$50,000
SOLD AUG 9, 2024

16 E Branson St La Fontaine, IN 46940

5 Beds
4 Baths
2,912 Sq Ft
0.58 Acres

Recently Sold

$17 Per Sq Ft

Highlights

  • Wood Siding
  • Carpet
  • 1-Story Property

About This Home

As of December 2024

Pending when listed. 2 duplexes in LaFontaine. 3 units are 1 bed, 1 unit is 2bed. 1 unit currently rented, 3 units vacant.

Last Agent to Sell the Property

Payton Deeter

Terrell Realty Group, LLC Brokerage Phone: 260-571-1246 Listed on: 08/07/2024

Last Buyer's Agent

Payton Deeter

Terrell Realty Group, LLC Brokerage Phone: 260-571-1246 Listed on: 08/07/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 132x194

Home Design

  • Duplex
  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 2,912 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Schools

  • Southwood Elementary And Middle School
  • Southwood High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Radiant Ceiling
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units
  • Insurance Expense $2,936

Listing and Financial Details

  • Tenant pays for electric, sewer, water
  • The owner pays for building insurance, maintenance
  • Assessor Parcel Number 85-19-27-402-037.000-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1974
  • Age: 50
  • Style: One Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: FR E1/2 NE UNPLATTED 27-26-7 .588AC
  • Parcel Number ID: 85-19-27-402-037.000-006
  • Platted: Yes
  • Amenities: Off Street Parking
  • Sp Lp Percent: 100
  • Monthly Gross Income: 200
  • Year Taxes Payable: 23 pay 24
  • Special Features: None

Interior Features

  • Total Sq Ft: 2912
  • Total Finished Sq Ft: 2912
  • Above Grade Finished Sq Ft: 2912
  • Price Per Sq Ft: 17.17
  • Basement Foundation: Crawl
  • Flooring: Carpet, Laminate

Exterior Features

  • Exterior: Brick, Wood
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Wall AC, Window
  • Heating Fuel: Ceiling, Wall Heater
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 2936

Schools

  • School District: MSD of Wabash County Schools
  • Elementary School: Southwood
  • Middle School: Southwood
  • High School: Southwood
  • Elementary School: Southwood

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 132x194
  • Estimated Lot Sq Ft: 25265
  • Estimated Lot Size Acres: 0.58

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance
  • Tenant Pays: Electric, Sewer, Water

Multi Family

  • Gross Monthly Rent: 200
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 4
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 2500

MLS Schools

  • High School: Southwood
  • Middle School: Southwood
  • School District: MSD of Wabash County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2024
Closed on
Dec 18, 2024
Sold by
Hobbs Mark
Bought by
Cumberland Group Investments Llc
Seller's Agent
Payton Deeter
Terrell Realty Group, LLC
Buyer's Agent
Jonathan Preusz
CENTURY 21 Bradley Realty, Inc
List Price
$235,000
Sold Price
$205,000
Premium/Discount to List
-$30,000
-12.77%
Views
44
Current Estimated Value
$195,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,157
Avg. Annual Appreciation
-0.96%
Original Mortgage
$164,000
Outstanding Balance
$161,727
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$42,088

Purchase Details

Listed on
Aug 7, 2024
Closed on
Aug 6, 2024
Sold by
Raimer Philip B and Raimer Carol J
Bought by
Hobbs Mark
Seller's Agent
Payton Deeter
Terrell Realty Group, LLC
Buyer's Agent
Payton Deeter
Terrell Realty Group, LLC
List Price
$50,000
Sold Price
$50,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4937.06%
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $205,000 None Listed On Document
Warranty Deed $50,000 None Listed On Document
Warranty Deed $50,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $164,000 New Conventional
Closed $164,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2024 12/18/24 Sold $205,000 -12.8% $70 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
10/25/2024 10/25/24 For Sale $235,000 +370.0% $81 / Sq Ft
08/09/2024 08/09/24 Sold $50,000 0.0% $17 / Sq Ft
08/07/2024 08/07/24 Pending -- -- --
08/07/2024 08/07/24 For Sale $50,000 -- $17 / 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 $3,006 $150,300 $16,900 $133,400
2023 $2,936 $146,700 $16,900 $129,800
2022 $2,649 $132,400 $13,000 $119,400
2021 $2,428 $121,300 $13,000 $108,300
2020 $2,241 $111,900 $13,000 $98,900
2019 $2,209 $110,300 $13,000 $97,300
2018 $2,110 $105,400 $13,000 $92,400
2017 $2,056 $102,400 $13,000 $89,400
2016 $1,929 $119,500 $13,000 $106,500
2014 $1,724 $127,000 $13,000 $114,000
2013 $1,805 $124,400 $13,000 $111,400
Source: Public Records

Agents Affiliated with this Home

  • Payton Deeter

    Seller's Agent in 2024

    Payton Deeter

    Terrell Realty Group, LLC

    (260) 571-4407

    44 Total Sales

    Payton Deeter
    Section Image

  • J

    Buyer's Agent in 2024

    Jonathan Preusz

    CENTURY 21 Bradley Realty, Inc

    (260) 399-1177

    38 Total Sales

    Jonathan Preusz
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202429799

Indiana Regional MLS

APN: 85-19-27-402-037.000-006

Indiana Wabash County La Fontaine 46940

16 E Branson St, La Fontaine, IN

This home is located at 16 E Branson St, La Fontaine, IN 46940 and is currently priced at $50,000, approximately $17 per square foot. This property was built in 1974. 16 E Branson St is a home located in Wabash County.

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.

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