NOT LISTED FOR SALE

603 S Main St Kokomo, IN 46901

Estimated Value: $151,000 - $192,485

4 Beds
3 Baths
2,714 Sq Ft
$64/Sq Ft Est. Value

Last Sold July 20, 2023

Last sale price $142,000 $52 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,210/month

7 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • Carpet
  • Laundry Facilities

About This Home

As of July 2023

Welcome to this fully rented triplex, located in a prime location near downtown amenities. One unit is a 2 bed 1 bath, the other 2 are 1 bed 1 bath and have access to a shared laundry space for added convenience. Tenants enjoy the convenience of being just a short walk away from downtown shops, restaurants, and public transportation.

Last Agent to Sell the Property

Holly Stone

The Hardie Group Listed on: 04/28/2023

Last Buyer's Agent

Caleb Stead

C&C Home Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,040

Year Built

  • Built in 1885

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 57 x 127
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Location

  • Suburban Location

Schools

  • Elwood Haynes Elementary School
  • Maple Crest Middle School
  • Kokomo High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for fuel, lawn maintenance, maintenance, sewer, tax, water
  • Assessor Parcel Number 34-03-36-426-024.000-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,040

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1885
  • Age: 138
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: H H STEWART ET AL ADDN LOT 2 & 3 9' N SD LOT 2 & 3
  • Parcel Number ID: 34-03-36-426-024.000-002
  • Platted: Yes
  • Amenities: Basement
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1785
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 4407
  • Total Finished Sq Ft: 2714
  • Above Grade Finished Sq Ft: 2714
  • Below Grade Sq Ft: 1693
  • Price Per Sq Ft: 52.32
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 1693
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Parking: Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: NIPSCO
  • Water Company: Indiana American Water Co
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Common Amenities: Laundry Facilities

Schools

  • School District: Kokomo-Center Township Cons. S.D.
  • Elementary School: Elwood Haynes
  • Middle School: Maple Crest
  • High School: Kokomo
  • Elementary School: Elwood Haynes

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 57 x 127
  • Estimated Lot Sq Ft: 6970
  • Estimated Lot Size Acres: 0.16

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Fuel, Lawn Maintenance, Maintenance, Sewer, Tax, Water
  • Tenant Pays: Cable

Multi Family

  • Gross Monthly Rent: 1785
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 2040

MLS Schools

  • High School: Kokomo
  • Middle School: Maple Crest
  • School District: Kokomo-Center Township Cons. S.D.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2023
Closed on
Jul 20, 2023
Sold by
Shepard Stephen and Ho Cyndy
Bought by
City Streets Properties Llc
Seller's Agent
Holly Stone
The Hardie Group
Buyer's Agent
Caleb Stead
C&C Home Realty
List Price
$142,000
Sold Price
$142,000
Views
16
Current Estimated Value
$174,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,621
Avg. Annual Appreciation
11.25%
Original Mortgage
$106,500
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2021
Sold by
Charles Ii Kleckner J
Bought by
Shepard Stephen and Ho Cyndy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2021
Sold by
Neuer Anfang Llc
Bought by
Charles Kleckner J

Purchase Details

Closed on
Oct 6, 2016
Sold by
Palagi Jason
Bought by
Neuer Anfang Llc

Purchase Details

Listed on
Dec 26, 2013
Closed on
Dec 23, 2013
Sold by
Tsp Llc
Bought by
Palagi Jason
Seller's Agent
Chris Mullinax
CRM Properties, Inc
Buyer's Agent
Chris Mullinax
CRM Properties, Inc
List Price
$24,900
Sold Price
$19,900
Premium/Discount to List
-$5,000
-20.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.79%

Purchase Details

Closed on
Jul 26, 2012
Sold by
Mark Lovelis
Bought by
Tsp Llc

Purchase Details

Closed on
Mar 23, 2010
Sold by
Prestige Real Estate Nationwide
Bought by
Mark Lovelis

Purchase Details

Closed on
Mar 11, 2010
Sold by
Plymouth Park Tax Service
Bought by
Prestige Real Estate Nationwide Llc
Source: Public Records

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Range of Values:

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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
City Streets Properties Llc $142,000 None Listed On Document
Shepard Stephen $132,000 Jaquinde William
Charles Kleckner J -- Grzegorski Eric D
Neuer Anfang Llc $65,000 Moore Title & Escrow Inc
Palagi Jason $19,900 Metropolitan Title
Tsp Llc $11,000 Metropolitan Title
Mark Lovelis $9,000 Indiana Luxury Homes, Inc
Prestige Real Estate Nationwide Llc $4,800 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open City Streets Properties Llc $300,000
Closed City Streets Properties Llc $106,500
Previous Owner Shepard Stephen $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2023 07/20/23 Sold $142,000 0.0% $52 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $142,000 +613.6% $52 / Sq Ft
12/27/2013 12/27/13 Sold $19,900 -20.1% $4 / Sq Ft
12/26/2013 12/26/13 For Sale $24,900 -- $5 / 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 $2,888 $150,000 $14,500 $135,500
2022 $2,040 $102,000 $12,300 $89,700
2021 $1,496 $74,800 $12,300 $62,500
2020 $1,334 $66,700 $12,300 $54,400
2019 $1,188 $59,400 $10,900 $48,500
2018 $1,142 $57,100 $10,900 $46,200
2017 $1,234 $61,700 $10,900 $50,800
2016 $864 $43,200 $10,900 $32,300
2014 $1,114 $55,700 $11,500 $44,200
2013 $1,096 $54,800 $11,500 $43,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202313561

Indiana Regional MLS

APN: 34-03-36-426-024.000-002