NOT LISTED FOR SALE

Estimated Value: $113,000 - $144,000

4 Beds
2 Baths
1,580 Sq Ft
$80/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $95,500 $60 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $899/month

3 Days on Market

Highlights

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

About This Home

As of June 2021

Nice cash flow available with this two unit property near downtown Goshen. Two long term tenants have been here for 8 and 12 years with no desire to vacate. Separately metered. Roof five years old.

Last Listed By

David Stump

Berkshire Hathaway HomeServices Goshen Listed on: 05/14/2021

Berkshire Hathaway HomeServices Goshen

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,260

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 58x66
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Carpet
  • Partially Finished Basement
  • Michigan Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for building insurance, electric, heating, lawn maintenance, sewer, tax, water
  • Assessor Parcel Number 20-11-09-258-012.000-015

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,448
  • Fuel Expense $1,448
  • Insurance Expense $578
  • Maintenance Expense $400
  • Water Sewer Expense $1,075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,260

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 121
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: ORIG 58FT E END 226; (TIF 97)
  • Parcel Number ID: 20-11-09-258-012.000-015
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Cable Ready
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100.53
  • Monthly Gross Income: 1200
  • Special Features: None

Interior Features

  • Total Sq Ft: 1950
  • Total Finished Sq Ft: 1580
  • Above Grade Finished Sq Ft: 1580
  • Below Grade Sq Ft: 370
  • Price Per Sq Ft: 60.44
  • Basement: Yes
  • Basement Foundation: Michigan Basement, Partial Basement
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 370
  • Number Of Ranges Ovens: 1
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

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

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Annual Electric: 1448
  • Annual Fuel Expense: 1448
  • Annual Insurance Expense: 578
  • Annual Maintenance Expense: 400
  • Annual Water Sewer Expense: 1075
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 2

Schools

  • School District: Goshen Community Schools
  • Elementary School: Chandler
  • Middle School: Goshen
  • High School: Goshen

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 58x66
  • Estimated Lot Sq Ft: 3920
  • Estimated Lot Size Acres: 0.09

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Electric, Heating, Lawn Maintenance, Sewer, Tax, Water
  • Tenant Pays: Cable

Multi Family

  • Gross Monthly Rent: 1200
  • Number Of Refrigerators: 1
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2260

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2021
Closed on
Jun 18, 2021
Sold by
Peak Travis
Bought by
Chezem Davidson and Chezem Valerie
Seller's Agent
David Stump
Berkshire Hathaway HomeServices Goshen
Buyer's Agent
David Stump
Berkshire Hathaway HomeServices Goshen
List Price
$80,000
Sold Price
$95,500
Premium/Discount to List
$15,500
19.38%
Total Days on Market
3
Current Estimated Value
$126,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,783
Avg. Annual Appreciation
6.10%
Original Mortgage
$71,625
Outstanding Balance
$65,828
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$54,555

Purchase Details

Closed on
Jul 2, 2004
Sold by
Shallenbarger James
Bought by
Peak Travis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

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
Chezem Davidson $95,500 None Available
Peak Travis -- Title Works Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chezem Davidson $71,625
Previous Owner Peak Travis $85,500
Previous Owner Peak Travis $76,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $95,500 +0.5% $60 / Sq Ft
05/20/2021 05/20/21 Price Changed $95,000 +18.8% $60 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $80,000 -- $51 / 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 $2,392 $125,500 $7,100 $118,400
2022 $2,392 $104,900 $0 $104,900
2021 $2,188 $91,200 $7,100 $84,100
2020 $2,260 $83,700 $7,100 $76,600
2019 $1,951 $78,500 $7,100 $71,400
2018 $1,658 $70,300 $7,100 $63,200
2017 $1,316 $64,000 $7,100 $56,900
2016 $1,367 $64,500 $7,100 $57,400
2014 $1,314 $63,800 $7,100 $56,700
2013 $1,240 $62,000 $7,100 $54,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202117336

Indiana Regional MLS

APN: 20-11-09-258-012.000-015