NOT LISTED FOR SALE

502 E Main St Peru, IN 46970

Estimated Value: $84,000 - $170,000

3 Beds
2 Baths
2,031 Sq Ft
$71/Sq Ft Est. Value

Last Sold October 30, 2017

Last sale price $33,500 $16 Per Sq Ft

Est. 332% increase in value since last sale

Current estimated payment $882/month

67 Days on Market

Highlights

  • Corner Lot
  • Covered Patio or Porch
  • Luxury Vinyl Tile Flooring
  • Elmwood Primary Learning Center Rated A-
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of October 2017

2 bedroom apartment up and 1 bedroom apartment down, good tenant history, new furnace and central air in downstairs unit, new roof. Upstairs has electric baseboard heat, downstairs has new gas forced air and central air. Both units have a gas hot water heater. Home has vinyl windows. Tenants pay the electric and gas bills. Owner pays water, sewer and trash pick up. Tenants are responsible for snow removal, owner pays for mowing. Could be changed to a single family if preferred. 2 refrigerators, 2 stoves, 2 window air conditioners stay.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $616

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x132
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Stone or Rock in Basement
  • Washer Hookup

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • Driveway
  • On-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, fuel, heating
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 52-08-26-202-003.000-016

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $783
  • Maintenance Expense $700
  • Trash Expense $150
  • Water Sewer Expense $960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$616

Year Built

Built in 1900

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Style: Two Story
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Kenwood Add; Lot 4
  • Parcel Number ID: 52-08-26-202-003.000-016
  • Platted: Yes
  • Amenities: Basement, Cable Available, Porch Covered, Washer Hook-Up
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Paved
  • Special Features: None

Interior Features

  • Total Sq Ft: 2031
  • Total Finished Sq Ft: 2031
  • Above Grade Finished Sq Ft: 2031
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Basement Material: Stone
  • Flooring: Carpet, Vinyl Tile
  • Main Level Sq Ft: 1131
  • Number Of Ranges Ovens: 2

Exterior Features

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

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 4
  • Parking: Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Peru Utilities
  • Gas Company: NIPSCO
  • Water Company: Peru Utilities
  • Cable Company: Comcast
  • Annual Insurance Expense: 783
  • Annual Maintenance Expense: 700
  • Annual Trash Expense: 150
  • Annual Water Sewer Expense: 960
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 50x132
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric, Fuel, Heating

Tax Info

  • Annual Property Tax: 616

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2017
Closed on
Oct 27, 2017
Sold by
Edinburgh Properties Llc
Bought by
Tussey Russell J and Tussey Julie A
List Price
$39,900
Sold Price
$33,500
Premium/Discount to List
-$6,400
-16.04%
Current Estimated Value
$144,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,258
Avg. Annual Appreciation
18.98%
Original Mortgage
$28,000
Outstanding Balance
$14,567
Interest Rate
3.78%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$130,191

Purchase Details

Closed on
Mar 14, 2011
Sold by
Black Zachary R and Black Megan M
Bought by
Edinburgh Properties Llc

Purchase Details

Closed on
Feb 26, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Black Zachary R and Black Megan M

Purchase Details

Closed on
Dec 29, 2009
Sold by
Sible David L
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 29, 2007
Sold by
Brindle Brian W and Brindle Brian
Bought by
Sible David L and Sible Kelly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,895
Interest Rate
6.26%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tussey Russell J -- None Available
Edinburgh Properties Llc -- None Available
Black Zachary R -- None Available
Federal Home Loan Mortgage Corporation $58,382 None Available
Sible David L -- None Available
Sible David L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tussey Russell J $28,000
Previous Owner Sible David L $51,895
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2017 10/30/17 Sold $33,500 -16.0% $16 / Sq Ft
09/28/2017 09/28/17 Pending -- -- --
07/23/2017 07/23/17 For Sale $39,900 -- $20 / Sq Ft
Source: Indiana Regional MLS

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
2025 $1,298 $86,800 $5,500 $81,300
2024 $1,298 $64,900 $5,500 $59,400
2023 $1,298 $53,600 $5,500 $48,100
2022 $1,072 $53,600 $5,500 $48,100
2021 $988 $49,400 $5,500 $43,900
2020 $988 $49,400 $5,500 $43,900
2019 $724 $36,200 $5,500 $30,700
2018 $622 $31,100 $5,500 $25,600
2017 $616 $30,800 $5,500 $25,300
2016 $616 $30,800 $5,500 $25,300
2014 $610 $30,500 $5,500 $25,000
2013 -- $47,200 $5,500 $41,700
Source: Public Records

Map

Source: Indiana Regional MLS

MLS Number: 201734095

Indiana Regional MLS

APN: 52-08-26-202-003.000-016

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