NOT LISTED FOR SALE

324 S Main St Spencer, IN 47460

Estimated Value: $210,000 - $252,000

3 Beds
3 Baths
1,896 Sq Ft
$121/Sq Ft Est. Value

Last Sold January 31, 2019

Last sale price $50,000 $26 Per Sq Ft

Est. 361% increase in value since last sale

Current estimated payment $1,489/month

86 Days on Market

Highlights

  • Covered Patio or Porch
  • Eat-In Kitchen
  • Level Lot
  • Fenced Yard
  • Forced Air Heating and Cooling System
  • 5-minute walk to McCormick's Creek State Park

About This Home

As of January 2019

INVESTMENT PROPERTY!! This two story income producing house features 3-1 BD apartments!! Each apartment includes a living room, bedroom, full bath, and kitchen with appliances. The house includes a fenced back yard and two covered porches. This property is conveniently located near restaurants, shopping boutiques, the post office, the library and the White River Cooper Park. One apartment is currently rented month to month, but the other 2 apartments are ready for occupancy! Owner will only consider cash offers, NO contracts or financing.

Last Buyer's Agent

Trent Keith

Keith Realty & Auction Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $874

Year Built

  • Built in 1930

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 68 x 126
  • Fenced Yard
  • Partially Fenced Property
  • Wood Fence
  • Level Lot

Home Design

  • Triplex
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Eat-In Kitchen
  • Laundry in Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Basement

  • Stone or Rock in Basement
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Homestead Exemption
  • Tenant pays for cable
  • The owner pays for building insurance, cooling, electric, heating, lawn maintenance, maintenance, sewer, snow removal, tax, trash collection, water
  • Assessor Parcel Number 60-10-20-400-400.688-028

Community Details

Overview

  • 3 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Fuel Expense $1,200
  • Insurance Expense $466
  • Maintenance Expense $482
  • Trash Expense $2,400
  • Water Sewer Expense $360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$874

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1930
  • Style: Two Story
  • Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Town of Spencer Lot 154 |
  • Parcel Number ID: 60-10-20-400-400.688-028
  • Platted: Yes
  • Amenities: Fenced Yard, Off Street Parking, Detector-Smoke, Eat-In Kitchen, Porch Covered, Water Heater Electric
  • Grid: Spencer(OW)
  • Location: City/Town/Suburb
  • Special Features: None

Interior Features

  • Total Sq Ft: 1896
  • Total Finished Sq Ft: 1896
  • Above Grade Finished Sq Ft: 1896
  • Basement Foundation: Crawl
  • Basement Material: Stone
  • Flooring: Carpet, Laminate
  • Main Level Sq Ft: 1284
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt
  • Fence: Partial, Wood
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 4
  • Parking: Gravel, Off Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: Community NatGas(Spencer)
  • Water Company: BBP
  • Cable Company: DirectTV
  • Annual Electric: 2400
  • Annual Fuel Expense: 1200
  • Annual Insurance Expense: 466
  • Annual Maintenance Expense: 482
  • Annual Trash Expense: 2400
  • Annual Water Sewer Expense: 360
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Lot Info

  • Lot Description: Level, Flood Plain
  • Lot Dimensions: 68 x 126
  • Estimated Lot Sq Ft: 8276
  • Estimated Lot Size Acres: 0.19
  • Lot Number: 154

Rental Info

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

Tax Info

  • Exemptions: Homestead, Mortgage
  • Annual Property Tax: 873.78

Multi Family

  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2018
Closed on
Jan 31, 2019
Sold by
Huntzinger Mark D
Bought by
Jacob Huntzinger Kyle
Buyer's Agent
Trent Keith
Keith Realty & Auction Group
List Price
$70,000
Sold Price
$50,000
Premium/Discount to List
-$20,000
-28.57%
Current Estimated Value
$230,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,333
Avg. Annual Appreciation
24.46%
Interest Rate
4.46%

Purchase Details

Listed on
Oct 15, 2018
Closed on
Jan 23, 2019
Sold by
Huntzinger Kyle Jacob
Bought by
Thk Investments Llc
Buyer's Agent
Trent Keith
Keith Realty & Auction Group
List Price
$70,000
Sold Price
$50,000
Premium/Discount to List
-$20,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.46%

Purchase Details

Listed on
Oct 15, 2018
Closed on
Jan 17, 2019
Sold by
Mdh Investments Llc
Bought by
Huntzinger Kyle Jacob
Buyer's Agent
Trent Keith
Keith Realty & Auction Group
List Price
$70,000
Sold Price
$50,000
Premium/Discount to List
-$20,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.46%

Purchase Details

Closed on
Oct 27, 2010
Sold by
Huntzinger Mark D
Bought by
Huntzingger Kyle Jacob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
4.23%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 16, 2010
Sold by
State Farm Bank Fsb
Bought by
Mdh Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
4.23%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 17, 2009
Sold by
Chappell Gwynne Austin and Chappell Michelle Renae
Bought by
State Farm Bank Fsb
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
Jacob Huntzinger Kyle $38,000 --
Thk Investments Llc $50,000 Languell Abstract & Title Corp
Huntzinger Kyle Jacob -- None Available
Huntzingger Kyle Jacob $38,000 None Available
Mdh Investments Llc -- Prism Title And Closing Serv
State Farm Bank Fsb $88,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jacob Huntzinger Kyle --
Previous Owner Huntzingger Kyle Jacob $38,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2019 01/31/19 Sold $50,000 -16.5% $26 / Sq Ft
01/09/2019 01/09/19 Pending -- -- --
11/21/2018 11/21/18 Price Changed $59,900 -14.4% $32 / Sq Ft
10/15/2018 10/15/18 For Sale $70,000 -- $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 $3,518 $175,900 $12,900 $163,000
2023 $3,266 $163,000 $12,900 $150,100
2022 $2,559 $127,500 $12,900 $114,600
2021 $2,620 $130,600 $12,900 $117,700
2020 $2,456 $122,400 $12,900 $109,500
2019 $1,098 $112,700 $12,900 $99,800
2018 $993 $106,100 $12,900 $93,200
2017 $873 $100,900 $16,700 $84,200
2016 $842 $100,900 $16,700 $84,200
2014 $835 $98,800 $16,700 $82,100
2013 -- $98,000 $16,700 $81,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201846446

Indiana Regional MLS

APN: 60-10-20-400-400.688-028