NOT LISTED FOR SALE

212 W Spring St Middlebury, IN 46540

Estimated Value: $130,000 - $169,000

3 Beds
1 Bath
1,470 Sq Ft
$106/Sq Ft Est. Value

Last Sold August 31, 2022

Last sale price $129,900 $88 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,064/month

2 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Forced Air Heating System
  • Middlebury Elementary School Rated A-

About This Home

As of August 2022

ATTENTION INVESTORS! Wonderful investment opportunity right in the heart of downtown Middlebury on the Pumpkinvine trail! Home is priced well below market value, seller must be able to rent back for 12 months at $600/month, they will pay utilities. 3 bedroom, 1 bath with a flex space for an office or possible 4th bedroom. Open concept kitchen, dining, and living. Great size yard. Would make great Airbnb, rental, or owner occupied home.

Last Listed By

Rosalie Chevalier

RE/MAX Results-Goshen Listed on: 08/15/2022

RE/MAX Results-Goshen

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $897

Year Built

  • Built in 1900

Lot Details

  • 8,712

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Unfinished Basement
  • Exterior Basement Entry
  • Eat-In Kitchen

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Gravel Driveway

Schools

  • Middlebury Elementary School
  • Heritage Middle School
  • Northridge High School

Utilities

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

Additional Features

  • 8,712 Sq Ft Lot
  • Suburban Location

Community Details

  • Electric Expense $1,200
  • Fuel Expense $1,200
  • Insurance Expense $1,500
  • Water Sewer Expense $2,000

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating, lawn maintenance, sewer, snow removal, trash collection, water
  • The owner pays for building insurance, maintenance
  • Assessor Parcel Number 20-08-10-376-013.000-035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$897

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1900
  • Age: 122
  • Style: One and Half Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 60x150FT IN SE SW SEC 10 .20A
  • Parcel Number ID: 20-08-10-376-013.000-035
  • Platted: Yes
  • Amenities: Near Walking Trail, Eat-In Kitchen
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Monthly Gross Income: 600
  • Year Taxes Payable: 2022
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1854
  • Total Finished Sq Ft: 1470
  • Above Grade Finished Sq Ft: 1470
  • Below Grade Sq Ft: 384
  • Price Per Sq Ft: 88.37
  • Basement: Yes
  • Basement Foundation: Outside Entrance Only, Unfinished
  • Flooring: Laminate, Wood
  • Total Below Grade Sq Ft: 384
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 1.5

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 1

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1200
  • Annual Fuel Expense: 1200
  • Annual Insurance Expense: 1500
  • Annual Water Sewer Expense: 2000
  • Number Of W D Hookups: 1

Schools

  • School District: Middlebury Community Schools
  • Elementary School: Middlebury
  • Middle School: Heritage
  • High School: Northridge
  • Elementary School: Middlebury

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: .2 acres
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance
  • Tenant Pays: Cable, Cooling, Electric, Heating, Lawn Maintenance, Sewer, Snow Removal, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 600
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of Washers: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 897.32

MLS Schools

  • High School: Northridge
  • Middle School: Heritage
  • School District: Middlebury Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2022
Closed on
Sep 6, 2022
Sold by
Kimberly Noble
Bought by
Lambright Marlin R
Seller's Agent
Rosalie Chevalier
RE/MAX Results-Goshen
Buyer's Agent
Kent Miller
Century 21 Circle
List Price
$129,900
Sold Price
$129,900
Total Days on Market
2
Views
22
Current Estimated Value
$155,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,326
Avg. Annual Appreciation
10.35%

Purchase Details

Closed on
Dec 17, 2021
Sold by
Noble Michael
Bought by
Noble Kimberly

Purchase Details

Closed on
Apr 20, 2006
Sold by
Noble Michael
Bought by
Noble Michael and Noble Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,900
Interest Rate
6.42%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 23, 2006
Sold by
Freedom Mortgage Corp
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 6, 2005
Sold by
Gray Patrick L and Gray Penny A
Bought by
Freedom Mortgage Corp

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 Buyer Sale Price Title Company
Lambright Marlin R -- Near North Title Group
Noble Kimberly -- None Available
Noble Michael -- Meridian Title Corp
Noble Michael -- Meridian Title Corp
Federal National Mortgage Association -- None Available
Freedom Mortgage Corp $75,041 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Noble Michael $77,838
Previous Owner Noble Michael $77,838
Previous Owner Noble Michael $78,000
Previous Owner Noble Michael $64,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2022 08/31/22 Sold $129,900 0.0% $88 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
08/15/2022 08/15/22 For Sale $129,900 -- $88 / 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 $2,447 $126,300 $11,800 $114,500
2022 $2,420 $108,200 $11,800 $96,400
2021 $897 $100,000 $11,800 $88,200
2020 $627 $84,800 $11,800 $73,000
2019 $587 $83,300 $11,800 $71,500
2018 $411 $73,100 $11,800 $61,300
2017 $420 $72,200 $11,800 $60,400
2016 $405 $70,100 $11,800 $58,300
2014 $400 $67,100 $11,800 $55,300
2013 $433 $67,100 $11,800 $55,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202233916

Indiana Regional MLS

APN: 20-08-10-376-013.000-035