$102,000
SOLD JAN 8, 2025
6 Beds
3 Baths
3,138 Sq Ft
5,250 Sq Ft Lot

Recently Sold

$33 Per Sq Ft

40% Below List Price

130 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Ceiling Fan
  • Level Lot

About This Home

As of January 2025

Triplex located in South Bend – Great Investment Opportunity! Ideal for investors looking to build assets and enhance their real estate portfolio with a property that offers both immediate cash flow and long-term appreciation. This property also could be a great asset to live in one unit and rent the other two. Each unit boasts 2 bedrooms, 1 bathroom and onsite laundry located in the basement ,offering ample space for tenants and maximizing rental income potential. All apartments are on separate meters for gas and electricity, allowing for convenient management and reduced overhead costs. One unit currently has a long-term occupant, generating a stable cash flow of $800 per month. This property is Located near the newly remodeled Martin Luther King Dream Center, ensuring a vibrant community atmosphere for residents. Just a stone's throw away from one of the best BBQ restaurants in South Bend, providing great dining options for tenants and attracting potential renters. Please allow 24 hours for showings of the occupied unit. Don't miss out on this fantastic opportunity to invest in a property with strong rental potential and a prime location.

Last Agent to Sell the Property

Shaquia Hairston

Open Door Realty, Inc Brokerage Phone: 317-760-3080 Listed on: 07/25/2024

Last Buyer's Agent

Shaquia Hairston

Open Door Realty, Inc Brokerage Phone: 317-760-3080 Listed on: 07/25/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,776

Year Built

  • Built in 1890

Lot Details

  • 5,250 Sq Ft Lot
  • Lot Dimensions are 50x105
  • Level Lot

Home Design

  • Poured Concrete
  • Shingle Roof
  • Shingle Siding
  • Vinyl Construction Material

Interior Spaces

  • 3,138 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Schools

  • Madison Elementary School
  • Dickinson Middle School
  • Washington High School

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 71-08-10-237-007.000-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,776

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1890
  • Age: 134
  • Style: Two Story
  • Total Number of Rooms: 14
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: LOT 5 & PT N 1/2 VAC ALLEY S & ADJ BROS ADD TAX LOTS & ADJ PROP
  • Parcel Number ID: 71-08-10-237-007.000-026
  • Platted: Yes
  • Amenities: Cable Ready, Ceiling Fan(s)
  • Sp Lp Percent: 102
  • Year Taxes Payable: 2024
  • Special Features: 12
  • Stories: 2

Interior Features

  • Total Sq Ft: 3138
  • Total Finished Sq Ft: 3138
  • Above Grade Finished Sq Ft: 3138
  • Price Per Sq Ft: 32.5
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Basement Material: Poured Concrete
  • Bedroom 1: Dimensions: 11x10, On Level: Upper
  • Bedroom 2: Dimensions: 11x8, On Level: Upper
  • Bedroom 3: Dimensions: 11x10, On Level: Upper
  • Bedroom 4: Dimensions: 11x8, On Level: Upper
  • Bedroom 5: Dimensions: 12x12, On Level: Upper
  • Number of Main Level Full Bathrooms: 3

Exterior Features

  • Exterior: Shingle, Vinyl
  • Roof Material: Shingle
  • Outbuilding1: None

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Madison
  • Middle School: Dickinson
  • High School: Washington
  • Elementary School: Madison

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 50X105
  • Estimated Lot Sq Ft: 5250
  • Estimated Lot Size Acres: 0.12
  • Lot Number: 5

Tax Info

  • Annual Taxes: 1776.34
  • Total Assessed Value: 69100

MLS Schools

  • High School: Washington
  • Middle School: Dickinson
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2024
Closed on
Jan 8, 2025
Sold by
Trotter Sean Pierre
Bought by
Charlton David and Charlton Janel
Seller's Agent
Shaquia Hairston
Open Door Realty, Inc
Buyer's Agent
Shaquia Hairston
Open Door Realty, Inc
List Price
$169,000
Sold Price
$102,000
Premium/Discount to List
-$67,000
-39.64%
Views
160
Current Estimated Value
$98,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,846
Avg. Annual Appreciation
-5.00%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $102,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2025 01/08/25 Sold $102,000 0.0% $33 / Sq Ft
12/02/2024 12/02/24 Pending -- -- --
11/25/2024 11/25/24 Off Market $102,000 -- --
07/30/2024 07/30/24 Price Changed $100,000 -40.8% $32 / Sq Ft
07/25/2024 07/25/24 For Sale $169,000 -- $54 / 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 $1,776 $69,200 $3,700 $65,500
2023 $1,647 $69,100 $3,700 $65,400
2022 $1,752 $73,000 $3,700 $69,300
2021 $1,661 $67,400 $3,700 $63,700
2020 $1,660 $67,400 $3,700 $63,700
2019 $1,389 $67,300 $3,600 $63,700
2018 $1,669 $68,100 $3,600 $64,500
2017 $1,704 $66,600 $3,600 $63,000
2016 $1,740 $66,600 $3,600 $63,000
2014 $1,733 $66,300 $3,600 $62,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202427875

Indiana Regional MLS

APN: 71-08-10-237-007.000-026