$70,000
SOLD DEC 12, 2016
-- Bed
-- Bath
-- Sq Ft
2,483 Sq Ft Lot

Recently Sold

7% Below List Price

220 Days on Market

About This Home

As of February 2019

Property is 100% tenanted generating $3993 monthly income!!!! 27% CAP rate!

This property includes a building used for office/retail space and a multi-family residence including 6 apartments. The retail building is 1 story and is 1,669 sq ft. The additional building has office/retail space and 1 apartment on the 1st floor and 5 apartments on the 2nd floor with a total of 3,572 sq ft.

Last Agent to Sell the Property

Charlene Gaard

No Limit Real Estate, LLC License #RB14033327 Listed on: 09/17/2015

Last Buyer's Agent

Charlene Gaard

No Limit Real Estate, LLC License #RB14033327 Listed on: 09/17/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Home Design

  • Aluminum Siding

Additional Features

  • 2-Story Property
  • 2,483 Sq Ft Lot

Community Details

  • I Spencers Add Subdivision

Listing and Financial Details

  • Tenant pays for notapplic
  • The owner pays for notapplic
  • Assessor Parcel Number 790721127002000004

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub Type: 5+Units Commercial
  • Architectural Style: Other
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2014
  • Year Built: 1945
  • Lot Size Acres: 0.057
  • Subdivision Name: I SPENCERS ADD
  • Inspection Warranties: Not Applicable
  • Property Description: Property is 100% tenanted generating $3993 monthly income!!!! 27% CAP rate! This property includes a building used for office/retail space and a multi-family residence including 6 apartments. The retail building is 1 story and is 1,669 sq ft. The additional building has office/retail space and 1 apartment on the 1st floor and 5 apartments on the 2nd floor with a total of 3,572 sq ft.
  • Transaction Type: Sale
  • Unit Count: 1
  • Conversion: 1
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: NotApplic
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • List Price: 75000

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Current Use: Office
  • Parcel Number: 790721127002000004
  • Zoning: C-1
  • Acres: <1/4 Acre
  • Lot Information: Access Street
  • Lot Number: 20
  • Lot Size: 2,483

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: NotApplic

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 3924
  • Semi Annual Property Tax Amt: 1962
  • Tax Exemption: None
  • Multiple Tax I D: 790721127003000004

MLS Schools

  • School District: Lafayette School Corp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2018
Closed on
Jan 31, 2019
Sold by
Frank Gilbert V
Bought by
Shaw Nathaniel
Seller's Agent
Charlene Gaard
No Limit Real Estate, LLC
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$120,000
Sold Price
$92,000
Premium/Discount to List
-$28,000
-23.33%
Current Estimated Value
$733,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$641,184
Avg. Annual Appreciation
37.55%

Purchase Details

Listed on
Sep 17, 2015
Closed on
Dec 12, 2016
Sold by
Wesan Trust
Bought by
Frank Gilbert V
Seller's Agent
Charlene Gaard
No Limit Real Estate, LLC
Buyer's Agent
Charlene Gaard
No Limit Real Estate, LLC
List Price
$75,000
Sold Price
$70,000
Premium/Discount to List
-$5,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.62%

Purchase Details

Closed on
Jun 26, 2007
Sold by
Sanders Mark E and Sanders Sara
Bought by
Wesan Trust

Purchase Details

Closed on
Aug 29, 2002
Sold by
Sanders Wiley E and Sanders Martha J
Bought by
Marwes Family Trust
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 Type Sale Price Title Company
Warranty Deed -- None Available
Deed -- --
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $104,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2019 02/01/19 Sold $92,000 -23.3% --
01/25/2019 01/25/19 Pending -- -- --
11/07/2018 11/07/18 For Sale $120,000 +71.4% --
12/12/2016 12/12/16 Sold $70,000 0.0% --
04/25/2016 04/25/16 Pending -- -- --
04/04/2016 04/04/16 Off Market $70,000 -- --
03/14/2016 03/14/16 For Sale $75,000 +7.1% --
03/08/2016 03/08/16 Off Market $70,000 -- --
02/08/2016 02/08/16 Price Changed $75,000 -31.8% --
09/17/2015 09/17/15 For Sale $109,900 -- --
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
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21377209

MIBOR Broker Listing Cooperative®

APN: 79-07-21-127-002.000-004