1648 W State Road 16 Brook, IN 47922

4 beds · 2 baths · 1,960 sq ft · Lot Size: 120,661 sq ft · Single Family Home
Est. Property Value: $292,710

Valued above Market MedianLarge Lot AdvantageOwned for Less Than 5 Years

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1648 W State Road 16 is in the 47922 neighborhood of Brook, IN. It is located in Newton County and ZIP code 47922. This Single Family Home was built in 1966 and is approximately 59 years old. The single family home spans 1960 sq ft with 4 bedrooms and 2 bathrooms and sits on a 120661 sq ft lot. According to public records, it was last sold in 2020 for $240,000 and has a tax-assessed value of $183,100, which is $149 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 1648 W State Road 16 Brook, IN 47922 with Property Intel by Whitepages.

Owners & Occupancy for 1648 W State Road 16

No contact information is available.

Occupancy

Resident 1*************************** age 54
Resident 2****************** age 79
Resident 3*************** age 63
Resident 4************

Property Financials for 1648 W State Road 16

1648 W State Road 16, Brook, IN has no known mortgage. The Newton county assessment for 2023 values it at $183,100, with annual taxes of $1,504.

Property Tax

Purchase DateSeptember 22, 2020
Property Tax Amount$1,504 in 2023
Purchase Price$240,000
Assessed Value$183,100 on 2023

Investment Potential for 1648 W State Road 16

The property has a current estimated value of $292,710, which is 40% above the zip median, based on public records. It last sold on September 22, 2020 for $240K. Projected long-term
is $30,600 annually ($2,550 per month) with a 92% occupancy rate.

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Long-Term

Gross Rental
$30,600 per year($2,550 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
92%in 47922 zip code
 
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Property Details for 1648 W State Road 16

Property Details

Property Sq Ft

Living Area

1,960 sq ft

6% below market

Lot Size

120,661 sq ft

460% above market

Price Per Sq Ft

Living Area

$149 / sq ft

47% above market

Lot Size Area

$2 / sq ft

67% below market

Property condition, age, exterior, etc. for 1648 W Sta…
Longitude: -87.423185 Latitude: 40.866549 Parcel Number (APN): 56-13-15-800-002.001-015…

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Market Benchmarks

Compare data for 1648 W State Road 16 in Newton County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$292,710
$312,900
-$20,190 (-6%)
—
—
—
YoY Price Change
—
—
—
Year Built
1966
1988
-22 years
Living Space
1,960 sq ft
2,408 sq ft
-448 (-19%)
$ Per Living Sq Ft
$149
$128
$21 (16%)
Lot Size
120,661 sq ft
15,450 sq ft
105211 (681%)
$ Per Lot Sq Ft
$2
$20
-$18 (-88%)

Net Operating Income
$*****
$23,121
-$258 (-1%)
Annual Revenue
$30,600
$32,400
-$1,800 (-6%)
$****
$9,149
-$1,412 (-15%)
Net Operating Income
$*****
$23,121
-$258 (-1%)
Cap Rate
****%
7.5%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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