NOT LISTED FOR SALE

197 Falls Ave Wabash, IN 46992

Estimated Value: $77,000 - $161,000

4 Beds
3 Baths
1,888 Sq Ft
$59/Sq Ft Est. Value

Last Sold November 08, 2019

Last sale price $40,000 $21 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $714/month

75 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Forced Air Heating System

About This Home

As of November 2019

This is a great investment opportunity! This triplex has tons to offer its new owner! It has two 1 bedroom apartments, and one two bedroom apartment. It offers a laundry room accessible to all who live in the building. It also offers hardwood flooring and all of the appliances are to stay with the sale of this property. This property is a must see!

Last Agent to Sell the Property

Storm Sinclair

Terrell Realty Group, LLC Listed on: 08/25/2019

Last Buyer's Agent

Valerie Boyd

Wander Home Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 72x49
  • Corner Lot

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 5 Parking Spaces
  • Off-Street Parking

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable, electric, heating
  • The owner pays for water
  • Assessor Parcel Number 85-14-40-402-053.000-009

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $1,000
  • Insurance Expense $1,400
  • Maintenance Expense $500
  • Trash Expense $360
  • Water Sewer Expense $1,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1925
  • Age: 94
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: E & H N PT LOT 21 E & H NE PT 20
  • Parcel Number ID: 85-14-40-402-053.000-009
  • Platted: Yes
  • Amenities: Off Street Parking
  • Inside City Limits: Yes
  • Sp Lp Percent: 89.09
  • Monthly Gross Income: 1590
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 2188
  • Total Finished Sq Ft: 1888
  • Above Grade Finished Sq Ft: 1888
  • Below Grade Sq Ft: 300
  • Price Per Sq Ft: 21.19
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Laminate, Wood
  • Total Below Grade Sq Ft: 300
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Aluminum, Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 1000
  • Annual Insurance Expense: 1400
  • Annual Maintenance Expense: 500
  • Annual Trash Expense: 360
  • Annual Water Sewer Expense: 1800
  • 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: Corner
  • Lot Dimensions: 72x49
  • Estimated Lot Sq Ft: 3485
  • Estimated Lot Size Acres: 0.08

Rental Info

  • Lease Term: 6 Months
  • Owner Pays: Water
  • Tenant Pays: Cable, Electric, Heating

Multi Family

  • Gross Monthly Rent: 1590
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1118

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
Aug 25, 2019
Closed on
Nov 8, 2019
Sold by
Baer Eric Scott
Bought by
Daval Properties Llc
Seller's Agent
Storm Sinclair
Terrell Realty Group, LLC
Buyer's Agent
Valerie Boyd
Wander Home Realty, LLC
List Price
$44,900
Sold Price
$40,000
Premium/Discount to List
-$4,900
-10.91%
Current Estimated Value
$110,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,667
Avg. Annual Appreciation
16.13%

Purchase Details

Closed on
Jun 22, 2006
Sold by
Baer Ronald D
Bought by
Baer Eric Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
6.73%
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
Daval Properties Llc -- None Available
Baer Eric Scott -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baer Eric Scott $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2019 11/08/19 Sold $40,000 -10.9% $21 / Sq Ft
08/25/2019 08/25/19 For Sale $44,900 -- $24 / 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 $1,528 $76,400 $8,800 $67,600
2023 $1,478 $73,900 $8,800 $65,100
2022 $1,316 $65,800 $6,100 $59,700
2021 $1,186 $59,300 $6,100 $53,200
2020 $1,166 $58,300 $6,100 $52,200
2019 $1,136 $56,800 $6,100 $50,700
2018 $1,094 $54,700 $6,100 $48,600
2017 $1,108 $54,200 $6,100 $48,100
2016 $1,106 $54,100 $6,200 $47,900
2014 $1,049 $55,000 $6,200 $48,800
2013 $1,104 $55,200 $6,100 $49,100
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Storm Sinclair

    Terrell Realty Group, LLC

    Section Image
  • Valerie Boyd

    Buyer's Agent in 2019

    Valerie Boyd

    Wander Home Realty, LLC

    (260) 982-4566

    61 Total Sales

    Valerie Boyd
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201937224

Indiana Regional MLS

APN: 85-14-40-402-053.000-009

Indiana Wabash County Wabash 46992

197 Falls Ave, Wabash, IN

This home is located at 197 Falls Ave, Wabash, IN 46992 since 25 August 2019 and is currently estimated at $110,667, approximately $58 per square foot. This property was built in 1925. 197 Falls Ave is a home located in Wabash County with nearby schools including O.J. Neighbours Elementary School, W C Mills Elementary School, and Wabash Middle 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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