NOT LISTED FOR SALE

Estimated Value: $290,000 - $578,000

3 Beds
3 Baths
2,008 Sq Ft
$181/Sq Ft Est. Value

Last Sold December 13, 2017

Last sale price $152,500 $76 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $2,255/month

472 Days on Market

Highlights

  • Luxury Vinyl Tile Flooring
  • Adams High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of December 2017

100% Leased. 3 Unit rental property near the campus of Notre Dame. Unit #1 is a second floor unit with Living room, Eat-in Kitchen, 1 Bedroom, Bathroom $650/Monthly. Unit #2 is a main floor unit with Eat-in Kitchen, Living room & Den, 1 Bedroom, Bathroom $650/Monthly. Unit #3 is a main floor unit with Eat-in Kitchen, Living room, 1 Bedroom, Bathroom $650/Monthly. All Appliances for all units included. Off street parking, common laundry area. Landlord pays utilities averages $280.00 per monthly.

Last Listed By

Doris Portolese

Berkshire Hathaway HomeServices Northern Indiana Real Estate Listed on: 08/12/2016

Berkshire Hathaway HomeServices Northern Indiana Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,646

Year Built

  • Built in 1922

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 159x33

Parking

  • 6 Parking Spaces

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Basement
  • Michigan Basement

Flooring

  • Partially Carpeted
  • Laminate
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Schools

  • Perley Elementary School
  • Edison Middle School
  • Adams High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for building insurance, electric, fuel, snow removal, tax, trash collection, water
  • Assessor Parcel Number 71-08-01-251-009.000-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,646

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1922
  • Age: 95
  • Style: One and Half Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: IN LISTING OFFICE |
  • Parcel Number ID: 71-08-01-251-009.000-026
  • Platted: Yes
  • Amenities: Basement
  • Grid: South Bend NE
  • Sp Lp Percent: 89.76
  • Monthly Gross Income: 1925
  • Year Taxes Payable: 2016 pay 2017
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2640
  • Total Finished Sq Ft: 2008
  • Above Grade Finished Sq Ft: 2008
  • Below Grade Sq Ft: 632
  • Price Per Sq Ft: 75.95
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Flooring: Laminate, Part Carpet, Vinyl Tile
  • Total Below Grade Sq Ft: 632
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Central Air, Wall AC, Window
  • Heating Fuel: Gas, Forced Air, Wall Heater
  • Sewer: City
  • Water Utilities: City

Schools

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

Lot Info

  • Lot Dimensions: 159X33
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Building Insurance, Electric, Fuel, Snow Removal, Tax, Trash Collection, Water

Tax Info

  • Total Assessed Value: 91700
  • Annual Property Tax: 1646

Multi Family

  • Gross Monthly Rent: 1950
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 3
  • Num Of Units Rented: 3

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2019
Sold by
Baggett Corey J
Bought by
Haraka Llc
Total Days on Market
472
Current Estimated Value
$362,567

Purchase Details

Listed on
Aug 12, 2016
Closed on
Dec 13, 2017
Sold by
Indiana Land Trt
Bought by
Baggett Corey J and Baggett Jaclyn R
Seller's Agent
Doris Portolese
Berkshire Hathaway HomeServices Northern Indiana Real Estate
Buyer's Agent
Mike Moore
Milestone Realty, LLC
List Price
$169,900
Sold Price
$152,500
Premium/Discount to List
-$17,400
-10.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.88%

Purchase Details

Closed on
Aug 10, 2016
Sold by
Perry Melanie and Nelmes Kevin
Bought by
Indiana Land Trt

Purchase Details

Closed on
May 20, 2016
Sold by
Grabill Joseph S
Bought by
Nelmes Kevin and Nelmes Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
3.64%

Purchase Details

Closed on
Jun 23, 2005
Sold by
Holleman William F and Holleman Phyllis G
Bought by
Portolese Doris J and Indiana Land Trust 2410

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
Haraka Llc -- None Available
Baggett Corey J -- --
Indiana Land Trt -- --
Nelmes Kevin -- --
Portolese Doris J -- Metropolitan Title In Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nelmes Susan $170,000
Previous Owner Indiana Land Trust $52,237
Previous Owner Indiana Land Trust $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2017 12/13/17 Sold $152,500 -10.2% $76 / Sq Ft
11/27/2017 11/27/17 Pending -- -- --
08/12/2016 08/12/16 For Sale $169,900 -- $85 / 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 $2,699 $107,400 $11,100 $96,300
2023 $2,570 $107,800 $11,400 $96,400
2022 $2,649 $110,400 $11,400 $99,000
2021 $2,359 $96,500 $6,100 $90,400
2020 $2,359 $96,500 $6,100 $90,400
2019 $1,973 $96,500 $6,100 $90,400
2018 $2,712 $111,800 $7,100 $104,700
2017 $2,510 $98,800 $7,100 $91,700
2016 $1,686 $64,500 $4,600 $59,900
2014 $938 $35,900 $4,500 $31,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201637732

Indiana Regional MLS

APN: 71-08-01-251-009.000-026