NOT LISTED FOR SALE

1225 Monroe St Rochester, IN 46975

Estimated Value: $127,000 - $141,380

3 Beds
2 Baths
1,460 Sq Ft
$91/Sq Ft Est. Value

Last Sold April 29, 2021

Last sale price $80,000 $55 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $760/month

29 Days on Market

About This Home

As of April 2021

2 units for 1 price. Main floor unit has 2 bedrooms and 1 bath and 860 sq ft, upper unit is 1 bedroom and 1 bath and 600 sq. ft. 1 car detached garage. Vacant but ready to rent. Upper unit is total electric

Last Agent to Sell the Property

Gwen Hornstein

Rochester Realty, LLC Listed on: 03/10/2021

Last Buyer's Agent

Gwen Hornstein

Rochester Realty, LLC Listed on: 03/10/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,328

Year Built

  • Built in 1930

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 55 x 312
  • Level Lot

Parking

  • 3 Parking Spaces

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, electric, heating, trash collection, water
  • The owner pays for building insurance, tax
  • Assessor Parcel Number 25-07-92-407-009.000-009

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 2 Separate Water Meters
  • Insurance Expense $700
  • Trash Expense $312

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,328

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1930
  • Age: 91
  • Style: One and Half Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Lot 260 R & H
  • Parcel Number ID: 25-07-92-407-009.000-009
  • Platted: Yes
  • Amenities: Cable Available
  • Sp Lp Percent: 95.81
  • Special Features: None

Interior Features

  • Total Sq Ft: 2060
  • Total Finished Sq Ft: 1460
  • Above Grade Finished Sq Ft: 1460
  • Below Grade Sq Ft: 600
  • Price Per Sq Ft: 54.79
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 600
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 700
  • Annual Trash Expense: 312
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 2

Schools

  • School District: Rochester Community School Corp.
  • Elementary School: Columbia / Riddle
  • Middle School: Rochester
  • High School: Rochester

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 55 x 312
  • Estimated Lot Sq Ft: 7405
  • Estimated Lot Size Acres: 0.17

Rental Info

  • Owner Pays: Building Insurance, Tax
  • Tenant Pays: Cable, Electric, Heating, Trash Collection, Water

Tax Info

  • Annual Property Tax: 1328.08

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2021
Closed on
Apr 29, 2021
Sold by
Lisa Nichols
Bought by
Furnivall Ronald G
Seller's Agent
Gwen Hornstein
Rochester Realty, LLC
Buyer's Agent
Gwen Hornstein
Rochester Realty, LLC
List Price
$83,500
Sold Price
$80,000
Premium/Discount to List
-$3,500
-4.19%
Current Estimated Value
$132,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,272
Avg. Annual Appreciation
11.52%
Original Mortgage
$64,000
Outstanding Balance
$49,441
Interest Rate
2.4%
Mortgage Type
Construction
Estimated Equity
$78,280
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
Furnivall Ronald G $80,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Furnivall Ronald G $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2021 04/29/21 Sold $80,000 -4.2% $55 / Sq Ft
03/10/2021 03/10/21 For Sale $83,500 -- $57 / 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 $433 $86,700 $10,900 $75,800
2023 $454 $87,600 $10,900 $76,700
2022 $357 $77,900 $10,900 $67,000
2021 $322 $65,600 $10,900 $54,700
2020 $1,328 $65,600 $10,900 $54,700
2019 $1,325 $65,600 $10,900 $54,700
2018 $1,315 $65,000 $10,900 $54,100
2017 $1,302 $64,500 $10,900 $53,600
2016 $1,304 $64,500 $10,900 $53,600
2014 $1,276 $63,700 $10,900 $52,800
2013 $1,276 $62,500 $10,900 $51,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202107555

Indiana Regional MLS

APN: 25-07-92-407-009.000-009