NOT LISTED FOR SALE

603 E Franklin St Spencer, IN 47460

Estimated Value: $164,000 - $216,000

4 Beds
2 Baths
2,508 Sq Ft
$78/Sq Ft Est. Value

Last Sold December 25, 2020

Last sale price $145,000 $58 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,292/month

8 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Wood Flooring

About This Home

As of December 2020

This 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

Michelle Papp

RE/MAX Acclaimed Properties License #RB14046401 Listed on: 10/26/2020

RE/MAX Acclaimed Properties

Last Buyer's Agent

Michelle Papp

RE/MAX Acclaimed Properties License #RB14046401 Listed on: 10/26/2020

RE/MAX Acclaimed Properties

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,078

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1949
  • Garage Y N: Yes
  • Green Energy Efficient: HVAC,Water Heater
  • Lot Size Acres: 0.19
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: General
  • Property Description: This 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.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Appliances: Dryer,Refrigerator,Washer
  • Levels: Two
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Interior Amenities: Hardwood Floors
  • Living Area: 2508
  • Other Equipment: Smoke Detector
  • Owner Pays: InsHazard,Insurance,Sewer,Water
  • Room Count: 2
  • Eating Area: None
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1672
  • Main Level Sq Ft: 836
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 2508
  • Below Grade Sq Ft: 836
  • Upper Level Sq Ft: 836
  • Pct Optional Level Finished: 0-25%

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 150000
  • Association Maintained Building Exterior: 0

Garage/Parking

  • Garage Spaces: 2
  • Fuel: Gas
  • Garage Parking Description: Attached

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 601021300400164028
  • Acres: <1/4 Acre
  • Lot Information: Corner
  • Lot Number: 61
  • Lot Size: 8,276

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity,Gas,Insurance,Trash Collection

Tax Info

  • Tax Annual Amount: 2078
  • Semi Annual Property Tax Amt: 1039
  • Tax Exemption: MortageTaxExemption

MLS Schools

  • School District: Spencer-Owen Community
  • Schools: Owen Valley Community High,Spencer Elementary

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%
Current Estimated Value
$205,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,709
Avg. Annual Appreciation
7.63%
Original Mortgage
$116,000
Outstanding Balance
$104,627
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$98,916

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
Source: Public Records

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
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

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 $1,869 $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

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21748890

MIBOR Broker Listing Cooperative®

APN: 60-10-21-300-400.164-028