NOT LISTED FOR SALE

Greencastle, IN 46135

8 Beds
5 Baths
6,626 Sq Ft
0.81 Acres

Last Sold July 31, 2020

Last sale price $375,000 $57 Per Sq Ft

7 Days on Market

Highlights

  • 0.81 Acre Lot
  • Outdoor Storage
  • Partially Fenced Property
  • Italianate Architecture

About This Home

As of July 2020

Historic and stately multi-unit apartment building "The Towers" sits on a large lot with partially fenced yard and 5-car garage. The entire first floor is one unit with beautiful updates, lots of historic character and impressive finishes. It includes a custom kitchen with granite counters and cherry cabinets, an entryway with cherry built-ins, 3 bedrooms, 2 full baths, laundry room, den, breakfast room, dining room, front parlor and the back parlor. Six more units upstairs for income, include 3 1-bedroom units and 3 studio apartments. Property has newer roof, geothermal systems, new electrical and many updates. The large hard provides lots of opportunity for growth. All appliances included. Most units are rented with immediate income.

Last Agent to Sell the Property

Eric Wolfe

Prime Real Estate ERA Powered License #RB14040059 Listed on: 06/24/2020

Co-Listed By

Jennifer McCune

Prime Real Estate ERA Powered License #RB16000472

Last Buyer's Agent

Eric Wolfe

Prime Real Estate ERA Powered License #RB14040059 Listed on: 06/24/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,572

Year Built

  • Built in 1900

Lot Details

  • 0.81 Acre Lot
  • Partially Fenced Property

Parking

  • 5 Car Garage
  • Gravel Driveway

Home Design

  • Italianate Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Stone

Additional Features

  • 3-Story Property
  • Outdoor Storage
  • Basement

Listing and Financial Details

  • Tenant pays for cable TV, electricity, insurance
  • The owner pays for insurance, lawncare, taxes, sewer, trash collection, water
  • Assessor Parcel Number 670921104017000008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,572

Year Built

Built in 1900

Lot Details

0

Parking

5

Listing Details

  • Property Sub Type: 5+Units Commercial
  • Architectural Style: Italianate
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1900
  • Co List Office Phone: 765-653-4663
  • Lot Size Acres: 0.8067
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Apartment Building
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: Historic and stately multi-unit apartment building "The Towers" sits on a large lot with partially fenced yard and 5-car garage. The entire first floor is one unit with beautiful updates, lots of historic character and impressive finishes. It includes a custom kitchen with granite counters and cherry cabinets, an entryway with cherry built-ins, 3 bedrooms, 2 full baths, laundry room, den, breakfast room, dining room, front parlor and the back parlor. Six more units upstairs for income, include 3 1-bedroom units and 3 studio apartments. Property has newer roof, geothermal systems, new electrical and many updates. The large hard provides lots of opportunity for growth. All appliances included. Most units are rented with immediate income.
  • Transaction Type: Sale
  • Website: www.primerealestateprofessionals.com
  • Conversion: 1
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Three Or More
  • Owner Pays: Insurance, Lawncare, Taxes, Sewer, Trash Collection, Water
  • Possible Use: Apt<20, Residential
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections Some

Exterior Features

  • Construction Materials: Brick, Stone
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Gravel, Fence Partial, Storage
  • Foundation Details: Block, Block
  • Road Access: CityStreet

Garage/Parking

  • Garage Spaces: 5
  • Unit Parking: Covered,Parking Lot,Other

Utilities

  • Solid Waste: 0

Lot Info

  • Current Use: Apt<20
  • Parcel Number: 670921104017000008
  • Acres: 1/2-1 Acre
  • Lot Information: Corner,Sidewalks,Street Lights,Tree Mature
  • Lot Number: 0
  • Lot Size: 35,140

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Insurance

Tax Info

  • Tax Annual Amount: 4572
  • Semi Annual Property Tax Amt: 2286
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Greencastle Community

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $375,000 -6.2% $57 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
06/24/2020 06/24/20 For Sale $399,900 -- $60 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $8,206 $410,300 $33,600 $376,700
2023 $7,952 $397,600 $23,500 $374,100
2022 $7,952 $397,600 $23,500 $374,100
2021 $7,296 $364,800 $23,500 $341,300
2020 $4,571 $286,400 $23,500 $262,900
2019 $4,571 $286,400 $23,500 $262,900
2018 $4,481 $285,700 $23,500 $262,200
2017 $4,286 $283,500 $23,500 $260,000
2016 $4,316 $283,100 $23,500 $259,600
2014 $4,233 $282,400 $23,500 $258,900
2013 $4,233 $294,800 $23,500 $271,300
Source: Public Records

Agents Affiliated with this Home

  • Eric Wolfe

    Seller's Agent in 2020

    Eric Wolfe

    Prime Real Estate ERA Powered

    (812) 605-0475

    356 in this area

    762 Total Sales

    Eric Wolfe
    Section Image
  • Jennifer McCune

    Seller Co-Listing Agent in 2020

    Jennifer McCune

    Prime Real Estate ERA Powered

    (765) 720-2774

    157 in this area

    249 Total Sales

    Jennifer McCune
    Section Image
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Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21719680

MIBOR Broker Listing Cooperative®

APN: 67-09-21-104-017.000-008

Indiana Putnam County Greencastle

46135

Not Listed for Sale

MultiFamily

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