NOT LISTED FOR SALE

556 N 12th St New Castle, IN 47362

Estimated Value: $107,590 - $144,000

6 Beds
4 Baths
3,675 Sq Ft
$33/Sq Ft Est. Value

Last Sold February 14, 2023

Last sale price $86,000 $23 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $834/month

205 Days on Market

About This Home

As of February 2023

Attention investors! JUST REDUCED! Quick way to add four new doors to your portfolio at a reasonable price! Large 4-unit close to downtown New Castle. River rock front wall and porch posts. Two units up and two on main level. Sold as-is. One unit currently occupied as of date of this listing. Other units need updating before leasing. Could be a great income producing property once fully leased-up. Room sizes and sf are estimated. One carport and plenty of street parking. Professional property management is available.

Last Agent to Sell the Property

Pamela Brown

PMI Indianapolis License #RB14027637 Listed on: 06/23/2022

Last Buyer's Agent

David Orton

BAFO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,456

Year Built

  • Built in 1924

Lot Details

  • 9,901 Sq Ft Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Block Foundation
  • Aluminum Siding
  • Shingle Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Fire and Smoke Detector

Community Details

  • Woodwards Subdivision

Listing and Financial Details

  • Tenant pays for electricity, insurance
  • The owner pays for ins hazard, taxes, water
  • Tax Lot 17
  • Assessor Parcel Number 331210410123000016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,456

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Sub Type: Fourplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1924
  • Lot Size Acres: 0.23
  • Structure Type: Quadruplex
  • Subdivision Name: Woodwards
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: pam@PMIindy.com
  • Special Features: None

Interior Features

  • Basement Type: Crawl Space
  • Levels: Two
  • Owner Pays: Ins Hazard, Taxes, Water
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Aluminum Siding, Shingle/Shake
  • Fencing: Partial
  • Foundation Details: Block
  • List Price: 100000
  • Road Access: Not Applic

Garage/Parking

  • Unit Parking: Other

Utilities

  • Utilities: Cable Available
  • Laundry Features: Connections Some
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: Not Applicable
  • Additional Parcels: No
  • Current Use: Apt<20
  • Lot Size Sq Ft: 9901
  • Parcel Number: 331210410123000016
  • Zoning: triplex
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Electricity, Insurance

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1456
  • Tax Lot: 17
  • Semi Annual Property Tax Amt: 728
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Feb 13, 2023
Sold by
Rodriguez Eddie
Bought by
Bilal Karim Llc
Seller's Agent
Pamela Brown
PMI Indianapolis
Buyer's Agent
David Orton
BAFO
List Price
$140,000
Sold Price
$86,000
Premium/Discount to List
-$54,000
-38.57%
Views
52
Current Estimated Value
$122,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,898
Avg. Annual Appreciation
14.66%

Purchase Details

Listed on
Jul 30, 2021
Closed on
Dec 17, 2021
Sold by
York Wilma C
Bought by
Rodriguez Eddie
Seller's Agent
Beth Carr
RE/MAX First Integrity
Buyer's Agent
Brian Lunsford
RE/MAX Advanced Realty
Sold Price
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-24.96%
Original Mortgage
$90,000
Interest Rate
2.98%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bilal Karim Llc $86,000 Security Title Services
Rodriguez Eddie $120,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Eddie $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2023 02/14/23 Sold $86,000 0.0% $23 / Sq Ft
01/15/2023 01/15/23 Pending -- -- --
01/13/2023 01/13/23 Off Market $86,000 -- --
12/21/2022 12/21/22 Price Changed $100,000 -13.0% $27 / Sq Ft
10/19/2022 10/19/22 Price Changed $115,000 -7.3% $31 / Sq Ft
09/08/2022 09/08/22 Price Changed $124,000 -4.5% $34 / Sq Ft
07/29/2022 07/29/22 Price Changed $129,900 -3.7% $35 / Sq Ft
07/09/2022 07/09/22 Price Changed $134,900 -3.6% $37 / Sq Ft
06/23/2022 06/23/22 For Sale $140,000 +16.7% $38 / Sq Ft
12/17/2021 12/17/21 Sold $120,000 -7.7% $33 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
08/20/2021 08/20/21 For Sale -- -- --
08/02/2021 08/02/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $130,000 -- $35 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $2,220 $111,000 $18,000 $93,000
2023 $2,150 $107,500 $18,000 $89,500
2022 $1,636 $81,800 $12,000 $69,800
2021 $1,176 $101,500 $12,000 $89,500
2020 $1,255 $101,600 $12,000 $89,600
2019 $1,232 $99,800 $12,000 $87,800
2018 $1,213 $97,700 $12,000 $85,700
2017 $1,191 $96,000 $12,000 $84,000
2016 $1,645 $101,300 $12,600 $88,700
2014 $704 $99,000 $12,600 $86,400
2013 $704 $95,100 $12,600 $82,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21865848

MIBOR Broker Listing Cooperative®

APN: 33-12-10-410-123.000-016