NOT LISTED FOR SALE

722 S Main St Kendallville, IN 46755

Estimated Value: $159,000 - $202,000

4 Beds
2 Baths
1,768 Sq Ft
$101/Sq Ft Est. Value

Last Sold October 03, 2012

Last sale price $57,750 $33 Per Sq Ft

Est. 209% increase in value since last sale

Current estimated payment $1,151/month

103 Days on Market

Highlights

  • Fenced Yard
  • Patio
  • Ceiling Fan
  • Porch
  • Forced Air Heating System
  • 4-minute walk to Sunset Park

About This Home

As of October 2012

Investors could gross $1,000 per month or more with this duplex that had a new ROOF installed in December 2011 and a new FURNACE in one of the units. Owner occupants could live in one side and rent out the other. This property could also be converted into a 1,768 square foot single-family home. The two sides are largely identical with lots of UPDATES including CARPET & WOOD LAMINATE FLOORING, PAINTS, WINDOWS, AND REMODELED BATHROOMS. Both sides have their own PATIOS, APPLIANCES, and separate basements. Rent is currently $475 per month per side. There is a 2-car GARAGE with separate entrances for each side that rents for an additional $25 each per month. There is a PAVED DRIVEWAY as well. Each apartment has 2 bedrooms and off-street parking for multiple vehicles. There is separate utilities on each side. Taxes are low; with a homestead and mortgage exemption in place.

Last Agent to Sell the Property

Andy Zoda

Coldwell Banker Real Estate Gr Listed on: 03/29/2012

Coldwell Banker Real Estate Gr

Co-Listed By

Linda Sweet-Blanzy

Coldwell Banker Real Estate Gr

Last Buyer's Agent

Tina Craft

Hosler Realty Inc - Kendallville

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $545

Year Built

  • Built in 1900

Lot Details

  • 0.35 Acre Lot
  • Fenced Yard
  • Level Lot

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Laminate

Parking

  • Garage
  • Off-Street Parking

Outdoor Features

  • Patio
  • Porch

Location

  • Suburban Location

Schools

  • South Side Elementary School
  • East Noble Middle School
  • East Noble High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Homestead Exemption
  • Tenant pays for cable, electric, fuel, heating, sewer, water
  • The owner pays for building insurance, lawn maintenance, maintenance, parking, snow removal, tax, trash collection
  • Assessor Parcel Number 570904400469000004

Community Details

Overview

  • 2 Units
  • Idding Subdivision

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $600
  • Trash Expense $264

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$545

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Style: Two Story
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: S43'10 unrec plat Iddings 2nd Add Lot 14 Pt Nw1/4 Nw1/4 Sec 4 |
  • Parcel Number ID: 570904400469000004
  • Platted: Yes
  • Amenities: Ceiling Fan, Fenced Yard, Off Street Parking, Near Walking Trail, Patio Open, Porch Open, Water Heater Gas
  • Location: City/Town/Suburb
  • Section Number: 4
  • State Id: 57-09-04-400-469.000-004
  • Special Features: None

Interior Features

  • Total Sq Ft: 2912
  • Total Finished Sq Ft: 1768
  • Above Grade Finished Sq Ft: 1768
  • Below Grade Sq Ft: 1144
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 1144
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Annual Insurance Expense: 600
  • Annual Trash Expense: 264
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: South Side

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 0.35 acres
  • Estimated Lot Sq Ft: 15246
  • Estimated Lot Size Acres: 0.35
  • Lot Number: 14

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Parking, Snow Removal, Tax, Trash Collection
  • Tenant Pays: Cable, Electric, Fuel, Heating, Sewer, Water

Tax Info

  • Exemptions: Homestead, Mortgage
  • Annual Property Tax: 544.88

Multi Family

  • Number Of Dishwashers: 2
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 2

MLS Schools

  • High School: East Noble
  • Middle School: East Noble
  • School District: East Noble Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2012
Closed on
Oct 3, 2012
Sold by
Margaret Ward
Bought by
Timothy J Tumbleson
Seller's Agent
Andy Zoda
Coldwell Banker Real Estate Gr
Buyer's Agent
Tina Craft
Hosler Realty Inc - Kendallville
List Price
$67,900
Sold Price
$57,750
Premium/Discount to List
-$10,150
-14.95%
Current Estimated Value
$178,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,662
Avg. Annual Appreciation
9.01%
Source: Public Records

Range of Values:

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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
Timothy J Tumbleson $57,800 Riverbend Title Llc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2012 10/03/12 Sold $57,750 -14.9% $33 / Sq Ft
07/10/2012 07/10/12 Pending -- -- --
03/29/2012 03/29/12 For Sale $67,900 -- $38 / 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 $2,612 $120,000 $12,500 $107,500
2023 $2,614 $117,400 $12,000 $105,400
2022 $2,516 $115,600 $11,600 $104,000
2021 $2,258 $102,700 $11,100 $91,600
2020 $2,034 $91,700 $9,700 $82,000
2019 $1,731 $76,900 $7,900 $69,000
2018 $1,586 $75,300 $7,700 $67,600
2017 $1,421 $70,800 $7,700 $63,100
2016 $1,461 $72,800 $10,400 $62,400
2014 $1,492 $74,600 $10,400 $64,200
Source: Public Records

Agents Affiliated with this Home

  • Andy Zoda

    Seller's Agent in 2012

    Andy Zoda

    Coldwell Banker Real Estate Gr

    (260) 413-7468

    292 Total Sales

    Andy Zoda
    Section Image

  • L

    Seller Co-Listing Agent in 2012

    Linda Sweet-Blanzy

    Coldwell Banker Real Estate Gr

  • T

    Buyer's Agent in 2012

    Tina Craft

    Hosler Realty Inc - Kendallville

    (260) 564-0469

    47 Total Sales

    Tina Craft
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201203545

Indiana Regional MLS

APN: 570904400469000004

Indiana Noble County Kendallville 46755

722 S Main St, Kendallville, IN

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.

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