$28,000
SOLD JAN 29, 2016

1315 W Franklin St Elkhart, IN 46516

First Neighborhood
4 Beds
3 Baths
1,460 Sq Ft
4,831 Sq Ft Lot

Recently Sold

$19 Per Sq Ft

12% Below List Price

180 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • 3-minute walk to Rainbow Park
  • Wood Flooring
  • Level Lot

About This Home

As of May 2018

Three unit building currently occupied and cash flowing. Some new paint and flooring. Buyer to verify zoning, taxes, room sizes, square footage and schools.

Last Agent to Sell the Property

Shelley Tucker

Assurance Property Management & Realty Inc Listed on: 06/27/2015

Last Buyer's Agent

Cliff Miller

Hallmark Excellence Realty

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 4,831 Sq Ft Lot
  • Lot Dimensions are 42 x 115
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Asphalt Roof
  • Asphalt

Interior Spaces

  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Suburban Location

Schools

  • Roosevelt Elementary School
  • Northside Middle School
  • Elkhart Central High School

Utilities

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

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for building insurance, electric, heating, lawn maintenance, maintenance, snow removal, sewer, water
  • Assessor Parcel Number 20-06-07-239-004.000-012

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $3,037
  • Fuel Expense $1,432
  • Insurance Expense $1,200
  • Maintenance Expense $500
  • Water Sewer Expense $1,266

Property Details

Home Type

Apartment

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1900
  • Age: 115
  • Style: One and Half Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 42x115.5ft w franklin e1/2 nw; sec 7 .11 |
  • Parcel Number ID: 20-06-07-239-004.000-012
  • Platted: Yes
  • Amenities: Basement, Detector-Carbon Monoxide, Detector-Smoke, Water Heater Electric
  • Location: City/Town/Suburb
  • Sp Lp Percent: 87.5
  • Annual Miscellaneous: 250
  • Monthly Gross Income: 1560
  • Year Taxes Payable: 2014
  • Special Features: None

Interior Features

  • Total Sq Ft: 2327
  • Total Finished Sq Ft: 1460
  • Above Grade Finished Sq Ft: 1460
  • Below Grade Sq Ft: 867
  • Price Per Sq Ft: 19.18
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Mixed, Vinyl, Wood
  • Main Level Sq Ft: 917
  • Total Below Grade Sq Ft: 867
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Asphalt
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Parking: Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Annual Electric: 3037.2
  • Annual Fuel Expense: 1431.7
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 1266.19

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Roosevelt
  • Middle School: Northside
  • High School: Elkhart Central
  • Elementary School: Roosevelt

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 42 x 115
  • Estimated Lot Sq Ft: 4831
  • Estimated Lot Size Acres: 0.1109
  • Expiration Of Permit: 07/31/2016

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1560
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of2 Bedrooms: 2
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1167.8

MLS Schools

  • High School: Elkhart Central
  • Middle School: Northside
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2020
Sold by
W Joel Nichols Revocable Trust
Bought by
Schwartz James D
Current Estimated Value
$132,763

Purchase Details

Closed on
Jul 20, 2020
Sold by
W Joel Nichols Revocable Trust and W Joel Nichols Revocable Trust
Bought by
Schwartz James D

Purchase Details

Listed on
Nov 6, 2017
Closed on
Jun 5, 2018
Sold by
W Joel Nichols February 9 2001
Bought by
Schwartz James D
Seller's Agent
Steve Miller
RE/MAX Results-Goshen
Buyer's Agent
David Singell
Myers Trust Real Estate
List Price
$36,900
Sold Price
$25,700
Premium/Discount to List
-$11,200
-30.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.94%

Purchase Details

Listed on
Nov 6, 2017
Closed on
May 14, 2018
Sold by
Myhome Properties Llc
Bought by
W Joel Nichols Revocable Trust
Seller's Agent
Steve Miller
RE/MAX Results-Goshen
Buyer's Agent
David Singell
Myers Trust Real Estate
List Price
$36,900
Sold Price
$25,700
Premium/Discount to List
-$11,200
-30.35%

Purchase Details

Listed on
Nov 6, 2017
Closed on
May 11, 2018
Sold by
W Joel Nichols February 9 2001
Bought by
Schwartz James D
Seller's Agent
Steve Miller
RE/MAX Results-Goshen
Buyer's Agent
David Singell
Myers Trust Real Estate
List Price
$36,900
Sold Price
$25,700
Premium/Discount to List
-$11,200
-30.35%

Purchase Details

Listed on
Jun 27, 2015
Closed on
Jan 29, 2016
Sold by
G Group Property Management Llc
Bought by
Myhome Properties Llc
Seller's Agent
Shelley Tucker
Assurance Property Management & Realty Inc
Buyer's Agent
Cliff Miller
Hallmark Excellence Realty
List Price
$32,000
Sold Price
$28,000
Premium/Discount to List
-$4,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.69%

Purchase Details

Closed on
Jun 15, 2015
Sold by
Out Of The Box Llc
Bought by
The 1315 Franklin Land Trust

Purchase Details

Closed on
Dec 15, 2011
Sold by
The Stuart W Statler Living Trust
Bought by
Out Of The Box Llc

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:

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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 Type Sale Price Title Company
Trustee Deed -- Fidelity National Title
Trustee Deed -- Fidelity National Title
Contract Of Sale $42,080 Fidelity National Title
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Contract Of Sale $42,080 Fidelity National Title
Deed -- Hamilton Title
Deed -- Hamilton Title
Quit Claim Deed -- None Available
Trustee Deed -- Lawyers Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2018 05/10/18 Sold $25,700 -30.4% $18 / Sq Ft
04/27/2018 04/27/18 Pending -- -- --
11/06/2017 11/06/17 For Sale $36,900 +31.8% $25 / Sq Ft
01/29/2016 01/29/16 Sold $28,000 -12.5% $19 / Sq Ft
12/24/2015 12/24/15 Pending -- -- --
06/27/2015 06/27/15 For Sale $32,000 +140.1% $22 / Sq Ft
08/05/2013 08/05/13 Sold $13,330 -59.5% $9 / Sq Ft
07/25/2013 07/25/13 Pending -- -- --
11/15/2012 11/15/12 For Sale $32,900 -- $23 / 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 $2,120 $110,600 $7,200 $103,400
2022 $2,120 $52,700 $7,200 $45,500
2021 $1,084 $52,700 $7,200 $45,500
2020 $1,153 $52,700 $7,200 $45,500
2019 $1,170 $53,700 $3,700 $50,000
2018 $673 $30,400 $3,700 $26,700
2017 $675 $46,500 $3,700 $42,800
2016 $1,292 $59,000 $7,200 $51,800
2014 $1,281 $60,100 $7,200 $52,900
2013 $1,152 $57,600 $11,200 $46,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201530344

Indiana Regional MLS

APN: 20-06-07-239-004.000-012