559 Catterlin St Frankfort, IN 46041
4
Beds
4
Baths
3,088
Sq Ft
10,019
Sq Ft Lot
Highlights
- Georgian Architecture
- Forced Air Heating and Cooling System
- Level Lot
- Entrance Foyer
About This Home
As of May 2025Whether you are a seasoned investor, or just starting out, this 4-plex is ready for you. This home features 4-1 bedroom/1bath efficiency apartments that have been completely remodeled from head to toe. Imagine starting your investment journey with a multi-family property that needs the minimum in savings for those dreaded capital expenditures. Starting from the top; New roof, soffits, gutters and windows. Each apartment has been drywalled and painted. They have been made to withstand wear and tear with water proof flooring. Each bathroom has new vanities, toilets and shower surrounds. Each kitchen has new cabinets, countertops and appliances. Underneath you will find new electrical and plumbing. New HVAC systems and water heaters. Each tenant will have access to your private laundry room located at the back of the home. Included are two sets of coin-operated washer and dryers. Each apartment is metered separately as well! There is plenty of off street parking and a large shed that could be rented out for storage. 3 units remain empty as this property was just finished. Unit 2 is currently leased. This property is a must see!
Last Agent to Sell the Property
Trueblood Real Estate Brokerage Phone: 765-250-0050 Listed on: 03/03/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,453
Year Built
- Built in 1900
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 56x186
- Level Lot
Parking
- Gravel Driveway
Home Design
- Georgian Architecture
- Brick Foundation
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Entrance Foyer
- Washer and Electric Dryer Hookup
- Partially Finished Basement
Kitchen
- Electric Oven or Range
- Laminate Countertops
Bedrooms and Bathrooms
- 4 Bedrooms
Location
- Suburban Location
Schools
- Suncrest Elementary School
- Frankfort Middle School
- Frankfort High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 12-10-11-104-008.000-021
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 3, 2025
Closed on
May 8, 2025
Sold by
Dave Crandall Llc
Bought by
M & R Boester Properties Llc
Seller's Agent
John Townsend
Trueblood Real Estate
Buyer's Agent
Tyler Secrist
CENTURY 21 Bradley Realty, Inc
List Price
$399,900
Sold Price
$394,000
Premium/Discount to List
-$5,900
-1.48%
Views
35
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-25.23%
Original Mortgage
$296,000
Outstanding Balance
$287,633
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$83,034
Purchase Details
Closed on
Feb 2, 2024
Sold by
Tom Lawler Real Estate Llc
Bought by
Dave Crandall Llc
Similar Homes in Frankfort, IN
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $45,000 | Meridian Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $296,000 | New Conventional | |
| Previous Owner | $275,200 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | Sold | $394,000 | -1.5% | $128 / Sq Ft |
| 04/11/2025 04/11/25 | Pending | -- | -- | -- |
| 03/03/2025 03/03/25 | For Sale | $399,900 | -- | $130 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $2,723 | $121,600 | $11,100 | $110,500 |
| 2023 | $2,453 | $105,600 | $11,100 | $94,500 |
| 2022 | $2,022 | $87,300 | $11,100 | $76,200 |
| 2021 | $1,582 | $67,600 | $11,100 | $56,500 |
| 2020 | $1,616 | $67,600 | $11,100 | $56,500 |
| 2019 | $1,618 | $67,600 | $11,100 | $56,500 |
| 2018 | $1,598 | $67,500 | $11,100 | $56,400 |
| 2017 | $1,602 | $66,900 | $10,800 | $56,100 |
| 2016 | $1,558 | $64,500 | $10,800 | $53,700 |
| 2014 | $1,304 | $64,100 | $10,800 | $53,300 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2025
John Townsend
Trueblood Real Estate
-
T
Buyer's Agent in 2025
Tyler Secrist
CENTURY 21 Bradley Realty, Inc
Map
Source: Indiana Regional MLS
MLS Number: 202506621
APN: 12-10-11-104-008.000-021
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