NOT LISTED FOR SALE

413-415 S Main St Lapel, IN 46051

Estimated Value: $174,000 - $195,397

2 Beds
2 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold August 08, 2024

Last sale price $185,000

Est. 1% increase in value since last sale

Current estimated payment $1,243/month

17 Days on Market

About This Home

As of August 2024

Expand your portfolio with this well kept Lapel duplex with tenants in both sides! One bed, one bath, kitchen, and living room on each side. Each side has its own driveway space with detached garage for parking, as well as backyard space partially separated by a fence. Both units are mirror images of each other. Tenants pay all utilities. Owner has never had trouble filling these units! Both units have previously rented for $850 each side. 24 hour notice minimum required for all viewings (tenant's rights.) 415 side is leased for $750 currently and is renewing for another year. 413 side is actively looking for a bigger place and should be moved out within a couple of months.

Last Agent to Sell the Property

Emily Huskey

Keller Williams Indy Metro S Brokerage Email: emilyhuskey@kw.com License #RB17000722 Listed on: 06/28/2024

Keller Williams Indy Metro S

Last Buyer's Agent

Ray Podesta

Stone & Gable Realty License #RB18000961

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,458

Year Built

  • Built in 1951

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Bungalow
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Schools

  • Lapel Elementary School
  • Lapel Middle School
  • Lapel Sr High School

Community Details

  • Woodwards Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 481028401120000032
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,458

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1951
  • Lot Size Acres: 0.2
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Duplex
  • Subdivision Name: Woodwards
  • Transaction Type: Sale
  • Website: www.indy.kw.com
  • Conversion: No
  • Price Unit: 92500
  • MBR_AttributionContact: emilyhuskey@kw.com
  • Multi Rooms: 8
  • Attribution Contact: emilyhuskey@kw.com
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: One
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Vinyl Siding
  • Fencing: Partial
  • Foundation Details: Block
  • List Price: 200000
  • Road Access: Frontage Road

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Gravel
  • Unit Parking: 1 Car Garage

Utilities

  • Cooling: Central Electric
  • Laundry Features: Connections All
  • Security Features: Smoke Alarm
  • Solid Waste: No

Fee Information

  • Expenses: 0

Schools

  • Middle Or Junior School: Lapel Middle School

Lot Info

  • Lot Features: Not Applicable
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Current Use: Multi-Family, Residential
  • Lot Size Sq Ft: 8712
  • Parcel Number: 481028401120000032
  • Acres: <1/4 Acre
  • Price Acre: 925000

Green Features

  • Green Certification Y N: No

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2458
  • Tax Lot: 5
  • Semi Annual Property Tax Amt: 1229

MLS Schools

  • Elementary School: Lapel Elementary School
  • High School: Lapel Sr High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2024
Closed on
Aug 8, 2024
Sold by
Burns Brennan C
Bought by
Rosas Omar
Seller's Agent
Emily Huskey
Keller Williams Indy Metro S
Buyer's Agent
Ray Podesta
Stone & Gable Realty
List Price
$200,000
Sold Price
$185,000
Premium/Discount to List
-$15,000
-7.5%
Views
106
Current Estimated Value
$187,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,099
Avg. Annual Appreciation
1.10%
Original Mortgage
$138,750
Outstanding Balance
$137,427
Interest Rate
6.86%
Mortgage Type
Credit Line Revolving
Estimated Equity
$49,672

Purchase Details

Closed on
Jul 31, 2020
Sold by
Deuberry Robert and Deuberry Jeanna M
Bought by
Burns Brennan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
3.1%
Mortgage Type
New Conventional
Source: Public Records

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
Rosas Omar $185,000 Meridian Title
Burns Brennan C -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosas Omar $138,750
Previous Owner Burns Brennan C $94,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2024 08/08/24 Sold $185,000 -7.5% --
07/16/2024 07/16/24 Pending -- -- --
07/03/2024 07/03/24 For Sale $200,000 0.0% --
07/01/2024 07/01/24 Pending -- -- --
06/28/2024 06/28/24 For Sale $200,000 -- --
Source: MIBOR Broker Listing Cooperative®

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 $2,688 $134,400 $14,600 $119,800
2023 $2,458 $122,900 $13,900 $109,000
2022 $1,434 $71,700 $13,200 $58,500
2021 $1,488 $74,400 $13,200 $61,200
2020 $1,410 $70,500 $12,500 $58,000
2019 $1,346 $68,900 $12,500 $56,400
2018 $1,274 $63,700 $12,500 $51,200
2017 $1,264 $63,200 $12,500 $50,700
2016 $1,264 $63,200 $12,500 $50,700
2014 $1,310 $61,600 $12,500 $49,100
2013 $1,310 $61,600 $12,500 $49,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21987627

MIBOR Broker Listing Cooperative®

APN: 48-10-28-401-120.000-032