NOT LISTED FOR SALE

228 E 12th St Anderson, IN 46016

Estimated Value: $116,000 - $194,000

-- Bed
4 Baths
1,956 Sq Ft
$79/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $75,000 $38 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $1,017/month

25 Days on Market

About This Home

As of February 2020

This is a large 3 story building that was once a funeral home. Most recently it was used as housing for University students. The building has so much potential and lots of possibilities! there is potential for many more units. There are many large areas to be modified or utilized.

Last Agent to Sell the Property

Jeff Weightman

Weightman Realty Group, LLC License #RB14041279 Listed on: 01/18/2020

Last Buyer's Agent

Jeff Weightman

Weightman Realty Group, LLC License #RB14041279 Listed on: 01/18/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.36

Home Design

  • Traditional Architecture
  • Vinyl Siding

Additional Features

  • 3-Story Property
  • 0.36 Acre Lot

Community Details

  • Fletcher & Williams Subdivision

Listing and Financial Details

  • Tenant pays for notapplic
  • The owner pays for notapplic
  • Assessor Parcel Number 481113101183000003

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: 5+Units Commercial
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1900
  • Lot Size Acres: 0.358
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: FreeStand
  • Subdivision Name: FLETCHER & WILLIAMS
  • Inspection Warranties: Not Applicable
  • Property Description: This is a large 3 story building that was once a funeral home. Most recently it was used as housing for University students. The building has so much potential and lots of possibilities! there is potential for many more units. There are many large areas to be modified or utilized.
  • Transaction Type: Sale
  • Unit Count: 1
  • Conversion: 1
  • Special Features: None

Interior Features

  • Levels: Three Or More
  • Owner Pays: NotApplic
  • Possible Use: CommMulTen
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections Some

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Corporate Owned
  • List Price: 99900
  • Road Access: CityStreet

Garage/Parking

  • Unit Parking: Paved Area

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 0

Lot Info

  • Current Use: Vacant
  • Parcel Number: 481113101183000003
  • Zoning: Commercial Multi family
  • Acres: 1/4-1/2 Acre
  • Lot Information: Corner
  • Lot Number: 46,53
  • Lot Size: 15,594

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: NotApplic

Multi Family

  • Number Of Units Total: 9

Tax Info

  • Tax Annual Amount: 3826
  • Semi Annual Property Tax Amt: 1913
  • Tax Exemption: None

MLS Schools

  • School District: Anderson Community
  • Schools: Anderson High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2020
Closed on
Feb 27, 2020
Sold by
Clearleaf Short Alternative Fund Lp
Bought by
Ibyh Llc
Seller's Agent
Jeff Weightman
Weightman Realty Group, LLC
Buyer's Agent
Jeff Weightman
Weightman Realty Group, LLC
List Price
$99,900
Sold Price
$75,000
Premium/Discount to List
-$24,900
-24.92%
Current Estimated Value
$155,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,104
Avg. Annual Appreciation
14.49%

Purchase Details

Closed on
Jan 2, 2019
Sold by
Madison County Auditor
Bought by
Fu Clearleaf Short Alternative

Purchase Details

Closed on
Apr 5, 2012
Sold by
Christian Center Rescue Ministries Inc
Bought by
Ravens Nest Llc

Purchase Details

Closed on
Sep 18, 2006
Sold by
Christian Center Rescue Ministries Inc
Bought by
Christian Center Rescue Ministries Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.58%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ibyh Llc -- None Available
Fu Clearleaf Short Alternative $54,000 None Available
Ravens Nest Llc -- None Available
Christian Center Rescue Ministries Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Christian Center Rescur Ministries Inc $459,950
Previous Owner Christian Center Rescue Ministries Inc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $75,000 -24.9% $38 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
01/18/2020 01/18/20 For Sale $99,900 -- $51 / 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 $1,931 $86,900 $18,800 $68,100
2023 $1,792 $172,900 $16,700 $156,200
2022 $1,754 $78,400 $16,700 $61,700
2021 $1,690 $75,100 $16,700 $58,400
2020 $1,694 $153,000 $12,900 $140,100
2019 $3,460 $153,000 $13,200 $139,800
2018 $3,827 $165,800 $16,700 $149,100
2017 $3,282 $164,100 $16,700 $147,400
2016 $15,253 $199,900 $16,700 $183,200
2014 $5,688 $189,600 $6,000 $183,600
2013 $5,688 $256,700 $6,000 $250,700
Source: Public Records

Agents Affiliated with this Home

  • Jeff Weightman

    Seller's Agent in 2020

    Jeff Weightman

    Weightman Realty Group, LLC

    (317) 258-4714

    160 in this area

    295 Total Sales

    Jeff Weightman
    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21690023

MIBOR Broker Listing Cooperative®

APN: 48-11-13-101-183.000-003

Indiana Madison County Anderson 46016

228 E 12th St, Anderson, IN

This home is located at 228 E 12th St, Anderson, IN 46016 since 18 January 2020 and is currently estimated at $155,104, approximately $79 per square foot. This property was built in 1900. 228 E 12th St is a home located in Madison County with nearby schools including Tenth Street Elementary School, Highland Junior High School, and Anderson 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.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Nearby Homes