NOT LISTED FOR SALE

452 S Elm St Nappanee, IN 46550

Estimated Value: $134,000 - $158,000

2 Beds
2 Baths
1,016 Sq Ft
$144/Sq Ft Est. Value

Last Sold April 07, 2017

Last sale price $28,500 $28 Per Sq Ft

Est. 412% increase in value since last sale

Current estimated payment $916/month

3 Days on Market

Highlights

  • Enclosed patio or porch
  • Forced Air Heating System
  • Carpet
  • NorthWood High School Rated A-
  • Level Lot
  • 1-Story Property

About This Home

As of April 2017

Investment property, 2 units. 1st Unit - 1 bedroom,1 bath. 2nd unit - 1bedroom, 1 bath. Partial basement. In town convenience. Needs work. Sold As Is. All offers to provide verification of funds along with purchase agreement.

Last Listed By

Amy Cavender

Northern Lakes Realty Listed on: 03/06/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,232

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 33x132
  • Level Lot

Parking

  • 3 Parking Spaces

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Carpet
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Enclosed patio or porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 20-14-31-351-018.000-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,232

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 117
  • Style: One Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Hartman 2nd S N 1/2 Lot 362; (TIF 81)
  • Parcel Number ID: 20-14-31-351-018.000-029
  • Platted: Yes
  • Amenities: Porch Enclosed
  • Grid: 60 Elkhart Co.
  • Sp Lp Percent: 130.14
  • Special Features: None

Interior Features

  • Total Sq Ft: 1416
  • Total Finished Sq Ft: 1016
  • Above Grade Finished Sq Ft: 1016
  • Below Grade Sq Ft: 400
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 400
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 2

Schools

  • School District: Wa-Nee Community Schools
  • Elementary School: Nappanee
  • Middle School: NorthWood
  • High School: NorthWood

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 33x132
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1

Multi Family

  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2020
Sold by
Slabaugh Lynford K
Bought by
Gingerich Daniel E
Total Days on Market
3
Current Estimated Value
$145,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,333
Outstanding Balance
$75,029
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$71,129

Purchase Details

Closed on
Mar 3, 2020
Sold by
Slabaugh Lynford K and Slabaugh Rachel A
Bought by
Gingerich Daniel E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,333
Outstanding Balance
$75,029
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$71,129

Purchase Details

Listed on
Mar 6, 2017
Closed on
Apr 15, 2017
Sold by
U S Bank National Association
Bought by
Slabaugh Lynford K and Slabaugh Rachel A
Seller's Agent
Amy Cavender
Northern Lakes Realty
Buyer's Agent
Amy Troyer
Snyder Strategy Realty Inc.
List Price
$21,900
Sold Price
$28,500
Premium/Discount to List
$6,600
30.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.46%

Purchase Details

Closed on
Feb 3, 2017
Sold by
Brubaker Martin
Bought by
Us Bank National Association

Purchase Details

Closed on
Nov 2, 2016
Sold by
George Billy C
Bought by
Chupp Emanuel

Purchase Details

Closed on
Jan 30, 2006
Sold by
Martin Gary G and Martin Phoebe Jane
Bought by
Brubaker Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,500
Interest Rate
8.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 27, 2006
Sold by
Cunningham Robert W
Bought by
Brubaker Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,500
Interest Rate
8.75%
Mortgage Type
Fannie Mae Freddie Mac

Range of Values:

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Average Value
Not Available
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
Gingerich Daniel E $110,832 None Listed On Document
Gingerich Daniel E $110,832 None Listed On Document
Slabaugh Lynford K -- Sojourners Title Agency
Us Bank National Association -- None Available
Chupp Emanuel -- --
Brubaker Martin -- Stewart Title
Brubaker Martin -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gingerich Daniel E $83,333
Closed Gingerich Daniel E $83,333
Previous Owner Brubaker Martin $71,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2017 04/07/17 Sold $28,500 +30.1% $28 / Sq Ft
03/09/2017 03/09/17 Pending -- -- --
03/06/2017 03/06/17 For Sale $21,900 -- $22 / 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 $1,232 $126,900 $6,800 $120,100
2022 $1,232 $110,000 $6,800 $103,200
2021 $880 $87,900 $6,800 $81,100
2020 $456 $57,400 $6,800 $50,600
2019 $1,194 $57,400 $6,800 $50,600
2018 $234 $11,200 $6,800 $4,400
2017 $1,016 $50,800 $6,800 $44,000
2016 $1,026 $50,800 $6,800 $44,000
2014 $1,030 $51,500 $6,800 $44,700
2013 $1,030 $51,500 $6,800 $44,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201708982

Indiana Regional MLS

APN: 20-14-31-351-018.000-029