212 S Ivy Ln

17,631 Sq. Ft.
$28 / Sq. Ft.
17,631
Sq. Ft.
$28
per Sq. Ft.

Description

Eight separate parcels that total 1.896 acres of land. 4 structures totaling 17,631 Square Feet and operated as a garden style apartment complex consisting of 24 units in three buildings, and a separate office/laundry building. Known as Stonebrook of Butler apartments, the property is a mix of one and two bedroom units. 3 surface parking lots. Nearly 100 leased (only 2 vacant at present). About half of the units have been updated and all deferred maintenance items at time of acquisition have now...Eight separate parcels that total 1.896 acres of land. 4 structures totaling 17,631 Square Feet and operated as a garden style apartment complex consisting of 24 units in three buildings, and a separate office/laundry building. Known as Stonebrook of Butler apartments, the property is a mix of one and two bedroom units. 3 surface parking lots. Nearly 100 leased (only 2 vacant at present). About half of the units have been updated and all deferred maintenance items at time of acquisition have now been corrected. More information to come. Water & Sewer - City of Butler, Electric - Indiana Michigan Power.
  1. Listed by Tracee Lutes • RE/MAX Acclaimed Properties

Property Details for 212 South Ivy Lane

Style
Other
Waterfront
No
Pet Restrictions
No
LISTING CLOSED: 03/16/2015 12:00 AM

Property Details for 212 South Ivy Lane

StatusSold
MLS #201510973
Days on Market1
Pet Policy-
Taxes$17,260 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Apartment Complex
Year Built1986
CountyDeKalb County

Location

Listing Courtesy of RE/MAX Acclaimed Properties

Sold By NonMember BL

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Building Information for 212 South Ivy Lane

Building/Complex212 S Ivy LnFloor-Stories2Residences24Pet Policy-Pet Policy Details-Year Built1986Building Size-

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Property Information for 212 South Ivy Lane

Summary
Location and General Information
  • Area: Dekalb County
  • City: Butler
  • Zip Code: 46721
  • State: IN
  • Township: Wilmington
  • Zoning Description: Multi-Family Residential
  • Fips Code: 18033
  • Directions To Property: West on Main Street, North on Beech Street, East on Ivy Street.
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2013
  • Parcel Number Id: 17-07-01-326-022.000-027
School Information
  • School District: Dekalb Co. Eastern
  • Elementary: Butler
  • Middle School: East Side
  • High School: Eastside
Parking
  • Number Of Parking Spaces: 32
  • Parking: Lot, Off Street, Paved, Public
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Complex
  • Approx Lot Size Acres: 1.62
  • Lot Dimensions: Irregular
  • Lot Number: 21
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 17631.0
  • Approx Lot Size Sqft: 70567.0
  • Above Grade Finished Sqft: 17631.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 17631.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1986
  • Documents Available: Survey
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Sewer: City, Public
  • Water Utility: City, Public
  • Water Access: None
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking
  • Common Amenities: Laundry Facilities
  • Exterior: Brick, Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Shingle
Interior Features
  • Number of Electric Meters: 24
  • Number of Gas Meters: 0
  • Number of Dishwashers: 24
  • Number of Disposals: 24
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 24
  • Number of Refrigerators: 24
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Number Water Meters: 24
  • Basement: No
  • Basement/Foundation: Slab
  • Cooling: Central Air
  • Flooring: Carpet, Other
  • Heating/Fuel: Electricity
  • Stories: 2
  • Number of Above Grade Bedrooms: 40
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 40
  • Total Number of Full Baths: 24
  • Total Number of Half Baths: 24
  • Total Baths: 48
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 8
  • Num Of 2 Bedrooms: 16
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 22
  • Number of Buildings: 4
  • Number of Units: 24
Income & Expenses Information
  • Annual Electric Expense: $4,098.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $105,682
  • Annual Insurance Expense: $3,445
  • Annual Maint. Expense: $33,999
  • Annual Misc: $0
  • Annual Net Income: $37,310
  • Annual Property Tax: $17,260
  • Annual Trash Expense: $1,446
  • Annual Water/Sewer Exp: $8,124
  • Gross Monthly Income: $8,807
  • Gross Monthly Rent: $8,807
Rental
Rental Information
  • Lease Term: Other
  • Owner Pays: Sewer, Water
  • Tenant Pays: Electric

Property History for 212 South Ivy Lane

DateEvent & SourcePriceAppreciation
Mar 16, 2015

Sold

Indiana Regional MLS #201510973

$492,500
Feb 20, 2015

Pending

Indiana Regional MLS #201510973

Feb 20, 2015

Listed (Active)

Indiana Regional MLS #201510973

$599,900
DateEvent & SourcePrice
03/16/2015

Sold

Indiana Regional MLS #201510973

$492,500
02/20/2015

Pending

Indiana Regional MLS #201510973

02/20/2015

Listed (Active)

Indiana Regional MLS #201510973

$599,900

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

Public Records for 212 South Ivy Lane

Taxable ValueLand$3,400Additions$21,200Total$24,600
Tax Record2025$601 ($50 / month)
Home Facts
Total Finished SqFt525 SqFtAbove Grade Finished SqFt525 SqFtStories1Lot Size9,583 SqFtStyleOffice BuildingYear Built1986CountyDEKALBAPN17-07-01-326-022.000-027

Schools near 212 South Ivy Lane

This home is within Dekalb County Eastern Com Sch District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 6
Public - PK to 12
Rating
School
Distance
Butler Elementary School
PublicK to 6

Eastside Junior-Senior High School
Public7 to 12

Riverdale Elementary School
PublicK to 6

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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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 RE/MAX Acclaimed Properties

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.