NOT LISTED FOR SALE

502 Broad Ave Nappanee, IN 46550

Estimated Value: $157,000 - $197,000

3 Beds
1 Bath
1,088 Sq Ft
$165/Sq Ft Est. Value

Last Sold November 09, 2012

Last sale price $48,000 $44 Per Sq Ft

Est. 273% increase in value since last sale

Current estimated payment $1,053/month

19 Days on Market

Highlights

  • 1 Car Attached Garage
  • Tile Flooring
  • Central Air
  • NorthWood High School Rated A-
  • 1-Story Property
  • 3-minute walk to Little Paws Playground

About This Home

As of November 2012

THIS IS A FANNIE MAE HOME PATH PROPERTY, PURCHASE THIS PROPERTY FOR AS LITTLE AS 3% DOWN THIS PROPERTY THIS PROPERTY IS APPROVED FOR HOME PATH RENOVATION MORTGAGEFINANCING. ABSOLUTELY ADORABLE DOLLHOUSE WITH FIREPLACE, UPDATED KITCHEN/BAR AREA, THREE BEDROOMS WITH TWO BATHS, BREEZEWAY AND ONE CARATTACHEDGARAGE. YOU WON'T WANT TO MISS THIS CHARMING HOME IN WELL ESTABLISHED AREA THAT IS CLOSE TO ALL AMENITIES YET GREAT COUNTRY SETTING. AGENT'SREAD THECONFIDENTIAL REMARKS PRIOR TO SHOWING NO BIDS FOR FIRST THREE DAYS OF THE LISTING AND INVESTOR WAITING PERIOD. Less than 1 Acre

Last Agent to Sell the Property

Pam Colen

McKinnies Realty, LLC Listed on: 08/23/2012

McKinnies Realty, LLC

Last Buyer's Agent

SB NonMember

NonMember SB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $386

Year Built

  • Built in 1947

Lot Details

  • Lot Dimensions are 103x56
  • Level Lot
  • Irregular Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1,088 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 502BROAD

Home Details

Home Type

Single Family

Est. Annual Taxes

$386

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1947
  • Style: One Story
  • Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: LONG LEGAL |
  • Parcel Number ID: 502BROAD
  • Platted: Yes
  • Sp Lp Percent: 0.96
  • State Id: 502BROAD
  • Special Features: 1028
  • Stories: 1

Interior Features

  • Total Sq Ft: 1088
  • Total Finished Sq Ft: 1088
  • Above Grade Finished Sq Ft: 1088
  • Price Per Sq Ft: 44.12
  • Flooring: Carpet, Tile, Vinyl
  • Living Great Room: On Level: Main
  • Kitchen: On Level: Main
  • Dining Room: On Level: Main
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Aluminum, Vinyl

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 1
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City

Lot Info

  • Lot Description: Irregular, Level, 0-2.9999
  • Lot Dimensions: 103x56

Tax Info

  • Annual Taxes: 386.49
  • Total Assessed Value: 87500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2013
Sold by
Mecca Companies Inc
Bought by
Lynch Cynthia S
Current Estimated Value
$179,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,856
Outstanding Balance
$58,845
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$120,336

Purchase Details

Listed on
Aug 23, 2012
Closed on
Nov 8, 2012
Sold by
Fannie Mae
Bought by
Mecca Companies Inc
Seller's Agent
Pam Colen
McKinnies Realty, LLC
Buyer's Agent
SB NonMember
NonMember SB
List Price
$49,900
Sold Price
$48,000
Premium/Discount to List
-$1,900
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.75%
Original Mortgage
$150,000
Interest Rate
3.32%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 27, 2012
Sold by
Nisley Genie A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 26, 2006
Sold by
Hite Phyllis J
Bought by
Nisley Genie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,100
Interest Rate
6.68%
Mortgage Type
Purchase Money Mortgage
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
Lynch Cynthia S -- Stewart Title
Mecca Companies Inc -- Statewide Title Company Inc
Federal National Mortgage Association $58,500 None Available
Nisley Genie A -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lynch Cynthia S $78,856
Previous Owner Mecca Companies Inc $150,000
Previous Owner Nisley Genie A $89,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2012 11/09/12 Sold $48,000 -3.8% $44 / Sq Ft
09/11/2012 09/11/12 Pending -- -- --
08/23/2012 08/23/12 For Sale $49,900 -- $46 / 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 $1,239 $129,800 $17,600 $112,200
2022 $1,239 $122,800 $17,600 $105,200
2021 $1,167 $113,700 $17,600 $96,100
2020 $1,075 $104,700 $17,600 $87,100
2019 $998 $99,900 $17,600 $82,300
2018 $948 $96,500 $16,100 $80,400
2017 $925 $94,500 $16,100 $78,400
2016 $901 $92,900 $16,100 $76,800
2014 $775 $85,400 $16,100 $69,300
2013 $809 $80,900 $16,100 $64,800
Source: Public Records

Agents Affiliated with this Home

  • Pam Colen

    Seller's Agent in 2012

    Pam Colen

    McKinnies Realty, LLC

    (574) 276-5323

    208 Total Sales

    Pam Colen
    Section Image

  • S

    Buyer's Agent in 2012

    SB NonMember

    NonMember SB

    4 in this area

    668 Total Sales

    SB NonMember
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 636036

Indiana Regional MLS

APN: 20-14-31-127-011.000-029

Indiana Elkhart County Nappanee 46550

502 Broad Ave, Nappanee, IN

This home is located at 502 Broad Ave, Nappanee, IN 46550 since 23 August 2012 and is currently estimated at $179,181, approximately $164 per square foot. This property was built in 1947. 502 Broad Ave is a home located in Elkhart County with nearby schools including NorthWood High School, South Side Christian School, and Sunny Meadow Amish 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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