NOT LISTED FOR SALE

309 N Morgan St Unit A & B Mentone, IN 46539

Estimated Value: $144,000 - $259,766

2 Beds
1 Bath
1,728 Sq Ft
$107/Sq Ft Est. Value

Last Sold June 12, 2020

Last sale price $91,000 $53 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $1,216/month

16 Days on Market

Highlights

  • Porch
  • Shed
  • Level Lot
  • Laundry in Utility Room
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

As of June 2020

Duplex near downtown Mentone with excellent rental record. Convenient location about 15 minutes to Warsaw or Rochester. All units are rented. Tenants pay all of their utilities, each unit pays $160.00 weekly for rent and water. Owner pays water, sewer, and trash bill.

Last Agent to Sell the Property

Gene Frye

RE/MAX Results- Warsaw Listed on: 03/25/2020

Last Buyer's Agent

Timothy Hatcher

Hatcher Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,043

Year Built

  • Built in 2004

Lot Details

  • 7,200 Sq Ft Lot
  • Lot Dimensions are 75x96
  • Level Lot

Home Design

  • Duplex
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 4 Parking Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Shed
  • Porch

Location

  • Suburban Location

Schools

  • Mentone Elementary School
  • Tippe Valley Middle School
  • Tippe Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cooling, electric, fuel, heating, lawn maintenance, sewer, water
  • Assessor Parcel Number 43-09-34-200-127.000-035

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $698
  • Maintenance Expense $1,000
  • Water Sewer Expense $2,195

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,043

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 2004
  • Age: 16
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 014-141-220 1/2 Lots 349&350 |
  • Parcel Number ID: 43-09-34-200-127.000-035
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Porch Open
  • Grid: 30 - S.W. Kosc.
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Section Number: 82
  • Sp Lp Percent: 91.92
  • Monthly Gross Income: 1280
  • Restrictions Yn: Yes
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 1728
  • Total Finished Sq Ft: 1728
  • Above Grade Finished Sq Ft: 1728
  • Price Per Sq Ft: 52.66
  • Flooring: Carpet
  • Main Level Sq Ft: 1728
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 1
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 80

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 4
  • Parking: Paved

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 698
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 2194.98
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Tippecanoe Valley
  • Elementary School: Mentone
  • Middle School: Tippe Valley
  • High School: Tippe Valley
  • Elementary School: Mentone

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 75X96
  • Estimated Lot Sq Ft: 7200
  • Estimated Lot Size Acres: 0.1653
  • Lot Number: 349

Rental Info

  • Lease Term: Month to Month
  • Tenant Pays: Cooling, Electric, Fuel, Heating, Lawn Maintenance, Sewer, Water

Multi Family

  • Gross Monthly Rent: 1280
  • Number Of Units: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2043.44

MLS Schools

  • High School: Tippe Valley
  • Middle School: Tippe Valley
  • School District: Tippecanoe Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2020
Closed on
Jun 12, 2020
Sold by
Tilburg Sandra E Van
Bought by
Miner Chad M and Miner Rachel R
Seller's Agent
Gene Frye
RE/MAX Results- Warsaw
Buyer's Agent
Timothy Hatcher
Hatcher Real Estate LLC
List Price
$99,000
Sold Price
$91,000
Premium/Discount to List
-$8,000
-8.08%
Current Estimated Value
$184,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,192
Avg. Annual Appreciation
13.13%
Original Mortgage
$68,250
Outstanding Balance
$61,162
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$112,744

Purchase Details

Closed on
Dec 16, 2005
Sold by
Swartz Roy
Bought by
Tilburg Sandra E Van

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,920
Interest Rate
6.48%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Miner Chad M $91,000 Metropolitan Title Of In Llc
Tilburg Sandra E Van -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miner Chad M $68,250
Previous Owner Tilburg Sandra E Van $111,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2020 06/12/20 Sold $91,000 -8.1% $53 / Sq Ft
03/25/2020 03/25/20 For Sale $99,000 -- $57 / 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 $2,819 $139,700 $10,100 $129,600
2023 $2,702 $134,500 $10,100 $124,400
2022 $2,543 $126,500 $10,100 $116,400
2021 $2,114 $108,200 $10,100 $98,100
2020 $2,137 $104,800 $9,100 $95,700
2019 $2,088 $102,400 $9,100 $93,300
2018 $2,081 $102,000 $8,400 $93,600
2017 $2,043 $100,200 $8,400 $91,800
2016 $2,043 $100,300 $8,400 $91,900
2014 $1,944 $97,200 $8,400 $88,800
2013 $1,944 $98,200 $8,400 $89,800
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2020

    Gene Frye

    RE/MAX

  • Timothy Hatcher

    Buyer's Agent in 2020

    Timothy Hatcher

    Hatcher Real Estate LLC

    (574) 267-0013

    47 Total Sales

    Timothy Hatcher
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Map

Source: Indiana Regional MLS

MLS Number: 202010990

Indiana Regional MLS

APN: 43-09-34-200-127.000-035

Indiana Kosciusko County Mentone 46539

309 N Morgan St Unit A & B, Mentone, IN

This home is located at 309 N Morgan St Unit A & B, Mentone, IN 46539 since 25 March 2020 and is currently estimated at $184,192, approximately $106 per square foot. This property was built in 2004. 309 N Morgan St Unit A & B is a home located in Kosciusko County with nearby schools including Tippecanoe Valley High 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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