NOT LISTED FOR SALE

201 E Lake Rd Unit 19 Geneva, IN 46740

Estimated Value: $223,000

29 Beds
19 Baths
12,520 Sq Ft
$18/Sq Ft Est. Value

Last Sold September 06, 2022

Last sale price $551,050 $44 Per Sq Ft

Current estimated payment $1,473/month

23 Days on Market

Highlights

  • Baseboard Heating
  • Level Lot
  • 1-Story Property

About This Home

As of September 2022

THIS PROPERTY WILL SELL AT PUBLIC AUCTION ON TUESDAY, AUG. 2ND AT 6:00 PM - Lake of the Woods Apartment Community - Outstanding opportunity to purchase a small apartment community with tremendous upside potential. This multi-family investment property is great for a hands on owner/manager. The property consists of 5 buildings: two 2 story buildings and three 1 story buildings. Unit mix includes (2) 2-Bedroom / 1 Bath upstairs units; (8) 2-Bedroom / 1 Bath downstairs unit; (2) 1 Bedroom / 1 Bath upstairs units and (7) 1 Bedroom / 1 Bath downstairs units. Includes Parcel #'s - 01-11-29-203-001.000-019; 01-11-29-203-006.000-019; 01-11-20-400-001.000-019. - STRONG RENTAL HISTORY - PRIME LOCATION ADJACENT TO LAKE OF THE WOODS - EASY TO MANAGE PROPERTY.

Last Listed By

Brandon Steffen

Steffen Group Listed on: 07/10/2022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,658

Year Built

  • Built in 1970

Lot Details

  • 2.24 Acre Lot
  • Level Lot

Interior Spaces

  • 12,520 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 29 Bedrooms
  • 19 Full Bathrooms

Parking

  • 35 Parking Spaces
  • Off-Street Parking

Schools

  • South Adams Elementary And Middle School
  • South Adams High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for cooling, electric, heating
  • The owner pays for maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 01-11-29-203-001.000-019

Community Details

Overview

  • 5 Buildings
  • 19 Units
  • Lake Of The Woods Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $6,380
  • Insurance Expense $5,050
  • Maintenance Expense $2,173
  • Trash Expense $2,500
  • Water Sewer Expense $3,600

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,658

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1970
  • Age: 52
  • Bedrooms: 29
  • Number Above Grade Bedrooms: 29
  • Total Bathrooms: 19
  • Total Full Bathrooms: 19
  • Legal Description: Partial Legal: Tract 1 - Lot Number 22 in Lake of the Woods Subdivision, Section 1, a subdivision of Adams County. Tract #2 - A part of Southeast Quarter of Section 20, Township 25 North, Range 14 East. Tract #3 - Part of Lot 21 Lake of the Woods.
  • Parcel Number ID: 01-11-29-203-001.000-019
  • Platted: Yes
  • Amenities: Off Street Parking
  • Sp Lp Percent: 100
  • Monthly Gross Income: 5822
  • Year Taxes Payable: 2021
  • Special Features: Auction

Interior Features

  • Total Sq Ft: 12520
  • Total Finished Sq Ft: 12520
  • Above Grade Finished Sq Ft: 12520
  • Price Per Sq Ft: 44.01
  • Basement Foundation: Crawl
  • Number Of Ranges Ovens: 19

Exterior Features

  • Exterior: Aluminum
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 35

Utilities

  • Cooling: Window
  • Heating Fuel: Baseboard
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 6380
  • Annual Insurance Expense: 5050
  • Annual Maintenance Expense: 2173
  • Annual Trash Expense: 2500
  • Annual Water Sewer Expense: 3600

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: South Adams
  • Elementary School: South Adams
  • Middle School: South Adams
  • High School: South Adams
  • Elementary School: South Adams

Lot Info

  • Lot Description: Level
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 97574
  • Estimated Lot Size Acres: 2.24

Rental Info

  • Owner Pays: Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cooling, Electric, Heating

Multi Family

  • Gross Monthly Rent: 5821
  • Number Of Refrigerators: 19
  • Number Of Units: 19
  • Num Of1 Bedrooms: 9
  • Num Of2 Bedrooms: 10
  • Num Of Units Rented: 18

Tax Info

  • Annual Property Tax: 7658

MLS Schools

  • High School: South Adams
  • Middle School: South Adams
  • School District: South Adams

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2022 09/06/22 Sold $551,050 0.0% $44 / Sq Ft
08/02/2022 08/02/22 Pending -- -- --
07/10/2022 07/10/22 For Sale $551,050 -- $44 / 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 $2,774 $137,700 $21,300 $116,400
2023 $2,588 $128,400 $21,300 $107,100
2022 $2,508 $124,400 $21,300 $103,100
2021 $2,472 $123,600 $20,800 $102,800
2020 $2,474 $122,700 $20,800 $101,900
2019 $2,474 $122,700 $20,800 $101,900
2018 $2,468 $122,400 $20,800 $101,600
2017 $2,878 $143,100 $19,900 $123,200
2016 $1,552 $77,300 $19,900 $57,400
2014 $1,524 $76,200 $19,900 $56,300
2013 $1,536 $76,800 $19,900 $56,900
Source: Public Records

Agents Affiliated with this Home

  • Brandon Steffen

    Seller's Agent in 2022

    Brandon Steffen

    Steffen Group

    (260) 710-5684

    154 Total Sales

    Brandon Steffen
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Map

Source: Indiana Regional MLS

MLS Number: 202228269

Indiana Regional MLS

APN: 01-11-29-203-001.000-019

Indiana Adams County Geneva 46740

201 E Lake Rd Unit 19, Geneva, IN

Homes for Sale in Geneva, IN

This home is located at 201 E Lake Rd Unit 19, Geneva, IN 46740 since 10 July 2022 and is currently estimated at $223,000, approximately $17 per square foot. This property was built in 1970. 201 E Lake Rd Unit 19 is a home located in Adams County with nearby schools including South Adams Elementary School, South Adams Middle School, and South Adams 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.