NOT LISTED FOR SALE

520 Walnut St Lapel, IN 46051

Estimated Value: $165,000 - $217,625

2 Beds
1.5 Baths
1,244 Sq Ft
$151/Sq Ft Est. Value

Last Sold June 05, 2024

Last sale price $177,500 $143 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,118/month

Highlights

  • Ranch Style House
  • Eat-In Country Kitchen
  • Forced Air Heating System
  • No HOA
  • 2 Car Attached Garage
  • Combination Kitchen and Dining Room

About This Home

As of June 2024

Calling all investors looking for a simple project! This home is ready for your creative vision with several essentials already done. This ranch is an amazing opportunity located in sought-after Lapel. 1,244 square feet of living space with 2 bedrooms & 1.5 bathrooms. It used to be 3 bedrooms & could easily become that again just by adding a wall. Home has been handled with care for many years. Kitchen has tons of space & lots of opportunity. Family room is flooded with natural light creating an inviting atmosphere. Master bedroom comes with ample closet space. Backyard is perfect for relaxing/entertaining. Home also comes with a 2-car attached garage. Close to schools, parks, shops, restaurants & downtown Lapel. Schedule a showing & explore the possibilities!

Last Agent to Sell the Property

Alexander Elston

United Real Estate Indpls Brokerage Email: Elston.re@gmail.com License #RB14052287 Listed on: 05/10/2024

United Real Estate Indpls

Last Buyer's Agent

Paul Scherrer

United Real Estate Indpls

United Real Estate Indpls

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,274

Year Built

  • Built in 1964

Lot Details

  • 8,712

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Fixer Upper
  • Brick Exterior Construction

Interior Spaces

  • 1,244 Sq Ft Home
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Attic Access Panel

Kitchen

  • Eat-In Country Kitchen
  • Breakfast Bar

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Lapel Middle School

Additional Features

  • 8,712 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 481028401079000032

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,274

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1964
  • Building Area Total: 1244
  • Garage Y N: Yes
  • Lot Size Acres: 0.2
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: Elston.re@gmail.com
  • Attribution Contact: Elston.re@gmail.com
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: None
  • Levels: One
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Attic Access, Breakfast Bar, Eat-in Kitchen
  • Living Area: 1244
  • Main Level Bedrooms: 2
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1244
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Kitchen Features: Kitchen Country
  • Upper Level Sq Ft: 0
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Crawl Space
  • List Price: 150000
  • Property Condition: Fixer
  • View Y N: No
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached
  • Garage Sq Ft: 520

Utilities

  • Utilities: Cable Available, Electricity Connected, Gas Nearby
  • Cooling: Central Electric
  • Heating: Forced Air
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Lapel Middle School

Lot Info

  • Lot Features: Curbs, Sidewalks, Storm Sewer
  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 8712
  • Parcel Number: 481028401079000032
  • Acres: <1/4 Acre
  • Price Acre: 887500

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 1274
  • Tax Lot: 1
  • Semi Annual Property Tax Amt: 637

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Jun 5, 2024
Sold by
Lemasters Rex Scott
Bought by
Rieches Tyler Ray and Rieches Beth Elaine
Seller's Agent
Alexander Elston
United Real Estate Indpls
Buyer's Agent
Paul Scherrer
United Real Estate Indpls
List Price
$150,000
Sold Price
$177,500
Premium/Discount to List
$27,500
18.33%
Views
6
Current Estimated Value
$187,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,406
Avg. Annual Appreciation
4.28%
Original Mortgage
$142,000
Outstanding Balance
$140,239
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$47,667

Purchase Details

Closed on
Apr 20, 2010
Sold by
Stephenson Ronald L and Stephenson Donna K
Bought by
Lemasters Rex S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,043
Interest Rate
5.5%
Mortgage Type
FHA
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
Rieches Tyler Ray -- Investors Title
Lemasters Rex S $108,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rieches Tyler Ray $142,000
Previous Owner Lemasters Rex S $106,043
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2024 06/05/24 Sold $177,500 +18.3% $143 / Sq Ft
05/11/2024 05/11/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $150,000 -- $121 / Sq Ft
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 $1,468 $146,800 $20,100 $126,700
2023 $1,342 $134,200 $19,100 $115,100
2022 $1,274 $127,400 $18,400 $109,000
2021 $1,186 $118,600 $18,400 $100,200
2020 $1,135 $113,500 $6,900 $106,600
2019 $1,104 $110,400 $6,900 $103,500
2018 $1,007 $100,700 $6,900 $93,800
2017 $994 $99,400 $6,900 $92,500
2016 $994 $99,400 $6,900 $92,500
2014 $991 $99,100 $6,900 $92,200
2013 $991 $99,100 $6,900 $92,200
Source: Public Records

Agents Affiliated with this Home

  • Alexander Elston

    Seller's Agent in 2024

    Alexander Elston

    United Real Estate Indpls

    (317) 216-8800

    1 in this area

    139 Total Sales

    Alexander Elston
    Section Image

  • P

    Buyer's Agent in 2024

    Paul Scherrer

    United Real Estate Indpls

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21978726

MIBOR Broker Listing Cooperative®

APN: 48-10-28-401-079.000-032

Indiana Madison County Lapel 46051

520 Walnut St, Lapel, IN

This home is located at 520 Walnut St, Lapel, IN 46051 since 10 May 2024 and is currently estimated at $187,906, approximately $151 per square foot. This property was built in 1964. 520 Walnut 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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