NOT LISTED FOR SALE

302 W Michigan St Lagrange, IN 46761

Estimated Value: $144,000 - $188,000

5 Beds
2 Baths
2,540 Sq Ft
$65/Sq Ft Est. Value

Last Sold July 14, 2014

Last sale price $65,000 $26 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $1,004/month

335 Days on Market

Highlights

  • Corner Lot
  • Fenced Yard
  • Storm Doors
  • Covered patio or porch
  • Forced Air Heating System
  • Community Storage Space

About This Home

As of July 2014

Duplex on West Michigan Street - beautiful tree lined street close to park and library. Corner Lot. This location is very easy to keep rented. Or...Live in one, and rent the other. Updated flooring, windows, water heaters. Both side are rented at this time - need advance appointment for showing. Income and Expense information attached in associated documents.

Last Agent to Sell the Property

Penny Miller

RE/MAX Results - Wolcottville office Listed on: 08/07/2013

Last Buyer's Agent

Penny Miller

RE/MAX Results - Wolcottville office Listed on: 08/07/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,486

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 66x87
  • Fenced Yard
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Storm Doors

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement
  • Crawl Space

Parking

  • 6 Parking Spaces
  • Public Parking
  • On-Street Parking

Schools

  • Lakeland Primary Elementary School
  • Lakeland Intermediate
  • Lakeland Jr/Sr High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for lawn maintenance, snow removal
  • The owner pays for electric, heating, sewer, trash collection, water
  • Assessor Parcel Number 440719300003044002

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Electric Expense $2,100
  • Fuel Expense $2,100
  • Insurance Expense $816
  • Maintenance Expense $700
  • Trash Expense $240
  • Water Sewer Expense $744

Additional Features

  • 2 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,486

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 114
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: NE SE - TOWN OF LAGRANGE 66X87' SE COR OUTLOT 4 .13 AC |
  • Parcel Number ID: 440719300003044002
  • Platted: Yes
  • Amenities: Basement, Fenced Yard, Storage, Porch Covered, Storm Doors, Water Heater Electric
  • Location: City/Town/Suburb
  • Parcel Id2: 440719300003044002
  • Section Number: 00
  • Sp Lp Percent: 94.89
  • Annual Miscellaneous: 200
  • Monthly Gross Income: 1625
  • Year Taxes Payable: 2013/2014
  • Special Features: None

Interior Features

  • Total Sq Ft: 3588
  • Total Finished Sq Ft: 2540
  • Above Grade Finished Sq Ft: 2540
  • Below Grade Sq Ft: 1048
  • Price Per Sq Ft: 25.59
  • Basement Foundation: Crawl, Full Basement
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 1048
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6
  • Parking: Public, Street

Utilities

  • Heating Fuel: Electricity, Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 2100
  • Annual Fuel Expense: 2100
  • Annual Insurance Expense: 816
  • Annual Maintenance Expense: 700
  • Annual Trash Expense: 240
  • Annual Water Sewer Expense: 744
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Lakeland School Corp
  • Elementary School: Lakeland Primary
  • Middle School: Lakeland Intermediate
  • High School: Lakeland Jr/Sr
  • Elementary School: Lakeland Primary

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 66x87
  • Estimated Lot Sq Ft: 5663
  • Estimated Lot Size Acres: 0.13

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1625
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1486

MLS Schools

  • High School: Lakeland Jr/Sr
  • Middle School: Lakeland Intermediate
  • School District: Lakeland School Corp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2013
Closed on
Jul 8, 2014
Sold by
Danial Morningstar
Bought by
Danny D Smitth
Seller's Agent
Penny Miller
RE/MAX Results - Wolcottville office
Buyer's Agent
Penny Miller
RE/MAX Results - Wolcottville office
List Price
$91,900
Sold Price
$65,000
Premium/Discount to List
-$26,900
-29.27%
Current Estimated Value
$165,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,176
Avg. Annual Appreciation
8.89%
Source: Public Records

Range of Values:

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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
Danny D Smitth $65,000 Lakeland Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2014 07/14/14 Sold $65,000 -29.3% $26 / Sq Ft
07/08/2014 07/08/14 Pending -- -- --
08/07/2013 08/07/13 For Sale $91,900 -- $36 / 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 $1,008 $131,200 $13,500 $117,700
2023 $873 $126,300 $12,900 $113,400
2022 $815 $111,300 $11,300 $100,000
2021 $680 $99,300 $11,300 $88,000
2020 $634 $96,600 $11,000 $85,600
2019 $506 $87,700 $10,000 $77,700
2018 $493 $85,300 $10,000 $75,300
2017 $536 $88,300 $10,000 $78,300
2016 $307 $66,300 $10,000 $56,300
2014 $306 $68,600 $10,000 $58,600
2013 $306 $69,200 $10,000 $59,200
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2014

    Penny Miller

    RE/MAX

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 675678

Indiana Regional MLS

APN: 44-07-19-300-003.044-002

Indiana LaGrange County Lagrange 46761

302 W Michigan St, Lagrange, IN

This home is located at 302 W Michigan St, Lagrange, IN 46761 since 07 August 2013 and is currently estimated at $165,176, approximately $65 per square foot. This property was built in 1900. 302 W Michigan St is a home located in LaGrange County with nearby schools including Lakeland High School, Southeast Clay School, and Creekside Amish School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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