NOT LISTED FOR SALE

9227 S 900 W West Point, IN 47992

Estimated Value: $173,959 - $357,000

3 Beds
2 Baths
3,740 Sq Ft
$60/Sq Ft Est. Value

Last Sold July 31, 2019

Last sale price $132,000 $35 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $1,377/month

5 Days on Market

Highlights

  • Detached Second Garage
  • 2 Car Detached Garage
  • Luxury Vinyl Tile Flooring
  • Corner Lot
  • Eat-In Kitchen
  • Forced Air Heating System

About This Home

As of July 2019

INVESTMENT OPPORTUNITY ON MAIN STATE ROAD - LARGE SHOP/BUILDING OFFERING FRONT OFFICE, PRIVATE BATH KITCHEN AND LARGE WORK SHOP (3-PHASE POWER, PAINT BOOTH, OVERHEAD LIGHTING PLUS MORE). NEWER MECHANICAL SYSTEMS, WINDOWS, ROOF, SIDING, INTERIOR AND EXTERIOR ALL IN PAST 5 YEARS. PROPERTY ALSO INCLUDES 3 BEDROOM RENTAL HOUSE WITH 10 YEAR TENANT, 2 CAR DETACHED GARAGE, REVENUE FROM BILLBOARD AND PARKING LOT SPACE. OVER $2400/MO IN POTENTIAL REVENUE OR RUN YOUR OWN BUSINESS OUT OF THE PROPERTY.

Last Listed By

Brett Lueken

Century 21 The Lueken Group Listed on: 07/08/2019

Century 21 The Lueken Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,144

Year Built

  • Built in 1973

Lot Details

  • 1.66 Acre Lot
  • Property fronts a state road
  • Corner Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 3,740 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Eat-In Kitchen

Flooring

  • Carpet
  • Concrete
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Detached Second Garage

Schools

  • Mintonye Elementary School
  • Southwestern Middle School
  • Mc Cutcheon High School

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Private Water Source
  • Private Company Owned Well
  • Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • Tenant pays for cooling, electric, lawn maintenance, snow removal, trash collection, water
  • The owner pays for building insurance, tax
  • Assessor Parcel Number 79-13-11-100-007.000-006

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Community Storage Space

Building Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,144

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1973
  • Age: 46
  • Style: One Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: N S W NW SEC 11 TWP 21 R6 1.66 A
  • Parcel Number ID: 79-13-11-100-007.000-006
  • Platted: Yes
  • Amenities: Storage, Eat-In Kitchen, Water Heater Electric
  • Road Access: State
  • Road Surface: Paved
  • Sp Lp Percent: 88.06
  • Zoning Description: GB
  • Monthly Gross Income: 2430
  • County Zoning: Other
  • Year Taxes Payable: 2019
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 3740
  • Total Finished Sq Ft: 3740
  • Above Grade Finished Sq Ft: 3740
  • Price Per Sq Ft: 35.29
  • Basement Foundation: Crawl, Slab
  • Flooring: Carpet, Concrete, Vinyl Tile
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 1
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 576

Garage/Parking

  • Number Of Parking Spaces: 30

Utilities

  • Cooling: Heat Pump
  • Heating Fuel: Forced Air, Heat Pump
  • Sewer: Private
  • Water Utilities: Private
  • Well Type: Private
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 500
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 2

Schools

  • School District: Tippecanoe School Corp.
  • Elementary School: Mintonye
  • Middle School: Southwestern
  • High School: Mc Cutcheon
  • Elementary School: Mintonye

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 1.66 ACRES
  • Estimated Lot Sq Ft: 72310
  • Estimated Lot Size Acres: 1.66
  • Lot Number: 1

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Building Insurance, Tax
  • Tenant Pays: Cooling, Electric, Lawn Maintenance, Snow Removal, Trash Collection, Water

Tax Info

  • Total Assessed Value: 81600
  • Annual Property Tax: 1144

Multi Family

  • Gross Monthly Rent: 2430
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

MLS Schools

  • High School: Mc Cutcheon
  • Middle School: Southwestern
  • School District: Tippecanoe School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2019
Closed on
Jul 23, 2019
Sold by
All Star Trophy & Awards Inc
Bought by
Specialized Ira Svcs
Seller's Agent
Brett Lueken
Century 21 The Lueken Group
Buyer's Agent
Mary Mason
BerkshireHathaway HS IN Realty
List Price
$149,900
Sold Price
$132,000
Premium/Discount to List
-$17,900
-11.94%
Total Days on Market
5
Current Estimated Value
$225,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,490
Avg. Annual Appreciation
9.14%

Purchase Details

Closed on
Dec 30, 2011
Sold by
Burke Timothy J and Burke Kristine Y
Bought by
All Star Trophy & Awards Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.93%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 14, 2002
Sold by
Basham John R
Bought by
Burke Timothy J and Burke Kristine Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7%

Purchase Details

Closed on
Oct 5, 2001
Sold by
Lauderdale Larry G and Lauderdale Molly L
Bought by
Basham Ii John R

Range of Values:

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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
Specialized Ira Svcs -- None Available
All Star Trophy & Awards Inc -- None Available
Burke Timothy J -- --
Basham Ii John R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner All Star Trophy & Awards Inc $50,000
Previous Owner Burke Timothy J $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2019 07/31/19 Sold $132,000 -11.9% $35 / Sq Ft
07/13/2019 07/13/19 Pending -- -- --
07/08/2019 07/08/19 For Sale $149,900 -- $40 / 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 $1,529 $108,800 $24,100 $84,700
2023 $1,522 $103,000 $24,100 $78,900
2022 $1,375 $90,600 $24,100 $66,500
2021 $1,313 $85,600 $24,100 $61,500
2020 $1,261 $82,700 $24,100 $58,600
2019 $1,212 $81,600 $24,100 $57,500
2018 $1,144 $78,900 $24,100 $54,800
2017 $1,121 $78,100 $24,100 $54,000
2016 $1,103 $77,100 $24,100 $53,000
2014 $1,077 $76,800 $24,100 $52,700
2013 $1,161 $78,200 $24,100 $54,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201928701

Indiana Regional MLS

APN: 79-13-11-100-007.000-006