NOT LISTED FOR SALE

1223 Wabash St Michigan City, IN 46360

Estimated Value: $141,000 - $161,821

4 Beds
2 Baths
2,576 Sq Ft
$58/Sq Ft Est. Value

Last Sold March 15, 2019

Last sale price $70,114 $27 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $967/month

23 Days on Market

Highlights

  • Detached Garage
  • Community Deck or Porch
  • Community Storage Space

About This Home

As of March 2019

Two unit property seeking new investor as owner! Both units are currently occupied on month to month leases generating $500 per month for lower and $575 per month for upper. Each unit has its own electrical box and gas meter. Current owner pays for the shared water. Both units have 2 beds, a dining room, living room, kitchen, den/additional living space, and a full bath. These are very large apartments and most of the rooms have hardwood floors. Call today to start earning money for the future. Garage on property has no value.

Last Agent to Sell the Property

Samantha Greenwood

Blackrock Real Estate Services License #RB16001351 Listed on: 01/21/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,015

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • Detached Garage

Home Design

  • 2,576 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 460132203025000022

Community Details

Overview

  • 2 Units
  • Thornton's Patch Subdivision

Amenities

  • Community Deck or Porch
  • Community Storage Space

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,015

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1900
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Deck/Patio, Pets Allowed, Storage Shed
  • Co List Office Mls Id: GNR726
  • Subdivision Name: Thornton's Patch
  • GNR_TotalBathrooms: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Acres: 0.14

Garage/Parking

  • Parking Features: Detached

Lot Info

  • Lot Size Sq Ft: 6098
  • Parcel #: 460132203025000022

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2019
Closed on
Mar 13, 2019
Sold by
Frierson Trust
Bought by
Cogan Colin B
Seller's Agent
Samantha Greenwood
Blackrock Real Estate Services
List Price
$70,114
Sold Price
$70,114
Current Estimated Value
$149,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,591
Avg. Annual Appreciation
12.14%
Original Mortgage
$52,585
Outstanding Balance
$46,231
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$103,474

Purchase Details

Closed on
Feb 11, 2011
Sold by
Stewart Samara Lycain
Bought by
Sandra Lynn Frierson Trust

Purchase Details

Closed on
Jan 14, 2010
Sold by
Frierson Sandra Lynn and Frierson Sandra L
Bought by
Stewart Samara Lycain

Purchase Details

Closed on
Jan 25, 2005
Sold by
Gmac Mortgage Corp
Bought by
Frierson Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,100
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac
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
Cogan Colin B -- None Available
Sandra Lynn Frierson Trust -- None Available
Stewart Samara Lycain -- None Available
Frierson Sandra L -- Century Title Svcs
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cogan Colin B $52,585
Previous Owner Frierson Sandra L $53,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2019 03/15/19 Sold $70,114 0.0% $27 / Sq Ft
02/13/2019 02/13/19 Pending -- -- --
01/21/2019 01/21/19 For Sale $70,114 -- $27 / Sq Ft
Source: Northwest Indiana 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 $2,188 $118,300 $8,900 $109,400
2022 $1,676 $113,500 $8,500 $105,000
2021 $1,676 $83,400 $8,100 $75,300
2020 $1,082 $83,400 $8,100 $75,300
2019 $1,284 $59,400 $7,400 $52,000
2018 $1,094 $49,900 $6,500 $43,400
2017 $1,015 $45,800 $5,100 $40,700
2016 $1,045 $47,300 $5,100 $42,200
2014 $1,138 $56,700 $5,100 $51,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR448577

Northwest Indiana Association of REALTORS®

APN: 46-01-32-203-025.000-022