NOT LISTED FOR SALE

501 S Main St La Fontaine, IN 46940

Estimated Value: $104,000 - $159,000

3 Beds
2 Baths
1,248 Sq Ft
$105/Sq Ft Est. Value

Last Sold January 24, 2022

Last sale price $35,000 $28 Per Sq Ft

Est. 273% increase in value since last sale

Current estimated payment $735/month

57 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • Wood Siding
  • 1-Story Property
  • Level Lot

About This Home

As of January 2022

INVESTORS! FIXER UPPER! 3-4 bedrooms, all one level, Large kitchen, living room, dining. 2 full baths. Front wrap porch and rear porch leading out to the one car detached garage, fenced rear yard. Selling as-is, furnace and water heater condition unknown, both located in the basement, gas furnace date of installation was 2008, electric water heater (outside cellar door). Baths have been previously updated. Hardwood floors. Taxes are higher currently since the property doesn't have any exemptions filed. New owner most likely will have exemptions to file with court house and have a lower property tax base. Property will not pass FHA, VA, USDA.

Last Agent to Sell the Property

Suzie Metz

Dickos Peterson & Metz Realty Listed on: 11/05/2021

Last Buyer's Agent

Suzie Metz

Dickos Peterson & Metz Realty Listed on: 11/05/2021

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1941

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 56 x 132
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Southwood Elementary And Middle School
  • Southwood High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 85-19-27-404-068.000-006

Home Details

Home Type

Single Family

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1941
  • Age: 80
  • Style: One Story
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Sissons Lot 11
  • Parcel Number ID: 85-19-27-404-068.000-006
  • Platted: Yes
  • Sp Lp Percent: 81.59
  • Year Taxes Payable: 2021
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2184
  • Total Finished Sq Ft: 1248
  • Above Grade Finished Sq Ft: 1248
  • Below Grade Sq Ft: 936
  • Price Per Sq Ft: 28.04
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Bedroom 1: Dimensions: 13x11, On Level: Main
  • Bedroom 2: Dimensions: 11x10, On Level: Main
  • Bedroom 3: Dimensions: 11x9, On Level: Main
  • Number of Main Level Full Bathrooms: 2
  • Total Below Grade Sq Ft: 936

Exterior Features

  • Exterior: Wood
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 22x16
  • Garage Sq Ft: 352
  • Garage: Yes

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City

Schools

  • School District: MSD of Wabash County Schools
  • Elementary School: Southwood
  • Middle School: Southwood
  • High School: Southwood
  • Elementary School: Southwood

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 56 x 132
  • Estimated Lot Sq Ft: 7405
  • Estimated Lot Size Acres: 0.17

Tax Info

  • Annual Taxes: 1084.15

MLS Schools

  • High School: Southwood
  • Middle School: Southwood
  • School District: MSD of Wabash County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Jan 24, 2022
Sold by
Grant County State Bank
Bought by
Shepherd Joshua D and Shepherd Kimberly A
Seller's Agent
Suzie Metz
Dickos Peterson & Metz Realty
Buyer's Agent
Suzie Metz
Dickos Peterson & Metz Realty
List Price
$42,900
Sold Price
$35,000
Premium/Discount to List
-$7,900
-18.41%
Current Estimated Value
$130,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,636
Avg. Annual Appreciation
42.89%
Original Mortgage
$101,600
Interest Rate
3.11%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 10, 2021
Sold by
Martin Lori A
Bought by
Grant County State Bank

Purchase Details

Closed on
Sep 8, 2017
Sold by
Thomas Max
Bought by
Martin Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
3.93%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 5, 2009
Sold by
Thomas Ryan X
Bought by
Thomas Max

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
4.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2008
Sold by
Wright Larry and Wright Gary
Bought by
Thomas Ryan X

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,100
Interest Rate
5.99%
Mortgage Type
Stand Alone Second
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
Shepherd Joshua D $35,000 Downs Tandy & Petruniw Pc
Grant County State Bank $45,000 None Available
Martin Lori A $56,000 Grant Co Abstract Co, Inc
Thomas Max -- --
Thomas Ryan X -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Shepherd Joshua D $101,600
Previous Owner Martin Lori A $46,000
Previous Owner Thomas Max $33,000
Previous Owner Thomas Ryan X $16,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2022 01/24/22 Sold $35,000 -18.4% $28 / Sq Ft
11/05/2021 11/05/21 For Sale $42,900 -- $34 / 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 $498 $85,200 $8,400 $76,800
2023 $434 $83,200 $8,400 $74,800
2022 $372 $75,500 $6,400 $69,100
2021 $1,364 $68,200 $6,400 $61,800
2020 $259 $63,000 $6,400 $56,600
2019 $249 $63,200 $6,400 $56,800
2018 $234 $60,500 $6,400 $54,100
2017 $147 $39,100 $6,400 $32,700
2016 $662 $40,100 $6,400 $33,700
2014 $116 $40,000 $6,400 $33,600
2013 $90 $39,200 $6,400 $32,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202146788

Indiana Regional MLS

APN: 85-19-27-404-068.000-006