$87,000
SOLD SEP 15, 2021

1020 Emerson Ave South Bend, IN 46615

4 Beds
3 Baths
1,676 Sq Ft
4,800 Sq Ft Lot

Recently Sold

$52 Per Sq Ft

17% Below List Price

2 Days on Market

About This Home

As of February 2023

3 Unit Investment opportunity! This building could use a little updating but it is rented and has good cash flow. Could be a great addition to your portfolio.

Last Agent to Sell the Property

Joshua Schirr

McKinnies Realty, LLC Elkhart Listed on: 08/17/2021

McKinnies Realty, LLC Elkhart

Last Buyer's Agent

Jen Arizmendi

Addresses Unlimited, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,198

Year Built

  • Built in 1908

Lot Details

  • 4,800 Sq Ft Lot
  • Lot Dimensions are 40 x 120
  • Chain Link Fence

Parking

  • 3 Parking Spaces

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property
  • Laminate Flooring
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit value
  • The owner pays for maintenance
  • Assessor Parcel Number 71-09-18-131-005.000-026

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $4,100
  • Fuel Expense $1,448
  • Insurance Expense $1,303
  • Water Sewer Expense $1,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,198

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1908
  • Age: 113
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Lot 59 Oakland PK
  • Parcel Number ID: 71-09-18-131-005.000-026
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 82.94
  • Monthly Gross Income: 1636
  • Special Features: None

Interior Features

  • Total Sq Ft: 2348
  • Total Finished Sq Ft: 1676
  • Above Grade Finished Sq Ft: 1676
  • Below Grade Sq Ft: 672
  • Price Per Sq Ft: 51.91
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Laminate
  • Total Below Grade Sq Ft: 672
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Aluminum
  • Fence: Chain Link
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 4100
  • Annual Fuel Expense: 1448
  • Annual Insurance Expense: 1303
  • Annual Water Sewer Expense: 1100
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: School City of Mishawaka
  • Elementary School: Beiger
  • Middle School: John Young
  • High School: Mishawaka

Lot Info

  • Lot Dimensions: 40 x 120
  • Estimated Lot Sq Ft: 4800
  • Estimated Lot Size Acres: 0.11

Rental Info

  • Owner Pays: Maintenance
  • Tenant Pays: Deposit Value

Tax Info

  • Total Assessed Value: 56400
  • Annual Property Tax: 1198

Multi Family

  • Gross Monthly Rent: 1630
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2024
Sold by
Crg Property Investments Llc
Bought by
Moon Group Investments Llc
Current Estimated Value
$154,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Outstanding Balance
$107,963
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$48,402

Purchase Details

Listed on
Nov 2, 2022
Closed on
Feb 22, 2023
Sold by
Clay Camille
Bought by
Crg Property Investments Llc
Seller's Agent
Jen Arizmendi
Addresses Unlimited, LLC
Buyer's Agent
Tarah Hiatt
Howard Hanna SB Real Estate
List Price
$135,000
Sold Price
$135,000
Views
144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.15%
Original Mortgage
$108,000
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 17, 2021
Closed on
Sep 13, 2021
Sold by
Artisan Investment Group Llc
Bought by
Clay Camille
Seller's Agent
Joshua Schirr
McKinnies Realty, LLC Elkhart
Buyer's Agent
Jen Arizmendi
Addresses Unlimited, LLC
List Price
$104,900
Sold Price
$87,000
Premium/Discount to List
-$17,900
-17.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.26%
Original Mortgage
$130,000
Interest Rate
2.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 15, 2019
Sold by
Colton Enterprises Llc
Bought by
Artisan Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,359
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2019
Sold by
Laidig Del
Bought by
Colton Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,359
Interest Rate
4.4%
Mortgage Type
New Conventional
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 $155,000 None Listed On Document
Warranty Deed $155,000 None Listed On Document
Warranty Deed $135,000 Fidelity National Title
Warranty Deed $87,000 Fidelity National Title
Warranty Deed -- Near North Title Group
Warranty Deed -- Near North Title Group
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $108,500 New Conventional
Closed $108,500 New Conventional
Previous Owner $108,000 New Conventional
Previous Owner $130,000 Seller Take Back
Previous Owner $39,359 New Conventional
Previous Owner $36,359 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2023 02/16/23 Sold $135,000 0.0% $81 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
11/02/2022 11/02/22 For Sale $135,000 +55.2% $81 / Sq Ft
09/15/2021 09/15/21 Sold $87,000 -17.1% $52 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $104,900 -- $63 / 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 $1,564 $63,700 $2,800 $60,900
2023 $1,521 $63,800 $2,800 $61,000
2022 $1,483 $61,800 $2,800 $59,000
2021 $1,202 $48,300 $2,500 $45,800
2020 $1,195 $48,000 $2,500 $45,500
2019 $1,169 $56,300 $2,400 $53,900
2018 $1,330 $53,900 $2,100 $51,800
2017 $1,369 $53,200 $2,100 $51,100
2016 $1,398 $53,200 $2,100 $51,100
2014 $1,377 $58,000 $2,400 $55,600
Source: Public Records

Agents Affiliated with this Home

  • Jen Arizmendi

    Seller's Agent in 2023

    Jen Arizmendi

    Addresses Unlimited, LLC

    (574) 245-0210

    254 Total Sales

    Section Image
  • Tarah Hiatt

    Buyer's Agent in 2023

    Tarah Hiatt

    Howard Hanna SB Real Estate

    (574) 339-7748

    99 Total Sales

    Section Image
  • Joshua Schirr

    Seller's Agent in 2021

    Joshua Schirr

    McKinnies Realty, LLC Elkhart

    (574) 606-7771

    101 Total Sales

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Map

Source: Indiana Regional MLS

MLS Number: 202133882

Indiana Regional MLS

APN: 71-09-18-131-005.000-026

Indiana St Joseph County South Bend 46615

1020 Emerson Ave, South Bend, IN

This home is located at 1020 Emerson Ave, South Bend, IN 46615 and is currently priced at $87,000, approximately $51 per square foot. This property was built in 1908. 1020 Emerson Ave is a home located in St. Joseph County with nearby schools including Nuner Fine Arts Academy, Jefferson Intermediate Traditional School, and Adams 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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