NOT LISTED FOR SALE

404 E South B St Gas City, IN 46933

Estimated Value: $172,000 - $185,000

4 Beds
3 Baths
2,260 Sq Ft
$80/Sq Ft Est. Value

Last Sold May 25, 2018

Last sale price $60,000 $27 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $1,060/month

133 Days on Market

Highlights

  • Covered Patio or Porch
  • Eat-In Kitchen
  • Central Air
  • 2 Car Detached Garage
  • Laundry in Utility Room
  • Ceiling Fan

About This Home

As of May 2018

All the work is done here and looking for new owners. Great opportunity to live in one unit and let the other make your payments. The lower unit has 3 bedrooms, 2 full baths, and utility area. Upstairs has its own private entrance with 1 bedroom, 1 bath and utility room. This duplex offers new heat pumps, plumbing, wiring, paint, bathroom vanities, counter tops, complete new bath downstairs. Both units offer washer and dryers, refrigerators. Upstairs has a range. downstairs has a dishwasher and built in oven and cooktop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,076

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x132
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,260 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Utilities

  • Central Air
  • Heat Pump System
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, fuel, heating, sewer, trash collection, water
  • The owner pays for electric, fuel, heating, sewer, trash collection, water
  • Assessor Parcel Number 27-07-34-301-109.000-018

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 2 Separate Water Meters
  • Electric Expense $3,000
  • Fuel Expense $900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,076

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 118
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: W 1/2 LOT 204 & 205 & 7 1/2 FT E SD LOT 206 GCL COS 1ST ADD
  • Parcel Number ID: 27-07-34-301-109.000-018
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Cable Available, Cable Ready, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen, Garage Door Opener, Porch Covered, Water Heater Gas, Washer Hook-Up
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 96
  • Monthly Gross Income: 1400
  • Special Features: None

Interior Features

  • Total Sq Ft: 2260
  • Total Finished Sq Ft: 2260
  • Above Grade Finished Sq Ft: 2260
  • Price Per Sq Ft: 26.55
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Garage, Lot, Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Heat Pump
  • Sewer: City
  • Water Utilities: City
  • Gas Company: Vectren Energy
  • Cable Company: Spectrum
  • Annual Electric: 3000
  • Annual Fuel Expense: 900
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

  • School District: Mississinewa Community School Corp.
  • Elementary School: Westview/Northview
  • Middle School: R J Basket
  • High School: Mississinewa

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 60x132
  • Estimated Lot Sq Ft: 7405
  • Estimated Lot Size Acres: 0.17

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Electric, Fuel, Heating, Sewer, Trash Collection, Water
  • Tenant Pays: Electric, Fuel, Heating, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1400
  • Number Of Dishwashers: 1
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1076

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2023
Sold by
Durben Megan L
Bought by
Durben Megan L and Durben Brandon M
Current Estimated Value
$178,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Outstanding Balance
$59,481
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$141,885

Purchase Details

Listed on
Oct 26, 2017
Closed on
May 24, 2018
Sold by
Melford Sarah A
Bought by
Bright Megan L
List Price
$62,500
Sold Price
$60,000
Premium/Discount to List
-$2,500
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.26%
Original Mortgage
$58,913
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 26, 2016
Closed on
Mar 25, 2016
Sold by
Mutualbank
Bought by
Melford Sarah A
Seller's Agent
Susan Reese
F.C. Tucker Realty Center
Buyer's Agent
Cyndi Reneau
Moving Real Estate
List Price
$44,900
Sold Price
$34,500
Premium/Discount to List
-$10,400
-23.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.05%
Original Mortgage
$43,200
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 26, 2016
Closed on
Mar 8, 2016
Sold by
Mutualbank
Bought by
Melford Sarah A
Seller's Agent
Susan Reese
F.C. Tucker Realty Center
Buyer's Agent
Cyndi Reneau
Moving Real Estate
List Price
$44,900
Sold Price
$34,500
Premium/Discount to List
-$10,400
-23.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,200
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2014
Sold by
Armes Lindsay R and Armes George
Bought by
Mutualbank

Purchase Details

Closed on
Dec 5, 2005
Sold by
Armes George E
Bought by
Armes Lindsay R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,000
Interest Rate
6.36%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 30, 1998
Sold by
Not Provided
Bought by
Not Provided
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
Durben Megan L -- --
Bright Megan L -- --
Melford Sarah A $34,500 --
Melford Sarah A -- None Available
Mutualbank $33,355 None Available
Armes Lindsay R -- None Available
Not Provided $53,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Durben Megan L $61,000
Previous Owner Bright Megan L $58,913
Previous Owner Melford Sarah A $43,200
Previous Owner Armes Lindsay R $7,000
Previous Owner Armes Lindsay R $42,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2018 05/25/18 Sold $60,000 -4.0% $27 / Sq Ft
03/08/2018 03/08/18 Pending -- -- --
10/26/2017 10/26/17 For Sale $62,500 +81.2% $28 / Sq Ft
03/25/2016 03/25/16 Sold $34,500 -23.2% $15 / Sq Ft
02/02/2016 02/02/16 Pending -- -- --
01/26/2016 01/26/16 For Sale $44,900 -- $20 / 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 $1,352 $128,500 $10,200 $118,300
2023 $1,329 $127,900 $10,200 $117,700
2022 $1,186 $111,000 $8,800 $102,200
2021 $979 $97,200 $8,800 $88,400
2020 $920 $94,900 $8,800 $86,100
2019 $904 $94,300 $8,800 $85,500
2018 $660 $94,200 $8,800 $85,400
2017 $1,824 $91,200 $8,800 $82,400
2016 $1,076 $53,800 $8,800 $45,000
2014 $1,792 $96,000 $8,800 $87,200
2013 $1,792 $87,600 $8,800 $78,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201749253

Indiana Regional MLS

APN: 27-07-34-301-109.000-018