NOT LISTED FOR SALE

308 14th St Winona Lake, IN 46590

Estimated Value: $212,000 - $254,000

4 Beds
2 Baths
1,954 Sq Ft
$121/Sq Ft Est. Value

Last Sold March 16, 2015

Last sale price $98,000 $50 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $1,561/month

164 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Ceiling Fan
  • Warsaw Community High School Rated A-
  • Forced Air Heating System
  • 5-minute walk to Grace College Disc Golf Course

About This Home

As of March 2015

Beautiful home in the heart of Winona Lake. Currently used as an investment property with potential to be owner occupied with a rental income from the basement unit. Lots of updateds throughout. Newer roof & siding and new paint. Walking distance to Grace College, The Village of Winona, and Winona Park. Original hardwood floors in the upstairs unit, with updated kitchens in both units. Current rental income includes utilities. All appliances included except the refrigerator in the upstairs unit.

Last Agent to Sell the Property

Michaela Roth

Coldwell Banker Real Estate Group Listed on: 09/15/2014

Last Buyer's Agent

Michaela Roth

Coldwell Banker Real Estate Group Listed on: 09/15/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,592

Year Built

  • Built in 1949

Lot Details

  • 3,049 Sq Ft Lot
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Shingle Roof
  • Concrete Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Storage In Attic

Flooring

  • Wood
  • Laminate
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • 1 Bathroom in Basement
  • 2 Bedrooms in Basement

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Schools

  • Jefferson Elementary School
  • Lakeview Middle School
  • Warsaw High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cooling, deposit value, electric, heating
  • The owner pays for building insurance, lawn maintenance, snow removal, sewer
  • Assessor Parcel Number 43-11-15-300-642.000-033

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,592

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1949
  • Age: 66
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 006-071-147 Lot 732 OP Of Winona Lake |
  • Parcel Number ID: 43-11-15-300-642.000-033
  • Platted: Yes
  • Amenities: Ceiling Fan, Attic Storage
  • Grid: 10 - Central Kosc.
  • Location: Near College Campus
  • Number Below Grade Bedrooms: 2
  • Sp Lp Percent: 85.22
  • Monthly Gross Income: 1600
  • Restrictions Yn: Yes
  • Year Taxes Payable: 2014
  • Special Features: None

Interior Features

  • Total Sq Ft: 1954
  • Total Finished Sq Ft: 1954
  • Above Grade Finished Sq Ft: 1186
  • Below Grade Finished Sq Ft: 768
  • Price Per Sq Ft: 82.63
  • Basement: Yes
  • Basement Foundation: Finished, Partial Basement, Walk-Out Basement
  • Basement Material: Poured Concrete
  • Flooring: Laminate, Vinyl Tile, Wood
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 768
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 4

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Off Street, Street

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Warsaw Community
  • Elementary School: Jefferson
  • Middle School: Lakeview
  • High School: Warsaw
  • Elementary School: Jefferson

Lot Info

  • Lot Description: Corner
  • Estimated Lot Sq Ft: 3049
  • Estimated Lot Size Acres: 0.07
  • Lot Number: 732

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Lawn Maintenance, Snow Removal, Sewer
  • Tenant Pays: Cooling, Deposit Value, Electric, Heating

Multi Family

  • Gross Monthly Rent: 1600
  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1592.27

MLS Schools

  • High School: Warsaw
  • Middle School: Lakeview
  • School District: Warsaw Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2014
Closed on
Mar 16, 2015
Sold by
Roth Caleb J and Roth Joseph E
Bought by
Stookey Enterprises Llc
Seller's Agent
Michaela Roth
Coldwell Banker Real Estate Group
Buyer's Agent
Michaela Roth
Coldwell Banker Real Estate Group
List Price
$129,900
Sold Price
$98,000
Premium/Discount to List
-$31,900
-24.56%
Total Days on Market
164
Current Estimated Value
$236,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,048
Avg. Annual Appreciation
8.85%
Original Mortgage
$98,000
Outstanding Balance
$76,041
Interest Rate
3.56%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$157,014

Purchase Details

Listed on
Aug 14, 2012
Closed on
Nov 14, 2012
Sold by
Watt David Edward and West Watt Janet M Stanlee
Bought by
Roth Caleb J and Roth Joseph E
Seller's Agent
Judy Brown
Patton Hall Real Estate
Buyer's Agent
Bobbi Kosins
Lake City Realty
List Price
$94,500
Sold Price
$89,000
Premium/Discount to List
-$5,500
-5.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.22%
Original Mortgage
$66,675
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2008
Sold by
Lhs Realty Llc
Bought by
Watt David Edward and West Janet M Stanlee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 1999
Sold by
Graber David R and Graber Shari C
Bought by
Smith L Howard

Purchase Details

Closed on
Feb 9, 1998
Sold by
Kindig Jerry L and Contract Remove Contract
Bought by
Graber David R and Graber Shari C
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
Stookey Enterprises Llc -- None Available
Roth Caleb J -- None Available
Watt David Edward $60,000 Landamerica Lawyers Title
Watt David Edward -- None Available
Smith L Howard $50,000 --
Graber David R $46,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stookey Enterprises Llc $98,000
Previous Owner Roth Caleb J $66,675
Previous Owner Watt David Edward $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2015 03/16/15 Sold $98,000 -24.6% $50 / Sq Ft
02/26/2015 02/26/15 Pending -- -- --
09/15/2014 09/15/14 For Sale $129,900 +46.0% $66 / Sq Ft
11/15/2012 11/15/12 Sold $89,000 -5.8% $38 / Sq Ft
10/04/2012 10/04/12 Pending -- -- --
08/14/2012 08/14/12 For Sale $94,500 -- $41 / 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 $2,834 $160,300 $20,900 $139,400
2023 $2,823 $155,300 $20,900 $134,400
2022 $2,602 $141,300 $19,100 $122,200
2021 $2,182 $114,100 $16,800 $97,300
2020 $2,164 $108,800 $16,400 $92,400
2019 $2,069 $104,400 $16,400 $88,000
2018 $2,032 $99,500 $15,500 $84,000
2017 $1,899 $97,200 $15,500 $81,700
2016 $1,914 $95,300 $15,500 $79,800
2014 $1,742 $92,400 $15,500 $76,900
2013 $1,742 $81,800 $15,500 $66,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201440793

Indiana Regional MLS

APN: 43-11-15-300-642.000-033