NOT LISTED FOR SALE

302 W Pine St Pierceton, IN 46562

Estimated Value: $198,000 - $222,951

4 Beds
2 Baths
1,400 Sq Ft
$151/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $160,000 $114 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,406/month

91 Days on Market

Highlights

  • Laundry in Utility Room
  • Carpet
  • 1-Story Property
  • Level Lot

About This Home

As of September 2020

Huge Price Reduction!! Have you been looking to start investing because here is your chance! You don't see a BRAND NEW duplex everyday. Renting the units won't be a problem in the charming town of Pierceton with bustling Warsaw just down the road. In fact, both units already have signed year long leases so you can start earning. Each side features 2 bedrooms, 1 bathroom, new stainless steel stove and refrigerator and laundry hook ups. The duplex also features a low maintenance metal roof and 6" exterior walls with extra insulation. Tenants pay all utilities. Walkable crawl space. This property will be a low maintenance money maker for many years to come!

Last Agent to Sell the Property

Emily Boardman

Minear Real Estate Listed on: 04/27/2020

Co-Listed By

brad lemay

Minear Real Estate

Last Buyer's Agent

Jesse Pennington

Minear Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $800

Year Built

  • Built in 2020

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 132x66
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Schools

  • Pierceton Elementary School
  • Whitko Middle School
  • Whitko High School

Listing and Financial Details

  • Tenant pays for electric, sewer, water
  • The owner pays for tax
  • Assessor Parcel Number 43-12-27-300-449.000-030

Community Details

Overview

  • 2 Units
  • Hay Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $600
  • Maintenance Expense $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$800

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 2020
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 010-107-178 Lot 4 Blk 12 Hays-Add
  • Parcel Number ID: 43-12-27-300-449.000-030
  • Platted: Yes
  • Amenities: Washer Hook-Up
  • Inside City Limits: Yes
  • New Construction: Spec
  • Sp Lp Percent: 94.12
  • Monthly Gross Income: 1600
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 1400
  • Total Finished Sq Ft: 1400
  • Above Grade Finished Sq Ft: 1400
  • Price Per Sq Ft: 114.29
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Fuel: Electricity
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 600
  • Annual Maintenance Expense: 500
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Whitko
  • Elementary School: Pierceton
  • Middle School: Whitko
  • High School: Whitko
  • Elementary School: Pierceton

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 132x66
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Tax
  • Tenant Pays: Electric, Sewer, Water

Multi Family

  • Gross Monthly Rent: 1600
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 800

MLS Schools

  • High School: Whitko
  • Middle School: Whitko
  • School District: Whitko

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2020
Closed on
Sep 30, 2020
Sold by
Staley Samantha
Bought by
Pennington Jeremy W
Seller's Agent
Emily Boardman
Minear Real Estate
Buyer's Agent
Jesse Pennington
Minear Real Estate
List Price
$195,000
Sold Price
$160,000
Premium/Discount to List
-$35,000
-17.95%
Total Days on Market
91
Current Estimated Value
$211,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,984
Avg. Annual Appreciation
5.71%
Original Mortgage
$120,000
Outstanding Balance
$108,171
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$100,557
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
Pennington Jeremy W $160,000 North American Title Company L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pennington Jeremy W $120,000
Closed Pennington Jeremy W $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $160,000 -5.9% $114 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
05/27/2020 05/27/20 Price Changed $170,000 -12.8% $121 / Sq Ft
04/27/2020 04/27/20 For Sale $195,000 -- $139 / 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 $2,825 $159,300 $17,800 $141,500
2023 $2,712 $149,200 $17,800 $131,400
2022 $2,416 $140,400 $17,800 $122,600
2021 $2,285 $117,900 $12,700 $105,200
2020 $190 $9,100 $9,100 $0
2019 $11 $9,100 $9,100 $0
2018 $207 $9,100 $9,100 $0
2017 $203 $9,100 $9,100 $0
2016 $143 $6,200 $6,200 $0
2014 $137 $6,200 $6,200 $0
2013 $137 $6,200 $6,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202014738

Indiana Regional MLS

APN: 43-12-27-300-449.000-030