NOT LISTED FOR SALE

207 N Dixie Way South Bend, IN 46637

Estimated Value: $118,000 - $1,133,945

14 Beds
12 Baths
11,184 Sq Ft
$40/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $720,000 $64 Per Sq Ft

Est. 38% decrease in value since last sale

Current estimated payment $2,492/month

6 Days on Market

Highlights

  • Open Floorplan
  • Elevator
  • Crown Molding
  • Backs to Open Ground
  • Tray Ceiling
  • Laundry closet

About This Home

As of September 2020

Don’t miss out on this excellent investment opportunity located near the University of Notre Dame! This property offers 6 newly updated open concept apartments featuring 9ft ceilings that provide an open and airy atmosphere. Many updates can be found throughout each unit. Some of these items include a new roof, vinyl plank flooring, fresh paint, crown molding, tray ceilings, and custom tile showers. The large kitchen boasts an ample amount of cabinetry, stainless appliances, and peninsulas for extra counter space and seating. Each unit offers generously sized bedrooms, closets, and their very own private laundry room. Apartments are currently occupied allowing this property to be acquired with positive cashflow from day one! This would make an incredible investment with a solid return. So don’t wait - schedule your showing today!

Last Agent to Sell the Property

Steve Smith

Irish Realty Listed on: 05/27/2020

Last Buyer's Agent

Beverly Fisher

Weichert Rltrs-J.Dunfee&Assoc.

Weichert Rltrs-J.Dunfee&Assoc.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,700

Year Built

  • Built in 1975

Lot Details

  • 1,298 Sq Ft Lot
  • Backs to Open Ground
  • Landscaped
  • Level Lot

Parking

  • 25 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Siding

Interior Spaces

  • 11,184 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Crown Molding
  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Fire Sprinkler System
  • Laundry closet

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 12 Full Bathrooms

Schools

  • Darden Primary Center Elementary School
  • Edison Middle School
  • Clay High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable, deposit value
  • The owner pays for building insurance, cooling, electric, fuel, heating, lawn maintenance, maintenance, parking, snow removal, sewer, tax, trash collection, water
  • Assessor Parcel Number 71-03-25-125-026.000-007

Community Details

Building Details

  • Electric Expense $9,100
  • Fuel Expense $1,900
  • Insurance Expense $4,368
  • Maintenance Expense $4,810
  • Trash Expense $1,056
  • Water Sewer Expense $3,000

Additional Features

  • 6 Units
  • Elevator

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,700

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1975
  • Age: 45
  • Style: Three Story
  • Bedrooms: 14
  • Number Above Grade Bedrooms: 14
  • Total Bathrooms: 12
  • Total Full Bathrooms: 12
  • Legal Description: Lot 79 Webers 2nd Add Unit 110 Floor 1 Roseland Urban condominiums W/ 14.74% int in common area Set up new 12/13 9365 Declaration 12/29/11, Lot 79 Webers 2nd Add Unit 120 Floor 1 Roseland Square W/ 16.03% int in common area set up new 12/13 9365 declaration 12/29/11, Lot 79 Webers 2nd Add Unit 210 Floor 2 Roseland Urban condominiums W/ 15.38% int in common area s
  • Parcel Number ID: 71-03-25-125-026.000-007
  • Platted: Yes
  • Amenities: Fireplace, Ceiling-9+, Ceiling-Tray, Crown Molding, Elevator, Fire Sprinkler System, Landscaped, Open Floor Plan
  • Sp Lp Percent: 92.31
  • Annual Miscellaneous: 11196
  • Monthly Gross Income: 8842
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 11184
  • Total Finished Sq Ft: 11184
  • Above Grade Finished Sq Ft: 11184
  • Price Per Sq Ft: 64.38
  • Flooring: Tile, Vinyl
  • Number Of Disposals: 6
  • Number Of Microwaves: 6
  • Number Of Ranges Ovens: 6

Exterior Features

  • Exterior: Brick, Concrete
  • Stories: 3

Garage/Parking

  • Number Of Parking Spaces: 25

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 9100
  • Annual Fuel Expense: 1900
  • Annual Insurance Expense: 4368
  • Annual Maintenance Expense: 4810
  • Annual Trash Expense: 1056
  • Annual Water Sewer Expense: 3000
  • Number Of W D Hookups: 6

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Darden Primary Center
  • Middle School: Edison
  • High School: Clay
  • Elementary School: Darden Primary Center

Lot Info

  • Lot Description: Level, 0-2.9999
  • Estimated Lot Sq Ft: 1298
  • Estimated Lot Size Acres: 0.0298
  • Lot Number: 79

Rental Info

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

Multi Family

  • Gross Monthly Rent: 8800
  • Number Of Dishwashers: 6
  • Number Of Dryers: 6
  • Number Of Refrigerators: 6
  • Number Of Units: 6
  • Number Of Washers: 6
  • Num Of2 Bedrooms: 4
  • Number Of 3 Bedrooms: 2
  • Num Of Units Rented: 5

Tax Info

  • Annual Property Tax: 11700

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2020
Closed on
Sep 18, 2020
Sold by
Conley Enterprises Llc
Bought by
207 Dixie Way Llc
Seller's Agent
Steve Smith
Irish Realty
Buyer's Agent
Beverly Fisher
Weichert Rltrs-J.Dunfee&Assoc.
List Price
$780,000
Sold Price
$720,000
Premium/Discount to List
-$60,000
-7.69%
Current Estimated Value
$444,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$275,514
Avg. Annual Appreciation
-9.11%

Purchase Details

Listed on
May 27, 2020
Closed on
Sep 11, 2020
Sold by
Conley Enterprises Llc
Bought by
207 Dixie Way Llc
Seller's Agent
Steve Smith
Irish Realty
Buyer's Agent
Beverly Fisher
Weichert Rltrs-J.Dunfee&Assoc.
List Price
$780,000
Sold Price
$720,000
Premium/Discount to List
-$60,000
-7.69%

Purchase Details

Closed on
Mar 27, 2020
Sold by
Dixie Way Enterprises Inc
Bought by
Conley Enterprises Llc

Purchase Details

Closed on
Jan 2, 2014
Sold by
Roseland Square Inc
Bought by
Dixie Way Enterprise Inc
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
207 Dixie Way Llc -- Drake Andrew R
207 Dixie Way Llc -- None Listed On Document
Conley Enterprises Llc -- None Available
Dixie Way Enterprise Inc -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2020 09/11/20 Sold $720,000 -7.7% $64 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
05/27/2020 05/27/20 For Sale $780,000 -- $70 / 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 $1,614 $1,200 $1,200 --
2023 $1,614 $67,700 $1,200 $66,500
2022 $1,665 $69,400 $1,200 $68,200
2021 $1,675 $69,800 $1,000 $68,800
2020 $1,675 $69,800 $1,000 $68,800
2019 $1,396 $69,800 $1,000 $68,800
2018 $3,164 $197,100 $11,900 $185,200
2017 $4,779 $192,500 $11,900 $180,600
2016 $3,332 $132,500 $7,800 $124,700
2014 $3,363 $170,000 $8,800 $161,200
2013 $4,953 $191,600 $9,900 $181,700
Source: Public Records

Agents Affiliated with this Home

  • Steve Smith

    Seller's Agent in 2020

    Steve Smith

    Irish Realty

    (574) 360-2569

    940 Total Sales

    Steve Smith
    Section Image
  • Beverly Fisher

    Buyer's Agent in 2020

    Beverly Fisher

    Weichert Rltrs-J.Dunfee&Assoc.

    (574) 274-4877

    74 Total Sales

    Beverly Fisher
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202019663

Indiana Regional MLS

APN: 71-03-25-125-026.000-007

Indiana St Joseph County South Bend 46637

207 N Dixie Way, South Bend, IN

This home is located at 207 N Dixie Way, South Bend, IN 46637 since 27 May 2020 and is currently estimated at $444,486, approximately $39 per square foot. This property was built in 1975. 207 N Dixie Way is a home located in St. Joseph County with nearby schools including Darden Elementary School, Edison Middle School, and Clay 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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