$35,500
SOLD SEP 8, 2016

702 W 5th St Anderson, IN 46016

-- Bed
-- Bath
2,000 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$18 Per Sq Ft

27% Below List Price

172 Days on Market

About This Home

As of January 2023

Four each 1-bedroom apartments that have recently been updated and freshly painted throughout. Great income potential!

Last Agent to Sell the Property

Michael Lawson

RE/MAX Real Estate Solutions License #RB14030214 Listed on: 03/09/2016

RE/MAX Real Estate Solutions

Last Buyer's Agent

Jeff Weightman

Weightman Realty Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $620

Year Built

  • Built in 1905

Home Design

  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 6,970 Sq Ft Lot

Community Details

  • Howards Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, trash collection, water
  • Assessor Parcel Number 481112302219000003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$620

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TradAmer
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2013
  • Year Built: 1905
  • Lot Size Acres: 0.16
  • Structure Type: Quadruplex
  • Subdivision Name: HOWARDS
  • Inspection Warranties: Not Applicable
  • Property Description: Four each 1-bedroom apartments that have recently been updated and freshly painted throughout. Great income potential!
  • Transaction Type: Sale
  • Unit Count: 4
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Gas, Trash Collection, Water
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Other

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • List Price: 43900

Garage/Parking

  • Unit Parking: Parking Lot

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 0

Lot Info

  • Parcel Number: 481112302219000003
  • Acres: <1/4 Acre
  • Lot Information: Not Applicable
  • Lot Number: 530
  • Lot Size: 50x144

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 620
  • Semi Annual Property Tax Amt: 310
  • Tax Exemption: None

MLS Schools

  • School District: Anderson Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Jan 10, 2023
Sold by
Chen Li Feng
Bought by
Amamathanderson Llc
Seller's Agent
Jeff Weightman
Weightman Realty Group, LLC
Buyer's Agent
Jeff Weightman
Weightman Realty Group, LLC
List Price
$120,000
Sold Price
$75,000
Premium/Discount to List
-$45,000
-37.5%
Views
136
Current Estimated Value
$107,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,019
Avg. Annual Appreciation
15.28%
Original Mortgage
$86,680
Interest Rate
6.33%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 9, 2016
Closed on
Sep 8, 2016
Sold by
M Jewell Llc
Bought by
Chen Li Feng
Seller's Agent
Michael Lawson
RE/MAX Real Estate Solutions
Buyer's Agent
Jeff Weightman
Weightman Realty Group, LLC
List Price
$48,500
Sold Price
$35,500
Premium/Discount to List
-$13,000
-26.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.52%

Purchase Details

Closed on
Sep 26, 2013
Sold by
Madison County Auditor
Bought by
M Jewell Llc

Purchase Details

Closed on
Jul 25, 2011
Sold by
Seleyman Mark
Bought by
Jones Ora

Purchase Details

Closed on
Jul 14, 2009
Sold by
Deutsche Bank National Trust Co
Bought by
Seleyman Mark and Seleyman Kelly

Purchase Details

Closed on
Feb 13, 2009
Sold by
Bontrager Alan L
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Oct 4, 2005
Sold by
Keesling Jack R
Bought by
Bontrager Alan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
8.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Warranty Deed $75,000 Absolute Title Inc
Warranty Deed -- --
Warranty Deed -- --
Sheriffs Deed -- --
Warranty Deed $500 --
Special Warranty Deed -- --
Sheriffs Deed $28,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $112,700 Credit Line Revolving
Closed $86,680 Construction
Previous Owner $56,000 Adjustable Rate Mortgage/ARM
Previous Owner $14,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2023 01/10/23 Sold $75,000 -37.5% $38 / Sq Ft
11/10/2022 11/10/22 Pending -- -- --
10/29/2022 10/29/22 For Sale $120,000 0.0% $60 / Sq Ft
10/20/2022 10/20/22 Pending -- -- --
10/15/2022 10/15/22 For Sale $120,000 0.0% $60 / Sq Ft
09/24/2022 09/24/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $120,000 0.0% $60 / Sq Ft
07/25/2022 07/25/22 Pending -- -- --
07/22/2022 07/22/22 For Sale $120,000 +238.0% $60 / Sq Ft
09/08/2016 09/08/16 Sold $35,500 -19.1% $18 / Sq Ft
08/29/2016 08/29/16 Pending -- -- --
03/30/2016 03/30/16 Price Changed $43,900 -9.5% $22 / Sq Ft
03/09/2016 03/09/16 For Sale $48,500 -- $24 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $1,462 $65,800 $6,200 $59,600
2023 $1,100 $60,000 $6,000 $54,000
2022 $1,106 $60,200 $5,700 $54,500
2021 $683 $37,000 $5,600 $31,400
2020 $656 $35,400 $5,400 $30,000
2019 $968 $34,500 $5,400 $29,100
2018 $942 $31,600 $5,400 $26,200
2017 $314 $31,400 $5,400 $26,000
2016 $299 $29,900 $5,400 $24,500
2014 $1,120 $56,000 $6,000 $50,000
2013 $1,120 $56,000 $6,000 $50,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21403261

MIBOR Broker Listing Cooperative®

APN: 48-11-12-302-219.000-003