NOT LISTED FOR SALE

228 W Main St Peru, IN 46970

Estimated Value: $133,139 - $237,000

8 Beds
4 Baths
5,724 Sq Ft
$29/Sq Ft Est. Value

Last Sold February 12, 2015

Last sale price $60,000 $10 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $1,189/month

184 Days on Market

Highlights

  • Porch
  • Hot Water Heating System
  • Carpet
  • Elmwood Primary Learning Center Rated A-
  • Level Lot
  • 5-minute walk to River Walkway Park

About This Home

As of February 2015

ALL Brick Apartment Building on Main Street with off street parking and garage space. Each of the 4 units are 2 bedrooms with spacious living areas. All of the apartments are currently rented with most of the tenants being long term tenants. Great investment property.

Last Agent to Sell the Property

John Oldfather

Carriger Oldfather Realty, Inc Listed on: 08/12/2014

Last Buyer's Agent

John Oldfather

Carriger Oldfather Realty, Inc Listed on: 08/12/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 71 x 132
  • Level Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 8 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Porch

Schools

  • South Peru Elementary School
  • Peru Middle School
  • Peru High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, heating, tax, water
  • Assessor Parcel Number 52-08-28-419-141.000-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1910
  • Age: 105
  • Style: Two Story
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: 021-74839-00 SHIRKS ADD; LOT 78; 43 048 39000 |
  • Parcel Number ID: 52-08-28-419-141.000-016
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Porch Open, Water Heater Electric
  • Sp Lp Percent: 85.84
  • Monthly Gross Income: 1625
  • Year Taxes Payable: 2014
  • Special Features: None

Interior Features

  • Total Sq Ft: 6440
  • Total Finished Sq Ft: 5724
  • Above Grade Finished Sq Ft: 5724
  • Below Grade Sq Ft: 716
  • Price Per Sq Ft: 10.48
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 716
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Heating Fuel: Gas, Hot Water
  • Sewer: City
  • Water Utilities: City

Schools

  • School District: Peru Community Schools
  • Elementary School: South Peru
  • Middle School: Peru
  • High School: Peru High School
  • Elementary School: South Peru

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 71 X 132
  • Estimated Lot Sq Ft: 9583
  • Estimated Lot Size Acres: 0.22

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Heating, Tax, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 1625
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of2 Bedrooms: 4
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 2048

MLS Schools

  • High School: Peru High School
  • Middle School: Peru
  • School District: Peru Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2014
Closed on
Feb 12, 2015
Sold by
Vohue Liche Kennels Llc
Bought by
Butts Jeffery
Seller's Agent
John Oldfather
Carriger Oldfather Realty, Inc
Buyer's Agent
John Oldfather
Carriger Oldfather Realty, Inc
List Price
$99,900
Sold Price
$60,000
Premium/Discount to List
-$39,900
-39.94%
Current Estimated Value
$168,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,035
Avg. Annual Appreciation
10.12%
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
Butts Jeffery -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2015 02/12/15 Sold $60,000 -39.9% $10 / Sq Ft
02/12/2015 02/12/15 Pending -- -- --
08/12/2014 08/12/14 For Sale $99,900 -- $17 / 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 $3,560 $178,000 $8,700 $169,300
2023 $3,560 $158,300 $8,700 $149,600
2022 $2,418 $120,900 $8,700 $112,200
2021 $2,220 $111,000 $8,700 $102,300
2020 $2,220 $111,000 $8,700 $102,300
2019 $2,228 $111,400 $8,700 $102,700
2018 $1,936 $96,800 $8,700 $88,100
2017 $1,916 $95,800 $8,700 $87,100
2016 $1,916 $95,800 $8,700 $87,100
2014 $2,070 $103,500 $8,700 $94,800
2013 -- $102,400 $8,700 $93,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    John Oldfather

    Carriger Oldfather Realty, Inc

    (765) 461-6333

    16 Total Sales

    John Oldfather
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Map

Source: Indiana Regional MLS

MLS Number: 201435321

Indiana Regional MLS

APN: 52-08-28-419-141.000-016

Indiana Miami County Peru 46970

228 W Main St, Peru, IN

This home is located at 228 W Main St, Peru, IN 46970 since 12 August 2014 and is currently estimated at $168,035, approximately $29 per square foot. This property was built in 1910. 228 W Main St is a home located in Miami County with nearby schools including Elmwood Primary Learning Center, Blair Pointe Upper Elementary School, and Peru Junior 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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