NOT LISTED FOR SALE

158 E Wayne St Spencer, IN 47460

Estimated Value: $198,000 - $609,745

2 Beds
1 Bath
840 Sq Ft
$562/Sq Ft Est. Value

Last Sold April 27, 2018

Last sale price $350,000 $417 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,486/month

158 Days on Market

Highlights

  • Laundry in Utility Room
  • Level Lot
  • Carpet
  • Forced Air Heating and Cooling System

About This Home

As of April 2018

Great return on your investment. All updated units. Collect almost $6000 in rent each month. 10 units total. All currently rented.

Last Agent to Sell the Property

Brad Holmes

Valley Properties Listed on: 11/20/2017

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,492

Year Built

  • Built in 1980

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 68x128
  • Level Lot

Home Design

  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 840 Sq Ft Home
  • 2-Story Property
  • Laundry in Utility Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 30 Parking Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electric, sewer, water
  • The owner pays for lawn maintenance, trash collection
  • Assessor Parcel Number 60-10-20-400-400.657-028

Community Details

Overview

  • 5 Buildings
  • 10 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Insurance Expense $4,080
  • Maintenance Expense $1,000
  • Trash Expense $600

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,492

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1980
  • Style: Two Story
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Spencer Lot 64
  • Parcel Number ID: 60-10-20-400-400.657-028
  • Platted: Yes
  • Amenities: Off Street Parking
  • Special Features: None

Interior Features

  • Total Sq Ft: 840
  • Total Finished Sq Ft: 840
  • Above Grade Finished Sq Ft: 840
  • Basement Foundation: Slab
  • Flooring: Carpet, Laminate
  • Number Of Ranges Ovens: 10

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 30

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 4080
  • Annual Maintenance Expense: 1000
  • Annual Trash Expense: 600
  • Number Of W D Hookups: 10

Condo/Co-op/Association

  • Pet Restrictions: Yes

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 68x128
  • Estimated Lot Sq Ft: 8276
  • Estimated Lot Size Acres: 0.19

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Trash Collection
  • Tenant Pays: Electric, Sewer, Water

Tax Info

  • Annual Property Tax: 3492

Multi Family

  • Number Of Dishwashers: 3
  • Number Of Refrigerators: 10
  • Number Of Units: 10
  • Num Of2 Bedrooms: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2017
Closed on
Apr 27, 2018
Sold by
Holmes Poa For Brad
Bought by
Marc Kelwaski
Seller's Agent
Brad Holmes
Valley Properties
List Price
$425,000
Sold Price
$350,000
Premium/Discount to List
-$75,000
-17.65%
Current Estimated Value
$378,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,262
Avg. Annual Appreciation
3.98%
Original Mortgage
$22,000
Outstanding Balance
$13,055
Interest Rate
4.45%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$459,131

Purchase Details

Closed on
Mar 21, 2013
Sold by
Martin Debbie G
Bought by
Holmes Bradley D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Marc Kelwaski $345,000 --
Accelerate Investments Llc $345,000 Capstone Title Partners
Holmes Bradley D $191,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Accelerate Investments Llc $22,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2018 04/27/18 Sold $350,000 -17.6% $417 / Sq Ft
11/20/2017 11/20/17 For Sale $425,000 -- $506 / 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 $6,124 $306,200 $12,700 $293,500
2023 $5,812 $290,600 $12,700 $277,900
2022 $4,450 $222,500 $12,700 $209,800
2021 $4,607 $230,300 $12,700 $217,600
2020 $4,301 $215,000 $12,700 $202,300
2019 $3,839 $191,900 $12,700 $179,200
2018 $3,647 $182,300 $12,700 $169,600
2017 $3,445 $172,200 $16,700 $155,500
2016 $3,492 $174,600 $16,700 $157,900
2014 $3,523 $176,100 $16,700 $159,400
2013 -- $176,400 $16,700 $159,700
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Brad Holmes

    Valley Properties

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201752364

Indiana Regional MLS

APN: 60-10-20-400-400.657-028

Indiana Owen County Spencer 47460

158 E Wayne St, Spencer, IN

Not Listed for Sale

MultiFamily

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.

Nearby Homes