NOT LISTED FOR SALE

505 Woodward St Lapel, IN 46051

Estimated Value: $183,000 - $191,172

4 Beds
2 Baths
-- Sq Ft
8,646 Sq Ft Lot

Last Sold July 01, 2020

Last sale price $116,100

Est. 61% increase in value since last sale

Current estimated payment $1,241/month

2 Days on Market

About This Home

As of July 2020

Property Id: 1087727

Charming and spacious studio and 1 bathroom apartment in duplex.

Last Agent to Sell the Property

Ken Miller

F.C. Tucker/Thompson Listed on: 06/01/2020

F.C. Tucker/Thompson

Last Buyer's Agent

Wendall Bontrager

Highgarden Real Estate

Highgarden Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,840

Year Built

  • Built in 1895

Lot Details

  • 8,646

Parking

  • 1 Car Garage
  • Alley Access

Home Design

  • Brick Foundation
  • Block Foundation
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Basement

Additional Features

  • 8,646 Sq Ft Lot
  • Separate Meters

Community Details

  • Woodwards Subdivision

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for electricity, gas, insurance, taxes, trash collection, water
  • Legal Lot and Block 077 / 3
  • Assessor Parcel Number 481028401094000032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,840

Year Built

Built in 1895

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: Multi-Level
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1895
  • Lot Size Acres: 0.019
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Triplex
  • Subdivision Name: Woodwards
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: Yes
  • MBR_AttributionContact: ken.miller@talktotucker.com
  • Multi Rooms: 11
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: Electricity, Gas, Insurance, Insurance, Taxes, Trash Collection, Water
  • Gross Area Sq Ft: 2458
  • ResoLivingAreaSource: Assessor
  • SqFt Total: 0

Exterior Features

  • Construction Materials: Wood Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block, Brick
  • List Price: 125900

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Alley Access
  • Unit Parking: 2 Car Garage

Utilities

  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Cooling: Separate Meters
  • Laundry Features: Other
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 7700
  • Insurance Expenses S F: 0.79

Lot Info

  • Lot Features: Access, Other
  • Additional Parcels: No
  • Current Use: Apt<20
  • Lot Size Sq Ft: 8646
  • Parcel Number: 481028401094000032
  • Zoning: R
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Net Operating Income: 8300
  • Gross Income: 16000
  • Insurance Expense: 1966
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1840
  • Tax Block: 3
  • Tax Lot: 077
  • Semi Annual Property Tax Amt: 920
  • Tax Exemption: None

MLS Schools

  • Schools: LAPEL ELEMENTARY,LAPEL HIGH,LAPEL MIDDLE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2020
Closed on
Jun 25, 2020
Sold by
Johnson Daniel W and Johnson Patricia A
Bought by
8224 Properties Llc
Seller's Agent
Ken Miller
F.C. Tucker/Thompson
Buyer's Agent
Wendall Bontrager
Highgarden Real Estate
List Price
$125,900
Sold Price
$116,100
Premium/Discount to List
-$9,800
-7.78%
Current Estimated Value
$187,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,317
Avg. Annual Appreciation
9.69%
Original Mortgage
$100,000
Interest Rate
3.1%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 9, 2007
Sold by
Frick Betty J
Bought by
Johnson Daniel W and Johnson Patricia A
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
8224 Properties Llc $116,100 Stewart Title Co
Johnson Daniel W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 8224 Properties Llc $205,000
Closed 8224 Properties Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2025 02/08/25 Off Market -- -- --
01/28/2025 01/28/25 For Rent -- -- --
07/01/2020 07/01/20 Sold $116,100 -7.8% --
06/04/2020 06/04/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $125,900 -- --
Source: MIBOR Broker Listing Cooperative®

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 $2,564 $128,200 $14,600 $113,600
2023 $2,344 $117,200 $13,900 $103,300
2022 $2,204 $110,200 $13,200 $97,000
2021 $2,032 $101,600 $13,200 $88,400
2020 $1,886 $94,300 $12,500 $81,800
2019 $1,840 $92,000 $12,500 $79,500
2018 $1,688 $84,400 $12,500 $71,900
2017 $1,676 $83,800 $12,500 $71,300
2016 $1,676 $83,800 $12,500 $71,300
2014 $1,444 $72,200 $12,500 $59,700
2013 $1,444 $72,200 $12,500 $59,700
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Ken Miller

    F.C. Tucker/Thompson

    Section Image

  • W

    Buyer's Agent in 2020

    Wendall Bontrager

    Highgarden Real Estate

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21715437

MIBOR Broker Listing Cooperative®

APN: 48-10-28-401-094.000-032

Indiana Madison County Lapel 46051

505 Woodward St, Lapel, IN

This home is located at 505 Woodward St, Lapel, IN 46051 since 01 June 2020 and is currently estimated at $187,293. This property was built in 1895. 505 Woodward St is a home located in Madison County with nearby schools including Lapel Elementary School, Lapel Middle School, and Lapel 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.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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