NOT LISTED FOR SALE

617 W 5th St Marion, IN 46953

Garfield Neighborhood

Estimated Value: $84,000 - $96,000

4 Beds
2 Baths
1,740 Sq Ft
$53/Sq Ft Est. Value

Last Sold August 24, 2023

Last sale price $74,900 $43 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $619/month

61 Days on Market

Highlights

  • Detached Second Garage
  • Covered Patio or Porch
  • Forced Air Heating System
  • Traditional Architecture
  • 2 Car Detached Garage
  • Ceiling Fan

About This Home

As of August 2023

This duplex has 2 bedrooms in the 2nd level unit and 2 bedrooms in the main level unit. Main level has laundry hook up. Per previous MLS sheet, newer roof, furnace & guttering. There is only 1 meter each for gas, electric and water. Both units are occupied. Main level pays $900/monthly and 2nd level pays $850/monthly including utilities. Both units are government subsidized. 2 car garage is not used by tenants.

Last Agent to Sell the Property

Linda Kitts

Kitts Realty Listed on: 03/01/2023

Last Buyer's Agent

Linda Kitts

Kitts Realty Listed on: 03/01/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,154

Year Built

  • Built in 1910

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 39 x 132
  • Sloped Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Ceiling Fan
  • Partially Finished Basement
  • Block Basement Construction
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Detached Second Garage
  • Public Parking
  • Driveway
  • On-Street Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Community Well
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, snow removal
  • The owner pays for building insurance, electric, heating, sewer, tax, water
  • Assessor Parcel Number 27-07-06-301-142.000-002

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $1,300
  • Insurance Expense $400
  • Maintenance Expense $300
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,154

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1910
  • Age: 113
  • Style: One and Half Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 16-07-1743 39'E/SD LOT 131 WHITES 9TH ADD
  • Parcel Number ID: 27-07-06-301-142.000-002
  • Platted: Yes
  • Amenities: Basement, Countertops-Laminate, Porch Covered, Water Heater Gas
  • Location: City/Town/Suburb
  • Road Surface: Asphalt
  • Sp Lp Percent: 93.74
  • Monthly Gross Income: 1750
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 2790
  • Total Finished Sq Ft: 1740
  • Above Grade Finished Sq Ft: 1740
  • Below Grade Sq Ft: 1050
  • Price Per Sq Ft: 43.05
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 1050
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum, Wood
  • Roof Material: Asphalt
  • Stories: 1.5
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 484

Garage/Parking

  • Parking: Public, Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Water Company: Marion Utilities
  • Hvac: Ceiling Fan
  • Well Type: Community
  • Annual Electric: 1200
  • Annual Fuel Expense: 1300
  • Annual Insurance Expense: 400
  • Annual Maintenance Expense: 300
  • Annual Water Sewer Expense: 1200
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Slope
  • Lot Dimensions: 39 x 132
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Electric, Heating, Sewer, Tax, Water
  • Tenant Pays: Cable, Snow Removal

Multi Family

  • Gross Monthly Rent: 1750
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1154

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
Mar 1, 2023
Closed on
Aug 24, 2023
Sold by
Belvedere Yacht Llc
Bought by
Potter Enterprises Llc
Seller's Agent
Linda Kitts
Kitts Realty
Buyer's Agent
Linda Kitts
Kitts Realty
List Price
$69,900
Sold Price
$74,900
Premium/Discount to List
$5,000
7.15%
Views
237
Current Estimated Value
$91,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,911
Avg. Annual Appreciation
10.55%
Original Mortgage
$56,175
Outstanding Balance
$55,037
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$36,774

Purchase Details

Closed on
Apr 9, 2021
Sold by
Unknown
Bought by
Belvedere Yacht Llc

Purchase Details

Closed on
Nov 27, 2012
Sold by
Hawkins David and Hawkins Janet
Bought by
Hawkins David and Hawkins Janet

Purchase Details

Listed on
May 30, 2012
Closed on
May 31, 2012
Sold by
Mcdaniel Zachary
Bought by
Hawkins David and Hawkins Janet
Seller's Agent
Suzie Mack
F.C. Tucker Realty Center
Buyer's Agent
Suzie Mack
F.C. Tucker Realty Center
List Price
$48,500
Sold Price
$51,000
Premium/Discount to List
$2,500
5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%
Original Mortgage
$40,800
Interest Rate
3.87%
Mortgage Type
New Conventional
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
Potter Enterprises Llc $74,900 None Listed On Document
Belvedere Yacht Llc $18,001 None Available
Hawkins David -- None Available
Hawkins David -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Potter Enterprises Llc $56,175
Previous Owner Hawkins David $40,800
Previous Owner Mcdaniel Zachary I $46,500
Previous Owner Mcdaniel Zachary I $40,000
Previous Owner Mcdaniel Zachary I $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2023 08/24/23 Sold $74,900 -6.3% $43 / Sq Ft
07/07/2023 07/07/23 Price Changed $79,900 +14.3% $46 / Sq Ft
06/01/2023 06/01/23 For Sale $69,900 0.0% $40 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/10/2023 04/10/23 Price Changed $69,900 -12.5% $40 / Sq Ft
03/01/2023 03/01/23 For Sale $79,900 +56.7% $46 / Sq Ft
05/31/2012 05/31/12 Sold $51,000 +5.2% $29 / Sq Ft
05/30/2012 05/30/12 For Sale $48,500 -- $28 / 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 $1,434 $71,700 $4,600 $67,100
2023 $1,040 $52,000 $4,600 $47,400
2022 $1,040 $61,300 $4,500 $56,800
2021 $1,154 $57,700 $4,500 $53,200
2020 $1,104 $55,200 $4,500 $50,700
2019 $1,066 $53,300 $4,500 $48,800
2018 $286 $52,000 $4,500 $47,500
2017 $284 $53,400 $4,500 $48,900
2016 $264 $53,400 $4,500 $48,900
2014 $98 $55,900 $4,500 $51,400
2013 $98 $56,000 $4,500 $51,500
Source: Public Records

Agents Affiliated with this Home

  • Linda Kitts

    Seller's Agent in 2023

    Linda Kitts

    Kitts Realty

    (765) 661-1069

    8 in this area

    110 Total Sales

    Linda Kitts
    Section Image
  • Suzie Mack

    Seller's Agent in 2012

    Suzie Mack

    F.C. Tucker Realty Center

    (765) 661-0379

    8 in this area

    465 Total Sales

    Suzie Mack
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202305992

Indiana Regional MLS

APN: 27-07-06-301-142.000-002

Indiana Grant County Marion 46953 Garfield

617 W 5th St, Marion, IN

This home is located at 617 W 5th St, Marion, IN 46953 since 01 March 2023 and is currently estimated at $91,811, approximately $52 per square foot. This property was built in 1910. 617 W 5th St is a home located in Grant County with nearby schools including Riverview Elementary School, Justice Thurgood Marshall Intermediate School, and John L. McCulloch Junior 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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