NOT LISTED FOR SALE

216 E Madison St Tipton, IN 46072

Estimated Value: $211,000 - $269,000

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

Sale Details

Date Sold: March 21, 2025

Last sale price $248,898

Est. 5% decrease in value since last sale

Current estimated payment $1,550 / mo

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

Lot Details

  • 4,356

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

4,356 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2025
Closed on
Mar 21, 2025
Sold by
Bought by
Seller's Agent
Rachael Burt
Compass Indiana, LLC
Buyer's Agent
Charise Goodnight
Re/Max Realty One
List Price
$868,000
Sold Price
$248,898
Premium/Discount to List
-$619,102
-71.33%
Views
2
Current Estimated Value
$236,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,430
Avg. Annual Appreciation
-3.84%

Purchase Details

Listed on
Jan 13, 2025
Closed on
Mar 18, 2025
Sold by
Bought by
Seller's Agent
Rachael Burt
Compass Indiana, LLC
Buyer's Agent
Charise Goodnight
Re/Max Realty One
List Price
$868,000
Sold Price
$248,898
Premium/Discount to List
-$619,102
-71.33%
Views
2

Purchase Details

Listed on
Nov 30, 2021
Closed on
Dec 17, 2021
Sold by
Bought by
Seller's Agent
Cheryl Trietsch
CENTURY 21 Scheetz
Buyer's Agent
Cheryl Trietsch
CENTURY 21 Scheetz
List Price
$155,000
Sold Price
$155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.64%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$233,018 Metropolitan Title Of Indiana
$155,000 Metropolitan Title Of Indiana
$155,000 Meridian Title Corp
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,270 $158,500 $12,000 $146,500
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

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