NOT LISTED FOR SALE

616 Trail Ridge Rd Albion, IN 46701

Estimated Value: $255,765 - $312,000

8 Beds
4 Baths
4,312 Sq Ft
$66/Sq Ft Est. Value

Last Sold January 31, 2020

Last sale price $208,333 $48 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,928/month

6 Days on Market

Highlights

  • 0.66 Acre Lot
  • Cul-De-Sac
  • Laundry closet
  • Covered Patio or Porch
  • 1 Car Attached Garage
  • Landscaped

About This Home

As of January 2020

Amazing investment opportunity with 2 duplex units located on the same parcel of land. These units were built in 2006 and have been well maintained. Each of the 4 units have been continuously rented with long term renters. This is a 55 yrs and older community housing. Each tenant pays their own utilities. 4 other duplex units are available for purchase in the North Ridge subdivision. Make this a package deal for a total of 12 units! There is also an addition 2 vacant lots that are available for purchase and suited for 4 more duplex units.

Last Agent to Sell the Property

Josh Rosenogle

Orizon Real Estate, Inc. Listed on: 10/25/2019

Last Buyer's Agent

Trey Forbes

Weichert Realtors - Hoosier Heartland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,133

Year Built

  • Built in 2006

Lot Details

  • 0.66 Acre Lot
  • Cul-De-Sac
  • Landscaped
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Carpet
  • Fire and Smoke Detector
  • Laundry closet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway

Schools

  • Albion Elementary School
  • Central Noble Middle School
  • Central Noble High School

Additional Features

  • Covered Patio or Porch
  • Suburban Location
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electric, fuel, sewer, water
  • The owner pays for building insurance, lawn maintenance, maintenance, snow removal
  • Assessor Parcel Number 57-13-18-400-023.000-002

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • The Meadows Of North Ridge Village Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,133

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 2006
  • Age: 13
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: The Meadow of Northridge Village Lot 5
  • Parcel Number ID: 57-13-18-400-023.000-002
  • Platted: Yes
  • Amenities: Detector-Smoke, Garage Door Opener, Landscaped, Porch Covered
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Paved
  • Sp Lp Percent: 94.7
  • Monthly Gross Income: 2400
  • Restrictions Yn: Yes
  • Year Taxes Payable: 2018
  • Special Features: None

Interior Features

  • Total Sq Ft: 4312
  • Total Finished Sq Ft: 4312
  • Above Grade Finished Sq Ft: 4312
  • Price Per Sq Ft: 48.31
  • Basement Foundation: Slab
  • Flooring: Carpet
  • Main Level Sq Ft: 4312
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Asphalt
  • Stories: 1

Garage/Parking

  • Driveway: Asphalt
  • Number Of Parking Spaces: 4
  • Parking: Garage, Paved

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Of W D Hookups: 4
  • Number Water Meters: 4

Schools

  • School District: Central Noble Community
  • Elementary School: Albion
  • Middle School: Central Noble
  • High School: Central Noble
  • Elementary School: Albion

Lot Info

  • Lot Description: Cul-De-Sac, Level, 0-2.9999
  • Estimated Lot Sq Ft: 28880
  • Estimated Lot Size Acres: 0.663
  • Lot Number: 5

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal
  • Tenant Pays: Electric, Fuel, Sewer, Water

Multi Family

  • Gross Monthly Rent: 2400
  • Number Of Dishwashers: 4
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of2 Bedrooms: 4
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 4133

MLS Schools

  • High School: Central Noble
  • Middle School: Central Noble
  • School District: Central Noble Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2022
Sold by
Grate Jeffrey L Trustee
Bought by
Trail Ridge Properties Llc
Current Estimated Value
$285,588

Purchase Details

Listed on
Oct 25, 2019
Closed on
Jan 31, 2020
Sold by
Ide Properties Llc
Bought by
Jg23 Llc 401K Trust
Seller's Agent
Josh Rosenogle
Orizon Real Estate, Inc.
Buyer's Agent
Trey Forbes
Weichert Realtors - Hoosier Heartland
List Price
$220,000
Sold Price
$208,333
Premium/Discount to List
-$11,667
-5.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Trail Ridge Properties Llc $850,000 Assurance Title Company Llc
Jg23 Llc 401K Trust -- Assurance Title Svc Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2020 01/31/20 Sold $208,333 -5.3% $48 / Sq Ft
10/31/2019 10/31/19 Pending -- -- --
10/25/2019 10/25/19 For Sale $220,000 -- $51 / 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 $4,964 $248,200 $18,800 $229,400
2023 $4,989 $224,900 $27,700 $197,200
2022 $4,266 $213,300 $27,700 $185,600
2021 $4,378 $218,900 $27,700 $191,200
2020 $4,038 $199,400 $25,000 $174,400
2019 $4,032 $199,100 $22,700 $176,400
2018 $4,032 $199,100 $22,700 $176,400
2017 $4,168 $205,900 $22,700 $183,200
2016 $4,168 $205,900 $22,700 $183,200
2014 $3,502 $175,100 $22,700 $152,400
Source: Public Records

Agents Affiliated with this Home

  • Josh Rosenogle

    Seller's Agent in 2020

    Josh Rosenogle

    Orizon Real Estate, Inc.

    (260) 625-3765

    14 in this area

    132 Total Sales

    Josh Rosenogle
    Section Image
  • Trey Forbes

    Buyer's Agent in 2020

    Trey Forbes

    Weichert Realtors - Hoosier Heartland

    (260) 318-0929

    22 in this area

    201 Total Sales

    Trey Forbes
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201947221

Indiana Regional MLS

APN: 571318400023000002

Indiana Noble County Albion 46701

616 Trail Ridge Rd, Albion, IN

This home is located at 616 Trail Ridge Rd, Albion, IN 46701 since 25 October 2019 and is currently estimated at $285,588, approximately $66 per square foot. This property was built in 2006. 616 Trail Ridge Rd is a home located in Noble County with nearby schools including Central Noble Jr. - Sr. High School.

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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