NOT LISTED FOR SALE

1207 S Main St Elkhart, IN 46516

Indiana Neighborhood

Estimated Value: $138,000 - $161,000

3 Beds
5 Baths
2,100 Sq Ft
$73/Sq Ft Est. Value

Last Sold August 28, 2015

Last sale price $20,000 $10 Per Sq Ft

Est. 666% increase in value since last sale

Current estimated payment $979/month

432 Days on Market

Highlights

  • Tile Flooring
  • Level Lot
  • 3-minute walk to Third & Park Playground
  • Forced Air Heating System

About This Home

As of August 2015

If you're not in the game yet, then this is your chance to hit a home run. Seasoned investors will tell you that a multi-unit like this rarely hits the market. This value-add property will be bringing you cash flow well into your golden age. Five units with 5 separate electric meters. All that's left is a little TLC and you're ready to go. Hurry! As I said these are rare.

Last Agent to Sell the Property

William Schweinzger

Berkshire Hathaway HomeServices Elkhart Listed on: 06/06/2014

Last Buyer's Agent

Tiffany McFadden

Berkshire Hathaway HomeServices Elkhart

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 50 x 168
  • Level Lot

Home Design

  • Brick Foundation
  • Poured Concrete
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property

Flooring

  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Full Bathrooms

Partially Finished Basement

  • Michigan Basement
  • Block Basement Construction
  • 5 Bathrooms in Basement
  • Crawl Space

Location

  • Suburban Location

Schools

  • Roosevelt Elementary School
  • Pierre Moran Middle School
  • Elkhart Central High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 5 Units

Listing and Financial Details

  • The owner pays for building insurance, electric, fuel, heating, lawn maintenance, maintenance, snow removal, sewer, tax, trash collection, water
  • Assessor Parcel Number 20-06-09-157-019.000-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1921
  • Style: Two Story
  • Bedrooms: 3
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: Pleasant Point 36x107 FT SE COR LOT 2 |
  • Parcel Number ID: 20-06-09-157-019.000-012
  • Platted: Yes
  • Amenities: Water Heater Electric, Water Heater Gas
  • Location: City/Town/Suburb
  • Parcel Id2: 200609157020000012
  • Special Features: None

Interior Features

  • Total Sq Ft: 3468
  • Total Finished Sq Ft: 2100
  • Above Grade Finished Sq Ft: 2100
  • Below Grade Sq Ft: 1368
  • Basement: Yes
  • Basement Foundation: Crawl, Michigan Basement, Partial Basement, Unfinished
  • Basement Material: Block, Brick, Poured Concrete
  • Flooring: Tile, Vinyl Tile
  • Number Below Grade Bathrooms: 5
  • Total Below Grade Sq Ft: 1368

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City

Schools

  • Elementary School: Roosevelt

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50 x 168
  • Estimated Lot Sq Ft: 8276
  • Estimated Lot Size Acres: 0.19

Rental Info

  • Owner Pays: Building Insurance, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Snow Removal, Sewer, Tax, Trash Collection, Water

Tax Info

  • Annual Property Tax: 1791.5

Multi Family

  • Number Of Units: 5
  • Num Of1 Bedrooms: 3
  • Num Of Efficiencies: 2

MLS Schools

  • High School: Elkhart Central
  • Middle School: Pierre Moran
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2014
Sold by
J & M Rentals Llc
Bought by
Talmer West Bank
Current Estimated Value
$153,218

Purchase Details

Closed on
Sep 9, 2008
Sold by
Statler Mary Jane
Bought by
J & M Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
6.54%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 30, 2004
Sold by
Stuart W Statler Living Trust
Bought by
The Stuart W Statler Living Trust
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
Talmer West Bank -- Fidelity National Title Co L
J & M Rentals Llc -- Lawyers Title
The Stuart W Statler Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner J & M Rentals Llc $44,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2015 08/28/15 Sold $20,000 -37.5% $10 / Sq Ft
08/12/2015 08/12/15 Pending -- -- --
06/06/2014 06/06/14 For Sale $32,000 -- $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 $2,102 $109,700 $6,100 $103,600
2022 $2,102 $48,000 $6,100 $41,900
2021 $2,223 $108,900 $6,100 $102,800
2020 $1,052 $105,700 $7,500 $98,200
2019 $2,162 $100,200 $7,500 $92,700
2018 $2,195 $101,400 $7,500 $93,900
2017 $2,117 $97,200 $7,500 $89,700
2016 $2,112 $97,200 $7,500 $89,700
2014 $1,948 $91,400 $7,500 $83,900
2013 $1,784 $89,200 $7,500 $81,700
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2015

    William Schweinzger

    Berkshire Hathaway HomeServices Elkhart

  • T

    Buyer's Agent in 2015

    Tiffany McFadden

    Berkshire Hathaway HomeServices Elkhart

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201422688

Indiana Regional MLS

APN: 20-06-09-157-019.000-012

Indiana Elkhart County Elkhart 46516 Indiana

1207 S Main St, Elkhart, IN

Not Listed for Sale

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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