NOT LISTED FOR SALE

547 Manchester Ave Wabash, IN 46992

Estimated Value: $122,000 - $156,000

4 Beds
2 Baths
1,926 Sq Ft
$71/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $25,000 $13 Per Sq Ft

Est. 436% increase in value since last sale

Current estimated payment $897/month

9 Days on Market

Highlights

  • Ceiling Fan
  • Level Lot
  • Vinyl Flooring

About This Home

As of July 2020

Investment opportunity to generate rental income. Duplex with 1 unit on Main level & 1 unit on upper level. Parking in front & rear. Small storage shed included.

Last Agent to Sell the Property

Thomas Grizzle

Hoosier Pros LLC Listed on: 06/16/2020

Co-Listed By

Kristi Lundquist

Lundquist Appraisals & Real Estate

Last Buyer's Agent

Robert Lundquist

Lundquist Appraisals & Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40x140
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 1,926 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Vinyl Flooring
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for tax
  • Assessor Parcel Number 85-14-02-404-136.000-009

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1912
  • Age: 108
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: BOARD OF TRADE LOT 277 547 MANCHESTER AVE
  • Parcel Number ID: 85-14-02-404-136.000-009
  • Platted: Yes
  • Amenities: Ceiling Fan
  • Sp Lp Percent: 83.61
  • Monthly Gross Income: 1300
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 1926
  • Total Finished Sq Ft: 1926
  • Above Grade Finished Sq Ft: 1926
  • Price Per Sq Ft: 12.98
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Vinyl

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40x140
  • Estimated Lot Sq Ft: 5663
  • Estimated Lot Size Acres: 0.13

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Tax
  • Tenant Pays: Electric, Heating

Multi Family

  • Gross Monthly Rent: 1300
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2

Tax Info

  • Annual Property Tax: 1370

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2024
Sold by
Foreman David W
Bought by
Bright Michael
Current Estimated Value
$134,021

Purchase Details

Closed on
Jan 12, 2022
Sold by
Schlemmer Philip E
Bought by
Foreman David W

Purchase Details

Listed on
Jun 16, 2020
Closed on
Jul 24, 2020
Sold by
Cosby James E and Estate Of Mary Loui Cosby
Bought by
Schlemmer Philip E and Schllemmer Maynard L
Seller's Agent
Thomas Grizzle
Hoosier Pros LLC
Buyer's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
List Price
$29,900
Sold Price
$25,000
Premium/Discount to List
-$4,900
-16.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.02%
Original Mortgage
$25,000
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 17, 2007
Sold by
Music Gregory D
Bought by
Gibson Cosby Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,920
Interest Rate
8.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 8, 2007
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Music Gregory D

Purchase Details

Closed on
Oct 11, 2005
Sold by
Lake City Bank
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Oct 4, 2005
Sold by
Patton Rechell D and Drudge Rechell D
Bought by
Lake City Bank
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
Bright Michael $100,000 None Listed On Document
Foreman David W -- Downs Tandy & Petruniw Pc
Schlemmer Philip E $25,000 Wabash Valley Abstract, Inc
Gibson Cosby Mary -- --
Music Gregory D -- --
Federal Home Loan Mortgage Corporation -- --
Lake City Bank $55,478 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foreman David W $309,500
Previous Owner Schlemmer Philip E $50,000
Previous Owner Schlemmer Philip E $25,000
Previous Owner Gibson Cosby Mary $27,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2020 07/24/20 Sold $25,000 -16.4% $13 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
06/16/2020 06/16/20 For Sale $29,900 -- $16 / 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 $2,002 $100,100 $6,200 $93,900
2023 $1,889 $94,400 $6,200 $88,200
2022 $1,841 $92,000 $6,200 $85,800
2021 $1,139 $56,900 $6,200 $50,700
2020 $1,413 $70,600 $6,200 $64,400
2019 $1,343 $67,100 $6,200 $60,900
2018 $1,329 $66,400 $6,200 $60,200
2017 $1,313 $64,400 $6,200 $58,200
2016 $1,293 $63,400 $6,200 $57,200
2014 $1,220 $63,900 $6,200 $57,700
2013 $1,253 $62,600 $6,200 $56,400
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Thomas Grizzle

    Hoosier Pros LLC

    (260) 571-0705

    6 Total Sales

    Section Image
  • Kristi Lundquist

    Seller Co-Listing Agent in 2020

    Kristi Lundquist

    Lundquist Appraisals & Real Estate

    (260) 571-4652

    80 Total Sales

    Section Image
  • Robert Lundquist

    Buyer's Agent in 2020

    Robert Lundquist

    Lundquist Appraisals & Real Estate

    (260) 571-4653

    231 Total Sales

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Map

Source: Indiana Regional MLS

MLS Number: 202022943

Indiana Regional MLS

APN: 85-14-02-404-136.000-009

Indiana Wabash County Wabash 46992

547 Manchester Ave, Wabash, IN

This home is located at 547 Manchester Ave, Wabash, IN 46992 since 16 June 2020 and is currently estimated at $136,000, approximately $70 per square foot. This property was built in 1912. 547 Manchester Ave 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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