$70,000
SOLD DEC 31, 2024

405 E Washington St Unit 1 Frankfort, IN 46041

3 Beds
2 Baths
1,919 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$36 Per Sq Ft

44% Below List Price

49 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • 1-Story Property

About This Home

As of December 2024

Investor ready! This property offers the perfect opportunity to live in one side and rent the other, making it an ideal investment or multi-generational living solution. Both units are ready for your creative vision—customize the space to reflect your style! Enjoy the convenience and independence of separate utilities for each unit. It could also be turned back into a single residence. Unit one features 2 bedrooms. Unit 2 is a one bedroom. Property is being sold in the condition that it is currently in and no repairs will be made.

Last Agent to Sell the Property

Nubia Medina

BerkshireHathaway HS IN Realty Brokerage Phone: 765-242-1944 Listed on: 10/30/2024

BerkshireHathaway HS IN Realty

Last Buyer's Agent

Nubia Medina

BerkshireHathaway HS IN Realty Brokerage Phone: 765-242-1944 Listed on: 10/30/2024

BerkshireHathaway HS IN Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,714

Year Built

  • Built in 1918

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 39x85
  • Level Lot

Home Design

  • Duplex
  • Asphalt Roof
  • Shingle Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Blue Ridge / Green Meadows Elementary School
  • Frankfort Middle School
  • Frankfort High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric, heating, trash collection, water
  • Assessor Parcel Number 12-10-10-283-003.000-021
  • Seller Concessions Not Offered

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,714

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1918
  • Style: One Story
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 016-07187-06 PT LOTS 2-3&4 N DAVIS 1ST
  • Parcel Number ID: 12-10-10-283-003.000-021
  • Platted: Yes
  • Amenities: Off Street Parking
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Special Features: None

Interior Features

  • Total Sq Ft: 1919
  • Total Finished Sq Ft: 1919
  • Above Grade Finished Sq Ft: 1919
  • Basement Foundation: Crawl
  • Flooring: Unfinished
  • Main Level Sq Ft: 1919

Exterior Features

  • Exterior: Shingle
  • Roof Material: Asphalt
  • Stories: 1

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 1
  • Parking: Off Street

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Frankfort Munic. Util.
  • Gas Company: CenterPoint Energy
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 2

Schools

  • Elementary School: Blue Ridge / Green Meadows

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 39X85
  • Estimated Lot Sq Ft: 3485
  • Estimated Lot Size Acres: 0.08

Rental Info

  • Tenant Pays: Electric, Heating, Trash Collection, Water

Tax Info

  • Annual Property Tax: 1713.92

Multi Family

  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1

MLS Schools

  • High School: Frankfort
  • Middle School: Frankfort
  • School District: Community Schools of Frankfort

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2024
Closed on
Dec 31, 2024
Sold by
Leon Humberto
Bought by
Guzman Andres Lopez
Seller's Agent
Nubia Medina
BerkshireHathaway HS IN Realty
Buyer's Agent
Nubia Medina
BerkshireHathaway HS IN Realty
List Price
$124,900
Sold Price
$70,000
Premium/Discount to List
-$54,900
-43.96%
Views
40
Current Estimated Value
$129,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,481
Avg. Annual Appreciation
93.74%

Purchase Details

Closed on
Jul 20, 2020
Sold by
Nelson David J
Bought by
Leon Humberto

Purchase Details

Closed on
Mar 22, 2018
Sold by
Goar J V
Bought by
Nelson David J

Purchase Details

Closed on
Feb 11, 2002
Sold by
Goar James V 9
Bought by
Goar James V
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Available
Deed $10,000 Moore Title & Escrow
Deed $10,000 Moore Title & Escrow
Deed $20,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2024 12/31/24 Sold $70,000 -41.1% $36 / Sq Ft
12/18/2024 12/18/24 Pending -- -- --
11/15/2024 11/15/24 Price Changed $118,900 -4.8% $62 / Sq Ft
10/30/2024 10/30/24 For Sale $124,900 -- $65 / 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 $1,238 $51,600 $7,000 $44,600
2023 $1,131 $48,900 $7,000 $41,900
2022 $971 $42,200 $7,000 $35,200
2021 $1,692 $29,100 $7,000 $22,100
2020 $695 $29,100 $7,000 $22,100
2019 $696 $29,100 $7,000 $22,100
2018 $686 $29,000 $7,000 $22,000
2017 $694 $29,000 $6,600 $22,400
2016 $661 $29,300 $6,600 $22,700
2014 $580 $29,000 $6,600 $22,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202442003

Indiana Regional MLS

APN: 12-10-10-283-003.000-021