NOT LISTED FOR SALE

3491 W 900 S Fairmount, IN 46928

Estimated Value: $103,000 - $139,000

4 Beds
2 Baths
840 Sq Ft
$143/Sq Ft Est. Value

Last Sold December 01, 2023

Last sale price $96,000 $114 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $752/month

237 Days on Market

Highlights

  • Hot Water Heating System
  • Carpet
  • 1-Story Property

About This Home

As of December 2023

Fabulous investment opportunity with with duplex. Each unit offers 2 bedrooms, 1 bath, parking for each, fenced in yard, outbuilding all located on a 1 acre lot.

Last Agent to Sell the Property

Gina Key

The Hardie Group Brokerage Phone: 765-457-7214 Listed on: 02/28/2023

Last Buyer's Agent

RACI NonMember

NonMember RACI

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 1971

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 312 x 104
  • Irregular Lot

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 840 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Park Elementary School
  • Madison Grant Middle School
  • Madison Grant High School

Utilities

  • Hot Water Heating System
  • Well
  • Septic System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for maintenance, tax
  • Assessor Parcel Number 27-11-28-100-003.001-015

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Trash Expense $600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,200

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1971
  • Age: 52
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOT 1 CHESTER BOOTH ADDITION; BEING 1.000A; EX 2921 SQ FT R-O-W
  • Parcel Number ID: 27-11-28-100-003.001-015
  • Platted: Yes
  • Sp Lp Percent: 91.52
  • Annual Miscellaneous: 1500
  • Monthly Gross Income: 985
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 840
  • Total Finished Sq Ft: 840
  • Above Grade Finished Sq Ft: 840
  • Price Per Sq Ft: 114.29
  • Basement Foundation: Crawl
  • Flooring: Carpet, Laminate
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Electricity, Hot Water
  • Sewer: Septic
  • Water Utilities: Well
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 1000
  • Annual Trash Expense: 600

Schools

  • School District: Madison-Grant United School Corp.
  • Elementary School: Park
  • Middle School: Madison Grant
  • High School: Madison Grant
  • Elementary School: Park

Lot Info

  • Lot Description: Irregular
  • Lot Dimensions: 312 x 104
  • Estimated Lot Sq Ft: 43560
  • Estimated Lot Size Acres: 1

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Maintenance, Tax
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 985
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1200

MLS Schools

  • High School: Madison Grant
  • Middle School: Madison Grant
  • School District: Madison-Grant United School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2023
Closed on
Dec 1, 2023
Sold by
Myers Manuel
Bought by
Thompson Wesley and Thompson Sarah
Seller's Agent
Gina Key
The Hardie Group
Buyer's Agent
RACI NonMember
NonMember RACI
List Price
$110,000
Sold Price
$96,000
Premium/Discount to List
-$14,000
-12.73%
Views
406
Current Estimated Value
$119,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,773
Avg. Annual Appreciation
13.06%
Original Mortgage
$96,000
Outstanding Balance
$93,136
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$25,139

Purchase Details

Closed on
Jun 12, 2015
Sold by
Siobud Development Llc
Bought by
Myers Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,677
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 23, 2007
Sold by
Shugart Steven M
Bought by
Siobud Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.38%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

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
Thompson Wesley $96,000 None Listed On Document
Myers Manuel -- None Available
Siobud Development Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Wesley $96,000
Previous Owner Myers Manuel $71,677
Previous Owner Siobud Development Llc $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2023 12/01/23 Sold $96,000 -8.5% $114 / Sq Ft
05/18/2023 05/18/23 Price Changed $104,900 -4.6% $125 / Sq Ft
02/28/2023 02/28/23 For Sale $110,000 -- $131 / 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 $1,155 $111,300 $16,000 $95,300
2023 $1,154 $112,400 $16,000 $96,400
2022 $1,176 $104,500 $15,100 $89,400
2021 $1,200 $100,100 $15,100 $85,000
2020 $996 $95,600 $14,400 $81,200
2019 $933 $89,300 $14,400 $74,900
2018 $868 $84,400 $12,000 $72,400
2017 $848 $83,800 $12,000 $71,800
2016 $232 $86,200 $12,000 $74,200
2014 $692 $80,800 $12,000 $68,800
2013 $692 $79,200 $12,000 $67,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202305702

Indiana Regional MLS

APN: 27-11-28-100-003.001-015