NOT LISTED FOR SALE

1101 Fulton St Elkhart, IN 46514

Bower Neighborhood

Estimated Value: $203,000 - $261,443

3 Beds
4 Baths
2,352 Sq Ft
$103/Sq Ft Est. Value

Last Sold March 22, 2023

Last sale price $240,000 $102 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,550/month

11 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Carpet

About This Home

As of March 2023

Awesome four-unit moneymaker in popular Strong Ave area. This fully occupied investment home collects $3025 in rent per month and has had consistent occupancy for decades. All of the units have nice layouts and are well maintained. Currently the owner pays all utilities. This home provides a nice steady flow of income, is easy to fill, and will provide immediate return on investment for a new buyer!

Last Listed By

Brad Beer

Heart City Realty LLC Listed on: 02/14/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,140

Year Built

  • Built in 1904

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x97
  • Rural Setting
  • Corner Lot

Parking

  • 2 Parking Spaces

Home Design

  • Quadruplex
  • Brick Foundation
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Block Basement Construction

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Schools

  • Mary Daly Elementary School
  • West Side Middle School
  • Elkhart High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for building insurance, electric, heating, lawn maintenance, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 20-06-06-406-009.000-012

Community Details

Overview

  • 4 Units
  • Ward Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $2,668
  • Fuel Expense $2,293
  • Water Sewer Expense $987

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,140

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1904
  • Age: 119
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: WARDS FIRST ADD EX 40FT S END LOT 3
  • Parcel Number ID: 20-06-06-406-009.000-012
  • Platted: Yes
  • Amenities: Basement
  • Inside City Limits: Yes
  • Location: Rural Subdivision
  • Sp Lp Percent: 100
  • Monthly Gross Income: 3025
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 2912
  • Total Finished Sq Ft: 2352
  • Above Grade Finished Sq Ft: 2352
  • Below Grade Sq Ft: 560
  • Price Per Sq Ft: 102.04
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Basement Material: Block, Brick
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 560
  • Number Of Ranges Ovens: 4

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 2668
  • Annual Fuel Expense: 2293
  • Annual Water Sewer Expense: 987

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Mary Daly
  • Middle School: West Side
  • High School: Elkhart
  • Elementary School: Mary Daly

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 50X97
  • Estimated Lot Sq Ft: 4792
  • Estimated Lot Size Acres: 0.11

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Electric, Heating, Lawn Maintenance, Sewer, Snow Removal, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 3025
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 2
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 1140

MLS Schools

  • High School: Elkhart
  • Middle School: West Side
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2023
Closed on
Mar 29, 2023
Sold by
White Christopher A
Bought by
Hochstetler Lucas
Seller's Agent
Brad Beer
Heart City Realty LLC
Buyer's Agent
Lisa Schrock
Berkshire Hathaway HomeServices Elkhart
List Price
$240,000
Sold Price
$240,000
Total Days on Market
11
Views
73
Current Estimated Value
$242,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,611
Avg. Annual Appreciation
0.34%

Purchase Details

Closed on
Jan 14, 2004
Sold by
Keller Vance D and Keller Laura L
Bought by
White Christopher A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,850
Interest Rate
5.88%
Mortgage Type
Unknown

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
Hochstetler Lucas $240,000 Fidelity National Title Compan
White Christopher A -- Century Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White Christopher A $86,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2023 03/22/23 Sold $240,000 0.0% $102 / Sq Ft
02/25/2023 02/25/23 Pending -- -- --
02/14/2023 02/14/23 For Sale $240,000 -- $102 / 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 $2,462 $184,400 $15,400 $169,000
2022 $2,462 $56,000 $15,400 $40,600
2021 $1,155 $56,000 $15,400 $40,600
2020 $1,228 $56,000 $15,400 $40,600
2019 $1,374 $63,000 $4,100 $58,900
2018 $967 $43,800 $4,100 $39,700
2017 $970 $43,800 $4,100 $39,700
2016 $967 $43,800 $4,100 $39,700
2014 $938 $43,800 $4,100 $39,700
2013 $1,120 $55,800 $15,400 $40,400
Source: Public Records

Agents Affiliated with this Home

  • Brad Beer

    Seller's Agent in 2023

    Brad Beer

    Heart City Realty LLC

    (574) 875-5149

    1 in this area

    292 Total Sales

    Brad Beer
    Section Image
  • Lisa Schrock

    Buyer's Agent in 2023

    Lisa Schrock

    Berkshire Hathaway HomeServices Elkhart

    (574) 538-9366

    5 in this area

    478 Total Sales

    Lisa Schrock
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202304141

Indiana Regional MLS

APN: 20-06-06-406-009.000-012

Indiana Elkhart County Elkhart 46514 Bower

1101 Fulton St, Elkhart, IN

Homes for Sale in Elkhart, IN

This home is located at 1101 Fulton St, Elkhart, IN 46514 since 14 February 2023 and is currently estimated at $242,611, approximately $103 per square foot. This property was built in 1904. 1101 Fulton St is a home located in Elkhart County with nearby schools including Mary Daly Elementary School, West Side Middle School, and Elkhart 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.