$101,202
SOLD MAY 23, 2024

202 Reed St Nappanee, IN 46550

3 Beds
1 Bath
925 Sq Ft
9,060 Sq Ft Lot

Recently Sold

$109 Per Sq Ft

45% Above List Price

6 Days on Market

Highlights

  • Ranch Style House
  • NorthWood High School Rated A-
  • Wood Flooring

About This Home

As of December 2024

**MULTIPLE OFFERS RECEIVED** All offers due no later than Saturday, May 4 at 6 pm. Seller will make decision by Monday the 6th at 6 pm. Investor's Special! Ready for your rehab to bring this home back to it's natural beauty in popular, picturesque neighborhood. Once you're done with your work, your tenants or future buyers of home will enjoy the city park across the street and a short distance to downtown shops and close to elementary school. Plenty of room for them to work or store things in the 36x28 foot pole building in backyard. Hardwood floors. No gas meter, no utilities currently on, being sold AS IS.

Last Agent to Sell the Property

Leanne Hankins

Cressy & Everett- Elkhart Brokerage Phone: 574-903-6287 Listed on: 05/01/2024

Cressy & Everett- Elkhart

Last Buyer's Agent

America Martinez

Cressy & Everett- Elkhart

Cressy & Everett- Elkhart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,997

Year Built

  • Built in 1962

Lot Details

  • 9,060 Sq Ft Lot
  • Lot Dimensions are 66 x 136

Parking

  • Off-Street Parking

Home Design

  • 925 Sq Ft Home
  • Ranch Style House
  • Slab Foundation
  • Metal Siding

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Suburban Location

Schools

  • Nappanee Elementary School
  • Northwood Middle School
  • Northwood High School

Listing and Financial Details

  • Assessor Parcel Number 20-13-36-439-011.000-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,997

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1962
  • Age: 62
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 6
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Metzlers 3rd Sub Of Outlouts 9 & 10 Lot 7 Blk 9
  • Parcel Number ID: 20-13-36-439-011.000-021
  • Platted: Yes
  • Cross Street: State Road 19
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 144.57
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 925
  • Total Finished Sq Ft: 925
  • Above Grade Finished Sq Ft: 925
  • Price Per Sq Ft: 109.41
  • Basement Foundation: Slab
  • Flooring: Hardwood Floors, Tile
  • Living Great Room: Dimensions: 14x12
  • Bedroom 1: Dimensions: 12x8, On Level: Main
  • Bedroom 2: Dimensions: 12x8, On Level: Main
  • Bedroom 3: Dimensions: 14x12, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Metal
  • Outbuilding1: Pole/Post Building, Dimensions: 36x28

Garage/Parking

  • Off Street Parking: Yes

Utilities

  • Sewer: City
  • Water Utilities: City

Schools

  • School District: Wa-Nee Community Schools
  • Elementary School: Nappanee
  • Middle School: NorthWood
  • High School: NorthWood
  • Elementary School: Nappanee

Lot Info

  • Lot Dimensions: 66 x 136
  • Estimated Lot Sq Ft: 9060
  • Estimated Lot Size Acres: 0.21

Tax Info

  • Annual Taxes: 1997

MLS Schools

  • High School: NorthWood
  • Middle School: NorthWood
  • School District: Wa-Nee Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2024
Closed on
Dec 26, 2024
Sold by
Rojas Julio Ramirez and Yoder Alvin Dean
Bought by
Kreft Rodney A
Seller's Agent
America Martinez
Cressy & Everett- Elkhart
Buyer's Agent
Nick Benninghoff
Cressy & Everett - South Bend
List Price
$235,000
Sold Price
$185,000
Premium/Discount to List
-$50,000
-21.28%
Views
50
Current Estimated Value
$177,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,201
Avg. Annual Appreciation
-7.59%
Original Mortgage
$182,000
Outstanding Balance
$181,535
Interest Rate
6.84%
Mortgage Type
VA
Estimated Equity
-$5,096

Purchase Details

Listed on
May 1, 2024
Closed on
May 23, 2024
Sold by
Hochstetler Patricia A
Bought by
Rojas Julio Ramirez and Miller Alvin Dean
Seller's Agent
Leanne Hankins
Cressy & Everett- Elkhart
Buyer's Agent
America Martinez
Cressy & Everett- Elkhart
List Price
$70,000
Sold Price
$101,202
Premium/Discount to List
$31,202
44.57%
Views
85

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
178.00%

Purchase Details

Closed on
Oct 4, 2012
Sold by
Truex Steven A
Bought by
Hochester Phillip D and Hochester Patricia A

Purchase Details

Closed on
Jun 18, 2008
Sold by
Grp Loan Llc
Bought by
Truex Steven A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,403
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 30, 2007
Sold by
Stouder Bart and Stouder Jackie
Bought by
Grp Loan Llc

Purchase Details

Closed on
Sep 24, 2004
Sold by
Silvers Harold E
Bought by
Stouder Bart and Stouder Jackie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,892
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed -- Metropolitan Title
Personal Reps Deed $101,202 None Listed On Document
Warranty Deed -- Stewart Title / Closing
Special Warranty Deed -- Stewart Title
Sheriffs Deed $70,000 None Available
Warranty Deed -- Archer Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $182,000 VA
Previous Owner $48,403 Purchase Money Mortgage
Previous Owner $80,325 Fannie Mae Freddie Mac
Previous Owner $65,892 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2024 12/26/24 Sold $185,000 -9.3% $200 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
11/22/2024 11/22/24 Price Changed $204,000 -11.3% $221 / Sq Ft
10/25/2024 10/25/24 Price Changed $230,000 -2.1% $249 / Sq Ft
10/17/2024 10/17/24 For Sale $235,000 +132.2% $254 / Sq Ft
05/23/2024 05/23/24 Sold $101,202 +44.6% $109 / Sq Ft
05/07/2024 05/07/24 Pending -- -- --
05/01/2024 05/01/24 For Sale $70,000 -- $76 / 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 $2,080 $102,300 $13,100 $89,200
2022 $2,080 $89,500 $13,100 $76,400
2021 $1,859 $82,600 $13,100 $69,500
2020 $1,732 $77,000 $13,100 $63,900
2019 $1,649 $72,900 $13,100 $59,800
2018 $1,512 $66,800 $13,100 $53,700
2017 $1,363 $62,400 $13,100 $49,300
2016 $1,319 $60,300 $13,100 $47,200
2014 $1,312 $59,700 $13,100 $46,600
2013 $970 $48,300 $13,100 $35,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202414866

Indiana Regional MLS

APN: 20-13-36-439-011.000-021