NOT LISTED FOR SALE

400 Second Street Sylvan Lake Rome City, IN 46785

Estimated Value: $123,000 - $335,000

1 Bed
1.5 Baths
1,008 Sq Ft
$187/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $112,500 $112 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $1,047/month

34 Days on Market

Highlights

  • Public Beach
  • Cape Cod Architecture
  • Covered Patio or Porch
  • Access To Lake
  • Corner Lot
  • Beamed Ceilings

About This Home

As of July 2024

Multiple offers have been received, highest and best is due back by 5PM on 6/16 with a written response back to all parties no later than end of business on Monday 6/17. Notification in associated docs - please ask your Realtor. Check out this charming and updated 1-bedroom, 1.5-bathroom home near the center of Rome City, Indiana, offering 1,008 square feet of living space. Recent updates over this seller ownership include: updated/painted kitchen cabinets, brand-new carpeting installed this week, siding, roof, a mini-split heating and cooling system, trendy painting with exposed rafters and floor joists, and included appliances and washer and dryer with a strong written offer and exceptional terms.Located in the Kerr Island neighborhood of Sylvan Lake, this home is within walking distance of the neighborhood playground and walking trail (including the upcoming trail across the Sylvan Lake flood wall). It is nestled in a safe and quiet lake residential neighborhood. The fully fenced yard is perfect for children, family, and pets. Inside, the main level features an eat-in kitchen, dining room, and living room with a half bath near the back door. Note that the living room could be converted back into a second bedroom if desired. Upstairs, you'll find a loft-style primary suite with an adjoining closet and walk-in closet. The backyard boasts a 6-foot privacy fence and an added storage shed. This home is ideal as a first home, an investment property for those starting their rental portfolio, or for those looking to expand their real estate collection. The home has served as the seller's primary residence and as a rental, bringing in $750 a month—under fair rental value for the area and its proximity to Sylvan Lake. Priced aggressively to sell quickly with appropriate terms, the seller is willing to close as soon as the title work is completed for the right price and clean terms.

Last Agent to Sell the Property

Daniel Orlando

Mike Thomas Associates Listed on: 06/14/2024

Mike Thomas Associates

Last Buyer's Agent

Daniel Orlando

Mike Thomas Associates Listed on: 06/14/2024

Mike Thomas Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,237

Year Built

  • Built in 1930

Lot Details

  • 9,627 Sq Ft Lot
  • Lot Dimensions are 117 x 95
  • Public Beach
  • Corner Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Cape Cod Architecture
  • Vinyl Construction Material

Interior Spaces

  • 1,008 Sq Ft Home
  • 1.5-Story Property
  • Beamed Ceilings
  • Crawl Space
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • Separate Shower

Outdoor Features

  • Access To Lake
  • Covered Patio or Porch

Schools

  • Rome City Elementary School
  • East Noble Middle School
  • East Noble High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • Private Company Owned Well
  • Well

Listing and Financial Details

  • Assessor Parcel Number 57-04-16-100-278.000-011

Community Details

Amenities

  • Community Fire Pit

Recreation

  • Waterfront Owned by Association
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,237

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1930
  • Age: 94
  • Style: One and Half Story
  • Architectural Style: Cape Cod
  • Total Number of Rooms: 7
  • Bedrooms: 1
  • Number Above Grade Bedrooms: 1
  • Total Bathrooms: 2
  • Total Full Bathrooms: 1
  • Total Number of Half Bathrooms: 1
  • Legal Description: Barbers Woods 2nd Add Lots 56 & 57; Barbers Woods 2nd Add Ex N20' Lots 27 & 28
  • Parcel Number ID: 57-04-16-100-278.000-011
  • Platted: Yes
  • Amenities: Ceilings-Beamed, Closet(s) Walk-in, Countertops-Laminate, Eat-In Kitchen, Firepit, Near Walking Trail, Porch Covered, Stand Up Shower, Main Floor Laundry
  • Sp Lp Percent: 102.27
  • Year Taxes Payable: 2024
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1008
  • Total Finished Sq Ft: 1008
  • Above Grade Finished Sq Ft: 1008
  • Price Per Sq Ft: 111.61
  • Basement Foundation: Crawl
  • Living Great Room: Dimensions: 10x14, On Level: Main
  • Kitchen: Dimensions: 14x10, On Level: Main
  • Dining Room: Dimensions: 8x8, On Level: Main
  • Bedroom 1: Dimensions: 14x22, On Level: Upper
  • Number of Main Level Half Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: Shed, Dimensions: 10x12, 120
  • Water Features: Public Beach, Walk to Lake Access, Assoc

Garage/Parking

  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air, Wall AC
  • Heating Fuel: Electric, Forced Air, Heat Pump
  • Sewer: City
  • Water Utilities: Well
  • Well Type: Private

Condo/Co-op/Association

  • Common Amenities: Playground

Schools

  • School District: East Noble Schools
  • Elementary School: Rome City
  • Middle School: East Noble
  • High School: East Noble
  • Elementary School: Rome City

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 117 x 95
  • Estimated Lot Sq Ft: 9627
  • Estimated Lot Size Acres: 0.221

Tax Info

  • Annual Taxes: 1237.1

MLS Schools

  • High School: East Noble
  • Middle School: East Noble
  • School District: East Noble Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2024
Closed on
Jul 19, 2024
Sold by
Northeast Investments Llc
Bought by
Gilbert Brent
Seller's Agent
Daniel Orlando
Mike Thomas Associates
Buyer's Agent
Daniel Orlando
Mike Thomas Associates
List Price
$110,000
Sold Price
$112,500
Premium/Discount to List
$2,500
2.27%
Views
56
Current Estimated Value
$188,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,872
Avg. Annual Appreciation
47.46%

Purchase Details

Closed on
Jun 29, 2020
Sold by
Slone and Marianne
Bought by
Malle Mary
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
Gilbert Brent $112,500 Assurance Title Company Llc
Malle Mary -- Lagrange Title Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Sold $112,500 +2.3% $112 / Sq Ft
07/18/2024 07/18/24 Pending -- -- --
06/14/2024 06/14/24 For Sale $110,000 -- $109 / 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 $248 $74,300 $21,500 $52,800
2023 $274 $72,000 $20,600 $51,400
2022 $1,045 $63,700 $20,600 $43,100
2021 $1,034 $59,800 $20,600 $39,200
2020 $846 $43,600 $22,600 $21,000
2019 $820 $40,600 $24,600 $16,000
2018 $1,083 $52,400 $24,600 $27,800
2017 $694 $34,900 $22,800 $12,100
2016 $687 $35,000 $22,800 $12,200
2014 $686 $34,300 $22,600 $11,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202421828

Indiana Regional MLS

APN: 570416100278000011