NOT LISTED FOR SALE

252 N Elm St Nappanee, IN 46550

Estimated Value: $187,000 - $229,000

7 Beds
3.5 Baths
3,090 Sq Ft
$68/Sq Ft Est. Value

Last Sold March 31, 2015

Last sale price $80,000 $26 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $1,393/month

Highlights

  • Shed
  • Forced Air Heating and Cooling System
  • Carpet
  • NorthWood High School Rated A-
  • Level Lot

About This Home

As of March 2015

Investor's dream property. Residential home plus 2 unit detached building. Home is in rough condition (no flooring & full bath is not finished). Cash Only. Pending at print

Last Agent to Sell the Property

Mary Dale

Coldwell Banker Real Estate Group Listed on: 03/01/2015

Coldwell Banker Real Estate Group

Last Buyer's Agent

Mary Dale

Coldwell Banker Real Estate Group Listed on: 03/01/2015

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,793 Sq Ft Lot
  • Level Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Basement
  • Michigan Basement
  • Laundry in Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Shed

Schools

  • Nappanee Elementary School
  • Northwood Middle School
  • Northwood High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for building insurance, cooling, deposit value, electric, heating, snow removal, trash collection, water
  • The owner pays for tax
  • Assessor Parcel Number 20-14-31-157-008.000-029

Community Details

Overview

  • 2 Buildings
  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $2,000
  • Water Sewer Expense $46

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1900
  • Age: 115
  • Style: One and Half Story
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: HARTMANS 1ST 44X88FT SE COR; LOT 28 | HARTMANS 1ST 44X44FT SW COR; LOT 28
  • Parcel Number ID: 20-14-31-157-008.000-029
  • Platted: Yes
  • Amenities: Off Street Parking
  • Inside City Limits: Yes
  • Parcel Id2: 201431157009000029
  • Sp Lp Percent: 80
  • Monthly Gross Income: 1650
  • Year Taxes Payable: 2013 pay 14
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 3714
  • Total Finished Sq Ft: 3090
  • Above Grade Finished Sq Ft: 3090
  • Below Grade Sq Ft: 624
  • Price Per Sq Ft: 25.89
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Flooring: Carpet, Mixed, Unfinished, Vinyl
  • Total Below Grade Sq Ft: 624
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum, Vinyl
  • Stories: 2
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 80

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 2000
  • Annual Water Sewer Expense: 45.6
  • Number Of W D Hookups: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Wa-Nee Community Schools
  • Elementary School: Nappanee
  • Middle School: Northwood
  • High School: NorthWood
  • Elementary School: Nappanee

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 44x88,44x44
  • Estimated Lot Sq Ft: 5793
  • Estimated Lot Size Acres: 0.133

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Tax
  • Tenant Pays: Building Insurance, Cooling, Deposit Value, Electric, Heating, Snow Removal, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1650
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of2 Bedrooms: 2
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2741

MLS Schools

  • High School: NorthWood
  • Middle School: Northwood
  • School District: Wa-Nee Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2015
Closed on
Mar 31, 2015
Sold by
Schwartz Troy M and Schwartz Tiffiny D
Bought by
C & M Realty Llc
Seller's Agent
Mary Dale
Coldwell Banker Real Estate Group
Buyer's Agent
Mary Dale
Coldwell Banker Real Estate Group
List Price
$100,000
Sold Price
$80,000
Premium/Discount to List
-$20,000
-20%
Current Estimated Value
$209,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,509
Avg. Annual Appreciation
9.54%
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
C & M Realty Llc -- Metropolitan Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2015 03/31/15 Sold $80,000 -20.0% $26 / Sq Ft
03/01/2015 03/01/15 Pending -- -- --
03/01/2015 03/01/15 For Sale $100,000 -- $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 $3,427 $180,600 $4,900 $175,700
2022 $3,427 $159,800 $4,900 $154,900
2021 $2,618 $126,300 $4,900 $121,400
2020 $2,462 $118,500 $4,900 $113,600
2019 $2,155 $103,600 $4,900 $98,700
2018 $1,996 $95,700 $5,000 $90,700
2017 $1,834 $91,700 $5,000 $86,700
2016 $1,834 $91,700 $5,000 $86,700
2014 $1,650 $82,500 $5,000 $77,500
2013 -- $82,500 $5,000 $77,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201507932

Indiana Regional MLS

APN: 20-14-31-157-008.000-029