NOT LISTED FOR SALE

324 E 8th St Marion, IN 46953

Downtown Marion Neighborhood

Estimated Value: $60,000 - $83,000

4 Beds
2 Baths
1,344 Sq Ft
$51/Sq Ft Est. Value

Last Sold September 23, 2020

Last sale price $38,000 $28 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $467/month

7 Days on Market

Highlights

  • 0.4 Acre Lot
  • Corner Lot
  • Porch
  • Wood Flooring
  • Picket Fence
  • Patio

About This Home

As of September 2020

INVESTMENT OPPORTUNITY! Duplex, House, & Vacant Lot! Package Buy! All Brick Duplex each side features 2 Beds, 1 Bath, Living Room, & Kitchen w/ Washer & Dryer Hookup. Unit 1 features newer cabinetry, appliances, & bamboo flooring in kitchen. Unit 2 features new central air in 2020 - Unit 2 has had long time tenant in place at $425 per month. Tenants pay their own utilities - all metered separately. Nice Decorative Metal fencing surrounds the side yard. Off Street Parking. Also included in the package is 806 S. McClure Street - home would require some rehabbing & spacious lot with privacy fenced perimeter & gardens. Property is in an estate - to be sold as-is. Loads of potential & turn key to start making money!

Last Agent to Sell the Property

Joe Schroder

RE/MAX Realty One Listed on: 09/08/2020

RE/MAX Realty One

Last Buyer's Agent

Joe Schroder

RE/MAX Realty One Listed on: 09/08/2020

RE/MAX Realty One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $907

Year Built

  • Built in 1975

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 157x110
  • Picket Fence
  • Partially Fenced Property
  • Privacy Fence
  • Aluminum or Metal Fence
  • Landscaped
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1-Story Property
  • Crawl Space
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Washer Hookup

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • On-Street Parking

Outdoor Features

  • Patio
  • Porch

Location

  • Suburban Location

Schools

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

Utilities

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

Listing and Financial Details

  • Homestead Exemption
  • Tenant pays for cable, electric, fuel, sewer, trash collection, water
  • The owner pays for building insurance, lawn maintenance, tax
  • Assessor Parcel Number 27-07-06-404-074.000-002

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Mcclure Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$907

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1975
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 43 1/2 x 136 NE COR LOT 21 MCCLURES ADD & 22 1/2' LOT 21 & ALL LOT 22 MCCLURES ADD
  • Parcel Number ID: 27-07-06-404-074.000-002
  • Platted: Yes
  • Amenities: Cable Available, Cable Ready, Countertops-Laminate, Landscaped, Patio Open, Porch Open, Water Heater Electric, Washer Hook-Up
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Parcel Id2: 270706404080000002
  • Road Access: City
  • Road Surface: Asphalt
  • Special Features: None

Interior Features

  • Total Sq Ft: 1344
  • Total Finished Sq Ft: 1344
  • Above Grade Finished Sq Ft: 1344
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl, Wood
  • Main Level Sq Ft: 1344
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Brick
  • Roof Material: Asphalt, Shingle
  • Fence: Partial, Metal, Picket, Privacy
  • Stories: 1

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 2
  • Parking: Gravel, Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Water Company: Marion Utilities
  • Cable Company: Spectrum
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

  • Elementary School: Frances Slocum/Justice

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 157x110
  • Estimated Lot Sq Ft: 17424
  • Estimated Lot Size Acres: 0.4

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Lawn Maintenance, Tax
  • Tenant Pays: Cable, Electric, Fuel, Sewer, Trash Collection, Water

Tax Info

  • Exemptions: Homestead
  • Annual Property Tax: 906.76

Multi Family

  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 3

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
Sep 8, 2020
Closed on
Sep 17, 2020
Sold by
Smith R Est
Bought by
J E & L Dorcas Jones Ft
Seller's Agent
Joe Schroder
RE/MAX Realty One
Buyer's Agent
Joe Schroder
RE/MAX Realty One
List Price
$49,900
Sold Price
$38,000
Premium/Discount to List
-$11,900
-23.85%
Current Estimated Value
$77,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,343
Avg. Annual Appreciation
11.88%

Purchase Details

Closed on
Jan 6, 2006
Sold by
Smith Nathan
Bought by
Smith Nathan E and Smith Janine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.34%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
J E & L Dorcas Jones Ft -- None Available
Smith Nathan E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Nathan E $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2020 09/23/20 Sold $38,000 -23.8% $28 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $49,900 -- $37 / 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 $800 $40,000 $3,700 $36,300
2023 $848 $42,400 $3,700 $38,700
2022 $848 $42,400 $3,700 $38,700
2021 $966 $48,300 $3,700 $44,600
2020 $589 $49,800 $3,700 $46,100
2019 $587 $49,800 $3,700 $46,100
2018 $584 $49,800 $3,700 $46,100
2017 $468 $37,300 $2,600 $34,700
2016 $466 $37,300 $2,600 $34,700
2014 $462 $37,300 $2,600 $34,700
2013 $462 $37,300 $2,600 $34,700
Source: Public Records

Agents Affiliated with this Home

  • Joe Schroder

    Seller's Agent in 2020

    Joe Schroder

    RE/MAX

    (765) 661-0327

    25 in this area

    694 Total Sales

    Joe Schroder
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202036035

Indiana Regional MLS

APN: 27-07-06-404-074.000-002

Indiana Grant County Marion 46953 Downtown Marion

324 E 8th St, Marion, IN

Not Listed for Sale

MultiFamily

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