Seller's Agent in 2019
Angie Racolta
Keller Williams Thrive North
(317) 750-1600
70 in this area
427 Total Sales
602 E Palm Dr Syracuse, IN 46567
Estimated Value: $349,000 - $707,000
6
Beds
4
Baths
2,600
Sq Ft
$193/Sq Ft
Est. Value
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 2019Smart 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.
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-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
Schools
- Syracuse Elementary School
- Wawasee Middle School
- Wawasee High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Electric Water Heater
Additional Features
- Outbuilding
- Suburban Location
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
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%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,092
Avg. Annual Appreciation
9.45%
Original Mortgage
$220,000
Outstanding Balance
$190,915
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$311,177
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Home Values in the Area
Average Home Value in this Area
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 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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
Map
Source: Indiana Regional MLS
MLS Number: 201906128
APN: 43-04-08-200-013.000-026
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