NOT LISTED FOR SALE

1609 N Olive St South Bend, IN 46628

Far Northwest Neighborhood

Estimated Value: $71,000 - $102,000

3 Beds
1 Bath
720 Sq Ft
$113/Sq Ft Est. Value

Last Sold April 12, 2018

Last sale price $19,500 $27 Per Sq Ft

Est. 318% increase in value since last sale

Current estimated payment $561/month

291 Days on Market

Highlights

  • 2 Car Detached Garage
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of April 2018

Investor Special! Great investment opportunity in South Bend. This property can be packaged with 17 additional properties. Contact listing agent for further details.

Last Listed By

JP Wielgos

Platinum Property Advisors Listed on: 10/20/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $408

Year Built

  • Built in 1954

Lot Details

  • 4,761 Sq Ft Lot
  • Lot Dimensions are 40x119

Parking

  • 2 Car Detached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Marquette Elementary School
  • Brown Middle School
  • Washington High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 71-03-34-378-028.000-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$408

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1954
  • Age: 63
  • Style: One Story
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: LOT 228 VERNON HEIGHTS |
  • Parcel Number ID: 71-03-34-378-028.000-026
  • Platted: Yes
  • Cross Street: Bulla and Keller
  • Inside City Limits: Yes
  • Investment Property: Yes
  • Sp Lp Percent: 78.31
  • Year Taxes Payable: 2015
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 720
  • Total Finished Sq Ft: 720
  • Above Grade Finished Sq Ft: 720
  • Price Per Sq Ft: 27.08
  • Basement: Yes
  • Basement Foundation: Slab
  • Bedroom 1: Dimensions: 12x12, On Level: Main
  • Bedroom 2: Dimensions: 11x10, On Level: Main
  • Bedroom 3: Dimensions: 10x8, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Aluminum
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 18x18
  • Garage Sq Ft: 324
  • Garage: Yes

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City

Schools

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

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 40x119
  • Estimated Lot Sq Ft: 4761
  • Estimated Lot Size Acres: 0.1093

Tax Info

  • Annual Taxes: 408

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2016
Closed on
Apr 19, 2018
Sold by
Affordable Homes Investments Llc
Bought by
Eac-South Bend Llc
Seller's Agent
JP Wielgos
Platinum Property Advisors
Buyer's Agent
JP Wielgos
Platinum Property Advisors
List Price
$24,900
Sold Price
$19,500
Premium/Discount to List
-$5,400
-21.69%
Total Days on Market
291
Current Estimated Value
$81,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,066
Avg. Annual Appreciation
22.13%
Original Mortgage
$73,000
Outstanding Balance
$63,606
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$17,514

Purchase Details

Listed on
Oct 20, 2016
Closed on
Mar 29, 2018
Sold by
Affordable Homes Inv Llc
Bought by
Eac South Bend Llc
Seller's Agent
JP Wielgos
Platinum Property Advisors
Buyer's Agent
JP Wielgos
Platinum Property Advisors
List Price
$24,900
Sold Price
$19,500
Premium/Discount to List
-$5,400
-21.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Outstanding Balance
$63,606
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$17,514

Purchase Details

Closed on
Sep 21, 2012
Sold by
C & S Investments Llc
Bought by
Affordable Homes Investments

Purchase Details

Closed on
Mar 28, 2011
Sold by
Adams Leronn and Taylor Joe
Bought by
Colvin Greg

Purchase Details

Closed on
Jan 1, 2011
Sold by
Colvin Greg
Bought by
C & S Investments Llc

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
Eac-South Bend Llc $97,090 None Listed On Document
Eac South Bend Llc -- None Available
Affordable Homes Investments -- --
Colvin Greg $1,054 None Available
C & S Investments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eac-South Bend Llc $73,000
Closed Eac South Bend Llc $73,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2018 04/12/18 Sold $19,500 -21.7% $27 / Sq Ft
08/07/2017 08/07/17 Pending -- -- --
10/20/2016 10/20/16 For Sale $24,900 -- $35 / 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 $1,246 $33,700 $5,800 $27,900
2023 $551 $23,100 $5,800 $17,300
2022 $554 $23,100 $5,800 $17,300
2021 $441 $16,600 $800 $15,800
2020 $801 $31,600 $1,400 $30,200
2019 $409 $18,300 $900 $17,400
2018 $427 $16,100 $800 $15,300
2017 $439 $16,000 $800 $15,200
2016 $448 $16,000 $800 $15,200
2014 $536 $20,500 $1,000 $19,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    JP Wielgos

    Platinum Property Advisors

    (574) 329-0743

    11 Total Sales

    JP Wielgos
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201648430

Indiana Regional MLS

APN: 71-03-34-378-028.000-026

Indiana St Joseph County South Bend 46628 Far Northwest

1609 N Olive St, South Bend, IN

Homes for Sale in South Bend, IN

This home is located at 1609 N Olive St, South Bend, IN 46628 since 20 October 2016 and is currently estimated at $81,566, approximately $113 per square foot. This property was built in 1954. 1609 N Olive 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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