NOT LISTED FOR SALE

740 E State St Albany, IN 47320

Estimated Value: $191,000 - $274,000

6 Beds
4 Baths
2,650 Sq Ft
$83/Sq Ft Est. Value

Sale Details

Date Sold: September 17, 2024

Last sale price $249,900 $94 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $1,436 / mo

17 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • Wood Siding
  • Delta High School Rated A-

About This Home

As of September 2024

4 unit property available! There are 2 units with 2 bedrooms/1 bath and 2 units with 1 bedroom/1 bath. Unit 1 is currently vacant and being advertised for rent. Unit 2 is rented at $695 a month, $695 deposit, and lease ends 4-30-25. Unit 3 is rented at $650 a month, $650 deposit, and lease ends 5-30-25. Unit 4 is rented at $650 a month, $650 deposit, and lease ends 7-30-24. Tenants pay gas and electric. Owner pays W/T/S. Each unit has a washer/dryer hookup. Add this fantastic property to your portfolio today! Possible package deal with: 1617 W 10th St Muncie (Coming soon 7/22) 1712 W 7th St Muncie 1632 W 17th St Anderson 2309 Nichol Ave Anderson

Last Agent to Sell the Property

Heather Clemmons

Starr Real Estate LLC Brokerage Phone: 765-288-1711 Listed on: 07/16/2024

Last Buyer's Agent

Heather Clemmons

Starr Real Estate LLC Brokerage Phone: 765-288-1711 Listed on: 07/16/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,700

Year Built

  • Built in 1890

Lot Details

  • 11,500 Sq Ft Lot
  • Lot Dimensions are 920x1250

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Albany Elementary School
  • Delta Middle School
  • Delta High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for sewer, tax, trash collection, water
  • Assessor Parcel Number 18-08-01-186-010.000-005

Community Details

Overview

  • 4 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,700

Year Built

Built in 1890

Lot Details

0.26 Acres

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1890
  • Style: Two Story
  • Bedrooms: 6
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: ALBANY L CO SUB 0.0000ACRES STR: 012111 IN: 5-6 OUT:
  • Parcel Number ID: 18-08-01-186-010.000-005
  • Platted: Yes
  • Amenities: Porch Covered
  • Special Features: None

Interior Features

  • Total Sq Ft: 3132
  • Total Finished Sq Ft: 2650
  • Above Grade Finished Sq Ft: 2650
  • Below Grade Sq Ft: 482
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 482

Exterior Features

  • Exterior: Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Of W D Hookups: 4
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Albany

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 920X1250
  • Estimated Lot Sq Ft: 11500
  • Estimated Lot Size Acres: 0.26

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Electric, Heating

Tax Info

  • Annual Property Tax: 2700

Multi Family

  • Number Of Units: 4
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 2

MLS Schools

  • High School: Delta
  • Middle School: Delta
  • School District: Delaware Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2024
Closed on
Aug 27, 2024
Sold by
Arex Holdings Llc
Bought by
Ramirez Clemente
Seller's Agent
Heather Clemmons
Starr Real Estate LLC
Buyer's Agent
Heather Clemmons
Starr Real Estate LLC
List Price
$249,900
Sold Price
$249,900
Views
8
Current Estimated Value
$219,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,722
Avg. Annual Appreciation
-7.78%
Original Mortgage
$187,425
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2023
Sold by
Oaks Hyrum
Bought by
Five Stream Ventures Llc

Purchase Details

Closed on
Feb 1, 2023
Sold by
Five Stream Ventures Llc
Bought by
Arex Holdings Llc

Purchase Details

Listed on
Apr 18, 2019
Closed on
Aug 30, 2019
Sold by
Cox Beth A and Cox Charles Jonas
Bought by
Oaks Hyrum
Seller's Agent
Ryan Kramer
RE/MAX Real Estate Groups
Buyer's Agent
Brandon Greenberg
List Price
$129,900
Sold Price
$92,500
Premium/Discount to List
-$37,400
-28.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.83%
Original Mortgage
$64,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2017
Sold by
Cox Beth A
Bought by
Cox Beth A and Cox Charles Jonas

Purchase Details

Closed on
Dec 16, 2008
Sold by
Baker Shadrick S
Bought by
Cox John E and Cox Beth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,281
Interest Rate
6.3%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Ramirez Clemente -- Omnia Title
Ramirez Clemente $249,900 Omnia Title
Five Stream Ventures Llc -- None Listed On Document
Arex Holdings Llc -- None Listed On Document
Oaks Hyrum -- Investors Title Service Inc
Cox Beth A -- --
Cox John E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramirez Clemente $187,425
Previous Owner Oaks Hyrum $64,500
Previous Owner Cox John E $111,281
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/17/2024 09/17/24 Sold $249,900 0.0% $94 / Sq Ft
08/02/2024 08/02/24 Pending -- -- --
07/16/2024 07/16/24 For Sale $249,900 +170.2% $94 / Sq Ft
09/03/2019 09/03/19 Sold $92,500 -15.8% $26 / Sq Ft View Prior Sale
07/02/2019 07/02/19 Pending -- -- --
05/28/2019 05/28/19 Price Changed $109,900 -8.3% $31 / Sq Ft
05/13/2019 05/13/19 Price Changed $119,900 -7.7% $33 / Sq Ft
04/18/2019 04/18/19 For Sale $129,900 -- $36 / Sq Ft
Source: Indiana Regional MLS

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
2025 $3,285 $163,700 $9,900 $153,800
2024 $2,683 $133,600 $9,900 $123,700
2023 $2,683 $133,600 $9,900 $123,700
2022 $2,713 $135,100 $9,900 $125,200
2021 $2,491 $124,000 $9,900 $114,100
2020 $1,863 $124,000 $9,900 $114,100
2019 $1,913 $114,500 $9,900 $104,600
2018 $1,823 $114,200 $9,900 $104,300
2017 $1,803 $113,100 $9,900 $103,200
2016 $1,812 $113,100 $9,900 $103,200
2014 $1,708 $116,500 $9,400 $107,100
2013 -- $115,300 $9,400 $105,900
Source: Public Records

Agents Affiliated with this Home

  • Heather Clemmons

    Seller's Agent in 2024

    Heather Clemmons

    Starr Real Estate LLC

    (765) 288-1711

    11 in this area

    459 Total Sales

    Heather Clemmons
    Section Image
  • Ryan Kramer

    Seller's Agent in 2019

    Ryan Kramer

    RE/MAX Real Estate Groups

    (765) 717-2489

    11 in this area

    539 Total Sales

    Ryan Kramer
    Section Image

  • B

    Buyer's Agent in 2019

    Brandon Greenberg

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202426370

Indiana Regional MLS

APN: 18-08-01-186-010.000-005

Indiana Delaware County Albany 47320

740 E State St, Albany, 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.

Indiana Regional MLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

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