$248,898
SOLD MAR 21, 2025

216 E Madison St Tipton, IN 46072

3 Beds
3 Baths
-- Sq Ft
4,356 Sq Ft Lot

Recently Sold

71% Below List Price

3 Days on Market

About This Home

As of March 2025

Perfect addition to your investment portfolio! This 2-story fourplex property is conveniently located in the heart of Tipton and a part of a package that includes 5 multi-family Tipton properties. Package includes this property plus 429 North East Street (22003650), 443 N East St (22016095), 606 East Jefferson (22016101) and 627 N Main St (22016103). All 16 units are currently leased, providing immediate income. Whether you're a seasoned investor or just getting started, don't miss this package opportunity to earn rental income and grow your equity on this as-is sale! List price reflects the 5 property package.

Last Agent to Sell the Property

Rachael Burt

Compass Indiana, LLC Brokerage Email: rburt@talktotucker.com License #RB15001149 Listed on: 01/13/2025

Compass Indiana, LLC

Co-Listed By

Ellen Orzeske

Compass Indiana, LLC Brokerage Email: rburt@talktotucker.com License #RB17000778

Last Buyer's Agent

Charise Goodnight

Re/Max Realty One

Re/Max Realty One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,050

Year Built

  • Built in 1910

Home Design

  • Quadruplex
  • Traditional Architecture

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • 2-Story Property
  • 4,356 Sq Ft Lot
  • Basement

Listing and Financial Details

  • The owner pays for all utilities, taxes
  • Tax Lot 11
  • Assessor Parcel Number 801111546053000002
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,050

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Fourplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1910
  • Co List Office Phone: 317-259-6000
  • Lot Size Acres: 0.1
  • Structure Type: Quadruplex
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: Yes
  • MBR_AttributionContact: rburt@talktotucker.com
  • Multi Rooms: 10
  • Attribution Contact: rburt@talktotucker.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Owner Pays: All Utilities, Taxes
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Other
  • Road Access: Frontage Road

Garage/Parking

  • Unit Parking: Other

Utilities

  • Laundry Features: Other
  • Solid Waste: Yes

Lot Info

  • Lot Features: Other
  • Current Use: Residential
  • Lot Size Sq Ft: 4356
  • Parcel Number: 801111546053000002
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Multi Family

  • Net Operating Income: 11323

Tax Info

  • Tax Annual Amount: 2050
  • Tax Lot: 11
  • Semi Annual Property Tax Amt: 1025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2021
Closed on
Dec 17, 2021
Sold by
Campbell Paula L
Bought by
Conrad Developments
Seller's Agent
Cheryl Trietsch
CENTURY 21 Scheetz
Buyer's Agent
Cheryl Trietsch
CENTURY 21 Scheetz
List Price
$155,000
Sold Price
$155,000
Current Estimated Value
$253,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,621
Avg. Annual Appreciation
12.93%
Source: Public Records
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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
Deed $155,000 Meridian Title Corp
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/21/2025 03/21/25 Sold $248,898 -71.3% --
01/16/2025 01/16/25 Pending -- -- --
01/13/2025 01/13/25 For Sale $868,000 +460.0% --
12/17/2021 12/17/21 Sold $155,000 0.0% -- View Prior Sale
12/02/2021 12/02/21 Pending -- -- --
11/30/2021 11/30/21 For Sale $155,000 -- --
Source: MIBOR Broker Listing Cooperative®

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 $2,944 $147,200 $12,000 $135,200
2023 $2,050 $102,500 $12,000 $90,500
2022 $1,840 $92,000 $12,000 $80,000
2021 $1,678 $83,900 $10,900 $73,000
2020 $1,658 $77,900 $10,900 $67,000
2019 $1,622 $76,100 $10,900 $65,200
2018 $1,550 $72,500 $10,900 $61,600
2017 $1,422 $66,100 $9,400 $56,700
2016 $1,376 $63,800 $9,400 $54,400
2014 $1,306 $65,300 $9,400 $55,900
2013 $1,306 $65,300 $9,400 $55,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22016093

MIBOR Broker Listing Cooperative®

APN: 80-11-11-546-053.000-002