NOT LISTED FOR SALE

223 S 7th St Goshen, IN 46528

East Lincoln Crossroads Neighborhood

Estimated Value: $179,000 - $254,000

4 Beds
4 Baths
3,059 Sq Ft
$72/Sq Ft Est. Value

Last Sold September 19, 2018

Last sale price $130,000 $42 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,735/month

2 Days on Market

Highlights

  • 0.19 Acre Lot
  • Corner Lot
  • Entrance Foyer
  • Wood Flooring
  • Porch
  • Landscaped

About This Home

As of September 2018

Historic investment opportunity in Goshen. This 3 unit building has been in the same family since 1951. If you are looking for a home that is also an a beautiful investment this one is perfect! Live in the 3 bedroom main level and rent the 2 other apartments for a great revenue stream. You can appreciate the beautiful woodwork,floors, built ins and pocket doors. The other 2 units are each 1 bedroom with one unit having a balcony. Owner pays all utilities.

Last Listed By

Karen Smith

Berkshire Hathaway HomeServices Goshen Listed on: 08/01/2018

Berkshire Hathaway HomeServices Goshen

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,865

Year Built

  • Built in 1875

Lot Details

  • 8,233 Sq Ft Lot
  • Lot Dimensions are 66x125
  • Landscaped
  • Corner Lot

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Entrance Foyer
  • Basement
  • Michigan Basement

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 1 Parking Space
  • Off-Street Parking

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for building insurance, electric, heating, lawn maintenance, maintenance, sewer, tax
  • Assessor Parcel Number 20-11-09-434-025.000-015

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Electric Expense $3,070
  • Insurance Expense $2,248
  • Maintenance Expense $1,140
  • Water Sewer Expense $822

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,865

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1875
  • Age: 143
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: Barnes 1ST Ex 40x66FT Nw Cor;22 |
  • Parcel Number ID: 20-11-09-434-025.000-015
  • Platted: Yes
  • Amenities: Off Street Parking, Foyer Entry, Landscaped, Porch Open, Water Heater Gas
  • Sp Lp Percent: 93.53
  • Annual Miscellaneous: 1176
  • Monthly Gross Income: 1700
  • Special Features: None

Interior Features

  • Total Sq Ft: 3441
  • Total Finished Sq Ft: 3059
  • Above Grade Finished Sq Ft: 3059
  • Below Grade Sq Ft: 382
  • Price Per Sq Ft: 42.5
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Flooring: Carpet, Wood
  • Total Below Grade Sq Ft: 382
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 1

Utilities

  • Cooling: Window
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: Well
  • Well Type: Private
  • Annual Electric: 3070
  • Annual Insurance Expense: 2248
  • Annual Maintenance Expense: 1140
  • Annual Water Sewer Expense: 822
  • Number Electric Meters: 1
  • Number Gas Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 66x125
  • Estimated Lot Sq Ft: 8233
  • Estimated Lot Size Acres: 0.189

Rental Info

  • Owner Pays: Building Insurance, Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Tax

Multi Family

  • Gross Monthly Rent: 1700
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 2
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1865

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2018
Closed on
Oct 17, 2018
Sold by
Roose David E
Bought by
Ncg Properties Llc
Seller's Agent
Karen Smith
Berkshire Hathaway HomeServices Goshen
Buyer's Agent
Karen Smith
Berkshire Hathaway HomeServices Goshen
List Price
$139,000
Sold Price
$130,000
Premium/Discount to List
-$9,000
-6.47%
Total Days on Market
2
Current Estimated Value
$220,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,516
Avg. Annual Appreciation
9.81%
Original Mortgage
$130,000
Outstanding Balance
$84,839
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$157,193

Purchase Details

Listed on
Aug 1, 2018
Closed on
Sep 19, 2018
Sold by
Roose David E and Mcdonald Katharine Elizabeth
Bought by
Ncg Properties Llc
Seller's Agent
Karen Smith
Berkshire Hathaway HomeServices Goshen
Buyer's Agent
Karen Smith
Berkshire Hathaway HomeServices Goshen
List Price
$139,000
Sold Price
$130,000
Premium/Discount to List
-$9,000
-6.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Outstanding Balance
$84,839
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$157,193

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
Ncg Properties Llc $5,000 Title Resource Agency
Ncg Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ncg Properties Llc $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2018 09/19/18 Sold $130,000 -6.5% $42 / Sq Ft
08/03/2018 08/03/18 Pending -- -- --
08/01/2018 08/01/18 For Sale $139,000 -- $45 / 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 $6,160 $252,500 $25,200 $227,300
2022 $6,160 $215,000 $25,200 $189,800
2021 $4,618 $193,200 $25,200 $168,000
2020 $3,424 $127,100 $20,100 $107,000
2019 $3,134 $126,500 $20,100 $106,400
2018 $2,966 $126,300 $20,100 $106,200
2017 $1,881 $91,800 $20,100 $71,700
2016 $1,951 $92,400 $20,100 $72,300
2014 $1,889 $91,700 $20,100 $71,600
2013 $1,834 $91,700 $20,100 $71,600
Source: Public Records

Agents Affiliated with this Home

  • Karen Smith

    Seller's Agent in 2018

    Karen Smith

    Berkshire Hathaway HomeServices Goshen

    (574) 536-3713

    126 Total Sales

    Karen Smith
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Map

Source: Indiana Regional MLS

MLS Number: 201834202

Indiana Regional MLS

APN: 20-11-09-434-025.000-015

Indiana Elkhart County Goshen 46528 East Lincoln Crossroads

223 S 7th St, Goshen, IN

Homes for Sale in Goshen, IN

This home is located at 223 S 7th St, Goshen, IN 46528 since 01 August 2018 and is currently estimated at $220,516, approximately $72 per square foot. This property was built in 1875. 223 S 7th St is a home located in Elkhart County with nearby schools including Goshen Jr. High School, Goshen High School, and St. John the Evangelist Catholic 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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