501 East St Michigantown, IN 46057
Estimated Value: $141,351 - $193,000
4
Beds
2
Baths
1,856
Sq Ft
$89/Sq Ft
Est. Value
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 2019Small 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
- Pets Allowed with Restrictions
Additional Features
- 2 Units
- 2 Separate Electric Meters
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,784
Avg. Annual Appreciation
15.34%
Original Mortgage
$50,000
Outstanding Balance
$20,425
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$144,359
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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
APN: 12-07-26-109-001.000-011
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