NOT LISTED FOR SALE

Estimated Value: $55,000 - $65,048

3 Beds
1 Bath
916 Sq Ft
$64/Sq Ft Est. Value

Last Sold June 22, 2021

Last sale price $42,000 $46 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $439/month

80 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • 1-Story Property
  • 1 Car Detached Garage

About This Home

As of June 2021

This Three bedroom home has been rented by the same family for over 2 years and it is their desire to remain. Current rent is low and is expected to be increased from $550 to going rate. Home has new roof and a detached garage. Great location.

Last Agent to Sell the Property

Chris Warter

Premier Properties of Michiana Inc. Listed on: 02/19/2021

Last Buyer's Agent

Darius Lipsey

Berkshire Hathaway HomeServices Northern Indiana Real Estate

Berkshire Hathaway HomeServices Northern Indiana Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $398

Year Built

  • Built in 1922

Lot Details

  • 4,787 Sq Ft Lot
  • Lot Dimensions are 38x126
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Poured Concrete

Interior Spaces

  • 1-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, heating, snow removal, trash collection, water
  • The owner pays for building insurance
  • Assessor Parcel Number 71-08-03-254-014.000-026

Community Details

Overview

  • 2 Buildings

Building Details

  • Insurance Expense $800
  • Maintenance Expense $400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$398

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1922
  • Age: 99
  • Style: One Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Lot 110 Mayers Mich Avenue Addition
  • Parcel Number ID: 71-08-03-254-014.000-026
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 89.36
  • Monthly Gross Income: 550
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1603
  • Total Finished Sq Ft: 916
  • Above Grade Finished Sq Ft: 916
  • Below Grade Sq Ft: 687
  • Price Per Sq Ft: 45.85
  • Basement: Yes
  • Basement Foundation: Crawl, Full Basement, Partially Finished
  • Basement Material: Poured Concrete
  • Flooring: Laminate
  • Total Below Grade Sq Ft: 687
  • Number Of Ranges Ovens: 1
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Aluminum
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 1

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 800
  • Annual Maintenance Expense: 400
  • Number Of W D Hookups: 1

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Muessel
  • Middle School: Brown
  • High School: Clay

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 38X126
  • Estimated Lot Sq Ft: 4787
  • Estimated Lot Size Acres: 0.1099
  • Lot Number: 110

Rental Info

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

Tax Info

  • Total Assessed Value: 19900
  • Annual Property Tax: 398

Multi Family

  • Gross Monthly Rent: 550
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of Washers: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2021
Closed on
Jun 22, 2021
Sold by
Ll Props Llc
Bought by
Jeffries Jared
Seller's Agent
Chris Warter
Premier Properties of Michiana Inc.
Buyer's Agent
Darius Lipsey
Berkshire Hathaway HomeServices Northern Indiana Real Estate
List Price
$49,000
Sold Price
$42,000
Premium/Discount to List
-$7,000
-14.29%
Total Days on Market
80
Current Estimated Value
$58,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,683
Avg. Annual Appreciation
9.45%
Original Mortgage
$33,600
Outstanding Balance
$30,815
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$29,194

Purchase Details

Closed on
Dec 22, 2020
Sold by
Doke Real Estate Llc
Bought by
Ll Props Llc
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
Jeffries Jared -- None Available
Ll Props Llc -- None Available
Ll Props Llc -- Metropolitan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jeffries Jared $33,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2021 06/22/21 Sold $42,000 -10.6% $46 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
05/04/2021 05/04/21 Price Changed $47,000 -4.1% $51 / Sq Ft
02/19/2021 02/19/21 For Sale $49,000 -- $53 / 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 $1,309 $55,100 $5,700 $49,400
2023 $1,274 $53,100 $5,700 $47,400
2022 $1,274 $53,100 $5,700 $47,400
2021 $1,099 $44,000 $700 $43,300
2020 $521 $19,900 $700 $19,200
2019 $463 $19,900 $700 $19,200
2018 $557 $27,400 $700 $26,700
2017 $714 $27,000 $700 $26,300
2016 $729 $27,000 $700 $26,300
2014 $680 $26,000 $700 $25,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202105224

Indiana Regional MLS

APN: 71-08-03-254-014.000-026