NOT LISTED FOR SALE

612 E Mitchell St Kendallville, IN 46755

73 Beds
43 Baths
33,231 Sq Ft
1.04 Acres

Last Sold April 15, 2022

Last sale price $985,000 $30 Per Sq Ft

185 Days on Market

Highlights

  • 1.04 Acre Lot
  • Luxury Vinyl Tile Flooring
  • Level Lot
  • Entrance Foyer
  • Hot Water Heating System

About This Home

As of April 2022

Brick multi unit apartment building with great income potential. Located in city limits close to downtown businesses, also near schools and churches. Features off street parking for tenants. Building has extensive security camera system, with cameras located inside and outside. Well maintained fire safety system monitored by Nowak Supply, located in Fort Wayne, IN. Video tour: https://www.dropbox.com/s/1zhxd9ze5yp1yol/Video%20Tour.mp4?dl=0&fbclid=IwAR0H0NHdtiZgKYPLLowJSFt8gZlkJJ6fEtoKCYIt37XGYE1MIl9wQ6v3cfk

Last Agent to Sell the Property

THERESA HANELINE

Tree City Realty Listed on: 08/16/2021

Last Buyer's Agent

THERESA HANELINE

Tree City Realty Listed on: 08/16/2021

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,070

Year Built

  • Built in 1920

Lot Details

  • 1.04 Acre Lot
  • Lot Dimensions are 242' x 258'
  • Level Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 33,231 Sq Ft Home
  • 3-Story Property
  • Entrance Foyer
  • Laminate Countertops

Flooring

  • Carpet
  • Concrete
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 73 Bedrooms

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Outbuilding

Schools

  • South Side Elementary School
  • East Noble Middle School
  • East Noble High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for cable, cooling
  • The owner pays for building insurance, electric, heating, lawn maintenance, maintenance, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 57-07-33-240-121.000-020

Community Details

Overview

  • 61 Units

Building Details

  • Electric Expense $20,436
  • Fuel Expense $12,834
  • Insurance Expense $13,581
  • Maintenance Expense $16,764
  • Trash Expense $4,299
  • Water Sewer Expense $4,248

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,070

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1920
  • Style: Three Story
  • Bedrooms: 73
  • Total Bathrooms: 43
  • Total Full Bathrooms: 33
  • Total Number of Half Bathrooms: 10
  • Legal Description: Clarks Add E1/2 Lt 19 (240-121) Clarks Add W62.83' Lt 23 (240-128) & Vac Alley Clarks Add N2/3 W1/2 Lt 19 (240-120) Clarks Add Lt 20 (240-122) & Vac Alley Clarks Add 7'x112' Strip W Side Lt 21 (240-201)
  • Parcel Number ID: 57-07-33-240-121.000-020
  • Platted: Yes
  • Amenities: Countertops-Laminate, Detector-Smoke, Fire Sprinkler System, Foyer Entry
  • Special Features: None

Interior Features

  • Total Sq Ft: 33231
  • Total Finished Sq Ft: 33231
  • Above Grade Finished Sq Ft: 33231
  • Flooring: Carpet, Concrete, Vinyl Tile
  • Number Of Ranges Ovens: 11

Exterior Features

  • Exterior: Brick
  • Stories: 3
  • Outbuilding: Outbuilding
  • Outbuilding Sq Ft: 475

Utilities

  • Cooling: Window
  • Heating Fuel: Hot Water, Radiator
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 20436
  • Annual Fuel Expense: 12834
  • Annual Insurance Expense: 13581
  • Annual Maintenance Expense: 16764
  • Annual Trash Expense: 4299
  • Annual Water Sewer Expense: 4248

Schools

  • Elementary School: South Side

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 242' X 258'
  • Estimated Lot Sq Ft: 45302
  • Estimated Lot Size Acres: 1.04

Rental Info

  • Lease Term: Week to Week
  • Owner Pays: Building Insurance, Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Trash Collection, Water
  • Tenant Pays: Cable, Cooling

Tax Info

  • Annual Property Tax: 9070

Multi Family

  • Number Of Dryers: 1
  • Number Of Refrigerators: 14
  • Number Of Units: 61
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 23
  • Num Of2 Bedrooms: 8
  • Num Of Efficiencies: 28

MLS Schools

  • High School: East Noble
  • Middle School: East Noble
  • School District: East Noble Schools

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2022 04/15/22 Sold $985,000 -29.6% $30 / Sq Ft
02/17/2022 02/17/22 Pending -- -- --
02/09/2022 02/09/22 For Sale $1,400,000 0.0% $42 / Sq Ft
02/06/2022 02/06/22 Pending -- -- --
02/06/2022 02/06/22 For Sale $1,400,000 +42.1% $42 / Sq Ft
11/21/2021 11/21/21 Off Market $985,000 -- --
08/16/2021 08/16/21 For Sale $1,400,000 -- $42 / 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 $17,952 $825,000 $36,000 $789,000
2023 $17,965 $743,500 $62,200 $681,300
2022 $8,720 $400,700 $46,300 $354,400
2021 $9,077 $412,800 $46,300 $366,500
2020 $9,069 $408,800 $42,300 $366,500
2019 $9,203 $408,800 $42,300 $366,500
2018 $9,998 $474,600 $46,400 $428,200
2017 $9,484 $466,900 $46,400 $420,500
2016 $9,385 $462,600 $46,400 $416,200
2014 $8,551 $423,300 $30,100 $393,200
Source: Public Records

Agents Affiliated with this Home

  • THERESA HANELINE

    Seller's Agent in 2022

    THERESA HANELINE

    Tree City Realty

    (260) 341-4762

    1 in this area

    30 Total Sales

    THERESA HANELINE
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Map

Source: Indiana Regional MLS

MLS Number: 202133856

Indiana Regional MLS
Indiana Noble County Kendallville 46755

612 E Mitchell St, Kendallville, 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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