NOT LISTED FOR SALE

472 W Park Dr Huntington, IN 46750

Estimated Value: $231,000 - $285,000

3 Beds
4 Baths
3,517 Sq Ft
$74/Sq Ft Est. Value

Last Sold January 25, 2022

Last sale price $200,000 $57 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,708/month

264 Days on Market

Highlights

  • Corner Lot
  • Laundry in Utility Room
  • Landscaped
  • Entrance Foyer
  • Ceramic Tile Flooring
  • Ceiling height of 9 feet or more

About This Home

As of January 2022

GREAT INCOME-PRODUCING PROPERTY...Currently this property is generating $3,300.00 in monthly rents!!! At the present, part of the property is a Beauty Salon; Massage Room; and a 3 bedroom, 2-story, Rental property. The property has over 3,500-square feet plus a basement and several of the other rooms could easily be rented out to other types of vendors. (Nail Salon technician; Tattoo Artist; Make-Up Artist; Herb Shop; Aromatherapy; Barbershop; etc.) The property has a 5-year old dimensional roof; Brand NEW vinyl siding; newer replacement windows; all plumbing and Electrical has been up-graded within the past four years; and the flooring is only 4 years old. Two other parcels go along with this main property which have paved parking lots for appx. 20 to 24 cars to park in. Has FOUR 200-amp breaker boxes. EXCELLENT location with HIGH-visibly traffic. GREAT LOCATION for any kind of Business adventure!!!

Last Agent to Sell the Property

Betsy Bilyew

Century 21 The Property Shoppe Listed on: 03/23/2021

Century 21 The Property Shoppe

Last Buyer's Agent

Tina Cale-Coons

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,031

Year Built

  • Built in 1950

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 90 x 135
  • Landscaped
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Insulated Doors
  • Entrance Foyer

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Partially Finished Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 20 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Insulation
  • Energy-Efficient Doors
  • ENERGY STAR/Reflective Roof

Location

  • Suburban Location

Utilities

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

Listing and Financial Details

  • Tenant pays for electric, heating, sewer
  • The owner pays for cooling, electric, heating, maintenance, sewer, water
  • Assessor Parcel Number 35-05-15-300-515.200-005

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,920
  • Fuel Expense $2,400
  • Insurance Expense $1,200
  • Maintenance Expense $2,000
  • Water Sewer Expense $1,800

Additional Features

  • 3 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,031

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1950
  • Age: 71
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 4
  • Total Full Bathrooms: 1
  • Total Number of Half Bathrooms: 3
  • Legal Description: LAFONTAINES ADD PT LOT # 36
  • Parcel Number ID: 35-05-15-300-515.200-005
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Off Street Parking, Storage, Ceiling-9+, Foyer Entry, Landscaped, Water Heater Electric, Water Heater Gas, Washer Hook-Up
  • Location: City/Town/Suburb
  • Parcel Id2: 35-05-15-300-249.100-005
  • Sp Lp Percent: 95.27
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 3300
  • Special Features: None

Interior Features

  • Total Sq Ft: 4678
  • Total Finished Sq Ft: 3517
  • Above Grade Finished Sq Ft: 3517
  • Below Grade Sq Ft: 1161
  • Price Per Sq Ft: 56.87
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Ceramic Tile, Laminate, Tile, Vinyl
  • Total Below Grade Sq Ft: 1161
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 1
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Dimensional Shingles
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 20
  • Parking: Off Street, Paved

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Water Company: Huntington City Utilities
  • Annual Electric: 1920
  • Annual Fuel Expense: 2400
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 2000
  • Annual Water Sewer Expense: 1800
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Schools

  • School District: Huntington County Community
  • Elementary School: Flint Springs
  • Middle School: Crestview
  • High School: Huntington North

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 90 x 135
  • Estimated Lot Sq Ft: 12197
  • Estimated Lot Size Acres: 0.28

Green Features

  • Energy Efficient: Doors, Insulation, Roofing, Windows
  • Energy Efficient Windows/Doors: Insulated Doors, Storm Doors

Rental Info

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

Multi Family

  • Gross Monthly Rent: 3300
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 3
  • Number Of Washers: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 4031

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2021
Closed on
Jan 25, 2022
Sold by
Create A Kut Llc
Bought by
Jb Property Investment Group Llc
Seller's Agent
Betsy Bilyew
Century 21 The Property Shoppe
Buyer's Agent
Tina Cale-Coons
RE/MAX Real Estate Groups
List Price
$229,921
Sold Price
$200,000
Premium/Discount to List
-$29,921
-13.01%
Current Estimated Value
$261,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,754
Avg. Annual Appreciation
7.74%
Original Mortgage
$260,000
Outstanding Balance
$207,512
Interest Rate
2.43%
Mortgage Type
New Conventional
Estimated Equity
$54,242

Purchase Details

Closed on
Sep 2, 2005
Sold by
Stoffel Donna L
Bought by
Create A Kut Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.2%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Jb Property Investment Group Llc $200,000 Garwood Max
Create A Kut Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jb Property Investment Group Llc $260,000
Previous Owner Create A Kut Llc $56,861
Previous Owner Create A Kut Llc $93,970
Previous Owner Create A Kut Llc $340,700
Previous Owner Krouse Amanda J $17,000
Previous Owner Create A Kut Llc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2022 01/25/22 Sold $200,000 -4.7% $57 / Sq Ft
12/12/2021 12/12/21 Pending -- -- --
10/17/2021 10/17/21 Price Changed $209,921 -4.5% $60 / Sq Ft
08/03/2021 08/03/21 Price Changed $219,921 -4.3% $63 / Sq Ft
03/23/2021 03/23/21 For Sale $229,921 -- $65 / 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 $3,504 $122,700 $12,200 $110,500
2023 $3,504 $122,700 $12,200 $110,500
2022 $3,572 $125,100 $12,200 $112,900
2021 $3,291 $115,200 $12,200 $103,000
2020 $3,467 $121,400 $12,200 $109,200
2019 $3,467 $121,400 $12,200 $109,200
2018 $3,467 $121,400 $12,200 $109,200
2017 $3,430 $120,100 $12,200 $107,900
2016 $3,396 $118,900 $12,200 $106,700
2014 $3,274 $114,600 $12,200 $102,400
2013 $3,274 $116,800 $12,200 $104,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202112456

Indiana Regional MLS

APN: 35-05-15-300-515.200-005