Michelle Jackson
RE/MAX Advanced Realty
(888) 482-1335
99 Total Sales
1 in Franklin
$145,000 Price
401 N Main St Franklin, IN 46131
Franklin Area
2
Beds
1
Bath
700
Sq Ft
0.4
Acre Lot
About This Home
As of January 2021What an Opportunity to own this updated 18 unit Apartment Building in Sought After Downtown Franklin! Located on Coveted Main St. Only 1/4 Mile From the Courthouse the Owners have created a truly unique experience for Tenants to enjoy all of the Activities downtown Franklin has to offer. Total Renovation of Main Street Commons completed in 2018 Inside & Out. Offered at Roughly 6.4% Cap Rate based on Trailing 12 Financials. Come see today these opportunities don't happen often.
Last Agent to Sell the Property
Smythe & Co, Inc License #RB14048751 Listed on: 09/30/2020
Last Buyer's Agent
Bruce Richardson
Bruce Richardson Realty, LLC
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,794
Year Built
- Built in 1972
Lot Details
- 0.4
Parking
- Driveway
Home Design
- Traditional Architecture
- Block Foundation
Additional Features
- 3-Story Property
- 17,424 Sq Ft Lot
- Basement
Listing and Financial Details
- Tenant pays for electricity gas insurance
- The owner pays for insurance lawncare taxes sewer trash collection water other
- Assessor Parcel Number 410814042067000009
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 25, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Outstanding Balance
$1,269,219
Interest Rate
6.27%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 30, 2020
Closed on
Jan 14, 2021
Sold by
Bought by
Seller's Agent
Austin Smythe
Smythe & Co, Inc
Buyer's Agent
Bruce Richardson
Bruce Richardson Realty, LLC
List Price
$1,650,000
Sold Price
$1,650,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Interest Rate
2.67%
Mortgage Type
Commercial
Purchase Details
Listed on
Sep 30, 2020
Closed on
Dec 23, 2020
Sold by
Bought by
Seller's Agent
Austin Smythe
Smythe & Co, Inc
Buyer's Agent
Bruce Richardson
Bruce Richardson Realty, LLC
List Price
$1,650,000
Sold Price
$1,650,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Interest Rate
2.67%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 17, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.15%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Franklin, IN
-
Michelle Jackson
-
Susan Webb
Susan Webb
Homes and Homesites Inc
(463) 777-2289
53 Total Sales
1 in Franklin
$690,000 Price
-
Sheri Jones
Sheri Jones
Hoosier, REALTORS®
(812) 587-7444
187 Total Sales
2 in Franklin
$203K - $265K Price Range
-
Jason Kraus
Jason Kraus
RE/MAX Advanced Realty
(844) 722-8557
96 Total Sales
1 in Franklin
$265,000 Price
-
Pamela Prough
Pamela Prough
Carpenter Realtors Mooresville
(574) 891-8145
158 Total Sales
1 in Franklin
$292,000 Price
-
Andrea Middlesworth
Andrea Middlesworth
Carpenter, REALTORS®
(888) 294-1945
39 Total Sales
1 in Franklin
$285,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,650,000 | None Listed On Document | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,320,000 | ||
| Previous Owner | $1,320,000 | ||
| Previous Owner | $290,000 | ||
| Previous Owner | $480,000 | ||
| Previous Owner | $471,000 | ||
| Previous Owner | $165,100 | ||
| Previous Owner | $426,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/14/2021 01/14/21 | Sold | $1,650,000 | 0.0% | $2,357 / Sq Ft |
| 10/20/2020 10/20/20 | Pending | -- | -- | -- |
| 10/15/2020 10/15/20 | For Sale | $1,650,000 | 0.0% | $2,357 / Sq Ft |
| 10/02/2020 10/02/20 | Pending | -- | -- | -- |
| 09/30/2020 09/30/20 | For Sale | $1,650,000 | -- | $2,357 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $23,912 | $1,056,500 | $122,400 | $934,100 |
| 2024 | $19,922 | $900,500 | $122,400 | $778,100 |
| 2023 | $20,554 | $923,700 | $120,500 | $803,200 |
| 2022 | $19,999 | $392,900 | $117,000 | $275,900 |
| 2021 | $7,740 | $347,100 | $117,000 | $230,100 |
| 2020 | $7,995 | $358,500 | $117,000 | $241,500 |
| 2019 | $7,794 | $349,500 | $108,000 | $241,500 |
| 2018 | $8,206 | $347,400 | $108,000 | $239,400 |
| 2017 | $9,464 | $473,200 | $108,000 | $365,200 |
| 2016 | $9,468 | $473,400 | $108,000 | $365,400 |
| 2014 | $10,150 | $507,500 | $108,000 | $399,500 |
| 2013 | $10,150 | $507,500 | $108,000 | $399,500 |
Source: Public Records
Agents Affiliated with this Home
-
Austin Smythe
Seller's Agent in 2021
Austin Smythe
Smythe & Co, Inc
(317) 412-3612
131 Total Sales
-
B
Buyer's Agent in 2021
Bruce Richardson
Bruce Richardson Realty, LLC
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: MBR21739470
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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