NOT LISTED FOR SALE

Estimated Value: $61,000 - $69,000

2 Beds
1 Bath
666 Sq Ft
$97/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $58,000 $87 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $436/month

51 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • 1-Story Property
  • 1 Car Detached Garage
  • Level Lot
  • 4-minute walk to Muessel Grove Park

About This Home

As of May 2023

Current tenant pays $800 a month and is current. 24 hours notice is required. Property is being sold as is. The bathroom has had a recent upgrade with shower and enclosure. The rear yard is fully fenced. Furnace has been maintained as current owner had a home warranty. Good ROI Back on market no Fault of seller Lease ends 9/4/2023

Last Agent to Sell the Property

Linda Smith

Cressy & Everett- Elkhart Listed on: 03/13/2023

Cressy & Everett- Elkhart

Last Buyer's Agent

Loretta Henry

McKinnies Realty, LLC

McKinnies Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $924

Year Built

  • Built in 1922

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40 x136
  • Level Lot

Home Design

  • Asphalt Roof
  • Stone Exterior Construction

Interior Spaces

  • 1-Story Property
  • Basement Fills Entire Space Under The House
  • Washer Hookup

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Schools

  • Muessel Elementary School
  • Brown Middle School
  • Clay High School

Utilities

  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $748
  • Maintenance Expense $500

Listing and Financial Details

  • Tenant pays for cable, electric, heating, lawn maintenance, sewer, snow removal, tax, trash collection
  • The owner pays for building insurance
  • Assessor Parcel Number 71-08-03-227-049.000-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$924

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1922
  • Age: 101
  • Style: One Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Lot 181 CR Smith 2nd Sub
  • Parcel Number ID: 71-08-03-227-049.000-026
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Cable Available, Countertops-Laminate, Detector-Carbon Monoxide, Detector-Smoke, Eat-In Kitchen, Water Heater Gas, Washer Hook-Up
  • Inside City Limits: Yes
  • Sp Lp Percent: 89.23
  • Monthly Gross Income: 800
  • Year Taxes Payable: 2021
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1165
  • Total Finished Sq Ft: 666
  • Above Grade Finished Sq Ft: 666
  • Below Grade Sq Ft: 499
  • Price Per Sq Ft: 87.09
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Wood, Vinyl
  • Total Below Grade Sq Ft: 499
  • Number Of Ranges Ovens: 1
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Stone
  • Roof Material: Asphalt
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 1

Utilities

  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: South Bend Municipal Util
  • Annual Insurance Expense: 747.72
  • Annual Maintenance Expense: 500
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40 x136
  • Estimated Lot Sq Ft: 5663
  • Estimated Lot Size Acres: 0.13

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Building Insurance
  • Tenant Pays: Cable, Electric, Heating, Lawn Maintenance, Sewer, Snow Removal, Tax, Trash Collection

Multi Family

  • Gross Monthly Rent: 800
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 924

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2024
Sold by
Elb Diversified Assets Llc
Bought by
Diversified Assets West Llc
Total Days on Market
51
Current Estimated Value
$64,872

Purchase Details

Listed on
Mar 13, 2023
Closed on
May 30, 2023
Sold by
1213 College Llc
Bought by
Elb Diversified Assets Llc
Seller's Agent
Linda Smith
Cressy & Everett- Elkhart
Buyer's Agent
Loretta Henry
McKinnies Realty, LLC
List Price
$65,000
Sold Price
$58,000
Premium/Discount to List
-$7,000
-10.77%
Views
278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$43,500
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2022
Closed on
Sep 30, 2022
Sold by
Mckenna Chase D
Bought by
1213 College Llc
Seller's Agent
Abigail Kingery
Weichert Rltrs-J.Dunfee&Assoc.
Buyer's Agent
Donna Cox
Weichert Rltrs-J.Dunfee&Assoc.
List Price
$68,000
Sold Price
$58,000
Premium/Discount to List
-$10,000
-14.71%
Views
76

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%

Purchase Details

Listed on
Feb 19, 2021
Closed on
Mar 15, 2021
Sold by
Ll Props Llc
Bought by
Mckenna Chase D
Seller's Agent
Chris Warter
Premier Properties of Michiana Inc.
Buyer's Agent
Susan Bowyer
Weichert Rltrs-J.Dunfee&Assoc.
List Price
$49,900
Sold Price
$38,500
Premium/Discount to List
-$11,400
-22.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.04%

Purchase Details

Closed on
Dec 22, 2020
Sold by
Doke Real Estate Llc
Bought by
Ll Props Llc
Source: Public Records

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Range of Values:

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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
Diversified Assets West Llc -- Fidelity National Title Compan
Elb Diversified Assets Llc $58,000 Fidelity National Title Compan
1213 College Llc -- --
Mckenna Chase D $39,500 None Available
Ll Props Llc -- None Available
Ll Props Llc -- Metropolitan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elb Diversified Assets Llc $43,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $58,000 -10.8% $87 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $65,000 0.0% $98 / Sq Ft
03/27/2023 03/27/23 Price Changed $65,000 -4.4% $98 / Sq Ft
03/26/2023 03/26/23 Pending -- -- --
03/13/2023 03/13/23 For Sale $68,000 +17.2% $102 / Sq Ft
10/04/2022 10/04/22 Sold $58,000 0.0% $87 / Sq Ft
10/04/2022 10/04/22 Sold $58,000 -14.7% $87 / Sq Ft
09/14/2022 09/14/22 Pending -- -- --
09/13/2022 09/13/22 Pending -- -- --
07/13/2022 07/13/22 Price Changed $68,000 0.0% $102 / Sq Ft
07/13/2022 07/13/22 For Sale $68,000 -0.7% $102 / Sq Ft
06/27/2022 06/27/22 For Sale $68,500 +77.9% $103 / Sq Ft
03/15/2021 03/15/21 Sold $38,500 -22.8% $58 / Sq Ft
02/21/2021 02/21/21 Pending -- -- --
02/19/2021 02/19/21 For Sale $49,900 -- $75 / 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 $1,097 $54,000 $6,200 $47,800
2023 $1,104 $44,200 $6,200 $38,000
2022 $1,104 $46,000 $6,200 $39,800
2021 $924 $36,700 $800 $35,900
2020 $657 $25,600 $800 $24,800
2019 $799 $36,700 $800 $35,900
2018 $684 $25,200 $800 $24,400
2017 $664 $25,000 $800 $24,200
2016 $678 $25,000 $800 $24,200
2014 $648 $24,800 $800 $24,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202307167

Indiana Regional MLS

APN: 71-08-03-227-049.000-026