NOT LISTED FOR SALE

226 5th St North Vernon, IN 47265

Estimated Value: $121,000 - $222,000

4 Beds
2 Baths
3,228 Sq Ft
$49/Sq Ft Est. Value

Last Sold March 28, 2022

Last sale price $100,000 $31 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $1,077/month

1 Day on Market

About This Home

As of March 2022

Huge building with unlimited potential! This two-story building is zoned residential multifamily with the possibility of one to four units inside. Currently there is a total of 11 rooms, 1 full bath, and 3 half baths. The roof and windows are approximately twelve years old and there is a large concrete parking lot to the left of the building that is included.

Last Agent to Sell the Property

Jarrod Daeger

Coldwell Banker Martin Miller Listed on: 02/21/2022

Coldwell Banker Martin Miller

Last Buyer's Agent

Jarrod Daeger

Coldwell Banker Martin Miller Listed on: 02/21/2022

Coldwell Banker Martin Miller

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,950

Year Built

  • Built in 1878

Lot Details

  • 7,841 Sq Ft Lot

Parking

  • Driveway

Home Design

  • Stone Foundation
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Basement
  • Crawl Space

Community Details

  • Subdivision Not Available See Legal

Listing and Financial Details

  • Tenant pays for notapplic
  • The owner pays for notapplic
  • Assessor Parcel Number 400934240056000004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,950

Year Built

Built in 1878

Lot Details

0

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: Multi-Level
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1878
  • Lot Size Acres: 0.18
  • Road Frontage Type: FrontageRd, City Street
  • Road Surface Type: Asphalt
  • Structure Type: Apartment Building
  • Subdivision Name: SUBDIVISION NOT AVAILABLE See Legal
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 1
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: NotApplic
  • Possible Use: Apt<20
  • Sq Ft Main Upper: 0
  • Gross Area Sq Ft: 3228
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Concrete
  • Foundation Details: Crawl Space, Stone
  • List Price: 129000
  • Road Access: Frontage Road,CityStreet
  • Interstate: Ramp>5mi
  • Roof: Shingle

Garage/Parking

  • Unit Parking: Parking Lot
  • Auto Surface: Concrete

Utilities

  • Solid Waste: 0
  • HVAC: Electric HP & CA

Fee Information

  • Expenses: 0

Lot Info

  • Property Attached Yn: Yes
  • Current Use: Office
  • Parcel Number: 400934240056000004
  • Zoning: Multifamily
  • Acres: <1/4 Acre
  • Lot Information: Access Street,Corner,Street Lights
  • Lot Number: N/A
  • Lot Size: 7,680

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: NotApplic

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Semi Annual Property Tax Amt: 0
  • Tax Exemption: OtherTaxExemption/See Remarks

MLS Schools

  • School District: Jennings County Schools
  • Schools: Jennings County High,Jennings County Middle,North Vernon Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2022
Closed on
Mar 28, 2022
Sold by
Archer Consultation Services Inc
Bought by
Watts Michael
Seller's Agent
Jarrod Daeger
Coldwell Banker Martin Miller
Buyer's Agent
Jarrod Daeger
Coldwell Banker Martin Miller
List Price
$129,000
Sold Price
$100,000
Premium/Discount to List
-$29,000
-22.48%
Current Estimated Value
$157,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,380
Avg. Annual Appreciation
13.88%

Purchase Details

Closed on
Mar 3, 2008
Sold by
Williams John A
Bought by
Archer Consultation Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
May 9, 2005
Sold by
Williams John A
Bought by
Archer Consultation Services Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Watts Michael $100,000 North Vernon Abstract Company
Archer Consultation Services Inc -- None Available
Archer Consultation Services Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Archer Consultation Services Inc $90,000
Previous Owner Williams John A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2022 03/28/22 Sold $100,000 -22.5% $31 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $129,000 -- $40 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $2,950 $147,500 $12,100 $135,400
2023 $2,656 $132,800 $12,100 $120,700
2022 $2,170 $108,500 $12,100 $96,400
2021 $0 $103,000 $12,100 $90,900
2020 $0 $101,800 $12,100 $89,700
2019 $0 $95,600 $12,100 $83,500
2018 $0 $88,600 $12,100 $76,500
2017 $0 $88,200 $12,100 $76,100
2016 -- $88,200 $12,100 $76,100
2014 -- $89,700 $12,100 $77,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21839080

MIBOR Broker Listing Cooperative®

APN: 40-09-34-240-056.000-004