NOT LISTED FOR SALE

227 S Main St Unit 3 Tipton, IN 46072

Estimated Value: $191,000 - $299,000

6 Beds
3 Baths
3,240 Sq Ft
$73/Sq Ft Est. Value

Last Sold July 26, 2019

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

Est. 137% increase in value since last sale

Current estimated payment $1,499/month

7 Days on Market

Highlights

  • Enclosed patio or porch
  • Laundry in Utility Room
  • Ceramic Tile Flooring
  • 1 Car Attached Garage
  • Shed
  • Baseboard Heating

About This Home

As of July 2019

A great opportunity to purchase a investment property. This 3 unit property has a 1 bdrm apartment, a 2 bedroom apartment, a 3 bedroom apartment and they are all leased and occupied. Also has a garage and storage building that could be potential for more income is used as a rental with the property. Unit 225 is a two bdrm w/laundry in bath room, 227 is a 1 bdrm upstairs apartment no laundry and 229 is a 3 bdrm with laundry room.

Last Listed By

Kim Sottong

RE/MAX Anew Realty Listed on: 06/21/2019

RE/MAX Anew Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,396

Year Built

  • Built in 1880

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 66x198
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Triplex

Interior Spaces

  • 3,240 Sq Ft Home
  • 2-Story Property
  • Basement
  • Basement Cellar
  • Laundry in Utility Room

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Enclosed patio or porch
  • Shed

Schools

  • Tipton Elementary And Middle School
  • Tipton High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 80-11-11-546-077.000-002

Community Details

Overview

  • 3 Buildings
  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $3,786
  • Maintenance Expense $2,000
  • Water Sewer Expense $1,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,396

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1880
  • Age: 139
  • Style: Two Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Original Plat
  • Parcel Number ID: 80-11-11-546-077.000-002
  • Platted: Yes
  • Amenities: Porch Enclosed, Water Heater Electric, Water Heater Gas
  • Sp Lp Percent: 95.33
  • Monthly Gross Income: 2010
  • Year Taxes Payable: 2396
  • Special Features: None

Interior Features

  • Total Sq Ft: 3240
  • Total Finished Sq Ft: 3240
  • Above Grade Finished Sq Ft: 3240
  • Price Per Sq Ft: 30.86
  • Basement: Yes
  • Basement Foundation: Cellar
  • Flooring: Carpet, Ceramic Tile, Vinyl Tile
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Aluminum
  • Stories: 2
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 91

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Window
  • Heating Fuel: Electricity, Gas, Baseboard, Hot Water
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 3786
  • Annual Maintenance Expense: 2000
  • Annual Water Sewer Expense: 1440
  • Number Electric Meters: 3
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Tipton Community School Corp.
  • Elementary School: Tipton
  • Middle School: Tipton
  • High School: Tipton
  • Elementary School: Tipton

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 66x198
  • Estimated Lot Sq Ft: 13068
  • Estimated Lot Size Acres: 0.3

Rental Info

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

Multi Family

  • Gross Monthly Rent: 2010
  • Number Of Dryers: 2
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 2396

MLS Schools

  • High School: Tipton
  • Middle School: Tipton
  • School District: Tipton Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2019
Closed on
Jul 29, 2019
Sold by
Abc Runner Llc
Bought by
Six Timothy J
Seller's Agent
Kim Sottong
RE/MAX Anew Realty
Buyer's Agent
Sami Holmgren
RE/MAX Anew Realty
List Price
$104,900
Sold Price
$100,000
Premium/Discount to List
-$4,900
-4.67%
Total Days on Market
7
Current Estimated Value
$236,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,619
Avg. Annual Appreciation
15.42%

Purchase Details

Closed on
May 22, 2015
Sold by
Carl Gehlhausen
Bought by
Abc Runner Llc

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
Six Timothy J $100,000 --
Abc Runner Llc $110,000 Meridain Title Corp
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2019 07/26/19 Sold $100,000 -4.7% $31 / Sq Ft
06/28/2019 06/28/19 Pending -- -- --
06/21/2019 06/21/19 For Sale $104,900 -- $32 / 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 $2,919 $141,800 $20,200 $121,600
2023 $2,737 $132,700 $20,200 $112,500
2022 $2,495 $120,600 $20,200 $100,400
2021 $2,254 $109,100 $18,300 $90,800
2020 $2,550 $121,400 $18,300 $103,100
2019 $2,500 $118,900 $18,300 $100,600
2018 $2,396 $113,700 $18,300 $95,400
2017 $2,223 $105,100 $16,300 $88,800
2016 $2,155 $101,700 $16,300 $85,400
2014 $2,105 $101,800 $16,300 $85,500
2013 $2,105 $101,900 $16,400 $85,500
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Kim Sottong

    RE/MAX

    (765) 860-5373

    186 Total Sales

    Kim Sottong
    Section Image
  • Sami Holmgren

    Buyer's Agent in 2019

    Sami Holmgren

    RE/MAX

    (765) 437-3787

    100 Total Sales

    Sami Holmgren
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201926343

Indiana Regional MLS

APN: 80-11-11-546-077.000-002

Indiana Tipton County Tipton 46072

227 S Main St Unit 3, Tipton, IN

Homes for Sale in Tipton, IN

This home is located at 227 S Main St Unit 3, Tipton, IN 46072 since 21 June 2019 and is currently estimated at $236,619, approximately $73 per square foot. This property was built in 1880. 227 S Main St Unit 3 is a home located in Tipton County with nearby schools including Tipton Elementary School, Tipton Middle School, and Tipton High School.

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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