NOT LISTED FOR SALE

402 S Water St South Whitley, IN 46787

Estimated Value: $170,000 - $222,000

5 Beds
3 Baths
2,504 Sq Ft
$78/Sq Ft Est. Value

Last Sold March 25, 2016

Last sale price $70,000 $28 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $1,115/month

42 Days on Market

Highlights

  • Waterfront
  • The river is a source of water for the property
  • 1-Story Property
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

As of March 2016

Partially rented Tri-plex in South Whitley! Unit 1 with 3 bedrooms and 1 full bath. Two additional units are 1 bed & 1 full bath. NEW windows in 2009! NEW A/C units 2010! NEW Roof 2010! NEW Doors 2010! NEW Furnaces in 2013! Call Tami for additional info today!

Last Agent to Sell the Property

Tami Dennon

DBD Homes Management and Real Estate Listed on: 12/28/2015

Last Buyer's Agent

Tami Dennon

DBD Homes Management and Real Estate Listed on: 12/28/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1875

Lot Details

  • 0.34 Acre Lot
  • Waterfront

Home Design

  • Triplex

Interior Spaces

  • 1-Story Property
  • Fire and Smoke Detector
  • Partially Finished Basement

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • South Whitley Elementary School
  • Whitko Middle School
  • Whitko High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • The river is a source of water for the property

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating, sewer, trash collection, water
  • The owner pays for building insurance, lawn maintenance, tax
  • Assessor Parcel Number 92-08-04-000-234.900-002

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Waterfront: Yes
  • Year Built: 1875
  • Age: 141
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: FRL PT S4 T30 R8 .343A |
  • Parcel Number ID: 92-08-04-000-234.900-002
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Detector-Smoke
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Zoning Description: Residential
  • Monthly Gross Income: 975
  • Year Taxes Payable: 2015
  • Special Features: None

Interior Features

  • Total Sq Ft: 2504
  • Total Finished Sq Ft: 2504
  • Above Grade Finished Sq Ft: 2504
  • Price Per Sq Ft: 27.96
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Carpet, Laminate
  • Main Level Sq Ft: 2504
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Aluminum
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 3
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Water Type: River
  • Number Electric Meters: 3
  • Number Of W D Hookups: 1
  • Number Water Meters: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Whitko
  • Elementary School: South Whitley
  • Middle School: Whitko
  • High School: Whitko
  • Elementary School: South Whitley

Lot Info

  • Lot Description: Waterfront
  • Lot Dimensions: 0 x 0
  • Estimated Lot Sq Ft: 14941
  • Estimated Lot Size Acres: 0.343

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Lawn Maintenance, Tax
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 975
  • Number Of Refrigerators: 2
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1849

MLS Schools

  • High School: Whitko
  • Middle School: Whitko
  • School District: Whitko

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2015
Closed on
Mar 25, 2016
Sold by
Dorothy Hough
Bought by
Gregory F Scalet
Seller's Agent
Tami Dennon
DBD Homes Management and Real Estate
Buyer's Agent
Tami Dennon
DBD Homes Management and Real Estate
List Price
$71,900
Sold Price
$70,000
Premium/Discount to List
-$1,900
-2.64%
Current Estimated Value
$195,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,397
Avg. Annual Appreciation
10.89%
Source: Public Records

Range of Values:

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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
Gregory F Scalet $70,000 Trademark Title, Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scalet Gregory F $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2016 03/25/16 Sold $70,000 -2.6% $28 / Sq Ft
02/08/2016 02/08/16 Pending -- -- --
12/28/2015 12/28/15 For Sale $71,900 -- $29 / 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 $641 $120,900 $16,700 $104,200
2023 $1,059 $105,200 $15,900 $89,300
2022 $835 $98,600 $12,000 $86,600
2021 $909 $86,600 $12,000 $74,600
2020 $629 $79,900 $9,600 $70,300
2019 $686 $71,300 $9,600 $61,700
2018 $671 $69,000 $9,700 $59,300
2017 $641 $64,400 $9,700 $54,700
2016 $934 $87,100 $9,700 $77,400
2014 $1,690 $84,500 $9,700 $74,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201556936

Indiana Regional MLS

APN: 92-08-04-000-234.900-002