$120,000
SOLD NOV 4, 2024

291 W Main St Wabash, IN 46992

4 Beds
2 Baths
2,064 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$58 Per Sq Ft

153 Days on Market

Highlights

  • Laundry in Utility Room
  • Level Lot
  • 3-minute walk to Paradise Spring Historical Park & Riverwalk
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

As of November 2024

Affordable Turn Key Duplex!! Grossing $1516/mo with great room for improvement. Both units are two bedroom apartments and month to month so the new owner could make any changes they so desire. You could even House hack and live in one unit and rent out the other to dramatically reduce your living expenses!Property to be sold as is (13 Other Properties available for sale in this package!

Last Agent to Sell the Property

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 05/30/2024

eXp Realty, LLC

Last Buyer's Agent

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 05/30/2024

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,504

Year Built

  • Built in 1910

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 33x66
  • Level Lot

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cooling, electric, fuel, heating, sewer, deposit value
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 85-14-11-303-049.000-009

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $4,701
  • Insurance Expense $779
  • Maintenance Expense $840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,504

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1910
  • Age: 114
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: WESTERN E 1/2 N1/2 42
  • Parcel Number ID: 85-14-11-303-049.000-009
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 150.19
  • Monthly Gross Income: 1517
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 3252
  • Total Finished Sq Ft: 2064
  • Above Grade Finished Sq Ft: 2064
  • Below Grade Sq Ft: 1188
  • Price Per Sq Ft: 58.14
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 1188
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Wood
  • Stories: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 4701
  • Annual Insurance Expense: 779
  • Annual Maintenance Expense: 840
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

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, Slope
  • Lot Dimensions: 33X66
  • Estimated Lot Sq Ft: 2178
  • Estimated Lot Size Acres: 0.05

Rental Info

  • Lease Term: Week to Week
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cooling, Electric, Fuel, Heating, Sewer, Deposit Value

Multi Family

  • Gross Monthly Rent: 1516
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1504

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
May 30, 2024
Closed on
Nov 1, 2024
Sold by
Wabash Residences Llc
Bought by
Solberg Vanessa and Solberg Brent
Seller's Agent
Jordan Wildman
eXp Realty, LLC
Buyer's Agent
Jordan Wildman
eXp Realty, LLC
List Price
$119,900
Sold Price
$120,000
Premium/Discount to List
$100
0.08%
Views
104
Current Estimated Value
$132,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,482
Avg. Annual Appreciation
11.10%
Original Mortgage
$120,000
Outstanding Balance
$96,814
Interest Rate
6.12%
Mortgage Type
Seller Take Back
Estimated Equity
$35,668

Purchase Details

Closed on
Oct 17, 2018
Sold by
Monroe Michael R and Monroe Lisa R
Bought by
Abundant Life Properties Llc
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 Type Sale Price Title Company
Warranty Deed -- Centurion Land Title
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $120,000 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2024 11/04/24 Sold $120,000 +50.2% $58 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
08/08/2024 08/08/24 Price Changed $79,900 -11.1% $39 / Sq Ft
06/18/2024 06/18/24 Price Changed $89,900 -25.0% $44 / Sq Ft
06/01/2024 06/01/24 For Sale $119,900 -- $58 / 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 $1,560 $78,000 $3,000 $75,000
2023 $1,504 $75,200 $3,000 $72,200
2022 $1,372 $68,600 $2,400 $66,200
2021 $1,044 $52,200 $2,400 $49,800
2020 $1,026 $51,300 $2,400 $48,900
2019 $980 $49,000 $2,400 $46,600
2018 $980 $49,000 $2,400 $46,600
2017 $972 $47,400 $2,400 $45,000
2016 $988 $48,200 $2,400 $45,800
2014 $910 $47,700 $2,400 $45,300
2013 $934 $46,700 $2,400 $44,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202419520

Indiana Regional MLS

APN: 85-14-11-303-049.000-009