Seller's Agent in 2018
Brad Rummel
Rock Solid Realty
(260) 318-3789
84 Total Sales
404 N Main St Kendallville, IN 46755
Estimated Value: $225,000 - $289,000
4
Beds
4
Baths
3,780
Sq Ft
$70/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 2 Car Detached Garage
- Baseboard Heating
- Corner Lot
- Ceiling Fan
About This Home
As of September 2018TRIPLEX - I receive calls every day for people desperate to rent something in Kendallville IN, and I never know what direction to send them. That being said, this seems like a pretty good opportunity for someone to add to their current rental collection, or possibly use this real estate as your way to enter the world of investment properties. The third floor tenant has been here for approximately 7 years, and has zero desire to leave. Rent out the other two, and let this property help you to financial independence. When this home was fully occupied, rent was generating $1400.00 per month, at $16,800 per year, with the first floor at $600.00 and the second floor at $450, and third floor at $350. Those rents had not been updated or increased in a LONG TIME.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 0.27 Acre Lot
- Lot Dimensions are 72x165
- Corner Lot
Parking
- 2 Car Detached Garage
Home Design
- Triplex
- Brick Exterior Construction
- Vinyl Construction Material
Interior Spaces
- 3-Story Property
- Ceiling Fan
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Schools
- North Side Elementary School
- East Noble Middle School
- East Noble High School
Additional Features
- Suburban Location
- Baseboard Heating
Community Details
- 3 Units
- Mitchell Subdivision
Listing and Financial Details
- Tenant pays for electric
- Assessor Parcel Number 57-07-33-430-029.000-020
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 1, 2023
Sold by
Cluster James D
Bought by
Swartz Joey D
Current Estimated Value
Purchase Details
Listed on
Jun 26, 2018
Closed on
Sep 27, 2018
Sold by
Sutton Ciok Ents Llc
Bought by
Cluster Thomas J
Seller's Agent
Brad Rummel
Rock Solid Realty
Buyer's Agent
Brad Rummel
Rock Solid Realty
List Price
$88,900
Sold Price
$74,800
Premium/Discount to List
-$14,100
-15.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.83%
Original Mortgage
$56,100
Interest Rate
4.5%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Swartz Joey D | $240,000 | -- | |
| Swartz Joey D | $240,000 | -- | |
| Cluster Thomas J | $70,125 | Attorney Only |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cluster Thomas J | $56,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/27/2018 09/27/18 | Sold | $74,800 | -6.4% | $20 / Sq Ft |
| 08/08/2018 08/08/18 | Pending | -- | -- | -- |
| 07/31/2018 07/31/18 | Price Changed | $79,900 | -10.1% | $21 / Sq Ft |
| 06/26/2018 06/26/18 | For Sale | $88,900 | -- | $24 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $4,082 | $257,000 | $21,400 | $235,600 |
| 2023 | $4,087 | $157,900 | $18,600 | $139,300 |
| 2022 | $3,146 | $144,800 | $18,600 | $126,200 |
| 2021 | $2,837 | $129,300 | $17,900 | $111,400 |
| 2020 | $2,658 | $120,100 | $15,700 | $104,400 |
| 2019 | $2,519 | $112,300 | $14,700 | $97,600 |
| 2018 | $2,374 | $112,700 | $12,900 | $99,800 |
| 2017 | $2,149 | $107,200 | $12,900 | $94,300 |
| 2016 | $2,131 | $106,300 | $12,900 | $93,400 |
| 2014 | $1,828 | $91,400 | $12,900 | $78,500 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Rummel
Map
Source: Indiana Regional MLS
MLS Number: 201827792
APN: 570733430029000020
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