NOT LISTED FOR SALE

520 E Jefferson St Tipton, IN 46072

Estimated Value: $191,000 - $242,000

4 Beds
4 Baths
2,080 Sq Ft
$107/Sq Ft Est. Value

Last Sold June 17, 2021

Last sale price $170,000 $82 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,458/month

6 Days on Market

Highlights

  • Corner Lot
  • Covered Patio or Porch
  • Laundry in Utility Room
  • Tipton High School Rated 9+
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of June 2021

A well maintained investment property with 4 units that offers a 2 bdrm apt w/laundry rm on main level, a 1 bdrm upstairs apt, 1 bdrm efficiency apt on main, commercial office/shop, a partial basement & a 2+ car det garage. 2 bdrm apt on main has 1 yr lease & the other 2 apts are month to month. Currently property has 3 residential apts & 1 commercial style business. New owner would need to consult government office to insure approval of use of new business to occupy the property. The property is considered to be a legal non-conforming use. Owner of property currently occupy the commercial unit and there is not rent on record. Trophy shop is NOT closing just relocating & owner would be prefer to rent back for 30 to 90 days

Last Agent to Sell the Property

Kim Sottong

RE/MAX Anew Realty Listed on: 05/27/2021

RE/MAX Anew Realty

Last Buyer's Agent

Summer Sherer

RE/MAX Anew Realty

RE/MAX Anew Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,727

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 66x132
  • Wood Fence
  • Corner Lot
  • Level Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Partially Finished Basement

  • Sump Pump
  • Crawl Space

Parking

  • 2 Car Detached Garage
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, fuel, trash collection, water
  • The owner pays for building insurance, electric, heating, tax, water
  • Assessor Parcel Number 80-11-11-558-021.000-002

Community Details

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 4 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,840
  • Fuel Expense $1,132
  • Insurance Expense $1,348
  • Water Sewer Expense $600

Additional Features

  • 4 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,727

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1920
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: K & W EAST ADD I:4 B:1
  • Parcel Number ID: 80-11-11-558-021.000-002
  • Platted: Yes
  • Amenities: Basement, Storage, Countertops-Laminate, Porch Covered, Water Heater Gas, Sump Pump, Washer Hook-Up
  • Location: City/Town/Suburb
  • Special Features: None

Interior Features

  • Total Sq Ft: 2080
  • Total Finished Sq Ft: 2080
  • Above Grade Finished Sq Ft: 2080
  • Basement: Yes
  • Basement Foundation: Crawl, Slab, Partial Basement
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1304
  • Number Of Disposals: 2
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Shingle
  • Fence: Wood
  • Stories: 2

Garage/Parking

  • Driveway: Concrete, Gravel
  • Number Of Parking Spaces: 4
  • Parking: Garage, Off Street, Street

Utilities

  • Cooling: Central Air, Wall AC, Window
  • Heating Fuel: Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Cable Company: Comcast
  • Annual Electric: 1840.17
  • Annual Fuel Expense: 1132.4
  • Annual Insurance Expense: 1348
  • Annual Water Sewer Expense: 600
  • Number Electric Meters: 4
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 66X132

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Building Insurance, Electric, Heating, Tax, Water
  • Tenant Pays: Electric, Fuel, Trash Collection, Water

Tax Info

  • Exemptions: Mortgage
  • Annual Property Tax: 2727

Multi Family

  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2021
Closed on
Jun 17, 2021
Sold by
Hartsough Shirley E
Bought by
Jbm Enterprises Llc
Seller's Agent
Kim Sottong
RE/MAX Anew Realty
Buyer's Agent
Summer Sherer
RE/MAX Anew Realty
List Price
$159,900
Sold Price
$170,000
Premium/Discount to List
$10,100
6.32%
Current Estimated Value
$221,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,620
Avg. Annual Appreciation
6.27%
Source: Public Records

Range of Values:

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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
Jbm Enterprises Llc $170,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2021 06/17/21 Sold $170,000 +6.3% $82 / Sq Ft
06/02/2021 06/02/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $159,900 -- $77 / 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 $3,573 $151,300 $27,400 $123,900
2023 $3,476 $147,000 $27,400 $119,600
2022 $3,622 $154,300 $27,400 $126,900
2021 $2,627 $107,600 $27,400 $80,200
2020 $2,727 $107,600 $27,400 $80,200
2019 $2,727 $107,600 $27,400 $80,200
2018 $2,694 $106,200 $27,400 $78,800
2017 $2,664 $105,000 $27,400 $77,600
2016 $2,664 $105,000 $27,400 $77,600
2014 $2,644 $107,900 $27,400 $80,500
2013 $2,644 $108,000 $27,500 $80,500
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kim Sottong

    RE/MAX

    (765) 860-5373

    85 in this area

    180 Total Sales

    Kim Sottong
    Section Image
  • Summer Sherer

    Buyer's Agent in 2021

    Summer Sherer

    RE/MAX

    (765) 437-7629

    33 in this area

    93 Total Sales

    Summer Sherer
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202119560

Indiana Regional MLS

APN: 80-11-11-558-021.000-002

Indiana Tipton County Tipton 46072

520 E Jefferson St, Tipton, IN

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