NOT LISTED FOR SALE

1018 Sherman Ave South Bend, IN 46616

Near Northwest Neighborhood

Estimated Value: $159,000 - $196,000

8 Beds
4 Baths
3,542 Sq Ft
$49/Sq Ft Est. Value

Last Sold May 06, 2016

Last sale price $32,000 $9 Per Sq Ft

Est. 440% increase in value since last sale

Current estimated payment $1,192/month

77 Days on Market

About This Home

As of May 2016

This is a fourplex featuring 2 bedrooms and 1 bathroom in each unit. There are separate utilities and separate furnances but the water is all together. Newer laminate wood floors and a patched new roof was put on recently. There is new plumbing and updated electric. Two units are currently rented between $500-550 per month. Tenants rights and required 24-48 hour notice for showings. Please do not disturb tenants. The property is being sold as is

Last Agent to Sell the Property

John Tiffany

Tiffany Group Real Estate Advisors LLC Listed on: 12/29/2015

Co-Listed By

Justin Elias

Tiffany Group Real Estate Advisors LLC

Last Buyer's Agent

Justin Elias

Tiffany Group Real Estate Advisors LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,399 Sq Ft Lot
  • Lot Dimensions are 50x128
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Stone Exterior Construction

Interior Spaces

  • 3,542 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Schools

  • Muessel Elementary School
  • Greene Middle School
  • Washington High School

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for water
  • Assessor Parcel Number 71-08-02-184-008.000-026

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1920
  • Age: 96
  • Style: Two Story
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: Lot 7 Muessels 1st |
  • Parcel Number ID: 71-08-02-184-008.000-026
  • Platted: Yes
  • Amenities: Off Street Parking
  • Sp Lp Percent: 84.21
  • Year Taxes Payable: 2014
  • Special Features: None

Interior Features

  • Total Sq Ft: 3542
  • Total Finished Sq Ft: 3542
  • Above Grade Finished Sq Ft: 3542
  • Price Per Sq Ft: 9.03
  • Flooring: Wood
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Stone
  • Stories: 2

Utilities

  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Muessel
  • Middle School: Greene
  • High School: Washington
  • Elementary School: Muessel

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50x128
  • Estimated Lot Sq Ft: 6399
  • Estimated Lot Size Acres: 0.1469
  • Lot Number: 7

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 51200
  • Annual Property Tax: 1338

Multi Family

  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of2 Bedrooms: 4
  • Num Of Units Rented: 4

MLS Schools

  • High School: Washington
  • Middle School: Greene
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2024
Sold by
Br Casa Series Llc
Bought by
Twisted Metal Atlanta Llc
Total Days on Market
77
Current Estimated Value
$172,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Outstanding Balance
$52,173
Interest Rate
6.95%
Mortgage Type
Construction
Estimated Equity
$110,827

Purchase Details

Closed on
May 19, 2022
Sold by
Br Casa Series Llc
Bought by
Br Casa Series Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 29, 2015
Closed on
Apr 13, 2016
Sold by
B & R Investment Properties Ll
Bought by
Br Casa Series Llc
Seller's Agent
John Tiffany
Tiffany Group Real Estate Advisors LLC
Buyer's Agent
Justin Elias
Tiffany Group Real Estate Advisors LLC
List Price
$59,900
Sold Price
$32,000
Premium/Discount to List
-$27,900
-46.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.45%

Purchase Details

Closed on
Oct 30, 2013
Sold by
5 B Apartments Llc
Bought by
B+R Investment Properties Llc

Purchase Details

Closed on
Jun 14, 2012
Sold by
B & R Investment Properties Ll
Bought by
Sb Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,846
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2007
Sold by
Mullin Evelyn A and Mullin Robert A
Bought by
B & R Investment Properties Llc

Purchase Details

Closed on
Oct 12, 2006
Sold by
Lyle Christopher S
Bought by
Wells Fargo Bank Na
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Twisted Metal Atlanta Llc $160,000 None Listed On Document
Br Casa Series Llc -- Fidelity National Title
Br Casa Series Llc -- Metropolitan Title
B+R Investment Properties Llc -- --
Sb Apartments Llc -- --
B & R Investment Properties Llc -- None Available
Wells Fargo Bank Na -- None Available
Wells Fargo Bank Na $31,120 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Twisted Metal Atlanta Llc $180,000
Previous Owner Br Casa Series Llc $187,500
Previous Owner Br Casa Series Llc $105,700
Previous Owner Sb Apartments Llc $50,846
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2016 05/06/16 Sold $32,000 -46.6% $9 / Sq Ft
03/15/2016 03/15/16 Pending -- -- --
12/29/2015 12/29/15 For Sale $59,900 -- $17 / 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 $2,813 $112,400 $9,800 $102,600
2023 $2,702 $112,600 $9,800 $102,800
2022 $2,702 $112,600 $9,800 $102,800
2021 $2,369 $96,900 $3,100 $93,800
2020 $2,368 $96,900 $3,100 $93,800
2019 $1,981 $96,900 $3,100 $93,800
2018 $1,304 $52,800 $3,100 $49,700
2017 $1,327 $51,500 $3,100 $48,400
2016 $1,344 $51,100 $2,700 $48,400
2014 $1,338 $51,200 $3,100 $48,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    John Tiffany

    Tiffany Group Real Estate Advisors LLC

  • J

    Seller Co-Listing Agent in 2016

    Justin Elias

    Tiffany Group Real Estate Advisors LLC

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201557107

Indiana Regional MLS

APN: 71-08-02-184-008.000-026

Indiana St Joseph County South Bend 46616 Near Northwest

1018 Sherman Ave, South Bend, IN

This home is located at 1018 Sherman Ave, South Bend, IN 46616 since 29 December 2015 and is currently estimated at $172,667, approximately $48 per square foot. This property was built in 1920. 1018 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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