NOT LISTED FOR SALE

501 S Union St Warsaw, IN 46580

Estimated Value: $183,000 - $204,000

4 Beds
2 Baths
1,513 Sq Ft
$129/Sq Ft Est. Value

Last Sold November 09, 2018

Last sale price $112,000 $74 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,234/month

77 Days on Market

Highlights

  • A-Frame Home
  • Wood Flooring
  • Ranch Style House
  • Edgewood Middle School Rated A
  • 1 Car Detached Garage
  • 3-minute walk to Rarick Park

About This Home

As of November 2018

Large lot, in town location. Walking distance to Washington Elementary, Edgewood Middle and Warsaw High Schools. As well as short hop to Grocery and Downtown. Home has a lot of rough edges but as it stands a 3 bedroom / 1 bath main home with a one bedroom in-law suite, or with an interior door convert to a 4 bedroom two bath home with a summer kitchen. Huge 24' x 36' pole barn for Man Cave, She Shed, toys, tools, games, collections, etc. Detached 1 stall garage as well. Home does have some rough edges. Still a great value and location at a very affordable price.

Last Agent to Sell the Property

Jeff Owens

Patton Hall Real Estate Listed on: 07/17/2018

Last Buyer's Agent

Terry Van Duyne

Listing Leaders, NCI-Culver

Listing Leaders, NCI-Culver

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $799

Year Built

  • Built in 1900

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 66 x 200
  • Sloped Lot
  • Zoning described as R2

Parking

  • 1 Car Detached Garage
  • Gravel Driveway

Home Design

  • A-Frame Home
  • Ranch Style House
  • Shingle Roof
  • Asphalt Roof
  • Shingle Siding

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Block Basement Construction
  • Stone or Rock in Basement

Location

  • Suburban Location

Schools

  • Washington Elementary School
  • Edgewood Middle School
  • Warsaw High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Private Water Source

Listing and Financial Details

  • Assessor Parcel Number 431108300065000032

Home Details

Home Type

Single Family

Est. Annual Taxes

$799

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1900
  • Age: 118
  • Style: One Story
  • Architectural Style: A-Frame, Ranch
  • Total Number of Rooms: 7
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Lot 39 Hardmans Add s 1/2 lot 36 Lot 36 Hardman Ad |
  • Parcel Number ID: 431108300065000032
  • Platted: Yes
  • Cross Street: Prairie
  • Grid: 10 - Central Kosc.
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 97.39
  • Zoning Description: R2
  • Year Taxes Payable: 2017
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 4539
  • Total Finished Sq Ft: 1513
  • Above Grade Finished Sq Ft: 1513
  • Above Grade Unfinished Sq Ft: 1513
  • Below Grade Sq Ft: 1513
  • Price Per Sq Ft: 74.03
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Basement Material: Block, Stone
  • Flooring: Hardwood Floors, Laminate, Vinyl
  • Living Great Room: Dimensions: 15x15, On Level: Main
  • Kitchen: Dimensions: 15x12, On Level: Main
  • Bedroom 1: Dimensions: 12x12, On Level: Main
  • Bedroom 2: Dimensions: 12x12, On Level: Main
  • Bedroom 3: Dimensions: 11x9, On Level: Main
  • Bedroom 4: Dimensions: 10x9, On Level: Main
  • Other Room1: Entry, Dimensions: 4x9, On Level: Main
  • Other Room 2: In-Law Living / Kitchen, Dimensions: 14x18, On Level: Main
  • Main Level Sq Ft: 1513
  • Number of Main Level Full Bathrooms: 2
  • Total Below Grade Sq Ft: 1513

Exterior Features

  • Exterior: Shingle
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: Pole/Post Building, Dimensions: 36x24, 864

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Detached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 20x14
  • Garage Sq Ft: 280
  • Garage: Yes

Utilities

  • Cooling: Window
  • Heating Fuel: Electric, Gas
  • Sewer: City
  • Water Utilities: Private
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Water Company: Indiana American Water Co
  • Cable Company: Comcast

Schools

  • School District: Warsaw Community
  • Elementary School: Washington
  • Middle School: Edgewood
  • High School: Warsaw
  • Elementary School: Washington

Lot Info

  • Lot Description: Slope
  • Lot Dimensions: 66 X 200
  • Estimated Lot Sq Ft: 13068
  • Estimated Lot Size Acres: 0.3
  • Lot Number: 39

Tax Info

  • Annual Taxes: 799
  • Total Assessed Value: 88400
  • Exemptions: Homestead, Mortgage, Supplemental

MLS Schools

  • High School: Warsaw
  • Middle School: Edgewood
  • School District: Warsaw Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2018
Closed on
Nov 9, 2018
Sold by
Gray Joseph E
Bought by
Wallen Eliza M
Seller's Agent
Jeff Owens
Patton Hall Real Estate
Buyer's Agent
Terry Van Duyne
Listing Leaders, NCI-Culver
List Price
$120,000
Sold Price
$112,000
Premium/Discount to List
-$8,000
-6.67%
Current Estimated Value
$195,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,501
Avg. Annual Appreciation
7.94%
Original Mortgage
$87,000
Outstanding Balance
$77,095
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$110,388
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
Wallen Eliza M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallen Eliza M $87,000
Previous Owner Gray Joseph E $51,640
Previous Owner Gray Joseph E $31,000
Previous Owner Gray Joseph E $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2018 11/09/18 Sold $112,000 -2.6% $74 / Sq Ft
10/02/2018 10/02/18 Pending -- -- --
08/30/2018 08/30/18 Price Changed $115,000 -2.1% $76 / Sq Ft
08/24/2018 08/24/18 Price Changed $117,500 -2.1% $78 / Sq Ft
07/17/2018 07/17/18 For Sale $120,000 -- $79 / 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 $1,862 $160,800 $29,200 $131,600
2023 $1,933 $157,100 $29,300 $127,800
2022 $1,720 $142,000 $24,400 $117,600
2021 $1,315 $118,400 $22,600 $95,800
2020 $1,211 $112,700 $17,200 $95,500
2019 $923 $101,500 $16,800 $84,700
2018 $876 $91,400 $16,800 $74,600
2017 $799 $88,400 $16,800 $71,600
2016 $766 $83,300 $13,500 $69,800
2014 $677 $78,200 $13,500 $64,700
2013 $677 $77,400 $11,400 $66,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201831890

Indiana Regional MLS

APN: 43-11-08-300-065.000-032