$72,000
SOLD MAR 5, 2018

40 E Mulberry St Morgantown, IN 46160

-- Bed
-- Bath
3,619 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$20 Per Sq Ft

12% Below List Price

14 Days on Market

About This Home

As of November 2023

Morgantown Triplex, excellent investment opportunity, metered individually, with separate entrances. Lower level is an expansive 2 BR unit with large closets, wrap around covered porch, deck off MBR, formal Living room, Dining room and Laundry room. Upstairs units are 1BR. w/ Kitchen and Living room. New architectural roof in 2017, Furnace Dec. 2017. 2 car garage, fenced back yard This can easily be converted to a single family home. Good for Owner/ Investor, live on Main level and lease the top 2 units and let tenants pay the mortgage.

Last Agent to Sell the Property

Mark Bowman

Tramcore Realty License #RB14039468 Listed on: 01/30/2018

Last Buyer's Agent

Mark Bowman

Tramcore Realty License #RB14039468 Listed on: 01/30/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Parking

  • Driveway

Home Design

  • Block Foundation
  • Vinyl Siding

Additional Features

  • 2-Story Property
  • Back Yard Fenced
  • High-Efficiency Water Heater
  • Basement

Community Details

  • Carters Subdivision

Listing and Financial Details

  • Assessor Parcel Number 551424462008000013

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TradAmer, Two Story
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2016
  • Year Built: 1905
  • Co List Office Phone: 317-431-6346
  • Green Energy Efficient: Water Heater
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Triplex
  • Subdivision Name: CARTERS
  • Inspection Warranties: General,Not Applicable
  • Property Description: Morgantown Triplex, excellent investment opportunity, metered individually, with separate entrances. Lower level is an expansive 2 BR unit with large closets, wrap around covered porch, deck off MBR, formal Living room, Dining room and Laundry room. Upstairs units are 1BR. w/ Kitchen and Living room. New architectural roof in 2017, Furnace Dec. 2017. 2 car garage, fenced back yard This can easily be converted to a single family home. Good for Owner/ Investor, live on Main level and lease the top 2 units and let tenants pay the mortgage.
  • Transaction Type: Sale
  • Unit Count: 3
  • Conversion: 1
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: Other
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 4378
  • Laundry: ConnSome,Other

Exterior Features

  • Construction Materials: Vinyl Siding, Wood
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Asphalt, Fence Full Rear
  • Foundation Details: Block
  • List Price: 81999
  • Road Access: CityStreet

Garage/Parking

  • Unit Parking: 2 Car Garage,On Street,Parking Garage,Paved Area

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 0

Lot Info

  • Current Use: Residential
  • Parcel Number: 551424462008000013
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks,Storm Sewer,Tree Mature
  • Lot Number: 2
  • Lot Size: 132 x 66

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Other

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1926
  • Semi Annual Property Tax Amt: 963
  • Tax Exemption: None

MLS Schools

  • School District: Nineveh-Hensley-Jackson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2023
Closed on
Nov 20, 2023
Sold by
Ficek Shawn M
Bought by
Dickey Colby Allen and Ashley Marie
Seller's Agent
Rebecca Carr
CENTURY 21 Scheetz
Buyer's Agent
Kenneth Yoder
Mark Dietel Realty, LLC
List Price
$289,000
Sold Price
$250,000
Premium/Discount to List
-$39,000
-13.49%
Views
148
Current Estimated Value
$257,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,452
Avg. Annual Appreciation
1.07%

Purchase Details

Listed on
Jan 30, 2018
Closed on
Mar 5, 2018
Sold by
Roberts James T and Roberts Carol A
Bought by
Ficek Shawn M
Seller's Agent
Mark Bowman
Tramcore Realty
Buyer's Agent
Mark Bowman
Tramcore Realty
List Price
$81,999
Sold Price
$72,000
Premium/Discount to List
-$9,999
-12.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.31%
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 Type Sale Price Title Company
Deed $250,000 Security Title
Warranty Deed -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2023 11/20/23 Sold $250,000 -5.7% $69 / Sq Ft
10/26/2023 10/26/23 Pending -- -- --
10/16/2023 10/16/23 Price Changed $265,000 -1.9% $73 / Sq Ft
08/19/2023 08/19/23 Price Changed $270,000 -1.8% $75 / Sq Ft
07/17/2023 07/17/23 Price Changed $275,000 -4.8% $76 / Sq Ft
07/01/2023 07/01/23 For Sale $289,000 +301.4% $80 / Sq Ft
03/05/2018 03/05/18 Sold $72,000 -12.2% $20 / Sq Ft
02/14/2018 02/14/18 Pending -- -- --
01/30/2018 01/30/18 For Sale $81,999 -- $23 / 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
2024 $3,354 $197,200 $33,900 $163,300
2023 $1,369 $168,900 $30,000 $138,900
2022 $1,402 $163,200 $20,200 $143,000
2021 $994 $124,600 $21,800 $102,800
2020 $980 $128,200 $21,800 $106,400
2019 $2,251 $131,300 $21,800 $109,500
2018 $1,725 $133,500 $21,800 $111,700
2017 $1,944 $132,600 $21,800 $110,800
2016 $1,927 $132,600 $21,800 $110,800
2014 $1,541 $131,100 $21,800 $109,300
2013 $1,541 $131,100 $21,800 $109,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21542901

MIBOR Broker Listing Cooperative®

APN: 55-14-24-462-008.000-013