NOT LISTED FOR SALE

491 N Allen St Wabash, IN 46992

Estimated Value: $71,000 - $102,000

5 Beds
2 Baths
1,030 Sq Ft
$88/Sq Ft Est. Value

Last Sold August 18, 2022

Last sale price $60,000 $58 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $579/month

31 Days on Market

Highlights

  • Covered patio or porch
  • Partially Fenced Property
  • Carpet
  • Forced Air Heating System
  • Level Lot

About This Home

As of August 2022

Instant Income!! Both units are rented in this duplex. Unit 491 boasts 3 bedrooms with a main floor and upper floor plan, updated kitchen, new plumbing, and some new electric; while the second unit is a 1-2 bedroom unit, all on the main level.

Last Agent to Sell the Property

Amy Brown

Heartland Real Estate Brokers Listed on: 06/13/2022

Last Buyer's Agent

Amy Brown

Heartland Real Estate Brokers Listed on: 06/13/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $840

Year Built

  • Built in 1910

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 52 x 126
  • Partially Fenced Property
  • Privacy Fence
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Block Basement Construction

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Dirt Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Oj Neighbors Elementary School
  • Wabash Middle School
  • Wabash High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, heating
  • The owner pays for building insurance, electric, sewer, tax, trash collection, water
  • Assessor Parcel Number 85-14-11-203-075.000-009

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $3,360
  • Insurance Expense $450
  • Water Sewer Expense $780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$840

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1910
  • Age: 112
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: NORTHERN 52 x 126 OL 56
  • Parcel Number ID: 85-14-11-203-075.000-009
  • Platted: Yes
  • Amenities: Porch Covered, Water Heater Electric
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Annual Miscellaneous: 2340
  • Monthly Gross Income: 1300
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 1288
  • Total Finished Sq Ft: 1030
  • Above Grade Finished Sq Ft: 1030
  • Below Grade Sq Ft: 258
  • Price Per Sq Ft: 58.25
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 258
  • Number Of Ranges Ovens: 1
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Fence: Partial, Privacy
  • Stories: 2

Garage/Parking

  • Driveway: Dirt
  • Number Of Parking Spaces: 3
  • Parking: Off Street, Street

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Water Company: Indiana American Water Co
  • Annual Electric: 3360
  • Annual Insurance Expense: 450
  • Annual Water Sewer Expense: 780
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Wabash City Schools
  • Elementary School: OJ Neighbors
  • Middle School: Wabash
  • High School: Wabash
  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 52 x 126
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Electric, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Heating

Multi Family

  • Gross Monthly Rent: 1300
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 840

MLS Schools

  • High School: Wabash
  • Middle School: Wabash
  • School District: Wabash City Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2022
Closed on
Aug 17, 2022
Sold by
Alexandra Buzzard
Bought by
Ortiz Gerardo
Seller's Agent
Amy Brown
Heartland Real Estate Brokers
Buyer's Agent
Amy Brown
Heartland Real Estate Brokers
List Price
$72,000
Sold Price
$60,000
Premium/Discount to List
-$12,000
-16.67%
Views
2
Current Estimated Value
$90,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,719
Avg. Annual Appreciation
20.51%

Purchase Details

Closed on
Feb 3, 2021
Sold by
Shepherd Ronald Dean
Bought by
Buzzard Alexandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 28, 2013
Closed on
Oct 31, 2013
Sold by
Mattern Thomas J and Mattern Linda E
Bought by
Shepherd Ronald Dean
Seller's Agent
Christy Kisner
Metz Phillipy Real Estate
Buyer's Agent
Christy Kisner
Metz Phillipy Real Estate
List Price
$1
Sold Price
$21,500
Premium/Discount to List
$21,499
2149900%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.36%
Source: Public Records

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
Ortiz Gerardo -- None Listed On Document
Buzzard Alexandra -- None Available
Shepherd Ronald Dean -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Buzzard Alexandra $28,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2022 08/18/22 Sold $60,000 0.0% $58 / Sq Ft
07/11/2022 07/11/22 Price Changed $60,000 -7.7% $58 / Sq Ft
06/27/2022 06/27/22 Price Changed $65,000 -9.7% $63 / Sq Ft
06/13/2022 06/13/22 For Sale $72,000 +234.9% $70 / Sq Ft
10/30/2013 10/30/13 Sold $21,500 +2149900.0% $13 / Sq Ft
10/28/2013 10/28/13 For Sale $1 -- $0 / 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 $978 $48,900 $7,600 $41,300
2023 $928 $46,400 $7,600 $38,800
2022 $868 $43,400 $7,600 $35,800
2021 $812 $40,600 $7,600 $33,000
2020 $750 $37,500 $7,600 $29,900
2019 $718 $35,900 $7,600 $28,300
2018 $712 $35,600 $7,600 $28,000
2017 $718 $34,700 $7,600 $27,100
2016 $708 $34,200 $7,600 $26,600
2014 $1,214 $63,600 $7,600 $56,000
2013 $1,264 $63,200 $7,600 $55,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202223405

Indiana Regional MLS

APN: 85-14-11-203-075.000-009