NOT LISTED FOR SALE

387 N Main St Upland, IN 46989

Estimated Value: $84,000 - $141,000

3 Beds
3 Baths
1,787 Sq Ft
$63/Sq Ft Est. Value

Last Sold August 20, 2020

Last sale price $55,000 $31 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $717/month

62 Days on Market

Highlights

  • Corner Lot
  • Covered Patio or Porch
  • Eat-In Kitchen
  • Eastbrook High School Rated 9+
  • 2 Car Detached Garage
  • 4-minute walk to Upland Depot Park

About This Home

As of August 2020

Sellers have taken great pride in this 3 unit property. Roof is 1 year old, carpet is 3 years old, updated electric, new paint and is ready for a new owner. Lower units have a newer furnace or the efficiency apartment can use the wall unit for heat and a/c. Each unit has its own gas and electric meters and the landlord paid the water and sewer. One water heater that is a rental. Upper unit rents for 110$ week, both lower units rent for 125$ a week. Front lower unit has a wonderful wrap around front porch over looking Main st. This could be turned back into one large home pretty easy stairs to the upstairs are still there. Lots of storage!

Last Agent to Sell the Property

Cyndi Reneau

Moving Real Estate Listed on: 06/18/2020

Last Buyer's Agent

Linda Kitts

Kitts Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,046

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 56x132
  • Corner Lot

Home Design

  • Triplex
  • Converted Dwelling
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,787 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Washer Hookup
  • Partially Finished Basement

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch
  • Shed

Location

  • Suburban Location

Schools

  • Eastbrook North Elementary School
  • Eastbrook Middle School
  • Eastbrook High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Water Heater Leased

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for sewer, water
  • Assessor Parcel Number 27-09-03-201-004.000-013

Community Details

Overview

  • 3 Units
  • Brown Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,046

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 120
  • Style: Two Story
  • Architectural Style: Converted House
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 19-01-204 Lot 24 Browns Add
  • Parcel Number ID: 27-09-03-201-004.000-013
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen, Porch Covered, Water Heater Electric, Water Heater Rental, Washer Hook-Up
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 91.82
  • Monthly Gross Income: 1400
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 1787
  • Total Finished Sq Ft: 1787
  • Above Grade Finished Sq Ft: 1787
  • Price Per Sq Ft: 30.78
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Wood
  • Roof Material: Asphalt, Shingle
  • Stories: 2
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 192

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 3
  • Parking: Garage, Off Street

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Gas, Forced Air, Wall Heater
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Eastbrook Community
  • Elementary School: Eastbrook North
  • Middle School: Eastbrook
  • High School: Eastbrook
  • Elementary School: Eastbrook North

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 56x132
  • Estimated Lot Sq Ft: 7405
  • Estimated Lot Size Acres: 0.17

Rental Info

  • Owner Pays: Sewer, Water
  • Tenant Pays: Electric, Heating

Multi Family

  • Gross Monthly Rent: 1149
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 2
  • Num Of Efficiencies: 1

Tax Info

  • Annual Property Tax: 1045.68

MLS Schools

  • High School: Eastbrook
  • Middle School: Eastbrook
  • School District: Eastbrook Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2025
Sold by
Carnell James and Carnell Daphne
Bought by
Summit City Investments Inc
Current Estimated Value
$113,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Outstanding Balance
$256,060
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$142,727

Purchase Details

Listed on
Jun 18, 2020
Closed on
Aug 20, 2020
Sold by
Nichols Richard L and Nichols Jean G
Bought by
Carnell James and Carnell Daphne
Seller's Agent
Cyndi Reneau
Moving Real Estate
Buyer's Agent
Linda Kitts
Kitts Realty
List Price
$59,900
Sold Price
$55,000
Premium/Discount to List
-$4,900
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.26%
Original Mortgage
$41,270
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 1999
Sold by
Not Provided
Bought by
Not Provided
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
Summit City Investments Inc -- None Listed On Document
Carnell James -- None Available
Not Provided $50,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Summit City Investments Inc $285,000
Open Summit City Investments Inc $2,752,000
Previous Owner Carnell James $41,270
Previous Owner Nichols Richard L $41,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2020 08/20/20 Sold $55,000 -8.2% $31 / Sq Ft
08/19/2020 08/19/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $59,900 -- $34 / 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 $1,411 $97,200 $13,300 $83,900
2023 $1,455 $99,400 $13,300 $86,100
2022 $1,473 $91,000 $10,000 $81,000
2021 $1,390 $81,300 $10,000 $71,300
2020 $1,179 $74,700 $9,500 $65,200
2019 $1,046 $69,700 $9,500 $60,200
2018 $983 $69,600 $8,700 $60,900
2017 $956 $67,900 $8,700 $59,200
2016 $904 $67,900 $8,700 $59,200
2014 $792 $63,200 $8,700 $54,500
2013 $792 $73,000 $8,700 $64,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202023146

Indiana Regional MLS

APN: 27-09-03-201-004.000-013