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(SOLD) $500,000

3960 E Bellefontaine Road Hamilton, IN  46742-9364

  • 6 Beds
  • 6 Baths
  • 4,636 sq. Ft

Property Description for 3960 E Bellefontaine Road Hamilton, IN 46742-9364

Discover a rare investment opportunity in the heart of Hamilton, Indiana – a 6-unit mixed-use property with 60 feet of lake frontage on Hamilton Lake. Nestled in a thriving lake community, this property presents a variety of potential uses. The current setup includes three 1-bedroom apartments for stable long-term rentals, and a fully furnished 3-bedroom apartment catering to the burgeoning demand for turnkey short-term rentals. Two storefront commercial spaces situated ideally at the main hub of Hamilton's activity offer prime visibility for businesses. Not to mention 4 dock slips that you can rent to others and use for yourself! Convenience is key with a private off-street driveway and a 1-car detached garage for added storage. Currently cash flowing, this property holds the promise of increased returns. Imagine running a multi-unit short-term rental business, leasing out office spaces, and enjoying a dock slip for your boat. Hamilton Lake, an all-sports lake spanning 800 acres, offers fishing, boating, and water recreation. Nearby golf courses and lakefront restaurants accessible by boat add to the appeal. Abundant options make this property a great setup for several use scenarios. Run a multi-unit Short Term Rental business and rent the commercial spaces to local businesses. Live in one unit, use a commercial space for your business, and let the remaining units contribute to covering your investment. Within walking distance to the public beach, adjacent to the popular Howie's on Hamilton restaurant, and part of a golf cart community, this property embodies value in a growing lake town. Seize the opportunity to own a piece of Hamilton's lakeside charm – where imagination knows no bounds, and the potential for this value-add property is as vast as the lake itself.

Address:3960 E Bellefontaine Road Hamilton IN 46742-9364
Status:Sold
Sold On: 12/6/2024
Price:$539,900
Bedrooms:6 Beds
Bathrooms:6 Full Baths
Sq. Feet:4,636
Year Built:1885
Lot Size:0.20
County: Steuben County
Township: Otsego
School System : Hamilton Community
MLS #:202406133
Property Type:Other

Lot Dimensions:60 X 146
Directions:Second building on the Northeast corner of Bellefontaine Rd and Wayne St. in Hamilton, IN.
Total Sq. Ft. :4,636
Basement:Yes

Loan Price
$3,066
Price And Interest $2,608/month
Property Tax $250/month
MTG INS $0/month
HOME INS $208/month
Price
$500,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$250/month
Home Owner Insurance
$2,496 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
3rd Bedroom null x 1 Info Not Available
4th Bedroom 6 x 6 Info Not Available
5th Bedroom 5 x 4 Info Not Available
Kitchen 750 x null Info Not Available
Family Room 850 x 800 Info Not Available

Semi-Annual Property Tax:$1,500
Tax Year:2023
Mandatory HOA Fee:$

Subdivision: None
Zip Code:46742-9364

School System:Hamilton Community
High School:Hamilton
Middle School:Hamilton Middle
Elementary School:Hamilton

Total Sq. Ft.:4,636
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Fort Wayne REALTORS®

Listing provided courtesy of Scott Marker with Anchor Realty

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Hamilton Market Report

290
Avg. DOM
$277.22
Avg. $ / Sq.Ft.
$ 566,650
Med. List Price

The house prices in Hamilton are indeed dropping at the moment. There has been a decrease in price of $60,500.00. 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 Hamilton are going Down. The average house price is $559,000.00 and the average price per square feet is $273.41 per square feet. At the moment, the amount of homes listed is exactly 65 houses, with 33 with active status, 3 with pending status and 29 sold in Hamilton .

The most popular place to buy a home in Hamilton is . 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 Hamilton .

The average amount of property taxes you would have to pay for a home in Hamilton is $3,859.90. 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 Hamilton are staying listed for an average of 82 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 Hamilton was 9019 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Hamilton is $2,499,999.00. 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 Hamilton is $142,900.00 . 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 Hamilton in year 1900 and the newest built house is in year 2024.

The average size of properties in Hamilton is 2334.39 sq.ft. , the biggest one being 7146 sq.ft. and the smaller being 486 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.