NOT LISTED FOR SALE

512 S 7th St Unit 512 1/2 SOUTH 7TH ST Richmond, IN 47374

Estimated Value: $63,000 - $71,000

4 Beds
2 Baths
2,024 Sq Ft
$34/Sq Ft Est. Value

Last Sold March 31, 2014

Last sale price $23,000 $11 Per Sq Ft

Est. 204% increase in value since last sale

Current estimated payment $467/month

75 Days on Market

Highlights

  • Covered patio or porch
  • Multiple Water Heaters
  • Efficiency Studio Dwelling Unit
  • Detached Garage

About This Home

As of March 2014

Case number 151-843261. Must use showing assist for ALL showings. All bids are done via Hudhomestore.com. Property is insured with $1,100 in repair escrow. Combo lock - for private showing contact Chris Pierson at 765-220-0023 call or text. Email chris@chris-pierson.com

Last Agent to Sell the Property

CHRIS PIERSON

Better Homes and Gardens First Realty Group License #RB14043909 Listed on: 11/27/2013

Better Homes and Gardens First Realty Group

Last Buyer's Agent

TROY CRUSE

FC Tucker Richmond License #RB14047150

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,000

Year Built

  • Built in 1920

Lot Details

  • 0.97 Acre Lot
  • Lot Dimensions are 48x139

Parking

  • Detached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Stick Built Home

Interior Spaces

  • 2,024 Sq Ft Home
  • 2-Story Property
  • Non-Functioning Fireplace
  • Window Treatments
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Dishwasher

Schools

  • Vaile Elementary School
  • Test Middle School
  • Richmond High School

Utilities

  • Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Multiple Water Heaters
  • Gas Water Heater

Additional Features

  • Covered patio or porch
  • Efficiency Studio Dwelling Unit

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,000

Year Built

Built in 1920

Lot Details

0

Listing Details

  • OFFICELIST_ADDRESS: 512 S 7TH STREET
  • Second Address Number: 512
  • Estimated Year Built: 1920
  • Directions: SOUTH OF E STREET ON 7TH STREET, SOUTH SIDE OF THE ROAD
  • E X E M P T: Mortgage
  • F I N A N C I N G O F F E R E D: Cash, Conventional
  • Geo Address Line: 512 S 7th St
  • Geo Longitude: -84.8932418823242
  • Geo Primary City: Richmond
  • Geo Quality: 0.95
  • Geo Secondary City: Wayne Co.
  • Geo Subdivision: IN
  • Geo Zoom Level: 16
  • Land Valuation: 58500
  • OFFICELIST_STATE: IN
  • Building Stories: 2
  • Tax Dup Number: 029-17544-00
  • Taxes Half: 63400
  • Total Assessed Value: 4900
  • Cap Rate Percent: 435.01
  • Number One Bed Units: 1
  • Number Two Bed Units: 2
  • Split Utilities: Yes
  • Unit 1 Appliances: Dishwasher
  • Unit 1 Heat Type: Gas
  • Unit 2 Heat Type: Gas
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Total Number Rooms: 10
  • Has Basement: Yes, Full Basement, Unfinished
  • Fireplace: Non-Working
  • Price Per S Q F T: 11.36
  • Basement Type: Duplex
  • Window Treatments Stay: All

Exterior Features

  • Exterior Construction: Stick
  • Exterior: Brick
  • Foundation: Basement
  • Porch/Deck Type: Covered
  • Roof Age: 14
  • Roof Type: Shingle

Garage/Parking

  • Driveway: ALLEY
  • Garage Type: Garage-Detached

Utilities

  • Electric Company: Richmond Power and Light
  • Gas Company: Vectren Gas Company
  • Sewer: City
  • Hot Water: City
  • Water Heater: Gas
  • Number Water Heaters: 2

Condo/Co-op/Association

  • Number of Units: 2

Fee Information

  • Tax Class: MULTI-FAMILY

Schools

  • Elementary School: Vaile
  • Middle School: Test
  • High School: Richmond
  • Elementary School: Vaile
  • High School: Richmond
  • Middle School: Test

Lot Info

  • Geo Update Timestamp: 2014-04-04
  • Estimated Number Acres: 0.97
  • Land Contract: No
  • Lot Size: 48X139

Multi Family

  • Number Furnaces: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2024
Sold by
Whitewater Properties Llc
Bought by
Rockwell Property Mgmt Llc
Current Estimated Value
$70,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.88%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 28, 2019
Sold by
Drook William H
Bought by
Whitewater Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1
Interest Rate
4.4%
Mortgage Type
Undefined Multiple Amounts

Purchase Details

Listed on
Nov 27, 2013
Closed on
Mar 21, 2014
Sold by
The Secretary Of Housing And U
Bought by
Drook William H
Seller's Agent
CHRIS PIERSON
Better Homes and Gardens First Realty Group
Buyer's Agent
TROY CRUSE
FC Tucker Richmond
List Price
$28,000
Sold Price
$23,000
Premium/Discount to List
-$5,000
-17.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%

Purchase Details

Closed on
Oct 25, 2013
Sold by
Midfirst Bank
Bought by
Secretary Of Hud

Purchase Details

Closed on
Jul 17, 2013
Sold by
Good Melinda
Bought by
Midfirst Bank

Purchase Details

Closed on
Jun 8, 2005
Sold by
Crowe Kimberly S
Bought by
Good Melinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
8.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Rockwell Property Mgmt Llc $24,000 None Listed On Document
Whitewater Properties Llc -- --
Drook William H $27,900 --
Secretary Of Hud -- None Available
Midfirst Bank $86,260 None Available
Good Melinda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rockwell Property Management L $172,000
Previous Owner Rockwell Property Mgmt Llc $512,000
Previous Owner Whitewater Properties Llc $1
Previous Owner Good Melinda $66,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2014 03/31/14 Sold $23,000 -17.9% $11 / Sq Ft
02/10/2014 02/10/14 Pending -- -- --
11/27/2013 11/27/13 For Sale $28,000 -- $14 / Sq Ft
Source: Richmond Association of REALTORS®

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 $1,000 $50,000 $5,600 $44,400
2023 $878 $43,900 $4,900 $39,000
2022 $858 $42,900 $4,900 $38,000
2021 $786 $39,300 $4,900 $34,400
2020 $786 $39,300 $4,900 $34,400
2019 $792 $39,600 $4,900 $34,700
2018 $792 $39,600 $4,900 $34,700
2017 $786 $39,300 $4,900 $34,400
2016 $788 $39,400 $4,900 $34,500
2014 $852 $42,600 $4,900 $37,700
2013 $852 $63,400 $4,900 $58,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Richmond Association of REALTORS®

MLS Number: 10021407

APN: 89-18-05-420-504.000-030