NOT LISTED FOR SALE

1113 Lincolnway W Mishawaka, IN 46544

Estimated Value: $296,000 - $320,000

5 Beds
5 Baths
2,808 Sq Ft
$109/Sq Ft Est. Value

Last Sold June 19, 2020

Last sale price $215,000 $77 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,977/month

About This Home

As of June 2020

Pending at print. Great 5 unit building with many upgrades.

Last Agent to Sell the Property

Joshua Schirr

McKinnies Realty, LLC Elkhart Listed on: 06/02/2020

McKinnies Realty, LLC Elkhart

Last Buyer's Agent

Patricia Baba

Realty Plus, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,673

Year Built

  • Built in 1900

Lot Details

  • 8,346 Sq Ft Lot
  • Lot Dimensions are 56 x 149

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Schools

  • Lasalle Elementary School
  • John Young Middle School
  • Mishawaka High School

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for electric, heating, maintenance, sewer, tax, water
  • Assessor Parcel Number 71-09-16-157-003.000-023

Community Details

Overview

  • 5 Units
  • Baker Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,226
  • Fuel Expense $1,912
  • Insurance Expense $1,741
  • Maintenance Expense $500
  • Trash Expense $350
  • Water Sewer Expense $400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,673

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1900
  • Age: 120
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: LOT 67 ADAM S BAKERS 1ST
  • Parcel Number ID: 71-09-16-157-003.000-023
  • Platted: Yes
  • Amenities: Off Street Parking
  • Sp Lp Percent: 95.56
  • Monthly Gross Income: 3275
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 4212
  • Total Finished Sq Ft: 2808
  • Above Grade Finished Sq Ft: 2808
  • Below Grade Sq Ft: 1404
  • Price Per Sq Ft: 76.57
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Total Below Grade Sq Ft: 1404
  • Number Of Ranges Ovens: 5
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Fuel: Conventional
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 3226
  • Annual Fuel Expense: 1912
  • Annual Insurance Expense: 1741
  • Annual Maintenance Expense: 500
  • Annual Trash Expense: 350
  • Annual Water Sewer Expense: 400
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 56 x 149
  • Estimated Lot Sq Ft: 8346
  • Estimated Lot Size Acres: 0.1916
  • Lot Number: 67

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Heating, Maintenance, Sewer, Tax, Water
  • Tenant Pays: Cable

Tax Info

  • Total Assessed Value: 135900
  • Annual Property Tax: 2672.56

Multi Family

  • Gross Monthly Rent: 3275
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 5

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2020
Closed on
Jun 15, 2020
Sold by
Artisan Investment Group Llc
Bought by
Jdf Premium Properties Of Mishawaka Llc
Seller's Agent
Joshua Schirr
McKinnies Realty, LLC Elkhart
Buyer's Agent
Patricia Baba
Realty Plus, Inc.
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%
Current Estimated Value
$305,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,333
Avg. Annual Appreciation
6.88%

Purchase Details

Listed on
Oct 6, 2016
Closed on
Feb 27, 2017
Sold by
3D Investments Ltd
Bought by
Artisan Investment Group Llc
Seller's Agent
Bruce Gordon
Hallmark Real Estate, Inc.
Buyer's Agent
Bruce Gordon
Hallmark Real Estate, Inc.
List Price
$99,000
Sold Price
$99,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.40%
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
Jdf Premium Properties Of Mishawaka Llc -- Fidelity National Title
Artisan Investment Group Llc -- Fidelity National Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2020 06/19/20 Sold $215,000 -4.4% $77 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
06/02/2020 06/02/20 For Sale $225,000 +127.3% $80 / Sq Ft
02/27/2017 02/27/17 Sold $99,000 0.0% $35 / Sq Ft
01/04/2017 01/04/17 Pending -- -- --
10/06/2016 10/06/16 For Sale $99,000 -- $35 / 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 $4,373 $214,300 $24,000 $190,300
2023 $4,370 $186,300 $24,000 $162,300
2022 $4,370 $186,300 $24,000 $162,300
2021 $3,023 $128,200 $11,600 $116,600
2020 $3,366 $142,300 $12,900 $129,400
2019 $1,912 $135,900 $12,300 $123,600
2018 $2,673 $128,200 $11,600 $116,600
2017 $4,064 $126,900 $11,600 $115,300
2016 $2,375 $77,600 $11,600 $66,000
2014 $2,076 $76,800 $11,600 $65,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202020313

Indiana Regional MLS

APN: 71-09-16-157-003.000-023