Seller's Agent in 2024
Jordan Ice
Trueblood Real Estate
(317) 501-4499
1 in this area
15 Total Sales
806 Broad St New Castle, IN 47362
Estimated Value: $39,000 - $128,000
3
Beds
4
Baths
2,068
Sq Ft
$40/Sq Ft
Est. Value
About This Home
As of October 2024Unlock the potential of this gutted triplex, ready for transformation into a high-yield 4-unit Quadplex. This property is primed for the savvy investor willing to do the renovations. Property Details: Current Setup: Triplex, 2 Water Heaters, 3 Electric Panel Boxes. Conversion Potential: 4-unit Quadplex with 1 Bed/1 Bath or Studio apartments Utility Upgrade: Can be upgraded to 4 separate electric meters Renovation Scope: Electrical upgrade needed (suggested upgrades: 4 tankless water heaters, additional electric panel box to have 4 total), Siding repairs, Porch railing replacements, Repainting, Minor foundation repair, Financial Highlights: Section 8 FMR in 47362: Up to $730/month per unit Projected Gross Income: $2,920/month post-renovation This property presents an excellent value-add opportunity with significant upside potential. With the right improvements, you can maximize your ROI and secure steady income.
Last Listed By
Trueblood Real Estate Brokerage Email: jordanice@fmvrei.com License #RB23001166 Listed on: 08/19/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 6,621
Home Design
- Triplex
Schools
- New Castle Middle School
Additional Features
- 2-Story Property
- 6,621 Sq Ft Lot
- Basement
Community Details
- Elders Subdivision
Listing and Financial Details
- Legal Lot and Block 6 / 4
- Assessor Parcel Number 331210341220000016
- Seller Concessions Not Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 19, 2024
Closed on
Oct 4, 2024
Sold by
Weaver Edward Diana
Bought by
Aspen Ridge Real Estate Llc
Seller's Agent
Jordan Ice
Trueblood Real Estate
Buyer's Agent
Jared Smith
Highgarden Real Estate
List Price
$42,400
Sold Price
$40,000
Premium/Discount to List
-$2,400
-5.66%
Total Days on Market
22
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,500
Avg. Annual Appreciation
263.70%
Purchase Details
Closed on
Jan 9, 2019
Sold by
Education Professionals Inc
Bought by
Weaver Edward and Weaver Diana
Purchase Details
Closed on
Jan 31, 2013
Sold by
Educational Professional Inc
Bought by
Jones Diane and Weauer Edusard A
Purchase Details
Closed on
Mar 14, 2012
Sold by
Jones William E and Jones Suzanne E
Bought by
Education Professionals Inc
Purchase Details
Closed on
Jan 18, 2012
Sold by
Education Professionals Inc
Bought by
Jones William E and Jones Suzanne E
Purchase Details
Closed on
Oct 23, 2009
Sold by
Hall Michael O
Bought by
Hall Michael O and Hall Susan M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Aspen Ridge Real Estate Llc | $40,000 | First American Title Insurance | |
| Weaver Edward | $23,600 | Education Professionals Inc D/ | |
| Jones Diane | $23,600 | None Available | |
| Education Professionals Inc | -- | None Available | |
| Jones William E | -- | None Available | |
| Hall Michael O | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Weaver Edward | $15,600 | |
| Closed | Jones Diane | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/08/2024 10/08/24 | Sold | $40,000 | -5.7% | $19 / Sq Ft |
| 09/10/2024 09/10/24 | Pending | -- | -- | -- |
| 08/19/2024 08/19/24 | For Sale | $42,400 | -- | $21 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $816 | $74,900 | $16,800 | $58,100 |
| 2023 | $1,440 | $72,000 | $16,800 | $55,200 |
| 2022 | $1,170 | $58,500 | $8,400 | $50,100 |
| 2021 | $1,224 | $61,200 | $7,300 | $53,900 |
| 2020 | $1,239 | $58,900 | $7,300 | $51,600 |
| 2019 | $1,224 | $59,300 | $7,300 | $52,000 |
| 2018 | $1,180 | $57,300 | $6,700 | $50,600 |
| 2017 | $1,185 | $57,500 | $6,700 | $50,800 |
| 2016 | $1,154 | $56,100 | $6,500 | $49,600 |
| 2014 | $1,164 | $58,200 | $7,600 | $50,600 |
| 2013 | $1,164 | $54,600 | $7,500 | $47,100 |
Source: Public Records
Agents Affiliated with this Home
-
Jordan Ice
-
Jared Smith
Buyer's Agent in 2024
Jared Smith
Highgarden Real Estate
(317) 677-4785
2 in this area
43 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21997271
APN: 33-12-10-341-220.000-016
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