Seller's Agent in 2021
Amy Cavender
Northern Lakes Realty
(574) 453-1872
2 in this area
265 Total Sales
152 S Madison St Nappanee, IN 46550
5
Beds
3
Baths
2,040
Sq Ft
8,712
Sq Ft Lot
Highlights
- Wood Flooring
- NorthWood High School Rated A-
- Level Lot
About This Home
As of October 2021Awesome 3 unit home in desirable Nappanee, Indiana. It is rare to find a solid multi-unit home in this town, so act fast. This home with beautiful natural woodwork offers a downstairs 2 bed 1 bath unit (potential rent over $800/mo), upstairs 2 bed 1 bath unit (currently rented at $775/mo), and an efficiency unit in a separate building (potential rent $500/mo). Currently, owner pays all utilities. This could be the perfect addition to your rental portfolio and offer a great return on investment!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,600
Year Built
- Built in 1920
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 67x130
- Level Lot
Home Design
- Triplex
- Shingle Roof
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 3 Parking Spaces
- Off-Street Parking
Schools
- Nappanee Elementary School
- Northwood Middle School
- Northwood High School
Additional Features
- Suburban Location
- Heating System Uses Gas
Listing and Financial Details
- The owner pays for electric, heating, lawn maintenance, maintenance, water
- Assessor Parcel Number 20-14-31-302-007.000-029
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $1,800
- Fuel Expense $1,200
- Insurance Expense $1,200
- Maintenance Expense $500
- Water Sewer Expense $1,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 8, 2021
Closed on
Oct 28, 2021
Sold by
Bontrager Darren Jon
Bought by
Porter Preston T
Seller's Agent
Amy Cavender
Northern Lakes Realty
Buyer's Agent
Adrian Frazier
Alpha Real Estate & Investments, Inc.
List Price
$152,500
Sold Price
$153,500
Premium/Discount to List
$1,000
0.66%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,739
Avg. Annual Appreciation
10.12%
Original Mortgage
$150,719
Outstanding Balance
$137,740
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$86,499
Purchase Details
Listed on
Apr 5, 2019
Closed on
Sep 26, 2019
Sold by
Michiana Rental Properties Llc
Bought by
Bontrager Darren Jon
Seller's Agent
Brad Beer
Heart City Realty LLC
Buyer's Agent
Amy Cavender
Northern Lakes Realty
List Price
$149,900
Sold Price
$112,000
Premium/Discount to List
-$37,900
-25.28%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.28%
Original Mortgage
$78,750
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 12, 2018
Sold by
Borkholder Dwayne A
Bought by
Michiana Rental Properties Llc
Purchase Details
Closed on
Sep 17, 2008
Sold by
Stillson James B and Stillson Patricia
Bought by
Borkholder Dwayne A
Purchase Details
Closed on
Nov 29, 2004
Sold by
Dave & Andys Construction Co Inc
Bought by
Stillson James B and Stillson Patricia
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $153,500 | None Available | |
| Warranty Deed | -- | Fidelity National Ttl Co Llc | |
| Warranty Deed | -- | Fidelity National Ttl Co Llc | |
| Land Contract | $105,000 | Hamilton Title | |
| Warranty Deed | -- | Heritage Parke Title Llc | |
| Corporate Deed | -- | Stewart Title Of Elkhart Cou |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $150,719 | FHA | |
| Previous Owner | $78,750 | New Conventional | |
| Closed | $0 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/28/2021 10/28/21 | Sold | $153,500 | 0.0% | $75 / Sq Ft |
| 08/09/2021 08/09/21 | Price Changed | $153,500 | +0.7% | $75 / Sq Ft |
| 08/08/2021 08/08/21 | For Sale | $152,500 | +36.2% | $75 / Sq Ft |
| 09/26/2019 09/26/19 | Sold | $112,000 | -10.3% | $55 / Sq Ft |
| 08/06/2019 08/06/19 | Pending | -- | -- | -- |
| 07/16/2019 07/16/19 | Price Changed | $124,900 | -7.4% | $61 / Sq Ft |
| 06/12/2019 06/12/19 | Price Changed | $134,900 | -3.6% | $66 / Sq Ft |
| 05/07/2019 05/07/19 | Price Changed | $139,900 | -5.2% | $69 / Sq Ft |
| 04/23/2019 04/23/19 | Price Changed | $147,500 | -1.6% | $72 / Sq Ft |
| 04/05/2019 04/05/19 | For Sale | $149,900 | -- | $73 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $2,692 | $169,800 | $13,200 | $156,600 |
| 2022 | $2,362 | $222,700 | $13,200 | $209,500 |
| 2021 | $1,763 | $167,900 | $13,200 | $154,700 |
| 2020 | $2,362 | $113,300 | $13,500 | $99,800 |
| 2019 | $2,368 | $113,400 | $13,500 | $99,900 |
| 2018 | $2,365 | $112,900 | $13,500 | $99,400 |
| 2017 | $1,599 | $79,500 | $13,500 | $66,000 |
| 2016 | $1,599 | $79,500 | $13,500 | $66,000 |
| 2014 | $1,628 | $80,900 | $13,500 | $67,400 |
| 2013 | $1,628 | $80,900 | $13,500 | $67,400 |
Source: Public Records
Agents Affiliated with this Home
-
Amy Cavender
-
Adrian Frazier
Buyer's Agent in 2021
Adrian Frazier
Alpha Real Estate & Investments, Inc.
(574) 250-4812
1 in this area
95 Total Sales
-
Brad Beer
Seller's Agent in 2019
Brad Beer
Heart City Realty LLC
(574) 875-5149
6 in this area
317 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 201912072
APN: 20-14-31-302-007.000-029
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.
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.
Nearby Homes
- 355 N Madison St
- 357 N Main St
- 156 W Centennial St
- 608 E Lincoln St
- 201 W Randolph St
- 555 S Madison St
- 702 Locke Ct
- 556 Broad Ave
- 958 E Walnut St
- 760 N Clark St
- 305 Morningside Dr
- 754 W Market St
- 205 Highland St
- 1104 N Main St
- 699 Forest Ct
- 280 Wellfield Dr
- 263 Wellview Ct Unit 26
- 5 Courtney Ln
- 72355 County Road 3
- 652 Bungalow Dr