512 N 16th St Richmond, IN 47374
Estimated payment $391/month
About This Home
This 3-bedroom home offers a fantastic investment opportunity with a reliable tenant currently on a month-to-month lease at $525/month. Whether you're looking to expand your portfolio or secure a steady stream of rental income, this property is a great choice. The home has recently been upgraded with a new electrical panel, ensuring safety and reliability for years to come. The tenant has maintained the property, and with the current lease in place, you'll start earning income from day one. This property is a solid investment providing an ideal blend of affordability and potential for future appreciation. Don’t miss your chance to add this income-generating property to your portfolio! Contact Mark or Kristen Brunton for a private showing: Mark: 765-993-3323 or Kristen: 765-977-4627
Listing Agent
Better Homes and Gardens First Realty Group License #RB14045574 Listed on: 01/15/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $902
Lot Details
- 6,098 Sq Ft Lot
Parking
- 1 Car Garage
Interior Spaces
- 1,205 Sq Ft Home
- 2-Story Property
- Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Map
Home Values in the Area
Average Home Value in this Area
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 | $902 | $45,100 | $4,000 | $41,100 |
| 2023 | $790 | $39,500 | $3,500 | $36,000 |
| 2022 | $770 | $38,500 | $3,500 | $35,000 |
| 2021 | $712 | $35,600 | $3,500 | $32,100 |
| 2020 | $720 | $36,000 | $3,500 | $32,500 |
| 2019 | $720 | $36,000 | $3,500 | $32,500 |
| 2018 | $754 | $37,700 | $3,500 | $34,200 |
| 2017 | $748 | $37,400 | $3,500 | $33,900 |
| 2016 | $734 | $36,700 | $3,500 | $33,200 |
| 2014 | $710 | $35,500 | $3,500 | $32,000 |
| 2013 | $710 | $35,500 | $3,500 | $32,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/15/2024 01/15/24 | For Sale | $59,900 | -- | $50 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $60,450 | New Conventional |
Source: Richmond Association of REALTORS®
MLS Number: 10050193
APN: 89-16-33-320-106.000-030
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