603 E Franklin St Spencer, IN 47460
Estimated Value: $137,000 - $238,000
4
Beds
2
Baths
2,508
Sq Ft
$77/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- 2 Car Attached Garage
- Forced Air Heating and Cooling System
- Wood Flooring
About This Home
As of December 2020This home is currently a duplex, but can also be easily returned to a single family home. This property offers a remarkable opportunity to live in one unit while paying the mortgage with the income from the second unit. The main level is leased through October 2021. The upstairs unit is not currently leased. Spacious, with beautiful hardwood throughout the entire property. Each unit has two generous bedrooms, a family room, a kitchen and a full bath. The main level unit also has a full basement. There is an attached two car garage, shared by each unit. This unique property is located near downtown Spencer and is a rare find. The upstairs unit is easy to show- contact the listing agent for access to the main level unit.
Last Agent to Sell the Property
RE/MAX Acclaimed Properties License #RB14046401 Listed on: 10/26/2020
Last Buyer's Agent
RE/MAX Acclaimed Properties License #RB14046401 Listed on: 10/26/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,078
Year Built
- Built in 1949
Lot Details
- 8,276 Sq Ft Lot
Parking
- 2 Car Attached Garage
Home Design
- Traditional Architecture
- Block Foundation
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Wood Flooring
- Fire and Smoke Detector
- Unfinished Basement
Bedrooms and Bathrooms
- 4 Bedrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity gas insurance trash collection
- The owner pays for inshazard insurance sewer water
- Assessor Parcel Number 601021300400164028
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2020
Closed on
Dec 4, 2020
Sold by
Ranard Tamra S
Bought by
Surber Kegan and Mcmurtry Magen J
Seller's Agent
Michelle Papp
RE/MAX Acclaimed Properties
Buyer's Agent
Michelle Papp
RE/MAX Acclaimed Properties
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%
Total Days on Market
8
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
$48,814
Avg. Annual Appreciation
6.74%
Original Mortgage
$116,000
Outstanding Balance
$104,627
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$89,187
Purchase Details
Listed on
Oct 26, 2020
Closed on
Sep 30, 2020
Sold by
Nomocho Llc
Bought by
Ranard Tamra S
Seller's Agent
Michelle Papp
RE/MAX Acclaimed Properties
Buyer's Agent
Michelle Papp
RE/MAX Acclaimed Properties
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Purchase Details
Listed on
Jun 19, 2014
Closed on
Oct 14, 2014
Sold by
Morrison Tamara J
Bought by
Nomocho Llc
Seller's Agent
Samantha Carver
HOME TEAM Properties
Buyer's Agent
Samantha Carver
HOME TEAM Properties
List Price
$112,000
Sold Price
$100,000
Premium/Discount to List
-$12,000
-10.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.25%
Purchase Details
Closed on
Jun 2, 2009
Sold by
Terrell Tamara J and Morrison Tamara J
Bought by
Morrison Tamara J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,450
Interest Rate
4.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 23, 2006
Sold by
Richardson Barton E and Richardson Dixie Kline
Bought by
Terrell Tamara J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,905
Interest Rate
6.72%
Mortgage Type
New Conventional
Similar Homes in Spencer, IN
Create a Home Valuation Report for This Property
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Surber Kegan | -- | None Available | |
| Ranard Tamra S | -- | None Available | |
| Nomocho Llc | -- | None Available | |
| Morrison Tamara J | -- | None Available | |
| Terrell Tamara J | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Surber Kegan | $116,000 | |
| Previous Owner | Morrison Tamara J | $81,600 | |
| Previous Owner | Morrison Tamara J | $82,450 | |
| Previous Owner | Terrell Tamara J | $83,905 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/25/2020 12/25/20 | Sold | $145,000 | -3.3% | $58 / Sq Ft |
| 11/04/2020 11/04/20 | Pending | -- | -- | -- |
| 10/26/2020 10/26/20 | For Sale | $150,000 | +50.0% | $60 / Sq Ft |
| 10/14/2014 10/14/14 | Sold | $100,000 | -10.7% | $120 / Sq Ft |
| 08/27/2014 08/27/14 | Pending | -- | -- | -- |
| 06/19/2014 06/19/14 | For Sale | $112,000 | -- | $134 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
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 | $1,869 | $146,600 | $13,800 | $132,800 |
| 2023 | $1,722 | $134,300 | $13,800 | $120,500 |
| 2022 | $1,311 | $104,700 | $14,100 | $90,600 |
| 2021 | $1,550 | $116,800 | $14,100 | $102,700 |
| 2020 | $1,413 | $113,300 | $14,100 | $99,200 |
| 2019 | $2,079 | $103,900 | $14,100 | $89,800 |
| 2018 | $1,969 | $98,400 | $14,100 | $84,300 |
| 2017 | $1,841 | $92,000 | $15,200 | $76,800 |
| 2016 | $1,841 | $92,000 | $15,200 | $76,800 |
| 2014 | $1,547 | $77,300 | $15,200 | $62,100 |
| 2013 | -- | $76,600 | $15,200 | $61,400 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Papp
Seller's Agent in 2020
Michelle Papp
RE/MAX Acclaimed Properties
(812) 322-1505
95 Total Sales
-
Samantha Carver
Seller's Agent in 2014
Samantha Carver
HOME TEAM Properties
(812) 821-6051
217 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: MBR21748890
APN: 60-10-21-300-400.164-028
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