NOT LISTED FOR SALE

120 S Franklin St Garrett, IN 46738

Estimated Value: $98,000 - $239,000

-- Bed
8 Baths
5,368 Sq Ft
$35/Sq Ft Est. Value

Last Sold May 18, 2012

Last sale price $77,900 $15 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $1,035/month

599 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Level Lot
  • Porch
  • Hot Water Heating System
  • 5-minute walk to Eastside Park

About This Home

As of May 2012

Great income producing property. All 8 units are currently rented. Tons of storage. Brand new boiler. Avg. heating is $400 per month. Convenient location within walking distance of downtown, school, and library. Priced to sell. 24 Hrs. Notice for all showings.

Last Agent to Sell the Property

Teri Davis-Foster

Mike Thomas Associates, Inc. Listed on: 09/24/2010

Mike Thomas Associates, Inc.

Last Buyer's Agent

Cheryl Carnahan

Mike Thomas Associates, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1878

Lot Details

  • 6,273 Sq Ft Lot
  • Lot Dimensions are 68x92
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Stucco Exterior

Interior Spaces

  • 8 Full Bathrooms
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet

Schools

  • J.E. Ober Elementary School
  • Garrett Middle School
  • Garrett High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, fuel, heating, lawn maintenance, maintenance, snow removal, sewer, tax, trash collection, water
  • Assessor Parcel Number 170903109044000013

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • Fuel Expense $4,692
  • Insurance Expense $600
  • Maintenance Expense $2,000
  • Trash Expense $1,440
  • Water Sewer Expense $5,400

Additional Features

  • 8 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Year Built

Built in 1878

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Eightplex
  • Year Built: 1878
  • Age: 134
  • Style: Two Story
  • Total Bathrooms: 8
  • Total Full Bathrooms: 8
  • Legal Description: Lot 13 & 14 OP E 92 & Lot 15 OP S 18' O E 92' |
  • Parcel Number ID: 170903109044000013
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Near Walking Trail, Storage, Porch Open, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 64.97
  • State Id: 17-09-03-109-044.000-013
  • Year Taxes Payable: 2010
  • Special Features: 12

Interior Features

  • Total Sq Ft: 8084
  • Total Finished Sq Ft: 5368
  • Above Grade Finished Sq Ft: 5368
  • Below Grade Sq Ft: 2716
  • Price Per Sq Ft: 14.51
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Wood
  • Total Below Grade Sq Ft: 2716
  • Number Of Ranges Ovens: 8

Exterior Features

  • Exterior: Stucco
  • Stories: 2

Utilities

  • Heating Fuel: Gas, Hot Water
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 4692
  • Annual Insurance Expense: 600
  • Annual Maintenance Expense: 2000
  • Annual Trash Expense: 1440
  • Annual Water Sewer Expense: 5400

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Garrett Keyser Butler
  • Elementary School: J.E. Ober
  • Middle School: Garrett Middle
  • High School: Garrett High
  • Elementary School: J.E. Ober

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 68x92
  • Estimated Lot Sq Ft: 6273
  • Estimated Lot Size Acres: 0.14
  • Lot Number: 13

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Fuel, Heating, Lawn Maintenance, Maintenance, Snow Removal, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Electric

Tax Info

  • Annual Property Tax: 3505.56

Multi Family

  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 8
  • Number Of Units: 8
  • Num Of1 Bedrooms: 6
  • Num Of2 Bedrooms: 2
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 8

MLS Schools

  • High School: Garrett High
  • Middle School: Garrett Middle
  • School District: Garrett Keyser Butler

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2010
Closed on
May 18, 2012
Sold by
Garman Kathleen
Bought by
Mcm Property Investments Llc
Seller's Agent
Teri Davis-Foster
Mike Thomas Associates, Inc.
Buyer's Agent
Cheryl Carnahan
Mike Thomas Associates, Inc.
List Price
$129,900
Sold Price
$77,900
Premium/Discount to List
-$52,000
-40.03%
Total Days on Market
599
Current Estimated Value
$185,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,767
Avg. Annual Appreciation
6.83%

Purchase Details

Closed on
Aug 15, 2000
Sold by
Heiser Charles and Heiser Barbara+
Bought by
Skelly Gregory A and Skelly Farmer
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
Mcm Property Investments Llc -- Lawyers Title
Skelly Gregory A $140,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2012 05/18/12 Sold $77,900 -40.0% $15 / Sq Ft
05/15/2012 05/15/12 Pending -- -- --
09/24/2010 09/24/10 For Sale $129,900 -- $24 / 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 $165 $8,600 $8,600 $0
2023 $167 $7,800 $7,800 $0
2022 $128 $6,400 $6,400 $0
2021 $114 $5,700 $5,700 $0
2020 $121 $5,500 $5,500 $0
2019 $116 $5,500 $5,500 $0
2018 $116 $5,500 $5,500 $0
2017 $121 $5,500 $5,500 $0
2016 $121 $5,500 $5,500 $0
2014 $110 $5,500 $5,500 $0
2013 $110 $5,500 $5,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Teri Davis-Foster

    Seller's Agent in 2012

    Teri Davis-Foster

    Mike Thomas Associates, Inc.

    (260) 927-3168

    26 in this area

    108 Total Sales

    Teri Davis-Foster
    Section Image

  • C

    Buyer's Agent in 2012

    Cheryl Carnahan

    Mike Thomas Associates, Inc.

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Map

Source: Indiana Regional MLS

MLS Number: 201011712

Indiana Regional MLS

APN: 17-09-03-109-044.000-013

Indiana Dekalb County Garrett 46738

120 S Franklin St, Garrett, IN

This home is located at 120 S Franklin St, Garrett, IN 46738 since 24 September 2010 and is currently estimated at $185,667, approximately $34 per square foot. This property was built in 1878. 120 S Franklin St is a home located in DeKalb County with nearby schools including J.E. Ober Elementary School, Garrett Middle School, and Garrett 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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