NOT LISTED FOR SALE

152 W Lincoln St Nappanee, IN 46550

Estimated Value: $155,000 - $250,000

3 Beds
3 Baths
2,838 Sq Ft
$76/Sq Ft Est. Value

Last Sold July 03, 2024

Last sale price $149,900 $53 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,506/month

6 Days on Market

Highlights

  • Enclosed Patio or Porch
  • NorthWood High School Rated A-
  • Carpet

About This Home

As of July 2024

Discover the perfect investment opportunity in the heart of Nappanee with this exceptional property. Featuring a 2-bedroom unit, an efficiency unit and 10-rooms for rent by the week. This property promises great cash flow potential for savvy investors. Situated conveniently close to downtown, tenants will enjoy easy access to local amenities and businesses. Whether you're looking to expand your rental portfolio or seeking a prime location for your next business venture, this property is poised to deliver both value and returns.

Last Agent to Sell the Property

Emmon Schmucker

Coldwell Banker Real Estate Group Brokerage Phone: 574-202-3800 Listed on: 04/19/2024

Coldwell Banker Real Estate Group

Last Buyer's Agent

Emmon Schmucker

Coldwell Banker Real Estate Group Brokerage Phone: 574-202-3800 Listed on: 04/19/2024

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1910

Lot Details

  • 4,138 Sq Ft Lot
  • Lot Dimensions are 63x66
  • Irregular Lot

Parking

  • 3 Parking Spaces

Home Design

  • Asphalt Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Schools

  • Nappanee Elementary School
  • Northwood Middle School
  • Northwood High School

Utilities

  • Radiator
  • Heating System Uses Gas
  • Community Well
  • Cable TV Available

Additional Features

  • Enclosed Patio or Porch
  • Suburban Location

Listing and Financial Details

  • The owner pays for electric, heating, lawn maintenance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 20-13-36-429-010.000-021

Community Details

Overview

  • 12 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,620
  • Fuel Expense $3,620
  • Insurance Expense $1,494
  • Maintenance Expense $2,475
  • Water Sewer Expense $3,101

Property Details

Home Type

Apartment

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1910
  • Age: 114
  • Style: Two Story
  • Architectural Style: Foursquare
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: METZLERS ORIG E 63FT LOT 14 (TIF 80)
  • Parcel Number ID: 20-13-36-429-010.000-021
  • Platted: Yes
  • Amenities: Basement, Cable Ready, Porch Enclosed
  • Cross Street: Main Street
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Monthly Gross Income: 2817
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 3860
  • Total Finished Sq Ft: 2838
  • Above Grade Finished Sq Ft: 2838
  • Below Grade Sq Ft: 1022
  • Price Per Sq Ft: 52.82
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Carpet
  • Main Level Sq Ft: 1419
  • Total Below Grade Sq Ft: 1022
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heating Fuel: Gas, Radiator
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Well Type: Community
  • Annual Electric: 3620
  • Annual Fuel Expense: 3620
  • Annual Insurance Expense: 1494
  • Annual Maintenance Expense: 2475
  • Annual Water Sewer Expense: 3101
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

  • School District: Wa-Nee Community Schools
  • Elementary School: Nappanee
  • Middle School: NorthWood
  • High School: NorthWood
  • Elementary School: Nappanee

Lot Info

  • Lot Description: Irregular
  • Lot Dimensions: 63X66
  • Estimated Lot Sq Ft: 4138
  • Estimated Lot Size Acres: 0.1
  • Lot Number: 14

Rental Info

  • Lease Term: Week to Week, Month to Month
  • Owner Pays: Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water

Tax Info

  • Total Assessed Value: 196800
  • Annual Property Tax: 4052

Multi Family

  • Gross Monthly Rent: 2816.66
  • Number Of Refrigerators: 2
  • Number Of Units: 12
  • Num Of1 Bedrooms: 10
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 9

MLS Schools

  • High School: NorthWood
  • Middle School: NorthWood
  • School District: Wa-Nee Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Jul 4, 2024
Sold by
Plank Lester J
Bought by
City Of Nappanee Department Of Redevelopment
Seller's Agent
Emmon Schmucker
Coldwell Banker Real Estate Group
Buyer's Agent
Emmon Schmucker
Coldwell Banker Real Estate Group
List Price
$149,900
Sold Price
$149,900
Views
26
Current Estimated Value
$214,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,599
Avg. Annual Appreciation
31.31%

Purchase Details

Closed on
Oct 10, 2019
Sold by
Krc Real Estate Llc
Bought by
Collins Kyle R and Plank Lester J

Purchase Details

Closed on
Mar 1, 2012
Sold by
Rowland Paul A and Rowland Robin L
Bought by
Krc Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
3.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 27, 2012
Sold by
Mishler Richard D and Mishler Donna M
Bought by
Rowland Paul A and Rowland Robin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
3.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 20, 2002
Sold by
Mishler Richard D and Mishler Donna M
Bought by
Mishler Richard D and Mishler Donna M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
City Of Nappanee Department Of Redevelopment $149,900 Heritage Parke Title
Collins Kyle R -- Near North Title Group
Krc Real Estate Llc -- Heritage Parke Title
Rowland Paul A -- Heritage Parke Title
Rowland Paul A -- None Available
Mishler Richard D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Plank Lester J $60,000
Previous Owner Krc Real Estate Llc $75,000
Previous Owner Krc Real Estate Llc $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2024 07/03/24 Sold $149,900 0.0% $53 / Sq Ft
04/25/2024 04/25/24 Pending -- -- --
04/19/2024 04/19/24 For Sale $149,900 -- $53 / 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 $4,157 $242,300 $8,800 $233,500
2022 $4,053 $200,800 $8,800 $192,000
2021 $2,351 $113,400 $0 $113,400
2020 $2,656 $113,400 $0 $113,400
2019 $3,274 $157,500 $8,800 $148,700
2018 $2,963 $142,200 $8,800 $133,400
2017 $2,596 $129,800 $8,800 $121,000
2016 $2,476 $123,800 $8,800 $115,000
2014 $2,304 $115,200 $8,800 $106,400
2013 $2,304 $115,200 $8,800 $106,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202413623

Indiana Regional MLS

APN: 20-13-36-429-010.000-021