NOT LISTED FOR SALE

112 E Bowman St South Bend, IN 46613

Southeast South Bend Neighborhood

Estimated Value: $82,000 - $105,000

4 Beds
2 Baths
1,664 Sq Ft
$54/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $87,000 $52 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $555/month

10 Days on Market

About This Home

As of May 2024

Cha-ching! Check out this rent-ready duplex at a great price! This home is vacant & cleaned out and ready for you to fill with 2 new tenants. Upstairs has 2-3 bedrooms depending how you use the space and main floor has 1-2 bedrooms available. Nice location on a side street, but close to shopping, schools, and restaurants. There are separate electric meters, so tenants can pay that bill and owner just will have heat and water to pay for. Current owner has not owned the home long so we don't have historical numbers on rent and expenses- the figures used on this listing were estimated. Buyer/buyers agent to verify financial figures, sf, rents, zoning, room uses/sizes, and schools.

Last Listed By

Brad Beer

Heart City Realty LLC Brokerage Phone: 574-596-0376 Listed on: 04/08/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $605

Year Built

  • Built in 1921

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 40x85

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Location

  • Suburban Location

Schools

  • Lincoln Elementary School
  • Jackson Middle School
  • Riley High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, heating, lawn maintenance, sewer, trash collection, water
  • Assessor Parcel Number 71-08-13-377-005.000-026

Community Details

Overview

  • 2 Units
  • Bowman Subdivision

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $1,200
  • Insurance Expense $1,200
  • Water Sewer Expense $600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$605

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1921
  • Age: 103
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Lots 54-55 40 Ft E End Each Bowmans 4th Add
  • Parcel Number ID: 71-08-13-377-005.000-026
  • Platted: Yes
  • Amenities: Basement
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 87.09
  • Annual Miscellaneous: 1200
  • Monthly Gross Income: 2000
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 2496
  • Total Finished Sq Ft: 1664
  • Above Grade Finished Sq Ft: 1664
  • Below Grade Sq Ft: 832
  • Price Per Sq Ft: 52.28
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Wood
  • Total Below Grade Sq Ft: 832

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 Fuel Expense: 1200
  • Annual Insurance Expense: 1200
  • Annual Water Sewer Expense: 600
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Water Meters: 1

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Lincoln
  • Middle School: Jackson
  • High School: Riley
  • Elementary School: Lincoln

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 40X85
  • Estimated Lot Sq Ft: 3485
  • Estimated Lot Size Acres: 0.08

Rental Info

  • Owner Pays: Building Insurance, Heating, Lawn Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 2000
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Number Of 3 Bedrooms: 1

Tax Info

  • Annual Property Tax: 605

MLS Schools

  • High School: Riley
  • Middle School: Jackson
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2024
Closed on
May 17, 2024
Sold by
Colombatti Dante
Bought by
Avanti Indiana Llc
Seller's Agent
Brad Beer
Heart City Realty LLC
Buyer's Agent
ECBOR NonMember
NonMember ELK
List Price
$99,900
Sold Price
$87,000
Premium/Discount to List
-$12,900
-12.91%
Total Days on Market
10
Views
44
Current Estimated Value
$89,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,923
Avg. Annual Appreciation
-4.28%
Original Mortgage
$60,750
Outstanding Balance
$60,227
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$23,157

Purchase Details

Closed on
Jan 26, 2024
Sold by
Sobieralski Walter and Sobieralski Joyce J
Bought by
Super Smash Brothers Llc

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
Avanti Indiana Llc $87,000 None Listed On Document
Colombatti Dante $87,000 None Listed On Document
Super Smash Brothers Llc $53,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colombatti Dante $60,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2024 05/17/24 Sold $87,000 -12.9% $52 / Sq Ft
04/18/2024 04/18/24 Pending -- -- --
04/08/2024 04/08/24 For Sale $99,900 -- $60 / 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 $687 $68,800 $5,300 $63,500
2023 $601 $25,200 $1,600 $23,600
2022 $605 $25,200 $1,600 $23,600
2021 $645 $59,900 $1,600 $58,300
2020 $629 $24,400 $1,600 $22,800
2019 $531 $24,400 $1,600 $22,800
2018 $626 $24,400 $1,600 $22,800
2017 $642 $24,100 $1,600 $22,500
2016 $655 $24,100 $1,600 $22,500
2014 $685 $26,200 $1,600 $24,600
Source: Public Records

Agents Affiliated with this Home

  • Brad Beer

    Seller's Agent in 2024

    Brad Beer

    Heart City Realty LLC

    (574) 875-5149

    5 in this area

    292 Total Sales

    Brad Beer
    Section Image

  • E

    Buyer's Agent in 2024

    ECBOR NonMember

    NonMember ELK

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Map

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Source: Indiana Regional MLS

MLS Number: 202411561

Indiana Regional MLS

APN: 71-08-13-377-005.000-026

Indiana St Joseph County South Bend 46613 Southeast South Bend

112 E Bowman St, South Bend, IN

Homes for Sale in South Bend, IN

This home is located at 112 E Bowman St, South Bend, IN 46613 since 08 April 2024 and is currently estimated at $89,923, approximately $54 per square foot. This property was built in 1921. 112 E Bowman St is a home located in St. Joseph County with nearby schools including Lincoln Elementary School, Jackson Middle School, and Riley 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.