NOT LISTED FOR SALE

500 S 13th St Richmond, IN 47374

Richmond Area

Estimated Value: $75,000 - $116,000

4 Beds
2 Baths
1,416 Sq Ft
$64/Sq Ft Est. Value

Sale Details

Date Sold: August 3, 2017

Last sale price $19,666 $14 Per Sq Ft

Est. 359% increase in value since last sale

Current estimated payment $573 / mo

59 Days on Market

About This Home

As of August 2017

Newly renovated 3 bedroom traditional 2-story home is sure to please even the most particular of buyers. The current owner has spared no expense in bringing this home back to its true historic splendor. Just footsteps from the recently updated 10th street park this home boasts fine amenities such as newer siding, fresh paint, a covered front porch, historic awnings, a 2-car detached garage, and much more. Property is currently used as an investment property and has a $600 per month HUD tenant for the past 5 years, and the garage can be rented to return a 23% plus cap rate. Call or text Kyle Tom @ 765.220.0199 today for your private tour or visit kyletom.com for additional details. (Legal Description: 96 FT E END LOT 34 C H C 5 FT OFF WEST END OF E END LOT 34 C H C)

Last Agent to Sell the Property

Kyle Tom

Coldwell Banker Lingle License #RB14021834 Listed on: 04/25/2017

Coldwell Banker Lingle

Last Buyer's Agent

STEVE SHERWOOD

Wagner Auctioneering & Real Estate License #RB14041119

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $414

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 47x96

Parking

  • Detached Garage

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,416 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Electric Range

Unfinished Basement

  • Partial Basement
  • Crawl Space

Outdoor Features

  • Covered Patio or Porch

Schools

  • Charles Elementary School
  • Test Middle School
  • Richmond High School

Utilities

  • Furnace
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $525
  • Maintenance Expense $750
  • Utility Expense $150
  • Operating Expense $1,839

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$414

Year Built

Built in 1920

Lot Details

4,792 Sq Ft Lot

Listing Details

  • OFFICELIST_ADDRESS: 500 S 13TH STREET
  • Estimated Year Built: 1920
  • Average Monthly Gas: 83.00
  • E X E M P T: None
  • F I N A N C I N G O F F E R E D: Cash, Conventional, FHA, VA
  • Geo Address Line: 500 S 13th St
  • Geo Longitude: -84.88503
  • Geo Primary City: Richmond
  • Geo Quality: 0.95
  • Geo Secondary City: Wayne
  • Geo Subdivision: IN
  • Geo Zoom Level: 16
  • Improvements Valuation: 18300
  • Land Valuation: 2400
  • OFFICELIST_STATE: IN
  • Building Stories: 2
  • Tax Dup Number: 0293276100
  • Taxes Half: 207.00
  • Total Assessed Value: 20700
  • Cap Rate Percent: 23.6
  • Maintenance: 750
  • Net Operating Expenses: 6861
  • Number Three Bed Units: 1
  • Split Utilities: No
  • Unit 1 Appliances: Range-Electric, Refrigerator
  • Unit 1 Heat Type: Gas
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Amenities: Cable TV
  • Has Basement: Yes, Partial Basement, Unfinished
  • Price Per S Q F T: 13.89
  • Basement Type: Duplex
  • Window Treatments Stay: Some
  • Insulation: AMPLE

Exterior Features

  • Exterior Construction: Stick
  • Exterior: Frame, Vinyl
  • Foundation: Crawl, Basement
  • Porch/Deck Type: Covered, Porch
  • Roof Age: UNKNOWN
  • Roof Type: Asphalt, Shingle

Garage/Parking

  • Driveway: PRIVATE
  • Garage Type: Garage-Detached

Utilities

  • Electric Company: Richmond Power and Light
  • Gas Company: Vectren Gas Company
  • Sewer: City
  • Hot Water: City
  • Water Heater: Gas
  • Insurance: 525
  • Number Water Heaters: 1
  • Utilities: 150

Condo/Co-op/Association

  • Number of Units: 2

Fee Information

  • Tax Class: MULTI-FAMILY
  • Taxes: 414

Schools

  • Elementary School: Charles
  • High School: Richmond
  • Middle School: Test

Lot Info

  • Geo Update Timestamp: 2017-08-04
  • Estimated Number Acres: 0.11
  • Land Contract: No
  • Lot Size: 47X96
  • Zoning: RESIDENTIAL

Multi Family

  • Number Furnaces: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2023
Sold by
Bought by
Current Estimated Value
$90,265

Purchase Details

Listed on
Apr 25, 2017
Closed on
Aug 3, 2017
Sold by
Bought by
Seller's Agent
Kyle Tom
Coldwell Banker Lingle
Buyer's Agent
STEVE SHERWOOD
Wagner Auctioneering & Real Estate
List Price
$29,000
Sold Price
$19,666
Premium/Discount to List
-$9,334
-32.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.49%
Original Mortgage
$41,300
Interest Rate
0.0322%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 21, 2007
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Available
-- --
$22,257 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $41,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/03/2017 08/03/17 Sold $19,666 -32.2% $14 / Sq Ft
06/23/2017 06/23/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $29,000 -- $20 / Sq Ft
Source: Richmond Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $967 $47,200 $3,300 $43,900
2024 $824 $41,200 $2,700 $38,500
2023 $7 $36,300 $2,400 $33,900
2022 $678 $33,900 $2,400 $31,500
2021 $622 $31,100 $2,400 $28,700
2020 $622 $31,100 $2,400 $28,700
2019 $622 $31,100 $2,400 $28,700
2018 $620 $31,000 $2,400 $28,600
2017 $414 $20,700 $2,400 $18,300
2016 $414 $20,700 $2,400 $18,300
2014 $272 $13,600 $2,400 $11,200
2013 $272 $13,700 $2,400 $11,300
Source: Public Records

Agents Affiliated with this Home

  • Kyle Tom

    Seller's Agent in 2017

    Kyle Tom

    Coldwell Banker Lingle

    (765) 220-0199

    366 Total Sales

    Kyle Tom
    Section Image

  • S

    Buyer's Agent in 2017

    STEVE SHERWOOD

    Wagner Auctioneering & Real Estate

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Map

Source: Richmond Association of REALTORS®

MLS Number: 10030709

APN: 89-18-04-320-315.000-030

Indiana Wayne County Richmond 47374

500 S 13th St, Richmond, IN

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