NOT LISTED FOR SALE

275 E Market St Spencer, IN 47460

Estimated Value: $171,000 - $294,000

4 Beds
3 Baths
3,553 Sq Ft
$63/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $150,000 $42 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,552/month

62 Days on Market

Highlights

  • Corner Lot
  • Carpet
  • 5-minute walk to McCormick's Creek State Park
  • Forced Air Heating and Cooling System

About This Home

As of June 2022

This home is located at 275 E Market St, Spencer, IN 47460 since 08 April 2022 and is currently estimated at $224,326, approximately $63 per square foot. This property was built in 1920. 275 E Market St is a home located in Owen County with nearby schools including Owen Valley Community High School and La Campagne Christian Prep School.

Last Agent to Sell the Property

Crystal Russell

Century 21 Scheetz - Bloomington Listed on: 04/08/2022

Century 21 Scheetz - Bloomington

Last Buyer's Agent

Crystal Russell

Century 21 Scheetz - Bloomington Listed on: 04/08/2022

Century 21 Scheetz - Bloomington

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,508

Year Built

  • Built in 1920

Lot Details

  • 0.5 Acre Lot
  • Corner Lot

Home Design

  • Triplex
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Block Basement Construction

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electric, heating, sewer, water
  • The owner pays for lawn maintenance, trash collection
  • Assessor Parcel Number 60-10-21-300-400.280-028

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Water Meters
  • Trash Expense $50

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,508

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1920
  • Age: 102
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Town of Spencer PT Lot 17 Town of Spencer Lot 18
  • Parcel Number ID: 60-10-21-300-400.280-028
  • Platted: Yes
  • Amenities: Off Street Parking
  • Sp Lp Percent: 88.24
  • Monthly Gross Income: 1725
  • Year Taxes Payable: 2021
  • Special Features: None

Interior Features

  • Total Sq Ft: 4053
  • Total Finished Sq Ft: 3553
  • Above Grade Finished Sq Ft: 3553
  • Below Grade Sq Ft: 500
  • Price Per Sq Ft: 42.22
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 500
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Stone, Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Trash Expense: 50
  • Number Electric Meters: 3
  • Number Of W D Hookups: 3
  • Number Water Meters: 3

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: Corner
  • Estimated Lot Sq Ft: 21780
  • Estimated Lot Size Acres: 0.5

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1725
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 3

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

Listed on
Apr 8, 2022
Closed on
Jun 9, 2022
Sold by
Mckinney David C and Mckinney Cassandra
Bought by
Hasselburg Richard J
Seller's Agent
Crystal Russell
Century 21 Scheetz - Bloomington
Buyer's Agent
Crystal Russell
Century 21 Scheetz - Bloomington
List Price
$170,000
Sold Price
$150,000
Premium/Discount to List
-$20,000
-11.76%
Total Days on Market
62
Current Estimated Value
$224,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,326
Avg. Annual Appreciation
15.40%
Original Mortgage
$120,000
Outstanding Balance
$109,649
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$120,234

Purchase Details

Listed on
Jun 20, 2017
Closed on
Sep 25, 2017
Sold by
Teague Lucas
Bought by
Mckinney David C and Mckinney Cassandra
Seller's Agent
Brad Holmes
Valley Properties
List Price
$110,000
Sold Price
$100,000
Premium/Discount to List
-$10,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.01%
Original Mortgage
$75,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2015
Sold by
Holmes Homes Llc
Bought by
Teague Lucas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
3.91%
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
Hasselburg Richard J -- None Listed On Document
Mckinney David C -- None Available
Teague Lucas -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hasselburg Richard J $120,000
Previous Owner Mckinney David C $75,000
Previous Owner Teague Lucas $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $150,000 -11.8% $42 / Sq Ft
04/08/2022 04/08/22 For Sale $170,000 +70.0% $48 / Sq Ft
09/28/2017 09/28/17 Sold $100,000 -9.1% $28 / Sq Ft
09/11/2017 09/11/17 Pending -- -- --
06/20/2017 06/20/17 For Sale $110,000 -- $31 / 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 $3,508 $175,400 $17,000 $158,400
2023 $3,428 $171,000 $17,000 $154,000
2022 $3,022 $153,500 $17,000 $136,500
2021 $3,082 $156,300 $17,000 $139,300
2020 $2,892 $146,800 $17,000 $129,800
2019 $2,646 $134,000 $17,000 $117,000
2018 $2,541 $126,500 $17,000 $109,500
2017 $1,291 $126,100 $26,000 $100,100
2016 $1,250 $126,100 $26,000 $100,100
2014 $2,723 $135,500 $26,000 $109,500
2013 -- $134,400 $26,100 $108,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202212233

Indiana Regional MLS

APN: 60-10-21-300-400.280-028