NOT LISTED FOR SALE

1503 W Franklin St Elkhart, IN 46516

First Neighborhood

Estimated Value: $83,000 - $102,000

2 Beds
1 Bath
950 Sq Ft
$97/Sq Ft Est. Value

Last Sold April 05, 2024

Last sale price $80,000 $84 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $618/month

1 Day on Market

Highlights

  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Level Lot
  • 1-Story Property
  • Wood Fence
  • 4-minute walk to McNaughton Park

About This Home

As of April 2024

Super cute income producing home. Tenant is currently month to month on lease. Furnace and A/C were replaced in 2022. Has 1 stall detached garaged in back and a fenced in yard! Pended at print.

Last Agent to Sell the Property

Amy Warner

Berkshire Hathaway Home Services Elk2 Brokerage Phone: 574-596-6856 Listed on: 03/04/2024

Berkshire Hathaway Home Services Elk2

Last Buyer's Agent

Amy Warner

Berkshire Hathaway Home Services Elk2 Brokerage Phone: 574-596-6856 Listed on: 03/04/2024

Berkshire Hathaway Home Services Elk2

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,642

Year Built

  • Built in 1920

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 42 x 135
  • Wood Fence
  • Level Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storage In Attic
  • Washer and Electric Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Location

  • Suburban Location

Schools

  • Mary Daly Elementary School
  • West Side Middle School
  • Elkhart High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 20-06-07-277-002.000-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,642

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1920
  • Style: One Story
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: KRAUS LOT 23 1/2FT SW SIDE LOT 19; 19FT NE SIDE LOT 18
  • Parcel Number ID: 20-06-07-277-002.000-012
  • Platted: Yes
  • Amenities: Attic Storage, Dryer Hook Up Electric, Washer Hook-Up
  • Location: City/Town/Suburb
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1900
  • Total Finished Sq Ft: 950
  • Above Grade Finished Sq Ft: 950
  • Below Grade Sq Ft: 950
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Carpet, Vinyl
  • Bedroom 1: Dimensions: 12x10, On Level: Main
  • Bedroom 2: Dimensions: 11x13, On Level: Main
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 950

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: None
  • Fence: Wood

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 20x12
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO

Schools

  • Elementary School: Mary Daly

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 42 x 135
  • Estimated Lot Sq Ft: 5663
  • Estimated Lot Size Acres: 0.13

Tax Info

  • Annual Taxes: 1642

MLS Schools

  • High School: Elkhart
  • Middle School: West Side
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
Apr 8, 2024
Sold by
Sb Homes Llc
Bought by
Haynes Lura A
Seller's Agent
Amy Warner
Berkshire Hathaway Home Services Elk2
Buyer's Agent
Amy Warner
Berkshire Hathaway Home Services Elk2
List Price
$80,000
Sold Price
$80,000
Views
45
Current Estimated Value
$91,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,978
Avg. Annual Appreciation
8.71%
Original Mortgage
$4,700
Outstanding Balance
$4,630
Interest Rate
6.9%
Estimated Equity
$87,348

Purchase Details

Closed on
Aug 12, 2022
Sold by
Sbh4 Llc
Bought by
Sb Homes Llc

Purchase Details

Closed on
Oct 4, 2019
Sold by
P O M Properties Inc
Bought by
Sbh4 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 22, 2011
Sold by
Gause Emeline M
Bought by
Pom Property Inc
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
Haynes Lura A $80,000 Title Resource Agency
Sb Homes Llc -- Krieg Devault Llp
Sbh4 Llc -- Meridian Title
Pom Property Inc $9,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haynes Lura A $4,700
Open Haynes Lura A $79,200
Previous Owner Sbh4 Llc $720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2024 04/05/24 Sold $80,000 0.0% $84 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
03/04/2024 03/04/24 For Sale $80,000 -- $84 / 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 $1,631 $84,100 $12,600 $71,500
2022 $1,631 $80,800 $12,600 $68,200
2021 $1,642 $80,000 $12,600 $67,400
2020 $1,570 $71,800 $12,600 $59,200
2019 $1,417 $65,000 $12,600 $52,400
2018 $669 $30,000 $3,900 $26,100
2017 $666 $30,000 $3,900 $26,100
2016 $664 $30,000 $3,900 $26,100
2014 $441 $20,700 $3,900 $16,800
2013 $588 $29,400 $12,600 $16,800
Source: Public Records

Agents Affiliated with this Home

  • Amy Warner

    Seller's Agent in 2024

    Amy Warner

    Berkshire Hathaway Home Services Elk2

    (574) 904-7341

    2 in this area

    45 Total Sales

    Amy Warner
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Map

Source: Indiana Regional MLS

MLS Number: 202406961

Indiana Regional MLS

APN: 20-06-07-277-002.000-012

Indiana Elkhart County Elkhart 46516 First

1503 W Franklin St, Elkhart, IN

Not Listed for Sale

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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