NOT LISTED FOR SALE

407 N Sherman St Lagrange, IN 46761

3 Beds
3 Baths
1,792 Sq Ft
0.49 Acres

Last Sold February 25, 2015

Last sale price $87,000 $49 Per Sq Ft

208 Days on Market

Highlights

  • 2 Car Attached Garage
  • Level Lot
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of February 2015

Duplex all on one level – good LaGrange Location. Possible land contract terms. Floor plan sketch attached in associated documents. This property is extremely easy to rent. Or, live in one side and rent the other to make our payments! Both sides are currently rented, but the tenants can move out with notice if new owner wants to live in one side. The two-car garage is a nice feature that many duplexes do not have. Natural gas heat. Per owner…. Smaller side (South) is rented at $100.00 per week. Larger side (North) is rented at $140 per week. Both tenants also pay their own electric and natural gas – NIPSCO bill. Both tenants also pay their own trash and sewer/water. Landlord pays insurance and repair. Landlord also removes snow. One of the tenants does all the mowing and leaf raking in trade for being able to use both sides of the 2-car garage. There are no leases. Net income reported on grid is approximate. Landlord does own management and repairs himself. Insurance would have to be quoted to be accurate for buyer’s budget projections. This is a very low traffic, pretty location & close to park. South unit is one bedroom and one bath. North unit is two bedrooms and two baths. Each has their own utility room and back deck. Nice mature trees and plenty of lawn to enjoy. This is a modular on crawl space foundation.

Last Listed By

Penny Miller

RE/MAX Results - Wolcottville office Listed on: 07/03/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,792

Year Built

  • Built in 1983

Lot Details

  • 0.49 Acre Lot
  • Lot Dimensions are 110x200
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 1,792 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Location

  • Suburban Location

Schools

  • Lakeland Primary Elementary School
  • Lakeland Intermediate
  • Lakeland Jr/Sr High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cooling, electric, heating, lawn maintenance, sewer, trash collection, water
  • The owner pays for maintenance, snow removal
  • Assessor Parcel Number 44-07-19-300-003.055-002

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $700
  • Maintenance Expense $800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,792

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1983
  • Age: 32
  • Style: One Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: PT OUT NW PT SW 200.04 X 110' |
  • Parcel Number ID: 44-07-19-300-003.055-002
  • Platted: Yes
  • Amenities: Deck Open
  • Location: City/Town/Suburb
  • Section Number: 19
  • Sp Lp Percent: 91.58
  • Monthly Gross Income: 1040
  • Year Taxes Payable: 13/14
  • Special Features: None

Interior Features

  • Total Sq Ft: 1792
  • Total Finished Sq Ft: 1792
  • Above Grade Finished Sq Ft: 1792
  • Price Per Sq Ft: 48.55
  • Basement Foundation: Crawl
  • Flooring: Mixed
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 3
  • Parking: Garage

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 700
  • Annual Maintenance Expense: 800
  • Number Of W D Hookups: 2

Schools

  • School District: Lakeland School Corp
  • Elementary School: Lakeland Primary
  • Middle School: Lakeland Intermediate
  • High School: Lakeland Jr/Sr
  • Elementary School: Lakeland Primary

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 110x200
  • Estimated Lot Sq Ft: 21344
  • Estimated Lot Size Acres: 0.49

Rental Info

  • Owner Pays: Maintenance, Snow Removal
  • Tenant Pays: Cooling, Electric, Heating, Lawn Maintenance, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 960
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1792

MLS Schools

  • High School: Lakeland Jr/Sr
  • Middle School: Lakeland Intermediate
  • School District: Lakeland School Corp

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2015 02/25/15 Sold $87,000 -8.4% $49 / Sq Ft
01/27/2015 01/27/15 Pending -- -- --
07/03/2014 07/03/14 For Sale $95,000 -- $53 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2015

    Penny Miller

    RE/MAX

  • Dinah Ward

    Buyer's Agent in 2015

    Dinah Ward

    Pumpkin Vine Realty

    (574) 333-1960

    37 Total Sales

    Dinah Ward
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Map

Source: Indiana Regional MLS

MLS Number: 201427937

Indiana Regional MLS

Indiana LaGrange County Lagrange 46761

407 N Sherman St, Lagrange, IN

Homes for Sale in Lagrange, IN

This home is located at 407 N Sherman St, Lagrange, IN 46761 since 03 July 2014. This property was built in 1983. 407 N Sherman St is a home located in LaGrange County with nearby schools including Lakeland High School, Southeast Clay School, and Countryside 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.