NOT LISTED FOR SALE

552 Short St Nappanee, IN 46550

Estimated Value: $187,000 - $260,006

4 Beds
2 Baths
1,488 Sq Ft
$155/Sq Ft Est. Value

Last Sold October 26, 2015

Last sale price $90,000 $60 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $1,580/month

371 Days on Market

Highlights

  • Fenced Yard
  • Eat-In Kitchen
  • Shed
  • NorthWood High School Rated A-
  • Laundry closet
  • Forced Air Heating and Cooling System

About This Home

As of October 2015

New in 2008! Wonderful owner or investor opportunity. Duplex offers 2--2 bedroom units with all kitchen appliances & stack-able washer/dryer for each unit! Larger eat-in kitchen with that over looks backyard. 2 nice size bedrooms & full bath in each unit. Both units are identical to each other! Take a look today!

Last Agent to Sell the Property

Mary Dale

Coldwell Banker Real Estate Group Listed on: 09/24/2014

Coldwell Banker Real Estate Group

Last Buyer's Agent

Cesar Alvarado

COLLINS and CO. REALTORS - BREMEN

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,232

Year Built

  • Built in 2008

Lot Details

  • 10,119 Sq Ft Lot
  • Lot Dimensions are 110x92
  • Fenced Yard
  • Level Lot

Home Design

  • Duplex
  • Asphalt Roof
  • Masonry Siding
  • Masonry
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Crawl Space
  • Fire and Smoke Detector
  • Laundry closet

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Shed

Schools

  • Nappanee Elementary School
  • Northwood Middle School
  • Northwood High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for deposit value, electric, heating, lawn maintenance, snow removal, sewer, trash collection, water
  • The owner pays for tax
  • Assessor Parcel Number 20-14-31-378-015.000-029

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,232

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 2008
  • Age: 7
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: SOUTHWOOD SECOND LOT 22 |
  • Parcel Number ID: 20-14-31-378-015.000-029
  • Platted: Yes
  • Amenities: Ceiling Fan, Fenced Yard, Off Street Parking, Countertops-Laminate, Deck Open, Detector-Smoke, Eat-In Kitchen, Water Heater Electric
  • Inside City Limits: Yes
  • Road Access: City
  • Road Surface: Paved
  • Sp Lp Percent: 90.09
  • Monthly Gross Income: 1100
  • Year Taxes Payable: $2232 14 pay 15
  • Special Features: None

Interior Features

  • Total Sq Ft: 1488
  • Total Finished Sq Ft: 1488
  • Above Grade Finished Sq Ft: 1488
  • Price Per Sq Ft: 60.48
  • Basement Foundation: Crawl
  • Flooring: Carpet, Laminate
  • Main Level Sq Ft: 1488
  • Number Of Disposals: 2
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Masonry, Vinyl
  • Roof Material: Asphalt
  • Fence: Privacy
  • Stories: 1
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 120

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1000
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

  • School District: Wa-Nee Community Schools
  • Elementary School: Nappanee
  • Middle School: Northwood
  • High School: NorthWood
  • Elementary School: Nappanee

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 110x92
  • Estimated Lot Sq Ft: 10119
  • Estimated Lot Size Acres: 0.2323

Rental Info

  • Lease Term: 1 Year, Negotiable
  • Owner Pays: Tax
  • Tenant Pays: Deposit Value, Electric, Heating, Lawn Maintenance, Snow Removal, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1100
  • Number Of Dishwashers: 2
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 2232

MLS Schools

  • High School: NorthWood
  • Middle School: Northwood
  • School District: Wa-Nee Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2014
Closed on
Oct 21, 2015
Sold by
Yoder Lesa
Bought by
Garcia Eleno and Garcia Maria M
Seller's Agent
Mary Dale
Coldwell Banker Real Estate Group
Buyer's Agent
Cesar Alvarado
COLLINS and CO. REALTORS - BREMEN
List Price
$109,900
Sold Price
$90,000
Premium/Discount to List
-$19,900
-18.11%
Current Estimated Value
$230,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,252
Avg. Annual Appreciation
9.27%

Purchase Details

Closed on
Apr 2, 2008
Sold by
Newcomer Land Management Llc
Bought by
Yoder Lesa

Purchase Details

Closed on
Jun 29, 2006
Sold by
Newcomer Tracy and Newcomer Delores
Bought by
Newcomer Land Management Llc

Purchase Details

Closed on
Aug 11, 2003
Sold by
Tompos David R and Tompos Margaret E
Bought by
Newcomer Tracy and Newcomer Delores
Source: Public Records

Range of Values:

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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
Garcia Eleno -- Metropolitan Title
Yoder Lesa -- Heritage Parke Title Llc
Newcomer Land Management Llc -- None Available
Newcomer Tracy -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2015 10/26/15 Sold $90,000 -18.1% $60 / Sq Ft
09/30/2015 09/30/15 Pending -- -- --
09/24/2014 09/24/14 For Sale $109,900 -- $74 / 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 $4,307 $221,500 $18,900 $202,600
2022 $4,307 $197,100 $18,900 $178,200
2021 $3,369 $160,900 $18,900 $142,000
2020 $1,891 $89,800 $15,400 $74,400
2019 $1,893 $89,800 $15,400 $74,400
2018 $1,899 $89,800 $15,400 $74,400
2017 $2,259 $111,700 $15,400 $96,300
2016 $2,287 $113,000 $15,400 $97,600
2014 $2,232 $110,300 $15,400 $94,900
2013 $2,232 $110,300 $15,400 $94,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201442412

Indiana Regional MLS

APN: 20-14-31-378-015.000-029