NOT LISTED FOR SALE

Estimated Value: $62,000 - $89,100

2 Beds
1 Bath
992 Sq Ft
$72/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $40,000 $40 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $514/month

153 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Level Lot
  • Fenced Yard
  • 2 Car Garage
  • 1-Story Property

About This Home

As of December 2021

Currently rented, tenant has been in home for 2 years. Income producing single family home. Tenant pays all utilities.

Last Listed By

Michelle Bordeau

SUNRISE Realty Listed on: 06/09/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1903

Lot Details

  • 6,077 Sq Ft Lot
  • Lot Dimensions are 45 x 135
  • Fenced Yard
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Poured Concrete
  • Asphalt Roof
  • Rubber Roof

Interior Spaces

  • 1-Story Property
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Porch
  • Suburban Location

Community Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $100
  • Maintenance Expense $900

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating, lawn maintenance, sewer, snow removal, trash collection, water
  • The owner pays for tax
  • Assessor Parcel Number 71-08-10-483-025.000-026

Property Details

Home Type

Multi-Family

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1903
  • Age: 118
  • Style: One Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: LOT 52 GORSUCHS 1ST
  • Parcel Number ID: 71-08-10-483-025.000-026
  • Platted: Yes
  • Amenities: Fenced Yard, Detector-Smoke, Porch Open, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 90.91
  • Annual Miscellaneous: 960
  • Monthly Gross Income: 800
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1984
  • Total Finished Sq Ft: 992
  • Above Grade Finished Sq Ft: 992
  • Below Grade Sq Ft: 992
  • Price Per Sq Ft: 40.32
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Poured Concrete
  • Flooring: Wood
  • Total Below Grade Sq Ft: 992
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt, Rubber
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Garage

Utilities

  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: South Bend Municipal Util
  • Annual Insurance Expense: 100
  • Annual Maintenance Expense: 900
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Madison
  • Middle School: Navarre
  • High School: Riley

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 45 x 135
  • Estimated Lot Sq Ft: 6077
  • Estimated Lot Size Acres: 0.1395

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Tax
  • Tenant Pays: Cable, Cooling, Electric, Heating, Lawn Maintenance, Sewer, Snow Removal, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 800
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1288

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Dec 27, 2021
Sold by
Craig Ungerecht
Bought by
Torres Mario and Torres Kristi
Seller's Agent
Michelle Bordeau
SUNRISE Realty
Buyer's Agent
LAF NonMember
NonMember LAF
List Price
$48,500
Sold Price
$40,000
Premium/Discount to List
-$8,500
-17.53%
Total Days on Market
153
Current Estimated Value
$71,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,700
Avg. Annual Appreciation
18.85%
Original Mortgage
$30,000
Interest Rate
2.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 9, 2021
Closed on
Dec 16, 2021
Sold by
Ungerecht Craig
Bought by
Torres Mario and Torres Kristi
Seller's Agent
Michelle Bordeau
SUNRISE Realty
Buyer's Agent
LAF NonMember
NonMember LAF
List Price
$48,500
Sold Price
$40,000
Premium/Discount to List
-$8,500
-17.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
2.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2007
Sold by
Donahue Frank
Bought by
Ungerecht Eric

Purchase Details

Closed on
May 18, 2006
Sold by
Grzegorek Jack T and Lombardl Erika T
Bought by
Midfirst Bank

Range of Values:

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Average Value
Not Available
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
Torres Mario $39,900 Fidelity National Title
Torres Mario -- Fidelity National Title
Ungerecht Eric -- None Available
Midfirst Bank $22,475 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres-Mendoza Mario $46,500
Previous Owner Torres Mario $30,000
Previous Owner Torres Mario $30,000
Previous Owner Ungerecht Craig $50,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $40,000 -9.1% $40 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
08/30/2021 08/30/21 Price Changed $44,000 -9.3% $44 / Sq Ft
06/09/2021 06/09/21 For Sale $48,500 -- $49 / 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 $1,376 $56,200 $1,200 $55,000
2023 $1,341 $55,900 $1,200 $54,700
2022 $1,341 $55,900 $1,200 $54,700
2021 $1,289 $51,900 $1,800 $50,100
2020 $1,288 $51,900 $1,800 $50,100
2019 $1,079 $51,800 $1,700 $50,100
2018 $1,280 $51,800 $1,700 $50,100
2017 $1,317 $51,100 $1,700 $49,400
2016 $1,344 $51,100 $1,700 $49,400
2014 $1,294 $49,500 $1,700 $47,800
Source: Public Records

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Source: Indiana Regional MLS

MLS Number: 202121941

Indiana Regional MLS

APN: 71-08-10-483-025.000-026