NOT LISTED FOR SALE

1517 Morehouse Ave Elkhart, IN 46516

Historic Roosevelt Neighborhood

Estimated Value: $149,000 - $162,134

4 Beds
2 Baths
2,020 Sq Ft
$77/Sq Ft Est. Value

Last Sold February 16, 2021

Last sale price $105,000 $52 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $923/month

5 Days on Market

Highlights

  • Traditional Architecture
  • 1 Car Detached Garage
  • Eat-In Kitchen
  • Wood Flooring
  • Enclosed Patio or Porch
  • 4-minute walk to Sterling Park

About This Home

As of February 2021

Wonderful Duplex with a great 27 year rental history. New roof, fresh paint and some flooring. This is a beautiful classic home that could be returned to a single family home if desired. Rents disclosed were last rents charged and have not been increased in several years.

Last Agent to Sell the Property

Sally Hernandez

Berkshire Hathaway HomeServices Elkhart Listed on: 01/08/2021

Berkshire Hathaway HomeServices Elkhart

Last Buyer's Agent

Laurie LaDow

Cressy & Everett - South Bend

Cressy & Everett - South Bend

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $781

Year Built

  • Built in 1926

Lot Details

  • 5,162 Sq Ft Lot
  • Lot Dimensions are 43 x 120
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement
  • 1 Bedroom in Basement

Parking

  • 1 Car Detached Garage
  • Aggregate Flooring
  • Garage Door Opener
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Enclosed Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for water
  • Assessor Parcel Number 20-06-09-304-012.000-012

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $765
  • Water Sewer Expense $441

Additional Features

  • 2 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$781

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1926
  • Age: 95
  • Style: One and Half Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Morehouse lot 5
  • Parcel Number ID: 20-06-09-304-012.000-012
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Off Street Parking, Storage, Cable Available, Detector-Smoke, Eat-In Kitchen, Garage Door Opener, Porch Enclosed, Water Heater Gas
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 91.38
  • Monthly Gross Income: 1075
  • Special Features: None

Interior Features

  • Total Sq Ft: 3340
  • Total Finished Sq Ft: 2020
  • Above Grade Finished Sq Ft: 2020
  • Below Grade Sq Ft: 1320
  • Price Per Sq Ft: 51.98
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Brick
  • Flooring: Carpet, Vinyl Tile, Wood
  • Main Level Sq Ft: 1320
  • Total Below Grade Sq Ft: 1320
  • Number Of Ranges Ovens: 2

Exterior Features

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

Garage/Parking

  • Driveway: Aggregated
  • Number Of Parking Spaces: 5
  • Parking: Garage, Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Cable Company: Comcast
  • Annual Insurance Expense: 765
  • Annual Water Sewer Expense: 441
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Association Fees: 796

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Roosevelt
  • Middle School: Pierre Moran
  • High School: Elkhart

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 43 x 120
  • Estimated Lot Sq Ft: 5162
  • Estimated Lot Size Acres: 0.1185
  • Lot Number: 5

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Water
  • Tenant Pays: Electric, Fuel

Multi Family

  • Gross Monthly Rent: 1075
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1

Tax Info

  • Annual Property Tax: 781

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2021
Closed on
Feb 16, 2021
Sold by
Hernandez Ralph G and Hernandez Sally
Bought by
Plute Samantha
Seller's Agent
Sally Hernandez
Berkshire Hathaway HomeServices Elkhart
Buyer's Agent
Laurie LaDow
Cressy & Everett - South Bend
List Price
$114,900
Sold Price
$105,000
Premium/Discount to List
-$9,900
-8.62%
Current Estimated Value
$154,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,534
Avg. Annual Appreciation
10.20%
Original Mortgage
$94,500
Outstanding Balance
$85,860
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$77,950

Purchase Details

Closed on
Nov 10, 2008
Sold by
Hernandez Ralph G
Bought by
Hernandez Ralph G and Hernandez Sally
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 Buyer Sale Price Title Company
Plute Samantha $105,000 Fidelity Nation Title Co Llc
Hernandez Ralph G -- Metropolitan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Plute Samantha $94,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2021 02/16/21 Sold $105,000 -8.6% $52 / Sq Ft
01/13/2021 01/13/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $114,900 -- $57 / 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 $1,197 $124,700 $7,400 $117,300
2022 $1,188 $107,200 $7,400 $99,800
2021 $1,502 $77,600 $7,400 $70,200
2020 $1,203 $55,000 $7,400 $47,600
2019 $796 $36,300 $3,700 $32,600
2018 $797 $36,100 $3,700 $32,400
2017 $799 $36,100 $3,700 $32,400
2016 $797 $36,100 $3,700 $32,400
2014 $770 $36,100 $3,700 $32,400
2013 $814 $75,500 $7,400 $68,100
Source: Public Records

Agents Affiliated with this Home

  • Sally Hernandez

    Seller's Agent in 2021

    Sally Hernandez

    Berkshire Hathaway HomeServices Elkhart

    (574) 202-2357

    1 in this area

    87 Total Sales

    Sally Hernandez
    Section Image
  • Laurie LaDow

    Buyer's Agent in 2021

    Laurie LaDow

    Cressy & Everett - South Bend

    (574) 651-1673

    2 in this area

    336 Total Sales

    Laurie LaDow
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202100763

Indiana Regional MLS

APN: 20-06-09-304-012.000-012

Indiana Elkhart County Elkhart 46516 Historic Roosevelt

1517 Morehouse Ave, Elkhart, IN

This home is located at 1517 Morehouse Ave, Elkhart, IN 46516 since 08 January 2021 and is currently estimated at $154,534, approximately $76 per square foot. This property was built in 1926. 1517 Morehouse Ave is a home located in Elkhart County with nearby schools including Mary Beck Elementary School, Pierre Moran Middle School, and Elkhart High School's Freshman Division.

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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