NOT LISTED FOR SALE

1722 Spear St Logansport, IN 46947

Estimated Value: $90,519 - $150,000

3 Beds
1 Bath
1,524 Sq Ft
$70/Sq Ft Est. Value

Last Sold August 19, 2022

Last sale price $51,000 $33 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $673/month

80 Days on Market

Highlights

  • Covered Patio or Porch
  • Ceiling Fan
  • Carpet
  • Fenced Yard
  • Level Lot
  • 1-Story Property

About This Home

As of August 2022

This property is a great investment opportunity with long term paying tenants! The property is being Sold As Is. The tenants would like to stay with the sale if possible. The tenant currently pays 550 a month and their own utilities, please keep in mind that this is due for a rent market increase.The appliances for this property are owned by the tenant. The chimney had a leak and there is present water damage in the corner by the bedroom in the living room, the leak in the chimney has since then been fixed by the owner. However, the buyers will be responsible for any damage it may have caused. There are no current leaks in the roof and the roof above the porch was recently replaced. The current tenant in this house hold is a smoker and owns animals. It is up to you on whether or not you want to require a pet deposit with your ownership, the current landlords did not. All showings require at least a 24 hr notice due to it being occupied by the tenants, but a 48 hr notice is preferred.

Last Agent to Sell the Property

Audrey Steffel

Rogers Auction & Real Estate Listed on: 05/14/2022

Last Buyer's Agent

Audrey Steffel

Rogers Auction & Real Estate Listed on: 05/14/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,099

Year Built

  • Built in 1920

Lot Details

  • 8,930 Sq Ft Lot
  • Fenced Yard
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Partially Finished Basement
  • Stone or Rock in Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Landis Elementary School
  • Columbia/Logansport Middle School
  • Logansport High School

Additional Features

  • Covered Patio or Porch
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, heating, sewer, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 09-17-60-273-011.000-010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,099

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1920
  • Age: 102
  • Style: One Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Reuber & Barnheisel Lot 4
  • Parcel Number ID: 09-17-60-273-011.000-010
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Fenced Yard, Porch Covered
  • Sp Lp Percent: 70.34
  • Monthly Gross Income: 550
  • Year Taxes Payable: 2021 payable to 2022
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2140
  • Total Finished Sq Ft: 1524
  • Above Grade Finished Sq Ft: 1524
  • Below Grade Sq Ft: 616
  • Price Per Sq Ft: 33.46
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Basement Material: Stone
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 616
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 1

Schools

  • School District: Logansport Community School Corp.
  • Elementary School: Landis
  • Middle School: Columbia/Logansport
  • High School: Logansport
  • Elementary School: Landis

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 8929.8
  • Estimated Lot Sq Ft: 8930
  • Estimated Lot Size Acres: 0.205

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Electric, Heating, Sewer, Water

Multi Family

  • Gross Monthly Rent: 550
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of Washers: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

MLS Schools

  • High School: Logansport
  • Middle School: Columbia/Logansport
  • School District: Logansport Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2022
Closed on
Aug 22, 2022
Sold by
Todd Jr James E and Todd Brenda
Bought by
Perez-Zamudio Juan Cesar
Seller's Agent
Audrey Steffel
Rogers Auction & Real Estate
Buyer's Agent
Audrey Steffel
Rogers Auction & Real Estate
List Price
$78,000
Sold Price
$51,000
Premium/Discount to List
-$27,000
-34.62%
Views
24
Current Estimated Value
$106,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,630
Avg. Annual Appreciation
20.38%
Source: Public Records

Range of Values:

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Average Value
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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
Perez-Zamudio Juan Cesar $51,000 Stephenson Andrew J
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2022 08/19/22 Sold $51,000 -29.7% $33 / Sq Ft
08/02/2022 08/02/22 Pending -- -- --
06/09/2022 06/09/22 Price Changed $72,500 +16.0% $48 / Sq Ft
06/09/2022 06/09/22 Price Changed $62,500 -19.9% $41 / Sq Ft
05/14/2022 05/14/22 For Sale $78,000 -- $51 / 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 $1,099 $60,700 $10,500 $50,200
2022 $1,017 $50,600 $10,500 $40,100
2021 $930 $46,300 $10,500 $35,800
2020 $836 $41,600 $10,500 $31,100
2019 $808 $40,200 $10,500 $29,700
2018 $770 $38,300 $10,500 $27,800
2017 $774 $38,500 $12,400 $26,100
2016 $718 $35,700 $12,400 $23,300
2014 $796 $39,600 $12,400 $27,200
2013 $796 $40,300 $12,400 $27,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202218246

Indiana Regional MLS

APN: 09-17-60-273-011.000-010