NOT LISTED FOR SALE

1725 Davis Ave Whiting, IN 46394

Estimated Value: $304,000 - $321,072

5 Beds
3.5 Baths
3,000 Sq Ft
$103/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $279,400 $93 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,023/month

20 Days on Market

About This Home

As of January 2022

Turnkey and ready to go is this all brick 3-unit property in Whiting, IN. The main floor is a spacious and updated 2/3 bed, 1.5 bath unit with eat in kitchen and pantry. Upstairs has (2) 1 bedroom, 1 bath units - one has brand new flooring. The property includes a garage, fenced in yard, and driveway. The main floor unit, along with one of the upstairs units is occupied. The other one-bedroom unit is vacant and available for showing. You can live in one unit, and rent out the others, or generate income from all 3 units! Reach out to an agent for more information regarding income and expenses.

Last Agent to Sell the Property

Tariq Suboh

Ellsbury Commercial Group LLC License #RB20000815 Listed on: 12/01/2021

Last Buyer's Agent

Kristin Trzoski

Advanced Real Estate, LLC License #RB14036260

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,356

Year Built

  • Built in 1923

Lot Details

  • 4,800 Sq Ft Lot
  • Lot Dimensions are 40 x 120
  • Fenced

Parking

  • 1 Car Detached Garage

Home Design

  • Brick Foundation

Interior Spaces

  • 3,000 Sq Ft Home
  • Elevator
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Listing and Financial Details

  • Total Actual Rent $32,700
  • Tenant pays for electricity
  • The owner pays for gas, sewer, water
  • Assessor Parcel Number 450307102007000023

Community Details

Overview

  • 3 Units
  • Sheffield Subdivision

Building Details

  • Electric Expense $900
  • Insurance Expense $1,620
  • Water Sewer Expense $1,620
  • New Taxes Expense $5,110
  • Net Operating Income $22,550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,356

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Year Built: 1923
  • Reso Property Sub Type: Triplex
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRAgenericoffice
  • Subdivision Name: Sheffield
  • Garage Yn: Yes
  • WaterExpense: 1620.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Fencing: Fenced
  • Acres: 0.1102
  • Construction Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Water Source: Public

Lot Info

  • Lot Dimensions: 40 x 120
  • Lot Size Sq Ft: 4800
  • Parcel #: 450307102007000023

Rental Info

  • Tenant Pays: Electricity
  • Owner Pays: Gas, Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 900
  • Insurance Expense: 1620
  • Total Actual Rent: 32700

Tax Info

  • New Taxes Expense: 5110

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Jan 31, 2022
Sold by
Spring Harbor Llc
Bought by
Tomczak Brent
Seller's Agent
Tariq Suboh
Ellsbury Commercial Group LLC
Buyer's Agent
Kristin Trzoski
Advanced Real Estate, LLC
List Price
$279,400
Sold Price
$279,400
Current Estimated Value
$310,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,618
Avg. Annual Appreciation
3.91%
Original Mortgage
$195,580
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 1, 2021
Closed on
Jan 28, 2022
Sold by
Spring Harbor Llc
Bought by
Tomczak Brent
Seller's Agent
Tariq Suboh
Ellsbury Commercial Group LLC
Buyer's Agent
Kristin Trzoski
Advanced Real Estate, LLC
List Price
$279,400
Sold Price
$279,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,580
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2019
Sold by
Boucher Eugene M
Bought by
Spring Harbor Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 3, 2012
Closed on
Apr 20, 2012
Sold by
Kessler Samuel C and Kessler Veronica A
Bought by
Boucher Eugene M
Seller's Agent
Nancy Stolman
RE/MAX Realty Associates
Buyer's Agent
Linda Branson
McColly Real Estate
List Price
$115,900
Sold Price
$115,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%
Original Mortgage
$86,900
Interest Rate
4.08%
Mortgage Type
New Conventional
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
Tomczak Brent -- Chicago Title
Tomczak Brent -- Chicago Title
Spring Harbor Llc -- Fidelity National Title Co
Boucher Eugene M -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tomczak Brent $195,580
Closed Tomczak Brent $195,580
Previous Owner Spring Harbor Llc $92,000
Previous Owner Boucher Eugene M $86,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2022 01/28/22 Sold $279,400 0.0% $93 / Sq Ft
12/29/2021 12/29/21 Pending -- -- --
12/01/2021 12/01/21 For Sale $279,400 +141.1% $93 / Sq Ft
04/20/2012 04/20/12 Sold $115,900 0.0% $39 / Sq Ft
03/21/2012 03/21/12 Pending -- -- --
01/03/2012 01/03/12 For Sale $115,900 -- $39 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

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 $12,356 $277,400 $32,100 $245,300
2023 $6,942 $258,500 $32,000 $226,500
2022 $5,670 $211,600 $32,000 $179,600
2021 $5,321 $196,300 $21,600 $174,700
2020 $5,110 $187,200 $21,600 $165,600
2019 $3,646 $174,800 $21,600 $153,200
2018 $3,655 $168,200 $21,600 $146,600
2017 $4,087 $165,700 $21,600 $144,100
2016 $3,387 $160,700 $21,600 $139,100
2014 $3,277 $155,800 $21,600 $134,200
2013 $3,176 $158,000 $21,600 $136,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 504906

Northwest Indiana Association of REALTORS®

APN: 45-03-07-102-007.000-023