NOT LISTED FOR SALE

1734 E 225 S Winona Lake, IN 46590

Estimated Value: $253,664 - $355,000

8 Beds
4 Baths
3,200 Sq Ft
$97/Sq Ft Est. Value

Sale Details

Date Sold: October 5, 2018

Last sale price $230,000 $72 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,988 / mo

5 Days on Market

Highlights

  • Open Floorplan
  • Double Pane Windows
  • Ceiling Fan
  • Eisenhower Elementary School Rated A-
  • Ceramic Tile Flooring
  • Baseboard Heating

About This Home

As of October 2018

4 unit duplex, completely updated and excellent condition. strong cash flow and near perfect rental history. vacancy only during remodeling of each unit. all units 2 bedroom, 1 bath, newer appliances and mechanicals. Each unit has separate utilities. all on 3/4 acre

Last Agent to Sell the Property

Daniel Harstine

Integrity Real Estate Listed on: 08/27/2018

Last Buyer's Agent

James Bausch

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,755

Year Built

  • Built in 1979

Lot Details

  • 32,234 Sq Ft Lot
  • Lot Dimensions are 107 x 301
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Double Pane Windows
  • Crawl Space
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Doors

Location

  • Suburban Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Multiple Heating Units
  • Baseboard Heating
  • Private Water Source
  • Private Company Owned Well
  • Well
  • Electric Water Heater
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cooling, electric, heating
  • The owner pays for lawn maintenance, sewer, snow removal, tax, trash collection, water softener
  • Assessor Parcel Number 43-11-27-100-114.000-033

Community Details

Overview

  • 2 Buildings
  • 4 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 5 Separate Electric Meters
  • Electric Expense $447
  • Insurance Expense $1,043
  • Maintenance Expense $1,140
  • Trash Expense $240
  • Water Sewer Expense $463

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,755

Year Built

Built in 1979

Lot Details

0.74 Acres

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1979
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 8
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: 006-129-013 Lot 5 Southtown est 2nd add |
  • Parcel Number ID: 43-11-27-100-114.000-033
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Near Walking Trail, Cable Available, Countertops-Laminate, Detector-Smoke, Open Floor Plan, Storm Doors, Water Heater Electric
  • Grid: 10 - Central Kosc.
  • Inside City Limits: Yes
  • Location: City/Town/Suburb, Near Walking Trail
  • Road Access: City
  • Road Surface: Asphalt
  • Zoning Description: res
  • Special Features: None

Interior Features

  • Total Sq Ft: 3200
  • Total Finished Sq Ft: 3200
  • Above Grade Finished Sq Ft: 3200
  • Basement Foundation: Crawl
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Main Level Sq Ft: 3200
  • Number Of Microwaves: 4
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 1

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 8
  • Parking: Off Street, Paved

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Electricity, Baseboard, Multiple Heating Systems
  • Sewer: Septic
  • Water Utilities: Private, Well
  • Electric Company: NIPSCO
  • Cable Company: Comcast
  • Well Type: Private
  • Annual Electric: 447
  • Annual Insurance Expense: 1043
  • Annual Maintenance Expense: 1140
  • Annual Trash Expense: 240
  • Annual Water Sewer Expense: 463
  • Number Electric Meters: 5

Condo/Co-op/Association

  • Pet Restrictions: Yes

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 107 x 301
  • Estimated Lot Sq Ft: 32234
  • Estimated Lot Size Acres: 0.74
  • Lot Number: 5

Green Features

  • Energy Efficient: Doors, Windows
  • Energy Efficient Windows/Doors: Double Pane Windows, Storm Doors

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Lawn Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water Softener
  • Tenant Pays: Cooling, Electric, Heating

Tax Info

  • Annual Property Tax: 2755

Multi Family

  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of2 Bedrooms: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2018
Closed on
Oct 5, 2018
Sold by
Brackett Thomas W and Brackett Susanne
Bought by
Properkeys Llc
Seller's Agent
Daniel Harstine
Integrity Real Estate
Buyer's Agent
James Bausch
RE/MAX Results
List Price
$229,900
Sold Price
$230,000
Premium/Discount to List
$100
0.04%
Current Estimated Value
$309,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,666
Avg. Annual Appreciation
4.02%
Original Mortgage
$170,250
Outstanding Balance
$124,008
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$185,658
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Properkeys Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Properkeys Llc $170,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2018 10/05/18 Sold $230,000 0.0% $72 / Sq Ft
08/27/2018 08/27/18 For Sale $229,900 -- $72 / Sq Ft
Source: Indiana Regional MLS

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
2025 $4,169 $241,300 $44,400 $196,900
2024 $3,501 $199,800 $41,600 $158,200
2023 $2,988 $164,400 $41,600 $122,800
2022 $2,678 $145,400 $37,400 $108,000
2021 $2,604 $136,200 $37,400 $98,800
2020 $2,702 $136,200 $37,400 $98,800
2019 $2,817 $142,600 $37,400 $105,200
2018 $2,901 $142,600 $37,400 $105,200
2017 $2,755 $141,600 $37,400 $104,200
2016 $2,832 $141,600 $37,400 $104,200
2014 $2,898 $153,700 $33,300 $120,400
2013 $2,898 $149,100 $33,300 $115,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201839071

Indiana Regional MLS

APN: 43-11-27-100-114.000-033

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