NOT LISTED FOR SALE

402 Decatur St Michigan City, IN 46360

Estimated Value: $68,000 - $86,000

3 Beds
2 Baths
1,632 Sq Ft
$50/Sq Ft Est. Value

Last Sold September 24, 2024

Last sale price $66,500 $41 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $505/month

7 Days on Market

Highlights

  • Wood Flooring
  • Front Porch
  • Forced Air Heating System
  • Corner Lot

About This Home

As of September 2024

Fixer Upper Investment property - close to new train station. Upper unit has one bedroom and one bath while main level unit has two bedrooms one bath. Whether you're a seasoned investor or savvy homeowner looking to add value this could be a profitable rental. Home sold AS-IS.

Last Agent to Sell the Property

Vanessa Daley

Listing Leaders Listed on: 08/06/2024

Last Buyer's Agent

Liliana Guzman

RE/MAX Diamond Properties License #RB23001089

RE/MAX Diamond Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,574

Year Built

  • Built in 1914

Lot Details

  • 5,600 Sq Ft Lot
  • Lot Dimensions are 56x100
  • Corner Lot

Home Design

  • Block Foundation

Interior Spaces

  • 1,632 Sq Ft Home
  • 1.5-Story Property
  • Wood Flooring
  • Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Front Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for electricity, insurance, hot water, gas
  • Rent includes electricity, water, gas
  • Assessor Parcel Number 46-01-33-160-038.000-022

Community Details

Overview

  • 2 Units
  • Culvers Add Subdivision

Pet Policy

  • No Pets Allowed

Building Details

  • Electric Expense $130
  • Insurance Expense $8,400
  • Water Sewer Expense $40
  • Gross Income $9,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,574

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1914
  • Reso Property Sub Type: Duplex
  • ResoLotFeatures: Back Yard, Corner Lot
  • Co List Office Mls Id: NRA1690
  • Subdivision Name: Culvers Add
  • Above Grade Finished Sq Ft: 1632
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: No
  • Financial Info Electric: 100 Amp Service
  • WaterExpense: 40.00
  • AuctionYN: No
  • AboveGradeUnfinishedArea: 0.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Range, Refrigerator
  • Interior Amenities: Other
  • Basement: Block
  • Flooring: Hardwood, Laminate
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Other
  • Fencing: None
  • Acres: 0.1286
  • Foundation Details: Block
  • Patio And Porch Features: Front Porch
  • Reso Roof: Asphalt

Garage/Parking

  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Natural Gas Available
  • Cooling: Wall/Window Unit(s)
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Water, Gas

Schools

  • Junior High Dist: Michigan City

Lot Info

  • Lot Dimensions: 56x100
  • Lot Size Sq Ft: 5600
  • Parcel #: 46-01-33-160-038.000-022

Rental Info

  • Pets Allowed: No
  • Owner Pays: Electricity, Insurance, Hot Water, Gas

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1574

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 130
  • Annual Gross Income: 9600
  • Insurance Expense: 8400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2024
Closed on
Sep 24, 2024
Sold by
Ahmed Realtor Llc
Bought by
Village Enterprise Inc
Seller's Agent
Vanessa Daley
Listing Leaders
Buyer's Agent
Liliana Guzman
RE/MAX Diamond Properties
List Price
$65,000
Sold Price
$66,500
Premium/Discount to List
$1,500
2.31%
Views
26
Current Estimated Value
$80,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,347
Avg. Annual Appreciation
19.43%

Purchase Details

Closed on
Jun 4, 2021
Sold by
Hometown Rental Co Llc
Bought by
Ahmed Realtor Llc

Purchase Details

Listed on
Jan 2, 2015
Closed on
Mar 20, 2015
Sold by
Members Advantage Cu
Bought by
Hometown Rental Company Llc
Seller's Agent
Amy Wagner
Century 21 Circle
List Price
$29,900
Sold Price
$29,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.82%

Purchase Details

Closed on
Jan 28, 2014
Sold by
Sheely Lisa A
Bought by
Members Advantage Cu

Purchase Details

Closed on
Mar 7, 2012
Sold by
Hunt Thomas W and Sheely Lisa
Bought by
Hunt Thomas W and Thomas W Hunt Revocable Living Trust
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
Village Enterprise Inc -- None Listed On Document
Ahmed Realtor Llc -- None Available
Hometown Rental Company Llc -- None Available
Members Advantage Cu -- None Available
Hunt Thomas W -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2024 09/24/24 Sold $66,500 -11.3% $41 / Sq Ft
08/07/2024 08/07/24 Price Changed $75,000 +15.4% $46 / Sq Ft
08/06/2024 08/06/24 For Sale $65,000 +117.4% $40 / Sq Ft
03/20/2015 03/20/15 Sold $29,900 0.0% $18 / Sq Ft View Prior Sale
02/18/2015 02/18/15 Pending -- -- --
01/02/2015 01/02/15 For Sale $29,900 -- $18 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

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 $3,640 $92,900 $13,900 $79,000
2022 $1,574 $78,700 $12,200 $66,500
2021 $1,156 $57,800 $10,100 $47,700
2020 $1,180 $57,800 $10,100 $47,700
2019 $1,636 $77,000 $13,900 $63,100
2018 $1,094 $49,900 $6,700 $43,200
2017 $856 $38,000 $6,100 $31,900
2016 $1,256 $58,000 $9,000 $49,000
2014 $1,184 $59,200 $9,000 $50,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 808147

Northwest Indiana Association of REALTORS®

APN: 46-01-33-160-038.000-022