NOT LISTED FOR SALE

537 N Spring St Wabash, IN 46992

Estimated Value: $98,000 - $172,000

5 Beds
4 Baths
2,668 Sq Ft
$53/Sq Ft Est. Value

Last Sold December 02, 2021

Last sale price $110,000 $41 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $902/month

7 Days on Market

Highlights

  • Forced Air Heating System
  • Baseboard Heating
  • Carpet
  • Ceiling Fan
  • Level Lot

About This Home

As of December 2021

This property has 2 rental properties. There is a 2 bedroom ranch style home that has some new flooring, new kitchen counter tops, new overhead lighting, thermostatically controlled electric fireplace. Th renter pays the electric on theis tottally electric unit. The second property has 3 units. Apartment 1 is a 2 bedroom with new flooring, fresh paint, built in china cabinet. Apartment 2 is a studio apartment with fresh paint and new flooring. Apartment 3 is a 1 bedroom with fresh paint. The 3 unit building the landlord pays the utilities. All the ranges and refrigerators remain with the apartment. Monthly utilities cost is $177/mo on the 3 unit building and renter pays electricity on the 2 bedroom ranch home.

Last Agent to Sell the Property

Lynn Yohe

Siders Premiere Properties, LLC Listed on: 11/11/2021

Last Buyer's Agent

Tami Gibson

Hoosier Pros LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,376

Year Built

  • Built in 1900

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 60x211
  • Level Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for electric, heating, sewer
  • Assessor Parcel Number 85-14-11-203-149.000-009

Community Details

Overview

  • 2 Buildings
  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $10
  • Fuel Expense $10
  • Insurance Expense $1,635
  • Trash Expense $24
  • Water Sewer Expense $10

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,376

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1900
  • Age: 121
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: H Caldwells Lot 1
  • Parcel Number ID: 85-14-11-203-149.000-009
  • Platted: Yes
  • Amenities: Off Street Parking
  • Sp Lp Percent: 84.62
  • Monthly Gross Income: 2700
  • Special Features: None

Interior Features

  • Total Sq Ft: 4002
  • Total Finished Sq Ft: 2668
  • Above Grade Finished Sq Ft: 2668
  • Below Grade Sq Ft: 1334
  • Price Per Sq Ft: 41.23
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 1334
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Heating Fuel: Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Hvac: Ceiling Fan
  • Annual Electric: 10
  • Annual Fuel Expense: 10
  • Annual Insurance Expense: 1635
  • Annual Trash Expense: 24
  • Annual Water Sewer Expense: 10
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 60x211
  • Estimated Lot Sq Ft: 12632
  • Estimated Lot Size Acres: 0.29

Rental Info

  • Owner Pays: Electric, Heating, Sewer
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 2700
  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 2
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1376

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2021
Closed on
Dec 2, 2021
Sold by
L & R Rental Properties Llc
Bought by
Bottone Simone S
Seller's Agent
Lynn Yohe
Siders Premiere Properties, LLC
Buyer's Agent
Tami Gibson
Hoosier Pros LLC
List Price
$130,000
Sold Price
$110,000
Premium/Discount to List
-$20,000
-15.38%
Current Estimated Value
$140,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,304
Avg. Annual Appreciation
6.29%

Purchase Details

Closed on
Oct 27, 2020
Sold by
France Amelia Shepherd and Blatz Amelia A
Bought by
L & R Rental 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
$37,500
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Bottone Simone S $110,000 Fisher & Ireland
L & R Rental Properties Llc $50,000 Wabash Valley Abstract, Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner L & R Rental Properties Llc $37,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2021 12/02/21 Sold $110,000 -15.4% $41 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
11/11/2021 11/11/21 For Sale $130,000 -- $49 / 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 $1,898 $94,900 $10,400 $84,500
2023 $1,858 $92,900 $10,400 $82,500
2022 $1,950 $97,500 $10,400 $87,100
2021 $1,004 $50,200 $10,400 $39,800
2020 $1,352 $67,600 $10,400 $57,200
2019 $1,366 $68,300 $10,400 $57,900
2018 $1,362 $68,100 $10,400 $57,700
2017 $1,358 $66,700 $10,400 $56,300
2016 $1,346 $66,100 $10,400 $55,700
2014 $1,257 $65,900 $10,400 $55,500
2013 $1,654 $82,700 $10,400 $72,300
Source: Public Records

Agents Affiliated with this Home

  • Lynn Yohe

    Seller's Agent in 2021

    Lynn Yohe

    Siders Premiere Properties, LLC

    (260) 563-2812

    27 Total Sales

    Lynn Yohe
    Section Image
  • Tami Gibson

    Buyer's Agent in 2021

    Tami Gibson

    Hoosier Pros LLC

    (312) 343-9177

    42 Total Sales

    Tami Gibson
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202147415

Indiana Regional MLS

APN: 85-14-11-203-149.000-009

Indiana Wabash County Wabash 46992

537 N Spring St, Wabash, IN

This home is located at 537 N Spring St, Wabash, IN 46992 since 11 November 2021 and is currently estimated at $140,304, approximately $52 per square foot. This property was built in 1900. 537 N Spring St is a home located in Wabash County with nearby schools including O.J. Neighbours Elementary School, W C Mills Elementary School, and Wabash Middle 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.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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