Seller's Agent in 2023
Kyle Tom
Coldwell Banker Lingle
(765) 220-0199
381 Total Sales
628 S 7th St Richmond, IN 47374
Estimated Value: $45,000 - $94,974
6
Beds
3
Baths
1,592
Sq Ft
$49/Sq Ft
Est. Value
About This Home
As of March 2023You'll be amazed when you walk-in and see the exceptional condition of this 3 unit investment property. If cash flow is what you are looking for you've found your match. With 1-2 bedroom and 2-1 bedroom units, this property has a gross cash flow of nearly $15,000 a year and a cap rate of 20%. Perfect investment for first time investor or seasoned investor call or text Kyle Tom @ 765-220-0199 for your private tour.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $414
Year Built
- Built in 1920
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 40x139
Home Design
- Duplex
- Shingle Roof
- Vinyl Siding
- Stick Built Home
Interior Spaces
- 1,592 Sq Ft Home
- 2-Story Property
- Non-Functioning Fireplace
- Window Treatments
- Electric Range
Unfinished Basement
- Partial Basement
- Crawl Space
Outdoor Features
- Covered Patio or Porch
Schools
- Vaile Elementary School
- Test Middle School
- Richmond High School
Utilities
- Heating System Uses Gas
- Furnace
- Baseboard Heating
- Gas Available
- Gas Water Heater
- Cable TV Available
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $450
- Maintenance Expense $1,000
- Utility Expense $2,100
- Professional Management Expense $1,000
- Operating Expense $5,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 31, 2022
Closed on
Mar 15, 2023
Sold by
Sponholtz John
Bought by
Rockwell Properties Llc
Seller's Agent
Kyle Tom
Coldwell Banker Lingle
Buyer's Agent
Kyle Tom
Coldwell Banker Lingle
List Price
$44,900
Sold Price
$36,500
Premium/Discount to List
-$8,400
-18.71%
Views
167
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,744
Avg. Annual Appreciation
34.39%
Original Mortgage
$51,800
Outstanding Balance
$48,216
Interest Rate
6.09%
Mortgage Type
Credit Line Revolving
Estimated Equity
$30,029
Purchase Details
Listed on
Apr 17, 2017
Closed on
Sep 12, 2017
Sold by
King Ephraim K
Bought by
Sponholtz John
Seller's Agent
Kyle Tom
Coldwell Banker Lingle
Buyer's Agent
Kyle Tom
Coldwell Banker Lingle
List Price
$34,900
Sold Price
$34,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.82%
Original Mortgage
$27,920
Interest Rate
3.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 21, 2011
Sold by
Wayne County
Bought by
Cox Lawrence E
Purchase Details
Closed on
Mar 29, 2011
Sold by
Premier Investment Group Inc
Bought by
Wayne County Board Of Commisioners
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rockwell Properties Llc | $36,500 | -- | |
| Sponholtz John | -- | None Available | |
| Cox Lawrence E | $3,000 | -- | |
| Wayne County Board Of Commisioners | $2,499 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rockwell Properties Llc | $51,800 | |
| Previous Owner | Sponholtz John | $27,920 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/20/2023 03/20/23 | Pending | -- | -- | -- | |
| 03/17/2023 03/17/23 | For Sale | $44,900 | +23.0% | $28 / Sq Ft | |
| 03/15/2023 03/15/23 | Sold | $36,500 | -18.7% | $23 / Sq Ft | |
| 01/30/2023 01/30/23 | Pending | -- | -- | -- | |
| 08/31/2022 08/31/22 | For Sale | $44,900 | +28.7% | $28 / Sq Ft | |
| 09/12/2017 09/12/17 | Sold | $34,900 | 0.0% | $22 / Sq Ft | View Prior Sale |
| 04/20/2017 04/20/17 | Pending | -- | -- | -- | |
| 04/17/2017 04/17/17 | For Sale | $34,900 | +52.4% | $22 / Sq Ft | |
| 03/27/2013 03/27/13 | Sold | $22,900 | -23.4% | $14 / Sq Ft | View Prior Sale |
| 03/22/2013 03/22/13 | Pending | -- | -- | -- | |
| 06/20/2011 06/20/11 | For Sale | $29,900 | -- | $19 / Sq Ft |
Source: Richmond Association of REALTORS®
Tax History Compared to Growth
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 | $626 | $31,300 | $4,100 | $27,200 |
| 2023 | $520 | $31,300 | $4,100 | $27,200 |
| 2022 | $414 | $31,300 | $4,100 | $27,200 |
| 2021 | $414 | $31,300 | $4,100 | $27,200 |
| 2020 | $414 | $31,300 | $4,100 | $27,200 |
| 2019 | $414 | $31,300 | $4,100 | $27,200 |
| 2018 | $414 | $31,300 | $4,100 | $27,200 |
| 2017 | $270 | $24,600 | $4,100 | $20,500 |
| 2016 | $492 | $24,600 | $4,100 | $20,500 |
| 2014 | $512 | $25,600 | $4,100 | $21,500 |
| 2013 | $512 | $26,700 | $4,100 | $22,600 |
Source: Public Records
Agents Affiliated with this Home
-
Kyle Tom
Map
Source: Richmond Association of REALTORS®
MLS Number: 10044753
APN: 89-18-05-420-516.000-030
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