NOT LISTED FOR SALE

686 -686 1 2 High St Wabash, IN 46992

Estimated Value: $91,000 - $153,000

2 Beds
2 Baths
1,362 Sq Ft
$91/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $100,000 $73 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $795/month

40 Days on Market

Highlights

  • Laundry in Utility Room
  • Forced Air Heating System
  • Level Lot

About This Home

As of July 2024

Wonderfully Maintained Duplex sitting on a great lot. Currently fully rented with split gas and electric utilities. Currently Grossing $1430 a month with both tenants being month to month so a new owner can make any changes they so choose. You could even live in one unit and rent out the other side to dramatically reduce your living expenses! Property to be sold As is

Last Listed By

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 05/30/2024

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,270

Year Built

  • Built in 1949

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 60x220
  • Level Lot

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 1,362 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating, deposit value
  • The owner pays for building insurance, lawn maintenance, sewer, tax, water
  • Assessor Parcel Number 85-14-63-202-022.000-009

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $2,283
  • Insurance Expense $779
  • Maintenance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,270

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1949
  • Age: 75
  • Style: Two Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: M T HARTLEYS PT OL 23
  • Parcel Number ID: 85-14-63-202-022.000-009
  • Platted: Yes
  • Amenities: Water Heater Electric
  • Sp Lp Percent: 71.48
  • Monthly Gross Income: 1430
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 1362
  • Total Finished Sq Ft: 1362
  • Above Grade Finished Sq Ft: 1362
  • Price Per Sq Ft: 73.42
  • Basement Foundation: Crawl
  • Flooring: Mixed
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 2283
  • Annual Insurance Expense: 779
  • Annual Maintenance Expense: 1200
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • School District: Wabash City Schools
  • Elementary School: OJ Neighbors
  • Middle School: Wabash
  • High School: Wabash
  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 60X220
  • Estimated Lot Sq Ft: 13200
  • Estimated Lot Size Acres: 0.3

Rental Info

  • Lease Term: Week to Week
  • Owner Pays: Building Insurance, Lawn Maintenance, Sewer, Tax, Water
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Deposit Value

Multi Family

  • Gross Monthly Rent: 1430
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1270

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Jul 12, 2024
Sold by
Wabash Residences Llc
Bought by
Dacs Properties Llc
Seller's Agent
Jordan Wildman
eXp Realty, LLC
Buyer's Agent
Amanda Zumbrun
Siders Premiere Properties, LLC
List Price
$139,900
Sold Price
$100,000
Premium/Discount to List
-$39,900
-28.52%
Total Days on Market
40
Views
5
Current Estimated Value
$123,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,733
Avg. Annual Appreciation
39.47%
Original Mortgage
$220,000
Outstanding Balance
$216,086
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
-$84,724

Purchase Details

Closed on
Oct 17, 2018
Sold by
Monroe Michael R and Monroe Lisa R
Bought by
Abundant Life Properties Llc

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
Dacs Properties Llc $140,000 None Listed On Document
Abundant Life Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dacs Properties Llc $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $100,000 -28.5% $73 / Sq Ft
07/11/2024 07/11/24 Pending -- -- --
06/01/2024 06/01/24 For Sale $139,900 -- $103 / 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 $1,302 $65,100 $8,700 $56,400
2023 $1,270 $63,500 $8,700 $54,800
2022 $1,144 $57,200 $7,000 $50,200
2021 $1,062 $53,100 $7,000 $46,100
2020 $1,046 $52,300 $7,000 $45,300
2019 $1,054 $52,700 $7,000 $45,700
2018 $1,054 $52,700 $7,000 $45,700
2017 $1,038 $50,700 $7,000 $43,700
2016 $1,042 $50,900 $7,000 $43,900
2014 $861 $45,100 $7,000 $38,100
2013 $884 $44,200 $7,000 $37,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202419512

Indiana Regional MLS

APN: 85-14-63-202-022.000-009