NOT LISTED FOR SALE

640 E 5th St Peru, IN 46970

Estimated Value: $75,000 - $220,000

5 Beds
3 Baths
2,702 Sq Ft
$54/Sq Ft Est. Value

Last Sold September 29, 2021

Last sale price $31,000 $11 Per Sq Ft

Est. 371% increase in value since last sale

Current estimated payment $1,124/month

8 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Forced Air Heating System
  • Elmwood Primary Learning Center Rated A-
  • Covered Patio or Porch
  • Wood Siding

About This Home

As of September 2021

This investment triplex is ready for the next owner to return it to grandeur with some TLC. Large rooms filled with original woodwork and lots of light. With one large apartment upstairs and two apartments downstairs, there is fabulous income potential here! Sold AS-IS. Cash only.

Last Agent to Sell the Property

Rebekah Slack

Miles Realty Group Listed on: 08/16/2021

Last Buyer's Agent

Rebekah Slack

Miles Realty Group Listed on: 08/16/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 8,976 Sq Ft Lot
  • Lot Dimensions are 68x132
  • Corner Lot

Home Design

  • Triplex
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Washer Hookup

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 5 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for building insurance, cooling, electric, heating, trash collection, water
  • Assessor Parcel Number 52-08-26-201-062.000-016

Community Details

Overview

  • 3 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $900
  • Fuel Expense $1,800
  • Insurance Expense $2,500
  • Maintenance Expense $780
  • Trash Expense $150
  • Water Sewer Expense $900

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Style: Two Story
  • Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 021-35417-00 EAST KENWOOD AD LOT 61 &; 14' E SD LOT 60; 42 004 17000
  • Parcel Number ID: 52-08-26-201-062.000-016
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Porch Covered, Washer Hook-Up
  • Special Features: None

Interior Features

  • Total Sq Ft: 4053
  • Total Finished Sq Ft: 2702
  • Above Grade Finished Sq Ft: 2702
  • Below Grade Sq Ft: 1351
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Wood
  • Total Below Grade Sq Ft: 1351
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Annual Electric: 900
  • Annual Fuel Expense: 1800
  • Annual Insurance Expense: 2500
  • Annual Maintenance Expense: 780
  • Annual Trash Expense: 150
  • Annual Water Sewer Expense: 900
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 68x132
  • Estimated Lot Sq Ft: 8976
  • Estimated Lot Size Acres: 0.2061
  • Lot Number: 61

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Cooling, Electric, Heating, Trash Collection, Water

Tax Info

  • Annual Property Tax: 955

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2021
Closed on
Oct 5, 2021
Sold by
Kennedy Constance S
Bought by
Barron Dalton
Seller's Agent
Rebekah Slack
Miles Realty Group
Buyer's Agent
Rebekah Slack
Miles Realty Group
List Price
$45,000
Sold Price
$31,000
Premium/Discount to List
-$14,000
-31.11%
Current Estimated Value
$146,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,000
Avg. Annual Appreciation
43.87%

Purchase Details

Listed on
Aug 16, 2021
Closed on
Oct 4, 2021
Sold by
Kennedy John Joseph
Bought by
Kennedy Constance S
Seller's Agent
Rebekah Slack
Miles Realty Group
Buyer's Agent
Rebekah Slack
Miles Realty Group
List Price
$45,000
Sold Price
$31,000
Premium/Discount to List
-$14,000
-31.11%

Purchase Details

Closed on
Sep 13, 2006
Sold by
Fallstick Brian C
Bought by
Kennedy Joseph O and Kennedy Constance S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
Barron Dalton $31,000 None Available
Kennedy Constance S $31,000 None Available
Kennedy Constance S -- None Listed On Document
Kennedy Joseph O -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2021 09/29/21 Sold $31,000 -31.1% $11 / Sq Ft
08/16/2021 08/16/21 For Sale $45,000 -- $17 / 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 $4,331 $138,500 $6,400 $132,100
2023 $4,074 $118,500 $6,400 $112,100
2022 $1,284 $64,200 $6,400 $57,800
2021 $967 $59,700 $6,400 $53,300
2020 $955 $59,700 $6,400 $53,300
2019 $705 $43,700 $6,400 $37,300
2018 $584 $36,800 $6,400 $30,400
2017 $572 $36,500 $6,500 $30,000
2016 $572 $36,500 $6,500 $30,000
2014 $548 $36,300 $6,500 $29,800
2013 -- $37,700 $6,500 $31,200
Source: Public Records

Agents Affiliated with this Home

  • Rebekah Slack

    Seller's Agent in 2021

    Rebekah Slack

    Miles Realty Group

    (765) 469-0615

    69 in this area

    118 Total Sales

    Rebekah Slack
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Map

Source: Indiana Regional MLS

MLS Number: 202133703

Indiana Regional MLS

APN: 52-08-26-201-062.000-016

Indiana Miami County Peru 46970

640 E 5th St, Peru, 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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