NOT LISTED FOR SALE

617 W Spencer Ave Marion, IN 46952

Martin Boots Neighborhood

Estimated Value: $153,000 - $178,000

4 Beds
2.5 Baths
2,393 Sq Ft
$70/Sq Ft Est. Value

Last Sold October 18, 2017

Last sale price $65,000 $27 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $1,066/month

228 Days on Market

Highlights

  • Traditional Architecture
  • Covered patio or porch
  • Chair Railings
  • Wood Flooring
  • 2 Car Detached Garage
  • 3-minute walk to Clif­ford Townsend Park

About This Home

As of October 2017

Fantastic Income Producer on Spencer Avenue! This property is currently set up as a duplex investment property but has the potential to be converted for use as a single family home. Downstairs Unit features 3 Bedrooms, 1.5 Baths, Laundry Hookup. Currently Vacant but most recently rented for $625/monthly and tenant pays utilities & has access to 2 Car detached garage. Upstairs Unit is 1 Bedroom. Rents for $440/monthly and owner pays utilities. Great Opportunity on this desirable street!

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,078

Year Built

  • Built in 1900

Lot Details

  • 6,600 Sq Ft Lot
  • Lot Dimensions are 50x132
  • Landscaped
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Chair Railings
  • Crown Molding
  • Laminate Countertops

Flooring

  • Wood
  • Partially Carpeted
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry in Kitchen
  • Washer Hookup

Basement

  • Block Basement Construction
  • Basement Cellar

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, electric, heating, sewer, trash collection, water
  • Assessor Parcel Number 27-07-06-204-050.000-002

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,078

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 117
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: 26' E/SD LOT 195 & 24' W/SD LOT 196 R J SPENCERS 3RD ADD
  • Parcel Number ID: 27-07-06-204-050.000-002
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Near Walking Trail, Cable Available, Cable Ready, Chair Rail, Countertops-Laminate, Crown Molding, Garage Door Opener, Landscaped, Porch Covered, Water Heater Gas, Washer Hook-Up
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 92.99
  • Monthly Gross Income: 1065
  • Special Features: None

Interior Features

  • Total Sq Ft: 2839
  • Total Finished Sq Ft: 2393
  • Above Grade Finished Sq Ft: 2393
  • Below Grade Sq Ft: 446
  • Price Per Sq Ft: 27.16
  • Basement: Yes
  • Basement Foundation: Cellar
  • Basement Material: Block, Poured Concrete
  • Flooring: Carpet, Ceramic Tile, Mixed, Part Carpet, Wood
  • Total Below Grade Sq Ft: 446
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Driveway: Asphalt
  • Parking: Off Street, Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: Vectren Energy
  • Water Company: Marion Utilities
  • Cable Company: Brighthouse Networks
  • Annual Insurance Expense: 1000
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50x132
  • Estimated Lot Sq Ft: 6600
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: Week to Week, 1 Year
  • Tenant Pays: Cable, Electric, Heating, Sewer, Trash Collection, Water

Tax Info

  • Total Assessed Value: 2016
  • Annual Property Tax: 1078

Multi Family

  • Gross Monthly Rent: 1065
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2017
Closed on
Oct 19, 2017
Sold by
Finch Real Estate Development Llc
Bought by
Deavers Jeffrey
List Price
$69,900
Sold Price
$65,000
Premium/Discount to List
-$4,900
-7.01%
Total Days on Market
228
Current Estimated Value
$167,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,049
Avg. Annual Appreciation
13.67%
Original Mortgage
$63,822
Interest Rate
3.88%
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
Deavers Jeffrey -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deavers Jeffrey P $60,612
Closed Deavers Jeffrey $63,822
Closed Deavers Jeffrey --
Closed Deavers Jeffrey P $63,822
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2017 10/18/17 Sold $65,000 -7.0% $27 / Sq Ft
08/19/2017 08/19/17 Pending -- -- --
01/03/2017 01/03/17 For Sale $69,900 -- $29 / 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 $2,162 $165,400 $13,000 $152,400
2023 $1,824 $140,700 $13,000 $127,700
2022 $1,540 $119,100 $12,300 $106,800
2021 $1,415 $110,500 $12,300 $98,200
2020 $1,342 $111,000 $12,300 $98,700
2019 $563 $53,500 $12,300 $41,200
2018 $452 $53,500 $12,300 $41,200
2017 $284 $53,300 $12,300 $41,000
2016 $1,066 $53,300 $12,300 $41,000
2014 $1,070 $53,500 $12,300 $41,200
2013 $1,070 $71,500 $12,300 $59,200
Source: Public Records

Map

Source: Indiana Regional MLS

MLS Number: 201700272

Indiana Regional MLS

APN: 27-07-06-204-050.000-002

Indiana Grant County Marion 46952 Martin Boots

617 W Spencer Ave, Marion, IN

This home is located at 617 W Spencer Ave, Marion, IN 46952 since 03 January 2017 and is currently estimated at $167,049, approximately $69 per square foot. This property was built in 1900. 617 W Spencer Ave 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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