NOT LISTED FOR SALE

406 N Race St Monon, IN 47959

Estimated Value: $138,000 - $207,000

4 Beds
2 Baths
2,016 Sq Ft
$80/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $90,000 $45 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $982/month

506 Days on Market

Highlights

  • Solid Surface Countertops
  • Laundry in Utility Room
  • Wood Siding
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

As of December 2020

Wonderful investment opportunity. This well maintained duplex in Monon has two units each 2 bedroom 1 bath. Each unit has been updated properly over time with main updates within past 5 years making it a easy investment! There is a large 3 car garage on the property as well. Unit one is leased at $560/ month through 3/31/20. Second unit is leased through 6/30/19 at $600/month.

Last Listed By

Patrick Neary

F.C. Tucker/Shook Listed on: 03/05/2019

F.C. Tucker/Shook

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $549

Year Built

  • Built in 1981

Lot Details

  • 6,839 Sq Ft Lot
  • Lot Dimensions are 60x114

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,016 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Solid Surface Countertops
  • Laundry in Utility Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable, electric, fuel
  • The owner pays for tax
  • Assessor Parcel Number 91-84-21-000-007.200-014

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$549

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1981
  • Age: 39
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: OP Race Street Lot 12
  • Parcel Number ID: 91-84-21-000-007.200-014
  • Platted: Yes
  • Amenities: Countertops-Solid Surf
  • Inside City Limits: Yes
  • Sp Lp Percent: 90.09
  • Special Features: None

Interior Features

  • Total Sq Ft: 2016
  • Total Finished Sq Ft: 2016
  • Above Grade Finished Sq Ft: 2016
  • Price Per Sq Ft: 44.64
  • Basement Foundation: Crawl
  • Flooring: Carpet, Laminate
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick, Wood
  • Roof Material: Asphalt
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: North White School Corp.
  • Elementary School: North White Primary
  • Middle School: North White
  • High School: North White

Lot Info

  • Lot Dimensions: 60x114
  • Estimated Lot Sq Ft: 6839
  • Estimated Lot Size Acres: 0.157

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Tax
  • Tenant Pays: Cable, Electric, Fuel

Multi Family

  • Gross Monthly Rent: 1160
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 548.98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2019
Closed on
Dec 10, 2020
Sold by
Lazowski Gwen A
Bought by
Villelta Marta C D
Seller's Agent
Patrick Neary
F.C. Tucker/Shook
Buyer's Agent
Maria Campos
Indiana Integrity REALTORS
List Price
$110,000
Sold Price
$90,000
Premium/Discount to List
-$20,000
-18.18%
Total Days on Market
506
Current Estimated Value
$160,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,576
Avg. Annual Appreciation
14.10%

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
Villelta Marta C D -- Simplifile Lc E-Recording
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $90,000 -9.9% $45 / Sq Ft
07/23/2020 07/23/20 Pending -- -- --
06/15/2020 06/15/20 Price Changed $99,900 -4.9% $50 / Sq Ft
05/04/2020 05/04/20 Price Changed $105,000 -4.5% $52 / Sq Ft
03/03/2020 03/03/20 For Sale $110,000 0.0% $55 / Sq Ft
01/22/2020 01/22/20 Pending -- -- --
11/08/2019 11/08/19 For Sale $110,000 +22.2% $55 / Sq Ft
11/06/2019 11/06/19 Off Market $90,000 -- --
10/10/2019 10/10/19 Price Changed $110,000 -7.9% $55 / Sq Ft
09/10/2019 09/10/19 For Sale $119,500 +32.8% $59 / Sq Ft
09/06/2019 09/06/19 Off Market $90,000 -- --
07/03/2019 07/03/19 Price Changed $119,500 -2.4% $59 / Sq Ft
04/29/2019 04/29/19 Price Changed $122,500 -2.0% $61 / Sq Ft
03/05/2019 03/05/19 For Sale $125,000 -- $62 / 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 $1,098 $140,100 $4,700 $135,400
2023 $683 $100,700 $4,700 $96,000
2022 $749 $100,700 $4,700 $96,000
2021 $676 $93,700 $4,700 $89,000
2020 $644 $88,500 $4,700 $83,800
2019 $1,668 $83,400 $4,700 $78,700
2018 $547 $79,300 $4,700 $74,600
2017 $539 $78,500 $4,700 $73,800
2016 $526 $78,500 $4,700 $73,800
2014 $459 $73,900 $4,700 $69,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201907684

Indiana Regional MLS

APN: 91-84-21-000-007.200-014