NOT LISTED FOR SALE

202 W Hazel St Albion, IN 46701

Estimated Value: $192,000 - $222,000

5 Beds
3 Baths
2,759 Sq Ft
$74/Sq Ft Est. Value

Last Sold May 15, 2015

Last sale price $84,000 $30 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $1,334/month

32 Days on Market

Highlights

  • Corner Lot
  • Covered Deck
  • Carpet
  • Enclosed Patio or Porch
  • 5 Car Garage

About This Home

As of May 2015

Incredible opportunity with this updated triplex in town Albion! If you are an investor, you have an opportunity of a potential $10,500+ NET annual income (renting all 3 units). If you are a buyer looking to purchase a home, live in one unit and rent out the other two for a potential $5700+ NET annual income! Several new updates include new carpet, new metal roof in 2011, newer thermal pane windows, newer vinyl siding, updated bathroom, and more! This property sits on a large corner lot with a 30x20 detached garage and shed. Close to local amenities. Each unit has a patio or deck and an enclosed front porch at the entrance. No need for immediate repairs, call and schedule your private tour today!

Last Agent to Sell the Property

Trey Forbes

Weichert Realtors - Hoosier Heartland Listed on: 03/25/2015

Co-Listed By

Keith Forbes

Weichert Realtors - Hoosier Heartland

Last Buyer's Agent

Tina Craft

Hosler Realty Inc - Kendallville

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $967

Year Built

  • Built in 1890

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 132x66
  • Corner Lot
  • Sloped Lot

Home Design

  • Triplex
  • Poured Concrete
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 3-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • 1 Bathroom in Basement
  • 2 Bedrooms in Basement

Parking

  • 5 Car Garage
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Covered Deck
  • Enclosed Patio or Porch
  • Outbuilding

Location

  • Suburban Location

Schools

  • Albion Elementary School
  • Central Noble Middle School
  • Central Noble High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for trash collection, water
  • Assessor Parcel Number 57-13-24-100-038.000-002

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $890
  • Maintenance Expense $1,000
  • Trash Expense $252
  • Water Sewer Expense $680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$967

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1890
  • Age: 125
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Op E 1/2 Lots 115 & 120 |
  • Parcel Number ID: 57-13-24-100-038.000-002
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Deck Covered, Patio Open, Porch Enclosed
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 2
  • Sp Lp Percent: 94.49
  • Annual Miscellaneous: 200
  • Monthly Gross Income: 815
  • Year Taxes Payable: 14/15
  • Special Features: None

Interior Features

  • Total Sq Ft: 2969
  • Total Finished Sq Ft: 2759
  • Above Grade Finished Sq Ft: 1862
  • Below Grade Finished Sq Ft: 897
  • Below Grade Sq Ft: 210
  • Price Per Sq Ft: 45.11
  • Basement: Yes
  • Basement Foundation: Finished, Full Basement
  • Basement Material: Block, Poured Concrete
  • Flooring: Carpet, Vinyl
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 1107
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 5

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Metal
  • Stories: 3
  • Outbuilding: Outbuilding
  • Outbuilding Sq Ft: 600

Garage/Parking

  • Number Of Parking Spaces: 5
  • Parking: Garage, Street

Utilities

  • Cooling: Window
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 890
  • Annual Maintenance Expense: 1000
  • Annual Trash Expense: 252
  • Annual Water Sewer Expense: 680
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Central Noble Community
  • Elementary School: Albion
  • Middle School: Central Noble
  • High School: Central Noble
  • Elementary School: Albion

Lot Info

  • Lot Description: Corner, Slope
  • Lot Dimensions: 132x66
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Rental Info

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electric, Fuel

Tax Info

  • Exemptions: Mortgage
  • Annual Property Tax: 967

Multi Family

  • Gross Monthly Rent: 815
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 2
  • Num Of Efficiencies: 3
  • Num Of Units Rented: 3

MLS Schools

  • High School: Central Noble
  • Middle School: Central Noble
  • School District: Central Noble Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2019
Sold by
Edsall Buddy F
Bought by
Middleton Judy K
Current Estimated Value
$204,271

Purchase Details

Listed on
Mar 25, 2015
Closed on
May 15, 2015
Sold by
Larry Gene Jones
Bought by
Bud F Edsall
Seller's Agent
Trey Forbes
Weichert Realtors - Hoosier Heartland
Buyer's Agent
Tina Craft
Hosler Realty Inc - Kendallville
List Price
$88,900
Sold Price
$84,000
Premium/Discount to List
-$4,900
-5.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.64%
Source: Public Records

Range of Values:

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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
Middleton Judy K -- Attorney Only
Bud F Edsall $84,000 Trademark Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2015 05/15/15 Sold $84,000 -5.5% $30 / Sq Ft
04/26/2015 04/26/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $88,900 -- $32 / 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 $3,072 $153,600 $22,600 $131,000
2023 $3,072 $149,400 $21,800 $127,600
2022 $2,809 $140,400 $14,500 $125,900
2021 $2,542 $127,000 $14,500 $112,500
2020 $2,354 $116,300 $13,100 $103,200
2019 $1,900 $93,600 $11,600 $82,000
2018 $1,831 $90,100 $11,600 $78,500
2017 $1,814 $89,200 $11,600 $77,600
2016 $1,695 $83,300 $11,600 $71,700
2014 $942 $95,100 $11,600 $83,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201511518

Indiana Regional MLS

APN: 571324100038000002