NOT LISTED FOR SALE

642 W Main St Wabash, IN 46992

Wabash Area

Estimated Value: $125,000 - $179,000

6 Beds
5 Baths
3,140 Sq Ft
$49/Sq Ft Est. Value

Sale Details

Date Sold: April 17, 2024

Last sale price $133,000 $42 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,053 / mo

18 Days on Market

Highlights

  • Laundry in Utility Room
  • Level Lot
  • 3-minute walk to Wabash City Park
  • Hot Water Heating System

About This Home

As of April 2024

Your income begins as soon as you close! Five units (all rented except unit #2 which was just vacated and will be filled soon) Tenants have access to off street parking. Four units are one bedroom, one is two bedroom. Utilities paid by owner. All leases are currently on month-to-month terms

Last Agent to Sell the Property

Amy Brown

Heartland Real Estate Brokers Brokerage Email: connect.amybrown@gmail.com Listed on: 02/06/2024

Last Buyer's Agent

Amy Brown

Heartland Real Estate Brokers Brokerage Email: connect.amybrown@gmail.com Listed on: 02/06/2024

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,711

Year Built

  • Built in 1880

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 66 x 132
  • Level Lot

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laminate Flooring
  • Laundry in Utility Room
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Parking

  • 5 Parking Spaces
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Oj Neighbors Elementary School
  • Wabash Middle School
  • Wabash High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for building insurance, electric, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 85-14-40-401-088.000-009

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $7,440
  • Fuel Expense $720
  • Insurance Expense $900
  • Maintenance Expense $1,000
  • Water Sewer Expense $1,524

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,711

Year Built

Built in 1880

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1880
  • Style: Two Story
  • Bedrooms: 6
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: E & H SUB OL 20 LOT 10
  • Parcel Number ID: 85-14-40-401-088.000-009
  • Platted: Yes
  • Amenities: Off Street Parking
  • Special Features: None

Interior Features

  • Total Sq Ft: 3140
  • Total Finished Sq Ft: 3140
  • Above Grade Finished Sq Ft: 3140
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Flooring: Laminate
  • Main Level Sq Ft: 1900
  • Number Of Ranges Ovens: 5

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 5
  • Parking: Gravel, Off Street, Street

Utilities

  • Heating Fuel: Electricity, Gas, Hot Water
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 7440
  • Annual Fuel Expense: 720
  • Annual Insurance Expense: 900
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 1524
  • Number Of W D Hookups: 1

Schools

  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 66 X 132
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Electric, Maintenance, Sewer, Tax, Trash Collection, Water

Tax Info

  • Annual Property Tax: 1711

Multi Family

  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Num Of1 Bedrooms: 4
  • Num Of2 Bedrooms: 1

MLS Schools

  • High School: Wabash
  • Middle School: Wabash
  • School District: Wabash City Schools

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2024
Sold by
Bought by
Current Estimated Value
$153,712

Purchase Details

Listed on
Feb 6, 2024
Closed on
Jun 13, 2024
Sold by
Bought by
Seller's Agent
Amy Brown
Heartland Real Estate Brokers
Buyer's Agent
Amy Brown
Heartland Real Estate Brokers
List Price
$135,000
Sold Price
$133,000
Premium/Discount to List
-$2,000
-1.48%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.32%

Purchase Details

Listed on
Feb 6, 2024
Closed on
Apr 12, 2024
Sold by
Bought by
Seller's Agent
Amy Brown
Heartland Real Estate Brokers
Buyer's Agent
Amy Brown
Heartland Real Estate Brokers
List Price
$135,000
Sold Price
$133,000
Premium/Discount to List
-$2,000
-1.48%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,100
Interest Rate
6.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,125
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 25, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,950
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 14, 2018
Sold by
Bought by

Purchase Details

Closed on
Jun 16, 2014
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Wabash, IN

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
$133,000 None Listed On Document
-- None Available
$43,000 Metz Title Company, Inc
$57,000 Metz Title Company, Inc
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $93,100
Previous Owner $84,000
Previous Owner $64,125
Previous Owner $27,950
Previous Owner $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/17/2024 04/17/24 Sold $133,000 -1.5% $42 / Sq Ft
02/24/2024 02/24/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $135,000 -- $43 / Sq Ft
Source: Indiana Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,524 $125,000 $13,200 $111,800
2024 $2,044 $102,200 $13,200 $89,000
2023 $2,010 $100,500 $13,200 $87,300
2022 $1,810 $90,500 $13,200 $77,300
2021 $1,612 $80,600 $13,200 $67,400
2020 $1,488 $74,400 $13,200 $61,200
2019 $1,468 $73,400 $13,200 $60,200
2018 $1,416 $70,800 $13,200 $57,600
2017 $1,268 $62,200 $13,200 $49,000
2016 $1,272 $62,400 $13,200 $49,200
2014 $1,006 $61,800 $13,200 $48,600
2013 $1,214 $60,700 $13,200 $47,500
Source: Public Records

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Map

Source: Indiana Regional MLS

MLS Number: 202403925

Indiana Regional MLS

APN: 85-14-40-401-088.000-009

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