NOT LISTED FOR SALE

1807 Meridian St Anderson, IN 46016

Estimated Value: $60,000

5 Beds
5 Baths
4,774 Sq Ft
$13/Sq Ft Est. Value

Last Sold February 01, 2022

Last sale price $82,000 $17 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $324/month

About This Home

As of February 2022

Investment opportunity- 5-unit Apartment Building. 1- bedroom units. 3 units rented. 1-unit needs cleaned (renters just vacated) and 1 unit needs drywall remodeling and minor repairs. Lots of updates to windows, doors and kitchen cabinets. Tenants pays electric, all on Separate Electric meters. Owner pays Gas, W/S/T and mowing. Rent $275-300 per month with room for adjustments as renters vacate. Partial basement.

Last Agent to Sell the Property

Heather Clemmons

Starr Real Estate LLC Listed on: 02/01/2022

Last Buyer's Agent

Heather Clemmons

Starr Real Estate LLC Listed on: 02/01/2022

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1922

Lot Details

  • 1,437 Sq Ft Lot
  • Lot Dimensions are 10x144
  • Level Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Block Basement Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for fuel, lawn maintenance, sewer, water
  • Assessor Parcel Number 48-11-13-402-061.000-003

Community Details

Overview

  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Apartment

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1922
  • Age: 100
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: AVONDALE 10X144' N SD 0.0000ACRES STR: 00000 SECTION: PLAT: 60 IN: OUT:
  • Parcel Number ID: 48-11-13-402-061.000-003
  • Platted: Yes
  • Amenities: Basement, Cable Available, Water Heater Electric
  • Parcel Id2: 48-11-13-402-064.000-003
  • Sp Lp Percent: 102.63
  • Special Features: None

Interior Features

  • Total Sq Ft: 5648
  • Total Finished Sq Ft: 4774
  • Above Grade Finished Sq Ft: 4774
  • Below Grade Sq Ft: 874
  • Price Per Sq Ft: 17.18
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 874

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 5
  • Number Gas Meters: 1
  • Number Water Meters: 1

Schools

  • School District: Anderson Community
  • Elementary School: Anderson
  • Middle School: Highland Junior High
  • High School: Anderson

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 10x144
  • Estimated Lot Sq Ft: 1437
  • Estimated Lot Size Acres: 0.033
  • Lot Number: 163

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Fuel, Lawn Maintenance, Sewer, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 105000
  • Annual Property Tax: 2375

Multi Family

  • Number Of Units: 5
  • Num Of1 Bedrooms: 5
  • Num Of Units Rented: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2022
Closed on
Jan 24, 2022
Sold by
A International Enterprises Llc
Bought by
Square Foot Properties Llc
Seller's Agent
Heather Clemmons
Starr Real Estate LLC
Buyer's Agent
Heather Clemmons
Starr Real Estate LLC
List Price
$79,900
Sold Price
$82,000
Premium/Discount to List
$2,100
2.63%
Current Estimated Value
$60,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,000
Avg. Annual Appreciation
-8.20%

Purchase Details

Closed on
Oct 30, 2019
Sold by
Five Stream Ventures Llc
Bought by
A International Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 2019
Sold by
Zinszer Joint Trust
Bought by
Five Stream Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
3.65%
Mortgage Type
Commercial
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
Square Foot Properties Llc -- Stauffer Terry A
A International Enterprises Llc -- None Available
Five Stream Ventures Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner A International Enterprises Llc $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2022 02/01/22 Sold $82,000 +2.6% $17 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $79,900 -- $17 / 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 $82 $3,700 $3,700 $0
2023 $83 $3,700 $3,700 $0
2022 $83 $3,700 $3,700 $0
2021 $83 $3,700 $3,700 $0
2020 $84 $3,700 $3,700 $0
2019 $84 $3,700 $3,700 $0
2018 $85 $3,700 $3,700 $0
2017 $74 $3,700 $3,700 $0
2016 $74 $3,700 $3,700 $0
2014 $74 $3,700 $3,700 $0
2013 $74 $3,700 $3,700 $0
Source: Public Records

Agents Affiliated with this Home

  • Heather Clemmons

    Seller's Agent in 2022

    Heather Clemmons

    Starr Real Estate LLC

    (765) 288-1711

    27 in this area

    490 Total Sales

    Heather Clemmons
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Map

Source: Indiana Regional MLS

MLS Number: 202203269

Indiana Regional MLS

APN: 48-11-13-402-064.000-003

Indiana Madison County Anderson 46016

1807 Meridian St, Anderson, IN

This home is located at 1807 Meridian St, Anderson, IN 46016 since 01 February 2022 and is currently estimated at $60,000, approximately $12 per square foot. This property was built in 1922. 1807 Meridian St is a home located in Madison County with nearby schools including Tenth Street Elementary School, Highland Middle School, and Anderson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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