$162,500
SOLD FEB 26, 2025

218 E 5th St Peru, IN 46970

4 Beds
2 Baths
2,721 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$60 Per Sq Ft

19% Below List Price

175 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Forced Air Heating System
  • Elmwood Primary Learning Center Rated A-
  • Covered Patio or Porch
  • 2-minute walk to Davis Park

About This Home

As of February 2025

Fantastic Investment Opportunity!! Duplex with city approval for a 3rd unit to be added above the garage. First floor unit consists of 2 bedrooms, 1 bath, foyer entry, sunroom, living room, dining room and kitchen, 2nd floor unit has 2 bedrooms, 1 bath, living room, dining room and kitchen. Both units have washer/dryer hookups. Possibility of off street parking behind the house. Garage has new windows, siding, lights, water/sewer hookups and 200 amp breaker service.

Last Agent to Sell the Property

Stacia Bonifant

Creative Realty - Peru Brokerage Phone: 765-473-1153 Listed on: 08/19/2024

Last Buyer's Agent

Alyssa Richey

Miles Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,888

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 44 x 132
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Asphalt Roof
  • Metal Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Walkup Attic
  • Fire and Smoke Detector

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Bathroom
  • Washer Hookup

Partially Finished Basement

  • Block Basement Construction
  • Stone or Rock in Basement

Parking

  • Gravel Driveway
  • On-Street Parking

Schools

  • Elmwood/Blair Pointe Elementary School
  • Peru Middle School
  • Peru High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, fuel, heating, trash collection
  • The owner pays for building insurance, sewer, water
  • Assessor Parcel Number 52-08-27-113-006.000-016
  • Seller Concessions Not Offered

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,322
  • Water Sewer Expense $1,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,888

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 125
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 021-87617-00 Godfroy Ad, Tracy Subd.; 44' E SD; Lot 3 Located 218 E 5th St. 43 176 01700
  • Parcel Number ID: 52-08-27-113-006.000-016
  • Platted: Yes
  • Amenities: Attic-Walk-up, Cable Ready, Detector-Smoke, Porch Covered, Water Heater Gas, Washer Hook-Up
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 92.38
  • Monthly Gross Income: 1495
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 3591
  • Total Finished Sq Ft: 2721
  • Above Grade Finished Sq Ft: 2721
  • Below Grade Sq Ft: 870
  • Price Per Sq Ft: 59.72
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Basement Material: Block, Stone
  • Flooring: Carpet, Laminate, Wood
  • Main Level Sq Ft: 1463
  • Total Below Grade Sq Ft: 870
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Metal, Vinyl
  • Roof Material: Asphalt
  • Stories: 2
  • Outbuilding Sq Ft: 600

Garage/Parking

  • Driveway: Gravel
  • Parking: Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Peru Utilities
  • Gas Company: NIPSCO
  • Water Company: Peru Utilities
  • Cable Company: Comcast/Xfinity
  • Annual Insurance Expense: 1322
  • Annual Water Sewer Expense: 1260
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

  • School District: Peru Community Schools
  • Elementary School: Elmwood/Blair Pointe
  • Middle School: Peru
  • High School: Peru High School
  • Elementary School: Elmwood/Blair Pointe

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 44 x 132
  • Estimated Lot Sq Ft: 5663
  • Estimated Lot Size Acres: 0.13

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Sewer, Water
  • Tenant Pays: Electric, Fuel, Heating, Trash Collection

Multi Family

  • Gross Monthly Rent: 1495
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1888

MLS Schools

  • High School: Peru High School
  • Middle School: Peru
  • School District: Peru Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2024
Closed on
Feb 26, 2025
Sold by
Knuckle Head Investments Llc
Bought by
Tyson Donavynn J
Seller's Agent
Stacia Bonifant
Creative Realty - Peru
Buyer's Agent
Alyssa Richey
Miles Realty Group
List Price
$199,900
Sold Price
$162,500
Premium/Discount to List
-$37,400
-18.71%
Views
58
Current Estimated Value
$151,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,726
Avg. Annual Appreciation
-11.11%
Original Mortgage
$159,556
Outstanding Balance
$158,766
Interest Rate
7.04%
Mortgage Type
FHA
Estimated Equity
-$6,992

Purchase Details

Listed on
Oct 29, 2021
Closed on
Feb 1, 2022
Sold by
Arenson Liropert Holdings Llc
Bought by
Knuckle Head Investments Llc
Seller's Agent
Jim Gilday
eXp Realty, LLC
Buyer's Agent
Stacia Bonifant
Creative Realty - Peru
List Price
$100,000
Sold Price
$87,000
Premium/Discount to List
-$13,000
-13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.33%
Original Mortgage
$65,250
Interest Rate
2.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 7, 2021
Closed on
Dec 20, 2021
Sold by
Scottjames Llc
Bought by
Armson Property Holdings 1 Llc
Seller's Agent
Jim Gilday
eXp Realty, LLC
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$100,000
Sold Price
$87,000
Premium/Discount to List
-$13,000
-13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,250
Interest Rate
2.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2021
Sold by
Scott James Llc
Bought by
Armson Property Holdings 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
3.1%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Listed on
Jun 30, 2017
Closed on
Aug 14, 2017
Sold by
First Bank Of Berne
Bought by
Scottjames Llc
List Price
$22,000
Sold Price
$22,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.00%

Purchase Details

Closed on
Mar 21, 2017
Sold by
Doane Properties Ltd
Bought by
First Berne
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $87,000 Keith Thomas A
Warranty Deed -- Keith Thomas A
Land Contract $350,000 None Available
Warranty Deed $20,958 Wabash Valley Abstract Company
Deed $15,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $159,556 FHA
Previous Owner $65,250 New Conventional
Previous Owner $65,250 New Conventional
Previous Owner $275,000 Land Contract Argmt. Of Sale
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2025 02/26/25 Sold $162,500 -7.6% $60 / Sq Ft
02/10/2025 02/10/25 Pending -- -- --
01/20/2025 01/20/25 Price Changed $175,900 -5.4% $65 / Sq Ft
10/31/2024 10/31/24 Price Changed $185,900 -7.0% $68 / Sq Ft
08/19/2024 08/19/24 For Sale $199,900 +129.8% $73 / Sq Ft
03/07/2022 03/07/22 Sold $87,000 0.0% $32 / Sq Ft
01/04/2022 01/04/22 Sold $87,000 -8.4% $32 / Sq Ft
11/29/2021 11/29/21 Pending -- -- --
11/29/2021 11/29/21 Pending -- -- --
11/02/2021 11/02/21 Price Changed $95,000 -5.0% $35 / Sq Ft
10/29/2021 10/29/21 For Sale $100,000 0.0% $37 / Sq Ft
10/07/2021 10/07/21 For Sale $100,000 +354.5% $37 / Sq Ft
08/30/2017 08/30/17 Sold $22,000 0.0% $8 / Sq Ft
07/28/2017 07/28/17 Pending -- -- --
06/30/2017 06/30/17 For Sale $22,000 -- $8 / 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 $2,096 $104,800 $3,600 $101,200
2023 $2,096 $94,400 $3,600 $90,800
2022 $1,552 $77,600 $3,600 $74,000
2021 $1,300 $65,000 $3,600 $61,400
2020 $1,300 $65,000 $3,600 $61,400
2019 $850 $42,500 $3,600 $38,900
2018 $776 $38,800 $3,600 $35,200
2017 $772 $38,600 $3,600 $35,000
2016 $556 $27,800 $3,600 $24,200
2014 $412 $20,600 $3,600 $17,000
2013 -- $25,100 $3,600 $21,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202431732

Indiana Regional MLS

APN: 52-08-27-113-006.000-016