NOT LISTED FOR SALE

548 E Main St Warsaw, IN 46580

Estimated Value: $162,000 - $223,000

4 Beds
3 Baths
1,910 Sq Ft
$98/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $105,000 $55 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $1,189/month

34 Days on Market

Highlights

  • Corner Lot
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Lincoln Elementary School Rated A-
  • Forced Air Heating and Cooling System
  • 4-minute walk to Richardson-DuBois Park

About This Home

As of July 2019

Here's a great opportunity to develop or grow your investment portfolio. ***OR if you're needing a single family home with a seperate in-law apartment this could be it!*** A 3 bed 2 bathroom home is the mainstay for this duplex that features a brand new central A/C system. The main level includes the living room, dining room, kitchen and a full bath with laundry. Upstairs are three bedrooms along with an additional fully bathroom and an small room that could be used for storage or an office. A full basement provides ample room for storage and mechanicals. The smaller apartment is an all-electric 1 bed and bath unit that has a new metal roof and ceramic floors. Separate gas and electric meters make tenants responsible for all utilities.

Last Agent to Sell the Property

James Bausch

RE/MAX Results Listed on: 05/31/2019

RE/MAX Results

Last Buyer's Agent

The Mark Skibowski Team

Re/Max Lakes

Re/Max Lakes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,575

Year Built

  • Built in 1915

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 90x42
  • Chain Link Fence
  • Corner Lot

Home Design

  • Duplex
  • Asphalt Roof
  • Metal Roof

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in Bathroom
  • Washer Hookup

Location

  • Suburban Location

Schools

  • Lincoln Elementary School
  • Lakeview Middle School
  • Warsaw High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Multiple Heating Units
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable, electric, fuel, heating, lawn maintenance, sewer, trash collection, water
  • The owner pays for building insurance
  • Assessor Parcel Number 43-11-08-200-887.000-032

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

Est. Annual Taxes

$1,575

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1915
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 004-044-106 42 X 63' Pt Lot 7 Hickmans Add
  • Parcel Number ID: 43-11-08-200-887.000-032
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Ceiling-9+, Water Heater Electric, Washer Hook-Up
  • Grid: 10 - Central Kosc.
  • Location: City/Town/Suburb
  • Road Access: City
  • Special Features: None

Interior Features

  • Total Sq Ft: 2620
  • Total Finished Sq Ft: 1910
  • Above Grade Finished Sq Ft: 1910
  • Below Grade Sq Ft: 710
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Carpet, Laminate, Mixed
  • Total Below Grade Sq Ft: 710
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt, Metal
  • Fence: Chain Link
  • Stories: 2

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Forced Air, Multiple Heating Systems
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Water Company: Indiana American Water Co
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • Elementary School: Lincoln

Lot Info

  • Lot Description: Corner, 0-2.9999
  • Lot Dimensions: 90x42
  • Estimated Lot Sq Ft: 3920
  • Estimated Lot Size Acres: 0.09
  • Lot Number: 7

Rental Info

  • Owner Pays: Building Insurance
  • Tenant Pays: Cable, Electric, Fuel, Heating, Lawn Maintenance, Sewer, Trash Collection, Water

Tax Info

  • Exemptions: Mortgage
  • Annual Property Tax: 1575

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1

MLS Schools

  • High School: Warsaw
  • Middle School: Lakeview
  • School District: Warsaw Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2019
Closed on
Jul 12, 2019
Sold by
Salgado Tomas and Salgado Petra Sanchez De
Bought by
Flores Edgar Ivan and Flores Bryan
Seller's Agent
James Bausch
RE/MAX Results
Buyer's Agent
The Mark Skibowski Team
Re/Max Lakes
List Price
$109,000
Sold Price
$105,000
Premium/Discount to List
-$4,000
-3.67%
Current Estimated Value
$177,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,541
Avg. Annual Appreciation
9.21%
Original Mortgage
$78,700
Outstanding Balance
$60,580
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$126,268

Purchase Details

Closed on
Oct 16, 2015
Sold by
Salgado Patricia
Bought by
Salgado Tomas and Salgado Petra Sanchez

Purchase Details

Closed on
Mar 3, 1999
Sold by
Sanchez Jesus R
Bought by
Salgado Francisco and Salgado Patricia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Flores Edgar Ivan $105,000 Fidelity National Title Compan
Salgado Tomas -- Attorney
Salgado Francisco $64,165 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flores Edgar Ivan $78,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2019 07/12/19 Sold $105,000 -3.7% $55 / Sq Ft
07/04/2019 07/04/19 Pending -- -- --
05/31/2019 05/31/19 For Sale $109,000 -- $57 / 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 $3,209 $155,300 $11,600 $143,700
2023 $2,980 $143,100 $11,600 $131,500
2022 $2,677 $128,400 $9,700 $118,700
2021 $2,276 $108,600 $9,700 $98,900
2020 $2,290 $109,200 $7,500 $101,700
2019 $1,726 $82,400 $7,500 $74,900
2018 $1,627 $77,500 $6,800 $70,700
2017 $1,575 $74,800 $6,800 $68,000
2016 $1,513 $71,800 $6,100 $65,700
2014 $1,320 $66,000 $6,100 $59,900
2013 $1,320 $67,100 $6,100 $61,000
Source: Public Records

Agents Affiliated with this Home

  • James Bausch

    Seller's Agent in 2019

    James Bausch

    RE/MAX

    (574) 551-6051

    334 Total Sales

    James Bausch
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Map

Source: Indiana Regional MLS

MLS Number: 201921950

Indiana Regional MLS

APN: 43-11-08-200-887.000-032

Indiana Kosciusko County Warsaw 46580

548 E Main St, Warsaw, IN

Not Listed for Sale

MultiFamily

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