NOT LISTED FOR SALE

171 W Main St Wabash, IN 46992

Estimated Value: $57,000 - $110,766

3 Beds
3 Baths
1,216 Sq Ft
$66/Sq Ft Est. Value

Last Sold December 23, 2019

Last sale price $48,000 $39 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $547/month

21 Days on Market

About This Home

As of December 2019

This clean, multi-family home is perfect for your next rental property investment! There are a total of three units, two on the lower level and one on the upper level, that have all been recently updated. Newer electrical and plumbing, and conveniently located close to downtown shopping.

Last Listed By

Emily Williams

Terrell Realty Group, LLC Listed on: 11/29/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $824

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 33x132

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Sump Pump
  • Block Basement Construction

Parking

  • 3 Parking Spaces
  • On-Street Parking

Location

  • Suburban Location

Schools

  • Oj Neighbors Elementary School
  • Wabash Middle School
  • Wabash High School

Utilities

  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, electric, heating
  • The owner pays for sewer, water
  • Assessor Parcel Number 85-14-11-304-090.000-009

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $3,600
  • Fuel Expense $720
  • Insurance Expense $1,320
  • Water Sewer Expense $840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$824

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 119
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: OP E1/2 LOT 90
  • Parcel Number ID: 85-14-11-304-090.000-009
  • Platted: Yes
  • Amenities: Basement, Cable Available, Water Heater Electric, Sump Pump
  • Location: City/Town/Suburb
  • Sp Lp Percent: 87.27
  • Monthly Gross Income: 900
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 2048
  • Total Finished Sq Ft: 1216
  • Above Grade Finished Sq Ft: 1216
  • Below Grade Sq Ft: 832
  • Price Per Sq Ft: 39.47
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 832
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 3
  • Parking: Street

Utilities

  • Heating Fuel: Wall Heater
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: NIPSCO
  • Water Company: Indiana American Water Co
  • Annual Electric: 3600
  • Annual Fuel Expense: 720
  • Annual Insurance Expense: 1320
  • Annual Water Sewer Expense: 840
  • Number Of W D Hookups: 1

Schools

  • School District: Wabash City Schools
  • Elementary School: OJ Neighbors
  • Middle School: Wabash
  • High School: Wabash
  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 33x132
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Sewer, Water
  • Tenant Pays: Cable, Electric, Heating

Multi Family

  • Gross Monthly Rent: 900
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 3
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 824

MLS Schools

  • High School: Wabash
  • Middle School: Wabash
  • School District: Wabash City Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2019
Closed on
Dec 23, 2019
Sold by
Mckinght Properties Llc
Bought by
D & B Home Rentawls Llc
Seller's Agent
Emily Williams
Terrell Realty Group, LLC
Buyer's Agent
Jennie Terrell
Terrell Realty Group, LLC
List Price
$55,000
Sold Price
$48,000
Premium/Discount to List
-$7,000
-12.73%
Total Days on Market
21
Current Estimated Value
$80,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,442
Avg. Annual Appreciation
10.05%

Purchase Details

Closed on
Jun 6, 2019
Sold by
Mcknight Philip A and Mcknight Janeen R
Bought by
Mcknight Properties Llc

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
D & B Home Rentawls Llc -- None Available
Mcknight Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcknight Philip Allen $37,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2019 12/23/19 Sold $48,000 -12.7% $39 / Sq Ft
11/29/2019 11/29/19 For Sale $55,000 -- $45 / 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 $1,206 $60,300 $5,800 $54,500
2023 $1,176 $58,800 $5,800 $53,000
2022 $1,050 $52,500 $5,000 $47,500
2021 $956 $47,800 $5,000 $42,800
2020 $878 $43,900 $5,000 $38,900
2019 $816 $40,800 $5,000 $35,800
2018 $800 $40,000 $5,000 $35,000
2017 $892 $43,400 $5,000 $38,400
2016 $898 $43,700 $5,000 $38,700
2014 $769 $40,300 $5,000 $35,300
2013 $790 $39,500 $5,000 $34,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201951373

Indiana Regional MLS

APN: 85-14-11-304-090.000-009