NOT LISTED FOR SALE

412 W Crystal Valley Dr Middlebury, IN 46540

24 Beds
16 Baths
7,095 Sq Ft
0.98 Acres

Last Sold November 25, 2020

Last sale price $626,000 $88 Per Sq Ft

5 Days on Market

Highlights

  • 0.98 Acre Lot
  • Corner Lot
  • Patio
  • Middlebury Elementary School Rated A-
  • Balcony
  • Forced Air Heating and Cooling System

About This Home

As of November 2020

Rare opportunity to invest in Middlebury Apartments! This 16 unit apartment building is fully occupied plus has a detached 8 stall garage space for additional income. **Multiple Offers**

Last Agent to Sell the Property

Steve Miller

RE/MAX Results-Goshen Listed on: 10/28/2020

RE/MAX Results-Goshen

Last Buyer's Agent

Travis Bontrager

Bontrager Realty, LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,592

Year Built

  • Built in 1984

Lot Details

  • 0.98 Acre Lot
  • Corner Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 7,095 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 16 Full Bathrooms

Parking

  • 25 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for lawn maintenance, maintenance, sewer, tax, water
  • Assessor Parcel Number 20-08-10-177-029.000-035

Community Details

Overview

  • 16 Units

Pet Policy

  • Pet Restriction

Building Details

  • 17 Separate Electric Meters
  • 16 Separate Gas Meters
  • Electric Expense $1,590
  • Fuel Expense $1,590
  • Insurance Expense $6,400
  • Maintenance Expense $5,359
  • Water Sewer Expense $4,486

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,592

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1984
  • Age: 36
  • Style: Two Story
  • Bedrooms: 24
  • Number Above Grade Bedrooms: 24
  • Total Bathrooms: 16
  • Total Full Bathrooms: 16
  • Legal Description: PT ON E SIDE W1/2 NW1/4 SEC 10
  • Parcel Number ID: 20-08-10-177-029.000-035
  • Platted: Yes
  • Amenities: Off Street Parking, Balcony, Patio Open
  • Sp Lp Percent: 119.24
  • Monthly Gross Income: 8850
  • Special Features: None

Interior Features

  • Total Sq Ft: 7095
  • Total Finished Sq Ft: 7095
  • Above Grade Finished Sq Ft: 7095
  • Price Per Sq Ft: 88.23
  • Flooring: Mixed
  • Number Of Ranges Ovens: 16

Exterior Features

  • Exterior: Brick, Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 25

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1590
  • Annual Fuel Expense: 1590
  • Annual Insurance Expense: 6400
  • Annual Maintenance Expense: 5359
  • Annual Water Sewer Expense: 4486
  • Number Electric Meters: 17
  • Number Gas Meters: 16
  • Number Of W D Hookups: 4

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Middlebury Community Schools
  • Elementary School: Middlebury
  • Middle School: Northridge
  • High School: Northridge

Lot Info

  • Lot Description: Corner, Level, 0-2.9999
  • Lot Dimensions: .98 Acres
  • Estimated Lot Sq Ft: 42689
  • Estimated Lot Size Acres: 0.98

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Maintenance, Sewer, Tax, Water
  • Tenant Pays: Electric, Heating

Multi Family

  • Gross Monthly Rent: 8742
  • Number Of Dryers: 2
  • Number Of Refrigerators: 16
  • Number Of Units: 16
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 8
  • Num Of2 Bedrooms: 8
  • Num Of Units Rented: 16

Tax Info

  • Annual Property Tax: 10591.98

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
11/25/2020 11/25/20 Sold $626,000 +19.2% $88 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
10/28/2020 10/28/20 For Sale $525,000 -- $74 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202043944

Indiana Regional MLS