$55,000
SOLD FEB 20, 2024

1011 Sherman Ave South Bend, IN 46616

Near Northwest Neighborhood
5 Beds
2 Baths
2,048 Sq Ft
6,400 Sq Ft Lot

Recently Sold

$27 Per Sq Ft

31% Below List Price

81 Days on Market

About This Home

As of January 2025

This two-story home is a promising opportunity for investors or handy individuals looking for a project. With great potential to be transformed into a profitable duplex, this property is a blank canvas waiting for your creative touch. While it currently requires some renovation and updates, the structure is solid, offering a strong foundation for your vision. With the right investment and a bit of elbow grease, this house has the potential to become a lucrative real estate investment or a comfortable duplex residence. Don't miss out on this investor or handyman special – it's a diamond in the rough waiting to shine.

Last Agent to Sell the Property

Crystal Miller

RE/MAX Results-Goshen Brokerage Phone: 574-607-7156 Listed on: 11/04/2023

RE/MAX Results-Goshen

Last Buyer's Agent

Penny Seegers

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1902

Lot Details

  • 6,400 Sq Ft Lot
  • Lot Dimensions are 50x128
  • Level Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

  • Muessel Elementary School
  • Edison Middle School
  • Clay High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 71-08-02-183-026.000-026

Home Details

Home Type

Single Family

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1902
  • Age: 122
  • Style: Two Story
  • Total Number of Rooms: 8
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOT 28 MUESSELS 1ST
  • Parcel Number ID: 71-08-02-183-026.000-026
  • Platted: Yes
  • Sp Lp Percent: 82.83
  • Year Taxes Payable: 2022/2023
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 2888
  • Total Finished Sq Ft: 2048
  • Above Grade Finished Sq Ft: 2048
  • Below Grade Sq Ft: 840
  • Price Per Sq Ft: 26.86
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Bedroom 1: Dimensions: 10x12, On Level: Main
  • Bedroom 2: Dimensions: 11x12, On Level: Upper
  • Bedroom 3: Dimensions: 11x12, On Level: Upper
  • Bedroom 4: Dimensions: 10x10, On Level: Upper
  • Bedroom 5: Dimensions: 14x10, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 840

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: None

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: Public
  • Water Utilities: Public

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Muessel
  • Middle School: Edison
  • High School: Clay
  • Elementary School: Muessel

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50X128
  • Estimated Lot Sq Ft: 6400
  • Estimated Lot Size Acres: 0.15
  • Lot Number: 28

Tax Info

  • Annual Taxes: 2039.52
  • Total Assessed Value: 83200

MLS Schools

  • High School: Clay
  • Middle School: Edison
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2024
Closed on
Jan 17, 2025
Sold by
Jurado Property Solutions Llc
Bought by
Hoogland Morgan
Seller's Agent
Penny Seegers
eXp Realty, LLC
Buyer's Agent
Valerie Williams
Milestone Realty, LLC
List Price
$229,900
Sold Price
$193,500
Premium/Discount to List
-$36,400
-15.83%
Views
205
Current Estimated Value
$186,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,041
Avg. Annual Appreciation
-11.54%
Original Mortgage
$154,800
Outstanding Balance
$154,525
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$27,463

Purchase Details

Listed on
Nov 4, 2023
Closed on
Feb 23, 2024
Sold by
Bm Rentals Llc
Bought by
Jurado Property Solutions Llc
Seller's Agent
Crystal Miller
RE/MAX Results-Goshen
Buyer's Agent
Penny Seegers
eXp Realty, LLC
List Price
$79,900
Sold Price
$55,000
Premium/Discount to List
-$24,900
-31.16%
Views
221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
298.43%
Original Mortgage
$120,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2020
Sold by
Zwierzynski Mary Ann
Bought by
Bm Rentals Llc

Purchase Details

Closed on
Sep 29, 2005
Sold by
Hershberger Donald J
Bought by
Zwierzynski Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
8.45%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Fidelity National Title Compan
Warranty Deed $55,000 Fidelity National Title
Warranty Deed -- Fidelity National Title
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $154,800 New Conventional
Previous Owner $120,000 New Conventional
Previous Owner $50,400 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2025 01/17/25 Sold $193,500 -0.7% $94 / Sq Ft
12/18/2024 12/18/24 Pending -- -- --
10/10/2024 10/10/24 Price Changed $194,900 -2.5% $95 / Sq Ft
08/26/2024 08/26/24 Price Changed $199,900 -4.8% $98 / Sq Ft
08/13/2024 08/13/24 Price Changed $209,900 -4.5% $102 / Sq Ft
07/31/2024 07/31/24 Price Changed $219,900 -4.3% $107 / Sq Ft
07/18/2024 07/18/24 For Sale $229,900 +318.0% $112 / Sq Ft
02/20/2024 02/20/24 Sold $55,000 -17.2% $27 / Sq Ft
01/24/2024 01/24/24 Price Changed $66,400 -1.5% $32 / Sq Ft
01/21/2024 01/21/24 Price Changed $67,400 -6.9% $33 / Sq Ft
01/19/2024 01/19/24 Price Changed $72,400 -0.7% $35 / Sq Ft
01/17/2024 01/17/24 Price Changed $72,900 -0.7% $36 / Sq Ft
01/06/2024 01/06/24 Price Changed $73,400 -1.3% $36 / Sq Ft
12/21/2023 12/21/23 Price Changed $74,400 -1.3% $36 / Sq Ft
12/15/2023 12/15/23 Price Changed $75,400 -1.3% $37 / Sq Ft
12/05/2023 12/05/23 Price Changed $76,400 -1.3% $37 / Sq Ft
11/17/2023 11/17/23 Price Changed $77,400 -3.1% $38 / Sq Ft
11/04/2023 11/04/23 For Sale $79,900 -- $39 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,084 $83,500 $9,800 $73,700
2023 $1,998 $83,800 $9,800 $74,000
2022 $1,997 $83,200 $9,800 $73,400
2021 $1,723 $70,000 $3,100 $66,900
2020 $797 $68,300 $3,100 $65,200
2019 $726 $68,300 $3,100 $65,200
2018 $439 $36,000 $3,100 $32,900
2017 $437 $35,200 $3,100 $32,100
2016 $438 $34,800 $2,700 $32,100
2014 $396 $34,500 $2,700 $31,800
Source: Public Records

Agents Affiliated with this Home

  • Penny Seegers

    Seller's Agent in 2025

    Penny Seegers

    eXp Realty, LLC

    (574) 849-7076

    3 in this area

    169 Total Sales

    Penny Seegers
    Section Image
  • Valerie Williams

    Buyer's Agent in 2025

    Valerie Williams

    Milestone Realty, LLC

    (574) 849-4081

    1 in this area

    180 Total Sales

    Valerie Williams
    Section Image
  • Crystal Miller

    Seller's Agent in 2024

    Crystal Miller

    RE/MAX

    (574) 607-7156

    1 in this area

    82 Total Sales

    Crystal Miller
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202340644

Indiana Regional MLS

APN: 71-08-02-183-026.000-026

Indiana St Joseph County South Bend 46616 Near Northwest

1011 Sherman Ave, South Bend, IN

This home is located at 1011 Sherman Ave, South Bend, IN 46616 and is currently priced at $55,000, approximately $26 per square foot. This property was built in 1902. 1011 Sherman Ave is a home located in St. Joseph County with nearby schools including Muessel Primary Center, Edison Middle School, and Clay High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX 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. Information is deemed reliable but not guaranteed.

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