$150,000
SOLD MAR 25, 2022

311 W Franklin St Spencer, IN 47460

-- Bed
-- Bath
874 Sq Ft
0.28 Acres

Recently Sold

$172 Per Sq Ft

17% Below List Price

35 Days on Market

Highlights

  • Traditional Architecture
  • 1-Story Property
  • 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 2. This is a duplex with a carport on each end along with a mobile home that is also rented. All units are currently rented.

Last Agent to Sell the Property

Justin Bennett

Bennett Realty

Co-Listed By

Ashley Bennett

Bennett Realty

Last Buyer's Agent

Non-BLC Member

MIBOR REALTOR® Association

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,358

Year Built

  • Built in 1950

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Additional Features

  • 1-Story Property
  • 0.28 Acre Lot

Community Details

  • Wolfs Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance, water
  • The owner pays for insurance, sewer
  • Assessor Parcel Number 601020400400306028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,358

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1950
  • Co List Office Phone: 317-831-1313
  • Lot Size Acres: 0.28
  • Subdivision Name: WOLFS
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: Insurance, Sewer
  • Sq Ft Main Upper: 0
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • List Price: 170000

Garage/Parking

  • Unit Parking: Covered

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 0

Lot Info

  • Parcel Number: 601020400400306028
  • Acres: 1/4-1/2 Acre
  • Lot Information: Access Street
  • Lot Number: 2 and 3
  • Lot Size: 12,197

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance, Water

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1358
  • Semi Annual Property Tax Amt: 679
  • Tax Exemption: None

MLS Schools

  • School District: Spencer-Owen Community

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
35
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

Map

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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $44,338 Commercial
Previous Owner $50,000 Commercial
Previous Owner $23,064 Commercial
Previous Owner $15,000 Commercial
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: MIBOR Broker Listing Cooperative®

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

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21835926

MIBOR Broker Listing Cooperative®

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