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$625,000 $125,000on 1/12/2024(Pending)

602 Meridian Street Anderson, IN  46016

Property Description for 602 Meridian Street Anderson, IN 46016

This is a 12 Unit building in Anderson. There are six one bedrooms and six 2 bedrooms. There is a small parking area on the south side of the building for the tenants to use. There is also a covered Parking area behind the building for $15.00 a month per space. There are storage units in the basement for the tenants on levels 2 and 3. Level one tenant's have a room in the back of their apartment for storage. Room sizes are approximate. Each apartment has a small deck or patio for their use on the back of their apartment. There are stoves, refrigerators, microwaves, dishwasher and w/d in most apartments. Water softener's are located in the basement at the back of the building. Alarms are in each unit, not hooked into the police department, but loud when they go off.
QuickBuy option for home selling

Address:602 Meridian Street Anderson IN 46016
Status:Pending
on site: 509 days
Price:$625,000
Bathrooms:0
Year Built:1895
Lot Size:0.18
County: Madison
Township: Anderson SE
MLS #:21897667
Property Type:Multi-Family 5+

Lot Dimensions:7797
Road Frontage:City Street
Road Surface:Asphalt, Concrete
Lot Features:Access, Busline, Corner Lot, Sidewalks, Street Lights
Zoning:R2
Building Utilities:Sewer, Water
Directions:Located at the corner of 6th St. and Meridian Street, downtown Anderson
Basement:Yes

Loan Price
$4,251
Price And Interest $3,260/month
Property Tax $731/month
MTG INS $0/month
HOME INS $260/month
Price
$625,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$731/month
Home Owner Insurance
$3,120 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
01/12/24 $750,000 $625,000 -16.67%
07/07/23 $800,000 $750,000 -6.25%
02/08/23 $1,050,000 $800,000 -23.81%

Semi-Annual Property Tax:$4,387
Tax Year:2021
Other Disclosures:None
Mandatory HOA Fee:$

Area: 4813 - Madison - Anderson SE
Subdivision: Hannah & Hazlett
Zip Code:46016

Exterior Type:Brick
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Schools in 602 Meridian Street Anderson, IN  46016


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Listing provided courtesy of Linda Babbitt with Gold Key Properties from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 12/18/2022 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



Anderson Market Report

75
Avg. DOM
$118.72
Avg. $ / Sq.Ft.
$ 169,900
Med. List Price

The house prices in Anderson are not dropping at the moment. There has been a increase in price of $2,978.98. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Anderson are going Up. The average house price is $159,900.00 and the average price per square feet is $112.07 per square feet. At the moment, the amount of homes listed is exactly 773 houses, with 128 with active status, 107 with pending status and 538 sold in Anderson .

The most popular place to buy a home in Anderson is 4812 - Madison - Anderson SW. 4812 - Madison - Anderson SW is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Anderson .

The average amount of property taxes you would have to pay for a home in Anderson is $1,385.22. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Anderson are staying listed for an average of 76 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Anderson was 1138 minutes ago.

At the moment we have 2 open houses that you can visit.

The cost of the most expensive home in Anderson is $1,940,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Anderson is $16,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Anderson in year 1849 and the newest built house is in year 2024.

The average size of properties in Anderson is 1907.5 sq.ft. , the biggest one being 5868 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.