NOT LISTED FOR SALE

2840 John Ave New Harmony, IN 47631

Estimated Value: $233,954 - $241,000

4 Beds
2 Baths
3,100 Sq Ft
$77/Sq Ft Est. Value

Last Sold July 14, 2016

Last sale price $70,000 $23 Per Sq Ft

Est. 239% increase in value since last sale

Current estimated payment $1,376/month

35 Days on Market

About This Home

As of July 2016

Attention Investors!!! This property was built as a duplex but was converted to single family. Conversion back to a duplex would be quick and painless! Over 3000 square foot of living space which could either be a 4 bedroom single family or 2, 2 bedroom bi-level units on just under a half acre in New Harmony. The home offers all brick construction with newer replacement windows throughout, 2 newer hot water heaters, laminate floors throughout the main level, and a new kitchen with all of the appliances. The home is assessed at $110,600 but priced at a substantial reduction to account for the cost to convert bank to a duplex. You can't find a nicer investment for less than $26.00 per square foot!!! The kitchen is currently in what could be converted back to the Unit 2 Living Room, and each unit currently has an "office" which was previously the kitchen for each unit. The dimensions on the "office" rooms are 19x9 roughly. (see photo's). Also, due to it's previous use, the property also has a complete fire suppression system with sprinklers and magnetic drop doors. Due to the nature of the the property conversion, FHA, VA, and USDA financing will not be acceptable as the home will not meet minimum standards as is. Please allow time for offer acceptance as property is owned by an out of state company and property is being offered in AS-IS condition. The electric is on at the property; however, the home has been winterized and the water is off.

Last Agent to Sell the Property

Jason Brown

Pinnacle Realty Group Listed on: 03/29/2016

Pinnacle Realty Group

Last Buyer's Agent

Theresa Catanese

Catanese Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,663

Year Built

  • Built in 1976

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 108x165
  • Lot Has A Rolling Slope

Parking

  • Off-Street Parking

Home Design

  • Bi-Level Home
  • Brick Exterior Construction

Interior Spaces

  • 3,100 Sq Ft Home
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Farmersville Elementary School
  • Mount Vernon Middle School
  • Mount Vernon High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Septic System

Community Details

  • Country Manor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 65-08-24-120-010.000-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,663

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1976
  • Age: 40
  • Style: Bi-Level
  • Total Number of Rooms: 10
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Country Manor Sub Lot 20 |
  • Parcel Number ID: 65-08-24-120-010.000-008
  • Platted: Yes
  • Sp Lp Percent: 87.61
  • Year Taxes Payable: 2015
  • Special Features: None

Interior Features

  • Total Sq Ft: 3100
  • Total Finished Sq Ft: 3100
  • Above Grade Finished Sq Ft: 3100
  • Price Per Sq Ft: 22.58
  • Basement: Yes
  • Basement Foundation: Walk-Out Basement
  • Living Great Room: Dimensions: 21x23, On Level: Main
  • Extra Room: Kitchen or Unit 2 LR, Dimensions: 21x23, On Level: Main
  • Bedroom 1: Dimensions: 11x12, On Level: Lower
  • Bedroom 2: Dimensions: 11x14, On Level: Lower
  • Bedroom 3: Dimensions: 11x12, On Level: Lower
  • Bedroom 4: Dimensions: 11x14, On Level: Lower
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Brick
  • Outbuilding1: None

Garage/Parking

  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: Septic
  • Water Utilities: Public

Schools

  • School District: MSD of Mount Vernon
  • Elementary School: Farmersville
  • Middle School: Mount Vernon
  • High School: Mount Vernon
  • Elementary School: Farmersville

Lot Info

  • Lot Description: Rolling
  • Lot Dimensions: 108x165
  • Estimated Lot Sq Ft: 17860
  • Estimated Lot Size Acres: 0.41

Tax Info

  • Annual Taxes: 1663
  • Total Assessed Value: 110600

MLS Schools

  • High School: Mount Vernon
  • Middle School: Mount Vernon
  • School District: MSD of Mount Vernon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2016
Closed on
Jul 14, 2016
Sold by
Scioto Blue Rivers Llc
Bought by
Verble Derrick and Verble Iva
Seller's Agent
Jason Brown
Pinnacle Realty Group
Buyer's Agent
Theresa Catanese
Catanese Real Estate
List Price
$79,900
Sold Price
$70,000
Premium/Discount to List
-$9,900
-12.39%
Current Estimated Value
$237,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,477
Avg. Annual Appreciation
14.18%
Original Mortgage
$66,500
Outstanding Balance
$30,109
Interest Rate
3.54%
Mortgage Type
Commercial
Estimated Equity
$207,368

Purchase Details

Closed on
Jul 31, 2008
Sold by
Transitional Services Inc
Bought by
Scioto Blue River Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
6.39%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 29, 2008
Sold by
Transitional Services Inc
Bought by
Scioto Blue River Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
6.39%
Mortgage Type
Credit Line Revolving
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
Verble Derrick -- Total Title
Scioto Blue River Properties Llc $130,000 Lawyers Title
Scioto Blue River Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Verble Derrick $66,500
Previous Owner Scioto Blue River Properties Llc $4,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2016 07/14/16 Sold $70,000 -12.4% $23 / Sq Ft
05/03/2016 05/03/16 Pending -- -- --
03/29/2016 03/29/16 For Sale $79,900 -- $26 / 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 $1,347 $159,300 $31,200 $128,100
2023 $1,585 $183,400 $31,200 $152,200
2022 $1,486 $171,400 $28,900 $142,500
2021 $2,578 $149,500 $18,800 $130,700
2020 $717 $114,300 $5,900 $108,400
2019 $659 $110,200 $5,900 $104,300
2018 $591 $105,500 $5,900 $99,600
2017 $542 $103,900 $6,400 $97,500
2016 $656 $113,800 $6,400 $107,400
2014 $1,663 $112,700 $8,500 $104,200
2013 $1,663 $113,700 $8,400 $105,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201612602

Indiana Regional MLS

APN: 65-08-24-120-010.000-008