NOT LISTED FOR SALE

2031 S Michigan St South Bend, IN 46613

Estimated Value: $87,411

-- Bed
5 Baths
3,120 Sq Ft
$28/Sq Ft Est. Value

Last Sold January 04, 2016

Last sale price $39,000 $12 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $563/month

537 Days on Market

Highlights

  • Wood Flooring
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Home Security System
  • Central Air
  • Level Lot

About This Home

As of January 2016

Popular income producing property. Long-term tenants pay their own gas, water & electric. Only Real Estate for sale. Bar side pays $712/Mo. & Barber side pays $326/Mo. All fixtures belong to tenants. Parking in back plus street parking. New furnace.

Last Agent to Sell the Property

Deborah Crowder

At Home Realty Group Listed on: 06/20/2014

Last Buyer's Agent

Deborah Crowder

At Home Realty Group Listed on: 06/20/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 7,919 Sq Ft Lot
  • Lot Dimensions are 48 x 165
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Rolled or Hot Mop Roof
  • Rubber Roof

Interior Spaces

  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Laminate Countertops

Flooring

  • Wood
  • Laminate
  • Tile

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 10 Parking Spaces
  • Paved Parking
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Lincoln Elementary School
  • Jackson Middle School
  • Riley High School

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for alarm, cable, cooling, electric, fuel, heating, maintenance, sewer, snow removal, trash collection, water
  • The owner pays for building insurance
  • Assessor Parcel Number 71-08-13-355-009.000-026

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,163
  • Maintenance Expense $600

Additional Features

  • 2 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1924
  • Age: 91
  • Style: One Story
  • Total Bathrooms: 5
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 3
  • Legal Description: Long Legal In Office |
  • Parcel Number ID: 71-08-13-355-009.000-026
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Storage, Alarm System-Security, Ceiling-9+, Countertops-Laminate, Detector-Smoke, Water Heater Gas
  • Cross Street: Ewing
  • Grid: South Bend SE
  • Location: City/Town/Suburb
  • Sp Lp Percent: 65.11
  • Monthly Gross Income: 1028
  • Year Taxes Payable: 2013 payable 2014
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 6240
  • Total Finished Sq Ft: 3120
  • Above Grade Finished Sq Ft: 3120
  • Below Grade Sq Ft: 3120
  • Price Per Sq Ft: 12.5
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Laminate, Tile, Wood
  • Total Below Grade Sq Ft: 3120
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Brick
  • Roof Material: Rolled, Rubber
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 10
  • Parking: Lot, Off Street, Paved, Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 2163
  • Annual Maintenance Expense: 600
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 48 x 165
  • Estimated Lot Sq Ft: 7919
  • Estimated Lot Size Acres: 0.1818

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance
  • Tenant Pays: Alarm, Cable, Cooling, Electric, Fuel, Heating, Maintenance, Sewer, Snow Removal, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1038
  • Number Of Units: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2950

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2016
Sold by
Spite Andrew J
Bought by
Spite Trust
Current Estimated Value
$87,411

Purchase Details

Listed on
Jun 20, 2014
Closed on
Jan 4, 2016
Sold by
Fairway Co Llc
Bought by
Spite Andrew J
Seller's Agent
Deborah Crowder
At Home Realty Group
Buyer's Agent
Deborah Crowder
At Home Realty Group
List Price
$69,900
Sold Price
$39,000
Premium/Discount to List
-$30,900
-44.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%

Purchase Details

Closed on
May 1, 2009
Sold by
Vitale Alberto S and Vitale Paul J
Bought by
Fairway Company Llc

Purchase Details

Closed on
Apr 8, 2009
Sold by
Carpenter Laura
Bought by
Vitale Alberto

Purchase Details

Closed on
Mar 20, 2006
Sold by
Vitale Alberto Salvatore and Carpenter Laura M A
Bought by
Vitale Alberto Salvatore and Carpenter Laura M A
Source: Public Records

Range of Values:

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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
Spite Trust -- --
Spite Andrew J -- Metropolitan Title
Fairway Company Llc -- None Available
Vitale Alberto -- None Available
Vitale Alberto Salvatore -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2016 01/04/16 Sold $39,000 -44.2% $13 / Sq Ft
12/09/2015 12/09/15 Pending -- -- --
06/20/2014 06/20/14 For Sale $69,900 -- $22 / 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 $2,934 $86,700 $8,900 $77,800
2023 $2,948 $86,700 $8,900 $77,800
2022 $2,948 $86,700 $8,900 $77,800
2021 $2,778 $81,700 $10,500 $71,200
2020 $2,778 $81,700 $10,500 $71,200
2019 $2,451 $81,700 $10,500 $71,200
2018 $2,768 $81,700 $10,500 $71,200
2017 $2,786 $79,600 $10,500 $69,100
2016 $2,874 $80,900 $11,800 $69,100
2014 $2,938 $81,300 $11,800 $69,500
Source: Public Records

Agents Affiliated with this Home

  • Deborah Crowder

    Seller's Agent in 2016

    Deborah Crowder

    At Home Realty Group

    (574) 514-7650

    115 Total Sales

    Deborah Crowder
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Map

Source: Indiana Regional MLS

MLS Number: 201425472

Indiana Regional MLS

APN: 71-08-13-355-009.000-026

Indiana St Joseph County South Bend 46613

2031 S Michigan St, South Bend, IN

This home is located at 2031 S Michigan St, South Bend, IN 46613 since 20 June 2014 and is currently estimated at $87,411, approximately $28 per square foot. This property was built in 1924. 2031 S Michigan St is a home located in St. Joseph County with nearby schools including Monroe Elementary School, Jackson Middle School, and Riley 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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