NOT LISTED FOR SALE

407 Franklin St Valparaiso, IN 46383

Estimated Value: $427,000 - $508,000

4 Beds
4 Baths
3,600 Sq Ft
$128/Sq Ft Est. Value

Last Sold June 08, 2021

Last sale price $369,500 $103 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,242/month

10 Days on Market

Highlights

  • 2 Car Detached Garage
  • Central Elementary School Rated A
  • Laundry Facilities

About This Home

As of June 2021

Location & design set this duplex home opportunity apart from the rest. As a live & rent or extended family living setup, it's a great setup. As an investment, the rents could be maximized. Each unit offers three levels, the main floor w/living, dining & kitchen, the upstairs w/2 bedrooms & a full bath, & the downstairs w/ family room/flex bedroom (non-conforming windows though!). Bedroom & family room features oversized wall to wall closets. Recent upgrades include roof in 2020, newer water heaters, one newer furnace, engineered strip vinyl flooring, granite top vanities, beautiful over-the-top tile bathrooms, & vintage kitchen cabinets & wall ovens that are 60s cool. Durable brick exterior, detached alley loaded garage w/covered concrete patio. Tenants pay all own utilities. Units bring in $1,000/mo & $1,100/mo, but proforma w/maximized market rents should put this at $1,400-$1,500/mo per unit for investors. Schedule your showing today on this great downtown duplex.

Last Agent to Sell the Property

Matt Evans

RE/MAX Lifestyles License #RB14034485 Listed on: 04/29/2021

RE/MAX Lifestyles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,624

Year Built

  • Built in 1963

Lot Details

  • 9,148 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • 3,600 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms

Listing and Financial Details

  • Assessor Parcel Number 640924181012000004

Community Details

Overview

  • 2 Units
  • Powells Sub Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,624

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1963
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Laundry
  • Co List Office Mls Id: GNR1855
  • Subdivision Name: Powells Sub
  • GNR_TotalBathrooms: 4
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Acres: 0.21

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Lot Info

  • Lot Size Sq Ft: 9148
  • ResoLotSizeUnits: Acres
  • Parcel #: 640924181012000004
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 7624

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2021
Sold by
Jl Meyer Properties Llc
Bought by
Jl Meyer Properties Llc
Current Estimated Value
$459,983

Purchase Details

Listed on
Apr 29, 2021
Closed on
Jun 1, 2021
Sold by
Ellis Leigh and Ellis Nancy Ann
Bought by
Jl Meyer Properties Llc
Seller's Agent
Matt Evans
RE/MAX Lifestyles
List Price
$369,500
Sold Price
$369,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.83%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Jl Meyer Properties Llc -- None Available
Jl Meyer Properties Llc -- Chicago Title Co Llc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2021 06/08/21 Sold $369,500 0.0% $103 / Sq Ft
05/09/2021 05/09/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $369,500 -- $103 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

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 $10,238 $262,300 $37,400 $224,900
2023 $9,377 $416,800 $37,400 $379,400
2022 $9,357 $379,900 $37,400 $342,500
2021 $8,621 $336,900 $37,400 $299,500
2020 $7,965 $306,200 $34,000 $272,200
2019 $7,624 $289,200 $34,000 $255,200
2018 $8,678 $329,500 $34,000 $295,500
2017 $8,519 $323,800 $34,000 $289,800
2016 $7,348 $303,000 $40,700 $262,300
2014 $5,736 $285,300 $38,400 $246,900
2013 -- $285,300 $38,700 $246,600
Source: Public Records

Agents Affiliated with this Home

  • Matt Evans

    Seller's Agent in 2021

    Matt Evans

    RE/MAX

    (219) 241-8401

    125 in this area

    275 Total Sales

    Matt Evans
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR491589

Northwest Indiana Association of REALTORS®

APN: 64-09-24-181-012.000-004

Indiana Porter County Valparaiso 46383

407 Franklin St, Valparaiso, IN

Not Listed for Sale

MultiFamily

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