NOT LISTED FOR SALE

399 N Water St Franklin, IN 46131

Estimated Value: $215,000 - $276,000

3 Beds
1 Bath
2,348 Sq Ft
$101/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $220,000 $94 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,626/month

2 Days on Market

About This Home

As of May 2022

Great income producing opportunity in Franklin - two parcels including three rental units. 399 N Water is a 3BR 1.5 BA single family home. Directly behind it on 147 Cincinnati St, sits two apartments - one upstairs and one downstairs. Upstairs apartment is 1BR 1BA and bottom apartment is 2BR 1 BA. Large shared parking area for all three units. Long-term tenants in place. Seller will NOT consider dividing units - must purchase as a package. Range ovens and refrigerators in all three units convey with property. Washer and Dryer in single family home are excluded.

Last Agent to Sell the Property

Debra Brown-Nally

Carpenter, REALTORS® Listed on: 05/03/2022

Carpenter, REALTORS®

Last Buyer's Agent

Kevin Good

Fathom Realty

Fathom Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,064

Year Built

  • Built in 1910

Lot Details

  • 0.27

Home Design

  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 0.27 Acre Lot
  • Suburban Location
  • Basement

Listing and Financial Details

  • Tenant pays for rent only
  • The owner pays for inshazard, insurance, taxes, sewer, all utilities, water
  • Assessor Parcel Number 410814042047000009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,064

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1910
  • Lot Size Acres: 0.27
  • Road Frontage Type: City Street
  • Structure Type: Duplex, FreeStand
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 3
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: InsHazard, Insurance, Insurance, Taxes, Sewer, All Utilities, Water
  • Possible Use: Residential
  • Sq Ft Main Upper: 0
  • Laundry: Connections Some

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Not Applicable
  • Foundation Details: Block
  • List Price: 250000
  • Roof: Single family home-2007 Apartments-2001

Garage/Parking

  • Unit Parking: Paved Area
  • Parking Spacesper Unit: 2.1000

Utilities

  • Solid Waste: 0
  • HVAC: Single family home-2010

Fee Information

  • Expenses: 16226
  • Insurance Expenses: 1256

Lot Info

  • Property Attached Yn: Yes
  • Current Use: Residential
  • Parcel Number: 410814042047000009
  • Acres: 1/4-1/2 Acre
  • Lot Information: Suburban
  • Lot Number: 3 and 4
  • Lot Size: 7693

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Rent Only

Multi Family

  • Net Operating Income: 13414
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 5064
  • Semi Annual Property Tax Amt: 2532
  • Tax Exemption: None
  • Multiple Tax I D: 410814042047001009

MLS Schools

  • School District: Franklin Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2022
Sold by
Walker Grant
Bought by
Blu Dot Property Group Llc
Current Estimated Value
$238,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Outstanding Balance
$465,239
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
-$227,084

Purchase Details

Listed on
May 3, 2022
Closed on
May 31, 2022
Sold by
Lee Basham Edward and Lee Jean Ellie
Bought by
Walker Grant
Seller's Agent
Debra Brown-Nally
Carpenter, REALTORS®
Buyer's Agent
Kevin Good
Fathom Realty
List Price
$250,000
Sold Price
$220,000
Premium/Discount to List
-$30,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.49%
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
Blu Dot Property Group Llc -- Security Title
Walker Grant $220,000 Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blu Dot Property Group Llc $496,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $220,000 -12.0% $94 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
05/03/2022 05/03/22 For Sale $250,000 -- $106 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 $3,942 $248,300 $11,400 $236,900
2024 $3,942 $178,200 $11,600 $166,600
2023 $3,767 $169,300 $11,600 $157,700
2022 $3,423 $153,500 $10,600 $142,900
2021 $3,144 $141,000 $10,200 $130,800
2020 $3,245 $145,500 $10,200 $135,300
2019 $3,004 $134,700 $8,700 $126,000
2018 $2,320 $116,000 $8,700 $107,300
2017 $2,296 $114,800 $8,700 $106,100
2016 $1,882 $101,000 $8,700 $92,300
2014 $1,866 $93,300 $10,400 $82,900
2013 $1,866 $85,800 $10,400 $75,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21852995

MIBOR Broker Listing Cooperative®

APN: 41-08-14-042-047.000-009