NOT LISTED FOR SALE

1131 S Main St Elkhart, IN 46516

Indiana Neighborhood

Estimated Value: $106,000 - $155,142

3 Beds
3 Baths
1,848 Sq Ft
$69/Sq Ft Est. Value

Last Sold November 09, 2017

Last sale price $23,000 $12 Per Sq Ft

Est. 458% increase in value since last sale

Current estimated payment $827/month

21 Days on Market

Highlights

  • Lake Property
  • Carpet
  • 3-minute walk to Third & Park Playground

About This Home

As of November 2017

Amazing opportunity to own this 3 unit. See attachment for PAS requirements and WFHM offer submittal information in MLS document section.

Last Agent to Sell the Property

David Miller

Berkshire Hathaway HomeServices Elkhart Listed on: 09/20/2017

Berkshire Hathaway HomeServices Elkhart

Last Buyer's Agent

Brad Beer

Heart City Realty LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1875

Lot Details

  • 6,599 Sq Ft Lot
  • Lot Dimensions are 50 x 132

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Carpet
  • Basement
  • Michigan Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Lake Property
  • Heating System Uses Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for water
  • Assessor Parcel Number 20-06-09-151-008.000-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1875
  • Style: Two Story
  • Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: MATHERS SD OF LOT 1 PLEASANT POINT LOT 1 (TIF 136)
  • Parcel Number ID: 20-06-09-151-008.000-012
  • Platted: Yes
  • Amenities: Basement
  • Special Features: None

Interior Features

  • Total Sq Ft: 2424
  • Total Finished Sq Ft: 1848
  • Above Grade Finished Sq Ft: 1848
  • Below Grade Sq Ft: 576
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 576
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City

Lot Info

  • Lot Description: Lake
  • Lot Dimensions: 50 x 132
  • Estimated Lot Sq Ft: 6599
  • Estimated Lot Size Acres: 0.1515
  • Lot Number: 1

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric

Tax Info

  • Annual Property Tax: 1258

Multi Family

  • Number Of Units: 3
  • Num Of1 Bedrooms: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2017
Closed on
Nov 8, 2017
Sold by
Wilmington Saving Fund Society Fsb
Bought by
1131 S Main Land Trust
Seller's Agent
David Miller
Berkshire Hathaway HomeServices Elkhart
Buyer's Agent
Brad Beer
Heart City Realty LLC
List Price
$27,500
Sold Price
$23,000
Premium/Discount to List
-$4,500
-16.36%
Current Estimated Value
$128,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,286
Avg. Annual Appreciation
23.74%

Purchase Details

Closed on
Jul 26, 2017
Sold by
Brouillette Richard L and Brouillette M P
Bought by
Citibank N A

Purchase Details

Closed on
Sep 14, 2012
Sold by
Broullette Daniel J
Bought by
Brouillette Richard L and Brouillette M P

Purchase Details

Closed on
Nov 20, 2006
Sold by
Brouillette Richard L and Brouillette M P
Bought by
Camara Mohamed S and 1131 South Main Street Land Trust

Purchase Details

Closed on
Oct 18, 2005
Sold by
Chupp Jeffery
Bought by
Brouillette Richard L and Brouillette M P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,450
Interest Rate
8.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 21, 2004
Sold by
Fannie Mae
Bought by
Chupp Jeffery

Purchase Details

Closed on
Mar 10, 2004
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 24, 2004
Sold by
Ricketts Alan D and Ricketts Shirley J
Bought by
Mortgage Electronic Registration Systems and Washington Mutual Bank Fa

Purchase Details

Closed on
May 1, 2001
Sold by
Schweinzger William L and Beane Thi
Bought by
Ricketts Alan D and Ricketts Shirley J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,900
Interest Rate
6.95%

Purchase Details

Closed on
Feb 12, 2001
Sold by
Lundy Gerald A and Lundy Tammy L
Bought by
Schweinzger William L and Beane Thi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
1131 S Main Land Trust -- None Available
Citibank N A $28,800 None Available
Brouillette Richard L -- Lawyers Title
Camara Mohamed S -- Metropolitan Title
Brouillette Richard L -- Metropolitan
Chupp Jeffery -- --
Federal National Mortgage Association -- --
Mortgage Electronic Registration Systems $68,680 --
Ricketts Alan D -- Metropolitan Title
Schweinzger William L -- Metropolitan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brouillette Richard L $54,450
Previous Owner Ricketts Alan D $72,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2017 11/09/17 Sold $23,000 -16.4% $12 / Sq Ft
10/11/2017 10/11/17 Pending -- -- --
09/20/2017 09/20/17 For Sale $27,500 -- $15 / 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 $1,845 $74,400 -- $74,400
2022 $1,845 $47,900 $9,800 $38,100
2021 $986 $47,900 $9,800 $38,100
2020 $1,049 $47,900 $9,800 $38,100
2019 $1,170 $53,700 $4,500 $49,200
2018 $1,022 $30,000 $4,500 $25,500
2017 $1,328 $60,500 $9,000 $51,500
2016 $1,273 $58,100 $9,000 $49,100
2014 $1,262 $59,200 $9,000 $50,200
2013 $1,348 $67,400 $9,000 $58,400
Source: Public Records

Agents Affiliated with this Home

  • David Miller

    Seller's Agent in 2017

    David Miller

    Berkshire Hathaway HomeServices Elkhart

    (574) 596-4835

    1 in this area

    310 Total Sales

    David Miller
    Section Image
  • Brad Beer

    Buyer's Agent in 2017

    Brad Beer

    Heart City Realty LLC

    (574) 875-5149

    334 Total Sales

    Brad Beer
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201743841

Indiana Regional MLS

APN: 20-06-09-151-008.000-012

Indiana Elkhart County Elkhart 46516 Indiana

1131 S Main St, Elkhart, IN

Not Listed for Sale

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