NOT LISTED FOR SALE

310 S 7th St Unit 310 1/2 South 7th St Richmond, IN 47374

Estimated Value: $63,000 - $120,000

-- Bed
2 Baths
2,136 Sq Ft
$42/Sq Ft Est. Value

Last Sold September 03, 2015

Last sale price $8,200 $4 Per Sq Ft

Est. 1,005% increase in value since last sale

Current estimated payment $565/month

213 Days on Market

About This Home

As of September 2015

Excellent investment opportunity with this 2 unit duplex that was once a single family home. Both units are currently leased out and generating immediate income! The property is in great shape, check it out for yourself! Call, text, email Chandra Falcone today! 765-993-4383 - Chandra@chandrafalcone.com

Last Agent to Sell the Property

Chandra Falcone

Better Homes and Gardens First Realty Group License #RB14041868 Listed on: 01/09/2015

Better Homes and Gardens First Realty Group

Last Buyer's Agent

JONI HIRONS

Better Homes and Gardens First Realty Group License #RB14047785

Better Homes and Gardens First Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 45x209

Parking

  • Detached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof
  • Stick Built Home

Interior Spaces

  • 2,136 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Electric Range

Unfinished Basement

  • Partial Basement
  • Crawl Space

Outdoor Features

  • Covered Patio or Porch

Schools

  • Charles Elementary School
  • Test Middle School
  • Richmond High School

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Window Unit Cooling System
  • Furnace
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $500
  • Maintenance Expense $700
  • Utility Expense $3,000
  • Professional Management Expense $1,000
  • Operating Expense $5,945

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • OFFICELIST_ADDRESS: 310 S 7th Street
  • Estimated Year Built: 1910
  • Average Monthly Gas: 98.00
  • F I N A N C I N G O F F E R E D: Cash, Conventional, Land Contract
  • Geo Address Line: 310 S 7th St
  • Geo Longitude: -84.893326
  • Geo Primary City: Richmond
  • Geo Quality: 0.95
  • Geo Secondary City: Wayne Co.
  • Geo Subdivision: IN
  • Geo Zoom Level: 16
  • Improvements Valuation: 28600
  • Land Valuation: 8000
  • OFFICELIST_STATE: IN
  • Building Stories: 2
  • Tax Dup Number: 0299996300
  • Taxes Half: 372.50
  • Total Assessed Value: 36700
  • Cap Rate Percent: 21
  • Maintenance: 700
  • Number Two Bed Units: 2
  • Split Utilities: No
  • Unit 1 Appliances: Range-Electric, Refrigerator
  • Unit 1 Heat Type: Gas
  • Unit 2 Appliances: Range-Electric, Refrigerator
  • Unit 2 Heat Type: Gas
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Amenities: Cable TV
  • Has Basement: Yes, Partial Basement, Unfinished
  • Price Per S Q F T: 3.84
  • Basement Type: Duplex
  • Window Treatments Stay: Some
  • Insulation: AMPLE

Exterior Features

  • Exterior Construction: Stick
  • Exterior: Brick
  • Foundation: Crawl, Basement
  • Porch/Deck Type: Covered, Porch
  • Roof Age: UNKNOWN
  • Roof Type: Asphalt, Shingle

Garage/Parking

  • Garage Type: Garage-Detached

Utilities

  • Air Conditioner: Window, 2
  • Electric Company: Richmond Power and Light
  • Gas Company: Vectren Gas Company
  • Sewer: City
  • Hot Water: City
  • Water Heater: Gas
  • Insurance: 500
  • Number Water Heaters: 1
  • Utilities: 3000

Condo/Co-op/Association

  • Management: 1000
  • Number of Units: 2

Fee Information

  • Tax Class: MULTI-FAMILY
  • Taxes: 745

Schools

  • Elementary School: Charles
  • High School: Richmond
  • Middle School: Test

Lot Info

  • Geo Update Timestamp: 2015-09-04
  • Estimated Number Acres: 0.22
  • Land Contract: No
  • Lot Size: 45X209
  • Zoning: RES

Multi Family

  • Number Furnaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2015
Closed on
Sep 11, 2015
Sold by
Zeusforeclosures Llc
Bought by
Soutenare Sabrice Sylvain
Seller's Agent
Chandra Falcone
Better Homes and Gardens First Realty Group
Buyer's Agent
JONI HIRONS
Better Homes and Gardens First Realty Group
List Price
$22,500
Sold Price
$8,200
Premium/Discount to List
-$14,300
-63.56%
Current Estimated Value
$90,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,376
Avg. Annual Appreciation
26.26%

Purchase Details

Listed on
Jan 9, 2015
Closed on
Sep 3, 2015
Sold by
Lahrman Bonnie L
Bought by
Zeusforeclosures Llc
Seller's Agent
Chandra Falcone
Better Homes and Gardens First Realty Group
Buyer's Agent
JONI HIRONS
Better Homes and Gardens First Realty Group
List Price
$22,500
Sold Price
$8,200
Premium/Discount to List
-$14,300
-63.56%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Soutenare Sabrice Sylvain $13,200 --
Zeusforeclosures Llc $8,200 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2015 09/03/15 Sold $8,200 -63.6% $4 / Sq Ft
08/10/2015 08/10/15 Pending -- -- --
01/09/2015 01/09/15 For Sale $22,500 -- $11 / Sq Ft
Source: Richmond Association of REALTORS®

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 $1,062 $53,100 $9,200 $43,900
2023 $934 $46,700 $8,000 $38,700
2022 $942 $47,100 $8,000 $39,100
2021 $874 $43,700 $8,000 $35,700
2020 $874 $43,700 $8,000 $35,700
2019 $604 $30,200 $8,000 $22,200
2018 $825 $30,100 $8,000 $22,100
2017 $599 $29,800 $8,000 $21,800
2016 $763 $36,500 $8,000 $28,500
2014 $766 $36,700 $8,000 $28,700
2013 $766 $35,700 $8,000 $27,700
Source: Public Records

Agents Affiliated with this Home

  • Chandra Falcone

    Seller's Agent in 2015

    Chandra Falcone

    Better Homes and Gardens First Realty Group

    (765) 993-4383

    132 in this area

    185 Total Sales

    Chandra Falcone
    Section Image

  • J

    Buyer's Agent in 2015

    JONI HIRONS

    Better Homes and Gardens First Realty Group

    (765) 969-0466

    13 in this area

    23 Total Sales

    JONI HIRONS
    Section Image
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Map

Source: Richmond Association of REALTORS®

MLS Number: 10024371

APN: 89-18-05-240-551.000-030

Indiana Wayne County Richmond 47374

310 S 7th St Unit 310 1/2 South 7th St, Richmond, IN

Not Listed for Sale

MultiFamily

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