NOT LISTED FOR SALE

1433 W Franklin St Elkhart, IN 46516

First Neighborhood

Estimated Value: $117,000 - $195,000

5 Beds
3.5 Baths
2,991 Sq Ft
$50/Sq Ft Est. Value

Last Sold October 19, 2021

Last sale price $92,500 $31 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,002/month

4 Days on Market

Highlights

  • 2 Car Attached Garage
  • Laundry Facilities
  • Community Storage Space
  • Forced Air Heating System
  • Level Lot
  • 4-minute walk to McNaughton Park

About This Home

As of October 2021

Investment opportunity! Triplex with all three units occupied with long term tenants who would like to stay. Shared laundry room. Unit A could be partitioned off to add additional studio apartment with separate entrance. Upper level Unit B has newer flooring, windows, and paint. Two car attached garage to Unit C. Come take look today!

Last Agent to Sell the Property

Heidi Gaskill

Berkshire Hathaway HomeServices Elkhart Listed on: 09/24/2021

Berkshire Hathaway HomeServices Elkhart

Last Buyer's Agent

Heidi Gaskill

Berkshire Hathaway HomeServices Elkhart Listed on: 09/24/2021

Berkshire Hathaway HomeServices Elkhart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,185

Year Built

  • Built in 1910

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 58 x 132
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Triplex
  • Asphalt Roof

Interior Spaces

  • 1.5-Story Property
  • Laminate Flooring
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for building insurance, electric, heating, sewer, tax, trash collection, water
  • Assessor Parcel Number 20-06-07-276-007.000-012

Community Details

Overview

  • 3 Units

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

  • Electric Expense $2,117
  • Fuel Expense $865
  • Insurance Expense $475
  • Water Sewer Expense $667

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,185

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1910
  • Style: One and Half Story
  • Bedrooms: 5
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: KRAUS EX 8FT S SIDE LOT 34
  • Parcel Number ID: 20-06-07-276-007.000-012
  • Platted: Yes
  • Amenities: Storage
  • Special Features: None

Interior Features

  • Total Sq Ft: 3937
  • Total Finished Sq Ft: 2991
  • Above Grade Finished Sq Ft: 2991
  • Below Grade Sq Ft: 946
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Flooring: Laminate
  • Total Below Grade Sq Ft: 946
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Window
  • Heating Fuel: Electricity, Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 2117
  • Annual Fuel Expense: 865
  • Annual Insurance Expense: 475
  • Annual Water Sewer Expense: 667
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Common Amenities: Laundry Facilities

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 58 x 132
  • Estimated Lot Sq Ft: 7841
  • Estimated Lot Size Acres: 0.18

Rental Info

  • Lease Term: Week to Week, Month to Month
  • Owner Pays: Building Insurance, Electric, Heating, Sewer, Tax, Trash Collection, Water

Tax Info

  • Annual Property Tax: 1185

Multi Family

  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2022
Sold by
Mina Youssef
Bought by
Infinity Rental Llc
Current Estimated Value
$150,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Outstanding Balance
$63,875
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$86,244

Purchase Details

Listed on
Sep 24, 2021
Closed on
Nov 1, 2021
Sold by
Kd Rentals Llc
Bought by
Youssef Mina and Mesehe Diana
Seller's Agent
Heidi Gaskill
Berkshire Hathaway HomeServices Elkhart
Buyer's Agent
Heidi Gaskill
Berkshire Hathaway HomeServices Elkhart
List Price
$98,000
Sold Price
$92,500
Premium/Discount to List
-$5,500
-5.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.44%

Purchase Details

Closed on
Mar 4, 2015
Sold by
Dinatale Kit
Bought by
Kd Rentals Llc

Purchase Details

Closed on
Dec 1, 2014
Sold by
Rohrer Kuhn Diana L
Bought by
Dinatale Kit
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Infinity Rental Llc -- Bray Miranda D
Youssef Mina $92,500 Fidelity National Ttl O Llc
Kd Rentals Llc -- Metropolitan Title
Dinatale Kit -- Metropolitan Title
Youssef Mina -- Fidelity National Ttl O Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Infinity Rental Llc $78,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2021 10/19/21 Sold $92,500 -5.6% $31 / Sq Ft
09/28/2021 09/28/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $98,000 -- $33 / 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 $2,570 $133,600 $17,100 $116,500
2022 $2,570 $97,900 $5,500 $92,400
2021 $1,114 $54,200 $17,100 $37,100
2020 $1,185 $54,200 $17,100 $37,100
2019 $811 $37,000 $5,200 $31,800
2018 $721 $32,600 $5,200 $27,400
2017 $723 $32,600 $5,200 $27,400
2016 $721 $63,700 $5,200 $58,500
2014 $1,358 $63,700 $5,500 $58,200
2013 $1,620 $81,000 $17,100 $63,900
Source: Public Records

Agents Affiliated with this Home

  • Heidi Gaskill

    Seller's Agent in 2021

    Heidi Gaskill

    Berkshire Hathaway HomeServices Elkhart

    (574) 596-7478

    1 in this area

    211 Total Sales

    Heidi Gaskill
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Map

Source: Indiana Regional MLS

MLS Number: 202140230

Indiana Regional MLS

APN: 20-06-07-276-007.000-012

Indiana Elkhart County Elkhart 46516 First

1433 W Franklin St, Elkhart, IN

Not Listed for Sale

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