$80,000
SOLD MAR 26, 2021

701 Lincolnway W Ligonier, IN 46767

3 Beds
2 Baths
1,386 Sq Ft
6,599 Sq Ft Lot

Recently Sold

$58 Per Sq Ft

6% Below List Price

33 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

As of November 2024

The property is currently used as a duplex - 1 bedroom in front apartment, 2 bedroom in back apartment. Both units are rented, so tenants rights will be observed. A 16x24 detached garage had previously been used for business.

Last Agent to Sell the Property

David Singell

Myers Trust Real Estate Listed on: 02/08/2021

Last Buyer's Agent

David Singell

Myers Trust Real Estate Listed on: 02/08/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,599 Sq Ft Lot
  • Lot Dimensions are 20x132
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Basement
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for building insurance, electric, heating, sewer, tax, trash collection, water
  • Assessor Parcel Number 57-01-28-100-012.000-014

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $2,796
  • Fuel Expense $902
  • Insurance Expense $1,000
  • Water Sewer Expense $1,116

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1920
  • Age: 101
  • Style: One and Half Story
  • 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
  • Sp Lp Percent: 94.23
  • Monthly Gross Income: 1595
  • Special Features: None

Interior Features

  • Total Sq Ft: 1862
  • Total Finished Sq Ft: 1386
  • Above Grade Finished Sq Ft: 1386
  • Below Grade Sq Ft: 476
  • Price Per Sq Ft: 57.72
  • Basement: Yes
  • Basement Foundation: Crawl, Slab
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 476

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2
  • Outbuilding: Pole/Post Building
  • Outbuilding Sq Ft: 384

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 2796
  • Annual Fuel Expense: 902
  • Annual Insurance Expense: 1000
  • Annual Water Sewer Expense: 1116

Schools

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

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 20x132
  • Estimated Lot Sq Ft: 6599
  • Estimated Lot Size Acres: 0.1515

Rental Info

  • Lease Term: Week to Week
  • Owner Pays: Building Insurance, Electric, Heating, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable

Multi Family

  • Gross Monthly Rent: 1582
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2055

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%
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: 202104129

Indiana Regional MLS

APN: 570128100012000014