$51,000
SOLD MAR 16, 2018
4 Beds
2 Baths
1,680 Sq Ft
5,545 Sq Ft Lot

Recently Sold

$30 Per Sq Ft

6% Below List Price

50 Days on Market

Highlights

  • Double Pane Windows
  • Forced Air Heating System
  • Energy-Efficient Windows
  • Covered Deck
  • Ceiling Fan
  • Level Lot

About This Home

As of September 2024

GREAT INCOME PRODUCING PROPERTY. TOP IS RENTED SEC 8 FOR 650.00 AND BOTTOM IS RENTED SEC 8 FOR 650. NEW LEASES START IN DEC 2017. JUST START COLLECTING MONEY! CLOSE TO SHOPPING, PARKS AND SCHOOLS.

Last Agent to Sell the Property

Nathan Pal

Central Management Realty Listed on: 12/04/2017

Last Buyer's Agent

Greg Gray

Polack Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 1942

Lot Details

  • 5,545 Sq Ft Lot
  • Lot Dimensions are 20x100
  • Level Lot

Home Design

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

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Energy-Efficient Windows
  • Covered Deck
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for heating, water
  • Assessor Parcel Number 71-08-14-428-006.000-026

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $1,200
  • Insurance Expense $400
  • Water Sewer Expense $960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,200

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1942
  • Age: 76
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Stulls 5th Add |
  • Parcel Number ID: 71-08-14-428-006.000-026
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Deck Covered
  • Location: City/Town/Suburb
  • Sp Lp Percent: 94.62
  • Monthly Gross Income: 1300
  • Special Features: None

Interior Features

  • Total Sq Ft: 2680
  • Total Finished Sq Ft: 1680
  • Above Grade Finished Sq Ft: 1680
  • Below Grade Sq Ft: 1000
  • Price Per Sq Ft: 30.36
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Laminate
  • Main Level Sq Ft: 840
  • Total Below Grade Sq Ft: 1000
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Off Street, Street

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: South Bend Municipal Util
  • Cable Company: Comcast, DirectTV, Dish Network, AT&T
  • Annual Fuel Expense: 1200
  • Annual Insurance Expense: 400
  • Annual Water Sewer Expense: 960
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Monroe Central
  • Middle School: Jackson
  • High School: Riley

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 20X100
  • Estimated Lot Sq Ft: 5545
  • Estimated Lot Size Acres: 0.1273

Green Features

  • Energy Efficient: Windows
  • Energy Efficient Windows/Doors: Double Pane Windows

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Heating, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 46000
  • Annual Property Tax: 1200

Multi Family

  • Gross Monthly Rent: 1300
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2024
Closed on
Sep 16, 2024
Sold by
Legacy Assets Llc
Bought by
Paul Joshua M
Seller's Agent
Leah Mark
Red Bow Realty
Buyer's Agent
Sharon McDonald
RE/MAX 100
List Price
$129,900
Sold Price
$130,000
Premium/Discount to List
$100
0.08%
Views
42
Current Estimated Value
$135,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,271
Avg. Annual Appreciation
6.13%
Original Mortgage
$97,500
Outstanding Balance
$96,961
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$39,783

Purchase Details

Closed on
Mar 7, 2024
Sold by
Sheriff Of St Joseph County State Of Ind
Bought by
Legacy Assets Inc

Purchase Details

Listed on
Dec 4, 2017
Closed on
Mar 26, 2018
Sold by
1630 S Williams Land Trust
Bought by
Malee Thomas
Seller's Agent
Nathan Pal
Central Management Realty
Buyer's Agent
Greg Gray
Polack Realty
List Price
$54,000
Sold Price
$51,000
Premium/Discount to List
-$3,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.34%
Original Mortgage
$38,250
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 4, 2017
Closed on
Mar 15, 2018
Sold by
Trt 1630 S Williams Land
Bought by
Malee Thomas
Seller's Agent
Nathan Pal
Central Management Realty
Buyer's Agent
Greg Gray
Polack Realty
List Price
$54,000
Sold Price
$51,000
Premium/Discount to List
-$3,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,250
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2009
Sold by
Bhm Financial Services Inc
Bought by
1630 S Willimas Land Trust

Purchase Details

Closed on
May 24, 2007
Sold by
Kibisu Eric
Bought by
Us Bank National Assn and Asset Backed Securities Corp Home Equity

Purchase Details

Closed on
May 5, 2006
Sold by
Ortiz Lucio and Ortiz Diana
Bought by
Kibisu Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,900
Interest Rate
9.8%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 Type Sale Price Title Company
Warranty Deed $130,000 Metropolitan Title
Sheriffs Deed $54,000 None Listed On Document
Deed $50,872 Fidelity National Title
Deed -- Fidelity National Title
Quit Claim Deed -- None Available
Sheriffs Deed $38,250 None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $97,500 New Conventional
Previous Owner $38,250 New Conventional
Previous Owner $38,250 New Conventional
Previous Owner $63,900 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2024 09/18/24 Sold $130,000 0.0% $77 / Sq Ft
09/18/2024 09/18/24 Sold $130,000 +0.1% $77 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
08/12/2024 08/12/24 Pending -- -- --
08/09/2024 08/09/24 For Sale $129,900 0.0% $77 / Sq Ft
08/09/2024 08/09/24 For Sale $129,900 +154.7% $77 / Sq Ft
03/16/2018 03/16/18 Sold $51,000 0.0% $30 / Sq Ft
01/29/2018 01/29/18 Sold $51,000 -5.6% $37 / Sq Ft
01/24/2018 01/24/18 Pending -- -- --
01/23/2018 01/23/18 Pending -- -- --
12/04/2017 12/04/17 For Sale $54,000 0.0% $32 / Sq Ft
10/30/2017 10/30/17 For Sale $54,000 -- $39 / 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 $1,600 $63,500 $6,000 $57,500
2023 $1,524 $63,500 $5,900 $57,600
2022 $1,567 $63,500 $5,900 $57,600
2021 $1,354 $54,600 $1,800 $52,800
2020 $1,356 $54,700 $1,900 $52,800
2019 $979 $46,800 $1,900 $44,900
2018 $1,160 $46,800 $1,900 $44,900
2017 $1,254 $48,600 $4,200 $44,400
2016 $1,280 $48,600 $4,200 $44,400
2014 $1,257 $48,100 $4,200 $43,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201753671

Indiana Regional MLS

APN: 71-08-14-428-006.000-026