NOT LISTED FOR SALE

372 Sherman St Wabash, IN 46992

Estimated Value: $118,071 - $260,000

14 Beds
8 Baths
7,357 Sq Ft
$23/Sq Ft Est. Value

Last Sold January 03, 2020

Last sale price $120,000 $16 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,052/month

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Level Lot
  • Enclosed Patio or Porch
  • Ceiling Fan
  • Wood Siding

About This Home

As of January 2020

372-374 Sherman St consist of 1 small 1 bedroom home and a 4-unit apartment building with each unit having 2 bedrooms and one bath. 347-349 W Hill St consist of a large two story building with 3 units in it. 1- one bedroom and 2- two bedroom units in fair condition. Both sold as one sale price, however buyers put most of the value on the Sherman St properties.

Last Agent to Sell the Property

Robert Lundquist

Lundquist Appraisals & Real Estate Listed on: 12/09/2019

Last Buyer's Agent

Robert Lundquist

Lundquist Appraisals & Real Estate Listed on: 12/09/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.49 Acre Lot
  • Lot Dimensions are 61 x 209 66 x 132
  • Level Lot

Home Design

  • Property Attached
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Rubber Roof
  • Wood Siding
  • Block Exterior
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Full Bathrooms

Partially Finished Basement

  • Stone or Rock in Basement
  • Crawl Space

Parking

  • 10 Parking Spaces
  • Stone Driveway
  • Unpaved Parking
  • Off-Street Parking

Schools

  • Oj Neighbors Elementary School
  • Wabash Middle School
  • Wabash High School

Utilities

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

Additional Features

  • Enclosed Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, electric, heating
  • The owner pays for lawn maintenance, maintenance, snow removal, sewer, water
  • Assessor Parcel Number 85-14-02-301-099.000-009

Community Details

Overview

  • 3 Buildings
  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,500
  • Maintenance Expense $1,491
  • Water Sewer Expense $2,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1965
  • Age: 54
  • Style: Attached
  • Bedrooms: 14
  • Number Above Grade Bedrooms: 14
  • Total Bathrooms: 8
  • Total Full Bathrooms: 8
  • Legal Description: Pt SW1/4 2-27-6 .29 ac & Siveys Exc W 5' Lot 8
  • Parcel Number ID: 85-14-02-301-099.000-009
  • Platted: Yes
  • Amenities: Ceiling Fan, Cable Ready, Detector-Smoke, Porch Covered, Porch Enclosed, Water Heater Gas
  • Cross Street: Alber St
  • Location: City/Town/Suburb
  • Parcel Id2: 851440402111000009
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 100
  • Monthly Gross Income: 3640
  • Year Taxes Payable: 2018 pay 2019
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 7642
  • Total Finished Sq Ft: 7357
  • Above Grade Finished Sq Ft: 7357
  • Below Grade Sq Ft: 285
  • Price Per Sq Ft: 16.31
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Slab, Unfinished
  • Basement Material: Stone
  • Flooring: Carpet, Vinyl, Wood
  • Main Level Sq Ft: 5658
  • Total Below Grade Sq Ft: 285
  • Number Of Ranges Ovens: 8

Exterior Features

  • Exterior: Aluminum, Block, Vinyl, Wood
  • Roof Material: Asphalt, Rubber, Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Stone
  • Number Of Parking Spaces: 10
  • Parking: Off Street, Unpaved

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: NIPSCO
  • Water Company: Indiana American Water Co
  • Cable Company: Cinergy MetroNet, Comcast
  • Annual Insurance Expense: 2500
  • Annual Maintenance Expense: 1491
  • Annual Water Sewer Expense: 2600
  • Number Electric Meters: 8
  • Number Gas Meters: 8
  • Number Of W D Hookups: 8
  • Number Water Meters: 2

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

  • School District: Wabash City Schools
  • Elementary School: OJ Neighbors
  • Middle School: Wabash
  • High School: Wabash
  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 61 x 209 66 x 132
  • Estimated Lot Sq Ft: 21344
  • Estimated Lot Size Acres: 0.49

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Lawn Maintenance, Maintenance, Snow Removal, Sewer, Water
  • Tenant Pays: Cable, Electric, Heating

Multi Family

  • Gross Monthly Rent: 3640
  • Number Of Dryers: 10
  • Number Of Refrigerators: 8
  • Number Of Units: 8
  • Number Of Washers: 10
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 6
  • Num Of Units Rented: 6

Tax Info

  • Annual Property Tax: 3296.98

MLS Schools

  • High School: Wabash
  • Middle School: Wabash
  • School District: Wabash City Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2019
Closed on
Jan 3, 2020
Sold by
Winer Isaac M and Winer Bethany C
Bought by
Coffman Holdings Llc
Seller's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
Buyer's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
List Price
$120,000
Sold Price
$120,000
Current Estimated Value
$170,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,768
Avg. Annual Appreciation
6.38%
Original Mortgage
$100,000
Outstanding Balance
$70,936
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$100,209
Source: Public Records

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
Coffman Holdings Llc $61,000 Wabash Valley Abstract, Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coffman Holdings Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2020 01/03/20 Sold $120,000 0.0% $16 / Sq Ft
12/09/2019 12/09/19 Pending -- -- --
12/09/2019 12/09/19 For Sale $120,000 -- $16 / 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 $1,750 $87,500 $28,100 $59,400
2023 $1,762 $88,100 $28,100 $60,000
2022 $1,762 $88,100 $28,100 $60,000
2021 $1,674 $83,700 $28,100 $55,600
2020 $1,674 $83,700 $28,100 $55,600
2019 $1,674 $83,700 $28,100 $55,600
2018 $1,674 $83,700 $28,100 $55,600
2017 $1,784 $88,000 $28,100 $59,900
2016 $1,812 $89,300 $28,100 $61,200
2014 $1,694 $88,700 $28,100 $60,600
2013 $1,790 $89,400 $28,100 $61,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201952234

Indiana Regional MLS

APN: 85-14-02-301-099.000-009