NOT LISTED FOR SALE

425 W Walnut St Kokomo, IN 46901

Old Silk Stocking Neighborhood

Estimated Value: $80,000 - $214,886

5 Beds
2 Baths
2,674 Sq Ft
$54/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $138,000 $52 Per Sq Ft

Current estimated payment $986/month

29 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Forced Air Heating System
  • Covered Patio or Porch
  • Laundry in Utility Room
  • 5-minute walk to Kokomo Arts Pavilion

About This Home

As of August 2022

Spacious duplex in Kokomo's beautiful Old Silk Stocking neighborhood! Each unit features over 1300sf, tall ceilings, hardwood floors, original woodwork, updated kitchens and washer/dryer hookups. Both units are rented on one-year leases and professional property management is already in place. This is a great opportunity to own a cash flowing duplex close to downtown!

Last Agent to Sell the Property

Audra Cannon

CRM Properties, Inc Listed on: 05/19/2022

Last Buyer's Agent

Audra Cannon

CRM Properties, Inc Listed on: 05/19/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,402

Year Built

  • Built in 1915

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 35x132
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Crawl Space

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

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

Utilities

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

Listing and Financial Details

  • Tenant pays for electric, fuel, water
  • The owner pays for building insurance, lawn maintenance, tax
  • Assessor Parcel Number 34-03-36-252-001.000-002

Community Details

Overview

  • $137 Other Monthly Fees
  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • Maintenance Expense $940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,402

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1915
  • Age: 107
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: WESTERN ADDN BY MILLS & JONES ET AL LOT 37 35' W SD
  • Parcel Number ID: 34-03-36-252-001.000-002
  • Platted: Yes
  • Amenities: Balcony, Porch Covered, Water Heater Gas, Washer Hook-Up
  • Sp Lp Percent: 92.06
  • Monthly Gross Income: 1565
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 5348
  • Total Finished Sq Ft: 2674
  • Above Grade Finished Sq Ft: 2674
  • Above Grade Unfinished Sq Ft: 1337
  • Below Grade Sq Ft: 1337
  • Price Per Sq Ft: 51.61
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Unfinished
  • Flooring: Carpet, Wood, Vinyl
  • Main Level Sq Ft: 1337
  • Total Below Grade Sq Ft: 1337
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick, Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Maintenance Expense: 940
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Other Fee Description: Management fees
  • Other Fees Dollar: 136.5
  • 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: 35x132
  • Estimated Lot Sq Ft: 4792
  • Estimated Lot Size Acres: 0.11

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Tax
  • Tenant Pays: Electric, Fuel, Water

Multi Family

  • Gross Monthly Rent: 1565
  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2402

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2022
Sold by
Hummer-Holmes Yolanda I and Hummer-Holmes Ashley
Bought by
Your Haven Llc
Current Estimated Value
$138,521

Purchase Details

Listed on
May 19, 2022
Closed on
Aug 16, 2022
Sold by
Flippin Rentals Llc
Bought by
Hummer-Holmes Ashley and Hummer-Holmes Yolanda I
Seller's Agent
Audra Cannon
CRM Properties, Inc
Buyer's Agent
Audra Cannon
CRM Properties, Inc
List Price
$149,900
Sold Price
$138,000
Premium/Discount to List
-$11,900
-7.94%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.49%
Original Mortgage
$103,500
Interest Rate
5.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2018
Sold by
Bonesteel Robert D
Bought by
Flippin Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Your Haven Llc -- --
Hummer-Holmes Ashley $138,000 Jaquinde William
Flippin Rentals Llc $84,000 --
Flippin Rentals Llc $84,000 Maugans J Conrad
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hummer-Holmes Ashley $103,500
Previous Owner Flippin Rentals Llc $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $138,000 -7.9% $52 / Sq Ft
05/19/2022 05/19/22 For Sale $149,900 -- $56 / 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 $2,783 $157,800 $14,900 $142,900
2022 $2,783 $138,700 $13,100 $125,600
2021 $2,402 $119,700 $13,100 $106,600
2020 $2,238 $111,500 $13,100 $98,400
2019 $2,189 $109,000 $10,500 $98,500
2018 $2,101 $104,600 $10,500 $94,100
2017 $2,083 $103,700 $10,500 $93,200
2016 $1,937 $96,400 $10,500 $85,900
2014 $1,712 $85,600 $9,500 $76,100
2013 $1,670 $83,500 $9,500 $74,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Audra Cannon

    CRM Properties, Inc

    (765) 431-9111

    4 in this area

    268 Total Sales

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Map

Source: Indiana Regional MLS

MLS Number: 202219170

Indiana Regional MLS

APN: 34-03-36-252-001.000-002

Indiana Howard County Kokomo 46901 Old Silk Stocking

425 W Walnut St, Kokomo, IN

This home is located at 425 W Walnut St, Kokomo, IN 46901 since 19 May 2022 and is currently estimated at $145,629, approximately $54 per square foot. This property was built in 1915. 425 W Walnut 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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