$270,000
SOLD APR 15, 2025

504 Ross Ave Warsaw, IN 46580

7 Beds
6 Baths
4,006 Sq Ft
0.32 Acres

Recently Sold

$67 Per Sq Ft

15% Below List Price

78 Days on Market

Highlights

  • Cul-De-Sac
  • Enclosed Patio or Porch
  • Forced Air Heating and Cooling System
  • Warsaw Community High School Rated A-
  • Laundry in Utility Room
  • Ceiling Fan

About This Home

As of April 2025

Motivated seller! Two units. Get ready to make passive income! This fantastic investment opportunity right across from Pike Lake and just minutes from downtown Warsaw! This spacious duplex has been recently updated and offers plenty of potential. Unit A features 3 bedrooms, 1.5 bathrooms, a cozy sunroom, plus a newer furnace and AC system for added comfort. Unit B boasts 4 bedrooms, 2 full bathrooms, 2 half baths, and a dedicated office space — perfect for work-from-home tenants. Each unit provides approximately 2,000 sq. ft. of living space, ensuring ample room for tenants to enjoy. Tenants are responsible for their own electricity and gas, while the owner covers sewer and trash services, currently at $116/month. Previous rental income: Unit A: $1,425/month| Unit B: $1,525/month. Don’t miss out on this incredible opportunity! Schedule your showing today! *Only one unit is currently pictured*

Last Agent to Sell the Property

Berto Barrera

RE/MAX Results Brokerage Phone: 574-253-7400 Listed on: 01/07/2025

RE/MAX Results

Last Buyer's Agent

Teddy Shepherd

Coldwell Banker Real Estate Group

Coldwell Banker Real Estate Group

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,243

Year Built

  • Built in 1989

Lot Details

  • Lot Dimensions are 111x125
  • Cul-De-Sac

Parking

  • 4 Parking Spaces

Home Design

  • Shingle Siding
  • Vinyl Construction Material

Interior Spaces

  • 4,006 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laminate Countertops
  • Laundry in Utility Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Harrison Elementary School
  • Lakeview Middle School
  • Warsaw High School

Utilities

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

Listing and Financial Details

  • Tenant pays for cable, electric, heating
  • The owner pays for building insurance, sewer, tax, trash collection
  • Assessor Parcel Number 43-11-05-200-257.000-032

Community Details

Overview

  • 2 Units
  • Devanathan Subdivision

Building Details

  • Water Sewer Expense $1,392

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,243

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1989
  • Style: Townhouse
  • Bedrooms: 7
  • Total Bathrooms: 6
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 3
  • Legal Description: 4-20-194 LOT 2 DEVANATHAN SD
  • Parcel Number ID: 43-11-05-200-257.000-032
  • Platted: Yes
  • Amenities: Ceiling Fan, Countertops-Laminate, Porch Enclosed, Water Heater Gas
  • Special Features: None

Interior Features

  • Total Sq Ft: 4006
  • Total Finished Sq Ft: 4006
  • Above Grade Finished Sq Ft: 4006
  • Flooring: Carpet, Vinyl
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Shingle, Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: Well
  • Annual Water Sewer Expense: 1392
  • Number Of W D Hookups: 2

Schools

  • Elementary School: Harrison

Lot Info

  • Lot Description: Cul-De-Sac, Flood Plain
  • Lot Dimensions: 111x125
  • Estimated Lot Sq Ft: 13939
  • Estimated Lot Size Acres: 0.32

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Sewer, Tax, Trash Collection
  • Tenant Pays: Cable, Electric, Heating

Tax Info

  • Annual Property Tax: 5242.76

Multi Family

  • Number Of Dishwashers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of 4 Bedrooms: 1

MLS Schools

  • High School: Warsaw
  • Middle School: Lakeview
  • School District: Warsaw Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2025
Closed on
Apr 15, 2025
Sold by
Padilla Sergio and Padilla Alicia
Bought by
Shepherd Teddy J
Seller's Agent
Berto Barrera
RE/MAX Results
Buyer's Agent
Teddy Shepherd
Coldwell Banker Real Estate Group
List Price
$319,000
Sold Price
$270,000
Premium/Discount to List
-$49,000
-15.36%
Views
127
Current Estimated Value
$317,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,161
Avg. Annual Appreciation
27.16%
Original Mortgage
$202,500
Outstanding Balance
$201,598
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$115,563

Purchase Details

Listed on
Mar 17, 2023
Closed on
May 26, 2023
Sold by
Harrison Terry
Bought by
Padilla Marin Sergio and Padilla Alicia Alicia
List Price
$315,000
Sold Price
$305,000
Premium/Discount to List
-$10,000
-3.17%
Views
70

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.25%
Original Mortgage
$228,750
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 16, 2021
Closed on
Apr 20, 2022
Sold by
Protection Trust
Bought by
Harrison Terry and Kuyper Nicole
Seller's Agent
Karin Hamilton
Hamilton Real Estate Group LLC
Buyer's Agent
Nicole Kuyper
Real Broker, LLC
List Price
$350,000
Sold Price
$205,000
Premium/Discount to List
-$145,000
-41.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.50%
Original Mortgage
$184,500
Interest Rate
4.16%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 15, 2021
Sold by
Ravi Shanker Nangunoori
Bought by
Protection Trust

Purchase Details

Closed on
Sep 21, 2020
Sold by
Nangunoori Ravi Shanker
Bought by
Nangunoori Ravi Shanker and Uppala Shashank

Purchase Details

Listed on
Mar 31, 2016
Closed on
Apr 29, 2017
Sold by
Sathish Sandu
Bought by
Ravi
Seller's Agent
Norm Weirick
RE/MAX Results
Buyer's Agent
Karin Hamilton
Hamilton Real Estate Group LLC
List Price
$119,900
Sold Price
$95,000
Premium/Discount to List
-$24,900
-20.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.99%
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 Type Sale Price Title Company
Warranty Deed -- Metropolitan Title
Warranty Deed $305,000 None Listed On Document
Deed $205,000 Hardig Edward W
Grant Deed -- None Listed On Document
Warranty Deed -- None Available
Deed $95,000 --
Warranty Deed $95,000 Fidelity National Title Compan
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $202,500 New Conventional
Previous Owner $228,750 New Conventional
Previous Owner $184,500 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/15/2025 04/15/25 Sold $270,000 -6.6% $67 / Sq Ft
03/26/2025 03/26/25 Pending -- -- --
03/18/2025 03/18/25 Price Changed $289,000 -3.3% $72 / Sq Ft
02/11/2025 02/11/25 Price Changed $299,000 -3.2% $75 / Sq Ft
02/03/2025 02/03/25 Price Changed $309,000 -3.1% $77 / Sq Ft
01/07/2025 01/07/25 For Sale $319,000 +4.6% $80 / Sq Ft
05/26/2023 05/26/23 Sold $305,000 -3.2% $76 / Sq Ft View Prior Sale
05/15/2023 05/15/23 Pending -- -- --
03/17/2023 03/17/23 For Sale $315,000 +53.7% $79 / Sq Ft
04/21/2022 04/21/22 Sold $205,000 -21.2% $51 / Sq Ft View Prior Sale
03/14/2022 03/14/22 Pending -- -- --
02/14/2022 02/14/22 Price Changed $260,000 -13.0% $65 / Sq Ft
12/06/2021 12/06/21 Price Changed $299,000 -14.6% $75 / Sq Ft
11/16/2021 11/16/21 For Sale $350,000 +268.4% $87 / Sq Ft
05/01/2017 05/01/17 Sold $95,000 -20.8% $24 / Sq Ft View Prior Sale
03/03/2017 03/03/17 Pending -- -- --
03/31/2016 03/31/16 For Sale $119,900 -- $30 / 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 $6,243 $302,100 $35,300 $266,800
2023 $2,823 $252,000 $35,300 $216,700
2022 $4,675 $224,500 $29,400 $195,100
2021 $4,021 $192,100 $29,400 $162,700
2020 $3,696 $176,400 $22,900 $153,500
2019 $3,572 $170,200 $20,100 $150,100
2018 $3,347 $159,400 $18,200 $141,200
2017 $3,253 $154,400 $18,200 $136,200
2016 $3,117 $147,800 $16,300 $131,500
2014 $2,770 $138,500 $12,100 $126,400
2013 $2,770 $140,900 $12,100 $128,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202500558

Indiana Regional MLS

APN: 43-11-05-200-257.000-032