NOT LISTED FOR SALE

131 Spring St Plainfield, IN 46168

Estimated Value: $167,000 - $191,000

1 Bed
1 Bath
624 Sq Ft
$289/Sq Ft Est. Value

Last Sold March 30, 2021

Last sale price $130,000 $208 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,240/month

3 Days on Market

Highlights

  • Traditional Architecture
  • Van Buren Elementary School Rated A
  • Property is Fully Fenced

About This Home

As of March 2021

Check out this incredible cash flowing 100% occupied, separately metered duplex, just walking distance to downtown Plainfield. Each side offers one bedroom and one bath in an open concept layout with a walk out back patio off of the kitchens and a basement for storage/parking as well. This property includes a large fenced-in yard space and multiple areas for off street parking. Don't miss this great investment opportunity!

Last Listed By

Jordan Moody

Keller Williams Indpls Metro N License #RB15001355 Listed on: 02/04/2021

Keller Williams Indpls Metro N

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,934

Year Built

  • Built in 1940

Lot Details

  • 0.3 Acre Lot
  • Property is Fully Fenced

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture

Interior Spaces

  • 2-Story Property
  • Basement

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for no utilities
  • Assessor Parcel Number 321026386001000012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,934

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1940
  • Lot Size Acres: 0.3
  • Structure Type: Duplex
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: Check out this incredible cash flowing 100% occupied, separately metered duplex, just walking distance to downtown Plainfield. Each side offers one bedroom and one bath in an open concept layout with a walk out back patio off of the kitchens and a basement for storage/parking as well. This property includes a large fenced-in yard space and multiple areas for off street parking. Don't miss this great investment opportunity!
  • Transaction Type: Sale
  • Website: moodycompany.com
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: No Utilities
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Block
  • Disclosures: Not Applicable
  • Exterior Features: Fence Complete
  • List Price: 120000
  • Road Access: CityStreet

Garage/Parking

  • Garage Spaces: 2
  • Unit Parking: 1 Car Garage,1 Car Space

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 4620

Lot Info

  • Parcel Number: 321026386001000012
  • Acres: 1/4-1/2 Acre
  • Lot Information: Access Street
  • Lot Number: X
  • Lot Size: 13,068

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Net Operating Income: 8880
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1934
  • Semi Annual Property Tax Amt: 967
  • Tax Exemption: None

MLS Schools

  • School District: Plainfield Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2021
Closed on
Mar 30, 2021
Sold by
Stewardship Indiana Llc
Bought by
Bybee Keith T and Bybee Megan E
Seller's Agent
Jordan Moody
Keller Williams Indpls Metro N
Buyer's Agent
Jan Mathis
Mathis Real Estate
List Price
$120,000
Sold Price
$130,000
Premium/Discount to List
$10,000
8.33%
Total Days on Market
3
Current Estimated Value
$180,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,379
Avg. Annual Appreciation
8.13%
Original Mortgage
$97,500
Outstanding Balance
$88,911
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$90,599

Purchase Details

Closed on
Feb 22, 2019
Sold by
Stouts Real Estate Llc
Bought by
Stewardship Indiana Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
4.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 7, 2006
Sold by
Stout Bobby and Stout Theresa
Bought by
Stouts Real Estate Llc

Purchase Details

Closed on
Jun 7, 2006
Sold by
Johnson Ronald M and Johnson Louise
Bought by
Stout Bobby and Stout Theresa

Purchase Details

Closed on
Apr 1, 2005
Sold by
Johnson Ronald M and Johnson Louise C
Bought by
Stout Bobby and Stout Theresa

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
Bybee Keith T $130,000 None Available
Stewardship Indiana Llc $81,000 Monument Title Ins Co
Stouts Real Estate Llc -- None Available
Stout Bobby -- None Available
Stout Bobby -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bybee Keith T $97,500
Previous Owner Stewardship Indiana Llc $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2021 03/30/21 Sold $130,000 +8.3% $208 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $120,000 -- $192 / Sq Ft
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 $2,884 $148,700 $30,100 $118,600
2023 $2,822 $141,600 $28,700 $112,900
2022 $2,668 $133,400 $27,000 $106,400
2021 $2,430 $121,500 $26,300 $95,200
2020 $2,072 $103,600 $26,300 $77,300
2019 $1,934 $96,700 $19,400 $77,300
2018 $1,888 $94,400 $19,400 $75,000
2017 $1,804 $90,200 $18,900 $71,300
2016 $1,792 $89,600 $18,900 $70,700
2014 $1,738 $86,900 $17,300 $69,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21764439

MIBOR Broker Listing Cooperative®

APN: 32-10-26-386-001.000-012