Seller's Agent in 2024
Payton Deeter
Terrell Realty Group, LLC
(260) 571-4407
44 Total Sales
16 E Branson St La Fontaine, IN 46940
5
Beds
4
Baths
2,912
Sq Ft
0.59
Acres
Highlights
- 194 Feet of Waterfront
- Baseboard Heating
- Wood Siding
- Shed
- Creek or Stream
- Carpet
About This Home
As of December 2024Investors take a look at your next portfolio addition! This property boats 2 duplexes for a total of 4 units. Gross monthly rents projected at $2,550. All units have seen a large amount of work put into them in the past few months, as well as a potential $5,000 appliance allowance to put your own finishing touches on the units! Water and electric is all metered separately, allowing tenants to pay their own utilities. There is one 2 bed unit, and three 1 bed units. One unit is currently rented, three units are currently vacant, allowing you to find tenants that best fit your management style. All units have a washer/dryer hookup. New roof and gutters were put in 5 years ago. Recent work in the past 3 months included but is not limited to; new paint, light fixtures, and ceiling fans in all units. All exterior wood and trim has been painted. Brick units both have new water heaters, screen doors, and electric baseboard heaters. One kitchen is loaded with new cabinets and countertops. New LVP throughout. 2 sheds are also included on the back of the property for extra storage. As a very low maintenance property, your portfolio will thank you!
Last Agent to Sell the Property
Terrell Realty Group, LLC Brokerage Phone: 260-571-1246 Listed on: 10/25/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,936
Year Built
- Built in 1974
Lot Details
- 0.59 Acre Lot
- Lot Dimensions are 132x194
- 194 Feet of Waterfront
- Creek or Stream
Parking
- Off-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
- Wood Siding
Interior Spaces
- 2,912 Sq Ft Home
- 1-Story Property
- Crawl Space
- Washer Hookup
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Outdoor Features
- Shed
Schools
- Southwood Elementary And Middle School
- Southwood High School
Utilities
- Baseboard Heating
- Heating System Mounted To A Wall or Window
- Electric Water Heater
Listing and Financial Details
- Tenant pays for electric, sewer, water
- The owner pays for building insurance, lawn maintenance
- Assessor Parcel Number 85-19-27-402-037.000-006
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Water Meters
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
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
-0.99%
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%
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 | -- | 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
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
-
Jonathan Preusz
J
Buyer's Agent in 2024
Jonathan Preusz
CENTURY 21 Bradley Realty, Inc
(260) 399-1177
38 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202441540
APN: 85-19-27-402-037.000-006
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