NOT LISTED FOR SALE

Estimated Value: $63,000 - $126,000

4 Beds
3 Baths
2,257 Sq Ft
$42/Sq Ft Est. Value

Last Sold October 12, 2015

Last sale price $25,000 $11 Per Sq Ft

Est. 278% increase in value since last sale

Current estimated payment $638/month

73 Days on Market

Highlights

  • Forced Air Heating System
  • Carpet
  • 1-Story Property

About This Home

As of October 2015

This property has had great cash flow over the past years. Seller has moved out of state and is looking for an offer. He will consider a land contract. This property will need work but Seller will consider all offers. Rental income historic. Property currently vacant. Close to By-Pass at SR 23 exit

Last Listed By

Jan McGregor

Freedom Realty Partners Listed on: 06/16/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 4,800 Sq Ft Lot
  • Lot Dimensions are 40x120
  • Chain Link Fence
  • Sloped Lot

Home Design

  • Triplex

Interior Spaces

  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Monroe Elementary School
  • Jackson Middle School
  • Riley High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for heating
  • The owner pays for electric, sewer, water
  • Assessor Parcel Number 71-08-15-462-009.000-026

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $1,200
  • Insurance Expense $2,782
  • Maintenance Expense $500
  • Water Sewer Expense $900

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1944
  • Age: 71
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Lot 43,44,45 Highland Park 1st Addn |
  • Parcel Number ID: 71-08-15-462-009.000-026
  • Platted: Yes
  • Amenities: Basement
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 71.63
  • Monthly Gross Income: 1700
  • Year Taxes Payable: 2013
  • Special Features: None

Interior Features

  • Total Sq Ft: 2257
  • Total Finished Sq Ft: 2257
  • Above Grade Finished Sq Ft: 1432
  • Below Grade Finished Sq Ft: 825
  • Price Per Sq Ft: 17.46
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement
  • Flooring: Carpet, Vinyl
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 825
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 3

Exterior Features

  • Exterior: Aluminum
  • Fence: Chain Link
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 3
  • Parking: Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1200
  • Annual Insurance Expense: 2782
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 900

Schools

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

Lot Info

  • Lot Description: Slope
  • Lot Dimensions: 40X120
  • Estimated Lot Sq Ft: 4800
  • Estimated Lot Size Acres: 0.1102
  • Lot Number: 43

Rental Info

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

Tax Info

  • Total Assessed Value: 46200
  • Annual Property Tax: 1235

Multi Family

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

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

Listed on
Jun 16, 2015
Closed on
Oct 12, 2015
Sold by
Conner Steven J
Bought by
Diggins Samuel
Seller's Agent
Jan McGregor
Freedom Realty Partners
Buyer's Agent
Jan McGregor
Freedom Realty Partners
List Price
$34,900
Sold Price
$25,000
Premium/Discount to List
-$9,900
-28.37%
Total Days on Market
73
Current Estimated Value
$94,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,500
Avg. Annual Appreciation
14.81%

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 Buyer Sale Price Title Company
Diggins Samuel -- Metropolitan Title In Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2015 10/12/15 Sold $25,000 -28.4% $11 / Sq Ft
08/28/2015 08/28/15 Pending -- -- --
06/16/2015 06/16/15 For Sale $34,900 -- $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 $1,338 $73,300 $9,900 $63,400
2023 $1,303 $54,300 $10,000 $44,300
2022 $1,303 $54,300 $10,000 $44,300
2021 $1,137 $43,800 $3,400 $40,400
2020 $1,104 $44,200 $3,800 $40,400
2019 $925 $44,100 $3,700 $40,400
2018 $1,051 $42,200 $1,800 $40,400
2017 $1,074 $41,400 $1,800 $39,600
2016 $1,097 $41,400 $1,800 $39,600
2014 $1,207 $46,200 $1,800 $44,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201539861

Indiana Regional MLS

APN: 71-08-15-462-009.000-026