NOT LISTED FOR SALE

531 Michigan St Wabash, IN 46992

Estimated Value: $92,000 - $123,000

3 Beds
1 Bath
1,430 Sq Ft
$77/Sq Ft Est. Value

Last Sold November 30, 2020

Last sale price $65,000 $45 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $671/month

41 Days on Market

Highlights

  • Corner Lot
  • Workshop
  • 2 Car Detached Garage
  • Covered patio or porch
  • Utility Room in Garage
  • Bathtub with Shower

About This Home

As of November 2020

This 3 Bedroom Home is a Rare find within City limits sporting not just 1 garage but 2! This 3 Bedroom 1 Bath home w/ over 1400 sf is waiting for its new owners to call it theirs. Some recent updates including new paint and flooring, lighting and kitchen cabinets have been painted & updated, and new doors to the basement. When you enter the home from the front walk you will step up on your LARGE covered front porch perfect for spending time watching the world go by. Upon entering you will find your living room, dining room for family meals, kitchen, Whole house bath complete with laundry area, and your master bedroom on the main level. Head upstairs where you will find your other 2 large bedrooms. This home is situated on a private double corner lot with alley access and not 1 but 2 detached garages! The Larger of the 2 Garages is equipped with power to store all of your vehicle's, toys, and more or use one as a workshop area the possibilities are endless. Both Garages have metal roofs that were new in 2014. The power was ran to the one garage in 2016 and the home itself had new wiring in 2014.

Last Agent to Sell the Property

John Lundquist

Lundquist Appraisals & Real Estate Listed on: 10/13/2020

Last Buyer's Agent

Barb Drye

Metz Phillipy Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $382

Year Built

  • Built in 1916

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 193x146x127.9
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Metal Roof
  • Wood Siding
  • Concrete Siding
  • Masonry Siding
  • Masonry
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Ceiling Fan
  • Workshop
  • Utility Room in Garage
  • Laundry on main level
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Partially Finished Basement

  • Exterior Basement Entry
  • Stone or Rock in Basement
  • Crawl Space

Schools

  • Oj Neighbors Elementary School
  • Wabash Middle School
  • Wabash High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 85-14-02-404-081.000-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$382

Year Built

Built in 1916

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1916
  • Age: 104
  • Style: One and Half Story
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: BD OF TRADE LOTS 200 & 201
  • Parcel Number ID: 85-14-02-404-081.000-009
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Countertops-Laminate, Garage Door Opener, Porch Covered, Tub/Shower Combination, Workshop, Main Floor Laundry, Garage Utilities
  • Cross Street: Manchester Ave
  • Improvmnts In Last5 Yrs: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 92.99
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 1625
  • Total Finished Sq Ft: 1430
  • Above Grade Finished Sq Ft: 1430
  • Below Grade Sq Ft: 195
  • Price Per Sq Ft: 45.45
  • Basement: Yes
  • Basement Foundation: Crawl, Outside Entrance Only, Partial Basement, Unfinished
  • Basement Material: Stone
  • Flooring: Carpet, Vinyl
  • Living Great Room: Dimensions: 15x15, On Level: Main
  • Kitchen: Dimensions: 14x12, On Level: Main
  • Dining Room: Dimensions: 15x13, On Level: Main
  • Bedroom 1: Dimensions: 18x9, On Level: Main
  • Bedroom 2: Dimensions: 15x10, On Level: Upper
  • Bedroom 3: Dimensions: 15x13, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 195

Exterior Features

  • Exterior: Concrete, Vinyl, Wood, Masonry
  • Roof Material: Asphalt, Metal, Shingle
  • Outbuilding1: 2nd Detached Garage, Dimensions: 12x20, 240

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x24
  • Garage Sq Ft: 576
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

  • School District: Wabash City Schools
  • Elementary School: OJ Neighbors
  • Middle School: Wabash
  • High School: Wabash
  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 193X146X127.9
  • Estimated Lot Sq Ft: 13068
  • Estimated Lot Size Acres: 0.3

Tax Info

  • Annual Taxes: 381.76

MLS Schools

  • High School: Wabash
  • Middle School: Wabash
  • School District: Wabash City Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2020
Closed on
Nov 30, 2020
Sold by
Ozenbaugh James E
Bought by
Harner Blake
Seller's Agent
John Lundquist
Lundquist Appraisals & Real Estate
Buyer's Agent
Barb Drye
Metz Phillipy Real Estate
List Price
$69,900
Sold Price
$65,000
Premium/Discount to List
-$4,900
-7.01%
Total Days on Market
41
Current Estimated Value
$110,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,752
Avg. Annual Appreciation
13.46%
Original Mortgage
$63,050
Outstanding Balance
$56,868
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$58,616

Purchase Details

Listed on
Jun 14, 2017
Closed on
Nov 17, 2017
Sold by
Turner Cody N
Bought by
Ozenbaugh James E
Seller's Agent
Tisha Strickler
Lundquist Appraisals & Real Estate
List Price
$60,000
Sold Price
$52,000
Premium/Discount to List
-$8,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.62%
Original Mortgage
$52,525
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2015
Sold by
Cruz Tristan T
Bought by
Turner Cody N

Purchase Details

Listed on
Aug 6, 2013
Closed on
Mar 21, 2014
Sold by
Jacoby Julia C
Bought by
Turner Cody N and Cruz Tristan T
Seller's Agent
Lori Siders
Siders Premiere Properties, LLC
Buyer's Agent
Lori Siders
Siders Premiere Properties, LLC
List Price
$39,900
Sold Price
$42,500
Premium/Discount to List
$2,600
6.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.29%
Original Mortgage
$43,367
Interest Rate
4.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2011
Sold by
Jacoby Julia A and Maas Janet D Ver
Bought by
Jacoby Julia A

Purchase Details

Closed on
Dec 3, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Jacoby Julia A

Purchase Details

Closed on
Sep 15, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Federal National Mortage Assn

Purchase Details

Closed on
Nov 13, 2007
Sold by
Secretary Of Veterans Affairs
Bought by
Terry Crystal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,500
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2006
Sold by
Gmac Mortgage
Bought by
Secretary Of Hud
Source: Public Records

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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
Harner Blake -- None Available
Ozenbaugh James E -- None Available
Turner Cody N -- None Available
Turner Cody N -- None Available
Jacoby Julia A -- --
Jacoby Julia A -- --
Federal National Mortage Assn $36,688 --
Terry Crystal -- --
Secretary Of Hud -- --
Gmac Mortgage Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harner Blake $63,050
Previous Owner Ozenbaugh James E $52,525
Previous Owner Turner Cody N $43,367
Previous Owner Terry Crystal $40,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2020 11/30/20 Sold $65,000 -7.0% $45 / Sq Ft
10/13/2020 10/13/20 For Sale $69,900 +34.4% $49 / Sq Ft
11/17/2017 11/17/17 Sold $52,000 -13.3% $36 / Sq Ft
11/10/2017 11/10/17 Pending -- -- --
06/14/2017 06/14/17 For Sale $60,000 +41.2% $42 / Sq Ft
03/21/2014 03/21/14 Sold $42,500 +6.5% $30 / Sq Ft
02/19/2014 02/19/14 Pending -- -- --
08/06/2013 08/06/13 For Sale $39,900 -- $28 / 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 $624 $80,400 $12,500 $67,900
2023 $536 $77,000 $12,500 $64,500
2022 $534 $72,900 $12,500 $60,400
2021 $474 $67,600 $12,500 $55,100
2020 $438 $63,700 $12,500 $51,200
2019 $358 $61,500 $12,500 $49,000
2018 $356 $61,100 $12,500 $48,600
2017 $363 $57,700 $12,500 $45,200
2016 $280 $57,300 $12,500 $44,800
2014 $254 $60,800 $12,500 $48,300
2013 -- $63,600 $12,500 $51,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202041445

Indiana Regional MLS

APN: 85-14-02-404-081.000-009