NOT LISTED FOR SALE

121 E 7th St Mishawaka, IN 46544

Estimated Value: $146,000 - $195,000

4 Beds
2 Baths
1,712 Sq Ft
$100/Sq Ft Est. Value

Last Sold May 24, 2022

Last sale price $68,000 $40 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $1,146/month

239 Days on Market

About This Home

As of May 2022

Currently rented to a family, tenants have been in home for many years. Tenant pays all utilities.

Last Agent to Sell the Property

Michelle Bordeau

SUNRISE Realty Listed on: 06/10/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1897

Lot Details

  • 6,843 Sq Ft Lot
  • Lot Dimensions are 59 x 116

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2-Story Property
  • Carpet
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Insurance Expense $800
  • Maintenance Expense $500

Listing and Financial Details

  • Tenant pays for cable, electric, heating, lawn maintenance, sewer, snow removal, trash collection, water
  • The owner pays for building insurance, tax
  • Assessor Parcel Number 71-09-16-436-005.000-023

Property Details

Home Type

Multi-Family

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1897
  • Age: 125
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOT 27 E J PERKINS
  • Parcel Number ID: 71-09-16-436-005.000-023
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 82.93
  • Annual Miscellaneous: 1020
  • Monthly Gross Income: 850
  • Year Taxes Payable: 2020
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1873
  • Total Finished Sq Ft: 1712
  • Above Grade Finished Sq Ft: 1712
  • Below Grade Sq Ft: 161
  • Price Per Sq Ft: 39.72
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Poured Concrete
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 161

Exterior Features

  • Exterior: Aluminum, Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 800
  • Annual Maintenance Expense: 500

Schools

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

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 59 x 116
  • Estimated Lot Sq Ft: 6843
  • Estimated Lot Size Acres: 0.1571

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Building Insurance, Tax
  • Tenant Pays: Cable, Electric, Heating, Lawn Maintenance, Sewer, Snow Removal, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 850
  • Number Of Units: 1
  • Num Of1 Bedrooms: 4
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 2221

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
May 26, 2023
Sold by
American Realty Investments Ll
Bought by
2G Investments Llc
Current Estimated Value
$172,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,250
Outstanding Balance
$89,783
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$82,217

Purchase Details

Listed on
Jun 10, 2021
Closed on
May 27, 2022
Sold by
Craig Ungerecht
Bought by
American Realty Investments Llc
Seller's Agent
Michelle Bordeau
SUNRISE Realty
List Price
$89,000
Sold Price
$68,000
Premium/Discount to List
-$21,000
-23.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.03%
Original Mortgage
$94,684
Interest Rate
5%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 10, 2021
Closed on
May 20, 2022
Sold by
Ungerecht Craig
Bought by
American Realty Investments Ll
Seller's Agent
Michelle Bordeau
SUNRISE Realty
List Price
$89,000
Sold Price
$68,000
Premium/Discount to List
-$21,000
-23.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,684
Interest Rate
5%
Mortgage Type
Construction
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
2G Investments Llc -- None Listed On Document
American Realty Investments Llc $136,000 Griner Gary L
American Realty Investments Ll $68,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2G Investments Llc $92,250
Previous Owner American Realty Investments Llc $94,684
Previous Owner American Realty Investments Ll $94,684
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2022 05/24/22 Sold $68,000 -17.1% $40 / Sq Ft
02/04/2022 02/04/22 Pending -- -- --
08/30/2021 08/30/21 Price Changed $82,000 -4.1% $48 / Sq Ft
07/23/2021 07/23/21 Price Changed $85,500 -3.9% $50 / Sq Ft
06/10/2021 06/10/21 For Sale $89,000 -- $52 / 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 $2,859 $141,500 $22,300 $119,200
2023 $2,116 $121,100 $22,300 $98,800
2022 $2,116 $89,600 $9,800 $79,800
2021 $1,993 $84,000 $10,800 $73,200
2020 $2,221 $93,300 $12,000 $81,300
2019 $1,264 $52,600 $11,500 $41,100
2018 $1,487 $49,600 $10,800 $38,800
2017 $1,603 $83,100 $10,800 $72,300
2016 $2,416 $78,900 $10,800 $68,100
2014 $2,110 $78,000 $10,800 $67,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202122123

Indiana Regional MLS

APN: 71-09-16-436-005.000-023