NOT LISTED FOR SALE

1529 N Adams St South Bend, IN 46628

Estimated Value: $64,000 - $81,000

3 Beds
1 Bath
1,062 Sq Ft
$69/Sq Ft Est. Value

Last Sold December 02, 2022

Last sale price $55,000 $52 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $529/month

5 Days on Market

Highlights

  • Corner Lot
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Fenced Yard
  • Eat-In Kitchen
  • Carpet

About This Home

As of December 2022

Income producing investment property ready for a new owner! This home has had many improvements over the past 12 years including a new roof and siding in 2010, a new garage in 2011, hot water heater in 2016 and a new furnace in 2020. Tenant is in place and has been there for 11 years and would love to stay. Schedule your showing today as this one is priced to move quickly!

Last Agent to Sell the Property

Mike Lochmondy

Lochmondy Realty Listed on: 11/02/2022

Last Buyer's Agent

NCIAR NonMember

NonMember NCIAR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $560

Year Built

  • Built in 1946

Lot Details

  • 4,992 Sq Ft Lot
  • Lot Dimensions are 39x128
  • Fenced Yard
  • Chain Link Fence
  • Corner Lot

Home Design

  • Slab Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,062 Sq Ft Home
  • 1-Story Property
  • Eat-In Kitchen
  • Laundry in Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Detached Garage
  • Driveway
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Marquette Elementary School
  • Dickinson Middle School
  • Washington High School

Utilities

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

Community Details

  • Insurance Expense $618
  • Maintenance Expense $250

Listing and Financial Details

  • Tenant pays for electric, heating, lawn maintenance, snow removal, trash collection, water
  • The owner pays for building insurance, maintenance
  • Assessor Parcel Number 71-03-34-482-011.000-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$560

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1946
  • Age: 76
  • Style: One Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: LOT 138 ELWOOD MANOR 2ND
  • Parcel Number ID: 71-03-34-482-011.000-026
  • Platted: Yes
  • Amenities: Fenced Yard, Off Street Parking, Eat-In Kitchen, Water Heater Gas
  • Location: City/Town/Suburb
  • Road Surface: Asphalt
  • Sp Lp Percent: 91.82
  • Monthly Gross Income: 650
  • Year Taxes Payable: 2021
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1062
  • Total Finished Sq Ft: 1062
  • Above Grade Finished Sq Ft: 1062
  • Price Per Sq Ft: 51.79
  • Basement Foundation: Slab
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Fence: Chain Link
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Garage

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 618
  • Annual Maintenance Expense: 250
  • Number Of W D Hookups: 1

Schools

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

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 39X128
  • Estimated Lot Sq Ft: 4992
  • Estimated Lot Size Acres: 0.12
  • Lot Number: 138

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Maintenance
  • Tenant Pays: Electric, Heating, Lawn Maintenance, Snow Removal, Trash Collection, Water

Tax Info

  • Total Assessed Value: 21600
  • Annual Property Tax: 560

Multi Family

  • Gross Monthly Rent: 650
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of Washers: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

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
Nov 2, 2022
Closed on
Dec 30, 2022
Sold by
Ruschak Robert
Bought by
Rocket Star Llc
Seller's Agent
Mike Lochmondy
Lochmondy Realty
Buyer's Agent
NCIAR NonMember
NonMember NCIAR
List Price
$59,900
Sold Price
$55,000
Premium/Discount to List
-$4,900
-8.18%
Views
27
Current Estimated Value
$73,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,144
Avg. Annual Appreciation
10.64%
Original Mortgage
$41,250
Outstanding Balance
$40,041
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$33,103

Purchase Details

Listed on
Nov 2, 2022
Closed on
Dec 2, 2022
Sold by
Ruschak Robert
Bought by
Rocket Star Llc
Seller's Agent
Mike Lochmondy
Lochmondy Realty
Buyer's Agent
NCIAR NonMember
NonMember NCIAR
List Price
$59,900
Sold Price
$55,000
Premium/Discount to List
-$4,900
-8.18%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,250
Outstanding Balance
$40,041
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$33,103

Purchase Details

Closed on
May 7, 2007
Sold by
Brollier Edward L and Brollier Junaita M
Bought by
Hall Gregory M and Hall Teri L
Source: Public Records

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
Rocket Star Llc -- --
Rocket Star Llc -- None Listed On Document
Ruschak Robert -- None Listed On Document
Hall Gregory M -- Metropolitan Title In Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruschak Robert $41,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2022 12/02/22 Sold $55,000 -8.2% $52 / Sq Ft
11/07/2022 11/07/22 Pending -- -- --
11/02/2022 11/02/22 For Sale $59,900 -- $56 / 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 $1,686 $76,800 $4,700 $72,100
2023 $1,643 $68,900 $4,700 $64,200
2022 $518 $28,600 $5,800 $22,800
2021 $561 $21,600 $800 $20,800
2020 $561 $46,800 $1,400 $45,400
2019 $583 $27,000 $900 $26,100
2018 $370 $13,700 $800 $12,900
2017 $374 $13,400 $800 $12,600
2016 $397 $14,000 $800 $13,200
2014 $450 $17,200 $1,000 $16,200
Source: Public Records

Agents Affiliated with this Home

  • Mike Lochmondy

    Seller's Agent in 2022

    Mike Lochmondy

    Lochmondy Realty

    (574) 329-8961

    64 Total Sales

    Mike Lochmondy
    Section Image

  • N

    Buyer's Agent in 2022

    NCIAR NonMember

    NonMember NCIAR

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202245283

Indiana Regional MLS

APN: 71-03-34-482-011.000-026

Indiana St Joseph County South Bend 46628

1529 N Adams St, South Bend, IN

This home is located at 1529 N Adams St, South Bend, IN 46628 since 02 November 2022 and is currently estimated at $73,144, approximately $68 per square foot. This property was built in 1946. 1529 N Adams St is a home located in St. Joseph County with nearby schools including Darden Elementary School, Dickinson Fine Arts Academy, and Clay 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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