$155,000
SOLD MAY 29, 2020

408 W Mulberry St Kokomo, IN 46901

Old Silk Stocking Neighborhood
8 Beds
5 Baths
4,728 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$33 Per Sq Ft

21% Below List Price

23 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • Baseboard Heating
  • Wood Flooring
  • Ceiling Fan
  • Laundry Facilities

About This Home

As of May 2020

Great 5 unit income producing rental building. Washer and dryer are coin operated. 3 units are occupied and 2 units need updating before renting.

Last Agent to Sell the Property

Chris Mullinax

CRM Properties, Inc Listed on: 04/15/2020

Last Buyer's Agent

Michael Mygrant

Mygrant Realty & Appraisals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,588

Year Built

  • Built in 1919

Lot Details

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

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Tile Roof

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Washer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • 1 Bathroom in Basement

Parking

  • 5 Parking Spaces
  • Driveway
  • Parking Lot
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Lafayette Park Elementary School
  • Central Middle School
  • Kokomo High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for water
  • Assessor Parcel Number 34-03-36-209-011.000-002

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • Maintenance Expense $1,710
  • Water Sewer Expense $1,200

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,588

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1919
  • Age: 101
  • Style: Multi-Story (3+)
  • Architectural Style: Traditional
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: WESTERN ADDN BY MILLS & JONES ET AL LOT 16
  • Parcel Number ID: 34-03-36-209-011.000-002
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Cable Available, Cable Ready, Water Heater Gas, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 79.49
  • Monthly Gross Income: 2850
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 6824
  • Total Finished Sq Ft: 4728
  • Above Grade Finished Sq Ft: 4728
  • Below Grade Sq Ft: 2096
  • Price Per Sq Ft: 32.78
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl, Wood
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 2096
  • Number Of Ranges Ovens: 5

Exterior Features

  • Exterior: Brick
  • Roof Material: Tile
  • Stories: 3

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 5
  • Parking: Lot, Off Street

Utilities

  • Cooling: Window
  • Heating Fuel: Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: NIPSCO
  • Water Company: Indiana American Water Co
  • Cable Company: Comcast
  • Annual Maintenance Expense: 1710
  • Annual Water Sewer Expense: 1200
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Common Amenities: Laundry Facilities
  • Pet Restrictions: Yes

Schools

  • School District: Kokomo-Center Township Cons. S.D.
  • Elementary School: Lafayette Park
  • Middle School: Central
  • High School: Kokomo
  • Elementary School: Lafayette Park

Lot Info

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

Rental Info

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

Multi Family

  • Gross Monthly Rent: 2850
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Num Of2 Bedrooms: 4
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 3588

MLS Schools

  • High School: Kokomo
  • Middle School: Central
  • School District: Kokomo-Center Township Cons. S.D.

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
05/29/2020 05/29/20 Sold $155,000 -20.5% $33 / Sq Ft
05/08/2020 05/08/20 Pending -- -- --
04/15/2020 04/15/20 For Sale $195,000 +18.2% $41 / Sq Ft
12/20/2018 12/20/18 Sold $165,000 0.0% $63 / Sq Ft
09/17/2018 09/17/18 Pending -- -- --
09/14/2018 09/14/18 For Sale $165,000 -- $63 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Chris Mullinax

    CRM Properties, Inc

    (765) 860-8010

    7 Total Sales

    Section Image
  • Michael Mygrant

    Buyer's Agent in 2020

    Michael Mygrant

    Mygrant Realty & Appraisals

    (765) 461-7608

    9 in this area

    148 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202013667

Indiana Regional MLS

Indiana Howard County Kokomo 46901 Old Silk Stocking

408 W Mulberry St, Kokomo, IN

This home is located at 408 W Mulberry St, Kokomo, IN 46901 and is currently priced at $155,000, approximately $32 per square foot. This property was built in 1919. 408 W Mulberry St is a home located in Howard County with nearby schools including Lafayette Park Elementary School, Central Middle School, and Kokomo High 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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