NOT LISTED FOR SALE

227 S Main St Unit Front and Back Culver, IN 46511

Estimated Value: $344,731 - $410,000

7 Beds
3.5 Baths
3,112 Sq Ft
$118/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $187,000 $60 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $2,434/month

110 Days on Market

Highlights

  • Corner Lot
  • Ceiling Fan
  • Carpet
  • Forced Air Heating and Cooling System

About This Home

As of January 2022

Two unit Rental property with $22,100 annual income ready for your overflow with conversion to vacation rental possibilities. Fully leased month to month one block to downtown Culver. Front house has 4 bedrooms and 2.5 baths with exterior entrance waterproofed basement with front porch and back deck shared with rear unit. Rear house has 2/3 bedrooms with kitchen and lots of storage room.

Last Listed By

Steve Meeker

Meeker Real Estate, INC Listed on: 08/04/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,196

Year Built

  • Built in 1910

Lot Details

  • 4,356 Sq Ft Lot
  • Corner Lot

Home Design

  • Duplex
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Carpet
  • Basement
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 7 Bedrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electric, fuel, water
  • The owner pays for building insurance
  • Assessor Parcel Number 50-21-21-101-003.000-014

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Insurance Expense $650
  • Maintenance Expense $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,196

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1910
  • Age: 112
  • Style: Two Story
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: WISEMAN ADD E 70' S 1/2 LOT 5 AND WISEMAN ADD W 29' S 1/2 LOT 5
  • Parcel Number ID: 50-21-21-101-003.000-014
  • Platted: Yes
  • Amenities: Ceiling Fan
  • Cross Street: Marmont
  • Parcel Id2: 50-21-21-101-002-000-014
  • Sp Lp Percent: 84.62
  • Monthly Gross Income: 1842
  • Special Features: None

Interior Features

  • Total Sq Ft: 4494
  • Total Finished Sq Ft: 3112
  • Above Grade Finished Sq Ft: 3112
  • Above Grade Unfinished Sq Ft: 440
  • Below Grade Sq Ft: 942
  • Price Per Sq Ft: 60.09
  • Basement: Yes
  • Basement Foundation: Outside Entrance Only
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 942
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum, Stone, Vinyl
  • Stories: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 650
  • Annual Maintenance Expense: 500
  • Number Of W D Hookups: 2

Schools

  • School District: Culver Community Schools Corp.
  • Elementary School: Culver
  • Middle School: Culver
  • High School: Culver

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 46 X 70 AND 29 X 47
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Building Insurance
  • Tenant Pays: Electric, Fuel, Water

Tax Info

  • Total Assessed Value: 145200
  • Annual Property Tax: 2195.88

Multi Family

  • Gross Monthly Rent: 1841.67
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Number Of 3 Bedrooms: 1
  • Number Of 4 Bedrooms: 1
  • Num Of Units Rented: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2022
Sold by
Weaver Matthew T and Weaver Donna M
Bought by
Weaver Matthew T and Weaver Donna Marie
Total Days on Market
110
Current Estimated Value
$367,183

Purchase Details

Listed on
Aug 4, 2021
Closed on
Jan 26, 2022
Sold by
Keller Derek J
Bought by
Weaver Matthew T and Weaver Donna Marie
Seller's Agent
Steve Meeker
Meeker Real Estate, INC
Buyer's Agent
Jennifer Luttrell
COLLINS and CO. REALTORS - CULVER
List Price
$224,900
Sold Price
$187,000
Premium/Discount to List
-$37,900
-16.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.96%

Purchase Details

Closed on
Jun 15, 2020
Sold by
Douglas Phillip and Phillip Douglas Declaration Of
Bought by
Ellercatherine Douglas Declaration Derek J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 26, 2015
Sold by
Damore Mark S and Damore Rebecca
Bought by
Phillip Douglas Declaration Of Living Tr

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
Weaver Matthew T -- --
Weaver Matthew T $187,000 None Listed On Document
Ellercatherine Douglas Declaration Derek J -- Metropolitan Title In Llc
Phillip Douglas Declaration Of Living Tr -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weaver Matthew T $336,000
Previous Owner Keller Derek J $70,000
Previous Owner Damore Mark S $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2022 01/28/22 Sold $187,000 -15.4% $60 / Sq Ft
11/22/2021 11/22/21 Pending -- -- --
11/14/2021 11/14/21 Price Changed $221,000 +10.6% $71 / Sq Ft
11/13/2021 11/13/21 Price Changed $199,900 -9.1% $64 / Sq Ft
08/23/2021 08/23/21 Price Changed $219,900 -2.2% $71 / Sq Ft
08/04/2021 08/04/21 For Sale $224,900 -- $72 / 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 $4,776 $344,600 $51,400 $293,200
2022 $4,776 $136,400 $41,800 $94,600
2021 $1,857 $105,000 $29,800 $75,200
2020 $1,913 $103,900 $25,900 $78,000
2019 $1,875 $102,400 $24,900 $77,500
2018 $1,821 $100,400 $24,400 $76,000
2017 $1,529 $95,300 $24,000 $71,300
2016 $1,514 $95,300 $24,000 $71,300
2014 $1,712 $109,100 $14,500 $94,600
Source: Public Records

Agents Affiliated with this Home

  • Steve Meeker

    Seller's Agent in 2022

    Steve Meeker

    Meeker Real Estate, INC

    (219) 796-6924

    388 Total Sales

    Steve Meeker
    Section Image
  • Jennifer Luttrell

    Buyer's Agent in 2022

    Jennifer Luttrell

    COLLINS and CO. REALTORS - CULVER

    (574) 250-3852

    173 Total Sales

    Jennifer Luttrell
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202131633

Indiana Regional MLS

APN: 50-21-21-101-003.000-014

Indiana Marshall County Culver 46511

227 S Main St Unit Front and Back, Culver, IN

Homes for Sale in Culver, IN

This home is located at 227 S Main St Unit Front and Back, Culver, IN 46511 since 04 August 2021 and is currently estimated at $367,183, approximately $117 per square foot. This property was built in 1910. 227 S Main St Unit Front and Back is a home located in Marshall County with nearby schools including Culver Elementary School, Culver Community Middle/High School, and Culver Academies.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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