R
Seller's Agent in 2023
Rebecca Cate
Better Homes and Gardens First Realty Group
(765) 960-5697
107 Total Sales
25 S 16th St Richmond, IN 47374
Estimated Value: $71,000 - $105,405
4
Beds
3
Baths
2,240
Sq Ft
$37/Sq Ft
Est. Value
About This Home
As of June 2023Great three unit investment property. Fully rented with great tenants. Good rental history and Income/Return. Two Bedroom Main Level Unit, One Bedroom Upper Level Unit and Studio Upper Level Unit. High ceilings, spacious rooms and big/bright windows throughout. Beautiful wood floors throughout the majority of the building. Covered front porch. Mostly fenced rear yard. Updated throughout: Furnace, Water Heater, Kitchens, Appliances, Bathrooms, etc! Each unit has a separate Electric Meter and all tenants pay for their own Electric. Super convenient location close to main street. New, wide sidewalks along South 16th Street. Covered front porch. Easy street parking in front. Possible garage/storage in rear (needs repair). 3 Month Average: Sewer $135. Water $113. Gas $170 (low in summer, higher in winter, most recent bill $53). Tenants Pay Electric. Text 846212 to 35620 for more information and photos.
Last Agent to Sell the Property
Better Homes and Gardens First Realty Group License #RB14036877 Listed on: 05/08/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,396
Year Built
- Built in 1920
Lot Details
- 6,229
Home Design
- Triplex
- Shingle Roof
- Stick Built Home
Interior Spaces
- 2,240 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Crawl Space
- Electric Range
- Washer and Dryer Hookup
Schools
- Charles Elementary School
- Dennis Middle School
- Richmond High School
Utilities
- Furnace
- Heating System Uses Gas
- Separate Meters
- Gas Available
- Gas Water Heater
Additional Features
- Enclosed Patio or Porch
- 6,229 Sq Ft Lot
- Efficiency Studio Dwelling Unit
Community Details
- 3 Units
Listing and Financial Details
- $2,500 Seller Concession
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 8, 2023
Closed on
May 7, 2023
Sold by
Phillips Ashly C and Phillips Joseph D
Bought by
Carmos Inc
Seller's Agent
Rebecca Cate
Better Homes and Gardens First Realty Group
Buyer's Agent
Tony Foust
Coldwell Banker Lingle
List Price
$79,900
Sold Price
$74,000
Premium/Discount to List
-$5,900
-7.38%
Views
49
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,351
Avg. Annual Appreciation
5.26%
Original Mortgage
$59,200
Outstanding Balance
$52,990
Interest Rate
5.76%
Mortgage Type
New Conventional
Estimated Equity
$30,361
Purchase Details
Listed on
May 28, 2020
Closed on
Jul 31, 2020
Sold by
Reichter Diana L
Bought by
Phillips Ashley C and Phillips Joseph D
Seller's Agent
Tracie Robinson
Better Homes and Gardens First Realty Group
Buyer's Agent
PORTER MILLER
Better Homes and Gardens First Realty Group
List Price
$57,900
Sold Price
$50,000
Premium/Discount to List
-$7,900
-13.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.75%
Original Mortgage
$37,500
Interest Rate
3%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Carmos Inc | -- | None Listed On Document | |
| Phillips Ashley C | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Carmos Inc | $59,200 | |
| Previous Owner | Phillips Ashley C | $37,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2023 06/05/23 | Sold | $74,000 | -7.4% | $33 / Sq Ft |
| 05/13/2023 05/13/23 | Pending | -- | -- | -- |
| 05/08/2023 05/08/23 | For Sale | $79,900 | +59.8% | $36 / Sq Ft |
| 07/31/2020 07/31/20 | Sold | $50,000 | -13.6% | $22 / Sq Ft |
| 06/08/2020 06/08/20 | Pending | -- | -- | -- |
| 05/28/2020 05/28/20 | For Sale | $57,900 | -- | $26 / Sq Ft |
Source: Richmond Association of REALTORS®
Tax History Compared to Growth
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 | $1,396 | $69,800 | $15,900 | $53,900 |
| 2023 | $956 | $47,800 | $13,900 | $33,900 |
| 2022 | $964 | $48,200 | $13,900 | $34,300 |
| 2021 | $904 | $45,200 | $13,900 | $31,300 |
| 2020 | $490 | $44,500 | $13,900 | $30,600 |
| 2019 | $470 | $43,800 | $13,900 | $29,900 |
| 2018 | $769 | $64,400 | $13,900 | $50,500 |
| 2017 | $909 | $69,100 | $13,900 | $55,200 |
| 2016 | $905 | $69,200 | $14,000 | $55,200 |
| 2014 | $866 | $67,500 | $14,000 | $53,500 |
| 2013 | $866 | $65,700 | $14,000 | $51,700 |
Source: Public Records
Agents Affiliated with this Home
-
Rebecca Cate
-
Tony Foust
Buyer's Agent in 2023
Tony Foust
Coldwell Banker Lingle
(765) 967-3051
328 Total Sales
-
Tracie Robinson
Seller's Agent in 2020
Tracie Robinson
Better Homes and Gardens First Realty Group
(765) 969-8317
152 Total Sales
-
P
Buyer's Agent in 2020
PORTER MILLER
Better Homes and Gardens First Realty Group
Map
Source: Richmond Association of REALTORS®
MLS Number: 10046196
APN: 89-18-04-210-430.000-030
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