$99,000
SOLD FEB 27, 2017

1113 Lincolnway W Mishawaka, IN 46544

5 Beds
5 Baths
2,808 Sq Ft
8,346 Sq Ft Lot

Recently Sold

$35 Per Sq Ft

90 Days on Market

Highlights

  • Detached Second Garage
  • Storm Windows
  • Level Lot
  • Covered Patio or Porch
  • Forced Air Heating System
  • 1-minute walk to Lincoln Park

About This Home

As of June 2020

Mishawaka 5 Unit Apartments near walking paths and 100 Center. Additional Income from a 4 car Block Garage that collects $50.00 per stall. Good Rental History , 4- 1 BR Apt at $485, 1 of the 1 BR rents at $515 , Efficiency at $320. per month plus $200 per month for garage rental. Owner pays for Gas for heat , Water , Trash , Hot Water , Exterior mowing / Snow removal and Electric. Several Apt's updated , Basement split into 2 sides. This property is maintained by local owner. Address is 1113 and 1115 LWW. 3 Tenants at property for over 2 years. Zoning is R3 Multi Family Residential

Last Agent to Sell the Property

Bruce Gordon

Hallmark Real Estate, Inc. Listed on: 10/06/2016

Last Buyer's Agent

Bruce Gordon

Hallmark Real Estate, Inc. Listed on: 10/06/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,156

Year Built

  • Built in 1900

Lot Details

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

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Storm Windows
  • Laminate Countertops
  • Partially Finished Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Detached Second Garage
  • Driveway
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • High-Efficiency Furnace
  • Heating System Uses Gas

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, heating, lawn maintenance, maintenance, sewer, snow removal, tax, trash collection, water
  • Assessor Parcel Number 71-09-16-157-003.000-023

Community Details

Overview

  • 5 Units

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,657
  • Fuel Expense $3,743
  • Insurance Expense $841
  • Maintenance Expense $3,400
  • Trash Expense $485
  • Water Sewer Expense $1,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,156

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1900
  • Age: 117
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: LOT 67 ADAM S BAKER 1 ST
  • Parcel Number ID: 71-09-16-157-003.000-023
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Near Walking Trail, Countertops-Laminate, Porch Covered, Storm Windows
  • Cross Street: East of Logan
  • Location: City/Town/Suburb, Near Walking Trail
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 100
  • Monthly Gross Income: 2490
  • Special Features: None

Interior Features

  • Total Sq Ft: 4088
  • Total Finished Sq Ft: 2808
  • Above Grade Finished Sq Ft: 2808
  • Below Grade Sq Ft: 1280
  • Price Per Sq Ft: 35.26
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 1280
  • Number Of Ranges Ovens: 5
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 2
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 960

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Mishawaka Utility
  • Gas Company: NIPSCO
  • Hvac: High Efficiency Furnace
  • Annual Electric: 1657
  • Annual Fuel Expense: 3743
  • Annual Insurance Expense: 841
  • Annual Maintenance Expense: 3400
  • Annual Trash Expense: 485
  • Annual Water Sewer Expense: 1300
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 56 x 149
  • Estimated Lot Sq Ft: 8346
  • Estimated Lot Size Acres: 0.1916
  • Zoning: R3 - Multiple Family Residential

Rental Info

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

Multi Family

  • Gross Monthly Rent: 2490
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Num Of1 Bedrooms: 4
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 5

Tax Info

  • Annual Property Tax: 2156

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 Type Sale Price Title Company
Warranty Deed -- Fidelity National Title
Warranty Deed -- 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: 201646787

Indiana Regional MLS

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