NOT LISTED FOR SALE

405 W State St Ashley, IN 46705

Estimated Value: $163,000 - $177,490

6 Beds
3 Baths
2,125 Sq Ft
$80/Sq Ft Est. Value

Last Sold December 15, 2016

Last sale price $100,000 $47 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,043/month

52 Days on Market

Highlights

  • Luxury Vinyl Tile Flooring
  • Baseboard Heating
  • 1-Story Property
  • Forced Air Heating System
  • Level Lot

About This Home

As of December 2016

This is your opportunity to build wealth AND enjoy remarkable CASH FLOW! Ashley is poised to grow by leaps and bounds kids! There is a new bank going in right across the street from this money making Tri-Plex and new industry is locating in a MAJOR way, all of which will cause rents and real estate prices to grow substantially!!! Investing in Ashley-Hudson is a no brainer! This property already nets almost $13k a year (a return of 11%) and that will only INCREASE as Ashley grows! NOW is the time to invest, before prices go up!!!! LONG TERM RENTERS THAT PAY ON TIME this place has NEVER been empty. This property is cross listed as a residential MLS 201644953

Last Agent to Sell the Property

Timothy Zank

RE/MAX Results - Angola office Listed on: 09/25/2016

RE/MAX Results - Angola office

Last Buyer's Agent

Kevin Gerbers

CENTURY 21 Bradley Realty, Inc

CENTURY 21 Bradley Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,530

Year Built

  • Built in 1957

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 150 x 135
  • Level Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 76-11-31-430-230.000-018

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $625
  • Maintenance Expense $500
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,530

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1957
  • Age: 59
  • Style: One Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: LOT 25 BLK 15 & E 1/2 LOT 26 BLK 15 & LOT 24 BLK 15 & W 1/2 LOT 23 BLK 15
  • Parcel Number ID: 76-11-31-430-230.000-018
  • Platted: Yes
  • Amenities: Fireplace
  • Location: City/Town/Suburb
  • Section Number: 31
  • Sp Lp Percent: 80
  • Monthly Gross Income: 1400
  • Special Features: None

Interior Features

  • Total Sq Ft: 2125
  • Total Finished Sq Ft: 2125
  • Above Grade Finished Sq Ft: 2125
  • Price Per Sq Ft: 47.06
  • Basement Foundation: Slab
  • Flooring: Carpet, Vinyl Tile
  • Main Level Sq Ft: 2125
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Electricity, Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Annual Insurance Expense: 625
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 1200
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Dekalb Central United
  • Elementary School: Country Meadow
  • Middle School: Dekalb Central
  • High School: Dekalb Central

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 150 x 135
  • Estimated Lot Sq Ft: 20038
  • Estimated Lot Size Acres: 0.46

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric, Heating

Multi Family

  • Gross Monthly Rent: 1400
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1530

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2016
Closed on
Dec 15, 2016
Sold by
Mcclain Jay
Bought by
Mcclain Jay and Mcclain Dawn
Seller's Agent
Timothy Zank
RE/MAX Results - Angola office
Buyer's Agent
Kevin Gerbers
CENTURY 21 Bradley Realty, Inc
List Price
$125,000
Sold Price
$100,000
Premium/Discount to List
-$25,000
-20%
Current Estimated Value
$170,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,245
Avg. Annual Appreciation
6.27%
Original Mortgage
$70,000
Outstanding Balance
$58,102
Interest Rate
4.03%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$111,814
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
Mcclain Jay -- Metropolitan Title Of In
Mcclain Jay -- Metropolitan Title Of In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcclain Jay $70,000
Closed Mcclain Jay $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2016 12/15/16 Sold $100,000 -20.0% $47 / Sq Ft
11/16/2016 11/16/16 Pending -- -- --
09/25/2016 09/25/16 For Sale $125,000 -- $59 / 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 $1,403 $97,300 $5,200 $92,100
2023 $1,586 $94,100 $4,900 $89,200
2022 $1,695 $94,000 $4,800 $89,200
2021 $1,740 $86,700 $4,800 $81,900
2020 $1,736 $86,700 $4,800 $81,900
2019 $1,626 $81,200 $4,800 $76,400
2018 $1,554 $77,600 $4,800 $72,800
2017 $1,394 $69,600 $4,800 $64,800
2016 $1,380 $68,900 $4,800 $64,100
2014 $1,342 $67,100 $4,800 $62,300
2013 $1,342 $67,800 $4,800 $63,000
Source: Public Records

Agents Affiliated with this Home

  • Timothy Zank

    Seller's Agent in 2016

    Timothy Zank

    RE/MAX

    (260) 316-7364

    114 Total Sales

    Timothy Zank
    Section Image
  • Kevin Gerbers

    Buyer's Agent in 2016

    Kevin Gerbers

    CENTURY 21 Bradley Realty, Inc

    (260) 426-0633

    142 Total Sales

    Kevin Gerbers
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201644540

Indiana Regional MLS

APN: 76-11-31-430-230.000-018

Indiana Steuben County Ashley 46705

405 W State St, Ashley, IN

This home is located at 405 W State St, Ashley, IN 46705 since 25 September 2016 and is currently estimated at $170,245, approximately $80 per square foot. This property was built in 1957. 405 W State St is a home located in Steuben County with nearby schools including DeKalb High 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.

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