NOT LISTED FOR SALE

553 Short St Nappanee, IN 46550

Estimated Value: $149,000 - $183,876

4 Beds
2 Baths
1,488 Sq Ft
$109/Sq Ft Est. Value

Last Sold February 18, 2019

Last sale price $87,000 $58 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $1,060/month

5 Days on Market

Highlights

  • Eat-In Kitchen
  • Shed
  • Forced Air Heating and Cooling System
  • NorthWood High School Rated A-
  • Luxury Vinyl Tile Flooring
  • Level Lot

About This Home

As of February 2019

Look no further great investment, Ranch style, Side by side Duplex, 2 bedroom, 1 bath, in each side, totally remodeled and ready for you to invest you could live in one side and lease out the other. Good size yard, newer mechanicals. Shed for storage. Wa-nee schools.

Last Agent to Sell the Property

Jill Robinson

eXp Realty, LLC Listed on: 02/07/2019

eXp Realty, LLC

Last Buyer's Agent

Craig Culver

Berkshire Hathaway HomeServices Elkhart

Berkshire Hathaway HomeServices Elkhart

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2007

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 110x108
  • Level Lot

Home Design

  • Duplex
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,488 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Laundry in Kitchen

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Carpet
  • Luxury Vinyl Tile

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
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, heating, lawn maintenance, sewer, trash collection, water
  • The owner pays for tax
  • Assessor Parcel Number 20-14-31-378-022.000-029

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Additional Features

  • 2 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 2007
  • Age: 12
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Southwood second lot 28
  • Parcel Number ID: 20-14-31-378-022.000-029
  • Platted: Yes
  • Amenities: Off Street Parking, Storage, Countertops-Laminate, Deck Open, Eat-In Kitchen, Water Heater Gas
  • Sp Lp Percent: 100.12
  • Year Taxes Payable: 2017
  • Special Features: None

Interior Features

  • Total Sq Ft: 1488
  • Total Finished Sq Ft: 1488
  • Above Grade Finished Sq Ft: 1488
  • Price Per Sq Ft: 58.47
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl Tile
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 1
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 100

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 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
  • Lot Dimensions: 110x108
  • Estimated Lot Sq Ft: 12650
  • Estimated Lot Size Acres: 0.2904
  • Lot Number: 28

Rental Info

  • Owner Pays: Tax
  • Tenant Pays: Electric, Heating, Lawn Maintenance, Sewer, Trash Collection, Water

Tax Info

  • Total Assessed Value: 117100
  • Annual Property Tax: 2361

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2019
Sold by
Boaz Llc
Bought by
Downtown Investments Inc
Current Estimated Value
$162,469

Purchase Details

Listed on
Feb 7, 2019
Closed on
Feb 19, 2019
Sold by
Boaz Llc
Bought by
Downtown Investments Inc
Seller's Agent
Jill Robinson
eXp Realty, LLC
Buyer's Agent
Craig Culver
Berkshire Hathaway HomeServices Elkhart
List Price
$86,900
Sold Price
$87,000
Premium/Discount to List
$100
0.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.89%

Purchase Details

Closed on
Jun 8, 2017
Sold by
Sandy Toney Llc
Bought by
Toney Sandy

Purchase Details

Closed on
Aug 26, 2011
Sold by
Toney Sandra K
Bought by
Sandy Toney Llc

Purchase Details

Closed on
Jan 22, 2002
Sold by
Robinson Steven E
Bought by
Toney Robert G and Toney Sandra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
7.26%
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
Downtown Investments Inc $5,000 None Listed On Document
Downtown Investments Inc $5,000 None Listed On Document
Boaz Llc -- Near North Title Group
Toney Sandy -- None Available
Sandy Toney Llc -- None Available
Toney Robert G -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Toney Robert G $58,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2019 02/18/19 Sold $87,000 +0.1% $58 / Sq Ft
02/12/2019 02/12/19 Pending -- -- --
02/07/2019 02/07/19 For Sale $86,900 -- $58 / 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 $2,375 $130,200 -- $130,200
2022 $2,375 $195,200 $16,700 $178,500
2021 $1,969 $95,000 $0 $95,000
2020 $2,373 $114,200 $0 $114,200
2019 $1,886 $89,700 $21,200 $68,500
2018 $1,891 $89,700 $21,200 $68,500
2017 $2,361 $117,100 $21,200 $95,900
2016 $2,386 $118,300 $21,200 $97,100
2014 $2,420 $120,000 $21,200 $98,800
2013 $2,420 $120,000 $21,200 $98,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201904475

Indiana Regional MLS

APN: 20-14-31-378-022.000-029