NOT LISTED FOR SALE

217 W 2nd Ave Garrett, IN 46738

Estimated Value: $123,000 - $170,000

4 Beds
3 Baths
2,091 Sq Ft
$69/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $100,000 $48 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,005/month

8 Days on Market

About This Home

As of August 2021

Great investment triplex in downtown Garrett! All 3 units are currently rented! Recent updates to units! Sold as-is. DON'T MISS THIS GREAT OPPORTUNITY!

Last Agent to Sell the Property

Jake Wiederkehr

CENTURY 21 Bradley Realty, Inc Listed on: 07/02/2021

CENTURY 21 Bradley Realty, Inc

Last Buyer's Agent

Bradley Richmond

Coldwell Banker Real Estate Group

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,422

Year Built

  • Built in 1900

Lot Details

  • 6,360 Sq Ft Lot
  • Lot Dimensions are 50x127
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System

Listing and Financial Details

  • Tenant pays for electric, fuel, sewer, trash collection, water
  • The owner pays for electric, fuel, lawn maintenance, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 17-09-04-434-001.000-013

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $3,138
  • Fuel Expense $289
  • Insurance Expense $500
  • Maintenance Expense $900
  • Water Sewer Expense $1,215

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,422

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 121
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: THOMAS' SOUTH ADDITION LOT 1 BLOCK 3
  • Parcel Number ID: 17-09-04-434-001.000-013
  • Platted: Yes
  • Amenities: Off Street Parking
  • Sp Lp Percent: 100.1
  • Monthly Gross Income: 1424
  • Special Features: None

Interior Features

  • Total Sq Ft: 2819
  • Total Finished Sq Ft: 2091
  • Above Grade Finished Sq Ft: 2091
  • Below Grade Sq Ft: 728
  • Price Per Sq Ft: 47.82
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 728
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Utilities

  • Cooling: Window
  • Heating Fuel: Butane
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 3138
  • Annual Fuel Expense: 289
  • Annual Insurance Expense: 500
  • Annual Maintenance Expense: 900
  • Annual Water Sewer Expense: 1215

Schools

  • School District: Garrett Keyser Butler
  • Elementary School: J.E. Ober
  • Middle School: Garrett Middle
  • High School: Garrett High

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50x127
  • Estimated Lot Sq Ft: 6360
  • Estimated Lot Size Acres: 0.146
  • Lot Number: 1

Rental Info

  • Lease Term: 6 Months, 1 Year, 2 Years
  • Owner Pays: Electric, Fuel, Lawn Maintenance, Sewer, Snow Removal, Trash Collection, Water
  • Tenant Pays: Electric, Fuel, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1424
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1422

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2018
Sold by
W B Rentals Llc
Bought by
Mbn Rentals Llc
Current Estimated Value
$146,333

Purchase Details

Closed on
Oct 4, 1996
Sold by
Souder Sheila A +
Bought by
Gerig Michael W
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
Mbn Rentals Llc -- Centurion Land Title Inc
Gerig Michael W $44,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mbn Rentals Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2021 08/13/21 Sold $100,000 +0.1% $48 / Sq Ft
07/10/2021 07/10/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $99,900 +103.9% $48 / Sq Ft
05/06/2016 05/06/16 Sold $49,000 -24.5% $23 / Sq Ft
03/19/2016 03/19/16 Pending -- -- --
06/20/2015 06/20/15 For Sale $64,900 -- $31 / 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 $2,444 $127,700 $23,900 $103,800
2023 $2,462 $123,000 $22,800 $100,200
2022 $2,074 $103,700 $18,900 $84,800
2021 $1,748 $87,400 $17,200 $70,200
2020 $1,433 $71,100 $16,000 $55,100
2019 $1,392 $69,300 $16,000 $53,300
2018 $1,390 $69,200 $16,000 $53,200
2017 $1,407 $69,800 $16,000 $53,800
2016 $1,383 $68,600 $16,000 $52,600
2014 $1,290 $64,500 $16,000 $48,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202126158

Indiana Regional MLS

APN: 17-09-04-434-001.000-013