NOT LISTED FOR SALE

1022 S 32nd St South Bend, IN 46615

River Park Neighborhood

Estimated Value: $93,873 - $199,000

5 Beds
2 Baths
1,724 Sq Ft
$81/Sq Ft Est. Value

Last Sold March 22, 2019

Last sale price $40,000 $23 Per Sq Ft

Est. 247% increase in value since last sale

Current estimated payment $901/month

9 Days on Market

Highlights

  • Tile Flooring
  • Forced Air Heating and Cooling System
  • Level Lot
  • Adams High School Rated A-
  • Ceiling Fan

About This Home

As of March 2019

Great investment potential! 5 bed, 2 bath, 1,724 SF Duplex with the same tenants for 25+ years. $7,740 in annual rent income (subject to increase), gas-forced air furnace installed in 2018. Current rents are under market and can easily be increased to generate more income. If downstairs rent were increased to $525, an additional $3,300 would be made annually. Tenants pay all utilities! Contact us today for more information!

Last Agent to Sell the Property

Joseph Tiffany

Tiffany Group Real Estate Advisors LLC Listed on: 01/29/2019

Last Buyer's Agent

Jen Arizmendi

Addresses Unlimited, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 5,502 Sq Ft Lot
  • Lot Dimensions are 44x125
  • Level Lot

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Partially Finished Basement

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electric, fuel, sewer, trash collection, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 71-09-17-208-006.000-026

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $600
  • Maintenance Expense $300

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1912
  • Age: 107
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOT 66 FORDHAM ADD
  • Parcel Number ID: 71-09-17-208-006.000-026
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Off Street Parking
  • Sp Lp Percent: 89.89
  • Monthly Gross Income: 645
  • Special Features: None

Interior Features

  • Total Sq Ft: 1864
  • Total Finished Sq Ft: 1724
  • Above Grade Finished Sq Ft: 1724
  • Below Grade Sq Ft: 140
  • Price Per Sq Ft: 23.2
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Carpet, Tile
  • Total Below Grade Sq Ft: 140
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 1
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 600
  • Annual Maintenance Expense: 300
  • Number Of W D Hookups: 1

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Nuner
  • Middle School: Edison
  • High School: Adams

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 44x125
  • Estimated Lot Sq Ft: 5502
  • Estimated Lot Size Acres: 0.1263
  • Lot Number: 66

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Electric, Fuel, Sewer, Trash Collection, Water

Tax Info

  • Total Assessed Value: 41800
  • Annual Property Tax: 1035

Multi Family

  • Gross Monthly Rent: 645
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2019
Closed on
Mar 6, 2019
Sold by
Colton Enterprises Llc
Bought by
Two Brothers Real Estate Inves
Seller's Agent
Joseph Tiffany
Tiffany Group Real Estate Advisors LLC
Buyer's Agent
Jen Arizmendi
Addresses Unlimited, LLC
List Price
$44,500
Sold Price
$40,000
Premium/Discount to List
-$4,500
-10.11%
Current Estimated Value
$138,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,958
Avg. Annual Appreciation
21.85%
Source: Public Records

Range of Values:

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Average Value
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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
Two Brothers Real Estate Inves -- Near North Title
Colton Enterprises Llc -- Near North Title Group
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2019 03/22/19 Sold $40,000 -10.1% $23 / Sq Ft
02/07/2019 02/07/19 Pending -- -- --
01/29/2019 01/29/19 For Sale $44,500 -- $26 / 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 $1,971 $48,400 $6,100 $42,300
2023 $1,144 $48,000 $6,100 $41,900
2022 $1,152 $48,000 $6,100 $41,900
2021 $1,099 $43,100 $4,700 $38,400
2020 $1,077 $43,100 $4,700 $38,400
2019 $938 $42,600 $4,200 $38,400
2018 $1,041 $41,800 $4,200 $37,600
2017 $1,074 $41,400 $4,200 $37,200
2016 $1,097 $41,400 $4,200 $37,200
2014 $1,072 $66,600 $4,200 $62,400
Source: Public Records

Agents Affiliated with this Home

  • Joseph Tiffany

    Seller's Agent in 2019

    Joseph Tiffany

    Tiffany Group Real Estate Advisors LLC

    (574) 252-4111

    29 Total Sales

    Joseph Tiffany
    Section Image
  • Jen Arizmendi

    Buyer's Agent in 2019

    Jen Arizmendi

    Addresses Unlimited, LLC

    (574) 245-0210

    20 in this area

    247 Total Sales

    Jen Arizmendi
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201903234

Indiana Regional MLS

APN: 71-09-17-208-006.000-026

Indiana St Joseph County South Bend 46615 River Park

1022 S 32nd St, South Bend, IN

This home is located at 1022 S 32nd St, South Bend, IN 46615 since 29 January 2019 and is currently estimated at $138,958, approximately $80 per square foot. This property was built in 1912. 1022 S 32nd St 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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