NOT LISTED FOR SALE

23155 Heaton Vista Unit 4 Elkhart, IN 46514

Estimated Value: $307,000 - $455,000

5 Beds
4 Baths
2,120 Sq Ft
$178/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $175,000 $83 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $2,276/month

43 Days on Market

Highlights

  • 93 Feet of Waterfront
  • Lake Property
  • Forced Air Heating System
  • Pier or Dock
  • Luxury Vinyl Tile Flooring
  • Waterski or Wakeboard

About This Home

As of July 2021

Rare find for income property on the lake! Always Full!! Great investment opportunity! Or live in one and rent out the others to make your payment. Property also includes the 2 lots across the street for additional parking.

Last Agent to Sell the Property

Nate Roll

Rock Auctioneers & Real Estate Listed on: 04/13/2021

Last Buyer's Agent

Nate Roll

Rock Auctioneers & Real Estate Listed on: 04/13/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,113

Year Built

  • Built in 1940

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 93x120
  • 93 Feet of Waterfront
  • Lake Front
  • Level Lot

Home Design

  • Quadruplex
  • Rubber Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Partially Finished Basement

  • Exterior Basement Entry
  • Block Basement Construction
  • Crawl Space

Parking

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

Outdoor Features

  • Waterski or Wakeboard
  • Lake Property
  • Lake, Pond or Stream

Utilities

  • Forced Air Heating System
  • Private Company Owned Well
  • Well

Listing and Financial Details

  • The owner pays for building insurance, electric, heating, sewer, trash collection
  • Assessor Parcel Number 20-02-23-279-011.000-026

Community Details

Overview

  • 4 Units

Recreation

  • Pier or Dock

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Electric Expense $2,400
  • Fuel Expense $1,200
  • Insurance Expense $2,100
  • Maintenance Expense $500
  • Trash Expense $768
  • Water Sewer Expense $3,889

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,113

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Waterfront: Yes
  • Year Built: 1940
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 5
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: PT. OF LTS 12-13 LOT SIZE 93 X 120 PT OF LTS 74-76 |
  • Parcel Number ID: 20-02-23-279-011.000-026
  • Platted: Yes
  • Amenities: Off Street Parking, Countertops-Laminate, Deck Open, Detector-Smoke
  • Location: Lake
  • Parcel Id2: 200223278020000026 & 200223278021000026
  • Special Features: None

Interior Features

  • Total Sq Ft: 2650
  • Total Finished Sq Ft: 2120
  • Above Grade Finished Sq Ft: 2120
  • Below Grade Sq Ft: 530
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Outside Entrance
  • Basement Material: Block
  • Flooring: Carpet, Laminate, Vinyl Tile, Vinyl
  • Total Below Grade Sq Ft: 530
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Rubber
  • Lake Type: Ski Lake
  • Water Features: Pier/Dock
  • Water Frontage: 93
  • Water Name: Heaton Lake
  • Stories: 1

Garage/Parking

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

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: Well
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Cable Company: Comcast
  • Water Type: Lake
  • Well Type: Private
  • Annual Electric: 2400
  • Annual Fuel Expense: 1200
  • Annual Insurance Expense: 2100
  • Annual Maintenance Expense: 500
  • Annual Trash Expense: 768
  • Annual Water Sewer Expense: 3889
  • Number Electric Meters: 1
  • Number Gas Meters: 1

Lot Info

  • Lot Description: Lake, Level
  • Lot Dimensions: 93x120
  • Estimated Lot Sq Ft: 10890
  • Estimated Lot Size Acres: 0.25
  • Lot Number: 13

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Building Insurance, Electric, Heating, Sewer, Trash Collection

Multi Family

  • Water Access: Lakefront
  • Number Of Refrigerators: 2
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1

Tax Info

  • Annual Property Tax: 1113

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2021
Closed on
Jul 16, 2021
Sold by
Brooks Shane B
Bought by
Priority Properties Llc
Seller's Agent
Nate Roll
Rock Auctioneers & Real Estate
Buyer's Agent
Nate Roll
Rock Auctioneers & Real Estate
List Price
$195,000
Sold Price
$175,000
Premium/Discount to List
-$20,000
-10.26%
Current Estimated Value
$376,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,763
Avg. Annual Appreciation
18.90%

Purchase Details

Listed on
May 3, 2015
Closed on
Mar 17, 2017
Sold by
Roll Nathaniel B
Bought by
Brooks Shane B
Seller's Agent
Nate Roll
Rock Auctioneers & Real Estate
Buyer's Agent
Nate Roll
Rock Auctioneers & Real Estate
List Price
$175,000
Sold Price
$171,000
Premium/Discount to List
-$4,000
-2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.53%
Original Mortgage
$167,902
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 8, 2013
Sold by
Roll Nathaniel B
Bought by
The Trust Of Nathaniel B Roll

Purchase Details

Closed on
Jun 27, 2013
Sold by
Roll Nathaniel B
Bought by
Trust Of Nathaniel B Roll

Purchase Details

Closed on
Jan 4, 2002
Sold by
Lapierre John C
Bought by
Roll Nathaniel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,050
Interest Rate
7.11%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Priority Properties Llc $175,000 Fidelity National Title
Brooks Shane B -- Metropolitan Title
The Trust Of Nathaniel B Roll -- Metropolitan Title
Trust Of Nathaniel B Roll -- Metropolitan Title
Roll Nathaniel B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brooks Shane B $167,902
Previous Owner Roll Nathaniel B $132,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/19/2021 07/19/21 Sold $175,000 -10.3% $83 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $195,000 +14.0% $92 / Sq Ft
03/17/2017 03/17/17 Sold $171,000 -2.3% $81 / Sq Ft View Prior Sale
12/09/2016 12/09/16 Pending -- -- --
05/03/2015 05/03/15 For Sale $175,000 -- $83 / 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 $3,547 $270,500 $116,000 $154,500
2022 $3,547 $239,900 $116,000 $123,900
2021 $1,417 $83,100 $0 $83,100
2020 $1,585 $83,100 $0 $83,100
2019 $2,683 $83,100 $15,000 $68,100
2018 $2,731 $82,900 $15,000 $67,900
2017 $3,179 $81,100 $15,000 $66,100
2016 $1,624 $81,100 $15,000 $66,100
2014 $1,844 $89,900 $15,000 $74,900
2013 $1,758 $87,900 $15,000 $72,900
Source: Public Records

Agents Affiliated with this Home

  • Nate Roll

    Seller's Agent in 2021

    Nate Roll

    Rock Auctioneers & Real Estate

    (574) 215-3866

    57 Total Sales

    Nate Roll
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Map

Source: Indiana Regional MLS

MLS Number: 202112169

Indiana Regional MLS

APN: 20-02-23-279-011.000-026

Indiana Elkhart County Elkhart 46514

23155 Heaton Vista Unit 4, Elkhart, IN

Not Listed for Sale

MultiFamily

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