NOT LISTED FOR SALE

1221 N Elmer St South Bend, IN 46628

LaSalle Neighborhood

Estimated Value: $86,000 - $114,921

3 Beds
2 Baths
1,812 Sq Ft
$53/Sq Ft Est. Value

Last Sold February 27, 2020

Last sale price $50,000 $28 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $636/month

22 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Level Lot

About This Home

As of February 2020

Great investment property. New roof as of 2018. Vinyl siding. Fully occupied generating $1100 gross monthly rent. Tenants pay electric. Landlord pays water and gas. Do not disturb tenants. Subject to tenant rights.

Last Listed By

Valerie Swihart

Pyramid Realty LLC Listed on: 01/27/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $679

Year Built

  • Built in 1922

Lot Details

  • 5,200 Sq Ft Lot
  • Lot Dimensions are 40x130
  • Level Lot

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cooling, electric
  • The owner pays for heating, lawn maintenance, maintenance, sewer, trash collection, water
  • Assessor Parcel Number 71-08-03-201-043.000-026

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $1,025
  • Insurance Expense $300
  • Maintenance Expense $1,000
  • Water Sewer Expense $1,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$679

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1922
  • Age: 98
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOT 308 MAYRS MICH AVE ADD
  • Parcel Number ID: 71-08-03-201-043.000-026
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Water Heater Electric
  • Inside City Limits: Yes
  • Sp Lp Percent: 89.29
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 1100
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 2904
  • Total Finished Sq Ft: 1812
  • Above Grade Finished Sq Ft: 1812
  • Below Grade Sq Ft: 1092
  • Price Per Sq Ft: 27.59
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Carpet, Wood
  • Total Below Grade Sq Ft: 1092
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 1025
  • Annual Insurance Expense: 300
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 1340
  • Number Electric Meters: 2
  • 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: Clay
  • High School: Clay
  • Elementary School: Muessel

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40x130
  • Estimated Lot Sq Ft: 5200
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Heating, Lawn Maintenance, Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cooling, Electric

Multi Family

  • Gross Monthly Rent: 1100
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 679

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2020
Closed on
Feb 26, 2020
Sold by
Dolphin Peak Properties Llc
Bought by
Fryerweiss Lp
Seller's Agent
Valerie Swihart
Pyramid Realty LLC
Buyer's Agent
Jen Arizmendi
Addresses Unlimited, LLC
List Price
$56,000
Sold Price
$50,000
Premium/Discount to List
-$6,000
-10.71%
Total Days on Market
22
Current Estimated Value
$96,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,480
Avg. Annual Appreciation
17.29%

Purchase Details

Closed on
Jan 8, 2015
Sold by
Pacific Property Management Ll
Bought by
Dolphin Peak Properties Llc

Purchase Details

Closed on
Oct 17, 2013
Sold by
Pyramid Hart Llc
Bought by
Pacific Property Mgmt Llc

Purchase Details

Closed on
Sep 17, 2013
Sold by
St Joseph County Auditor
Bought by
Pyramid Hart Llc

Range of Values:

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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
Fryerweiss Lp -- Fidelity National Title
Dolphin Peak Properties Llc -- --
Pacific Property Mgmt Llc -- --
Pyramid Hart Llc $5,405 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2020 02/27/20 Sold $50,000 -10.7% $28 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
01/27/2020 01/27/20 For Sale $56,000 -- $31 / 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 $4,068 $83,100 $4,900 $78,200
2023 $1,881 $78,400 $4,900 $73,500
2022 $1,881 $78,400 $4,900 $73,500
2021 $1,699 $68,100 $800 $67,300
2020 $1,718 $69,800 $800 $69,000
2019 $1,439 $69,800 $800 $69,000
2018 $649 $25,400 $500 $24,900
2017 $667 $25,100 $500 $24,600
2016 $681 $25,100 $500 $24,600
2014 $648 $61,400 $800 $60,600
2013 $1,608 $61,400 $800 $60,600
Source: Public Records

Agents Affiliated with this Home

  • Valerie Swihart

    Seller's Agent in 2020

    Valerie Swihart

    Pyramid Realty LLC

    (574) 334-8989

    12 in this area

    142 Total Sales

    Valerie Swihart
    Section Image
  • Jen Arizmendi

    Buyer's Agent in 2020

    Jen Arizmendi

    Addresses Unlimited, LLC

    (574) 245-0210

    14 in this area

    254 Total Sales

    Jen Arizmendi
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202003183

Indiana Regional MLS

APN: 71-08-03-201-043.000-026

Indiana St Joseph County South Bend 46628 LaSalle

1221 N Elmer St, South Bend, IN

Homes for Sale in South Bend, IN

This home is located at 1221 N Elmer St, South Bend, IN 46628 since 27 January 2020 and is currently estimated at $96,480, approximately $53 per square foot. This property was built in 1922. 1221 N Elmer St is a home located in St. Joseph County with nearby schools including Muessel Primary Center, Dickinson Fine Arts Academy, and Clay 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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