NOT LISTED FOR SALE

1221 N Anderson St Elwood, IN 46036

Estimated Value: $49,000 - $154,000

1 Bed
1 Bath
1,322 Sq Ft
$74/Sq Ft Est. Value

Last Sold October 04, 2021

Last sale price $55,000 $42 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $567/month

107 Days on Market

Highlights

  • 0.38 Acre Lot
  • Covered Patio or Porch
  • Eat-In Kitchen
  • Traditional Architecture
  • 2 Car Detached Garage
  • Cedar Closet

About This Home

As of October 2021

Property is being used a rental presently. Large house has 1 bedroom with a closet but the other 2 bonus rooms are being used as bedrooms. Closets could easily be built in these rooms. LR, kitchen with lots of cabinets, bathroom with large walk in shower, nice big utility room. Lots of closet space too. GFA/Central Air. Presently rented. 2 car detached garage has a 1 bedroom rental in the rear. LR, small kitchen, 1 bedroom and nice bathroom along with a large utility room. GFA/ Central Air. Includes 4 storage sheds. Good roofs on both buildings. House rented for $575 and Garage Apartment rents for $450. They pay all their own utilities. Listed in Residential MLS #202123193 House is vacant and Garage Apartment rents for $450. They pay all their own utilities. (House pays water for both properties)

Last Agent to Sell the Property

Terri Brenner

Casual Lifestyles Realty Listed on: 06/15/2021

Last Buyer's Agent

Diana Martin

NonMember MEIAR

NonMember MEIAR

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 0.38 Acre Lot
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,322 Sq Ft Home
  • 1-Story Property
  • Eat-In Kitchen
  • Laundry in Utility Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • Cedar Closet
  • 1 Full Bathroom

Basement

  • Block Basement Construction
  • Crawl Space

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater
  • Water Softener is Owned

Listing and Financial Details

  • Tenant pays for cable, electric, fuel, sewer, trash collection, water
  • The owner pays for building insurance
  • Assessor Parcel Number 48-04-10-202-051.000-027

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $800
  • Maintenance Expense $500

Additional Features

  • 2 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1940
  • Age: 81
  • Style: One Story
  • Architectural Style: Traditional
  • Bedrooms: 1
  • Number Above Grade Bedrooms: 1
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: BEECHLAND 0.0000ACRES STR Lots 5, 6
  • Parcel Number ID: 48-04-10-202-051.000-027
  • Platted: Yes
  • Amenities: Storage, Closet(s) Cedar, Eat-In Kitchen, Porch Covered, Water Heater Electric, Water Softener-Owned
  • Parcel Id2: 48-04-10-202-052.000-027
  • Sp Lp Percent: 78.68
  • Monthly Gross Income: 1025
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1322
  • Total Finished Sq Ft: 1322
  • Above Grade Finished Sq Ft: 1322
  • Price Per Sq Ft: 41.6
  • Basement Foundation: Crawl, Slab
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum, Vinyl
  • Roof Material: Asphalt
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Cable Company: Comcast
  • Annual Insurance Expense: 800
  • Annual Maintenance Expense: 500
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 2

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

  • School District: Elwood Community School Corp.

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 0.38 acres
  • Estimated Lot Sq Ft: 16553
  • Estimated Lot Size Acres: 0.38

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Building Insurance
  • Tenant Pays: Cable, Electric, Fuel, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1025
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 1
  • Number Of 3 Bedrooms: 3
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1694

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 4, 2023
Sold by
Payne Rickie R
Bought by
Booker Emily A and Leisure Drew O
Current Estimated Value
$98,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,020
Outstanding Balance
$196,717
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
-$78,050

Purchase Details

Listed on
Jun 15, 2021
Closed on
Oct 1, 2021
Sold by
Patton Rex A and Patton Sheri A
Bought by
Payne Rickie R
Seller's Agent
Terri Brenner
Casual Lifestyles Realty
Buyer's Agent
Diana Martin
NonMember MEIAR
List Price
$69,900
Sold Price
$55,000
Premium/Discount to List
-$14,900
-21.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.92%

Purchase Details

Closed on
Aug 24, 2018
Sold by
Patton Testamentary Trust
Bought by
Patton Rex A and Patton Sheri A
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
Booker Emily A -- --
Payne Rickie R $56,000 None Available
Patton Rex A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Booker Emily A $202,020
Previous Owner Patton Dorothy Mae $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2021 10/04/21 Sold $55,000 -21.3% $42 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $69,900 0.0% $53 / Sq Ft
09/10/2021 09/10/21 Price Changed $69,900 -9.1% $53 / Sq Ft
08/15/2021 08/15/21 Pending -- -- --
08/10/2021 08/10/21 Price Changed $76,900 -3.9% $58 / Sq Ft
06/15/2021 06/15/21 For Sale $80,000 -- $61 / 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 $399 $39,900 $11,900 $28,000
2023 $368 $36,800 $11,300 $25,500
2022 $727 $36,100 $10,600 $25,500
2021 $678 $33,900 $10,600 $23,300
2020 $649 $32,200 $10,100 $22,100
2019 $637 $31,600 $10,100 $21,500
2018 $609 $30,200 $10,100 $20,100
2017 $600 $30,000 $10,100 $19,900
2016 $723 $35,000 $10,100 $24,900
2014 $704 $34,400 $10,100 $24,300
2013 $704 $34,600 $10,100 $24,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202123204

Indiana Regional MLS

APN: 48-04-10-202-052.000-027