NOT LISTED FOR SALE

4236 N State Road 161 Richland, IN 47634

Estimated Value: $90,000 - $178,000

4 Beds
2 Baths
1,560 Sq Ft
$90/Sq Ft Est. Value

Last Sold March 29, 2023

Last sale price $130,000 $83 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $957/month

2 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • 1 Car Garage
  • Eat-In Kitchen
  • Ceiling Fan
  • 2-minute walk to Richland Park

About This Home

As of March 2023

Great investment opportunity!! Solid all brick ranch on a large corner lot in a rural community. Completely remodeled duplex 2021- featuring new roof, new HVAC systems, new water heaters, new flooring throughout, new cabinetry and appliances, new windows, new plumbing, new electrical and so much more! This well laid out duplex offers an abundance of space in each unit with 2 bedrooms, large living space, eat-in kitchen, and 2 covered carports. Each unit is currently rented and producing a monthly income of $1250. Tenants pay their own utilities. 2 separate meters, 2 septic systems- cleaned and pumped in 2021. Great location in the heart of Richland, and short commute to Rockport or Boonville/Newburgh. Don't miss out on adding this rare find to your investment portfolio!

Last Agent to Sell the Property

Carson Lowry

RE/MAX REVOLUTION Listed on: 03/04/2023

RE/MAX REVOLUTION

Last Buyer's Agent

Janice Miller

ERA FIRST ADVANTAGE REALTY, INC

ERA FIRST ADVANTAGE REALTY, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,420

Year Built

  • Built in 1956

Lot Details

  • Lot Dimensions are 62x145
  • Rural Setting
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Crawl Space
  • Storm Doors
  • Eat-In Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Garage
  • Carport

Location

  • Suburban Location

Schools

  • Luce Elementary School
  • South Spencer Middle School
  • South Spencer High School

Utilities

  • Forced Air Heating and Cooling System
  • Septic System

Listing and Financial Details

  • Tenant pays for electric, trash collection, water
  • The owner pays for electric, trash collection, water
  • Assessor Parcel Number 74-12-34-404-007.000-019

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,420

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1956
  • Age: 67
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Richland JC Lot 15 |
  • Parcel Number ID: 74-12-34-404-007.000-019
  • Platted: Yes
  • Amenities: Ceiling Fan, Eat-In Kitchen, Storm Doors
  • Location: City/Town/Suburb, Rural
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1250
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 1560
  • Total Finished Sq Ft: 1560
  • Above Grade Finished Sq Ft: 1560
  • Price Per Sq Ft: 83.33
  • Basement Foundation: Crawl
  • Flooring: Carpet, Laminate
  • Main Level Sq Ft: 1560
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick
  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: Septic
  • Water Utilities: Public
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2

Schools

  • School District: South Spencer County School Corp.
  • Elementary School: Luce
  • Middle School: South Spencer
  • High School: South Spencer
  • Elementary School: Luce

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 62x145

Rental Info

  • Lease Term: 1 Year, Renewal Options
  • Owner Pays: Electric, Trash Collection, Water
  • Tenant Pays: Electric, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1250
  • Number Of Dishwashers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1419.63

MLS Schools

  • High School: South Spencer
  • Middle School: South Spencer
  • School District: South Spencer County School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2023
Closed on
Mar 29, 2023
Sold by
Wyatt Willis Levi
Bought by
A & E Rentals Llc
Seller's Agent
Carson Lowry
RE/MAX REVOLUTION
Buyer's Agent
Janice Miller
ERA FIRST ADVANTAGE REALTY, INC
List Price
$130,000
Sold Price
$130,000
Views
15
Current Estimated Value
$139,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,674
Avg. Annual Appreciation
-4.14%

Purchase Details

Closed on
Jun 11, 2021
Sold by
Dlw Investments Llc
Bought by
Humbane Sabino W and Humbane Tari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 15, 2006
Sold by
Clark Donald R and Clark Krista F
Bought by
Ball Ronnie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.59%
Mortgage Type
Future Advance Clause Open End Mortgage
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
A & E Rentals Llc $130,000 --
Wyatt Willis Levi $130,000 --
Humbane Sabino W -- None Available
Ball Ronnie J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Humbane Sabino W $96,000
Previous Owner Ball Ronnie J $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2023 03/29/23 Sold $130,000 0.0% $83 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
03/04/2023 03/04/23 For Sale $130,000 -- $83 / 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 $2,418 $120,900 $3,900 $117,000
2023 $1,506 $75,300 $5,500 $69,800
2022 $1,434 $71,700 $5,500 $66,200
2021 $1,385 $69,000 $5,500 $63,500
2020 $1,380 $69,000 $5,500 $63,500
2019 $1,224 $61,200 $5,500 $55,700
2018 $1,229 $61,200 $5,500 $55,700
2017 $2,349 $59,300 $5,500 $53,800
2016 $1,189 $59,300 $5,500 $53,800
2014 $1,030 $51,500 $4,000 $47,500
2013 $1,030 $50,400 $4,000 $46,400
Source: Public Records

Agents Affiliated with this Home

  • Carson Lowry

    Seller's Agent in 2023

    Carson Lowry

    RE/MAX

    (812) 305-4663

    513 Total Sales

    Carson Lowry
    Section Image
  • Janice Miller

    Buyer's Agent in 2023

    Janice Miller

    ERA FIRST ADVANTAGE REALTY, INC

    (812) 453-0779

    797 Total Sales

    Janice Miller
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202306241

Indiana Regional MLS

APN: 74-12-34-404-007.000-019

Indiana Spencer County Richland 47634

4236 N State Road 161, Richland, IN

This home is located at 4236 N State Road 161, Richland, IN 47634 since 04 March 2023 and is currently estimated at $139,674, approximately $89 per square foot. This property was built in 1956. 4236 N State Road 161 is a home located in Spencer County with nearby schools including South Spencer Middle School and South Spencer 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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