NOT LISTED FOR SALE

701 S Nebraska St Marion, IN 46953

Downtown Marion Neighborhood

Estimated Value: $43,000 - $112,390

3 Beds
2 Baths
1,644 Sq Ft
$46/Sq Ft Est. Value

Last Sold August 22, 2023

Last sale price $11,500 $7 Per Sq Ft

Est. 557% increase in value since last sale

Current estimated payment $448/month

2 Days on Market

Highlights

  • Contemporary Architecture
  • Corner Lot
  • Fenced Yard
  • Wood Flooring
  • Covered Patio or Porch
  • Laundry in Utility Room

About This Home

As of August 2023

This duplex is a fixer-upper. Electrical wiring was stripped out from the drywall. Both sides have base board electric heat. 701 side is a 1 bedroom on main level with living room and kitchen and bath. 703 side is a 2 bedroom with both bedrooms and bath on 2nd level and living room, kitchen and utility room on main level. Large, fenced side yard for fun and gardening. Two (2) electric meters and tenants pay. One (1) water meter and owner pays water/sewer/trash approximately $100 monthly. Property has newer windows (many broken), newer roof.

Last Agent to Sell the Property

Linda Kitts

Kitts Realty Brokerage Phone: 765-661-1069 Listed on: 08/02/2023

Last Buyer's Agent

Linda Kitts

Kitts Realty Brokerage Phone: 765-661-1069 Listed on: 08/02/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 75 x 75
  • Fenced Yard
  • Chain Link Fence
  • Corner Lot

Home Design

  • Duplex
  • Contemporary Architecture
  • Asphalt Roof

Interior Spaces

  • 1,644 Sq Ft Home
  • 1.5-Story Property
  • Wood Flooring
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Block Basement Construction
  • Crawl Space

Schools

  • Riverview/Justice Elementary School
  • Mcculloch/Justice Middle School
  • Marion High School

Additional Features

  • Covered Patio or Porch
  • Suburban Location
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 27-07-06-403-038.000-002

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 123
  • Style: One and Half Story
  • Architectural Style: Contemporary
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 16-02-279.02 PT W 1/2 W SE SEC 6 .10A
  • Parcel Number ID: 27-07-06-403-038.000-002
  • Platted: Yes
  • Amenities: Fenced Yard, Porch Covered
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1150
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 1644
  • Total Finished Sq Ft: 1644
  • Above Grade Finished Sq Ft: 1644
  • Price Per Sq Ft: 7
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Wood

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt
  • Fence: Chain Link
  • Stories: 1.5

Utilities

  • Heating Fuel: Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Water Company: Marion Utilities
  • Cable Company: Spectrum
  • Annual Insurance Expense: 600
  • Annual Water Sewer Expense: 1200
  • Number Electric Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • School District: Marion Community Schools
  • Elementary School: Riverview/Justice
  • Middle School: McCulloch/Justice
  • High School: Marion
  • Elementary School: Riverview/Justice

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 75 X 75
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric, Heating

Tax Info

  • Total Assessed Value: 30600
  • Annual Property Tax: 612

Multi Family

  • Gross Monthly Rent: 1150
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1

MLS Schools

  • High School: Marion
  • Middle School: McCulloch/Justice
  • School District: Marion Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2025
Sold by
Koger Michael
Bought by
Schrink Nathan and Smith Alexander
Current Estimated Value
$75,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Outstanding Balance
$91,456
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
-$15,858

Purchase Details

Closed on
Mar 25, 2024
Sold by
Travis Mikel
Bought by
Koger Michael

Purchase Details

Listed on
Aug 2, 2023
Closed on
Aug 21, 2023
Sold by
Precious Props Llc
Bought by
Travis Mikel
Seller's Agent
Linda Kitts
Kitts Realty
Buyer's Agent
Linda Kitts
Kitts Realty
List Price
$11,500
Sold Price
$11,500
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
143.09%

Purchase Details

Closed on
Oct 8, 2019
Sold by
Weiland Timothy G
Bought by
Precious Props Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
3.5%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Schrink Nathan -- None Listed On Document
Koger Michael -- None Listed On Document
Travis Mikel -- None Listed On Document
Precious Props Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schrink Nathan $92,000
Previous Owner Precious Props Llc $42,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2023 08/22/23 Sold $11,500 0.0% $7 / Sq Ft
08/04/2023 08/04/23 Pending -- -- --
08/02/2023 08/02/23 For Sale $11,500 -- $7 / 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 $578 $28,900 $3,500 $25,400
2023 $612 $30,600 $3,500 $27,100
2022 $612 $30,600 $3,500 $27,100
2021 $516 $25,800 $3,500 $22,300
2020 $516 $25,800 $3,500 $22,300
2019 $332 $16,600 $3,500 $13,100
2018 $332 $16,600 $3,500 $13,100
2017 $332 $16,600 $3,500 $13,100
2016 $332 $16,600 $3,500 $13,100
2014 $332 $16,600 $3,500 $13,100
2013 $332 $19,900 $3,500 $16,400
Source: Public Records

Agents Affiliated with this Home

  • Linda Kitts

    Seller's Agent in 2023

    Linda Kitts

    Kitts Realty

    (765) 661-1069

    2 in this area

    111 Total Sales

    Linda Kitts
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Map

Source: Indiana Regional MLS

MLS Number: 202327257

Indiana Regional MLS

APN: 27-07-06-403-038.000-002

Indiana Grant County Marion 46953 Downtown Marion

701 S Nebraska St, Marion, IN

This home is located at 701 S Nebraska St, Marion, IN 46953 since 02 August 2023 and is currently estimated at $75,598, approximately $45 per square foot. This property was built in 1900. 701 S Nebraska St is a home located in Grant County with nearby schools including Riverview Elementary School, Justice Thurgood Marshall Intermediate School, and John L. McCulloch Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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