$248,500
SOLD NOV 6, 2023

473 E 50 N Wabash, IN 46992

3 Beds
1.5 Baths
2,852 Sq Ft
1.03 Acres

Recently Sold

$87 Per Sq Ft

21% Below List Price

115 Days on Market

Highlights

  • Living Room with Fireplace
  • 2 Car Attached Garage
  • Lot Has A Rolling Slope
  • Wood Flooring
  • Central Air
  • Walk-Up Access

About This Home

As of November 2023

Escape to this charming 3-bedroom, 1.5-bath countryside home on over an acre of land near Wabash. Inside, hardwood floors, built-in shelving, and a fireplace create a cozy cottage ambiance, while the dining room features character-rich built-in hutches. The main level hosts two bedrooms and a full bath, with a third bedroom and spacious open area upstairs. The walk-out basement includes a rec room and half bath. Notable updates like a new heat pump and modern kitchen enhance the home's functionality. Enjoy the three-season room with space heater to extend your enjoyment of the back yard once it is too cold to sit on the covered rear porch or patio. Don't miss this opportunity to embrace rural living with ample space and character; make it yours today!

Last Agent to Sell the Property

Kristi Lundquist

Lundquist Appraisals & Real Estate Brokerage Email: kristi@lundquistrealestate.com Listed on: 07/10/2023

Co-Listed By

Robert Lundquist

Lundquist Appraisals & Real Estate Brokerage Email: kristi@lundquistrealestate.com

Last Buyer's Agent

Jacob Rutledge

Terrell Realty Group, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $967

Year Built

  • Built in 1950

Lot Details

  • 1.03 Acre Lot
  • Rural Setting
  • Lot Has A Rolling Slope
  • Property is zoned S1, suburban

HOA Fees

  • $2 per month

Parking

  • 2 Car Attached Garage
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Poured Concrete
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Living Room with Fireplace
  • 2 Fireplaces

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Exterior Basement Entry
  • 1 Bathroom in Basement

Schools

  • Metro North/Sharp Creek Elementary School
  • Northfield Middle School
  • Northfield High School

Utilities

  • Central Air
  • Heat Pump System
  • Private Company Owned Well
  • Well
  • Septic System

Community Details

  • $2 Other Monthly Fees

Listing and Financial Details

  • Assessor Parcel Number 85-11-31-400-029.000-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$967

Year Built

Built in 1950

Lot Details

0

HOA Fees

$2 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1950
  • Age: 73
  • Style: One and Half Story
  • Total Number of Rooms: 8
  • Total Number of Rooms Below Grade: 2
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 1
  • Total Number of Half Bathrooms: 1
  • Legal Description: PT SE 31-28-7 1.03AC
  • Parcel Number ID: 85-11-31-400-029.000-003
  • Platted: Yes
  • Cross Street: US 24
  • Improvmnts In Last5 Yrs: Yes
  • Location: Rural
  • Road Access: County
  • Road Surface: Asphalt
  • Sp Lp Percent: 93.77
  • Zoning Description: suburban
  • County Zoning: S1
  • Year Taxes Payable: 2022 payable 2023
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 3504
  • Total Finished Sq Ft: 2852
  • Above Grade Finished Sq Ft: 2136
  • Below Grade Finished Sq Ft: 716
  • Below Grade Sq Ft: 652
  • Price Per Sq Ft: 116.34
  • Basement: Yes
  • Basement Foundation: Full Basement, Outside Entrance, Partially Finished, Walk-up
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 2
  • Fireplace: Living/Great Rm, Rec Rm
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood Floors, Vinyl
  • Living Great Room: Dimensions: 21x15, On Level: Main
  • Kitchen: Dimensions: 12x11, On Level: Main
  • Breakfast Room: Dimensions: 11x6, On Level: Main
  • Dining Room: Dimensions: 15x12, On Level: Main
  • Recreation Room: Dimensions: 21x15, On Level: Lower
  • Extra Room: Foyer, Dimensions: 5x5, On Level: Main
  • Bedroom 1: Dimensions: 13x13, On Level: Main
  • Bedroom 2: Dimensions: 13x12, On Level: Main
  • Bedroom 3: Dimensions: 13x10, On Level: Upper
  • Loft: Dimensions: 33x14, On Level: Upper
  • Main Level Sq Ft: 1368
  • Number Below Grade Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Number of Below Grade Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1368

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: None

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 22x28
  • Garage Sq Ft: 616
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air, Heat Pump
  • Heating Fuel: Electric, Heat Pump
  • Sewer: Septic
  • Water Utilities: Well
  • Well Type: Private

Condo/Co-op/Association

  • Other Fee Description: County Solid Waste Fee
  • Other Fees Dollar: 24

Schools

  • School District: MSD of Wabash County Schools
  • Elementary School: Metro North/Sharp Creek
  • Middle School: Northfield
  • High School: Northfield
  • Elementary School: Metro North/Sharp Creek

Lot Info

  • Lot Description: Rolling
  • Lot Dimensions: See plat map
  • Estimated Lot Sq Ft: 44867
  • Estimated Lot Size Acres: 1.03

Tax Info

  • Annual Taxes: 966.8
  • Total Assessed Value: 190800
  • Exemptions: Homestead, Mortgage

MLS Schools

  • High School: Northfield
  • Middle School: Northfield
  • School District: MSD of Wabash County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Nov 6, 2023
Sold by
Weissert Alex L and Weissert Cathy R
Bought by
Rutledge Jacob
Seller's Agent
Kristi Lundquist
Lundquist Appraisals & Real Estate
Buyer's Agent
Jacob Rutledge
Terrell Realty Group, LLC
List Price
$314,900
Sold Price
$248,500
Premium/Discount to List
-$66,400
-21.09%
Views
518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.53%
Original Mortgage
$243,998
Outstanding Balance
$239,760
Interest Rate
6.99%
Mortgage Type
FHA
Estimated Equity
$72,795

Purchase Details

Listed on
Jul 17, 2014
Closed on
Mar 10, 2015
Sold by
White Michael L and White Julie
Bought by
Weissert Alex L and Weissert Cathy R
Seller's Agent
Sue Dickos
Lundquist Appraisals & Real Estate
List Price
$189,000
Sold Price
$178,000
Premium/Discount to List
-$11,000
-5.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.92%

Purchase Details

Closed on
Jan 9, 2008
Sold by
White Michael L
Bought by
White Michael L and White Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
6.13%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $248,500 None Listed On Document
Warranty Deed -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $243,998 FHA
Previous Owner $45,000 Credit Line Revolving
Previous Owner $78,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 For Sale $265,000 +6.6% $93 / Sq Ft
11/06/2023 11/06/23 Sold $248,500 -6.2% $87 / Sq Ft
11/02/2023 11/02/23 Pending -- -- --
09/26/2023 09/26/23 Price Changed $265,000 -8.6% $93 / Sq Ft
09/12/2023 09/12/23 Price Changed $289,900 -3.3% $102 / Sq Ft
08/11/2023 08/11/23 Price Changed $299,900 -1.6% $105 / Sq Ft
07/25/2023 07/25/23 Price Changed $304,900 -3.2% $107 / Sq Ft
07/10/2023 07/10/23 For Sale $314,900 +76.9% $110 / Sq Ft
03/10/2015 03/10/15 Sold $178,000 -5.8% $63 / Sq Ft
03/03/2015 03/03/15 Pending -- -- --
07/17/2014 07/17/14 For Sale $189,000 -- $67 / 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 $1,635 $244,500 $17,500 $227,000
2023 $1,216 $207,200 $17,500 $189,700
2022 $967 $190,800 $17,500 $173,300
2021 $922 $170,400 $14,600 $155,800
2020 $799 $158,900 $14,600 $144,300
2019 $749 $157,600 $14,600 $143,000
2018 $712 $153,800 $14,600 $139,200
2017 $658 $150,200 $15,200 $135,000
2016 $418 $143,800 $15,200 $128,600
2014 $364 $133,400 $15,200 $118,200
2013 $299 $130,700 $15,200 $115,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202323930

Indiana Regional MLS

APN: 85-11-31-400-029.000-003