NOT LISTED FOR SALE

505 S 18th St Unit 505, 507, 509 New Castle, IN 47362

New Castle Neighborhood

Estimated Value: $81,000 - $87,000

3 Beds
3 Baths
3,232 Sq Ft
$26/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $70,000 $22 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $590/month

126 Days on Market

Highlights

  • Traditional Architecture
  • Covered patio or porch
  • Walk-In Closet
  • Wood Flooring
  • Eat-In Kitchen
  • 3-minute walk to Murphey Park

About This Home

As of May 2022

20 years of Investing in New Castle: Ready for New Owner! 1.5 story triplex, fully rented. (3) 1 bed, 1 bath apts- tenants pay gas & elec with rents of $325-$350/mo. Covered Front Porches. Full Basement for easy access to systems. Concrete Drive. 2 Car Detached Garage offers storage options.

Last Listed By

Heather Clemmons

Starr Real Estate LLC Listed on: 07/29/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,005

Year Built

  • Built in 1900

Lot Details

  • 6,229 Sq Ft Lot
  • Lot Dimensions are 55x113
  • Level Lot
  • Irregular Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Crawl Space

Parking

  • 3 Parking Spaces
  • Driveway
  • Paved Parking
  • On-Street Parking
  • Off-Street Parking

Schools

  • Parker Elementary School
  • New Castle Middle School
  • New Castle High School

Utilities

  • Forced Air Heating 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 33-12-14-130-185.000-016

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $1,200

Additional Features

  • 3 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,005

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 121
  • Style: One and Half Story
  • Architectural Style: Traditional
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: ELLIOTTS ADD LOT 2 BLK 3 EX NE COR PT LOTS 1, 3, 5 & 6 BLK 3 EX 345 SQ FT
  • Parcel Number ID: 33-12-14-130-185.000-016
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Storage, Cable Ready, Closet(s) Walk-in, Eat-In Kitchen, Porch Covered
  • Location: City/Town/Suburb
  • Sp Lp Percent: 101.6
  • Monthly Gross Income: 1050
  • Year Taxes Payable: 2021
  • Special Features: None

Interior Features

  • Total Sq Ft: 4444
  • Total Finished Sq Ft: 3232
  • Above Grade Finished Sq Ft: 3232
  • Below Grade Sq Ft: 1212
  • Price Per Sq Ft: 21.66
  • Basement: Yes
  • Basement Foundation: Crawl, Full Basement
  • Basement Material: Block
  • Flooring: Carpet, Wood
  • Total Below Grade Sq Ft: 1212

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 1.5

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 3
  • Parking: Off Street, Paved, Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Water Sewer Expense: 1200
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: New Castle Community School Corp.
  • Elementary School: Parker
  • Middle School: New Castle
  • High School: New Castle
  • Elementary School: Parker

Lot Info

  • Lot Description: Irregular, Level
  • Lot Dimensions: 55x113
  • Estimated Lot Sq Ft: 6229
  • Estimated Lot Size Acres: 0.143
  • Lot Number: 2

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric, Fuel, Heating

Multi Family

  • Gross Monthly Rent: 1050
  • Number Of Units: 3
  • Num Of1 Bedrooms: 3
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1005

MLS Schools

  • High School: New Castle
  • Middle School: New Castle
  • School District: New Castle Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2024
Sold by
Short Brian Jeffrey
Bought by
West Main Llc
Total Days on Market
126
Current Estimated Value
$84,029

Purchase Details

Listed on
Jul 29, 2021
Closed on
May 6, 2022
Sold by
Thompson Richard L
Bought by
Jeffrey Short Brian
Seller's Agent
Heather Clemmons
Starr Real Estate LLC
Buyer's Agent
Diana Martin
NonMember MEIAR
List Price
$68,900
Sold Price
$70,000
Premium/Discount to List
$1,100
1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%

Purchase Details

Closed on
Sep 8, 2009
Sold by
Thompson Richard L
Bought by
State Of Indiana

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
West Main Llc $86,500 Security Title Services
Jeffrey Short Brian $70,000 Inidana Home Title
State Of Indiana $1,650 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2022 05/09/22 Sold $70,000 +1.6% $22 / Sq Ft
12/02/2021 12/02/21 Pending -- -- --
11/08/2021 11/08/21 For Sale $68,900 0.0% $21 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
08/27/2021 08/27/21 Price Changed $68,900 -1.4% $21 / Sq Ft
07/29/2021 07/29/21 For Sale $69,900 -- $22 / 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 $1,434 $71,700 $15,600 $56,100
2023 $1,412 $70,600 $15,600 $55,000
2022 $1,198 $60,200 $3,900 $56,300
2021 $1,037 $51,700 $3,400 $48,300
2020 $1,038 $50,100 $3,400 $46,700
2019 $1,071 $49,100 $3,400 $45,700
2018 $1,041 $47,800 $3,100 $44,700
2017 $1,038 $47,600 $3,100 $44,500
2016 $882 $41,300 $2,800 $38,500
2014 $885 $42,800 $3,000 $39,800
2013 $885 $41,000 $3,000 $38,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202130871

Indiana Regional MLS

APN: 33-12-14-130-185.000-016