NOT LISTED FOR SALE

2003 W Cedar Canyons Rd Huntertown, IN 46748

Estimated Value: $268,000 - $384,278

8 Beds
4 Baths
3,948 Sq Ft
$79/Sq Ft Est. Value

Last Sold September 15, 2017

Last sale price $292,200 $74 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,071/month

14 Days on Market

Highlights

  • Cathedral Ceiling
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • Carroll Middle School Rated A-
  • Landscaped
  • Garage

About This Home

As of September 2017

SPECTACULAR INVESTMENT OPPORTUNITY IN NORTHWEST ALLEN COUNTY WITH A 9% CAP RATE! 2 DUPLEX BUILDINGS WITH 2 BEDROOM 1 BATH UNITS BOTH HAVE GARAGES AND HAS A GROSS OF $33,540 PER YEAR. VERY CLEAN AND CURRENTLY RENTED. CATHEDRAL CEILINGS, APPLIANCES AND EACH UNIT INCLUDES A PATIO AS WELL AS A COVERED PORCH. CLOSE TO SCHOOLS AND JUST 10 MINUTES FROM DUPONT AREA. YOU CAN PURCHASE THEM BOTH FOR THE LIST PRICE OR JUST ONE AT A TIME FOR $132,500.

Last Agent to Sell the Property

Greg Brown

CENTURY 21 Bradley Realty, Inc Listed on: 08/01/2017

CENTURY 21 Bradley Realty, Inc

Last Buyer's Agent

Greg Brown

CENTURY 21 Bradley Realty, Inc Listed on: 08/01/2017

CENTURY 21 Bradley Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,872

Year Built

  • Built in 1991

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 134x174x146x173
  • Landscaped
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Cedar
  • Vinyl Construction Material

Interior Spaces

  • 3,948 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • Garage
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating, sewer, trash collection, water, water softener
  • The owner pays for building insurance, lawn maintenance, snow removal, tax
  • Assessor Parcel Number 02-02-17-102-003.000-058

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Insurance Expense $2,491
  • Maintenance Expense $2,910

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,872

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1991
  • Style: One Story
  • Bedrooms: 8
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: FRL N 133.7 OF W 173.68 FT 938.36 FT W R/W Of SR 3 & S OF CEDAR CANYONS RD NW 1/4 NW 1/4SEC17 EXW 84
  • Parcel Number ID: 02-02-17-102-003.000-058
  • Platted: Yes
  • Amenities: Off Street Parking, Ceiling-Cathedral, Garage Door Opener, Landscaped, Patio Open, Porch Covered, Water Heater Gas
  • Cross Street: Lima Road
  • Section Number: 17
  • Special Features: None

Interior Features

  • Total Sq Ft: 3948
  • Total Finished Sq Ft: 3948
  • Above Grade Finished Sq Ft: 3948
  • Basement Foundation: Slab
  • Flooring: Carpet, Vinyl
  • Number Of Disposals: 4
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick, Cedar, Vinyl
  • Stories: 1

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 2490.64
  • Annual Maintenance Expense: 2910
  • Number Of W D Hookups: 4

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 134x174x146x173
  • Estimated Lot Sq Ft: 12632
  • Estimated Lot Size Acres: 0.29
  • Zoning: R - 2 - Multiple-Family

Rental Info

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

Tax Info

  • Annual Property Tax: 3872

Multi Family

  • Number Of Dishwashers: 4
  • Number Of Dryers: 4
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 4
  • Num Of2 Bedrooms: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2017
Closed on
Sep 15, 2017
Sold by
Robert Binns
Bought by
Pine Llc
Seller's Agent
Greg Brown
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Greg Brown
CENTURY 21 Bradley Realty, Inc
List Price
$329,900
Sold Price
$292,200
Premium/Discount to List
-$37,700
-11.43%
Current Estimated Value
$313,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,120
Avg. Annual Appreciation
0.85%
Original Mortgage
$300,000
Outstanding Balance
$161,958
Interest Rate
3.93%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$151,362

Purchase Details

Listed on
Jan 19, 2015
Closed on
Mar 27, 2015
Sold by
Scott Edward J
Bought by
Binns Robert and Binns Christine M
Seller's Agent
Steve Bartkus
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Pat Lydy
Keller Williams Realty Group
List Price
$265,000
Sold Price
$260,000
Premium/Discount to List
-$5,000
-1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.72%
Original Mortgage
$95,500
Interest Rate
3.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2008
Sold by
Scott Edward J and Scott Julia A
Bought by
Scott Edward J

Purchase Details

Closed on
Jun 14, 2005
Sold by
Scott Edward J and Scott Julie A
Bought by
Scott Edward J and Scott Julia A

Purchase Details

Closed on
Mar 8, 2002
Sold by
Harrod Lawrence Roger and Harrod Virginia Lee
Bought by
Scott Edward J and Scott Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,700
Interest Rate
7.11%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pine Llc $292,200 --
Pine Tree Properties Llc $292,200 Metropolitan Title Of In
Binns Robert -- Metropolitan Title Of In
Scott Edward J -- None Available
Scott Edward J -- --
Scott Edward J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pine Tree Properties Llc $300,000
Previous Owner Binns Robert $95,500
Previous Owner Scott Edward J $68,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2017 09/15/17 Sold $292,200 -11.4% $74 / Sq Ft
08/15/2017 08/15/17 Pending -- -- --
08/01/2017 08/01/17 For Sale $329,900 +26.9% $84 / Sq Ft
03/06/2015 03/06/15 Sold $260,000 -1.9% $66 / Sq Ft View Prior Sale
02/11/2015 02/11/15 Pending -- -- --
01/19/2015 01/19/15 For Sale $265,000 -- $67 / 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 $5,083 $313,900 $24,500 $289,400
2022 $3,713 $240,700 $24,500 $216,200
2021 $3,555 $214,400 $24,500 $189,900
2020 $3,340 $191,700 $24,500 $167,200
2019 $3,317 $183,700 $24,500 $159,200
2018 $3,170 $173,100 $20,700 $152,400
2017 $1,889 $97,000 $12,700 $84,300
2016 $1,941 $96,800 $12,900 $83,900
2014 $1,928 $96,400 $20,700 $75,700
2013 -- $94,600 $20,700 $73,900
Source: Public Records

Agents Affiliated with this Home

  • Greg Brown

    Seller's Agent in 2017

    Greg Brown

    CENTURY 21 Bradley Realty, Inc

    (260) 414-2469

    239 Total Sales

    Greg Brown
    Section Image
  • Steve Bartkus

    Seller's Agent in 2015

    Steve Bartkus

    CENTURY 21 Bradley Realty, Inc

    (260) 437-6555

    63 Total Sales

    Steve Bartkus
    Section Image
  • Jody Bartkus

    Seller Co-Listing Agent in 2015

    Jody Bartkus

    CENTURY 21 Bradley Realty, Inc

    (260) 715-9797

    76 Total Sales

    Jody Bartkus
    Section Image

  • P

    Buyer's Agent in 2015

    Pat Lydy

    Keller Williams Realty Group

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201740155

Indiana Regional MLS

APN: 02-02-17-102-003.000-058

Indiana Allen County Huntertown 46748

2003 W Cedar Canyons Rd, Huntertown, IN

Not Listed for Sale

MultiFamily

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