NOT LISTED FOR SALE

435 Main St Lapel, IN 46051

Estimated Value: $143,000 - $191,000

3 Beds
1 Bath
1,154 Sq Ft
$146/Sq Ft Est. Value

Last Sold May 19, 2023

Last sale price $131,000 $114 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $931/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Wrap Around Porch
  • Wood Flooring
  • No HOA
  • Eat-In Country Kitchen

About This Home

As of May 2023

This home is located at 435 Main St, Lapel, IN 46051 since 04 April 2023 and is currently estimated at $168,825, approximately $146 per square foot. This property was built in 1900. 435 Main St is a home located in Madison County with nearby schools including Lapel Elementary School, Lapel Middle School, and Lapel Senior High School.

Last Agent to Sell the Property

Robert Kincaid

Kincaid REALTORS, LLC License #RB14019107 Listed on: 04/04/2023

Co-Listed By

Shirley Mueller

Kincaid REALTORS, LLC License #RB14033173

Last Buyer's Agent

Cara Gehring

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $622

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Fixer Upper
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,154 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Pull Down Stairs to Attic
  • Laundry in Garage
  • Property Views

Kitchen

  • Eat-In Country Kitchen
  • Electric Cooktop
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Wrap Around Porch
  • Shed
  • Storage Shed

Location

  • City Lot

Schools

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

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 48 10 28 401 135.000 032
  • Assessor Parcel Number 481028401135000032

Home Details

Home Type

Single Family

Est. Annual Taxes

$622

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1900
  • Building Area Total: 1154
  • Co List Office Phone: 317-848-1118
  • Garage Y N: Yes
  • Lot Size Acres: 0.2
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: kincaid@realtor.com
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Electric Cooktop, Disposal, Gas Water Heater, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Attic Pull Down Stairs, Eat-in Kitchen
  • Living Area: 1154
  • Areas Interior: Laundry in Garage
  • Eating Area: Dining Combo/Living Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1154
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Country
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Vinyl Siding
  • Direction Faces: East
  • Disclosures: Not Applicable
  • Exterior Features: Storage Shed
  • Foundation Details: Block
  • Patio And Porch Features: Covered Porch, Wrap Around
  • Property Condition: Fixer
  • View Y N: Yes
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Concrete
  • Garage Parking Other: Service Door

Utilities

  • Utilities: Electricity Connected, Gas, Sep Gas Meter
  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Curbs

Schools

  • Middle Or Junior School: Lapel Middle School

Lot Info

  • Lot Features: City Lot, Corner Lot
  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 8712
  • Parcel Number: 481028401135000032
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 622
  • Tax Lot: 48 10 28 401 135.000 032
  • Semi Annual Property Tax Amt: 311
  • Tax Exemption: Homestead Tax Exemption,Mortage Tax Exemption,Other Tax Exemption/See Remarks

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
Apr 4, 2023
Closed on
May 11, 2023
Sold by
Scherer Tarra L
Bought by
Scherer Garry M
Seller's Agent
Robert Kincaid
Kincaid REALTORS, LLC
Buyer's Agent
Cara Gehring
List Price
$124,900
Sold Price
$131,000
Premium/Discount to List
$6,100
4.88%
Views
24
Current Estimated Value
$164,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,532
Avg. Annual Appreciation
10.46%
Original Mortgage
$127,070
Outstanding Balance
$123,264
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$45,561

Purchase Details

Closed on
Dec 2, 2022
Sold by
Scherer Chyanna R
Bought by
Scherer Tarra L

Purchase Details

Closed on
Mar 25, 2013
Sold by
Bennett Thomas B and Bennett Jana J
Bought by
Scherer Garry M and Scherer Marsh A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,683
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 25, 2009
Sold by
Ridenour Joy E
Bought by
Bennett Thomas B and Bennett Jana J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Scherer Garry M $131,000 None Listed On Document
Scherer Tarra L -- --
Scherer Garry M -- --
Bennett Thomas B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scherer Garry M $127,070
Previous Owner Scherer Garry M $32,683
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2023 05/19/23 Sold $131,000 +4.9% $114 / Sq Ft
04/07/2023 04/07/23 Pending -- -- --
04/04/2023 04/04/23 For Sale $124,900 -- $108 / Sq Ft
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
2025 $818 $96,400 $14,600 $81,800
2024 $818 $96,400 $14,600 $81,800
2023 $712 $88,400 $13,900 $74,500
2022 $621 $87,700 $13,200 $74,500
2021 $621 $81,200 $13,200 $68,000
2020 $587 $77,100 $12,500 $64,600
2019 $523 $75,200 $12,500 $62,700
2018 $510 $68,200 $12,500 $55,700
2017 $474 $67,500 $12,500 $55,000
2016 $466 $67,500 $12,500 $55,000
2014 $504 $65,800 $12,500 $53,300
2013 $504 $66,000 $12,500 $53,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21913576

MIBOR Broker Listing Cooperative®

APN: 48-10-28-401-135.000-032