NOT LISTED FOR SALE

2901 Loren Dr New Harmony, IN 47631

Estimated Value: $125,000 - $260,000

4 Beds
2 Baths
2,012 Sq Ft
$87/Sq Ft Est. Value

Last Sold September 03, 2020

Last sale price $45,000 $22 Per Sq Ft

Est. 253% increase in value since last sale

Current estimated payment $1,039/month

20 Days on Market

Highlights

  • Laundry in Utility Room
  • Central Air
  • Level Lot
  • Luxury Vinyl Tile Flooring
  • Private Streets

About This Home

As of September 2020

TWO COUNTRY COMMUNITY DUPLEXES ON TWO SEPARATE LOTS.. Ideal for renovations, fixer-upper. NEEDS REPAIRS & PRICED TO SELL. BOTH BUILDINGS ARE SOLD TOGETHER ONLY. Both on same septic system. New Harmony water supplies both together on one meter. Electric is separate in each unit. Two 1.5 story duplexes are sold together. Includes Lot 21 & Lot 22 Country Manor West New Harmony. Lot 21 is 2909 & 2911 Loren Drive & includes two bedroom units on both sides. Lot 22 is 2901 & 2903 and includes one 2 bedroom and one loft bedroom. The layout is the same on all units. Main level includes Open Living room Dining room and kitchen with deck on back. Upstairs includes full bathroom and bedrooms.The only difference is that Lot 22 is a 2 bedroom and one loft bedroom. Square Ft. for Lot 22 Duplex is 1904 S.F. & Lot 21 Duplex is 2012 S.F. Rents stated were for when they all were rented. Only one is currently rented as all need to be remodeled prior to renting. After remodeling, rents could be possibly increased. Taxes are $1189 yearly for both buildings payable 2020 Sold As Is, where is. As Is addendum with offer please.

Last Agent to Sell the Property

Larry Davis

POSEY COUNTY REALTY Listed on: 07/08/2020

Last Buyer's Agent

Larry Davis

POSEY COUNTY REALTY Listed on: 07/08/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 0.42 Acre Lot
  • Private Streets
  • Level Lot

HOA Fees

  • $99 per month

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 2,012 Sq Ft Home
  • 1.5-Story Property
  • Crawl Space
  • Laundry in Utility Room

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Schools

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

Utilities

  • Central Air
  • Septic System

Listing and Financial Details

  • Tenant pays for cooling, electric, heating, trash collection
  • The owner pays for building insurance, tax, water
  • Assessor Parcel Number 65-08-24-121-021.000-008

Community Details

Overview

  • $99 Other Monthly Fees
  • 2 Buildings
  • 4 Units
  • Country Manor Subdivision

Building Details

  • 2 Separate Electric Meters
  • Insurance Expense $1,311
  • Maintenance Expense $1,569
  • Water Sewer Expense $390

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

HOA Fees

$99 per month

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1977
  • Age: 43
  • Style: One and Half Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 2909-29011 Loren: COUNTRY MANOR WEST SUBD LOT 21 2901 -2903 Loren: COUNTRY MANOR WEST SUBD LOT 22
  • Parcel Number ID: 65-08-24-121-021.000-008
  • Platted: Yes
  • Amenities: Off Street Parking, Deck Open
  • Parcel Id2: 650824121022000008
  • Road Access: Private
  • Sp Lp Percent: 90.18
  • Monthly Gross Income: 1800
  • County Zoning: R-2 Residential Two-Family
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 2012
  • Total Finished Sq Ft: 2012
  • Above Grade Finished Sq Ft: 2012
  • Price Per Sq Ft: 22.37
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl Tile
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity
  • Sewer: Septic
  • Water Utilities: City
  • Electric Company: CenterPoint Energy
  • Annual Insurance Expense: 1311
  • Annual Maintenance Expense: 1569
  • Annual Water Sewer Expense: 390
  • Number Electric Meters: 2
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Other Fee Description: Taxes for Lot 21 & Lot 22 Duplex
  • Other Fees Dollar: 1187

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: Level
  • Lot Dimensions: 91 X 196 & 82 X 210
  • Estimated Lot Sq Ft: 18295
  • Estimated Lot Size Acres: 0.42

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1800
  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 4
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 3
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1187

MLS Schools

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

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2020 09/03/20 Sold $45,000 -9.8% $22 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $49,900 -- $25 / 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 $740 $44,000 $16,700 $27,300
2023 $881 $50,800 $16,700 $34,100
2022 $810 $47,300 $15,500 $31,800
2021 $641 $36,400 $5,200 $31,200
2020 $632 $35,300 $5,100 $30,200
2019 $597 $34,100 $5,100 $29,000
2018 $1,162 $68,100 $5,100 $63,000
2017 $752 $46,600 $5,400 $41,200
2016 $721 $46,600 $5,400 $41,200
2014 $156 $10,600 $7,300 $3,300
2013 $156 $10,500 $7,200 $3,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202025994

Indiana Regional MLS

APN: 65-08-24-121-022.000-008