NOT LISTED FOR SALE

501 N Elza St Rensselaer, IN 47978

Marion Neighborhood

Estimated Value: $189,000 - $237,000

9 Beds
3.5 Baths
3,848 Sq Ft
$57/Sq Ft Est. Value

Last Sold April 05, 2023

Last sale price $176,000 $46 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,552/month

19 Days on Market

Highlights

  • Traditional Architecture
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Corner Lot
  • Laundry in Utility Room
  • Carpet

About This Home

As of April 2023

This is a great investment to add to your portfolio or to start your investing enterprise. Both sides are currently rented with long term tenants. 501 Elza includes 4 bedrooms, 1.5 bathrooms, 1924 sqft, and an attached 1 car garage. 525 Elza has 5 bedrooms, 2 bathrooms, 1924 sqft and an attached 1 car garage. Both units are on their own utilities. Both sides are currently rented at $750. Close and let the income roll in!

Last Agent to Sell the Property

Bart Hickman

REAL ESTATE NETWORK L.L.C Listed on: 02/13/2023

Last Buyer's Agent

WhiteCo NonMember

NonMember WH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,555

Year Built

  • Built in 1970

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Corner Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laundry in Utility Room

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms

Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 1 Car Attached Garage
  • Gravel Driveway

Location

  • Suburban Location

Schools

  • Rensselaer Elementary And Middle School
  • Rensselaer Central High School

Utilities

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

Listing and Financial Details

  • Tenant pays for cable, electric, fuel, heating
  • Assessor Parcel Number 37-07-30-015-025.053-027

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $387

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,555

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1970
  • Age: 53
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 9
  • Number Above Grade Bedrooms: 9
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: Newton's Add W1/2 Lots 3 & 4 BLK 15
  • Parcel Number ID: 37-07-30-015-025.053-027
  • Platted: Yes
  • Amenities: Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 95.14
  • Monthly Gross Income: 1500
  • Year Taxes Payable: 1554.88
  • Special Features: None

Interior Features

  • Total Sq Ft: 3848
  • Total Finished Sq Ft: 3848
  • Above Grade Finished Sq Ft: 3848
  • Price Per Sq Ft: 45.74
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Carpet, Laminate, Vinyl
  • Main Level Sq Ft: 1924

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 6
  • Parking: Gravel

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 387
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

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

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 66x132
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Rental Info

  • Lease Term: Month to Month
  • Tenant Pays: Cable, Electric, Fuel, Heating

Multi Family

  • Gross Monthly Rent: 1500
  • Number Of Units: 2
  • Number Of 4 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1554.88

MLS Schools

  • High School: Rensselaer Central
  • Middle School: Rensselaer
  • School District: Rensselaer Central School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2023
Closed on
Apr 5, 2023
Sold by
To New Beginnings Llc
Bought by
Heartland Family Homes Llc
Seller's Agent
Bart Hickman
REAL ESTATE NETWORK L.L.C
Buyer's Agent
WhiteCo NonMember
NonMember WH
List Price
$185,000
Sold Price
$176,000
Premium/Discount to List
-$9,000
-4.86%
Views
122
Current Estimated Value
$220,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,460
Avg. Annual Appreciation
10.03%
Original Mortgage
$663,842
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 13, 2023
Closed on
Feb 28, 2023
Sold by
Kyburz Rentals Llc
Bought by
To New Beginnings Llc
Seller's Agent
Bart Hickman
REAL ESTATE NETWORK L.L.C
Buyer's Agent
WhiteCo NonMember
NonMember WH
List Price
$185,000
Sold Price
$176,000
Premium/Discount to List
-$9,000
-4.86%
Views
122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$663,842
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2021
Sold by
Kyburz Phillip L and Kyburz Sasha R
Bought by
Kyburz Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,345,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 18, 2020
Sold by
Kyburz Phillip L and Kyburz Sasha R
Bought by
Kyburz Rentals Llc

Purchase Details

Closed on
Oct 22, 2010
Sold by
Hollander Real Estates Llc
Bought by
Kyburz Phillip and Kyburz Sasha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
4.3%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Heartland Family Homes Llc $182,000 None Listed On Document
To New Beginnings Llc -- None Listed On Document
Kyburz Rentals Llc -- None Listed On Document
Kyburz Rentals Llc -- None Available
Kyburz Phillip -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heartland Family Homes Llc $750,000
Closed To New Beginnings Llc $663,842
Previous Owner Kyburz Rentals Llc $1,345,000
Previous Owner Kyburz Rentals Llc $1,345,000
Previous Owner Kyburz Rentals Llc $1,345,000
Previous Owner Kyburz Phillip L $2,440,000
Previous Owner Kyburz Phillip $97,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2023 04/05/23 Sold $176,000 -4.9% $46 / Sq Ft
03/04/2023 03/04/23 Pending -- -- --
02/13/2023 02/13/23 For Sale $185,000 -- $48 / 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 $4,230 $189,600 $19,800 $169,800
2023 $1,815 $148,600 $19,800 $128,800
2022 $1,807 $140,800 $17,800 $123,000
2021 $1,555 $111,400 $17,800 $93,600
2020 $1,569 $114,900 $17,800 $97,100
2019 $1,468 $111,900 $16,500 $95,400
2018 $1,428 $112,800 $16,500 $96,300
2017 $1,284 $106,800 $16,500 $90,300
2016 $1,208 $106,100 $16,500 $89,600
2014 $1,176 $102,100 $16,500 $85,600
Source: Public Records

Agents Affiliated with this Home

  • Bart Hickman

    Seller's Agent in 2023

    Bart Hickman

    REAL ESTATE NETWORK L.L.C

    (574) 870-4269

    3 in this area

    308 Total Sales

    Bart Hickman
    Section Image

  • W

    Buyer's Agent in 2023

    WhiteCo NonMember

    NonMember WH

    5 in this area

    170 Total Sales

    WhiteCo NonMember
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202304119

Indiana Regional MLS

APN: 37-07-30-015-025.053-027

Indiana Jasper County Rensselaer 47978 Marion

501 N Elza St, Rensselaer, IN

This home is located at 501 N Elza St, Rensselaer, IN 47978 since 13 February 2023 and is currently estimated at $220,460, approximately $57 per square foot. This property was built in 1970. 501 N Elza St is a home located in Jasper County with nearby schools including Rensselaer Central Primary School, Van Rensselaer Elementary School, and Rensselaer Middle 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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