NOT LISTED FOR SALE

1301 Main St Elwood, IN 46036

Estimated Value: $64,000 - $103,151

-- Bed
2 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold January 29, 2021

Last sale price $50,000

Est. 79% increase in value since last sale

Current estimated payment $552/month

107 Days on Market

About This Home

As of January 2021

Looking for an Investment property that has tenants and shows a positive inome, look no further. The bottom unit was used as a real estate offic and insurance office at one time and then conveerted into a 2 bedroom aartment, could easily be converted back to an office if needing office space with income from the apartment. Both units include a 2 bedroom and one bath, living room and kitchen. Off street parking, large parking area to the back. Gutters new in 2019, new electric water heater, hot water boiler tank and gas furnace new in 2018. Roof was put on in 2012.

Last Agent to Sell the Property

Diana Dunham

Keller Williams Indy Metro NE License #RB14040772 Listed on: 09/06/2020

Keller Williams Indy Metro NE

Last Buyer's Agent

Trudy Paige

RE/MAX Advanced Realty

RE/MAX Advanced Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,234

Year Built

  • Built in 1945

Lot Details

  • 6,098

Parking

  • Driveway

Home Design

  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 6,098 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for noutil
  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 480416101071000027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,234

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Multi-Level
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1945
  • Lot Size Acres: 0.14
  • Road Frontage Type: HwyState
  • Road Surface Type: Asphalt
  • Structure Type: Duplex, FreeStand
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: General
  • Property Description: Looking for an Investment property that has tenants and shows a positive inome, look no further. The bottom unit was used as a real estate offic and insurance office at one time and then conveerted into a 2 bedroom aartment, could easily be converted back to an office if needing office space with income from the apartment. Both units include a 2 bedroom and one bath, living room and kitchen. Off street parking, large parking area to the back. Gutters new in 2019, new electric water heater, hot water boiler tank and gas furnace new in 2018. Roof was put on in 2012.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: Two
  • Owner Pays: Electricity, Gas, Water
  • Possible Use: Office, Residential
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 1850
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Asphalt
  • List Price: 59900
  • Road Access: HwyState

Garage/Parking

  • Unit Parking: Guest Parking,Paved Area

Utilities

  • Solid Waste: 1
  • HVAC: New boiler furnace 2018

Fee Information

  • Expenses: 6831

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 480416101071000027
  • Zoning: Residential
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks,Street Lights,Tree Mature
  • Lot Number: 0
  • Lot Size: 6098

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: NoUtil

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1234
  • Semi Annual Property Tax Amt: 617
  • Tax Exemption: None

MLS Schools

  • School District: Elwood Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2020
Closed on
Jan 29, 2021
Sold by
Dj3 Properties Llc
Bought by
Mitchell David
Seller's Agent
Diana Dunham
Keller Williams Indy Metro NE
Buyer's Agent
Trudy Paige
RE/MAX Advanced Realty
List Price
$59,900
Sold Price
$50,000
Premium/Discount to List
-$9,900
-16.53%
Current Estimated Value
$89,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,538
Avg. Annual Appreciation
13.26%
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
Mitchell David -- Fidelity National Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2021 01/29/21 Sold $50,000 -16.5% --
12/23/2020 12/23/20 Pending -- -- --
09/06/2020 09/06/20 For Sale $59,900 -- --
Source: MIBOR Broker Listing Cooperative®

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 $912 $45,600 $6,900 $38,700
2023 $876 $43,800 $6,900 $36,900
2022 $886 $43,800 $6,900 $36,900
2021 $820 $41,000 $6,900 $34,100
2020 $1,240 $42,100 $7,000 $35,100
2019 $1,243 $41,100 $7,000 $34,100
2018 $1,243 $41,100 $7,000 $34,100
2017 $1,173 $39,100 $7,000 $32,100
2016 $1,183 $39,100 $7,000 $32,100
2014 $1,185 $39,500 $7,000 $32,500
2013 $1,185 $39,500 $7,000 $32,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21737331

MIBOR Broker Listing Cooperative®

APN: 48-04-16-101-071.000-027