NOT LISTED FOR SALE

501 East St Michigantown, IN 46057

Estimated Value: $138,311 - $194,000

4 Beds
2 Baths
1,856 Sq Ft
$88/Sq Ft Est. Value

Last Sold April 23, 2019

Last sale price $65,000 $35 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $1,010/month

216 Days on Market

Highlights

  • 1 Car Attached Garage
  • Laundry in Utility Room
  • Central Air
  • Eat-In Kitchen
  • Tile Flooring
  • Water Softener is Owned

About This Home

As of April 2019

Small town, great income. Both units are 2 bedroom, 1 bath with garage. Live in one and rent the other or leave as is. Both units filled. Could also easily convert to a 4 bedroom, 2 bath residential home. Large lot is almost a full acre with room to build more units if desired.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.93 Acre Lot
  • Lot Dimensions are 200x195
  • Level Lot

Home Design

  • Duplex
  • Slab Foundation

Interior Spaces

  • 1,856 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector
  • Eat-In Kitchen
  • Laundry in Utility Room

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Utilities

  • Central Air
  • Private Company Owned Well
  • Well
  • Electric Water Heater
  • Water Softener is Owned
  • Cable TV Available

Listing and Financial Details

  • The owner pays for electric
  • Assessor Parcel Number 12-07-26-109-001.000-011

Community Details

Pet Policy

  • Pet Restriction

Additional Features

  • 2 Units
  • 2 Separate Electric Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1979
  • Age: 40
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 018-13011-70 PT W NW 26-22-1E .9256A |
  • Parcel Number ID: 12-07-26-109-001.000-011
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Detector-Smoke, Eat-In Kitchen, Water Heater Electric, Water Softener-Owned
  • Sp Lp Percent: 86.78
  • Special Features: None

Interior Features

  • Total Sq Ft: 1856
  • Total Finished Sq Ft: 1856
  • Above Grade Finished Sq Ft: 1856
  • Price Per Sq Ft: 35.02
  • Basement Foundation: Slab
  • Flooring: Carpet, Tile, Vinyl
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity
  • Sewer: City
  • Water Utilities: Well
  • Well Type: Private
  • Number Electric Meters: 2
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 200x195
  • Estimated Lot Sq Ft: 40319
  • Estimated Lot Size Acres: 0.9256

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Electric

Tax Info

  • Annual Property Tax: 1949.7

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2018
Closed on
Apr 23, 2019
Sold by
M & F Family Limited Partnership Number
Bought by
Strange Michael S and Strange Jill E
List Price
$74,900
Sold Price
$65,000
Premium/Discount to List
-$9,900
-13.22%
Current Estimated Value
$163,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,770
Avg. Annual Appreciation
16.11%
Original Mortgage
$50,000
Outstanding Balance
$23,033
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$140,057
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
Strange Michael S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Strange Michael S $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2019 04/24/19 Pending -- -- --
04/23/2019 04/23/19 Sold $65,000 0.0% $35 / Sq Ft
03/21/2019 03/21/19 Off Market $65,000 -- --
01/14/2019 01/14/19 For Sale $74,900 0.0% $40 / Sq Ft
01/05/2019 01/05/19 Pending -- -- --
11/07/2018 11/07/18 Price Changed $74,900 -6.4% $40 / Sq Ft
09/19/2018 09/19/18 For Sale $80,000 -- $43 / 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 $1,178 $66,500 $24,600 $41,900
2023 $1,193 $66,500 $24,600 $41,900
2022 $1,442 $66,500 $24,600 $41,900
2021 $1,352 $63,000 $24,600 $38,400
2020 $1,377 $63,000 $24,600 $38,400
2019 $1,449 $97,900 $24,600 $73,300
2018 $2,043 $98,400 $24,600 $73,800
2017 $1,950 $94,300 $24,600 $69,700
2016 $1,666 $104,600 $24,600 $80,000
2014 $1,879 $110,500 $21,200 $89,300
Source: Public Records

Map

Source: Indiana Regional MLS

MLS Number: 201842724

Indiana Regional MLS

APN: 12-07-26-109-001.000-011

Indiana Clinton County Michigantown 46057

501 East St, Michigantown, IN

This home is located at 501 East St, Michigantown, IN 46057 since 19 September 2018 and is currently estimated at $163,770, approximately $88 per square foot. This property was built in 1979. 501 East St is a home located in Clinton County with nearby schools including Clinton Central Elementary School and Clinton Central Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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