$135,000
SOLD NOV 13, 2024

701 Lincolnway W Ligonier, IN 46767

3 Beds
2 Baths
1,386 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$97 Per Sq Ft

8% Below List Price

7 Days on Market

Highlights

  • Detached Second Garage
  • Corner Lot
  • Forced Air Heating and Cooling System
  • A-Frame Home
  • Ceramic Tile Flooring

About This Home

As of November 2024

Welcome to a fantastic investment opportunity! One side is currently tenant-occupied ($250/wk), providing immediate rental income with plenty of upside, while the other side is vacant and move-in ready, making it perfect for an owner-occupant or another tenant. Each unit features 1 bed, 1 full bath, and full kitchen with appliances. Garage has been recently painted. Plenty of parking space for tenants. Walking distance to Woodlawn Plaza Skate Park and downtown Ligonier. Don't miss your chance to secure a property with so much potential! Possession subject to tenants rights.

Last Agent to Sell the Property

Gabriela Ruvalcaba

Hosler Realty Inc - Kendallville Brokerage Phone: 260-237-9951 Listed on: 10/05/2024

Last Buyer's Agent

Gabriela Ruvalcaba

Hosler Realty Inc - Kendallville Brokerage Phone: 260-237-9951 Listed on: 10/05/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,154

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 49x125
  • Corner Lot

Home Design

  • Duplex
  • A-Frame Home
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,386 Sq Ft Home
  • 2-Story Property
  • Laundry in Kitchen

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Michigan Basement
  • Stone or Rock in Basement

Parking

  • 3 Parking Spaces
  • Detached Second Garage
  • Private Parking
  • Parking Lot
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • West Noble Elementary And Middle School
  • West Noble High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Community Well

Listing and Financial Details

  • The owner pays for building insurance, electric, fuel, lawn maintenance, maintenance, snow removal, tax, water
  • Assessor Parcel Number 57-01-28-100-012.000-014

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,200
  • Fuel Expense $780
  • Insurance Expense $900
  • Maintenance Expense $500
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,154

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1920
  • Age: 104
  • Style: Two Story
  • Architectural Style: A-Frame
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: West Lawn Add Lot 1 Blk 2.
  • Parcel Number ID: 57-01-28-100-012.000-014
  • Platted: Yes
  • Amenities: Off Street Parking
  • Location: City/Town/Suburb
  • Sp Lp Percent: 92.47
  • Monthly Gross Income: 2000
  • Year Taxes Payable: 2023/2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 1386
  • Total Finished Sq Ft: 1386
  • Above Grade Finished Sq Ft: 1386
  • Price Per Sq Ft: 97.4
  • Basement: Yes
  • Basement Foundation: Partial Basement, Michigan Basement
  • Basement Material: Stone
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 336

Garage/Parking

  • Number Of Parking Spaces: 3
  • Parking: Lot, Private

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Indiana Michigan Power
  • Gas Company: NIPSCO
  • Well Type: Community
  • Annual Electric: 4200
  • Annual Fuel Expense: 780
  • Annual Insurance Expense: 900
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 1200
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: West Noble Schools
  • Elementary School: West Noble
  • Middle School: West Noble
  • High School: West Noble
  • Elementary School: West Noble

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 49x125
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Building Insurance, Electric, Fuel, Lawn Maintenance, Maintenance, Snow Removal, Tax, Water

Multi Family

  • Gross Monthly Rent: 2000
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 2
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 2154

MLS Schools

  • High School: West Noble
  • Middle School: West Noble
  • School District: West Noble Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2024
Closed on
Nov 13, 2024
Sold by
Jdk Rentals Llc
Bought by
Quezada Jesus
Seller's Agent
Gabriela Ruvalcaba
Hosler Realty Inc - Kendallville
Buyer's Agent
Gabriela Ruvalcaba
Hosler Realty Inc - Kendallville
List Price
$146,000
Sold Price
$135,000
Premium/Discount to List
-$11,000
-7.53%
Total Days on Market
7
Views
6
Current Estimated Value
$154,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,224
Avg. Annual Appreciation
17.14%

Purchase Details

Listed on
Feb 8, 2021
Closed on
Mar 26, 2021
Sold by
Jorge Islas
Bought by
Jdk Rentals Llc
Seller's Agent
David Singell
Myers Trust Real Estate
Buyer's Agent
David Singell
Myers Trust Real Estate
List Price
$84,900
Sold Price
$80,000
Premium/Discount to List
-$4,900
-5.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.46%

Purchase Details

Closed on
Apr 21, 2016
Sold by
2 W and 2 1
Bought by
Jorge Islas

Purchase Details

Closed on
Nov 5, 2014
Sold by
Jorge Islas
Bought by
2 W and 2 9

Purchase Details

Closed on
Mar 15, 2010
Sold by
Federal Mae
Bought by
Jorge Islas

Purchase Details

Closed on
Sep 28, 2009
Sold by
Brian C Berger
Bought by
Bria C Berger

Purchase Details

Closed on
Aug 27, 2009
Sold by
Gary D Leatherman
Bought by
Robert S Kruzynski Atty
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $135,000 Assurance Title Company Llc
Grant Deed -- Fidelity National Title Co
Deed $30,000 Fidelity National Title
Deed $28,200 Fidelity National Title
Deed $17,000 Meridian Title Corp
Sheriffs Deed $60,200 Unterberg & Associates, P.C.
Deed $60,200 Unterberg & Assoc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2024 11/13/24 Sold $135,000 -7.5% $97 / Sq Ft
10/05/2024 10/05/24 For Sale $146,000 +82.5% $105 / Sq Ft
03/26/2021 03/26/21 Sold $80,000 -5.8% $58 / Sq Ft
03/13/2021 03/13/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $84,900 0.0% $61 / Sq Ft
02/20/2021 02/20/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $84,900 -- $61 / 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 $2,262 $113,100 $14,300 $98,800
2023 $2,155 $105,800 $12,800 $93,000
2022 $2,052 $100,900 $12,800 $88,100
2021 $2,652 $94,200 $13,000 $81,200
2020 $2,055 $68,500 $10,900 $57,600
2019 $2,055 $68,500 $10,900 $57,600
2018 $2,055 $68,500 $10,900 $57,600
2017 $1,977 $65,900 $10,900 $55,000
2016 $1,957 $65,400 $10,900 $54,500
2014 $1,202 $55,300 $10,900 $44,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202438759

Indiana Regional MLS

APN: 570128100012000014