$125,000
SOLD DEC 4, 2024

201 Cleveland St Mishawaka, IN 46544

5 Beds
2 Baths
1,507 Sq Ft
6,600 Sq Ft Lot

Recently Sold

$83 Per Sq Ft

22% Below List Price

66 Days on Market

Highlights

  • 1 Car Detached Garage
  • Wood Siding
  • 1-minute walk to Lincoln Park
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

As of December 2024

Discover a fantastic investment opportunity with this spacious duplex rental property, featuring 5 generously sized bedrooms and 2 full bathrooms. Shared on-site laundry located in the basement. A detached garage for additional storage. Perfectly situated in a desirable neighborhood, this property offers comfortable living and access to an excellent school district, making it ideal for families. The owner would pay for Gas, Water, Sewer/Trash and the Tenants would pay for Electric. Don’t miss this prime opportunity to add a valuable asset to your portfolio! *Agent see remarks* Please reference the following MLS #s 202433834. These may be purchased together as a package.

Last Agent to Sell the Property

Natashia Bontrager

McKinnies Realty, LLC Brokerage Phone: 574-202-2752 Listed on: 08/27/2024

McKinnies Realty, LLC

Last Buyer's Agent

Drew Overmyer

At Home Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,845

Year Built

  • Built in 1902

Lot Details

  • 6,600 Sq Ft Lot
  • Lot Dimensions are 50x132

Home Design

  • Duplex
  • Poured Concrete
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Laundry in Basement
  • Washer Hookup

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Outdoor Features

  • Outbuilding

Schools

  • Lasalle Elementary School
  • John Young Middle School
  • Mishawaka High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, sewer, tax, trash collection, water
  • Assessor Parcel Number 71-09-16-157-012.000-023

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,845

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1902
  • Age: 122
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOT 76 ADAM S BAKERS 1ST
  • Parcel Number ID: 71-09-16-157-012.000-023
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Washer Hook-Up
  • Sp Lp Percent: 92.59
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 2234
  • Total Finished Sq Ft: 1507
  • Above Grade Finished Sq Ft: 1507
  • Below Grade Sq Ft: 727
  • Price Per Sq Ft: 82.95
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 727
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Wood
  • Roof Material: Shingle
  • Stories: 2
  • Outbuilding: Outbuilding
  • Outbuilding Sq Ft: 676

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Garage, Off Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Mishawaka Utility
  • Gas Company: NIPSCO
  • Water Company: Mishawaka Utility
  • Annual Insurance Expense: 1200
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • School District: School City of Mishawaka
  • Elementary School: Lasalle
  • Middle School: John Young
  • High School: Mishawaka
  • Elementary School: Lasalle

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 50X132
  • Estimated Lot Sq Ft: 6600
  • Estimated Lot Size Acres: 0.15
  • Lot Number: 76

Rental Info

  • Owner Pays: Building Insurance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 120800
  • Annual Property Tax: 2845

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1

MLS Schools

  • High School: Mishawaka
  • Middle School: John Young
  • School District: School City of Mishawaka

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Dec 3, 2024
Sold by
Frank & Fred Llc
Bought by
Fulkerson Melisa
Seller's Agent
Natashia Bontrager
McKinnies Realty, LLC
Buyer's Agent
Drew Overmyer
At Home Realty Group
List Price
$160,000
Sold Price
$125,000
Premium/Discount to List
-$35,000
-21.88%
Views
57
Current Estimated Value
$141,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,441
Avg. Annual Appreciation
22.87%
Original Mortgage
$118,750
Outstanding Balance
$118,306
Interest Rate
6.37%
Mortgage Type
New Conventional
Estimated Equity
$23,135

Purchase Details

Closed on
Feb 5, 2021
Sold by
Mwaisaka Frank Eliakim
Bought by
Frank & Fred Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,400
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 3, 2020
Closed on
Aug 17, 2020
Sold by
Tmjr Investments Llc
Bought by
Mwaisaka Frank Eliakim
Seller's Agent
Travis Bontrager
Bontrager Realty, LLC
Buyer's Agent
Dawn Collins
Cressy & Everett - South Bend
List Price
$99,900
Sold Price
$83,500
Premium/Discount to List
-$16,400
-16.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.31%
Original Mortgage
$62,600
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2017
Sold by
Eac Lp
Bought by
Tmjr Investments Llc

Purchase Details

Listed on
Jan 16, 2015
Closed on
Apr 28, 2015
Sold by
Sausman Anna Christine
Bought by
Eac Lp
Seller's Agent
Tara Northam
Berkshire Hathaway HomeServices Northern Indiana Real Estate
Buyer's Agent
Aaron Cowham
Howard Hanna SB Real Estate
List Price
$124,900
Sold Price
$30,500
Premium/Discount to List
-$94,400
-75.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.21%
Original Mortgage
$94,000
Interest Rate
3.63%
Mortgage Type
New Conventional
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 $125,000 Metropolitan Title
Quit Claim Deed -- Fidelity National Title
Warranty Deed $83,258 Drake Andrew R
Deed -- --
Warranty Deed -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $118,750 New Conventional
Previous Owner $152,600 Credit Line Revolving
Previous Owner $154,400 New Conventional
Previous Owner $62,600 New Conventional
Previous Owner $62,600 New Conventional
Previous Owner $94,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2024 12/04/24 Sold $125,000 -7.4% $83 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
10/25/2024 10/25/24 Price Changed $135,000 -9.9% $90 / Sq Ft
09/20/2024 09/20/24 Price Changed $149,900 -6.3% $99 / Sq Ft
08/27/2024 08/27/24 For Sale $160,000 +91.6% $106 / Sq Ft
08/10/2020 08/10/20 Sold $83,500 -12.0% $52 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
04/13/2020 04/13/20 Price Changed $94,900 -5.0% $59 / Sq Ft
03/03/2020 03/03/20 For Sale $99,900 +227.5% $62 / Sq Ft
04/28/2015 04/28/15 Sold $30,500 -75.6% $19 / Sq Ft
04/24/2015 04/24/15 Pending -- -- --
04/02/2015 04/02/15 For Sale $124,900 -- $78 / 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 $4,410 $136,400 $20,200 $116,200
2023 $2,846 $120,800 $20,200 $100,600
2022 $2,844 $120,800 $20,200 $100,600
2021 $1,989 $84,000 $9,800 $74,200
2020 $2,213 $93,200 $10,900 $82,300
2019 $2,124 $89,000 $10,400 $78,600
2018 $2,132 $71,500 $9,800 $61,700
2017 $2,264 $70,400 $9,800 $60,600
2016 $1,684 $54,600 $9,800 $44,800
2014 $1,219 $44,600 $9,800 $34,800
2013 $1,265 $44,600 $9,800 $34,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202432901

Indiana Regional MLS

APN: 71-09-16-157-012.000-023