$100,000
SOLD JUN 2, 2025

225 E Short St Winchester, IN 47394

4 Beds
4 Baths
2,700 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$37 Per Sq Ft

20% Below List Price

251 Days on Market

Highlights

  • Corner Lot
  • 1 Car Attached Garage
  • Carpet

About This Home

As of June 2025

Wanting to expand your rental portfolio with a high-cash flowing asset? This property features 4, 1 bedroom apartments with overall rents totaling near $2500/month! Utilities are ratio-billed back to the tenants. All units are currently rented! 48 hour notice is a must for all showings!

Last Agent to Sell the Property

Curtis Cunningham

Wagner Auctioneering and Real Estate Brokerage Email: wagnerauctioneering@yahoo.com Listed on: 08/01/2024

Last Buyer's Agent

Curtis Cunningham

Wagner Auctioneering and Real Estate Brokerage Email: wagnerauctioneering@yahoo.com Listed on: 08/01/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,604

Year Built

  • Built in 1885

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 70x114
  • Corner Lot
  • Level Lot

Home Design

  • Quadruplex
  • Vinyl Construction Material

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Block Basement Construction

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Schools

  • Willard Elementary School
  • Driver Middle School
  • Winchester High School

Utilities

  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable, electric
  • The owner pays for building insurance, lawn maintenance, maintenance
  • Assessor Parcel Number 68-09-20-109-109.000-021

Community Details

Pet Policy

  • Pets Allowed with Restrictions

Additional Features

  • 4 Units
  • Insurance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,604

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1885
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: Mumma Add Lot 212 Blk 12 Mumma Add, 10' E Side, Lot 213 Blk 12
  • Parcel Number ID: 68-09-20-109-109.000-021
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Water Heater Electric
  • Special Features: None

Interior Features

  • Total Sq Ft: 2700
  • Total Finished Sq Ft: 2700
  • Above Grade Finished Sq Ft: 2700
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Laminate
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Electricity
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1200
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Willard

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 70x114
  • Estimated Lot Sq Ft: 7841
  • Estimated Lot Size Acres: 0.18

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance
  • Tenant Pays: Cable, Electric

Tax Info

  • Annual Property Tax: 1604

Multi Family

  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 4

MLS Schools

  • High School: Winchester
  • Middle School: Driver
  • School District: Randolph Central School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2024
Closed on
Jun 3, 2025
Sold by
Andersen Nathan Randall and Andersen Codi Jo
Bought by
Ponder Joshua M
Seller's Agent
Curtis Cunningham
Wagner Auctioneering and Real Estate
Buyer's Agent
Curtis Cunningham
Wagner Auctioneering and Real Estate
List Price
$125,000
Sold Price
$100,000
Premium/Discount to List
-$25,000
-20%
Views
104
Current Estimated Value
$106,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,185
Avg. Annual Appreciation
10.71%
Original Mortgage
$80,000
Outstanding Balance
$79,693
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$26,492

Purchase Details

Closed on
Jun 30, 2019
Sold by
Bennett Jeremy
Bought by
Pitcher And Jackson Llc

Purchase Details

Listed on
Feb 27, 2015
Closed on
Jun 30, 2015
Sold by
Bennett Jeremy
Bought by
Pitcher & Jackson Llc
Seller's Agent
Leander Deguise
Cowen Realty Group
Buyer's Agent
Daniel Norton
CPC Real Estate, LLC
List Price
$49,900
Sold Price
$45,000
Premium/Discount to List
-$4,900
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.49%

Purchase Details

Closed on
Feb 29, 2008
Sold by
Hibbard Willie and Hibbard Imogene
Bought by
Bennett Jeremy

Purchase Details

Closed on
Nov 23, 2004
Sold by
Monument Street Funding Llc
Bought by
Hibbard Willie and Hibbard Imogene
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 -- None Available
Deed $45,000 --
Warranty Deed -- None Available
Warranty Deed -- Investors Titlecorp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $80,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/02/2025 06/02/25 Sold $100,000 -20.0% $37 / Sq Ft
04/09/2025 04/09/25 Pending -- -- --
04/01/2025 04/01/25 For Sale $125,000 0.0% $46 / Sq Ft
03/06/2025 03/06/25 Pending -- -- --
01/07/2025 01/07/25 Price Changed $125,000 -7.4% $46 / Sq Ft
10/03/2024 10/03/24 Price Changed $135,000 -6.9% $50 / Sq Ft
08/20/2024 08/20/24 For Sale $145,000 0.0% $54 / Sq Ft
08/03/2024 08/03/24 Pending -- -- --
08/01/2024 08/01/24 For Sale $145,000 +92.6% $54 / Sq Ft
11/07/2022 11/07/22 Sold $75,300 +3.3% $28 / Sq Ft View Prior Sale
08/30/2022 08/30/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $72,900 +62.0% $27 / Sq Ft
06/30/2015 06/30/15 Sold $45,000 -9.8% $17 / Sq Ft View Prior Sale
05/15/2015 05/15/15 Pending -- -- --
02/27/2015 02/27/15 For Sale $49,900 -- $18 / 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 $1,604 $80,200 $9,100 $71,100
2023 $1,604 $80,200 $9,100 $71,100
2022 $1,240 $62,000 $8,200 $53,800
2021 $1,142 $57,100 $11,700 $45,400
2020 $1,084 $54,200 $11,100 $43,100
2019 $1,649 $53,000 $11,100 $41,900
2018 $1,134 $56,700 $10,100 $46,600
2017 $1,064 $53,200 $8,800 $44,400
2016 $1,034 $51,700 $8,400 $43,300
2014 $1,204 $60,200 $2,800 $57,400
2013 $1,204 $57,700 $2,800 $54,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202428797

Indiana Regional MLS

APN: 68-09-20-109-109.000-021