NOT LISTED FOR SALE

405 N Sherman St Lagrange, IN 46761

Estimated Value: $156,000 - $228,893

4 Beds
2 Baths
1,888 Sq Ft
$108/Sq Ft Est. Value

Last Sold June 07, 2021

Last sale price $183,429 $97 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,425/month

4 Days on Market

Highlights

  • 1 Car Attached Garage
  • Central Air
  • Level Lot
  • Laundry in Utility Room
  • Ceiling Fan
  • Carpet

About This Home

As of June 2021

Opportunity is knocking... good condition duplex located on a level, 1/2 acre lot with beautiful mature trees. Each unit has 2 bedrooms, 1 bath, laundry with washer and dryer, deck and a 1 car attached garage. This is an excellent opportunity for the savvy investor or a first time home buyer that wants to live in one unit and let the other unit help pay the mortgage. The property is serviced by natural gas, city sewer & water with each unit being metered seperately. New roof in 2016. New Garage Doors in 2019. Close to downtown LaGrange, Parkview Hospital or Heron Creek Golf Course. The Seller requests all offers to have a 72 hour expiration.

Last Listed By

Stacy Rofkahr

Mike Thomas Associates Listed on: 05/17/2021

Mike Thomas Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,974

Year Built

  • Built in 1989

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 111x200.4
  • Level Lot

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 1,888 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Crawl Space
  • Fire and Smoke Detector
  • Laminate Countertops
  • Laundry in Utility Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cooling, heating, sewer, water
  • The owner pays for lawn maintenance, snow removal
  • Assessor Parcel Number 44-07-19-300-003.096-002

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $600
  • Maintenance Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,974

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1989
  • Age: 32
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: NW 1/4 SW 1/4 111x200.04' .51 AC
  • Parcel Number ID: 44-07-19-300-003.096-002
  • Platted: Yes
  • Amenities: Ceiling Fan, Countertops-Laminate, Deck Open, Detector-Smoke, Garage Door Opener
  • Sp Lp Percent: 107.96
  • Monthly Gross Income: 1225
  • Special Features: None

Interior Features

  • Total Sq Ft: 1888
  • Total Finished Sq Ft: 1888
  • Above Grade Finished Sq Ft: 1888
  • Price Per Sq Ft: 97.16
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl
  • Number Of Disposals: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Annual Insurance Expense: 600
  • Annual Maintenance Expense: 1000
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Lakeland School Corp
  • Elementary School: Lakeland Primary
  • Middle School: Lakeland Intermediate
  • High School: Lakeland Jr/Sr

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 111x200.4
  • Estimated Lot Sq Ft: 22216
  • Estimated Lot Size Acres: 0.51

Rental Info

  • Owner Pays: Lawn Maintenance, Snow Removal
  • Tenant Pays: Cooling, Heating, Sewer, Water

Multi Family

  • Gross Monthly Rent: 1225
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1974

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2021
Closed on
Jun 9, 2021
Sold by
Merrifield Mary K
Bought by
River & Vine Properties Llc
Seller's Agent
Stacy Rofkahr
Mike Thomas Associates
Buyer's Agent
Heather Culler
Mike Thomas Associates
List Price
$169,900
Sold Price
$183,429
Premium/Discount to List
$13,529
7.96%
Total Days on Market
4
Current Estimated Value
$202,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,535
Avg. Annual Appreciation
2.62%
Interest Rate
2.99%

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
River & Vine Properties Llc $183,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open River And Vine Properties Llcs $167,467
Closed River & Vine Properties Llc --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2021 06/07/21 Sold $183,429 +8.0% $97 / Sq Ft
05/21/2021 05/21/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $169,900 -- $90 / 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 $3,530 $176,500 $25,500 $151,000
2023 $3,426 $171,300 $24,700 $146,600
2022 $3,264 $163,200 $21,600 $141,600
2021 $2,026 $101,300 $16,600 $84,700
2020 $1,974 $98,700 $15,100 $83,600
2019 $2,006 $100,300 $15,100 $85,200
2018 $1,990 $99,500 $15,100 $84,400
2017 $2,064 $103,200 $15,100 $88,100
2016 $2,016 $100,800 $15,100 $85,700
2014 $1,994 $99,700 $15,100 $84,600
2013 $1,994 $127,700 $15,100 $112,600
Source: Public Records

Agents Affiliated with this Home

  • Stacy Rofkahr

    Seller's Agent in 2021

    Stacy Rofkahr

    Mike Thomas Associates

    (260) 336-2122

    105 Total Sales

    Stacy Rofkahr
    Section Image
  • Heather Culler

    Buyer's Agent in 2021

    Heather Culler

    Mike Thomas Associates

    (260) 450-9515

    119 Total Sales

    Heather Culler
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202117962

Indiana Regional MLS

APN: 44-07-19-300-003.096-002

Indiana LaGrange County Lagrange 46761

405 N Sherman St, Lagrange, IN

Homes for Sale in Lagrange, IN

This home is located at 405 N Sherman St, Lagrange, IN 46761 since 17 May 2021 and is currently estimated at $202,964, approximately $107 per square foot. This property was built in 1989. 405 N Sherman St is a home located in LaGrange County with nearby schools including Lakeland High School, Southeast Clay School, and Countryside School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.