NOT LISTED FOR SALE

430 N Main St Unit 3 Winchester, IN 47394

Estimated Value: $27,000 - $149,000

3 Beds
2.5 Baths
3,023 Sq Ft
$32/Sq Ft Est. Value

Last Sold July 20, 2016

Last sale price $30,000 $10 Per Sq Ft

Est. 226% increase in value since last sale

Current estimated payment $622/month

435 Days on Market

Highlights

  • Traditional Architecture
  • Eat-In Kitchen
  • Forced Air Heating System
  • Porch
  • Laundry in Utility Room
  • Community Storage Space

About This Home

As of July 2016

Wonderful Business opportunity.!! This building has apartments and a business in it. The front was a pizza house and upstairs and back are rentals. Great investment property. Front could be anything from office, retail, to pizza business. Maybe you would rather fix it up into an efficient apt. Choice is yours. Could bring in $1500 a month or more. Renters have a contract and this must be honored, until their Lease time is Up.

Last Listed By

Monte Cowen

Cowen Realty Group Listed on: 03/19/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 53x171

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Partially Finished Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Schools

  • Or Baker Elementary School
  • Driver Middle School
  • Winchester High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating, sewer
  • The owner pays for maintenance, tax, water
  • Assessor Parcel Number 68-09-20-108-087.000-021

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,500
  • Maintenance Expense $2,500
  • Water Sewer Expense $1,500

Additional Features

  • 3 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1900
  • Age: 116
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: Mumma Add Lot 144 Blk 8 Mummas Add 6' N Side Lot 143 Blk 8 |
  • Parcel Number ID: 68-09-20-108-087.000-021
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Storage, Countertops-Laminate, Eat-In Kitchen, Porch Open, Water Heater Electric, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 62.5
  • State Id: 0210111800
  • Annual Miscellaneous: 1000
  • Monthly Gross Income: 1500
  • Year Taxes Payable: 2014
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 3024
  • Total Finished Sq Ft: 3023
  • Above Grade Finished Sq Ft: 3023
  • Below Grade Sq Ft: 1
  • Price Per Sq Ft: 9.92
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Laminate, Vinyl
  • Total Below Grade Sq Ft: 1
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6
  • Parking: Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: Ohio Valley Gas Corp
  • Water Company: Indiana American Water Co
  • Cable Company: Comcast
  • Annual Insurance Expense: 1500
  • Annual Maintenance Expense: 2500
  • Annual Water Sewer Expense: 1500
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 2
  • Number Water Meters: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Randolph Central School Corp.
  • Elementary School: Or Baker
  • Middle School: Driver
  • High School: Winchester
  • Elementary School: Or Baker

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 53x171
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Rental Info

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

Tax Info

  • Total Assessed Value: 61600
  • Annual Property Tax: 1390

Multi Family

  • Gross Monthly Rent: 1500
  • Number Of Refrigerators: 2
  • Number Of Units: 3
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

MLS Schools

  • High School: Winchester
  • Middle School: Driver
  • School District: Randolph Central School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 27, 2015
Sold by
Norton Ronald R and Norton Gale L
Bought by
Dawning Management Llc
Total Days on Market
435
Current Estimated Value
$97,702

Purchase Details

Closed on
Jul 18, 2007
Sold by
Lovell Steven and Lovell Sherry
Bought by
Ramer Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,400
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage

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
Dawning Management Llc -- None Available
Ramer Rachel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramer Rachel $46,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2016 07/20/16 Sold $30,000 -37.5% $10 / Sq Ft
05/27/2016 05/27/16 Pending -- -- --
03/19/2015 03/19/15 For Sale $48,000 -- $16 / 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 $975 $42,500 $7,800 $34,700
2023 $975 $42,500 $7,800 $34,700
2022 $949 $41,100 $7,100 $34,000
2021 $961 $42,100 $7,800 $34,300
2020 $961 $42,100 $7,800 $34,300
2019 $961 $42,100 $7,800 $34,300
2018 $961 $42,100 $7,800 $34,300
2017 $946 $41,500 $7,800 $33,700
2016 $1,391 $59,100 $7,800 $51,300
2014 $1,431 $61,600 $8,400 $53,200
2013 $1,431 $59,800 $8,400 $51,400
Source: Public Records

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Source: Indiana Regional MLS

MLS Number: 201512724

Indiana Regional MLS

APN: 68-09-20-108-087.000-021