$80,000
SOLD JUN 25, 2018

48 E King St Franklin, IN 46131

3 Beds
2 Baths
3,052 Sq Ft
5,184 Sq Ft Lot

Recently Sold

$26 Per Sq Ft

33% Above List Price

10 Days on Market

Highlights

  • Woodwork
  • Forced Air Heating and Cooling System
  • Garage

About This Home

As of August 2020

Great potential in Franklin 2 blocks from town square. This home needs to be brought back to its original beauty! The home features large master downstairs and 2 bedrooms plus loft upstairs. The first floor features living room with fireplace, dining room, 2 full baths, and family room open to kitchen. The garage has alley access. There is a large deck and small fenced in back yard. Nice project for the investor or owner occupant at this price!!

Last Agent to Sell the Property

Kurt Clements

Diverse Property Solutions Ind License #RB14026683 Listed on: 04/27/2018

Last Buyer's Agent

Gregory Leugers

Keller Williams Indy Metro S License #RB14040373

Keller Williams Indy Metro S

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1880

Lot Details

  • 5,184 Sq Ft Lot

Parking

  • Garage

Home Design

  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1.5-Story Property
  • Woodwork
  • Living Room with Fireplace
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

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

Community Details

  • George Kings Franklin Twp Subdivision

Listing and Financial Details

  • Assessor Parcel Number 410814042087000009

Home Details

Home Type

Single Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TradAmer, Two Story
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1880
  • Garage Y N: Yes
  • Lot Size Acres: 0.119
  • Subdivision Name: GEORGE KINGS FRANKLIN TWP
  • Inspection Warranties: General
  • Property Description: Great potential in Franklin 2 blocks from town square. This home needs to be brought back to its original beauty! The home features large master downstairs and 2 bedrooms plus loft upstairs. The first floor features living room with fireplace, dining room, 2 full baths, and family room open to kitchen. The garage has alley access. There is a large deck and small fenced in back yard. Nice project for the investor or owner occupant at this price!!
  • Transaction Type: Sale
  • F H A Certified: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Appliances: None
  • Levels: One and One Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Interior Amenities: Wood Work Painted
  • Living Area: 3052
  • Other Equipment: Not Applicable
  • Room Count: 4
  • Areas Interior: Foyer Small
  • Eating Area: Dining Combo/Family Room,Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 2752
  • Main Level Sq Ft: 1600
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 3052
  • Below Grade Sq Ft: 300
  • Upper Level Sq Ft: 1152
  • Pct Optional Level Finished: 0-25%
  • Optional Level Below Grade: Cellar

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: BankOwned
  • Foundation Details: Concrete Perimeter
  • List Price: 60000
  • Association Maintained Building Exterior: 0
  • Porch: Deck Main Level,Covered Porch

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: 2 Car Detached

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 410814042087000009
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks,Street Lights
  • Lot Number: 7
  • Lot Size: 5,184

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 4396
  • Semi Annual Property Tax Amt: 2198
  • Tax Exemption: None

MLS Schools

  • School District: Franklin Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2020
Closed on
Aug 14, 2020
Sold by
Stout Christopher J
Bought by
Kubacki John and Kubacki Joann
Seller's Agent
Christy Norton
Norton Premier Real Estate
Buyer's Agent
Christy Norton
Norton Premier Real Estate
List Price
$299,999
Sold Price
$290,000
Premium/Discount to List
-$9,999
-3.33%
Current Estimated Value
$367,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,367
Avg. Annual Appreciation
5.11%
Original Mortgage
$254,375
Outstanding Balance
$225,741
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$148,363

Purchase Details

Closed on
May 13, 2019
Sold by
Stout Investments Llc
Bought by
Stout Christopher J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 27, 2018
Closed on
Jul 18, 2018
Sold by
Stout Marissa and Stout Christopher
Bought by
Stout Investments Llc
Seller's Agent
Kurt Clements
Diverse Property Solutions Ind
Buyer's Agent
Gregory Leugers
Keller Williams Indy Metro S
List Price
$60,000
Sold Price
$80,000
Premium/Discount to List
$20,000
33.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.71%
Original Mortgage
$146,709
Interest Rate
4.5%
Mortgage Type
Balloon

Purchase Details

Listed on
Apr 27, 2018
Closed on
May 30, 2018
Sold by
Deutsche Bank National Trust Co
Bought by
Stout Marissa and Stout Christopher
Seller's Agent
Kurt Clements
Diverse Property Solutions Ind
Buyer's Agent
Gregory Leugers
Keller Williams Indy Metro S
List Price
$60,000
Sold Price
$80,000
Premium/Discount to List
$20,000
33.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,709
Interest Rate
4.5%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 15, 2018
Sold by
Johnson County Sheriff
Bought by
Deutsche Bank Na Trust Co
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Security Title
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Special Warranty Deed -- None Available
Sheriffs Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $254,375 FHA
Closed $254,375 FHA
Previous Owner $192,000 New Conventional
Previous Owner $146,709 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $290,000 -3.3% $92 / Sq Ft
07/25/2020 07/25/20 Pending -- -- --
07/24/2020 07/24/20 For Sale $299,999 +275.0% $95 / Sq Ft
06/25/2018 06/25/18 Sold $80,000 +33.3% $26 / Sq Ft
05/08/2018 05/08/18 Pending -- -- --
04/27/2018 04/27/18 For Sale $60,000 -- $20 / 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 $3,218 $372,600 $14,000 $358,600
2024 $3,218 $289,700 $14,000 $275,700
2023 $3,094 $278,300 $14,000 $264,300
2022 $2,871 $255,600 $12,700 $242,900
2021 $2,704 $241,100 $12,300 $228,800
2020 $1,614 $156,700 $12,300 $144,400
2019 $1,238 $145,400 $10,600 $134,800
2018 $891 $125,400 $10,600 $114,800
2017 $2,494 $124,700 $10,600 $114,100
2016 $2,398 $109,900 $10,600 $99,300
2014 $2,422 $121,100 $10,700 $110,400
2013 $2,422 $111,000 $10,700 $100,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21562414

MIBOR Broker Listing Cooperative®

APN: 41-08-14-042-087.000-009