NOT LISTED FOR SALE

1404 Tippecanoe Dr Unit A1, A2, B1, B2, C1, Warsaw, IN 46580

Estimated Value: $121,883 - $158,000

16 Beds
1 Bath
9,000 Sq Ft
$15/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $1,162,900 $129 Per Sq Ft

Current estimated payment $880/month

Highlights

  • Open Floorplan
  • Backs to Open Ground
  • Walk-In Closet
  • Madison Elementary School Rated A-
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System

About This Home

As of April 2019

Warsaw is a great place to have rentals with its strong employment at the several Orthopedic Businesses. This 1404 Apartment building is one of three 8 Unit Apartment buildings being offered. Each has 2 bedrooms and 1 bath. Each building offers basement storage, washer and dryers in units and carports. The 3 Apartment Buildings are being sold all together.

Last Listed By

Jihan Rachel Brooks

DRH Realty of Indiana, LLC Listed on: 01/22/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,372

Year Built

  • Built in 1985

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 129 x 178
  • Backs to Open Ground
  • Level Lot

Home Design

  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Eat-In Kitchen
  • Washer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access

Parking

  • 16 Parking Spaces
  • Parking Lot

Location

  • Suburban Location

Schools

  • Madison Elementary School
  • Edgewood Middle School
  • Warsaw High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cooling, heating
  • The owner pays for building insurance, maintenance, snow removal, tax, trash collection
  • Assessor Parcel Number 43-11-07-400-015.000-032

Community Details

Overview

  • 3 Buildings
  • 8 Units

Pet Policy

  • Pet Restriction

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,372

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Eightplex
  • Year Built: 1985
  • Age: 34
  • Style: Two Story
  • Bedrooms: 16
  • Number Above Grade Bedrooms: 16
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 4-38-5.1JA1 LOT A1 CHECOSE VILLAGE PHASE 1; Multiple
  • Parcel Number ID: 43-11-07-400-015.000-032
  • Platted: Yes
  • Amenities: Basement, Closet(s) Walk-in, Eat-In Kitchen, Open Floor Plan, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2017
  • Special Features: None

Interior Features

  • Total Sq Ft: 13500
  • Total Finished Sq Ft: 9000
  • Above Grade Finished Sq Ft: 9000
  • Below Grade Sq Ft: 4500
  • Price Per Sq Ft: 129.21
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-up
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 4500
  • Number Of Microwaves: 8
  • Number Of Ranges Ovens: 8
  • Number Ttl Rooms Below Grade: 8

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 16
  • Parking: Lot

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Number Of W D Hookups: 8

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Warsaw Community
  • Elementary School: Madison
  • Middle School: Edgewood
  • High School: Warsaw
  • Elementary School: Madison

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 129 x 178
  • Estimated Lot Sq Ft: 3049
  • Estimated Lot Size Acres: 0.07

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Snow Removal, Tax, Trash Collection
  • Tenant Pays: Cooling, Heating

Tax Info

  • Total Assessed Value: 33700

Multi Family

  • Number Of Dryers: 8
  • Number Of Refrigerators: 8
  • Number Of Units: 8
  • Number Of Washers: 8
  • Num Of2 Bedrooms: 8
  • Num Of Units Rented: 8

MLS Schools

  • High School: Warsaw
  • Middle School: Edgewood
  • School District: Warsaw Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2024
Sold by
Hb Realty Llc
Bought by
Alpha Warsaw Llc
Total Days on Market
0
Current Estimated Value
$138,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Outstanding Balance
$1,097,929
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
-$683,463

Purchase Details

Listed on
Jan 22, 2019
Closed on
Apr 30, 2019
Sold by
Ruckman Family Limited Partnership
Bought by
Hb Realty Llc
Seller's Agent
Jihan Rachel Brooks
DRH Realty of Indiana, LLC
Buyer's Agent
Jihan Rachel Brooks
DRH Realty of Indiana, LLC
List Price
$1,162,900
Sold Price
$1,162,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-15.70%
Original Mortgage
$930,320
Interest Rate
4.1%
Mortgage Type
Future Advance Clause Open End Mortgage

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
Alpha Warsaw Llc $1,500,000 None Listed On Document
Hb Realty Llc -- Liberty Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alpha Warsaw Llc $1,200,000
Open Alpha Warsaw Llc $2,400,000
Previous Owner Hb Realty Llc $930,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2019 04/30/19 Sold $1,162,900 0.0% $129 / Sq Ft
01/22/2019 01/22/19 Pending -- -- --
01/22/2019 01/22/19 For Sale $1,162,900 -- $129 / 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 $1,372 $66,400 $3,900 $62,500
2023 $731 $35,200 $3,900 $31,300
2022 $732 $35,200 $3,900 $31,300
2021 $692 $33,100 $3,900 $29,200
2020 $709 $33,900 $3,900 $30,000
2019 $710 $33,900 $3,900 $30,000
2018 $712 $33,900 $3,900 $30,000
2017 $709 $33,700 $3,900 $29,800
2016 $805 $38,200 $9,000 $29,200
2014 $770 $38,500 $9,000 $29,500
2013 $770 $37,400 $9,000 $28,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jihan Rachel Brooks

    DRH Realty of Indiana, LLC

    (260) 760-1087

    51 Total Sales

    Jihan Rachel Brooks
    Section Image

  • D

    Seller Co-Listing Agent in 2019

    Daniel Brooks

    Empower Property Group

    (260) 222-1977

    16 Total Sales

    Daniel Brooks
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201913010

Indiana Regional MLS

APN: 43-11-07-400-015.000-032

Indiana Kosciusko County Warsaw 46580

1404 Tippecanoe Dr Unit A1, A2, B1, B2, C1,, Warsaw, IN

Homes for Sale in Warsaw, IN

This home is located at 1404 Tippecanoe Dr Unit A1, A2, B1, B2, C1,, Warsaw, IN 46580 since 22 January 2019 and is currently estimated at $138,221, approximately $15 per square foot. This property was built in 1985. 1404 Tippecanoe Dr Unit A1, A2, B1, B2, C1, is a home located in Kosciusko County with nearby schools including Madison Elementary School, Edgewood Middle School, and Warsaw Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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