Check out this investment opportunity in Fountain City! This 9.14 acre mobile home park has a total of 23 lots. 17 lots are currently leased month to month. The lot rent is $285/month. There is a well and septic on the property. Tenant pays electricity.
Closed
$350,000
7662 Arba Pike, Fountain City, IN 47341
--beds
0baths
--sqft
Multi Family
Built in 1970
-- sqft lot
$408,000 Zestimate®
$--/sqft
$996 Estimated rent
Home value
$408,000
$363,000 - $465,000
$996/mo
Zestimate® history
Owner options
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$996/mo
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$2,160/mo
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Paul Faddis 765-994-8533,
Tarter Realty Auction and Appraisal Company,
Mark Tooley,
Tarter Realty Auction and Appraisal Company
Bought with:
Realtor NonMember MEIAR
NonMember MEIAR
Source: IRMLS,MLS#: 202318529
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric
Cooling
- None
Features
- Laminate Counters
- Flooring: Carpet
- Basement: None
Interior area
- Total structure area: 0
- Finished area above ground: 0
- Finished area below ground: 0
Property
Parking
- Total spaces: 22
Lot
- Size: 9.14 Acres
- Features: 6-9.999
Details
- Additional structures: None
- Parcel number: 891428000208.000011
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: Other
Location
- Region: Fountain City
Financial & listing details
- Tax assessed value: $336,700
- Annual tax amount: $3,962
- Date on market: 5/14/2024
- Inclusions: Other
- Lease term: Other
- Total actual rent: 61800
- Tenant pays: Other
Price history
| Date | Event | Price |
|---|---|---|
| 5/10/2024 | Sold | $350,000-12.5% |
Source:  IRMLS #202318529 Report a problem | ||
| 2/21/2024 | Pending sale | $399,900 |
Source: IRMLS #202318529 Report a problem | ||
| 9/6/2023 | Price change | $399,900-5.9% |
Source: IRMLS #202318529 Report a problem | ||
| 6/2/2023 | Listed for sale | $424,900+54.5% |
Source: IRMLS #202318526 Report a problem | ||
| 3/4/2022 | Sold | $275,000-31.2% |
Source: Agent Provided Report a problem | ||
| 10/12/2021 | Listed for sale | $399,900 |
Source:  RLMS #10041803 Report a problem | ||
| 8/18/2021 | Pending sale | $399,900 |
Source: RLMS #10041803 Report a problem | ||
| 8/5/2021 | Listed for sale | $399,900+128.5% |
Source: RLMS #10041803 Report a problem | ||
| 10/31/2019 | Sold | $175,000 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,018 +0% | $336,700 +34.2% |
| 2024 | $5,018 +26.7% | $250,900 |
| 2023 | $3,962 +38.8% | $250,900 +26.7% |
| 2022 | $2,855 -0.2% | $198,100 +39% |
| 2021 | $2,860 +1.8% | $142,500 -0.1% |
| 2020 | $2,810 -45.6% | $142,700 +1.6% |
| 2019 | $5,168 +13.6% | $140,500 -45.6% |
| 2018 | $4,551 +1.5% | $258,400 +10.7% |
| 2017 | $4,482 +3.1% | $233,400 -1.8% |
| 2016 | $4,347 +5.1% | $237,600 +0.1% |
| 2014 | $4,137 -12.4% | $237,300 +0.8% |
| 2013 | $4,725 +2% | $235,500 +0.6% |
| 2012 | $4,632 +10.8% | $234,000 +5.5% |
| 2011 | $4,179 -4.8% | $221,700 +2.4% |
| 2010 | $4,388 +9.4% | $216,400 +3.2% |
| 2009 | $4,010 | $209,600 |
Find assessor info on the county website
Neighborhood: 47341
Nearby homes
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Nearby schools
GreatSchools rating
- 6/10Northeastern Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 7/10Northeastern Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Northeastern High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Northeastern
- Middle: Northeastern
- High: Northeastern
- District: Northeastern Wayne Schools
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- Wayne County
- Fountain City
- 47341
- 7662 Arba Pike
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