions Realty, LLC
Buyer's Agent
John Bradley
Traditions Realty, LLC
List Price
$120,000
Sold Price
$117,500
Premium/Discount to List
-$2,500
-2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.13%
Original Mortgage
$88,125
Interest Rate
4.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $154,000 Security Title Services
Warranty Deed $151,000 Title Services Inc
Deed -- Royal Title Services
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $151,000 Commercial
Previous Owner $88,125 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Pending -- -- --
06/18/2025 06/18/25 For Sale $265,000 0.0% --
05/29/2025 05/29/25 Pending -- -- --
05/19/2025 05/19/25 For Sale $265,000 +72.1% --
05/01/2023 05/01/23 Sold $154,000 -14.4% --
04/24/2023 04/24/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $179,900 +53.1% --
05/19/2017 05/19/17 Sold $117,500 -2.1% --
05/09/2017 05/09/17 Pending -- -- --
03/10/2017 03/10/17 For Sale $120,000 +2.1% --
03/10/2017 03/10/17 Off Market $117,500 -- --
03/06/2017 03/06/17 For Sale $120,000 -- --
Source: MIBOR Broker Listing Cooperative®

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 $3,077 $185,700 $13,500 $172,200
2023 $2,999 $170,700 $13,500 $157,200
2022 $2,841 $160,700 $13,500 $147,200
2021 $2,594 $138,700 $13,500 $125,200
2020 $2,465 $130,500 $13,500 $117,000
2019 $2,408 $129,700 $13,500 $116,200
2018 $2,297 $125,100 $13,500 $111,600
2017 $4,131 $223,900 $13,500 $210,400
2016 $3,716 $210,500 $13,500 $197,000
2014 $3,467 $197,100 $13,500 $183,600
2013 $3,698 $197,100 $13,500 $183,600
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21469866

MIBOR Broker Listing Cooperative®

APN: 06-13-35-000-012.023-015