NOT LISTED FOR SALE

1611 E Loew Rd Marion, IN 46952

Estimated Value: $160,000 - $217,000

2 Beds
2 Baths
2,376 Sq Ft
$81/Sq Ft Est. Value

Last Sold April 20, 2023

Last sale price $55,000 $23 Per Sq Ft

Est. 250% increase in value since last sale

Current estimated payment $1,163/month

241 Days on Market

Highlights

  • Fenced Yard
  • Luxury Vinyl Tile Flooring
  • Level Lot
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System

About This Home

As of April 2023

UPPER LEVEL HAS NICE 2 BEDROOM APARTMENT. LOWER LEVER WAS RENTED OUT AS A PET BOARDING AND GROOMING CENTER. PEOPLE HAVE LIVE IN IT AS A RENTAL. NEEDS UPDATED AND RENOVATION TO USE THE ENTIRE LOWER LEVEL AS RENTAL. MANY POSSIBILITIES.

Last Agent to Sell the Property

Suzie Mack

F.C. Tucker Realty Center Listed on: 06/15/2022

F.C. Tucker Realty Center

Last Buyer's Agent

Robyn Windle

Nicholson Realty 2.0 LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 138 x 134
  • Fenced Yard
  • Level Lot

Parking

  • 8 Parking Spaces

Home Design

  • Slab Foundation
  • Block Exterior
  • Vinyl Construction Material

Interior Spaces

  • 2,376 Sq Ft Home
  • 2-Story Property
  • Eat-In Kitchen

Flooring

  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Allen/Justice Elementary School
  • Mcculloch/Justice Middle School
  • Marion High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Well
  • Gas Water Heater
  • Septic System

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for water
  • Assessor Parcel Number 27-07-04-300-029.002-001

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $700
  • Trash Expense $156

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1950
  • Age: 73
  • Style: Two Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: PT SW SW SEC 4 .411A
  • Parcel Number ID: 27-07-04-300-029.002-001
  • Platted: Yes
  • Amenities: Fenced Yard, Eat-In Kitchen, Water Heater Gas
  • Sp Lp Percent: 61.18
  • Monthly Gross Income: 500
  • Year Taxes Payable: 2022
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2376
  • Total Finished Sq Ft: 2376
  • Above Grade Finished Sq Ft: 2376
  • Price Per Sq Ft: 23.15
  • Basement Foundation: Slab
  • Flooring: Vinyl Tile, Vinyl
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Block, Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Annual Insurance Expense: 700
  • Annual Trash Expense: 156
  • Number Of W D Hookups: 2

Schools

  • School District: Marion Community Schools
  • Elementary School: Allen/Justice
  • Middle School: McCulloch/Justice
  • High School: Marion
  • Elementary School: Allen/Justice

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 138 X 134
  • Estimated Lot Sq Ft: 18295
  • Estimated Lot Size Acres: 0.42

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Water
  • Tenant Pays: Electric, Fuel

Multi Family

  • Gross Monthly Rent: 500
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1549.28

MLS Schools

  • High School: Marion
  • Middle School: McCulloch/Justice
  • School District: Marion Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Apr 19, 2023
Sold by
Cicio Rita J
Bought by
Barmes Michael and Barmes Janalyn
Seller's Agent
Suzie Mack
F.C. Tucker Realty Center
Buyer's Agent
Robyn Windle
Nicholson Realty 2.0 LLC
List Price
$89,900
Sold Price
$55,000
Premium/Discount to List
-$34,900
-38.82%
Views
235
Current Estimated Value
$192,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,733
Avg. Annual Appreciation
65.47%
Original Mortgage
$40,000
Outstanding Balance
$35,688
Interest Rate
5.9%
Mortgage Type
New Conventional
Estimated Equity
$157,045

Purchase Details

Closed on
Oct 5, 2006
Sold by
Mann Letty L
Bought by
Bennett Michael A

Purchase Details

Closed on
Feb 9, 2006
Sold by
Mann Letty L
Bought by
Mann Letty L and Letty L Mann Revocable Trust

Purchase Details

Closed on
Jan 19, 2001
Sold by
Not Provided
Bought by
Not Provided
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
Barmes Michael -- Gca Title
Bennett Michael A -- None Available
Mann Letty L -- None Available
Not Provided -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barmes Michael $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2023 04/20/23 Sold $55,000 -38.8% $23 / Sq Ft
01/09/2023 01/09/23 For Sale $89,900 +63.5% $38 / Sq Ft
11/29/2022 11/29/22 Off Market $55,000 -- --
08/31/2022 08/31/22 Price Changed $89,900 -18.2% $38 / Sq Ft
06/15/2022 06/15/22 For Sale $109,900 -- $46 / 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 $1,698 $136,500 $17,300 $119,200
2023 $1,675 $137,900 $17,300 $120,600
2022 $1,584 $118,900 $14,000 $104,900
2021 $1,549 $105,400 $11,100 $94,300
2020 $994 $78,800 $10,500 $68,300
2019 $877 $74,800 $10,500 $64,300
2018 $805 $72,500 $10,500 $62,000
2017 $816 $71,700 $10,500 $61,200
2016 $924 $69,700 $18,700 $51,000
2014 $914 $68,700 $18,700 $50,000
2013 $914 $67,600 $18,700 $48,900
Source: Public Records

Agents Affiliated with this Home

  • Suzie Mack

    Seller's Agent in 2023

    Suzie Mack

    F.C. Tucker Realty Center

    (765) 661-0379

    469 Total Sales

    Suzie Mack
    Section Image
  • Robyn Windle

    Buyer's Agent in 2023

    Robyn Windle

    Nicholson Realty 2.0 LLC

    (765) 618-4724

    139 Total Sales

    Robyn Windle
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202223701

Indiana Regional MLS

APN: 27-07-04-300-028.002-001

Indiana Grant County Marion 46952

1611 E Loew Rd, Marion, IN

This home is located at 1611 E Loew Rd, Marion, IN 46952 since 15 June 2022 and is currently estimated at $192,733, approximately $81 per square foot. This property was built in 1950. 1611 E Loew Rd is a home located in Grant County with nearby schools including Allen Elementary School, Justice Thurgood Marshall Intermediate School, and John L. McCulloch Junior High School.

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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