$135,500
SOLD SEP 30, 2024

406 S Elm St Nappanee, IN 46550

3 Beds
1 Bath
1,076 Sq Ft
6,186 Sq Ft Lot

Recently Sold

$126 Per Sq Ft

10% Below List Price

15 Days on Market

Highlights

  • Level Lot
  • NorthWood High School Rated A-
  • Carpet

About This Home

As of September 2024

Investment property with tenants in place. Main house has 3 bed, 1 bath . Converted garage has 1 bed, kitchen , full bath.

Last Agent to Sell the Property

Patricia Miller

Century 21 Circle Brokerage Phone: 574-293-2121 Listed on: 08/13/2024

Century 21 Circle

Last Buyer's Agent

David Singell

Myers Trust Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,628

Year Built

  • Built in 1910

Lot Details

  • 6,186 Sq Ft Lot
  • Lot Dimensions are 66x95
  • Level Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Schools

  • Nappanee Elementary School
  • Northwood Middle School
  • Northwood High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for building insurance, electric, heating, sewer, tax, trash collection, water
  • Assessor Parcel Number 20-14-31-351-017.000-029

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $1,106
  • Fuel Expense $1,106
  • Insurance Expense $2,400
  • Water Sewer Expense $1,161

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,628

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1910
  • Age: 114
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: HARTMAN 2ND SOUTH E 94FT LOT 361 (TIF 81)
  • Parcel Number ID: 20-14-31-351-017.000-029
  • Platted: Yes
  • Amenities: Off Street Parking, Water Heater Gas
  • Sp Lp Percent: 90.33
  • Monthly Gross Income: 1650
  • Year Taxes Payable: 2024
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2152
  • Total Finished Sq Ft: 1076
  • Above Grade Finished Sq Ft: 1076
  • Below Grade Sq Ft: 1076
  • Price Per Sq Ft: 125.93
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 1076
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Window
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1106.14
  • Annual Fuel Expense: 1106.14
  • Annual Insurance Expense: 2400
  • Annual Water Sewer Expense: 1160.75
  • Number Of W D Hookups: 1

Schools

  • School District: Wa-Nee Community Schools
  • Elementary School: Nappanee
  • Middle School: NorthWood
  • High School: NorthWood
  • Elementary School: Nappanee

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 66X95
  • Estimated Lot Sq Ft: 6186
  • Estimated Lot Size Acres: 0.14
  • Lot Number: 361

Rental Info

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

Tax Info

  • Total Assessed Value: 126300
  • Annual Property Tax: 2627.52

Multi Family

  • Gross Monthly Rent: 1650
  • Number Of Refrigerators: 1
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

MLS Schools

  • High School: NorthWood
  • Middle School: NorthWood
  • School District: Wa-Nee Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2024
Closed on
Sep 30, 2024
Sold by
Elm Street Preservation Trust
Bought by
Integrity Partnerships Llc
Seller's Agent
Patricia Miller
Century 21 Circle
Buyer's Agent
David Singell
Myers Trust Real Estate
List Price
$150,000
Sold Price
$135,500
Premium/Discount to List
-$14,500
-9.67%
Views
34
Current Estimated Value
$144,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,869
Avg. Annual Appreciation
3.46%

Purchase Details

Closed on
Nov 19, 2020
Sold by
Gravelton Properties Llc
Bought by
Elm Street Preservation Trusts

Purchase Details

Closed on
Aug 6, 2020
Sold by
Cline Dale R and Cline Kathy E
Bought by
Gravelton Properties Llc
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 Type Sale Price Title Company
Deed $136,500 Acuity Title
Quit Claim Deed -- None Available
Warranty Deed -- Walter Christopher G
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $505,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2024 09/30/24 Sold $135,500 -9.7% $126 / Sq Ft
08/13/2024 08/13/24 For Sale $150,000 -- $139 / 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 $2,628 $136,200 $11,500 $124,700
2022 $2,628 $116,300 $11,500 $104,800
2021 $1,957 $94,100 $11,500 $82,600
2020 $1,352 $64,900 $11,600 $53,300
2019 $1,354 $64,900 $11,600 $53,300
2018 $1,357 $64,900 $11,600 $53,300
2017 $1,290 $64,300 $11,600 $52,700
2016 $1,290 $64,300 $11,600 $52,700
2014 $947 $47,200 $11,600 $35,600
2013 $947 $47,200 $11,600 $35,600
Source: Public Records

Agents Affiliated with this Home

  • Patricia Miller

    Seller's Agent in 2024

    Patricia Miller

    Century 21 Circle

    (574) 202-1778

    8 in this area

    115 Total Sales

    Section Image
  • David Singell

    Buyer's Agent in 2024

    David Singell

    Myers Trust Real Estate

    (574) 536-1191

    1 in this area

    159 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202430846

Indiana Regional MLS

APN: 20-14-31-351-017.000-029

Indiana Elkhart County Nappanee 46550

406 S Elm St, Nappanee, IN

This home is located at 406 S Elm St, Nappanee, IN 46550 and is currently priced at $135,500, approximately $125 per square foot. This property was built in 1910. 406 S Elm St is a home located in Elkhart County with nearby schools including NorthWood High School, South Side Christian School, and Sunny Meadow Amish 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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