NOT LISTED FOR SALE

501 SW 16th St Richmond, IN 47374

Estimated Value: $110,000 - $169,000

3 Beds
2 Baths
864 Sq Ft
$159/Sq Ft Est. Value

Last Sold August 30, 2017

Last sale price $91,500 $106 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $778/month

14 Days on Market

Highlights

  • Ranch Style House
  • Lower Floor Utility Room
  • Living Room
  • Screened Porch
  • 3.5 Car Detached Garage
  • Bathroom on Main Level

About This Home

As of August 2017

SW beauty! Large corner lot with 3+ garages. Ready to move in, hardwood floors, 3BR, 2BA, full basement partially finished. Living room/dining room combo. Enclosed sunroom to enjoy for many days to come. Appliances to stay, handicapped accessible or ramp can easily be removed. Updated windows, baths and water heater.

Last Agent to Sell the Property

Debbie Busby

Better Homes and Gardens First Realty Group License #RB14024846 Listed on: 07/13/2017

Better Homes and Gardens First Realty Group

Last Buyer's Agent

LU ANN JEFFERS

Better Homes and Gardens First Realty Group License #RB17000600

Better Homes and Gardens First Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $112

Year Built

  • Built in 1950

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 57x150

Parking

  • 3.5 Car Detached Garage

Home Design

  • Ranch Style House
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Stick Built Home

Interior Spaces

  • Window Treatments
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Screened Porch
  • Lower Floor Utility Room
  • Washer and Dryer
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Schools

  • Richmond High School

Utilities

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

Listing and Financial Details

  • $2,829 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$112

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Additional Garage: Garage-Detached
  • OFFICELIST_ADDRESS: 501 SW 16th Street
  • Second Address Number: 501
  • Estimated Year Built: 1950
  • Estimated Basement Size: Yes
  • Estimated Size Bathroom 1: 5X6
  • Estimated Size Bathroom 2: 5X6
  • Estimated Size Bedroom 1: 12X10
  • Estimated Dining Room Size: 10X10
  • Dining Rm Level: M
  • E X E M P T: Homestead Credit
  • Family Rm Comments: Finished basement
  • Family Room Level: L
  • F I N A N C I N G O F F E R E D: Cash, Conventional, FHA, VA
  • Geo Address Line: 501 SW 16th St
  • Geo Longitude: -84.92431
  • Geo Primary City: Richmond
  • Geo Quality: 0.95
  • Geo Secondary City: Wayne
  • Geo Subdivision: IN
  • Geo Zoom Level: 16
  • Kitchen Level: M
  • Estimated Living Room Size: 19X12
  • Living Rm Level: M
  • Other Rm1 Approx Size: 16X17
  • Other Rm1 Comments: Enclosed porch
  • Other Rm1 Level: M
  • OFFICELIST_STATE: IN
  • Building Stories: 1
  • Building Style: Ranch
  • FILLSUBDIVISION: Other
  • Tax Dup Number: 0291806800
  • Taxes Half: $551.49
  • Utility Room Level: L
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0
  • Year Built: 1950

Interior Features

  • Appliances Included: Dishwasher, Disposal, Range-Electric, Refrigerator, Washer/Dryer
  • Bedroom 1 Level: M
  • Bathroom 1 Level: M
  • Bathroom 2 Level: L
  • Primary Bathroom: No
  • Has Basement: Yes, Full Basement, Part Finished
  • Basement Percentage Finished: 50%
  • Estimated Size Bedroom 2: 12X9
  • Bedroom 2 Level: M
  • Estimated Size Bedroom 3: 12X8
  • Bedroom 3 Level: M
  • Lower Floor 1 Bedrooms: 3
  • Lower Floor 1 Half Bathrooms: 0
  • Estimated Kitchen Size: 13X5
  • Basement Type: Single Family
  • Window Treatments Stay: Some

Exterior Features

  • Exterior Construction: Stick
  • Exterior: Frame
  • Foundation: Basement
  • Porch/Deck Type: Screened Porch
  • Roof Type: Asphalt, Shingle

Garage/Parking

  • Garage Capacity: 3.5
  • Garage Type: Garage-Detached

Utilities

  • Air Conditioner: Central Air
  • Electric Company: Richmond Power & Light
  • Gas Company: CenterPoint/Vectren
  • Heat Type: Gas, Forced Air
  • Sewer: City
  • Hot Water: City
  • Water Heater: Gas

Fee Information

  • Tax Class: RESIDENTIAL

Schools

  • High School: Richmond
  • High School: Richmond

Lot Info

  • Geo Update Timestamp: 2017-08-30
  • Estimated Number Acres: 0.2
  • Land Contract: No
  • Lot Size: 57X150
  • Zoning: RES

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2017
Closed on
Aug 28, 2017
Sold by
Parks Larry L and Parks Debra L
Bought by
Corman Larry K
Seller's Agent
Debbie Busby
Better Homes and Gardens First Realty Group
Buyer's Agent
LU ANN JEFFERS
Better Homes and Gardens First Realty Group
List Price
$89,900
Sold Price
$91,500
Premium/Discount to List
$1,600
1.78%
Total Days on Market
14
Current Estimated Value
$137,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,541
Avg. Annual Appreciation
5.40%
Original Mortgage
$89,842
Outstanding Balance
$76,579
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$61,131

Purchase Details

Closed on
Jan 21, 2005
Sold by
Miller John Coleman and Miller Patricia Ann
Bought by
Parks Larry L and Parks Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,655
Interest Rate
5.83%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Corman Larry K -- None Available
Parks Larry L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corman Larry K $89,842
Previous Owner Parks Larry L $72,000
Previous Owner Parks Larry L $80,655
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2017 08/30/17 Sold $91,500 +1.8% $106 / Sq Ft
07/27/2017 07/27/17 Pending -- -- --
07/13/2017 07/13/17 For Sale $89,900 -- $104 / Sq Ft
Source: Richmond Association of REALTORS®

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 $112 $114,800 $15,600 $99,200
2023 -- $100,600 $13,700 $86,900
2022 $0 $101,500 $13,700 $87,800
2021 $0 $93,500 $13,700 $79,800
2020 $979 $96,500 $13,700 $82,800
2019 $979 $94,200 $13,700 $80,500
2018 $0 $94,200 $13,700 $80,500
2017 $979 $88,600 $13,700 $74,900
2016 $1,103 $88,700 $13,700 $75,000
2014 $961 $84,500 $13,700 $70,800
2013 $961 $79,700 $13,700 $66,000
Source: Public Records

Agents Affiliated with this Home

  • Debbie Busby

    Seller's Agent in 2017

    Debbie Busby

    Better Homes and Gardens First Realty Group

    (765) 914-7531

    112 Total Sales

    Debbie Busby
    Section Image

  • L

    Buyer's Agent in 2017

    LU ANN JEFFERS

    Better Homes and Gardens First Realty Group

    (765) 914-0120

    62 Total Sales

    LU ANN JEFFERS
    Section Image
See All Agents

Map

Source: Richmond Association of REALTORS®

MLS Number: 10031309

APN: 89-18-06-310-229.000-030

Indiana Wayne County Richmond 47374

501 SW 16th St, Richmond, IN

This home is located at 501 SW 16th St, Richmond, IN 47374 since 13 July 2017 and is currently estimated at $137,041, approximately $158 per square foot. This property was built in 1950. 501 SW 16th St is a home located in Wayne County with nearby schools including Westview Elementary School, Dennis Intermediate School, and Richmond High School.

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