NOT LISTED FOR SALE

1164 E Indiana Ave South Bend, IN 46613

Estimated Value: $90,000 - $162,000

3 Beds
2 Baths
1,594 Sq Ft
$77/Sq Ft Est. Value

Last Sold June 07, 2019

Last sale price $20,120 $13 Per Sq Ft

Est. 509% increase in value since last sale

Current estimated payment $923/month

278 Days on Market

About This Home

As of June 2019

MOTIVATED SELLER. ALL OFFERS CONSIDERED. GREAT INVESTMENT OPPORTUNITY! 2-unit duplex on large corner lot. Main level recently rented for $700/month. Upper level has rented for $480/month in the past. Common area in basement includes washer (new in 2018) & dryer (new in 2016) and storage for both units. Separate electric and gas meters. Close to shopping and schools. Buyers to verify taxes and school information. Vacant. Go & show.

Last Buyer's Agent

Jen Arizmendi

Addresses Unlimited, LLC

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,954

Year Built

1904

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1904
  • Age: 115
  • Style: One and Half Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOT 6 EX 50 FT S END FISHERS S SIDE SURVEY |
  • Parcel Number ID: 71-09-18-305-004.000-026
  • Platted: Yes
  • Amenities: Basement, Porch Covered
  • Sp Lp Percent: 49.19
  • Special Features: None

Interior Features

  • Total Sq Ft: 1872
  • Total Finished Sq Ft: 1594
  • Above Grade Finished Sq Ft: 1594
  • Below Grade Sq Ft: 278
  • Price Per Sq Ft: 12.62
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Flooring: Carpet, Laminate, Vinyl
  • Total Below Grade Sq Ft: 278
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Aluminum, Vinyl
  • Stories: 2

Garage/Parking

  • Parking: Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 960
  • Annual Fuel Expense: 1392
  • Annual Insurance Expense: 507
  • Annual Water Sewer Expense: 936
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Common Amenities: Laundry Facilities

Schools

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

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 100x48
  • Estimated Lot Sq Ft: 4800
  • Estimated Lot Size Acres: 0.1102

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Electric, Heating, Tax, Water
  • Tenant Pays: Cable, Lawn Maintenance

Tax Info

  • Annual Property Tax: 1595.38

Multi Family

  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2018
Closed on
Jun 7, 2019
Sold by
Carter David L
Bought by
Brothers Real Estate Investmen
Buyer's Agent
Jen Arizmendi
Addresses Unlimited, LLC
List Price
$69,900
Sold Price
$20,120
Premium/Discount to List
-$49,780
-71.22%
Current Estimated Value
$122,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,485
Avg. Annual Appreciation
35.73%
Original Mortgage
$32,120
Outstanding Balance
$28,532
Interest Rate
4.1%
Mortgage Type
Seller Take Back
Estimated Equity
$103,572
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
Brothers Real Estate Investmen -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brothers Real Estate Investmen $32,120
Closed Two Brothers Real Estate Inves $32,120
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2019 06/07/19 Sold $20,120 -50.8% $13 / Sq Ft
05/21/2019 05/21/19 Pending -- -- --
04/14/2019 04/14/19 Price Changed $40,900 -10.9% $26 / Sq Ft
03/11/2019 03/11/19 Price Changed $45,900 -8.0% $29 / Sq Ft
12/16/2018 12/16/18 Price Changed $49,900 -9.1% $31 / Sq Ft
09/07/2018 09/07/18 Price Changed $54,900 -15.4% $34 / Sq Ft
08/30/2018 08/30/18 Price Changed $64,900 -7.2% $41 / Sq Ft
08/16/2018 08/16/18 For Sale $69,900 -- $44 / 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 $2,954 $76,900 $7,400 $69,500
2023 $1,789 $74,500 $7,400 $67,100
2022 $1,810 $74,500 $7,400 $67,100
2021 $1,585 $63,300 $1,700 $61,600
2020 $1,563 $63,300 $1,700 $61,600
2019 $1,304 $63,000 $1,600 $61,400
2018 $1,548 $63,000 $1,600 $61,400
2017 $1,595 $62,200 $1,600 $60,600
2016 $1,629 $62,200 $1,600 $60,600
2014 $1,603 $61,300 $1,600 $59,700
Source: Public Records

Agents Affiliated with this Home

  • Jen Arizmendi

    Buyer's Agent in 2019

    Jen Arizmendi

    Addresses Unlimited, LLC

    (574) 245-0210

    254 Total Sales

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Map

Source: Indiana Regional MLS

MLS Number: 201836751

Indiana Regional MLS

APN: 71-09-18-305-004.000-026

Indiana St Joseph County South Bend 46613

1164 E Indiana Ave, South Bend, IN

This home is located at 1164 E Indiana Ave, South Bend, IN 46613 since 16 August 2018 and is currently estimated at $122,605, approximately $76 per square foot. This property was built in 1904. 1164 E Indiana Ave 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.

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