NOT LISTED FOR SALE

121 W South C St Gas City, IN 46933

Estimated Value: $128,000 - $168,000

6 Beds
3 Baths
1,650 Sq Ft
$93/Sq Ft Est. Value

Last Sold April 10, 2023

Last sale price $80,000 $48 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $1,072/month

8 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Level Lot
  • Covered Patio or Porch

About This Home

As of April 2023

Apartment #1 is a downstairs unit and contains 2 bedrooms with a kitchen, living room, 1 bath and stack washer/dryer which rents for 125$ a week the door on the right side. Apartment #2 is to the left and is upstairs it contains 2 bedrooms with a kitchen, washer and dryer and rents for 550 a month. Both of those units share an electric water heater that is located in apartment #1. Seller pays water and sewer for both of these units. Apartment #3 is a converted garage with access off of the alley. This apartment rents for $550 a month and tenant pays all utilities. It is a 2 bedroom with a washer and dryer hook up. All appliances remain in all units. Must have a 24 hour notice to show. All units are on month to month basis.

Last Agent to Sell the Property

Cyndi Reneau

Moving Real Estate Listed on: 03/09/2023

Last Buyer's Agent

Wesley Ropp

Moving Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 56x132
  • Level Lot

Home Design

  • Triplex
  • Converted Dwelling
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,650 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Laminate Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Washer Hookup

Parking

  • 3 Parking Spaces
  • Gravel Driveway
  • Dirt Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Westview/Northview Elementary School
  • R J Basket Middle School
  • Mississinewa High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, electric, heating
  • The owner pays for lawn maintenance, sewer, water
  • Assessor Parcel Number 27-07-33-401-196.000-018

Community Details

Overview

  • 3 Units
  • Gas City Land Subdivision

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,103
  • Maintenance Expense $1,000
  • Trash Expense $1,200
  • Water Sewer Expense $2,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1960
  • Style: Two Story
  • Architectural Style: Converted House
  • Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 23-11-2577, 2558.01; LOT 140 & 23' W/SD LOT 141 G C L COS 6TH ADD
  • Parcel Number ID: 27-07-33-401-196.000-018
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Countertops-Laminate, Porch Covered, Water Heater Electric, Washer Hook-Up
  • Location: City/Town/Suburb
  • Special Features: None

Interior Features

  • Total Sq Ft: 1650
  • Total Finished Sq Ft: 1650
  • Above Grade Finished Sq Ft: 1650
  • Basement Foundation: Crawl
  • Flooring: Laminate, Wood
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Dirt, Gravel
  • Number Of Parking Spaces: 3
  • Parking: Off Street, Street

Utilities

  • Cooling: Wall AC, Heat Pump
  • Heating Fuel: Baseboard, Wall Heater
  • Sewer: City
  • Water Utilities: City
  • Cable Company: Spectrum
  • Annual Insurance Expense: 1103
  • Annual Maintenance Expense: 1000
  • Annual Trash Expense: 1200
  • Annual Water Sewer Expense: 2400
  • Number Electric Meters: 3
  • Number Of W D Hookups: 3
  • Number Water Meters: 2

Schools

  • Elementary School: Westview/Northview

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 56x132
  • Estimated Lot Sq Ft: 7405
  • Estimated Lot Size Acres: 0.17

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Lawn Maintenance, Sewer, Water
  • Tenant Pays: Cable, Electric, Heating

Tax Info

  • Annual Property Tax: 2266

Multi Family

  • Number Of Dryers: 2
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 3

MLS Schools

  • High School: Mississinewa
  • Middle School: R J Basket
  • School District: Mississinewa Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2024
Sold by
M-R Home Rentals Llc
Bought by
Krueger James W and Krueger Lisa M
Current Estimated Value
$153,489

Purchase Details

Listed on
Mar 9, 2023
Closed on
Apr 6, 2023
Sold by
Moore Jeffrey A
Bought by
M-R Home Rentals Llc
Seller's Agent
Cyndi Reneau
Moving Real Estate
Buyer's Agent
Wesley Ropp
Moving Real Estate
List Price
$80,000
Sold Price
$80,000
Views
53

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.11%
Original Mortgage
$64,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2018
Sold by
Arnett David M and Arnett Teresa K
Bought by
Moore Jeffrey A

Purchase Details

Listed on
Jun 20, 2016
Closed on
May 1, 2017
Sold by
Moore Jeffrey A
Bought by
Arnett David M
Seller's Agent
Brad Taflinger
Taflinger Real Estate Group
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$28,000
Sold Price
$12,576
Premium/Discount to List
-$15,424
-55.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.95%

Purchase Details

Listed on
Jun 20, 2016
Closed on
Apr 6, 2017
Sold by
Secretary Of Housing And Urban Developme
Bought by
Moore Jeffrey A
Seller's Agent
Brad Taflinger
Taflinger Real Estate Group
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$28,000
Sold Price
$12,576
Premium/Discount to List
-$15,424
-55.09%

Purchase Details

Closed on
Jul 31, 2015
Sold by
Bank Of America Na
Bought by
Secretary Of Hud

Purchase Details

Closed on
Jul 29, 2015
Sold by
Smith Paul J
Bought by
Bank Of America Na

Purchase Details

Closed on
Jan 30, 2008
Sold by
Homecomings Financial Network Inc
Bought by
Smith Paul J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,691
Interest Rate
6.1%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 28, 2007
Sold by
Niverson Edward C and Niverson Bethen R
Bought by
Homecomkings Financial Network Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Krueger James W -- None Listed On Document
M-R Home Rentals Llc $80,000 None Listed On Document
Moore Jeffrey A -- --
Arnett David M $13,000 --
Moore Jeffrey A -- Sycamore Land Title
Secretary Of Hud -- None Available
Bank Of America Na $30,240 None Available
Smith Paul J -- None Available
Homecomkings Financial Network Inc $74,442 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner M-R Home Rentals Llc $64,000
Previous Owner Smith Paul J $19,691
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/10/2023 04/10/23 Sold $80,000 0.0% $48 / Sq Ft
03/17/2023 03/17/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $80,000 +536.1% $48 / Sq Ft
04/07/2017 04/07/17 Sold $12,576 -40.1% $8 / Sq Ft View Prior Sale
10/21/2016 10/21/16 Pending -- -- --
09/27/2016 09/27/16 Price Changed $21,000 -25.0% $13 / Sq Ft
09/08/2016 09/08/16 For Sale $28,000 +122.6% $17 / Sq Ft
09/01/2016 09/01/16 Off Market $12,576 -- --
08/23/2016 08/23/16 For Sale $28,000 0.0% $17 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
06/20/2016 06/20/16 For Sale $28,000 -- $17 / 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 $3,172 $158,600 $10,000 $148,600
2023 $2,774 $138,700 $10,000 $128,700
2022 $2,618 $130,900 $8,700 $122,200
2021 $2,336 $116,800 $8,700 $108,100
2020 $2,266 $113,300 $8,700 $104,600
2019 $1,358 $67,900 $8,700 $59,200
2018 $1,358 $67,900 $8,700 $59,200
2017 $1,324 $66,200 $8,700 $57,500
2016 $1,284 $64,200 $8,700 $55,500
2014 $443 $86,100 $8,700 $77,400
2013 $443 $78,600 $8,700 $69,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202306940

Indiana Regional MLS

APN: 27-07-33-401-196.000-018