18761 Explanade St Westfield, IN 46074

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3 beds · 2 baths · 1,910 sq ft · Lot Size: 2,614 sq ft · Residential Condominium
Est. Property Value: $294,605

Owned for Less Than 5 YearsOwner Age 55 - 65

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18761 Explanade St is in the 46074 neighborhood of Westfield, IN. It is located in Hamilton County and ZIP code 46074. This Residential Condominium was built in 2021 and is approximately 4 years old. The residential condominium spans 1910 sq ft with 3 bedrooms and 2 bathrooms and sits on a 2614 sq ft lot. According to public records, it was last sold in 2022 for $312,000 and has a tax-assessed value of $281,400, which is $154 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 18761 Explanade St Westfield, IN 46074 with Property Intel by Whitepages.

Owners & Occupancy for 18761 Explanade St

This property is owned by Tim Lee Crouse. Owner contact information includes 10 phone numbers and 6 email addresses.

Property Owners

OccupationChief Executive Officer, Vario Networks
Cell Phone(317) ***-****View Cell Phone
Residence*************
Landline(317) 873-3621
Distance from Property**********
Email Address*********@yahoo.comView Email

Cell Phone(317) ***-****View Cell Phone
Residence*************
Landline(317) 846-9673
Distance from Property**********
Email Address*********@yahoo.comView Email
View All Owner Info

Occupancy

Current Occupancy*****View Occupancy
Resident 1******************* age 27
Resident 2****************** age 30
Resident 3************** age 62
Resident 4*************** age 62

Property Financials for 18761 Explanade St

18761 Explanade St, Westfield, IN has a mortgage from Ruoff Mtg (orig. August 26, 2024). The Hamilton county assessment for 2024 values it at $281,400, with annual taxes of $3,247.

Mortgage & Equity Information

Loan Amount$******
LenderRuoff Mtg
Origination DateAugust 26, 2024
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date******************
Equity View Equity
View All Mortgage Info

Property Tax

Purchase DateNovember 18, 2022
Property Tax Amount$3,247 in 2023
Purchase Price$312,000
Assessed Value$281,400 on 2024

Investment Potential for 18761 Explanade St

The property has a current estimated value of $294,605, which is 5% above the zip median, based on public records. It last sold on November 18, 2022 for $312K. Projected long-term
is $29,400 annually ($2,450 per month) with a 95% occupancy rate.

Discover more Residential Condominiums in 46074.
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Long-Term

Gross Rental
$29,400 per year($2,450 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
95%in 46074 zip code
 
View Rental Potential

Property Details for 18761 Explanade St

Property Details

Property Sq Ft

Living Area

1,910 sq ft

2% above market

Lot Size

2,614 sq ft

0% above market

Price Per Sq Ft

Living Area

$154 / sq ft

2% above market

Lot Size Area

$113 / sq ft

3% above market

Property condition, age, exterior, etc. for 18761 Expl…
Longitude: -86.170819 Latitude: 40.059187 Parcel Number (APN): 29-05-27-006-002.000-015…

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Discover more residential condominiums near 18761 Explanade St in Westfield, Indiana. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 18761 Explanade St in Hamilton County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$294,605
$229,501
$65,103 (28%)
$******
$379,841
$156,968 (41%)
YoY Price Change
****%
1.86%
-170%
Year Built
2021
2002
19 years
Living Space
1,910 sq ft
1,630 sq ft
280 (17%)
$ Per Living Sq Ft
$154
$139
$16 (11%)
Lot Size
2,614 sq ft
2,178 sq ft
436 (20%)
$ Per Lot Sq Ft
$113
$110
$3 (2%)

Net Operating Income
$*****
$17,504
$2,565 (15%)
Annual Revenue
$29,400
$25,200
$4,200 (17%)
$****
$7,432
$1,899 (26%)
Net Operating Income
$*****
$17,504
$2,565 (15%)
Cap Rate
****%
7.57%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Residential Condominium Medians

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