NOT LISTED FOR SALE

1334 W Franklin St Elkhart, IN 46516

South Shore-Bridge Street Neighborhood

Estimated Value: $107,000 - $156,000

5 Beds
3 Baths
2,222 Sq Ft
$61/Sq Ft Est. Value

Last Sold October 31, 2018

Last sale price $78,000 $35 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $928/month

22 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • Carpet
  • Solid Surface Countertops
  • Level Lot
  • 3-minute walk to Rainbow Park

About This Home

As of October 2018

Nice return on investment. Well maintained multi unit investment opportunity. This building is being sold as part of a package of 4 buildings with a total of 10 units. Buyer to verify, units, sf, taxes, schools. All buildings sold as is where is.

Last Listed By

Shelley Tucker

Assurance Property Management & Realty Inc Listed on: 09/18/2018

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $957

Year Built

  • Built in 1900

Lot Details

  • 7,392 Sq Ft Lot
  • Lot Dimensions are 56 x 132
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Solid Surface Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for electric, heating, sewer, water
  • Assessor Parcel Number 20-06-07-325-036.000-012

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $1,801
  • Fuel Expense $1,404
  • Insurance Expense $676
  • Maintenance Expense $500
  • Water Sewer Expense $874

Property Details

Home Type

Apartment

Est. Annual Taxes

$957

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1900
  • Age: 118
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: FLDHS 3RD 5 1/2X132FT NE SEC 7 50X132FT NE SEC 7 |
  • Parcel Number ID: 20-06-07-325-036.000-012
  • Platted: Yes
  • Amenities: Countertops-Solid Surf, Detector-Smoke
  • Location: City/Town/Suburb
  • Sp Lp Percent: 97.62
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 1745
  • Special Features: None

Interior Features

  • Total Sq Ft: 2966
  • Total Finished Sq Ft: 2222
  • Above Grade Finished Sq Ft: 2222
  • Below Grade Sq Ft: 744
  • Price Per Sq Ft: 35.1
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 744
  • Number Of Ranges Ovens: 4

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Annual Electric: 1801
  • Annual Fuel Expense: 1404
  • Annual Insurance Expense: 676
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 874

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Mary Daly
  • Middle School: West Side
  • High School: Elkhart Memorial

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 56 x 132
  • Estimated Lot Sq Ft: 7392
  • Estimated Lot Size Acres: 0.1697

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Heating, Sewer, Water

Multi Family

  • Gross Monthly Rent: 1333
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 957

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2021
Sold by
Nichols W Joel and W Joel Nichols Trust
Bought by
Schwartz James D
Total Days on Market
22
Current Estimated Value
$135,239

Purchase Details

Listed on
Sep 18, 2018
Closed on
Oct 31, 2018
Sold by
Bender Properties Llc
Bought by
Nichole W Joel and W Joel Nichole Trust
Seller's Agent
Shelley Tucker
Assurance Property Management & Realty Inc
Buyer's Agent
David Singell
Myers Trust Real Estate
List Price
$79,900
Sold Price
$78,000
Premium/Discount to List
-$1,900
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.95%

Purchase Details

Closed on
Sep 27, 2007
Sold by
Shreiner Roger J and Shreiner June
Bought by
Carpenter Shirley A

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
Schwartz James D $74,700 Fidelity National Title
Nichole W Joel -- Fidelity Natl Title Co Llc
Carpenter Shirley A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Schwartz James D $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2018 10/31/18 Sold $78,000 -2.4% $35 / Sq Ft
09/18/2018 09/18/18 For Sale $79,900 -- $36 / 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 $2,147 $112,000 $13,600 $98,400
2022 $2,147 $73,500 $13,600 $59,900
2021 $1,288 $62,800 $13,600 $49,200
2020 $1,263 $57,800 $13,600 $44,200
2019 $963 $44,100 $5,300 $38,800
2018 $965 $43,900 $5,300 $38,600
2017 $961 $43,600 $5,300 $38,300
2016 $957 $43,500 $5,300 $38,200
2014 $919 $43,100 $5,300 $37,800
2013 $1,028 $51,400 $13,600 $37,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Shelley Tucker

    Assurance Property Management & Realty Inc

    (574) 320-3300

    2 in this area

    58 Total Sales

    Shelley Tucker
    Section Image
  • David Singell

    Buyer's Agent in 2018

    David Singell

    Myers Trust Real Estate

    (574) 536-1191

    3 in this area

    164 Total Sales

    David Singell
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201842286

Indiana Regional MLS

APN: 20-06-07-235-036.000-012

Indiana Elkhart County Elkhart 46516 South Shore-Bridge Street

1334 W Franklin St, Elkhart, IN

Homes for Sale in Elkhart, IN

This home is located at 1334 W Franklin St, Elkhart, IN 46516 since 18 September 2018 and is currently estimated at $135,239, approximately $60 per square foot. This property was built in 1900. 1334 W Franklin St is a home located in Elkhart County with nearby schools including Mary Daly Elementary School, West Side Middle School, and Elkhart 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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