NOT LISTED FOR SALE

216 S Main St Fairmount, IN 46928

Estimated Value: $234,000 - $261,000

4 Beds
7 Baths
5,078 Sq Ft
$49/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $217,500 $43 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,523/month

212 Days on Market

Highlights

  • Detached Second Garage
  • Backs to Open Ground
  • Fenced Yard
  • Open Floorplan
  • Utility Room in Garage
  • 5 Car Attached Garage

About This Home

As of August 2023

A ONE OF A KIND!!!! Beautifully situated in the heart of Fairmount. This home features four bedrooms and five full baths with a magnificent amount of space perfect for entertaining or investing! It was originally built as a single-family home with multiple living spaces but most have rarely been used. The home is currently recorded as a duplex on the tax roll and has the availability to be a multi-unit property. With close proximity to three college universities, this could be exactly the investment you are looking for! Professional landscaping adorns the entire property. There is a 2 car attached garage, as well as a 1 1/2 car detached garage that includes a shop featuring a compressor & plumbing. The finished lower level features a massive brick fireplace and a chairlift to accommodate disabilities. Located just across the street from the public library! Selling as is.

Last Agent to Sell the Property

Amanda Elaine West

RE/MAX Realty One Listed on: 01/31/2023

RE/MAX Realty One

Last Buyer's Agent

Amanda Elaine West

RE/MAX Realty One Listed on: 01/31/2023

RE/MAX Realty One

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,238

Year Built

  • Built in 1986

Lot Details

  • 8,712 Sq Ft Lot
  • Backs to Open Ground
  • Fenced Yard
  • Aluminum or Metal Fence
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Screen For Fireplace
  • Entrance Foyer
  • Utility Room in Garage
  • Storage In Attic

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • 2 Bathrooms in Basement

Parking

  • 5 Car Attached Garage
  • Detached Second Garage
  • Heated Garage
  • Garage Door Opener
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Covered Deck

Schools

  • Park Elementary School
  • Madison Grant Middle School
  • Madison Grant High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Water Softener is Owned
  • Multiple Phone Lines
  • Cable TV Available

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 27-10-29-302-066.000-004

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,238

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1986
  • Age: 37
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 7
  • Total Full Bathrooms: 5
  • Total Number of Half Bathrooms: 2
  • Legal Description: 24-02-336 Lot 5 Blk 3 Henleys 1st Addn
  • Parcel Number ID: 27-10-29-302-066.000-004
  • Platted: Yes
  • Amenities: Fenced Yard, Attic Storage, Cable Ready, Deck Covered, Deck Open, Fireplace Screen/Door, Foyer Entry, Garage Door Opener, Multiple Phone Lines, Open Floor Plan, Water Heater Electric, Water Softener-Owned, Water Softener-Rented, Garage-Heated, Garage Utilities
  • Sp Lp Percent: 87
  • Year Taxes Payable: 1238
  • Special Features: None

Interior Features

  • Total Sq Ft: 5078
  • Total Finished Sq Ft: 5078
  • Above Grade Finished Sq Ft: 3418
  • Below Grade Finished Sq Ft: 1660
  • Price Per Sq Ft: 63.63
  • Basement: Yes
  • Basement Foundation: Full Basement, Finished
  • Flooring: Carpet, Ceramic Tile, Laminate, Tile
  • Number Below Grade Bathrooms: 2
  • Total Below Grade Sq Ft: 1660
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Shingle
  • Fence: Metal
  • Stories: 2
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 460

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity, Forced Air, Heat Pump
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 2

Schools

  • School District: Madison-Grant United School Corp.
  • Elementary School: Park
  • Middle School: Madison Grant
  • High School: Madison Grant
  • Elementary School: Park

Lot Info

  • Lot Description: Level
  • Lot Dimensions: .20 acre
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Tax Info

  • Total Assessed Value: 2022
  • Annual Property Tax: 1238

Multi Family

  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 5
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1

MLS Schools

  • High School: Madison Grant
  • Middle School: Madison Grant
  • School District: Madison-Grant United School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2023
Closed on
Aug 31, 2023
Sold by
Bishir James Michael
Bought by
Francis William Michael
Seller's Agent
Amanda Elaine West
RE/MAX Realty One
Buyer's Agent
Amanda Elaine West
RE/MAX Realty One
List Price
$299,000
Sold Price
$217,500
Premium/Discount to List
-$81,500
-27.26%
Views
390
Current Estimated Value
$246,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,403
Avg. Annual Appreciation
7.26%

Purchase Details

Closed on
Nov 19, 2021
Sold by
Hasty Bishir D K Est
Bought by
Bishir James M

Purchase Details

Closed on
Nov 18, 2021
Sold by
Hasty Bishir Dorothy K
Bought by
Bishir James Michael
Source: Public Records

Range of Values:

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Average Value
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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
Francis William Michael $217,500 None Listed On Document
Bishir James M -- None Available
Bishir James Michael -- None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $217,500 -13.0% $43 / Sq Ft
07/28/2023 07/28/23 Price Changed $250,000 -13.5% $49 / Sq Ft
04/29/2023 04/29/23 Price Changed $289,000 -3.3% $57 / Sq Ft
01/31/2023 01/31/23 For Sale $299,000 -- $59 / 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 $2,550 $255,000 $10,600 $244,400
2023 $3,112 $252,800 $10,600 $242,200
2022 $2,122 $223,100 $9,400 $213,700
2021 $1,303 $190,200 $9,400 $180,800
2020 $2,238 $187,200 $9,400 $177,800
2019 $2,252 $187,600 $9,400 $178,200
2018 $2,273 $180,600 $8,900 $171,700
2017 $2,136 $175,400 $8,900 $166,500
2016 $2,061 $175,000 $8,900 $166,100
2014 $1,953 $173,400 $8,900 $164,500
2013 $1,953 $166,600 $8,900 $157,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202302698

Indiana Regional MLS

APN: 27-10-29-302-066.000-004