NOT LISTED FOR SALE

1373 Vernon St Unit 2 Wabash, IN 46992

Estimated Value: $47,378 - $179,000

5 Beds
2.5 Baths
1,976 Sq Ft
$53/Sq Ft Est. Value

Last Sold September 23, 2022

Last sale price $40,000 $20 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $669/month

50 Days on Market

Highlights

  • Wood Flooring
  • Ceiling height of 9 feet or more
  • Level Lot
  • 2 Car Detached Garage
  • Baseboard Heating
  • Wood Siding

About This Home

As of September 2022

This spacious duplex has plenty of potential for a long-term rental income stream or a nice owner/occupied investment. Property has a 4 bedroom, 1 1/2 half bath unit with additional 1 bedroom efficiency featuring high ceilings and many other architectural features not found in today's homes. Large detached garage (2 car and 1 car) can be offered to tentants in each until. Great investment property for the right investor! A must see!

Last Agent to Sell the Property

Tiffany Lyn Stephens

Keller Williams Realty Group Listed on: 07/19/2022

Keller Williams Realty Group

Last Buyer's Agent

Tiffany Lyn Stephens

Keller Williams Realty Group Listed on: 07/19/2022

Keller Williams Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,032

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x132
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 1,976 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

  • Oj Neighbors Elementary School
  • Wabash Middle School
  • Wabash High School

Utilities

  • Baseboard Heating
  • Radiant Heating System
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for cable, electric, heating, sewer, trash collection, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 85-14-58-103-042.000-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,032

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 122
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: PT RES 18-27-6
  • Parcel Number ID: 85-14-58-103-042.000-009
  • Platted: Yes
  • Amenities: Cable Ready, Ceiling-9+
  • Sp Lp Percent: 80.16
  • Monthly Gross Income: 800
  • Year Taxes Payable: 2021
  • Special Features: None

Interior Features

  • Total Sq Ft: 1976
  • Total Finished Sq Ft: 1976
  • Above Grade Finished Sq Ft: 1976
  • Price Per Sq Ft: 20.24
  • Flooring: Wood

Exterior Features

  • Exterior: Vinyl, Wood
  • Stories: 2

Utilities

  • Heating Fuel: Baseboard, Radiant
  • Sewer: City
  • Water Utilities: City

Schools

  • School District: Wabash City Schools
  • Elementary School: OJ Neighbors
  • Middle School: Wabash
  • High School: Wabash
  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50X132
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cable, Electric, Heating, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 800
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Number Of 4 Bedrooms: 1
  • Num Of Efficiencies: 1

MLS Schools

  • High School: Wabash
  • Middle School: Wabash
  • School District: Wabash City Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Sep 22, 2022
Sold by
Rem Ira Llc
Bought by
Guerrero Armando
Seller's Agent
Tiffany Lyn Stephens
Keller Williams Realty Group
Buyer's Agent
Tiffany Lyn Stephens
Keller Williams Realty Group
List Price
$69,900
Sold Price
$40,000
Premium/Discount to List
-$29,900
-42.78%
Total Days on Market
50
Views
32
Current Estimated Value
$105,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,095
Avg. Annual Appreciation
24.27%

Purchase Details

Closed on
Jun 17, 2022
Sold by
Pking Llc
Bought by
Rem Ira Llc

Purchase Details

Closed on
Jun 5, 2018
Sold by
Magley Pamela
Bought by
Pking Llc

Purchase Details

Closed on
Mar 27, 2015
Sold by
Brainard Sherry Lea
Bought by
Magley Pamela
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
Guerrero Armando $40,000 --
Rem Ira Llc $38,500 None Listed On Document
Pking Llc -- None Available
Magley Pamela -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $40,000 -19.8% $20 / Sq Ft
08/24/2022 08/24/22 Price Changed $49,900 -9.1% $25 / Sq Ft
08/09/2022 08/09/22 Price Changed $54,900 -21.5% $28 / Sq Ft
07/19/2022 07/19/22 For Sale $69,900 -- $35 / 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 $1,032 $51,600 $7,200 $44,400
2023 $1,022 $51,100 $7,200 $43,900
2022 $924 $46,200 $6,200 $40,000
2021 $842 $42,100 $6,200 $35,900
2020 $842 $42,100 $6,200 $35,900
2019 $814 $40,700 $6,200 $34,500
2018 $782 $39,100 $6,200 $32,900
2017 $772 $37,400 $6,200 $31,200
2016 $999 $37,200 $6,200 $31,000
2014 $756 $39,600 $6,200 $33,400
2013 $750 $37,500 $6,200 $31,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202229752

Indiana Regional MLS

APN: 85-14-58-103-042.000-009