NOT LISTED FOR SALE

228 N 3rd St Decatur, IN 46733

Estimated Value: $181,000 - $649,094

10 Beds
5 Baths
5,478 Sq Ft
$64/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $89,900 $16 Per Sq Ft

Est. 288% increase in value since last sale

Current estimated payment $2,406/month

3 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • 5 Car Garage
  • Bellmont High School Rated A-
  • Porch
  • Laundry Facilities

About This Home

As of September 2017

5 unit apt complex, each unit has 2 bedrooms, renovated bathroom, over 1000 sq ft per unit, each unit also has a garage. Garage has a unit above it. Great return on your investment. Many updates. Everything on this sheet deemed reliable but not guaranteed.

Last Agent to Sell the Property

Brad Logan

1st Class Hoosier Realty Listed on: 08/22/2017

Co-Listed By

Greg Logan

1st Class Hoosier Realty

Last Buyer's Agent

Kelly Massman

1st Class Hoosier Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66 x 132
  • Level Lot

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Asphalt

Interior Spaces

  • 2-Story Property

Flooring

  • Wood
  • Partially Carpeted
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 5 Car Garage
  • Heated Garage
  • Driveway

Outdoor Features

  • Outbuilding
  • Porch

Location

  • Suburban Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cooling, electric
  • The owner pays for building insurance, heating, lawn maintenance, maintenance, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 01-05-03-201-030.000-022

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • Fuel Expense $4,400
  • Insurance Expense $1,826
  • Trash Expense $600
  • Water Sewer Expense $1,008

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1920
  • Age: 97
  • Style: Two Story
  • Architectural Style: Colonial
  • Bedrooms: 10
  • Number Above Grade Bedrooms: 10
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: 1st Add lot 245 exc s 5' x 26' mid pt
  • Parcel Number ID: 01-05-03-201-030.000-022
  • Platted: Yes
  • Amenities: Basement, Fireplace, Porch Open, Water Heater Gas, Garage-Heated
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Monthly Gross Income: 2500
  • Special Features: None

Interior Features

  • Total Sq Ft: 7662
  • Total Finished Sq Ft: 5478
  • Above Grade Finished Sq Ft: 5478
  • Below Grade Sq Ft: 2184
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Part Carpet, Vinyl Tile, Wood
  • Total Below Grade Sq Ft: 2184
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 5
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Asphalt
  • Roof Material: Shingle
  • Stories: 2
  • Outbuilding: Outbuilding
  • Outbuilding Sq Ft: 893

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 5
  • Parking: Garage

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Gas, Radiator
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Annual Fuel Expense: 4400
  • Annual Insurance Expense: 1826
  • Annual Trash Expense: 600
  • Annual Water Sewer Expense: 1008
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Common Amenities: Laundry Facilities

Schools

  • School District: North Adams Community
  • Elementary School: Northwest
  • Middle School: Bellmont
  • High School: Bellmont

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 66 x 132
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Heating, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Trash Collection, Water
  • Tenant Pays: Cooling, Electric

Multi Family

  • Gross Monthly Rent: 2500
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 4
  • Number Of Units: 5
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 5
  • Num Of Efficiencies: 5

Tax Info

  • Annual Property Tax: 3974

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2017
Closed on
Sep 29, 2017
Sold by
Schnitz Schnitz T and Schnitz Sheila J
Bought by
Radekly Enterprises Llc
Seller's Agent
Brad Logan
1st Class Hoosier Realty
Buyer's Agent
Kelly Massman
1st Class Hoosier Realty
List Price
$89,900
Sold Price
$89,900
Total Days on Market
3
Current Estimated Value
$348,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,624
Avg. Annual Appreciation
17.32%
Original Mortgage
$71,920
Outstanding Balance
$21,281
Interest Rate
3.82%
Mortgage Type
Unknown
Estimated Equity
$286,314
Source: Public Records

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
Radekly Enterprises Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Radekly Enterprises Llc $71,920
Closed Radekly Enterprises Llc $71,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2017 09/29/17 Sold $89,900 0.0% $16 / Sq Ft
08/25/2017 08/25/17 Pending -- -- --
08/22/2017 08/22/17 For Sale $89,900 -- $16 / 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 $5,394 $269,700 $16,700 $253,000
2023 $4,988 $249,400 $16,700 $232,700
2022 $4,616 $230,800 $16,700 $214,100
2021 $4,208 $210,400 $16,000 $194,400
2020 $3,878 $193,900 $16,000 $177,900
2019 $3,682 $184,100 $16,000 $168,100
2018 $3,608 $180,400 $16,000 $164,400
2017 $3,644 $182,200 $15,700 $166,500
2016 $3,974 $198,700 $22,600 $176,100
2014 $3,852 $192,600 $22,600 $170,000
2013 $3,890 $194,500 $22,600 $171,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201739050

Indiana Regional MLS

APN: 01-05-03-201-030.000-022