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(SOLD) $114,285

400 W Mulberry Street Kokomo, IN  46901

  • 4 Beds
  • 2 Baths
  • 4,266 sq. Ft

Property Description for 400 W Mulberry Street Kokomo, IN 46901

Charming Fully Occupied Duplex in Downtown Kokomo, Indiana Discover an excellent investment opportunity in the heart of Kokomo's Old Silk Stocking District! This fully occupied duplex offers a prime location with easy access to all the amenities downtown has to offer. Unit #1 features two bedrooms, one full bath, an eat-in kitchen, and a utility room with laundry connections. Unit #2 boasts two bedrooms, one full bath. This property has a total of 2,837 square feet, complete with a newer furnace and hot water heater. Currently, the owner covers electric, gas, water, and sewer expenses, providing a seamless experience for tenants. The property's ideal location means residents are just a short walk from downtown shops, restaurants, and the city square. It's only one block from the farmer's market at Mulberry and Armstrong Streets, less than 2 miles from IU Kokomo Campus, and mere minutes from Kokomo Beach. Foster Park, known for its summer concerts, skate park, and walking trails, is just a few blocks away. Kokomo is also on the map for future electric vehicle factories, adding to the potential growth and demand in the area. Don't miss out on this unique opportunity to invest in a thriving and growing community.

Address:400 W Mulberry Street Kokomo IN 46901
Status:Sold
Sold On: 10/11/2024
Price:$130,000
Bedrooms:4 Beds
Bathrooms:2 Full Baths
Sq. Feet:4,266
Year Built:1897
Lot Size:0.14
County: Howard
Township: Center
MLS #:21988660
Property Type:Single Family Residence

Lot Dimensions:6098
Lot Features:Corner Lot
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :1,429
Upper Level Sq. Ft. :1,408
Total Sq. Ft. :4,266
Basement:Yes

Loan Price
$815
Price And Interest $596/month
Property Tax $171/month
MTG INS $0/month
HOME INS $48/month
Price
$114,285
Down Payment %
0 %
Down Payment
$0
Property Taxes
$171/month
Home Owner Insurance
$576 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Living Room 15'x15' Main
Dining Room 8'x8' Main
Kitchen 15'x10' Main
Laundry 10'x8' Main
Primary Bedroom 15'x10' Main
Bedroom 2 10'x10' Main
Primary Bedroom 20'x15' Upper
Bedroom 4 10'x10' Upper

Semi-Annual Property Tax:$1,024
Tax Year:2023
Other Disclosures:None, Sales Disclosure On File
Mandatory HOA Fee:$

Area: 3408 - Howard - Center
City:Kokomo
Subdivision: Western Mills & Jones
Zip Code:46901

Total Sq. Ft.:4,266
Interior Features:Windows Vinyl
Eating Area(s):Dining Combo/Kitchen
Appliances:Electric Cooktop
Exterior Type:Wood
Cool:Window Unit(s)
Heat:Gas
Water Heater:Electric Cooktop
Total Rooms:9
Brad Tomlinson, REALTOR®/Broker, F. C. Tucker Company
Brad Tomlinson
Additional Phone (765) 452-8216
F.C. Tucker Company

Listing provided courtesy of Reggie Jackson with Real Broker, LLC from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 07/01/2024 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.





Kokomo Market Report

123
Avg. DOM
$122.06
Avg. $ / Sq.Ft.
$ 195,000
Med. List Price

The house prices in Kokomo are indeed dropping at the moment. There has been a decrease in price of $4,743.43. 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 Kokomo are going Down. The average house price is $195,000.00 and the average price per square feet is $118.93 per square feet. At the moment, the amount of homes listed is exactly 1742 houses, with 219 with active status, 66 with pending status and 1457 sold in Kokomo .

The most popular place to buy a home in Kokomo is 3408 - Howard - Center. 3408 - Howard - Center 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 Kokomo .

The average amount of property taxes you would have to pay for a home in Kokomo is $1,740.93. 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 Kokomo are staying listed for an average of 48 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 Kokomo was 9 minutes ago.

At the moment we have 3 open houses that you can visit.

The cost of the most expensive home in Kokomo is $1,499,000.00. 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 Kokomo is $49,900.00 . 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 Kokomo in year 1811 and the newest built house is in year 2024.

The average size of properties in Kokomo is 1938.79 sq.ft. , the biggest one being 8485 sq.ft. and the smaller being 600 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.