NOT LISTED FOR SALE

259 E Franklin St Spencer, IN 47460

Estimated Value: $54,000 - $370,000

3 Beds
2 Baths
1,360 Sq Ft
$132/Sq Ft Est. Value

Last Sold October 12, 2015

Last sale price $55,000 $40 Per Sq Ft

Est. 227% increase in value since last sale

Current estimated payment $1,171/month

36 Days on Market

Highlights

  • Detached Second Garage
  • 4 Car Detached Garage
  • 1-Story Property
  • Wood Flooring
  • Level Lot
  • 3-minute walk to McCormick's Creek State Park

About This Home

As of October 2015

This is a well build house. Hardwood floors throughout. It has always been rented. It also has a garage and workshop in the back. Renters don't have access to it. New sewage line installed last year. Roof is in excellent condition.

Last Agent to Sell the Property

Brad Holmes

Valley Properties Listed on: 07/27/2015

Last Buyer's Agent

Brad Holmes

Valley Properties Listed on: 07/27/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 48x136
  • Level Lot

Home Design

  • Duplex
  • Asphalt Roof

Interior Spaces

  • 1,360 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 4 Car Detached Garage
  • Detached Second Garage
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Spencer Elementary School
  • Owen Valley Middle School
  • Owen Valley High School

Utilities

  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for lawn maintenance, sewer, trash collection, water
  • Assessor Parcel Number 60-10-21-300-400.220-028

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $812
  • Maintenance Expense $600
  • Trash Expense $206
  • Water Sewer Expense $1,064

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1961
  • Age: 54
  • Style: One Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Spencer W PT 56' Lot 21;Spencer W PT 56' lot 22 |
  • Parcel Number ID: 60-10-21-300-400.220-028
  • Platted: Yes
  • Amenities: Off Street Parking
  • Cross Street: Harrison
  • Inside City Limits: Yes
  • Sp Lp Percent: 93.22
  • Monthly Gross Income: 800
  • Year Taxes Payable: 2016
  • Special Features: None

Interior Features

  • Total Sq Ft: 1360
  • Total Finished Sq Ft: 1360
  • Above Grade Finished Sq Ft: 1360
  • Price Per Sq Ft: 40.44
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Vinyl Tile, Wood
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt
  • Stories: 1
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 440

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 4
  • Parking: Private, Street

Utilities

  • Heating Fuel: Wall Heater
  • Sewer: City, Public
  • Water Utilities: City, Public
  • Electric Company: Duke Energy Indiana
  • Annual Insurance Expense: 812
  • Annual Maintenance Expense: 600
  • Annual Trash Expense: 206
  • Annual Water Sewer Expense: 1064

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Spencer-Owen Community Schools
  • Elementary School: Spencer
  • Middle School: Owen Valley
  • High School: Owen Valley
  • Elementary School: Spencer

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 48x136
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 800
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1688

MLS Schools

  • High School: Owen Valley
  • Middle School: Owen Valley
  • School District: Spencer-Owen Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2020
Sold by
Home Financiloa Bancorp
Bought by
Our Community Bank
Total Days on Market
36
Current Estimated Value
$179,967

Purchase Details

Listed on
Jul 27, 2015
Closed on
Oct 12, 2015
Sold by
Holmes Homes Llc
Bought by
Ran Tru Llc
Seller's Agent
Brad Holmes
Valley Properties
Buyer's Agent
Brad Holmes
Valley Properties
List Price
$60,000
Sold Price
$55,000
Premium/Discount to List
-$5,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.40%
Original Mortgage
$44,000
Interest Rate
4.87%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Our Community Bank -- None Available
Ran Tru Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ran Tru Llc $44,000
Previous Owner Holmes Homes Llc $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2015 10/12/15 Sold $55,000 -8.3% $40 / Sq Ft
09/01/2015 09/01/15 Pending -- -- --
07/27/2015 07/27/15 For Sale $60,000 -- $44 / 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 $2,590 $129,500 $12,400 $117,100
2023 $2,380 $119,000 $12,400 $106,600
2022 $1,942 $97,100 $12,400 $84,700
2021 $1,998 $99,900 $12,400 $87,500
2020 $1,880 $94,000 $12,400 $81,600
2019 $1,742 $87,100 $12,400 $74,700
2018 $1,670 $83,500 $12,400 $71,100
2017 $1,728 $86,400 $16,000 $70,400
2016 $1,728 $86,400 $16,000 $70,400
2014 $1,688 $84,400 $16,000 $68,400
2013 -- $83,800 $16,000 $67,800
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Brad Holmes

    Valley Properties

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201535493

Indiana Regional MLS

APN: 60-10-21-300-400.220-028

Indiana Owen County Spencer 47460

259 E Franklin St, Spencer, IN

This home is located at 259 E Franklin St, Spencer, IN 47460 since 27 July 2015 and is currently estimated at $179,967, approximately $132 per square foot. This property was built in 1961. 259 E Franklin St is a home located in Owen County with nearby schools including Owen Valley Community High School and La Campagne Christian Prep 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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