NOT LISTED FOR SALE

557 1/2 Sims St Frankfort, IN 46041

Estimated Value: $82,000 - $125,760

2 Beds
1 Bath
906 Sq Ft
$103/Sq Ft Est. Value

Last Sold January 10, 2025

Last sale price $82,500 $91 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $668/month

8 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Corner Lot
  • 1-Story Property
  • Partially Fenced Property

About This Home

As of January 2025

Welcome to your next home improvement adventure! This charming two-bedroom, one-bathroom residence spans 906 square feet and offers a delightful blend of character and potential. Original wood floors throughout add a touch of classic appeal, just waiting to be restored to their former glory. For those who appreciate a project with promise, this home presents an exciting opportunity to create your dream space. While it needs some attention, don't let that deter you – a bit of renovation will transform this diamond in the rough into a stunning gem. The bones are solid, and the layout is practical, making this an ideal canvas for your vision. One of the property's standout features is its oversized garage, perfect for automotive enthusiasts, workshop dreams, or simply abundant storage space. Step outside to discover a spacious open deck, ideal for summer barbecues or morning coffee. The fully fenced yard provides security and privacy while offering plenty of room for outdoor activities, gardening, or a pet's playground. The interior layout is thoughtfully designed, with comfortable living spaces and plenty of natural light. Both bedrooms offer good proportions, and the bathroom is ready for your personal touch. The home's cozy footprint means less maintenance and more efficient living. Located in a friendly neighborhood, this property is perfect for first-time homeowners, investors, or anyone ready to roll up their sleeves and create something special. With some elbow grease and imagination, you'll transform this house into a remarkable home that reflects your style and personality.

Last Listed By

Raylene Webb

eXp Realty, LLC Brokerage Phone: 260-715-2765 Listed on: 12/13/2024

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,338

Year Built

  • Built in 1950

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 66 x 132
  • Partially Fenced Property
  • Chain Link Fence
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 1-Story Property
  • Wood Flooring
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Partially Finished Basement

  • Block Basement Construction
  • Crawl Space

Location

  • Suburban Location

Schools

  • Suncrest Elementary School
  • Frankfort Middle School
  • Frankfort High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 12-10-11-103-006.000-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,338

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1950
  • Age: 74
  • Style: One Story
  • Total Number of Rooms: 4
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 016-10078-00 PT NW 11-21-1W .152A 726-B-463-A-2
  • Parcel Number ID: 12-10-11-103-006.000-021
  • Platted: Yes
  • Amenities: Deck Open, Main Floor Laundry
  • Location: City/Town/Suburb
  • Sp Lp Percent: 82.5
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1410
  • Total Finished Sq Ft: 906
  • Above Grade Finished Sq Ft: 906
  • Below Grade Sq Ft: 504
  • Price Per Sq Ft: 91.06
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Unfinished
  • Basement Material: Block
  • Flooring: Hardwood Floors
  • Living Great Room: Dimensions: 21x17, On Level: Main
  • Kitchen: Dimensions: 19x11, On Level: Main
  • Bedroom 1: Dimensions: 9x10, On Level: Main
  • Bedroom 2: Dimensions: 12x10, On Level: Main
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 504

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt
  • Outbuilding1: Shed, Dimensions: 9x16
  • Fence: Partial, Chain Link

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 22x24
  • Garage Sq Ft: 528
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: Unknown
  • Water Utilities: Unknown

Schools

  • School District: Community Schools of Frankfort
  • Elementary School: Suncrest
  • Middle School: Frankfort
  • High School: Frankfort
  • Elementary School: Suncrest

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 66 X 132
  • Estimated Lot Sq Ft: 10019
  • Estimated Lot Size Acres: 0.23

Tax Info

  • Annual Taxes: 1338

MLS Schools

  • High School: Frankfort
  • Middle School: Frankfort
  • School District: Community Schools of Frankfort

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2024
Closed on
Jan 10, 2025
Sold by
Ltd Pg Management Llc
Bought by
Navarrete Jorge Luis and Navarrete Rosa
Seller's Agent
Raylene Webb
eXp Realty, LLC
Buyer's Agent
Donald Meeks
F.C. Tucker/Shook
List Price
$99,995
Sold Price
$82,500
Premium/Discount to List
-$17,495
-17.5%
Total Days on Market
8
Views
29
Current Estimated Value
$93,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,190
Avg. Annual Appreciation
48.81%

Purchase Details

Closed on
Sep 26, 2024
Sold by
Stonehill John W
Bought by
Ltd Pg Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
6.35%
Mortgage Type
Construction

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
Navarrete Jorge Luis -- None Listed On Document
Ltd Pg Management Llc $51,300 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ltd Pg Management Llc $43,000
Previous Owner Ltd Pg Management Llc $12,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 Sold $82,500 -17.5% $91 / Sq Ft
12/21/2024 12/21/24 Pending -- -- --
12/13/2024 12/13/24 For Sale $99,995 -- $110 / 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 $1,770 $78,800 $3,500 $75,300
2023 $1,606 $69,300 $3,500 $65,800
2022 $1,353 $58,600 $3,500 $55,100
2021 $1,092 $47,000 $3,500 $43,500
2020 $1,169 $49,100 $3,500 $45,600
2019 $1,171 $49,100 $3,500 $45,600
2018 $1,158 $49,100 $3,500 $45,600
2017 $1,164 $48,800 $3,400 $45,400
2016 $1,149 $47,600 $3,400 $44,200
2014 $936 $46,500 $3,400 $43,100
Source: Public Records

Agents Affiliated with this Home

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Source: Indiana Regional MLS

MLS Number: 202447113

Indiana Regional MLS

APN: 12-10-11-103-006.000-021