$645,000
SOLD AUG 6, 2024

47373 State Road 28 Redkey, IN 47373

-- Bed
-- Bath
-- Sq Ft
5.87 Acres

Recently Sold

7% Below List Price

39 Days on Market

About This Home

As of August 2024

Whether you're a seasoned investor looking to diversify your portfolio or an entrepreneur seeking a rewarding business opportunity, this rural mobile home park offers great investment potential. There is also a rental home located at the back of the property. This mobile home park combines the charm of rural living with the convenience of nearby amenities. Situated on 5.87 acres near the Mississinewa River, this property offers a unique investment opportunity priced at $695,000.

Last Agent to Sell the Property

Paul Faddis

Tarter Realty Auction and Appraisal Company

Last Buyer's Agent

Diana Martin

NonMember MEIAR

NonMember MEIAR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,553

Year Built

  • Built in 2010

Lot Details

  • 5.87 Acre Lot
  • Rural Setting

Home Design

  • Metal Roof

Basement

  • Crawl Space

Parking

  • 33 Parking Spaces
  • Private Parking
  • Off-Street Parking

Schools

  • Monroe Central Elementary And Middle School
  • Monroe Central High School

Utilities

  • Multiple Heating Units
  • Private Company Owned Well
  • Well
  • Septic System

Community Details

  • 33 Units

Listing and Financial Details

  • Tenant pays for electric, sewer
  • The owner pays for sewer, tax
  • Assessor Parcel Number 68-06-04-300-095.000-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,553

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 2010
  • Age: 14
  • Legal Description: 50' W End Lot No 6 Sw 4-21-12 .87 A Sw 4-21-12 5 A
  • Parcel Number ID: 68-06-04-300-095.000-003
  • Platted: Yes
  • Amenities: Off Street Parking
  • Location: Rural
  • Sp Lp Percent: 92.81
  • Monthly Gross Income: 14125
  • Year Taxes Payable: 2024
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Basement Foundation: Crawl

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Metal

Garage/Parking

  • Number Of Parking Spaces: 33
  • Parking: Private

Utilities

  • Heating Fuel: Multiple Heating Systems
  • Sewer: Septic
  • Water Utilities: Well
  • Well Type: Private

Schools

  • School District: Monroe Central School Corp.
  • Elementary School: Monroe Central
  • Middle School: Monroe Central
  • High School: Monroe Central
  • Elementary School: Monroe Central

Lot Info

  • Lot Description: 3-5.9999
  • Lot Dimensions: x
  • Estimated Lot Sq Ft: 255697
  • Estimated Lot Size Acres: 5.87

Rental Info

  • Owner Pays: Sewer, Tax
  • Tenant Pays: Electric, Sewer

Multi Family

  • Gross Monthly Rent: 14125
  • Number Of Units: 33

Tax Info

  • Annual Property Tax: 6553.02

MLS Schools

  • High School: Monroe Central
  • Middle School: Monroe Central
  • School District: Monroe Central School Corp.

Map

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

Property History

Date Event Price Change Sq Ft Price
08/06/2024 08/06/24 Sold $645,000 -7.2% --
05/31/2024 05/31/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $695,000 -- --
Source: Indiana Regional MLS

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 $6,927 $391,800 $23,900 $367,900
2023 $6,553 $395,800 $23,900 $371,900
2022 $7,678 $407,100 $23,900 $383,200
2021 $7,660 $389,300 $23,900 $365,400
2020 $7,817 $395,800 $23,900 $371,900
2019 $5,309 $300,100 $23,900 $276,200
2018 $5,382 $299,700 $23,900 $275,800
2017 $3,807 $230,400 $23,900 $206,500
2016 $2,819 $170,700 $23,900 $146,800
2014 $1,442 $89,900 $23,900 $66,000
2013 $1,442 $89,700 $23,900 $65,800
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $612,750 Credit Line Revolving
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $645,000 None Listed On Document
Warranty Deed $34,000 None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202413531

Indiana Regional MLS

APN: 68-06-04-300-095.000-003