NOT LISTED FOR SALE

502 N 2nd St Kentland, IN 47951

Estimated Value: $115,000 - $162,000

4 Beds
2 Baths
1,437 Sq Ft
$94/Sq Ft Est. Value

Last Sold November 03, 2023

Last sale price $80,000 $56 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $906/month

86 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Double Pane Windows
  • Carpet

About This Home

As of November 2023

Back on the market due to no fault of the seller or property

Last Agent to Sell the Property

James Cackley

Cackley Real Estate Listed on: 06/22/2023

Last Buyer's Agent

James Cackley

Cackley Real Estate Listed on: 06/22/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,561

Year Built

  • Built in 1880

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 75x150
  • Rural Setting
  • Corner Lot

Home Design

  • Duplex
  • Brick Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Laundry in Basement

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • South Newton Elementary And Middle School
  • South Newton High School

Utilities

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

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 56-16-21-442-011.000-011

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $911
  • Water Sewer Expense $1,694

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,561

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1880
  • Age: 143
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Lot 10 & E1/2 Lot 11 Blk 25 Mccray, Ade & Cones Add Kentland
  • Parcel Number ID: 56-16-21-442-011.000-011
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Countertops-Laminate, Water Heater Gas
  • Location: City/Town/Suburb, Rural
  • Sp Lp Percent: 82.05
  • Monthly Gross Income: 825
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 2874
  • Total Finished Sq Ft: 1437
  • Above Grade Finished Sq Ft: 1437
  • Below Grade Sq Ft: 1437
  • Price Per Sq Ft: 55.67
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block, Brick
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 1437
  • Number Of Ranges Ovens: 2

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Annual Insurance Expense: 911
  • Annual Water Sewer Expense: 1694
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • School District: South Newton School Corp.
  • Elementary School: South Newton
  • Middle School: South Newton
  • High School: South Newton
  • Elementary School: South Newton

Lot Info

  • Lot Description: Corner, 0-2.9999
  • Lot Dimensions: 75x150
  • Estimated Lot Sq Ft: 12632
  • Estimated Lot Size Acres: 0.29

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows

Rental Info

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

Multi Family

  • Gross Monthly Rent: 825
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1561

MLS Schools

  • High School: South Newton
  • Middle School: South Newton
  • School District: South Newton School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Nov 3, 2023
Sold by
Raisanen Steven
Bought by
Molter Mark R
Seller's Agent
James Cackley
Cackley Real Estate
Buyer's Agent
James Cackley
Cackley Real Estate
List Price
$105,000
Sold Price
$80,000
Premium/Discount to List
-$25,000
-23.81%
Views
277
Current Estimated Value
$135,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,752
Avg. Annual Appreciation
32.32%
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
Molter Mark R $80,000 Law Offices Of Randle & Sammon
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2023 11/03/23 Sold $80,000 -17.9% $56 / Sq Ft
09/16/2023 09/16/23 Pending -- -- --
08/08/2023 08/08/23 Price Changed $97,500 -7.1% $68 / Sq Ft
06/22/2023 06/22/23 For Sale $105,000 -- $73 / 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 $2,236 $111,800 $16,600 $95,200
2023 $1,870 $93,400 $15,200 $78,200
2022 $1,929 $88,100 $15,200 $72,900
2021 $1,434 $71,700 $13,100 $58,600
2020 $1,364 $63,800 $13,100 $50,700
2019 $1,363 $63,800 $13,100 $50,700
2018 $1,365 $63,800 $13,100 $50,700
2017 $1,244 $58,100 $7,700 $50,400
2016 $1,109 $51,800 $7,700 $44,100
2014 $904 $45,200 $7,700 $37,500
2013 $904 $42,800 $7,700 $35,100
Source: Public Records

Agents Affiliated with this Home

  • James Cackley

    Seller's Agent in 2023

    James Cackley

    Cackley Real Estate

    (765) 426-7306

    9 in this area

    280 Total Sales

    James Cackley
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Map

Source: Indiana Regional MLS

MLS Number: 202321578

Indiana Regional MLS

APN: 56-16-21-442-011.000-011

Indiana Newton County Kentland 47951

502 N 2nd St, Kentland, IN

This home is located at 502 N 2nd St, Kentland, IN 47951 since 22 June 2023 and is currently estimated at $135,752, approximately $94 per square foot. This property was built in 1880. 502 N 2nd St is a home located in Newton County with nearby schools including South Newton Elementary School, South Newton Middle School, and South Newton Senior 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.

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