NOT LISTED FOR SALE

843 W Acres Dr Spencer, IN 47460

Estimated Value: $115,000 - $235,000

4 Beds
2 Baths
1,560 Sq Ft
$122/Sq Ft Est. Value

Last Sold July 12, 2021

Last sale price $145,000 $93 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,175/month

2 Days on Market

Highlights

  • Covered Patio or Porch
  • Central Air
  • 1-Story Property
  • Eat-In Kitchen

About This Home

As of July 2021

Well maintained duplex. Units are 2 bedroom, 1 bath, washer/dryer hook ups. Large front yard. Easy access to SR46 W and just 2 miles from Spencer

Last Buyer's Agent

Heather Anderson

Blackwell Contractors Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,393

Year Built

  • Built in 1996

Lot Details

  • 1.01 Acre Lot
  • Sloped Lot

Home Design

  • Duplex
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Laminate Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Air
  • Heating System Uses Gas
  • Septic System

Listing and Financial Details

  • Tenant pays for cooling, electric, heating, trash collection, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 60-11-14-200-110.015-027

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,393

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1996
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: PT S1/2 NW S14 T10 R4 1.01 ACRES
  • Parcel Number ID: 60-11-14-200-110.015-027
  • Platted: Yes
  • Amenities: Eat-In Kitchen, Porch Covered
  • Sp Lp Percent: 95.46
  • Monthly Gross Income: 1150
  • Special Features: None

Interior Features

  • Total Sq Ft: 1560
  • Total Finished Sq Ft: 1560
  • Above Grade Finished Sq Ft: 1560
  • Price Per Sq Ft: 92.95
  • Basement Foundation: Slab
  • Flooring: Laminate
  • Main Level Sq Ft: 1560
  • Number Of Disposals: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 6
  • Parking: Gravel

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: Septic
  • Water Utilities: City
  • Electric Company: REMC
  • Gas Company: Community NatGas(Spencer)
  • Water Company: BBP
  • Annual Insurance Expense: 1200
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

  • School District: Spencer-Owen Community Schools
  • Elementary School: Spencer
  • Middle School: Owen Valley
  • High School: Owen Valley

Lot Info

  • Lot Description: Slope
  • Lot Dimensions: IRREGULAR
  • Estimated Lot Sq Ft: 43996
  • Estimated Lot Size Acres: 1.01

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cooling, Electric, Heating, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1150
  • Number Of Dishwashers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1392.6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2021
Closed on
Jul 12, 2021
Sold by
Herrington Bryan
Bought by
Vella Emily and Vella Andras James
Buyer's Agent
Heather Anderson
Blackwell Contractors Inc.
List Price
$151,900
Sold Price
$145,000
Premium/Discount to List
-$6,900
-4.54%
Current Estimated Value
$190,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,279
Avg. Annual Appreciation
2.85%
Original Mortgage
$120,000
Outstanding Balance
$102,456
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$60,419

Purchase Details

Listed on
Mar 6, 2014
Closed on
Apr 4, 2014
Sold by
White Dennis H and White Barbara L
Bought by
Herrington Bryan
Seller's Agent
Chris Wesley
RE/MAX Select Associates, Inc.
Buyer's Agent
Chris Wesley
RE/MAX Select Associates, Inc.
List Price
$59,000
Sold Price
$55,000
Premium/Discount to List
-$4,000
-6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.24%
Original Mortgage
$40,000
Interest Rate
4.31%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Vella Emily -- None Available
Herrington Bryan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vella Emily $120,000
Previous Owner Herrington Bryan $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2021 07/12/21 Sold $145,000 -4.5% $93 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
07/10/2021 07/10/21 For Sale $151,900 +176.2% $97 / Sq Ft
04/04/2014 04/04/14 Sold $55,000 -6.8% --
03/14/2014 03/14/14 Pending -- -- --
03/06/2014 03/06/14 For Sale $59,000 -- --
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 $1,660 $116,000 $25,100 $90,900
2023 $1,656 $108,300 $25,100 $83,200
2022 $1,599 $97,800 $25,100 $72,700
2021 $1,025 $88,600 $25,100 $63,500
2020 $913 $81,000 $25,100 $55,900
2019 $1,393 $73,500 $20,000 $53,500
2018 $742 $66,200 $16,000 $50,200
2017 $670 $61,300 $16,000 $45,300
2016 $664 $62,000 $16,000 $46,000
2014 $649 $59,400 $16,000 $43,400
2013 -- $86,200 $16,000 $70,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202127707

Indiana Regional MLS

APN: 60-11-14-200-110.015-027