NOT LISTED FOR SALE

114 E 8th St Mishawaka, IN 46544

Estimated Value: $124,000 - $184,000

6 Beds
3 Baths
2,298 Sq Ft
$69/Sq Ft Est. Value

Last Sold May 29, 2015

Last sale price $80,000 $35 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $1,133/month

226 Days on Market

Highlights

  • Luxury Vinyl Tile Flooring
  • Forced Air Heating System
  • Level Lot

About This Home

As of May 2015

Great investment opportunity, Large house with 2 units in front, and 1 bedroom house in back. All 3 units in good rental condition, all 3 units rented at this time

Last Listed By

Sue Scott

Coldwell Banker Real Estate Group Listed on: 08/25/2014

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 4,600 Sq Ft Lot
  • Lot Dimensions are 115x40
  • Level Lot

Home Design

  • Triplex

Interior Spaces

  • 2,298 Sq Ft Home
  • 2-Story Property
  • Basement
  • Michigan Basement

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Schools

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

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 71-09-16-436-021.000-023

Community Details

Overview

  • 2 Buildings
  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $700
  • Water Sewer Expense $1,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1922
  • Age: 93
  • Style: Two Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Lot 16 McInernys 1st |
  • Parcel Number ID: 71-09-16-436-021.000-023
  • Platted: Yes
  • Amenities: Basement
  • Grid: 160 St. Joe Co.
  • Sp Lp Percent: 89.99
  • Monthly Gross Income: 1545
  • Year Taxes Payable: 2014
  • Special Features: None

Interior Features

  • Total Sq Ft: 2298
  • Total Finished Sq Ft: 2298
  • Above Grade Finished Sq Ft: 2298
  • Price Per Sq Ft: 34.81
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Flooring: Carpet, Vinyl Tile
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Stories: 2

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 700
  • Annual Water Sewer Expense: 1080
  • Number Of W D Hookups: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 115X40
  • Estimated Lot Sq Ft: 4600
  • Estimated Lot Size Acres: 0.1056

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric, Heating

Multi Family

  • Gross Monthly Rent: 1545
  • Number Of Dryers: 3
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 2952.8

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

Closed on
Jun 17, 2019
Sold by
Cold Spring Properties Llc
Bought by
M Group Llc-S Series 114 E 8Th
Total Days on Market
226
Current Estimated Value
$158,667

Purchase Details

Listed on
Aug 25, 2014
Closed on
May 29, 2015
Sold by
Gesto John Lynn
Bought by
Cold Spring Properties Llc
Seller's Agent
Sue Scott
Coldwell Banker Real Estate Group
List Price
$88,900
Sold Price
$80,000
Premium/Discount to List
-$8,900
-10.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%
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
M Group Llc-S Series 114 E 8Th -- None Available
Cold Spring Properties Llc -- Meridian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M Group Llc S Series $840,000
Closed M Group Llc S Series $53,809
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2015 05/29/15 Sold $80,000 -10.0% $35 / Sq Ft
04/08/2015 04/08/15 Pending -- -- --
08/25/2014 08/25/14 For Sale $88,900 -- $39 / 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 $2,939 $193,500 $15,100 $178,400
2023 $2,937 $125,200 $6,600 $118,600
2022 $2,937 $125,200 $6,600 $118,600
2021 $2,405 $116,300 $7,300 $109,000
2020 $2,458 $103,900 $8,100 $95,800
2019 $2,338 $98,400 $7,800 $90,600
2018 $2,756 $96,600 $7,300 $89,300
2017 $3,052 $95,300 $7,300 $88,000
2016 $2,577 $106,400 $7,300 $99,100
2014 $2,844 $105,200 $7,300 $97,900
2013 $2,953 $105,200 $7,300 $97,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201438061

Indiana Regional MLS

APN: 71-09-16-436-021.000-023