NOT LISTED FOR SALE

607 E Stephenson St Marion, IN 46952

Foster Neighborhood

Estimated Value: $57,000 - $81,627

2 Beds
2 Baths
972 Sq Ft
$72/Sq Ft Est. Value

Last Sold January 06, 2025

Last sale price $60,000 $62 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $459/month

37 Days on Market

Highlights

  • Covered Patio or Porch
  • Laundry in Utility Room
  • Level Lot
  • Bungalow
  • Baseboard Heating
  • Carpet

About This Home

As of January 2025

TWO PROPERTIES! Great Investment/Rental Potential! Main House has 1 Bed, 1 Bath, Applianced Kitchen, & Laundry w/ Washer/Dryer inc. New Metal Roof, New Carpeting, Front Covered Porch, & Shed. Rents for $500 per month. Rear House has 1 Bed, 1 Bath, Living/Kitchen Combo, & 1 Bath. Rents for $340 per month. Metal Roof, Water Heater, & Carpet New in 2023. Great opportunity to add to your portfolio or get started!

Last Agent to Sell the Property

Joe Schroder

RE/MAX Realty One Brokerage Phone: 765-454-7300 Listed on: 11/27/2024

RE/MAX Realty One

Last Buyer's Agent

Joe Schroder

RE/MAX Realty One Brokerage Phone: 765-454-7300 Listed on: 11/27/2024

RE/MAX Realty One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,054

Year Built

  • Built in 1910

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50 x 132
  • Level Lot

Home Design

  • Bungalow
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Allen/Justice Elementary School
  • Mcculloch/Justice Middle School
  • Marion High School

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, electric
  • The owner pays for sewer, tax, water
  • Assessor Parcel Number 27-02-32-203-042.000-033
  • Seller Concessions Not Offered

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,054

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1910
  • Style: One Story
  • Architectural Style: Bungalow
  • Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 14-01-152 LOT 256 G D & CO'S 2ND ADD.
  • Parcel Number ID: 27-02-32-203-042.000-033
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Porch Covered, Water Heater Electric, Washer Hook-Up
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 972
  • Total Finished Sq Ft: 972
  • Above Grade Finished Sq Ft: 972
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 972
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Metal
  • Stories: 1

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 2
  • Parking: Gravel, Off Street, Street

Utilities

  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Water Company: Marion Utilities
  • Cable Company: Spectrum
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • Elementary School: Allen/Justice

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50 X 132
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Sewer, Tax, Water
  • Tenant Pays: Cable, Electric

Tax Info

  • Annual Property Tax: 1054

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 2

MLS Schools

  • High School: Marion
  • Middle School: McCulloch/Justice
  • School District: Marion Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2024
Closed on
Jan 3, 2025
Sold by
Spencer Debra S
Bought by
Thompson Holdings And Investments Llc
Seller's Agent
Joe Schroder
RE/MAX Realty One
Buyer's Agent
Joe Schroder
RE/MAX Realty One
List Price
$64,900
Sold Price
$60,000
Premium/Discount to List
-$4,900
-7.55%
Views
34
Current Estimated Value
$69,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,907
Avg. Annual Appreciation
16.88%

Purchase Details

Closed on
May 28, 2009
Sold by
Ballard Carolyn A
Bought by
Spencer Debbie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Thompson Holdings And Investments Llc -- None Listed On Document
Thompson Holdings And Investments Llc -- None Listed On Document
Spencer Debbie -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2025 01/06/25 Sold $60,000 -7.6% $62 / Sq Ft
01/03/2025 01/03/25 Pending -- -- --
11/27/2024 11/27/24 For Sale $64,900 -- $67 / 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 $1,114 $55,700 $6,100 $49,600
2023 $1,054 $52,700 $6,100 $46,600
2022 $914 $45,700 $5,300 $40,400
2021 $850 $42,500 $5,300 $37,200
2020 $774 $38,700 $5,300 $33,400
2019 $734 $36,700 $5,300 $31,400
2018 $692 $34,600 $4,800 $29,800
2017 $706 $35,300 $4,800 $30,500
2016 $458 $22,900 $4,800 $18,100
2014 $452 $22,600 $4,800 $17,800
2013 $452 $28,400 $4,800 $23,600
Source: Public Records

Agents Affiliated with this Home

  • Joe Schroder

    Seller's Agent in 2025

    Joe Schroder

    RE/MAX

    (765) 661-0327

    14 in this area

    690 Total Sales

    Joe Schroder
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Map

Source: Indiana Regional MLS

MLS Number: 202445636

Indiana Regional MLS

APN: 27-02-32-203-042.000-033

Indiana Grant County Marion 46952 Foster

607 E Stephenson St, Marion, IN

Not Listed for Sale

MultiFamily

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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