NOT LISTED FOR SALE

318 W 7th St Marion, IN 46953

Downtown Marion Neighborhood

Estimated Value: $35,000 - $113,000

4 Beds
4 Baths
2,400 Sq Ft
$36/Sq Ft Est. Value

Last Sold March 13, 2024

Last sale price $30,000 $12 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $486/month

10 Days on Market

Highlights

  • Wood Flooring
  • Covered patio or porch
  • Space Heater
  • Corner Lot
  • Eat-In Kitchen

About This Home

As of March 2024

Are you seeking a diamond in the rough? Look no further! Presenting a 4plex apartment building in need of some TLC, nestled in a prime location with promising potential. * Income Potential: With four units, this property offers multiple streams of rental income, maximizing your investment potential. * Fixer-Upper: Perfect for investors with a vision! This property is in poor condition, presenting an ideal opportunity for renovation and value enhancement. * Spacious Layout: Each unit boasts ample living space, providing comfortable accommodation for tenants.

Last Agent to Sell the Property

Brad Taflinger

The Taflinger Real Estate Group Listed on: 02/13/2024

The Taflinger Real Estate Group

Last Buyer's Agent

Kylie Sonner

Nicholson Realty 2.0 LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $332

Year Built

  • Built in 1880

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 96x66
  • Corner Lot
  • Level Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Wood
  • Brick
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • On-Street Parking

Schools

  • Frances Slocum/Justice Elementary School
  • Mcculloch/Justice Middle School
  • Marion High School

Utilities

  • Multiple Heating Units
  • Space Heater
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Suburban Location

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for cable, electric, heating
  • The owner pays for lawn maintenance, maintenance, sewer, water
  • Assessor Parcel Number 27-07-06-403-028.000-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$332

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1880
  • Age: 144
  • Style: Two Story
  • Architectural Style: Foursquare
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: 16-02-272.01 PT W SE SEC 6 .17 A MP 0706-403-028.000
  • Parcel Number ID: 27-07-06-403-028.000-002
  • Platted: Yes
  • Amenities: Cable Ready, Countertops-Laminate, Eat-In Kitchen, Porch Covered, Water Heater Electric
  • Location: City/Town/Suburb
  • Sp Lp Percent: 188.68
  • Year Taxes Payable: 2023
  • Special Features: 1028

Interior Features

  • Total Sq Ft: 2400
  • Total Finished Sq Ft: 2400
  • Above Grade Finished Sq Ft: 2400
  • Price Per Sq Ft: 12.5
  • Basement Foundation: Crawl
  • Flooring: Wood, Vinyl, Brick

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Asphalt, Shingle, Dimensional Shingles
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Street

Utilities

  • Heating Fuel: Space, Multiple Heating Systems
  • Sewer: City
  • Water Utilities: City
  • Water Company: Marion Utilities

Schools

  • School District: Marion Community Schools
  • Elementary School: Frances Slocum/Justice
  • Middle School: McCulloch/Justice
  • High School: Marion
  • Elementary School: Frances Slocum/Justice

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 96X66
  • Estimated Lot Sq Ft: 7405
  • Estimated Lot Size Acres: 0.17

Rental Info

  • Owner Pays: Lawn Maintenance, Maintenance, Sewer, Water
  • Tenant Pays: Cable, Electric, Heating

Tax Info

  • Total Assessed Value: 27200

Multi Family

  • Number Of Units: 4
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Number Of 4 Bedrooms: 1

MLS Schools

  • High School: Marion
  • Middle School: McCulloch/Justice
  • School District: Marion Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2024
Closed on
Mar 12, 2024
Sold by
Us Bank National Association and Bayview Fin'L Mtg Pass-Through
Bought by
Building Legacys Incorporation Llc
Seller's Agent
Brad Taflinger
The Taflinger Real Estate Group
Buyer's Agent
Kylie Sonner
Nicholson Realty 2.0 LLC
List Price
$15,900
Sold Price
$30,000
Premium/Discount to List
$14,100
88.68%
Total Days on Market
10
Views
38
Current Estimated Value
$86,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,252
Avg. Annual Appreciation
137.65%

Purchase Details

Closed on
Oct 18, 2023
Sold by
Sheriff Of Grant County
Bought by
Bayview Financial Mortgage Pass-Through Trust and Ellis
Source: Public Records

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Range of Values:

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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
Building Legacys Incorporation Llc $30,000 None Listed On Document
Bayview Financial Mortgage Pass-Through Trust $49,575 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ellis Alfred B $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2024 03/13/24 Sold $30,000 +88.7% $13 / Sq Ft
02/23/2024 02/23/24 Pending -- -- --
02/13/2024 02/13/24 For Sale $15,900 -- $7 / 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 $332 $16,600 $4,400 $12,200
2023 $544 $27,200 $4,400 $22,800
2022 $544 $27,200 $4,400 $22,800
2021 $556 $27,800 $4,400 $23,400
2020 $556 $27,800 $4,400 $23,400
2019 $556 $27,800 $4,400 $23,400
2018 $554 $27,700 $4,400 $23,300
2017 $490 $24,500 $4,400 $20,100
2016 $490 $24,500 $4,400 $20,100
2014 $490 $24,500 $4,400 $20,100
2013 $490 $24,500 $4,400 $20,100
Source: Public Records

Agents Affiliated with this Home

  • Brad Taflinger

    Seller's Agent in 2024

    Brad Taflinger

    The Taflinger Real Estate Group

    (765) 748-2104

    1 in this area

    392 Total Sales

    Brad Taflinger
    Section Image
  • Kylie Sonner

    Buyer's Agent in 2024

    Kylie Sonner

    Nicholson Realty 2.0 LLC

    (765) 661-5715

    2 in this area

    103 Total Sales

    Kylie Sonner
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202405108

Indiana Regional MLS

APN: 27-07-06-403-028.000-002

Indiana Grant County Marion 46953 Downtown Marion

318 W 7th St, Marion, IN

This home is located at 318 W 7th St, Marion, IN 46953 since 13 February 2024 and is currently estimated at $86,252, approximately $35 per square foot. This property was built in 1880. 318 W 7th St is a home located in Grant County with nearby schools including Riverview Elementary School, Justice Thurgood Marshall Intermediate School, and John L. McCulloch Junior 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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