NOT LISTED FOR SALE

1509 S 3rd St Richmond, IN 47374

Estimated Value: $44,000 - $62,915

2 Beds
1.5 Baths
912 Sq Ft
$62/Sq Ft Est. Value

Last Sold March 27, 2023

Last sale price $48,900 $54 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $371/month

2 Days on Market

Highlights

  • Deck
  • 1-Story Property
  • Forced Air Heating and Cooling System
  • Covered patio or porch

About This Home

As of March 2023

Nice little south side home on a dead end street! This 2 bed, 1.5 bath home is ready for its new owner! Property has been a rental for an extended period of time and has had tremendous upside bringing in steady passive income. The interior of the home has been completely updated and is move-in ready, has a nice open floor plan with a large half bath in the hall along with the secondary bedroom which also has ample space. The master bedroom is located at the rear and has a nice vaulted ceiling, huge walk-in closet and a really nice full master bath! Property has a full walkout basement where you will find the furnace and a brand new water heater (also has newer a/c !). This home would make a great add to your real estate investment portfolio or an excellent starter home. Coming in at $48,900, it will not last long! Call/text Derek Callahan at (765) 277-1910 to set up your private tour today and to talk about possible financing options!

Last Listed By

Derek Callahan

Coldwell Banker Lingle License #RB19001795 Listed on: 02/18/2023

Coldwell Banker Lingle

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $656

Year Built

  • Built in 1955

Lot Details

  • 6,316 Sq Ft Lot
  • Lot Dimensions are 39x162
  • Back Yard Fenced
  • Chain Link Fence

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Aluminum Siding
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 912 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Deck
  • Covered patio or porch

Schools

  • Richmond High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$656

Year Built

Built in 1955

Lot Details

0

Listing Details

  • OFFICELIST_ADDRESS: 1509 S 3RD STREET
  • Second Address Number: 1509
  • Estimated Year Built: 1955
  • E X E M P T: Homestead Credit
  • F I N A N C I N G O F F E R E D: Cash, Conventional
  • Geo Address Line: 1509 S 3rd St
  • Geo Longitude: -84.899229
  • Geo Primary City: Richmond
  • Geo Quality: 0.95
  • Geo Subdivision: IN
  • Geo Zoom Level: 16
  • OFFICELIST_STATE: IN
  • Building Stories: 1
  • Tax Dup Number: 89-18-08-230-407.000-030
  • Taxes Half: $201.99
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0
  • Year Built: 1955

Interior Features

  • Total Number Rooms: 6
  • Primary Bathroom: Yes
  • Amenities: Cable TV
  • Has Basement: Yes
  • Lower Floor 1 Bedrooms: 2
  • Lower Floor 1 Half Bathrooms: 1
  • Price Per S Q F T: 53.62
  • Basement Type: Single Family
  • Window Treatments Stay: All

Exterior Features

  • Exterior Construction: Stick
  • Exterior: Aluminum, Vinyl
  • Fencing: Chain, Partial, Back
  • Porch/Deck Type: Covered, Deck
  • Roof Type: Asphalt, Shingle

Garage/Parking

  • Garage Capacity: 0

Utilities

  • Air Conditioner: Central Air
  • Electric Company: Richmond Power & Light
  • Gas Company: CenterPoint/Vectren
  • Heat Type: Gas, Forced Air
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Fee Information

  • Tax Class: RESIDENTIAL

Schools

  • High School: Richmond
  • High School: Richmond

Lot Info

  • Geo Update Timestamp: 2023-02-18
  • Estimated Number Acres: 0.145
  • Land Contract: No
  • Lot Size: 39X162
  • Zoning: RESIDENTIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2023
Closed on
Mar 13, 2023
Sold by
Smith Kyle I
Bought by
Warren Jeremy W and Warren Tasha K
Seller's Agent
Derek Callahan
Coldwell Banker Lingle
Buyer's Agent
Derek Callahan
Coldwell Banker Lingle
List Price
$48,900
Sold Price
$48,900
Total Days on Market
2
Views
85
Current Estimated Value
$56,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,829
Avg. Annual Appreciation
2.62%

Purchase Details

Closed on
Apr 16, 2015
Sold by
Davis Torrance
Bought by
Smith Kyle I

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
Warren Jeremy W $48,900 --
Smith Kyle I $12,400 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2023 03/27/23 Sold $48,900 0.0% $54 / Sq Ft
02/20/2023 02/20/23 Pending -- -- --
02/18/2023 02/18/23 For Sale $48,900 -- $54 / Sq Ft
Source: Richmond Association of REALTORS®

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 $656 $40,200 $4,900 $35,300
2023 $656 $45,400 $4,300 $41,100
2022 $444 $44,400 $4,300 $40,100
2021 $404 $40,400 $4,300 $36,100
2020 $404 $40,400 $4,300 $36,100
2019 $423 $42,800 $4,300 $38,500
2018 $410 $42,800 $4,300 $38,500
2017 $388 $40,800 $4,300 $36,500
2016 $377 $40,800 $4,300 $36,500
2014 $876 $43,800 $4,300 $39,500
2013 $876 $45,500 $4,300 $41,200
Source: Public Records

Agents Affiliated with this Home

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Source: Richmond Association of REALTORS®

MLS Number: 10045741

APN: 89-18-08-230-407.000-030