NOT LISTED FOR SALE

717 W 3rd St Unit 3 Marion, IN 46952

Garfield Neighborhood

Estimated Value: $57,000 - $251,000

5 Beds
4 Baths
2,236 Sq Ft
$80/Sq Ft Est. Value

Last Sold September 14, 2022

Last sale price $60,000 $27 Per Sq Ft

Est. 199% increase in value since last sale

Current estimated payment $1,216/month

22 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Laundry in Utility Room
  • Porch
  • Entrance Foyer
  • Level Lot

About This Home

As of September 2022

This property will be sold with 312 Horace Mann Court, directly behind. The Listed price is for both houses. Total 4 units.

Last Listed By

Carolyn Swan

Swan Real Estate Management Listed on: 08/23/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 8,448 Sq Ft Lot
  • Lot Dimensions are 64x132
  • Level Lot

Home Design

  • Triplex
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Entrance Foyer
  • Wood Flooring
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Parking

  • 1 Parking Space
  • Driveway

Outdoor Features

  • Porch

Schools

  • Frances Slocum/Justice Elementary School
  • Mcculloch/Justice Middle School
  • Marion High School

Utilities

  • Heating System Uses Gas
  • Community Well
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electric, heating, lawn maintenance, sewer, snow removal, trash collection, water
  • The owner pays for water
  • Assessor Parcel Number 27-07-06-301-060.000-002

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • White Subdivision

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 2 Separate Water Meters
  • Insurance Expense $2,424
  • Maintenance Expense $1,000
  • Water Sewer Expense $660

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 122
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: 16-07-1692 Lot 71 EX 2' W/SD WHITES 5TH ADD
  • Parcel Number ID: 27-07-06-301-060.000-002
  • Platted: Yes
  • Amenities: Basement, Countertops-Laminate, Eat-In Kitchen, Foyer Entry, Porch Open, Water Heater Electric, Washer Hook-Up
  • Cross Street: Horace Mann Court
  • Inside City Limits: Yes
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 80.11
  • Monthly Gross Income: 1500
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 2624
  • Total Finished Sq Ft: 2236
  • Above Grade Finished Sq Ft: 2236
  • Below Grade Sq Ft: 388
  • Price Per Sq Ft: 26.83
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Wood
  • Total Below Grade Sq Ft: 388
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 1

Utilities

  • Heating Fuel: Electricity, Gas
  • Sewer: City
  • Water Utilities: City
  • Well Type: Community
  • Annual Insurance Expense: 2424
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 660
  • Number Electric Meters: 3
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 2

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 64x132
  • Estimated Lot Sq Ft: 8448
  • Estimated Lot Size Acres: 0.2

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Water
  • Tenant Pays: Electric, Heating, Lawn Maintenance, Sewer, Snow Removal, Trash Collection, Water

Tax Info

  • Total Assessed Value: 75300
  • Annual Property Tax: 1506

Multi Family

  • Gross Monthly Rent: 1500
  • Number Of Refrigerators: 2
  • Number Of Units: 3
  • Number Of 3 Bedrooms: 1
  • Num Of Efficiencies: 2

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
Aug 18, 2023
Sold by
Upcycle Me Realty Llc
Bought by
Hack Realty Llc
Total Days on Market
22
Current Estimated Value
$179,432

Purchase Details

Closed on
Aug 17, 2023
Sold by
Schwartz Jeffrey
Bought by
Upcycle Me Realty Llc

Purchase Details

Listed on
Aug 23, 2022
Closed on
Sep 16, 2022
Sold by
Vernal Marcella Swan Family Trust
Bought by
Schwartz Jeff
Seller's Agent
Carolyn Swan
Swan Real Estate Management
Buyer's Agent
Franki Dials
F.C. Tucker Fort Wayne
List Price
$74,900
Sold Price
$60,000
Premium/Discount to List
-$14,900
-19.89%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.54%

Purchase Details

Closed on
Feb 3, 2014
Sold by
Swan Carol S
Bought by
Vernal Marcella Swan Family Trust 2

Range of Values:

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Average Value
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List Price
Sold Price
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Similar Home in Marion, IN

  • 717 W 3rd St, Marion, IN 46952

    $139,900

    • 5 Beds
    • 3.5 Baths
    • 2,236 Sq Ft
    • 717 W 3rd St
    • Marion, IN

    Motivated Seller!! This immediate cashflow property would be a great house hacking opportunity where the home owner could live in the middle unit and get rent income from the two studio apartments. The middle unit has 3 bed, 1.5 bath and has been remodeled with new flooring throughout, fresh paint, new kitchen, new half bath and some new windows. It has a large covered porch that would be great

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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
Hack Realty Llc $72,000 None Listed On Document
Upcycle Me Realty Llc $110,000 None Listed On Document
Schwartz Jeff -- --
Vernal Marcella Swan Family Trust 2 -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2022 09/14/22 Sold $60,000 -19.9% $27 / Sq Ft
08/23/2022 08/23/22 For Sale $74,900 -- $33 / 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 $2,526 $126,300 $7,600 $118,700
2023 $1,506 $75,300 $7,600 $67,700
2022 $1,506 $75,300 $7,400 $67,900
2021 $1,506 $75,300 $7,400 $67,900
2020 $1,506 $75,300 $7,400 $67,900
2019 $1,506 $75,300 $7,400 $67,900
2018 $1,506 $75,300 $7,400 $67,900
2017 $1,516 $75,400 $7,400 $68,000
2016 $1,516 $75,400 $7,400 $68,000
2014 $1,513 $75,300 $7,400 $67,900
2013 $1,513 $105,900 $7,400 $98,500
Source: Public Records

Agents Affiliated with this Home

  • Carolyn Swan

    Seller's Agent in 2022

    Carolyn Swan

    Swan Real Estate Management

    (765) 206-0237

    2 in this area

    15 Total Sales

    Carolyn Swan
    Section Image
  • Franki Dials

    Buyer's Agent in 2022

    Franki Dials

    F.C. Tucker Fort Wayne

    (806) 789-8252

    2 in this area

    41 Total Sales

    Franki Dials
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202235156

Indiana Regional MLS

APN: 27-07-06-301-060.000-002

Indiana Grant County Marion 46952 Garfield

717 W 3rd St Unit 3, Marion, IN

Homes for Sale in Marion, IN

This home is located at 717 W 3rd St Unit 3, Marion, IN 46952 since 23 August 2022 and is currently estimated at $179,432, approximately $80 per square foot. This property was built in 1900. 717 W 3rd St Unit 3 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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