Last Sold Price
8 beds3,944 sqft$69/sqft
16222 Old Lima Rd, Huntertown, IN 46748

Description

The price stated on this property is the assessed tax value (as a guideline). This property is being sold at public auction on Monday, May 6, 2019. Auction begins at 6:00 p.m. (Real estate to sell at 6:00 p.m.). This property may sell for more or less than the assessed value, depending on the outcome of the auction bidding. 4 Unit Multi Family Home Income Property 2 BR 1.5 BA | SEPARATE GAS & ELECTRIC | TOWNHOUSE ON FULL BASEMENTS | WOOD DECK | WALK-IN CLOSETS | PLENTY OF PARKING SPACE This home...The price stated on this property is the assessed tax value (as a guideline). This property is being sold at public auction on Monday, May 6, 2019. Auction begins at 6:00 p.m. (Real estate to sell at 6:00 p.m.). This property may sell for more or less than the assessed value, depending on the outcome of the auction bidding. 4 Unit Multi Family Home Income Property 2 BR 1.5 BA | SEPARATE GAS & ELECTRIC | TOWNHOUSE ON FULL BASEMENTS | WOOD DECK | WALK-IN CLOSETS | PLENTY OF PARKING SPACE This home features multiple living spaces, large wooden front porch, and 3,842 SF of paved parking. Perfect Income opportunity to the savvy investor. Property needs very little maintenance to be occupied. Includes great amenities that renters are looking for. Basement space, walk-in closets, and washer & dryer hook-ups. Located close to the central hub of Huntertown Indiana.
LISTING CLOSED: 06/14/2019 12:00 AM

  1. Listed by Timothy McCulloch • Scheerer McCulloch Real Estate

Property Details for 16222 Old Lima Road

Status
MLS #
201913554
Days on Market
23
Taxes
$2,862 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family / Fourplex
Year Built
1970
Lot Size
0.32 AC / 13,939 SF
Style
Two Story
Subdivision
None
Waterfront
No
Water Features
None
Pet Restrictions
Yes

Location

Listing Courtesy of Scheerer McCulloch Real Estate

Sold By Blake Realty

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Building Information for 16222 Old Lima Road

Stories2Residences4Year Built1970Building Size-Lot Size0.32 AC / 13,939 SF

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Property Information for 16222 Old Lima Road

Summary
Location and General Information
  • Area: Allen County
  • City: Huntertown
  • Zip Code: 46748
  • State: IN
  • Township: Perry
  • Fips Code: 18003
  • Directions To Property: From I-69 take Lima Road via exit 311B. Turn left onto W Cedar Canyons Road. Turn left onto Lima Rd. Property is on the left.
  • Sea Wall Type: None
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2018
  • Parcel Number Id: 02-02-17-102-002.000-058
School Information
  • School District: Northwest Allen County
  • Elementary: Huntertown
  • Middle School: Carroll
  • High School: Carroll
Parking
  • Number Of Parking Spaces: 2
  • Parking: Off Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Fourplex
  • Approx Lot Size Acres: 0.32
  • Lot Dimensions: 125 x 123
  • Below Grade Unfin Sqft: 1904.0
  • Total Square Feet: 5848.0
  • Approx Lot Size Sqft: 13939.0
  • Above Grade Finished Sqft: 3944.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 1904.0
  • Total Finished Sqft: 3944.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1970
  • Age: 49
  • Documents Available: Survey
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Off Street Parking, Storage, Closet(s) Walk-in, Countertops-Laminate, Deck Open, Foyer Entry, Porch Covered, Water Heater Gas, Washer Hook-Up
  • Common Amenities: Sidewalks
  • Driveway: Concrete
  • Exterior: Aluminum, Wood
  • Fence: None
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Asphalt, Shingle
Interior Features
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number of Dishwashers: 4
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 0
  • Number of Refrigerators: 0
  • Number of W/D Hookups: 4
  • Number of Washers: 0
  • Number Water Meters: 4
  • Basement: Yes
  • Basement/Foundation: Full Basement
  • Cooling: Central Air
  • Flooring: Carpet, Laminate
  • Heating/Fuel: Gas
  • Stories: 2
  • Number of Above Grade Bedrooms: 8
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 8
  • Total Number of Full Baths: 4
  • Total Number of Half Baths: 4
  • Total Baths: 8
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 4
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 4
  • Number of Units: 4
Income & Expenses Information
  • Annual Electric Expense: $2,040.00
  • Annual Fuel Expense: $2,640.00
  • Annual Gross Rent $: $31,200
  • Annual Insurance Expense: $2,100
  • Annual Maint. Expense: $1,000
  • Annual Misc: $0
  • Annual Net Income: $18,158
  • Annual Property Tax: $2,862
  • Annual Trash Expense: $1,200
  • Annual Water/Sewer Exp: $1,200
  • Gross Monthly Income: $2,600
  • Gross Monthly Rent: $650
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Maintenance, Sewer, Snow Removal, Trash Collection, Water
  • Tenant Pays: Electric, Fuel

Property History for 16222 Old Lima Road

DateEvent & SourcePriceAppreciation
Jun 14, 2019

Sold

Indiana Regional MLS #201913554

$272,650
May 6, 2019

Pending

Indiana Regional MLS #201913554

Apr 13, 2019

Withdrawn

Indiana Regional MLS #201912155

DateEvent & SourcePrice
06/14/2019

Sold

Indiana Regional MLS #201913554

$272,650
05/06/2019

Pending

Indiana Regional MLS #201913554

04/13/2019

Withdrawn

Indiana Regional MLS #201912155

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 16222 Old Lima Road

This home is within Northwest Allen County Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Huntertown Elementary School
PublicK to 5

Carroll Middle School
Public6 to 8

Carroll High School
Public9 to 12

Aspen Meadow Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 16222 Old Lima Road, Huntertown, IN 46748
$272,650
8
3,944
13,939
5,848
13,939
$115,000
4
2,424
21,780
$130,000
4
1,974
11,587
$300,000
4
2,454
29,621
$292,200
8
3,948
12,632

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Scheerer McCulloch Real Estate

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.