NOT LISTED FOR SALE

403 E Palm Dr Syracuse, IN 46567

Estimated Value: $218,000 - $552,000

2 Beds
1 Bath
768 Sq Ft
$553/Sq Ft Est. Value

Last Sold December 02, 2015

Last sale price $205,000 $267 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $2,380/month

17 Days on Market

Highlights

  • 1 Car Attached Garage
  • Storm Doors
  • Carpet
  • Laundry closet
  • Level Lot
  • 1-Story Property

About This Home

As of December 2015

Investors - package of 3 duplexes, total 6, two bedroom units. Each with one car garage. Great location in Syracuse just east of McDonald's. and walking distance to Oakwood Park. Good rental history and good rental demand.

Last Agent to Sell the Property

Harlan Steffen

Steffen Realty Listed on: 09/15/2015

Last Buyer's Agent

Harlan Steffen

Steffen Realty Listed on: 09/15/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,597

Year Built

  • Built in 1986

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 86 x 300
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Crawl Space
  • Laundry closet

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Schools

  • Syracuse Elementary School
  • Wawasee Middle School
  • Wawasee High School

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, heating, trash collection, water
  • The owner pays for building insurance, lawn maintenance, maintenance
  • Assessor Parcel Number 43-04-08-300-825.000-026

Community Details

Overview

  • 3 Buildings
  • 6 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $334
  • Insurance Expense $2,640
  • Maintenance Expense $1,053

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,597

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1986
  • Style: One Story
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 008-031-092.G Lot 6 Beacon Shores and 008-031-092.H Lot 7 Beaco | 008-031-092.F Lot 5 Beacon Shores -
  • Parcel Number ID: 43-04-08-300-825.000-026
  • Platted: Yes
  • Amenities: Detector-Smoke
  • Grid: 50 - N.E. Kosc.
  • Inside City Limits: Yes
  • Parcel Id2: 430408300823000026
  • Special Features: None

Interior Features

  • Total Sq Ft: 768
  • Total Finished Sq Ft: 768
  • Above Grade Finished Sq Ft: 768
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 768
  • Number Of Disposals: 6
  • Number Of Ranges Ovens: 6

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Gas
  • Sewer: Regional
  • Water Utilities: City
  • Annual Electric: 334
  • Annual Insurance Expense: 2640
  • Annual Maintenance Expense: 1053
  • Number Electric Meters: 6
  • Number Gas Meters: 6
  • Number Of W D Hookups: 6
  • Number Water Meters: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Syracuse

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 86 x 300
  • Estimated Lot Sq Ft: 25801
  • Estimated Lot Size Acres: 0.5923
  • Lot Number: 5

Green Features

  • Energy Efficient Windows/Doors: Storm Doors

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance
  • Tenant Pays: Electric, Heating, Trash Collection, Water

Tax Info

  • Annual Property Tax: 4597

Multi Family

  • Number Of Dryers: 6
  • Number Of Refrigerators: 6
  • Number Of Units: 6
  • Number Of Washers: 6
  • Num Of2 Bedrooms: 6

MLS Schools

  • High School: Wawasee
  • Middle School: Wawasee
  • School District: Wawasee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2022
Sold by
Miller Jared A and Miller Jared A
Bought by
B & B Ventures Llc
Current Estimated Value
$424,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Outstanding Balance
$549,861
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
-$125,528

Purchase Details

Closed on
May 30, 2018
Sold by
Ruckman
Bought by
Duane Miller
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
B & B Ventures Llc -- Jaquinde William
Duane Miller $223,300 --
Miller Duane $223,333 Fidelity National Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open B & B Ventures Llc $640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2015 12/02/15 Sold $205,000 -24.1% $267 / Sq Ft
10/02/2015 10/02/15 Pending -- -- --
09/15/2015 09/15/15 For Sale $270,000 -- $352 / 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 $2,111 $128,600 $41,300 $87,300
2023 $2,698 $157,700 $38,200 $119,500
2022 $2,443 $136,800 $33,000 $103,800
2021 $2,025 $110,600 $28,400 $82,200
2020 $1,879 $101,600 $24,800 $76,800
2019 $1,941 $98,600 $24,800 $73,800
2018 $1,818 $94,400 $24,800 $69,600
2017 $1,736 $90,300 $24,800 $65,500
2016 $1,621 $92,200 $24,800 $67,400
2014 $1,591 $88,500 $24,800 $63,700
2013 $1,591 $85,000 $24,800 $60,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201545585

Indiana Regional MLS

APN: 43-04-08-300-825.000-026