NOT LISTED FOR SALE

1407 Main St Rochester, IN 46975

Estimated Value: $165,000 - $216,203

8 Beds
7 Baths
3,224 Sq Ft
$61/Sq Ft Est. Value

Last Sold February 02, 2022

Last sale price $130,000 $40 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,288/month

48 Days on Market

Highlights

  • Detached Second Garage
  • Fenced Yard
  • Forced Air Heating and Cooling System
  • Traditional Architecture
  • Patio
  • Ceiling Fan

About This Home

As of February 2022

REDUCED! MOTIVATED & NEGOTIABLE! 1407 Main Street, Rochester IN-Great investment opportunity! This property was used as a bed & breakfast in the past, the owner occupies the small rental unit which has 392 sq. ft., the main home currently has tenants, the main home has a total of 8 bedrooms/4 full bathrooms/3 half bathrooms, some rooms have been renovated & some need to be renovated, garden shed, carport, detached garage, wood fence around patio area, vinyl fence in the front of home, newer metal roof on home. Come & see the potential! Selling in AS IS condition!

Last Listed By

Shelly Bailey

Envision Real Estate Team - Rochester Listed on: 10/12/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $642

Year Built

  • Built in 1900

Lot Details

  • 9,148 Sq Ft Lot
  • Fenced Yard
  • Vinyl Fence
  • Wood Fence
  • Level Lot

Home Design

  • Traditional Architecture
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms

Partially Finished Basement

  • Block Basement Construction
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Parking

  • 6 Car Garage
  • Detached Second Garage
  • Driveway
  • Off-Street Parking

Utilities

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

Additional Features

  • Patio
  • Suburban Location

Listing and Financial Details

  • Homestead Exemption
  • The owner pays for building insurance, electric, heating, lawn maintenance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 25-07-92-413-004.000-009

Community Details

Building Details

  • Electric Expense $2,160
  • Fuel Expense $1,200
  • Insurance Expense $2,500
  • Maintenance Expense $1,500
  • Trash Expense $600
  • Water Sewer Expense $1,560

Additional Features

  • 2 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$642

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1900
  • Age: 121
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 7
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 3
  • Legal Description: Lot 480 R & H. LE M Jane Hizer Contract to Cloutier John F
  • Parcel Number ID: 25-07-92-413-004.000-009
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Fenced Yard, Off Street Parking, Storage, Patio Open
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 78.79
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 3890
  • Total Finished Sq Ft: 3224
  • Above Grade Finished Sq Ft: 2724
  • Below Grade Finished Sq Ft: 500
  • Below Grade Sq Ft: 666
  • Price Per Sq Ft: 47.72
  • Basement: Yes
  • Basement Foundation: Partial Basement, Partially Finished
  • Basement Material: Block
  • Flooring: Carpet, Laminate, Vinyl
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 1166
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Metal
  • Fence: Vinyl, Wood
  • Stories: 2
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 240

Garage/Parking

  • Driveway: Asphalt
  • Number Of Parking Spaces: 6
  • Parking: Garage, Off Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 2160
  • Annual Fuel Expense: 1200
  • Annual Insurance Expense: 2500
  • Annual Maintenance Expense: 1500
  • Annual Trash Expense: 600
  • Annual Water Sewer Expense: 1560
  • Number Of W D Hookups: 1

Schools

  • School District: Rochester Community School Corp.
  • Elementary School: Columbia / Riddle
  • Middle School: Rochester
  • High School: Rochester

Lot Info

  • Lot Description: Level
  • Lot Dimensions: .21A
  • Estimated Lot Sq Ft: 9148
  • Estimated Lot Size Acres: 0.21

Rental Info

  • Owner Pays: Building Insurance, Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water

Tax Info

  • Exemptions: Disabled, Homestead, Mortgage, Supplemental
  • Annual Property Tax: 642.22

Multi Family

  • Gross Monthly Rent: 900
  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of Units Rented: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2021
Closed on
Feb 2, 2022
Sold by
Cloutier John F
Bought by
Twin Oaks Properties Llc
Seller's Agent
Shelly Bailey
Envision Real Estate Team - Rochester
Buyer's Agent
John Little
MANITOU REALTY and AUCTION, INC.
List Price
$199,900
Sold Price
$130,000
Premium/Discount to List
-$69,900
-34.97%
Total Days on Market
48
Current Estimated Value
$197,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,301
Avg. Annual Appreciation
14.88%

Purchase Details

Listed on
Apr 30, 2013
Closed on
Oct 18, 2013
Sold by
Jane Hizer M
Bought by
John F Cloutier
Seller's Agent
Dave Helt
HELT REALTY, INC.
Buyer's Agent
Dave Helt
HELT REALTY, INC.
List Price
$105,000
Sold Price
$105,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.61%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Twin Oaks Properties Llc $130,000 Fretz Abstract
Clourier John F $130,000 Fretz Abstract
John F Cloutier $105,000 Fretz Abstract
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2022 02/02/22 Sold $130,000 -21.2% $40 / Sq Ft
11/29/2021 11/29/21 Pending -- -- --
11/17/2021 11/17/21 Price Changed $165,000 -8.3% $51 / Sq Ft
10/27/2021 10/27/21 Price Changed $179,900 -10.0% $56 / Sq Ft
10/12/2021 10/12/21 For Sale $199,900 +90.4% $62 / Sq Ft
10/18/2013 10/18/13 Sold $105,000 0.0% $73 / Sq Ft
09/18/2013 09/18/13 Pending -- -- --
04/30/2013 04/30/13 For Sale $105,000 -- $73 / 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 $2,328 $113,200 $11,300 $101,900
2023 $2,292 $114,400 $11,300 $103,100
2022 $668 $167,800 $11,300 $156,500
2021 $655 $159,300 $11,300 $148,000
2020 $642 $148,400 $11,300 $137,100
2019 $630 $136,300 $11,300 $125,000
2018 $617 $136,300 $11,300 $125,000
2017 $605 $134,900 $11,300 $123,600
2016 $593 $134,900 $11,300 $123,600
2014 $570 $134,200 $11,300 $122,900
2013 $570 $131,400 $11,300 $120,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202142943

Indiana Regional MLS

APN: 25-07-92-413-004.000-009