NOT LISTED FOR SALE

291-293 W Hill St Wabash, IN 46992

Estimated Value: $86,000 - $180,000

5 Beds
3 Baths
3,495 Sq Ft
$43/Sq Ft Est. Value

Last Sold September 06, 2019

Last sale price $87,000 $25 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $949/month

496 Days on Market

Highlights

  • Georgian Architecture
  • Forced Air Heating and Cooling System
  • Level Lot
  • Porch
  • Ceiling Fan
  • 4-minute walk to Paradise Spring Historical Park & Riverwalk

About This Home

As of September 2019

INCOME PRODUCER LOCATED CLOSE TO HISTORIC DOWNTOWN WABASH! This Georgian Colonial duplex was built in 1910. Over 3,400 sq ft! Both units are currently rented with the landlord receiving an annual gross income of $14,700!! Recent updates include: Unit 291 - new vyl plank flooring in Kitchen (10/17), new vinyl plank floor, vanity, light fixture in Bathroom (10/17), new refrigerator/stove (10/17), new vinyl floor in back porch. Unit 293 - new Kitchen island with quartz counter top, 2nd floor Bathroom was totally remodeled 8 yrs ago, 1st floor Bathroom has new sink and faucet. Each unit has separate central air units that are 4 yrs old and Gas Forced Air furnaces. Both units have large bedrooms and large living rooms! Private parking off the ally. There is only 1 water meter for the house so the owner/landlord pays 1 bill which is $180/month on average. Renter pays all other utilities. Each unit has it's separate 100 amp boxes. Basement is securely divided for each unit's privacy. Basement exterior door will be replaced in near future. RECENT UPDATE 11/2018: NEW BATHTUB INSTALLED AND NEW BACK STEPS!

Last Agent to Sell the Property

Lesley Vigar

True Realty Listed on: 04/21/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $976

Year Built

  • Built in 1910

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66 x 132
  • Level Lot

Home Design

  • Duplex
  • Georgian Architecture
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Stone or Rock in Basement

Parking

  • 2 Parking Spaces
  • Private Parking
  • Driveway
  • Off-Street Parking

Schools

  • Oj Neighbors Elementary School
  • Wabash Middle School
  • Wabash High School

Utilities

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

Additional Features

  • Porch
  • Suburban Location

Listing and Financial Details

  • Homestead Exemption
  • Tenant pays for cable, cooling, electric, fuel, heating
  • The owner pays for building insurance, water
  • Assessor Parcel Number 85-14-11-303-026.000-009

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $790
  • Trash Expense $25
  • Water Sewer Expense $2,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$976

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1910
  • Age: 109
  • Style: Two Story
  • Architectural Style: Georgian
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: WESTERN W1/2 LOT 57 WESTERN E1/2 LOT 58 |
  • Parcel Number ID: 85-14-11-303-026.000-009
  • Platted: Yes
  • Amenities: Ceiling Fan, Porch Open, Water Heater Electric, Water Heater Gas
  • Cross Street: Carroll
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100.58
  • Annual Miscellaneous: 1000
  • Monthly Gross Income: 1225
  • Year Taxes Payable: 2018
  • Special Features: None

Interior Features

  • Total Sq Ft: 4651
  • Total Finished Sq Ft: 3495
  • Above Grade Finished Sq Ft: 3495
  • Below Grade Sq Ft: 1156
  • Price Per Sq Ft: 24.89
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Stone
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 2037
  • Total Below Grade Sq Ft: 1156
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Asphalt
  • Number Of Parking Spaces: 2
  • Parking: Off Street, Private

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 790
  • Annual Trash Expense: 25
  • Annual Water Sewer Expense: 2160
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Wabash City Schools
  • Elementary School: OJ Neighbors
  • Middle School: Wabash
  • High School: Wabash
  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 66 x 132
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Water
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating

Tax Info

  • Exemptions: Homestead, Mortgage
  • Annual Property Tax: 976

Multi Family

  • Gross Monthly Rent: 1225
  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

MLS Schools

  • High School: Wabash
  • Middle School: Wabash
  • School District: Wabash City Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2018
Closed on
Sep 6, 2019
Sold by
See Andrew J and See Megan E
Bought by
Landry Laurie A
Seller's Agent
Lesley Vigar
True Realty
List Price
$95,000
Sold Price
$87,000
Premium/Discount to List
-$8,000
-8.42%
Current Estimated Value
$151,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,975
Avg. Annual Appreciation
9.37%
Original Mortgage
$85,424
Outstanding Balance
$75,780
Interest Rate
3.7%
Mortgage Type
FHA
Estimated Equity
$74,087

Purchase Details

Closed on
Jan 27, 2014
Sold by
See Andrew J
Bought by
See Andrew J and See Megan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
4.49%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 29, 2010
Sold by
Hensley Cindy S
Bought by
See Andrew J
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
Landry Laurie A -- First American Mortgage Sln
See Andrew J -- None Available
See Andrew J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Landry Laurie A $85,424
Previous Owner See Andrew J $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2019 09/06/19 Sold $87,000 +0.6% $25 / Sq Ft
08/30/2019 08/30/19 Pending -- -- --
11/05/2018 11/05/18 Price Changed $86,500 -3.8% $25 / Sq Ft
08/14/2018 08/14/18 Price Changed $89,900 -3.2% $26 / Sq Ft
06/15/2018 06/15/18 Price Changed $92,900 -2.2% $27 / Sq Ft
04/21/2018 04/21/18 For Sale $95,000 -- $27 / 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 $1,710 $130,800 $16,500 $114,300
2023 $1,595 $126,300 $16,500 $109,800
2022 $1,384 $108,700 $13,200 $95,500
2021 $1,259 $100,700 $13,200 $87,500
2020 $1,230 $98,900 $13,200 $85,700
2019 $916 $79,800 $13,200 $66,600
2018 $1,594 $79,700 $13,200 $66,500
2017 $977 $82,000 $13,200 $68,800
2016 $988 $82,800 $13,200 $69,600
2014 $970 $83,800 $13,200 $70,600
2013 $920 $82,200 $13,200 $69,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201815717

Indiana Regional MLS

APN: 85-14-11-303-026.000-009