NOT LISTED FOR SALE

701 N Elm St Nappanee, IN 46550

Estimated Value: $190,195 - $214,000

3 Beds
1.5 Baths
1,470 Sq Ft
$140/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $171,125 $116 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,269/month

4 Days on Market

Highlights

  • Corner Lot
  • 3 Car Detached Garage
  • 4-minute walk to Little Paws Playground
  • NorthWood High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of June 2021

Check out this 3 bedroom 2 bath home with a 3 stall garage for all your toys! This home has been well taken care of and is ready for you!

Last Listed By

Mike Parson

Hallmark Excellence Realty Listed on: 05/13/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,224

Year Built

  • Built in 1950

Lot Details

  • 5,053 Sq Ft Lot
  • Lot Dimensions are 43 x126
  • Corner Lot
  • Level Lot

Parking

  • 3 Car Detached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1,470 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Nappanee Elementary School
  • Northwood Middle School
  • Northwood High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 20-14-31-103-012.000-029

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,224

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1950
  • Age: 71
  • Style: Two Story
  • Total Number of Rooms: 8
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 1
  • Total Number of Half Bathrooms: 1
  • Legal Description: TERRYS PLACE LOT 17
  • Parcel Number ID: 20-14-31-103-012.000-029
  • Platted: Yes
  • Sp Lp Percent: 110.47
  • Year Taxes Payable: 2020/2021
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 1470
  • Total Finished Sq Ft: 1470
  • Above Grade Finished Sq Ft: 1470
  • Price Per Sq Ft: 116.41
  • Basement Foundation: Slab
  • Bedroom 1: Dimensions: 12x16, On Level: Upper
  • Bedroom 2: Dimensions: 10x10, On Level: Upper
  • Bedroom 3: Dimensions: 10x14, On Level: Upper
  • Number of Main Level Half Bathrooms: 1

Exterior Features

  • Exterior: Aluminum
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 37x21
  • Garage Sq Ft: 777
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City

Schools

  • School District: Wa-Nee Community Schools
  • Elementary School: Nappanee
  • Middle School: NorthWood
  • High School: NorthWood
  • Elementary School: Nappanee

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 43 X126
  • Estimated Lot Sq Ft: 5053
  • Estimated Lot Size Acres: 0.116

Tax Info

  • Annual Taxes: 1224
  • Exemptions: Homestead, Mortgage, Supplemental

MLS Schools

  • High School: NorthWood
  • Middle School: NorthWood
  • School District: Wa-Nee Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2021
Closed on
Jun 29, 2021
Sold by
Cunningham Nathanael R and Cunningham Taylor M
Bought by
Farner Michael A and Farner Kayla M
Seller's Agent
Mike Parson
Hallmark Excellence Realty
Buyer's Agent
Julie Hall
Patton Hall Real Estate
List Price
$154,900
Sold Price
$171,125
Premium/Discount to List
$16,225
10.47%
Total Days on Market
4
Current Estimated Value
$206,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,174
Avg. Annual Appreciation
4.29%
Original Mortgage
$172,853
Outstanding Balance
$159,531
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$41,782

Purchase Details

Closed on
Feb 10, 2017
Sold by
Martin Transoport Inc
Bought by
Cunningham Nathanel R and Cunningham Taylor M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,212
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2016
Sold by
Lincoln Jennifer K
Bought by
Hoover Scott M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 2012
Sold by
Hoover M Scott
Bought by
Lincoln Jennifer K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
3.65%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 22, 2002
Sold by
Clark Steven D and Clark Mary E
Bought by
Hoover M Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,250
Interest Rate
6.95%

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 Buyer Sale Price Title Company
Farner Michael A $342,250 Mtc
Cunningham Nathanel R -- Heritage Parke Title Llc
Hoover Scott M -- Hamilton National Title Llc
Lincoln Jennifer K $110,500 None Available
Hoover M Scott -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farner Michael A $172,853
Previous Owner Cunningham Nathanel R $131,212
Previous Owner Martin Transport Inc $320,000
Previous Owner Hoover M Scott $20,000
Previous Owner Hoover M Scott $75,000
Previous Owner Hoover M Scott $88,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $171,125 +10.5% $116 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $154,900 -- $105 / 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 $1,445 $151,200 $18,500 $132,700
2022 $1,445 $133,300 $18,500 $114,800
2021 $1,271 $123,600 $18,500 $105,100
2020 $1,224 $118,900 $18,500 $100,400
2019 $1,167 $113,400 $18,500 $94,900
2018 $1,093 $106,200 $16,900 $89,300
2017 $982 $98,200 $16,900 $81,300
2016 $912 $93,400 $16,900 $76,500
2014 $978 $92,500 $16,900 $75,600
2013 $964 $90,200 $16,900 $73,300
Source: Public Records

Agents Affiliated with this Home

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Source: Indiana Regional MLS

MLS Number: 202117161

Indiana Regional MLS

APN: 20-14-31-103-012.000-029