$58,000
SOLD OCT 4, 2022
2 Beds
1 Bath
666 Sq Ft
5,440 Sq Ft Lot

Recently Sold

$87 Per Sq Ft

15% Below List Price

63 Days on Market

Highlights

  • Fenced Yard
  • Forced Air Heating System
  • 4-minute walk to Muessel Grove Park
  • 1 Car Detached Garage
  • 1-Story Property

About This Home

As of May 2023

One story starter home in good condition. Home is currently rented with a positive cash flow. Renter would like to stay and is willing to sign a year lease. Don't let this one get by you!

Last Agent to Sell the Property

Abigail Kingery

Weichert Rltrs-J.Dunfee&Assoc. Listed on: 07/13/2022

Weichert Rltrs-J.Dunfee&Assoc.

Last Buyer's Agent

Donna Cox

Weichert Rltrs-J.Dunfee&Assoc.

Weichert Rltrs-J.Dunfee&Assoc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $924

Year Built

  • Built in 1922

Lot Details

  • 5,440 Sq Ft Lot
  • Lot Dimensions are 40x136
  • Fenced Yard

Parking

  • 1 Car Detached Garage

Home Design

  • Stone Exterior Construction

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

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

Community Details

Overview

  • C R Smith Subdivision

Building Details

  • Insurance Expense $800
  • Maintenance Expense $650

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: 100
  • Style: One Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: LOT 181 C R SMITH 2ND SUB
  • Parcel Number ID: 71-08-03-227-049.000-026
  • Platted: Yes
  • Amenities: Basement, Fenced Yard
  • Sp Lp Percent: 85.29
  • Monthly Gross Income: 725
  • 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, Partially Finished
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 499
  • Number Of Ranges Ovens: 1
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Stone
  • Stories: 1

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: 650
  • Number Of W D Hookups: 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: 0-2.9999
  • Lot Dimensions: 40X136
  • Estimated Lot Sq Ft: 5440
  • Estimated Lot Size Acres: 0.13
  • Lot Number: 181

Rental Info

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

Tax Info

  • Total Assessed Value: 36700
  • Annual Property Tax: 924

Multi Family

  • Gross Monthly Rent: 725
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 1

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
63
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 Type Sale Price Title Company
Quit Claim Deed -- Fidelity National Title Compan
Special Warranty Deed $58,000 Fidelity National Title Compan
Warranty Deed -- --
Warranty Deed $39,500 None Available
Warranty Deed -- None Available
Warranty Deed -- Metropolitan Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $43,500 New Conventional
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: 202228743

Indiana Regional MLS

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