NOT LISTED FOR SALE

407 N Main St Kirklin, IN 46050

Estimated Value: $91,000 - $194,328

5 Beds
3 Baths
2,928 Sq Ft
$52/Sq Ft Est. Value

Last Sold August 17, 2020

Last sale price $50,000 $17 Per Sq Ft

Est. 206% increase in value since last sale

Current estimated payment $1,012/month

147 Days on Market

Highlights

  • Senior Community
  • Corner Lot
  • Laundry in Utility Room
  • Traditional Architecture
  • 1 Car Detached Garage
  • Shed

About This Home

As of August 2020

MAKE AN INVESTMENT !! - You’ll want to consider this 3 unit apartment building located in Kirklin. The lower north unit is 1,388 sq. ft. with 5 rooms, 2 bedrooms and 1 bath. Electric forced air furnace. This unit is pretty much ready to rent. Lower south unit (#2) is 645 sq. ft. with 3 rooms, 1 bedroom and 1 bath. Electric forced air furnace. This unit needs clean-up from a fire before it can be rented. Upper (#3) is 894 sq. ft. with 4 rooms, 2 bedrooms and 1 bath. Electric baseboard heat. This unit needs some plumbing repairs before it can be rented. Tenants pay electric which includes heat (3 meters). Owner pays water/sewer. 12x20 garage and 8x12 storage shed. Current owner lived in lower north so she has Homestead and Age deductions for the real estate taxes.

Last Listed By

Dave Rodkey

Dave Rodkey, REALTORS Listed on: 02/28/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $867

Year Built

  • Built in 1915

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Corner Lot
  • Level Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Foundation
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,928 Sq Ft Home
  • 2-Story Property
  • Laundry in Utility Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 1 Car Detached Garage
  • Driveway
  • Off-Street Parking

Schools

  • Clinton Central Elementary And Middle School
  • Clinton Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating

Additional Features

  • Shed
  • Suburban Location

Listing and Financial Details

  • Homestead Exemption
  • Tenant pays for electric
  • The owner pays for water
  • Assessor Parcel Number 12-15-12-276-001.000-007

Community Details

Overview

  • Senior Community
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$867

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1915
  • Age: 105
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Original Plat, Block 1, lot 56
  • Parcel Number ID: 12-15-12-276-001.000-007
  • Platted: Yes
  • Amenities: Off Street Parking
  • Cross Street: Washington St.
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 83.33
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 2928
  • Total Finished Sq Ft: 2928
  • Above Grade Finished Sq Ft: 2928
  • Price Per Sq Ft: 17.08
  • Basement Foundation: Crawl
  • Basement Material: Block, Brick
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 96

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Annual Insurance Expense: 1600
  • Annual Water Sewer Expense: 1200
  • Number Electric Meters: 3
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Schools

  • School District: Clinton Central School Corp.
  • Elementary School: Clinton Central
  • Middle School: Clinton Central
  • High School: Clinton Central
  • Elementary School: Clinton Central

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 66x132
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 83000
  • Exemptions: Over 65, Homestead
  • Annual Property Tax: 867.42

Multi Family

  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 2

MLS Schools

  • High School: Clinton Central
  • Middle School: Clinton Central
  • School District: Clinton Central School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2020
Closed on
Aug 17, 2020
Sold by
Catron Brenda and Bak Jum Nam
Bought by
Nehrig Ronald S and Nehrig Lisa J
Seller's Agent
Dave Rodkey
Dave Rodkey, REALTORS
Buyer's Agent
Dave Rodkey
Dave Rodkey, REALTORS
List Price
$60,000
Sold Price
$50,000
Premium/Discount to List
-$10,000
-16.67%
Total Days on Market
147
Current Estimated Value
$153,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,109
Avg. Annual Appreciation
26.82%

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
Nehrig Ronald S -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2020 08/17/20 Sold $50,000 -16.7% $17 / Sq Ft
07/24/2020 07/24/20 Pending -- -- --
07/18/2020 07/18/20 For Sale $60,000 0.0% $20 / Sq Ft
05/18/2020 05/18/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $60,000 -- $20 / 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 $1,911 $104,500 $9,200 $95,300
2023 $1,308 $105,100 $9,200 $95,900
2022 $1,554 $70,400 $9,200 $61,200
2021 $1,428 $65,100 $9,200 $55,900
2020 $407 $65,300 $9,200 $56,100
2019 $704 $83,000 $9,200 $73,800
2018 $867 $82,900 $9,200 $73,700
2017 $213 $82,700 $9,200 $73,500
2016 $200 $75,700 $9,600 $66,100
2014 $131 $71,700 $9,600 $62,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202007251

Indiana Regional MLS

APN: 12-15-12-276-001.000-007