NOT LISTED FOR SALE

8931 E Hatchery Rd Syracuse, IN 46567

Estimated Value: $210,000 - $270,000

4 Beds
2 Baths
1,500 Sq Ft
$158/Sq Ft Est. Value

Last Sold May 11, 2018

Last sale price $128,000 $85 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $1,494/month

234 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Traditional Architecture
  • Forced Air Heating System
  • Lake Property
  • Laundry in Utility Room
  • Wood Siding

About This Home

As of May 2018

Wonderful opportunity to own a cash flowing duplex located with deeded access to Papakeechie Lake and views of Lake Wawasee. Both units are occupied. Tenants pay all utilities and are responsible for lawn mowing and snow removal. Building is in excellent repair. Turnkey opportunity. Tenant to verify schools, taxes, HOA, sq. ft., legal desc. etc. Subject to tenant's rights. Recent upgrades/updates: water system & filtration installed 2017, full renovation unit b 2017, main level update unit a 2016, new gas range 2016, new washer 2016, new dryer 2016, all new windows w/transferrable lifetime warranty 2015.

Last Agent to Sell the Property

Shelley Tucker

Assurance Property Management & Realty Inc Listed on: 08/11/2017

Last Buyer's Agent

Daniel Harstine

Integrity Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $643

Year Built

  • Built in 1978

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 79 x 135
  • Sloped Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 4 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Access To Lake
  • Lake Property

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating, lawn maintenance
  • The owner pays for association dues, building insurance, maintenance, trash collection
  • Assessor Parcel Number 43-04-26-100-449.000-025

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $1,200
  • Maintenance Expense $500
  • Trash Expense $540

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$643

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1978
  • Age: 40
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 007-101-038 W 23 ft lot 54 less 2 50 ft lot 55 Papakeechie Corp sd 5
  • Parcel Number ID: 43-04-26-100-449.000-025
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Cable Available, Countertops-Laminate, Deck Open, Detector-Smoke, Washer Hook-Up
  • Cross Street: Circle
  • Location: Lake
  • Sp Lp Percent: 94.89
  • Annual Miscellaneous: 440
  • Monthly Gross Income: 1300
  • Special Features: None

Interior Features

  • Total Sq Ft: 2250
  • Total Finished Sq Ft: 1500
  • Above Grade Finished Sq Ft: 1500
  • Below Grade Sq Ft: 750
  • Price Per Sq Ft: 85.33
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 750
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum, Wood
  • Roof Material: Asphalt, Shingle
  • Water Features: Walk to Lake Access, Deeded
  • Water Name: Papakeechie Lake
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Gas Company: NIPSCO
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 500
  • Annual Trash Expense: 540
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Association Fees: 440
  • Common Amenities: Laundry Facilities

Schools

  • School District: Wawasee
  • Elementary School: Syracuse
  • Middle School: Wawasee
  • High School: Wawasee

Lot Info

  • Lot Description: Slope
  • Lot Dimensions: 79 x 135
  • Estimated Lot Sq Ft: 10454
  • Estimated Lot Size Acres: 0.24

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Association Dues, Building Insurance, Maintenance, Trash Collection
  • Tenant Pays: Cable, Cooling, Electric, Heating, Lawn Maintenance

Multi Family

  • Gross Monthly Rent: 1300
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 643

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2018
Sold by
Deblock Austin
Bought by
Deblock Austin
Current Estimated Value
$248,710

Purchase Details

Listed on
Aug 11, 2017
Closed on
May 11, 2018
Sold by
Brandon
Bought by
Austin Deblock
Seller's Agent
Shelley Tucker
Assurance Property Management & Realty Inc
Buyer's Agent
Daniel Harstine
Integrity Real Estate
List Price
$139,900
Sold Price
$128,000
Premium/Discount to List
-$11,900
-8.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.45%
Original Mortgage
$125,681
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 16, 2011
Closed on
Jun 25, 2012
Sold by
Hoffer Ryan Scott
Bought by
Griffith Brandon J and Griffith Janette S
Seller's Agent
Jason Nunemaker
Gateway Realty
Buyer's Agent
Mary Dale
Coldwell Banker Real Estate Group
List Price
$85,000
Sold Price
$83,000
Premium/Discount to List
-$2,000
-2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.65%
Original Mortgage
$62,250
Interest Rate
3.83%
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
Deblock Austin -- None Available
Austin Deblock $128,000 --
Deblock Austin $128,000 Metropolitan Title Of In Llc
Griffith Brandon J -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deblock Austin $119,611
Previous Owner Deblock Austin $125,681
Previous Owner Griffith Brandon J $62,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2018 05/11/18 Sold $128,000 -8.5% $85 / Sq Ft
04/02/2018 04/02/18 Pending -- -- --
08/11/2017 08/11/17 For Sale $139,900 +68.6% $93 / Sq Ft
06/25/2012 06/25/12 Sold $83,000 -2.4% $55 / Sq Ft
05/14/2012 05/14/12 Pending -- -- --
08/16/2011 08/16/11 For Sale $85,000 -- $57 / 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 $1,585 $179,700 $50,600 $129,100
2023 $1,484 $165,000 $45,800 $119,200
2022 $1,367 $152,400 $45,800 $106,600
2021 $1,004 $111,700 $20,700 $91,000
2020 $887 $107,400 $18,200 $89,200
2019 $811 $87,700 $17,200 $70,500
2018 $232 $87,700 $17,200 $70,500
2017 $702 $78,100 $17,500 $60,600
2016 $612 $78,100 $17,500 $60,600
2014 $663 $77,000 $17,500 $59,500
2013 $663 $80,600 $17,500 $63,100
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Shelley Tucker

    Assurance Property Management & Realty Inc

    (574) 320-3300

    62 Total Sales

    Section Image
  • Daniel Harstine

    Buyer's Agent in 2018

    Daniel Harstine

    Integrity Real Estate

    (574) 551-7644

    194 Total Sales

    Section Image

  • J

    Seller's Agent in 2012

    Jason Nunemaker

    Gateway Realty

  • Mary Dale

    Buyer's Agent in 2012

    Mary Dale

    Coldwell Banker Real Estate Group

    (574) 221-9091

    468 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201737262

Indiana Regional MLS

APN: 43-04-26-100-449.000-025

Indiana Kosciusko County Syracuse 46567

8931 E Hatchery Rd, Syracuse, IN

This home is located at 8931 E Hatchery Rd, Syracuse, IN 46567 since 11 August 2017 and is currently estimated at $237,564, approximately $158 per square foot. This property was built in 1978. 8931 E Hatchery Rd is a home located in Kosciusko County with nearby schools including Wawasee 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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