NOT LISTED FOR SALE

602 E Palm Dr Syracuse, IN 46567

Estimated Value: $405,000 - $541,000

6 Beds
4 Baths
2,600 Sq Ft
$180/Sq Ft Est. Value

Last Sold July 05, 2019

Last sale price $285,000 $110 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $3,442/month

76 Days on Market

Highlights

  • Open Floorplan
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Backs to Open Ground
  • Tile Flooring
  • Level Lot

About This Home

As of July 2019

Smart investment opportunity with this 2009 built duplex plus bonus storage building for 3 income earning options. Duplex units each have a 1300 sq. ft. floor plan that accommodates a desirable open main living space of a kitchen, dining area & living room. The kitchen is equipped with an abundance of oak cabinetry, laminate countertops, easy-care tiled flooring & a breakfast/laptop bar. All kitchen appliances remain in both units. A master bedroom with private full bath & walk-in closet, plus 2 additional bedrooms, a 2nd full bath plus a laundry room complete the floorplan. Neutral colors throughout with white trim package. Washer/dryer hookups in each unit. Efficient gas furnaces, central air & electric water heaters. Separate entrances. Attached garage designated for each unit. The bonus storage building detached from rental apartments, 60x40, has an RV garage door, a handy service door plus a stair accessed loft. Future half bath area & gas is available for heater. This would be ideal for a small business, car enthusiast, boat and/or RV storage. There is room for a 3rd apartment in storage area w/plenty left over (drawing is available). Additional parking on the driveway & street. 2 existing long term renters, month to month, nonsmoking, no pets, city water & trash included in rent. Fantastic location in close proximity to Oakwood Resort, Syracuse Wawasee Trail, The Frog, Channel Marker restaurants & an easy walk to Lake Wawasee. Rent both units or live in one unit & rent the other to offset your mortgage & build wealth.

Last Listed By

Angie Racolta

Keller Williams Thrive North Listed on: 02/23/2019

Keller Williams Thrive North

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,993

Year Built

  • Built in 2009

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x150
  • Backs to Open Ground
  • Level Lot

Home Design

  • Duplex
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • 3 Bedrooms in Basement
  • Fire and Smoke Detector
  • Laminate Countertops
  • Washer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Syracuse Elementary School
  • Wawasee Middle School
  • Wawasee High School

Utilities

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

Listing and Financial Details

  • Tenant pays for cooling, electric, fuel, heating
  • The owner pays for sewer, water
  • Assessor Parcel Number 43-04-08-200-013.000-026

Community Details

Overview

  • 2 Units
  • Webb Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,993

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 2009
  • Age: 10
  • Style: Two Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: 8-32-257 LOT 2 WEBBS SD
  • Parcel Number ID: 43-04-08-200-013.000-026
  • Platted: Yes
  • Amenities: Off Street Parking, Near Walking Trail, Countertops-Laminate, Detector-Smoke, Garage Door Opener, Open Floor Plan, Water Heater Electric, Washer Hook-Up
  • Grid: 55 - N.E. Kosc. Water
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 3
  • Sp Lp Percent: 92.26
  • Annual Miscellaneous: 600
  • Monthly Gross Income: 1800
  • Year Taxes Payable: 2018
  • Special Features: None

Interior Features

  • Total Sq Ft: 2600
  • Total Finished Sq Ft: 2600
  • Above Grade Finished Sq Ft: 2600
  • Price Per Sq Ft: 109.62
  • Basement Foundation: Slab
  • Flooring: Carpet, Laminate, Tile
  • Number Of Disposals: 2
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 2
  • Outbuilding: Pole/Post Building
  • Outbuilding Sq Ft: 2400

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 6
  • Parking: Paved, Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 300
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Association Restrictions: Yes
  • Pet Restrictions: Yes

Schools

  • School District: Wawasee
  • Elementary School: Syracuse
  • Middle School: Wawasee
  • High School: Wawasee
  • Elementary School: Syracuse

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 100x150
  • Estimated Lot Sq Ft: 15000
  • Estimated Lot Size Acres: 0.344
  • Lot Number: 2

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Sewer, Water
  • Tenant Pays: Cooling, Electric, Fuel, Heating

Multi Family

  • Gross Monthly Rent: 1800
  • Number Of Dishwashers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of 3 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 3993.04

MLS Schools

  • High School: Wawasee
  • Middle School: Wawasee
  • School District: Wawasee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2019
Closed on
Jul 3, 2019
Sold by
Webb Troy W and Webb Deborah K
Bought by
Grapenthien Steven P and Wood Staci M
Seller's Agent
Angie Racolta
Keller Williams Thrive North
List Price
$308,900
Sold Price
$285,000
Premium/Discount to List
-$23,900
-7.74%
Total Days on Market
76
Current Estimated Value
$467,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,730
Avg. Annual Appreciation
8.76%
Original Mortgage
$220,000
Outstanding Balance
$193,076
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$274,654

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
Grapenthien Steven P $285,000 Metropolitan Title Of In Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grapenthien Steven P $220,000
Previous Owner Webb Troy $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2019 07/05/19 Sold $285,000 -7.7% $110 / Sq Ft
05/10/2019 05/10/19 Pending -- -- --
02/23/2019 02/23/19 For Sale $308,900 -- $119 / 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 $9,885 $389,700 $42,400 $347,300
2023 $6,343 $370,700 $39,200 $331,500
2022 $5,750 $325,000 $33,900 $291,100
2021 $5,136 $283,500 $29,200 $254,300
2020 $4,798 $265,700 $25,400 $240,300
2019 $4,421 $227,200 $16,000 $211,200
2018 $4,133 $217,400 $16,000 $201,400
2017 $3,993 $208,100 $16,000 $192,100
2016 $3,642 $210,100 $16,000 $194,100
2014 $3,605 $200,600 $12,000 $188,600
2013 $3,605 $202,500 $12,000 $190,500
Source: Public Records

Agents Affiliated with this Home

  • Angie Racolta

    Seller's Agent in 2019

    Angie Racolta

    Keller Williams Thrive North

    (317) 750-1600

    390 Total Sales

    Angie Racolta
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Map

Source: Indiana Regional MLS

MLS Number: 201906128

Indiana Regional MLS

APN: 43-04-08-200-013.000-026

Indiana Kosciusko County Syracuse 46567

602 E Palm Dr, Syracuse, IN

Homes for Sale in Syracuse, IN

This home is located at 602 E Palm Dr, Syracuse, IN 46567 since 23 February 2019 and is currently estimated at $467,730, approximately $179 per square foot. This property was built in 2009. 602 E Palm Dr is a home located in Kosciusko County with nearby schools including Wawasee High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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