NOT LISTED FOR SALE

502 E Spraker St Kokomo, IN 46901

Estimated Value: $74,000 - $473,000

12 Beds
6 Baths
4,320 Sq Ft
$63/Sq Ft Est. Value

Last Sold April 20, 2017

Last sale price $240,000 $56 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,609/month

155 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • 1-Story Property
  • 2-minute walk to Riley Park Kokomo
  • Carpet

About This Home

As of April 2017

Great investment opportunity on a corner lot. This 6 unit investment property has many updates including new roof in 2014. Off street parking is a plus! Hurry.. at this price, this investment property won't last long.

Last Agent to Sell the Property

Gary Rhinebarger

Heartland Real Estate Brokers Listed on: 10/28/2016

Last Buyer's Agent

Chris Mullinax

CRM Properties, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,452

Year Built

  • Built in 1997

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 50x192

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,320 Sq Ft Home
  • 1-Story Property
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 12 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Utilities

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

Listing and Financial Details

  • Tenant pays for deposit value, heating, water
  • The owner pays for building insurance, lawn maintenance, maintenance, snow removal, sewer
  • Assessor Parcel Number 34-04-30-101-015.000-002

Community Details

Overview

  • 6 Units
  • Englewood Park Subdivision

Pet Policy

  • Pet Restriction

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,452

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1997
  • Age: 19
  • Style: One Story
  • Architectural Style: Condo/Co-Op Detached
  • Bedrooms: 12
  • Number Above Grade Bedrooms: 12
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: ENGLEWOOD PARK LOT 7 & KENNEDY ST VAC & VAC TRACTION R/W ADJ |
  • Parcel Number ID: 34-04-30-101-015.000-002
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Countertops-Laminate
  • Location: City/Town/Suburb
  • Sp Lp Percent: 92.31
  • Monthly Gross Income: 4408
  • Year Taxes Payable: 1452
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 4320
  • Total Finished Sq Ft: 4320
  • Above Grade Finished Sq Ft: 4320
  • Price Per Sq Ft: 55.56
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Carpet, Laminate
  • Number Of Ranges Ovens: 6

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 6

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

  • School District: Kokomo-Center Township Cons. S.D.

Lot Info

  • Lot Description: 15+
  • Lot Dimensions: 50x192
  • Estimated Lot Sq Ft: 9583
  • Estimated Lot Size Acres: 0.22

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal, Sewer
  • Tenant Pays: Deposit Value, Heating, Water

Multi Family

  • Gross Monthly Rent: 4410
  • Number Of Dryers: 6
  • Number Of Refrigerators: 6
  • Number Of Units: 6
  • Number Of Washers: 6
  • Num Of2 Bedrooms: 6
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1452

MLS Schools

  • School District: Kokomo-Center Township Cons. S.D.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2016
Closed on
Apr 20, 2017
Sold by
Graves Bruce
Bought by
Stewart Ventures Llc
Seller's Agent
Gary Rhinebarger
Heartland Real Estate Brokers
Buyer's Agent
Chris Mullinax
CRM Properties, Inc
List Price
$260,000
Sold Price
$240,000
Premium/Discount to List
-$20,000
-7.69%
Current Estimated Value
$273,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,645
Avg. Annual Appreciation
1.14%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Stewart Ventures Llc $240,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2017 04/20/17 Sold $240,000 -7.7% $56 / Sq Ft
04/01/2017 04/01/17 Pending -- -- --
10/28/2016 10/28/16 For Sale $260,000 -- $60 / 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 $1,166 $68,000 $9,300 $58,700
2022 $1,304 $65,200 $9,000 $56,200
2021 $1,214 $60,700 $9,000 $51,700
2020 $1,214 $60,700 $9,000 $51,700
2019 $1,238 $61,900 $10,200 $51,700
2018 $1,148 $57,400 $10,200 $47,200
2017 $1,156 $57,800 $10,200 $47,600
2016 $1,194 $59,700 $10,200 $49,500
2014 $1,064 $53,200 $11,400 $41,800
2013 $1,060 $53,000 $11,400 $41,600
Source: Public Records

Agents Affiliated with this Home

  • Gary Rhinebarger

    Seller's Agent in 2017

    Gary Rhinebarger

    Heartland Real Estate Brokers

    (765) 860-3758

    22 Total Sales

    Gary Rhinebarger
    Section Image

  • C

    Buyer's Agent in 2017

    Chris Mullinax

    CRM Properties, Inc

    (765) 860-8010

    7 Total Sales

    Chris Mullinax
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201649650

Indiana Regional MLS

APN: 34-04-30-101-015.000-002

Indiana Howard County Kokomo 46901

502 E Spraker St, Kokomo, IN

This home is located at 502 E Spraker St, Kokomo, IN 46901 since 28 October 2016 and is currently estimated at $273,645, approximately $63 per square foot. This property was built in 1997. 502 E Spraker St is a home located in Howard County with nearby schools including Bon Air Elementary School, Central Middle School, and Kokomo High 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.

Nearby Homes