NOT LISTED FOR SALE

1624 S J St Elwood, IN 46036

Estimated Value: $61,000 - $73,714

4 Beds
2 Baths
1,920 Sq Ft
$36/Sq Ft Est. Value

Last Sold August 16, 2024

Last sale price $65,000 $34 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $477/month

17 Days on Market

About This Home

As of August 2024

Madison County Investors! Partially occupied Duplex near the heart of Downtown Elwood. Room for upside as an investment or live in one unit while collecting rent on the other! Tenants responsible for electricity and gas. Landlord responsible for water, sewer and lawn care. This property may be purchased as part of a package which includes a Triplex, and another Partially Occupied Duplex. Tenant's rights apply.

Last Agent to Sell the Property

RJ LaChance

Tyler Knows Real Estate LLC Brokerage Email: workwithrj@gmail.com Listed on: 07/12/2024

Last Buyer's Agent

Carson Cook

F.C. Tucker Company License #RB22002472

F.C. Tucker Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,140

Year Built

  • Built in 1890

Lot Details

  • 7,492

Parking

  • Alley Access

Home Design

  • Duplex
  • Traditional Architecture
  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 7,492 Sq Ft Lot
  • Separate Meters

Community Details

  • Lynwood Subdivision
  • No Laundry Facilities

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for lawncare, sewer, water
  • Tax Lot 103
  • Assessor Parcel Number 480415302037000027
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,140

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1890
  • Lot Size Acres: 0.17
  • Structure Type: Duplex
  • Subdivision Name: Lynwood
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 32500
  • MBR_AttributionContact: workwithrj@gmail.com
  • Multi Rooms: 10
  • Attribution Contact: workwithrj@gmail.com
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: Two
  • Owner Pays: Lawncare, Sewer, Water
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Vinyl Siding
  • Direction Faces: South
  • List Price: 75000
  • Road Access: Not Applic

Garage/Parking

  • Parking Features: Alley Access
  • Unit Parking: On Street

Utilities

  • Cooling: Separate Meters
  • Laundry Features: No Laundry Facil.
  • Solid Waste: No

Fee Information

  • Expenses: 1500

Lot Info

  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Size Sq Ft: 7492
  • Parcel Number: 480415302037000027
  • Acres: <1/4 Acre
  • Price Acre: 382353

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5820
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1140
  • Tax Lot: 103
  • Semi Annual Property Tax Amt: 570

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Aug 15, 2024
Sold by
Devere Midwest Llc
Bought by
Kut Masters Lawn Care Services Llc
Seller's Agent
RJ LaChance
Tyler Knows Real Estate LLC
Buyer's Agent
Carson Cook
F.C. Tucker Company
List Price
$75,000
Sold Price
$65,000
Premium/Discount to List
-$10,000
-13.33%
Views
12
Current Estimated Value
$68,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,429
Avg. Annual Appreciation
5.17%

Purchase Details

Listed on
Nov 16, 2020
Closed on
Jan 19, 2021
Sold by
Waymire Jerrell R and Waymire Janice E
Bought by
Devere Midwest Llc
Seller's Agent
Jim Bittner
RE/MAX Real Estate Solutions
Buyer's Agent
Hayley Wild
Compass Indiana, LLC
List Price
$65,000
Sold Price
$46,800
Premium/Discount to List
-$18,200
-28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.64%
Original Mortgage
$110,000
Interest Rate
2.6%
Mortgage Type
Seller Take Back
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
Kut Masters Lawn Care Services Llc $65,000 Investors Title
Devere Midwest Llc -- Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Devere Midwest Llc $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $65,000 -13.3% $34 / Sq Ft
07/31/2024 07/31/24 Pending -- -- --
07/13/2024 07/13/24 For Sale $75,000 +60.3% $39 / Sq Ft
01/22/2021 01/22/21 Sold $46,800 -28.0% $24 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
11/16/2020 11/16/20 For Sale $65,000 -- $34 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $1,244 $62,200 $10,500 $51,700
2023 $1,140 $57,000 $10,000 $47,000
2022 $1,140 $56,500 $9,500 $47,000
2021 $1,018 $50,900 $7,400 $43,500
2020 $972 $48,100 $7,000 $41,100
2019 $948 $46,900 $7,000 $39,900
2018 $896 $44,300 $7,000 $37,300
2017 $878 $43,900 $7,000 $36,900
2016 $724 $35,700 $8,000 $27,700
2014 $708 $35,400 $8,000 $27,400
2013 $708 $35,400 $8,000 $27,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21990397

MIBOR Broker Listing Cooperative®

APN: 48-04-15-302-037.000-027