NOT LISTED FOR SALE

311 W Franklin St Spencer, IN 47460

Estimated Value: $139,620 - $173,000

4 Beds
2 Baths
874 Sq Ft
$186/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $150,000 $172 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,093/month

Highlights

  • Laundry in Utility Room
  • Ceiling Fan
  • Carpet
  • Central Air
  • 2 Car Garage
  • 4-minute walk to McCormick's Creek State Park

About This Home

As of March 2022

Investor opportunity or live in one unit and rent the other two units. This is a duplex with a carport on each end along with a mobile home that is also rented. All units are currently rented for 650.00 per month.

Last Listed By

BLOOM NonMember

NonMember BL Listed on: 03/25/2022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,370

Year Built

  • Built in 1950

Lot Details

  • 0.28 Acre Lot
  • Irregular Lot

Home Design

  • Slab Foundation
  • Poured Concrete
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 874 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Carpet
  • Laminate Countertops
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • Carport
  • Stone Driveway
  • Gravel Driveway

Location

  • Suburban Location

Schools

  • Spencer Elementary School
  • Owen Valley Middle School
  • Owen Valley High School

Utilities

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

Listing and Financial Details

  • Tenant pays for electric, heating, sewer, water
  • Assessor Parcel Number 60-10-20-400-400.306-028

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,500
  • Maintenance Expense $3,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,370

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1950
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Wolfs Lot 2 PT Lot 3 0.28A
  • Parcel Number ID: 60-10-20-400-400.306-028
  • Platted: Yes
  • Amenities: Ceiling Fan, Countertops-Laminate, Water Heater Electric
  • Cross Street: West
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 88.24
  • Zoning Description: Residential 2 family dwelling
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 1950
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 874
  • Total Finished Sq Ft: 874
  • Above Grade Finished Sq Ft: 874
  • Price Per Sq Ft: 171.62
  • Basement Foundation: Slab
  • Basement Material: Poured Concrete
  • Flooring: Carpet
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Block
  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

  • Driveway: Stone
  • Number Of Parking Spaces: 4
  • Parking: Gravel, Private

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: Community NatGas(Spencer)
  • Water Company: BBP
  • Cable Company: Comcast
  • Annual Insurance Expense: 1500
  • Annual Maintenance Expense: 3000
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 3
  • Number Water Meters: 3

Schools

  • School District: Spencer-Owen Community Schools
  • Elementary School: Spencer
  • Middle School: Owen Valley
  • High School: Owen Valley
  • Elementary School: Spencer

Lot Info

  • Lot Description: Irregular
  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 12197
  • Estimated Lot Size Acres: 0.28

Rental Info

  • Lease Term: Month to Month
  • Tenant Pays: Electric, Heating, Sewer, Water

Multi Family

  • Gross Monthly Rent: 1950
  • Number Of Dryers: 2
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 3
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1370

MLS Schools

  • High School: Owen Valley
  • Middle School: Owen Valley
  • School District: Spencer-Owen Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2022
Closed on
Mar 25, 2022
Sold by
May Edward E
Bought by
Chalfant Todd M and Chalfant Sheryl L
Seller's Agent
BLOOM NonMember
NonMember BL
Buyer's Agent
Deborah Foutch
Owen County Home Company
List Price
$170,000
Sold Price
$150,000
Premium/Discount to List
-$20,000
-11.76%
Total Days on Market
0
Current Estimated Value
$162,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,155
Avg. Annual Appreciation
2.49%

Purchase Details

Closed on
Jun 3, 2020
Sold by
Promise Land Investors Llc
Bought by
May Edward E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,338
Interest Rate
3.3%
Mortgage Type
Commercial

Range of Values:

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Average Value
Not Available
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
Chalfant Todd M -- None Listed On Document
May Edward E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner May Edward E $44,338
Previous Owner Promise Land Investors Llc $50,000
Previous Owner Promise Land Investors Llc $23,064
Previous Owner Promose Land Investors Llc $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $150,000 0.0% $172 / Sq Ft
03/25/2022 03/25/22 Sold $150,000 -11.8% $172 / Sq Ft
03/25/2022 03/25/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $170,000 -5.6% $195 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $180,000 -- $206 / 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 $2,218 $110,900 $17,000 $93,900
2023 $1,744 $87,200 $17,000 $70,200
2022 $1,324 $66,200 $17,000 $49,200
2021 $1,386 $69,300 $17,000 $52,300
2020 $1,358 $67,900 $17,000 $50,900
2019 $1,258 $62,900 $17,000 $45,900
2018 $1,180 $59,000 $17,000 $42,000
2017 $1,274 $63,700 $22,100 $41,600
2016 $1,274 $63,700 $22,100 $41,600
2014 $1,116 $55,800 $22,100 $33,700
2013 -- $55,400 $22,100 $33,300
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    BLOOM NonMember

    NonMember BL

  • Justin Bennett

    Seller's Agent in 2022

    Justin Bennett

    Bennett Realty

    (765) 318-5999

    332 Total Sales

    Section Image

  • A

    Seller Co-Listing Agent in 2022

    Ashley Bennett

    Bennett Realty

  • D

    Buyer's Agent in 2022

    Deborah Foutch

    Owen County Home Company

    (812) 821-7005

    143 Total Sales

    Deborah Foutch
    Section Image

  • N

    Buyer's Agent in 2022

    Non-BLC Member

    MIBOR REALTOR® Association

    (317) 956-1912

    Non-BLC Member
    Section Image

  • I

    Buyer's Agent in 2022

    IUO Non-BLC Member

    Non-BLC Office

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Map

Source: Indiana Regional MLS

MLS Number: 202210439

Indiana Regional MLS

APN: 60-10-20-400-400.306-028

Indiana Owen County Spencer 47460

311 W Franklin St, Spencer, IN

Homes for Sale in Spencer, IN

This home is located at 311 W Franklin St, Spencer, IN 47460 since 25 March 2022 and is currently estimated at $162,155, approximately $185 per square foot. This property was built in 1950. 311 W Franklin St is a home located in Owen County with nearby schools including Owen Valley Community High School and La Campagne Christian Prep 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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