$30,000
SOLD JAN 29, 2018
5 Beds
3 Baths
2,644 Sq Ft
6,865 Sq Ft Lot

Recently Sold

$11 Per Sq Ft

25% Below List Price

29 Days on Market

Highlights

  • Wood Flooring
  • Laundry in Utility Room
  • Level Lot
  • 1 Car Attached Garage
  • Forced Air Heating System
  • Wood Siding

About This Home

As of August 2020

Great investment opportunity! This triplex has all 3 units currently rented bringing in $1700 in monthly income! Close on this home and enjoy the instant cash flow with a quick return on investment! Each unit comes with a stove and refrigerator. One of the main floor units has laundry hookup and the other main floor unit has access to an attached 1 car garage with a ton of additional space for storage. This home can be sold as a package with 442 Grant St, MLS # 201754822.

Last Agent to Sell the Property

Matthew Kruyer

Irish Realty Listed on: 12/14/2017

Last Buyer's Agent

Elisabeth Arvoy

Cressy & Everett- Elkhart

Cressy & Everett- Elkhart

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 6,865 Sq Ft Lot
  • Lot Dimensions are 48 x 143
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Triplex
  • Wood Siding
  • Block Exterior

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Laundry in Utility Room

Flooring

  • Wood
  • Partially Carpeted
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

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

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 71-08-03-285-015.000-026

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $1,700
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1905
  • Age: 113
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: LOT 57 & S1/2 VAC ALLEY N AND ADJ. AUGUSTINES ADD
  • Parcel Number ID: 71-08-03-285-015.000-026
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 75
  • Monthly Gross Income: 1700
  • Special Features: None

Interior Features

  • Total Sq Ft: 3796
  • Total Finished Sq Ft: 2644
  • Above Grade Finished Sq Ft: 2644
  • Below Grade Sq Ft: 1152
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Part Carpet, Vinyl Tile, Wood
  • Total Below Grade Sq Ft: 1152
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Aluminum, Block, Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 1700
  • Annual Water Sewer Expense: 1200
  • Number Of W D Hookups: 1

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Muessel
  • Middle School: Clay
  • High School: Clay

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 48 x 143
  • Estimated Lot Sq Ft: 6865
  • Estimated Lot Size Acres: 0.1576
  • Lot Number: 57

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 23700
  • Annual Property Tax: 842

Multi Family

  • Gross Monthly Rent: 1700
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2020
Closed on
Sep 30, 2020
Sold by
Hbl Property Solutions Llc
Bought by
Tdj Phase I Llc
Seller's Agent
Tyler Glenn
Tiffany Group Real Estate Advisors LLC
Buyer's Agent
Micah Cook
At Home Realty Group
List Price
$35,000
Sold Price
$25,000
Premium/Discount to List
-$10,000
-28.57%
Current Estimated Value
$107,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,667
Avg. Annual Appreciation
44.28%

Purchase Details

Listed on
Aug 4, 2020
Closed on
Sep 23, 2020
Sold by
Le Enterprises Llc
Bought by
Hbl Property Solutions Llc
Seller's Agent
Tyler Glenn
Tiffany Group Real Estate Advisors LLC
Buyer's Agent
Micah Cook
At Home Realty Group
List Price
$35,000
Sold Price
$25,000
Premium/Discount to List
-$10,000
-28.57%

Purchase Details

Listed on
Dec 14, 2017
Closed on
Jan 29, 2018
Sold by
H B Enterprises S B Llc
Bought by
Le Enterprises Llc
Seller's Agent
Matthew Kruyer
Irish Realty
Buyer's Agent
Elisabeth Arvoy
Cressy & Everett- Elkhart
List Price
$40,000
Sold Price
$30,000
Premium/Discount to List
-$10,000
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.85%

Purchase Details

Listed on
Dec 14, 2017
Closed on
Jan 26, 2018
Sold by
Fspi Empl Profit Sharing Plan
Bought by
H B Enterprises S B Llc
Seller's Agent
Matthew Kruyer
Irish Realty
Buyer's Agent
Elisabeth Arvoy
Cressy & Everett- Elkhart
List Price
$40,000
Sold Price
$30,000
Premium/Discount to List
-$10,000
-25%

Purchase Details

Closed on
Sep 1, 2011
Sold by
Mbp Realty Inc
Bought by
Fspi Empl Profit Sharing Plan 401 K

Purchase Details

Closed on
Oct 31, 2006
Sold by
Roll Nathaniel B
Bought by
Mbp Realty Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,250
Interest Rate
6.38%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 2, 2006
Sold by
Mbp Realty Inc
Bought by
Roll Nathaniel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.82%
Mortgage Type
Purchase Money Mortgage
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 -- Near North Title Group
Warranty Deed -- Near North Title Group
Deed -- --
Deed -- --
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $1,501 None Available
Warranty Deed -- Landamerica Lawyers Title
Corporate Deed -- Landamerica Lawyers Title
Warranty Deed -- None Available
Corporate Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $153,750 New Conventional
Closed $83,500 New Conventional
Previous Owner $75,600 New Conventional
Previous Owner $75,600 Adjustable Rate Mortgage/ARM
Previous Owner $63,250 Future Advance Clause Open End Mortgage
Previous Owner $60,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2020 08/24/20 Sold $25,000 -28.6% $9 / Sq Ft
08/06/2020 08/06/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $35,000 +16.7% $13 / Sq Ft
01/29/2018 01/29/18 Sold $30,000 -25.0% $11 / Sq Ft
01/12/2018 01/12/18 Pending -- -- --
12/14/2017 12/14/17 For Sale $40,000 -- $15 / 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 $1,719 $66,800 $13,400 $53,400
2023 $1,601 $66,700 $13,400 $53,300
2022 $1,601 $66,700 $13,400 $53,300
2021 $1,766 $65,500 $10,200 $55,300
2020 $1,701 $65,500 $10,200 $55,300
2019 $1,393 $63,200 $7,900 $55,300
2018 $697 $23,800 $7,900 $15,900
2017 $830 $23,700 $7,900 $15,800
2016 $842 $62,200 $7,900 $54,300
2014 $2,056 $56,900 $11,200 $45,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201754820

Indiana Regional MLS

APN: 71-08-03-285-015.000-026