NOT LISTED FOR SALE

1029 S 3rd St Elkhart, IN 46516

Indiana Neighborhood

Estimated Value: $111,000 - $136,000

3 Beds
2 Baths
1,680 Sq Ft
$71/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $86,500 $51 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $719/month

9 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • Level Lot
  • Ceramic Tile Flooring
  • Baseboard Heating
  • 2-minute walk to Third & Park Playground

About This Home

As of August 2022

Nice cash flow with this Elkhart Duplex. Both units are currently rented and in good condition. Newer furnace. Great property to add to your investment portfolio!

Last Agent to Sell the Property

David Stump

Berkshire Hathaway HomeServices Goshen Listed on: 06/29/2022

Berkshire Hathaway HomeServices Goshen

Last Buyer's Agent

Daryle Lambright

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $685

Year Built

  • Built in 1914

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 33x132
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Schools

  • Mary Beck Elementary School
  • Pierre Moran Middle School
  • Elkhart High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cooling, electric, fuel, heating, sewer, snow removal, water
  • The owner pays for building insurance, lawn maintenance, maintenance, tax
  • Assessor Parcel Number 20-06-08-277-029.000-012

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Maintenance Expense $2,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$685

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1914
  • Style: One and Half Story
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: L J CHAPMANS SE1/2 LOT 182
  • Parcel Number ID: 20-06-08-277-029.000-012
  • Platted: Yes
  • Amenities: Basement, Detector-Smoke, Porch Covered, Water Heater Electric, Water Heater Gas
  • Location: City/Town/Suburb
  • Special Features: None

Interior Features

  • Total Sq Ft: 2520
  • Total Finished Sq Ft: 1680
  • Above Grade Finished Sq Ft: 1680
  • Below Grade Sq Ft: 840
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Total Below Grade Sq Ft: 840
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Parking: Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1000
  • Annual Maintenance Expense: 2500
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Mary Beck

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 33x132
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Tax
  • Tenant Pays: Cooling, Electric, Fuel, Heating, Sewer, Snow Removal, Water

Tax Info

  • Annual Property Tax: 685

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1

MLS Schools

  • High School: Elkhart
  • Middle School: Pierre Moran
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2022
Closed on
Aug 17, 2022
Sold by
Greenway Homes 105 Llc
Bought by
Del Boca Vista Llc
Seller's Agent
David Stump
Berkshire Hathaway HomeServices Goshen
Buyer's Agent
Daryle Lambright
RE/MAX Results
List Price
$90,000
Sold Price
$86,500
Premium/Discount to List
-$3,500
-3.89%
Current Estimated Value
$119,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,088
Avg. Annual Appreciation
10.22%
Original Mortgage
$71,553
Outstanding Balance
$68,408
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$51,180

Purchase Details

Closed on
Jul 20, 2016
Sold by
Dan Weiss and Weiss Roxanne
Bought by
Greenway Homes 105 Llc

Purchase Details

Closed on
May 19, 2009
Sold by
Aurora Loan Services Llc
Bought by
Weiss Dan and Weiss Roxanne

Purchase Details

Closed on
Jan 28, 2009
Sold by
Miller Ronald R and Miller Debra J
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Dec 15, 2005
Sold by
Max Richard L
Bought by
Miller Ronald R and Miller Debra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,300
Interest Rate
9.05%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Del Boca Vista Llc -- Near North Title Group
Greenway Homes 105 Llc -- None Available
Weiss Dan -- Security Title Services Llc
Aurora Loan Services Llc $56,320 None Available
Miller Ronald R -- Title Works
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Del Boca Vista Llc $71,553
Previous Owner Miller Ronald R $60,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2022 08/12/22 Sold $86,500 -3.9% $51 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
06/29/2022 06/29/22 For Sale $90,000 -- $54 / 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 $1,104 $57,100 $5,900 $51,200
2022 $1,104 $33,000 $5,900 $27,100
2021 $684 $33,000 $5,900 $27,100
2020 $728 $33,000 $5,900 $27,100
2019 $750 $34,200 $5,900 $28,300
2018 $805 $36,500 $5,900 $30,600
2017 $764 $34,500 $5,900 $28,600
2016 $732 $33,100 $5,900 $27,200
2014 $721 $33,800 $5,900 $27,900
2013 $768 $38,400 $5,900 $32,500
Source: Public Records

Agents Affiliated with this Home

  • David Stump

    Seller's Agent in 2022

    David Stump

    Berkshire Hathaway HomeServices Goshen

    (574) 238-0929

    2 in this area

    76 Total Sales

    David Stump
    Section Image
  • Daryle Lambright

    Buyer's Agent in 2022

    Daryle Lambright

    RE/MAX

    (574) 238-4587

    1 in this area

    92 Total Sales

    Daryle Lambright
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202226337

Indiana Regional MLS

APN: 20-06-08-277-029.000-012

Indiana Elkhart County Elkhart 46516 Indiana

1029 S 3rd St, Elkhart, IN

Not Listed for Sale

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