NOT LISTED FOR SALE

357 W Walnut St Nappanee, IN 46550

Estimated Value: $145,000 - $234,000

4 Beds
2 Baths
2,040 Sq Ft
$90/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $110,000 $54 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $1,129/month

33 Days on Market

Highlights

  • Eat-In Kitchen
  • Shed
  • Forced Air Heating System
  • NorthWood High School Rated A-
  • Kitchen Island
  • Carpet

About This Home

As of September 2020

Investment Opportunity. Live in one side and rent out the other. Duplex with 3 bedroom unit and 1 bedroom unit. Great layout and well maintained. Newer metal roof. 1 bedroom apt is currently vacant and move in ready.

Last Listed By

Travis Bontrager

Bontrager Realty, LLC Listed on: 07/29/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,587

Year Built

  • Built in 1890

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 68x78

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Metal Roof

Interior Spaces

  • 1.5-Story Property

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Michigan Basement
  • Sump Pump
  • Crawl Space

Outdoor Features

  • Shed

Schools

  • Nappanee Elementary School
  • Northwood Middle School
  • Northwood High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for lawn maintenance, snow removal
  • The owner pays for building insurance, electric, fuel, maintenance, sewer, tax, water
  • Assessor Parcel Number 20-13-36-278-001.000-021

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $1,200
  • Insurance Expense $1,000
  • Water Sewer Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,587

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1890
  • Age: 130
  • Style: One and Half Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: FAHLSTROMS 2ND EX S 55FT; LOT 36; (TIF 119)
  • Parcel Number ID: 20-13-36-278-001.000-021
  • Platted: Yes
  • Amenities: Eat-In Kitchen, Kitchen Island, Water Heater Gas, Sump Pump
  • Inside City Limits: Yes
  • Sp Lp Percent: 91.74
  • Monthly Gross Income: 1425
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 2562
  • Total Finished Sq Ft: 2040
  • Above Grade Finished Sq Ft: 2040
  • Below Grade Sq Ft: 522
  • Price Per Sq Ft: 53.92
  • Basement: Yes
  • Basement Foundation: Crawl, Michigan Basement
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 522
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Metal
  • Stories: 1.5
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 80

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1200
  • Annual Fuel Expense: 1200
  • Annual Insurance Expense: 1000
  • Annual Water Sewer Expense: 1500
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Schools

  • School District: Wa-Nee Community Schools
  • Elementary School: Nappanee
  • Middle School: NorthWood
  • High School: NorthWood
  • Elementary School: Nappanee

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 68x78
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Electric, Fuel, Maintenance, Sewer, Tax, Water
  • Tenant Pays: Lawn Maintenance, Snow Removal

Multi Family

  • Gross Monthly Rent: 1425
  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1587

MLS Schools

  • High School: NorthWood
  • Middle School: NorthWood
  • School District: Wa-Nee Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2022
Sold by
Cross Jaymison
Bought by
Detweiler Sovilla R
Total Days on Market
33
Current Estimated Value
$182,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Outstanding Balance
$117,162
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$70,202

Purchase Details

Listed on
Jul 29, 2020
Closed on
Oct 8, 2020
Sold by
Adamantium Investments 01 Llc
Bought by
Cross Jaymison and Cross Charles
Seller's Agent
Travis Bontrager
Bontrager Realty, LLC
Buyer's Agent
Teresa Bakehorn
Our House Real Estate
List Price
$119,900
Sold Price
$110,000
Premium/Discount to List
-$9,900
-8.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.30%

Purchase Details

Listed on
Jul 29, 2020
Closed on
Oct 1, 2020
Sold by
Martin Gary G and Martin Phoebe J
Bought by
Adamantium Investments 01 Llc
Seller's Agent
Travis Bontrager
Bontrager Realty, LLC
Buyer's Agent
Teresa Bakehorn
Our House Real Estate
List Price
$119,900
Sold Price
$110,000
Premium/Discount to List
-$9,900
-8.26%

Purchase Details

Listed on
Jul 29, 2020
Closed on
Sep 30, 2020
Sold by
Adamantium Investments 01 Llc
Bought by
Cross Jaymison and Cross Charles
Seller's Agent
Travis Bontrager
Bontrager Realty, LLC
Buyer's Agent
Teresa Bakehorn
Our House Real Estate
List Price
$119,900
Sold Price
$110,000
Premium/Discount to List
-$9,900
-8.26%

Purchase Details

Closed on
Jul 17, 2002
Sold by
Lau Kwok Ying
Bought by
Martin Gary G and Martin Phoebe J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.79%

Range of Values:

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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
Detweiler Sovilla R -- Centurion Land Title
Cross Jaymison -- Drake Andrew R
Adamantium Investments 01 Llc -- Drake Andrew R
Adamantium Investments 01 Llc -- Drake Andrew R
Cross Jaymison -- Drake Andrew R
Martin Gary G -- Stewart Title Of Elkhart Of
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Detweiler Sovilla R $120,000
Previous Owner Martin Gary G $90,000
Previous Owner Martin Gary G $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $110,000 -8.3% $54 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
07/29/2020 07/29/20 For Sale $119,900 -- $59 / 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 $1,341 $134,100 $11,400 $122,700
2022 $1,341 $120,500 $11,400 $109,100
2021 $2,379 $114,500 $11,400 $103,100
2020 $1,584 $76,100 $11,800 $64,300
2019 $1,586 $76,100 $11,800 $64,300
2018 $1,588 $76,000 $11,800 $64,200
2017 $1,507 $75,200 $11,800 $63,400
2016 $1,115 $55,600 $11,800 $43,800
2014 $1,083 $53,900 $11,800 $42,100
2013 $1,083 $53,900 $11,800 $42,100
Source: Public Records

Agents Affiliated with this Home

  • Travis Bontrager

    Seller's Agent in 2020

    Travis Bontrager

    Bontrager Realty, LLC

    (574) 238-5912

    170 Total Sales

    Travis Bontrager
    Section Image
  • Teresa Bakehorn

    Buyer's Agent in 2020

    Teresa Bakehorn

    Our House Real Estate

    (574) 551-2601

    628 Total Sales

    Teresa Bakehorn
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202029500

Indiana Regional MLS

APN: 20-13-36-278-001.000-021

Indiana Elkhart County Nappanee 46550

357 W Walnut St, Nappanee, IN

Homes for Sale in Nappanee, IN

This home is located at 357 W Walnut St, Nappanee, IN 46550 since 29 July 2020 and is currently estimated at $182,632, approximately $89 per square foot. This property was built in 1890. 357 W Walnut St is a home located in Elkhart County with nearby schools including NorthWood High School, South Side Christian School, and Sunny Meadow Amish 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.