$171,000
SOLD MAR 17, 2017

23155 Heaton Vista Unit 4 Elkhart, IN 46514

5 Beds
4 Baths
2,120 Sq Ft
0.25 Acres

Recently Sold

$81 Per Sq Ft

2% Below List Price

586 Days on Market

Highlights

  • 93 Feet of Waterfront
  • Luxury Vinyl Tile Flooring
  • Level Lot
  • Lake Property
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of July 2021

CASH COW income producting 4-plex on Heaton Lake! Rare find for income property on lakes. Always Full!! Property also includes the 3 lots across the street for additional parking.

Last Agent to Sell the Property

Nate Roll

Rock Auctioneers & Real Estate

Last Buyer's Agent

Nate Roll

Rock Auctioneers & Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,758

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

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

  • Lake Property
  • Lake, Pond or Stream

Schools

  • Eastwood Elementary School
  • Northside Middle School
  • Elkhart Central High School

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
  • Heaton Park Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Electric Expense $2,125
  • Fuel Expense $1,800
  • Insurance Expense $1,411
  • Maintenance Expense $500
  • Trash Expense $690
  • Water Sewer Expense $3,889

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,758

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Waterfront: Yes
  • Year Built: 1940
  • Age: 76
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 5
  • Number Above Grade 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: Countertops-Laminate, Deck Open, Detector-Smoke
  • Location: Lake
  • Sp Lp Percent: 97.71
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 2160
  • Year Taxes Payable: 2013
  • 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
  • Price Per Sq Ft: 80.66
  • Basement: Yes
  • Basement Foundation: Crawl, Outside Entrance, Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Laminate, Vinyl Tile
  • Total Below Grade Sq Ft: 530
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Rubber
  • 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: Regional
  • Water Utilities: Well
  • Water Type: Lake
  • Well Type: Private
  • Annual Electric: 2125
  • Annual Fuel Expense: 1800
  • Annual Insurance Expense: 1411
  • Annual Maintenance Expense: 500
  • Annual Trash Expense: 690
  • Annual Water Sewer Expense: 3889
  • Number Electric Meters: 1
  • Number Gas Meters: 1

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Eastwood
  • Middle School: Northside
  • High School: Elkhart Central
  • Elementary School: Eastwood

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: 1 Year
  • Owner Pays: Building Insurance, Electric, Heating, Sewer, Trash Collection

Tax Info

  • Total Assessed Value: 87900
  • Annual Property Tax: 1758

Multi Family

  • Water Access: Lakefront
  • Gross Monthly Rent: 2160
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 4

MLS Schools

  • High School: Elkhart Central
  • Middle School: Northside
  • School District: Elkhart Community Schools

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%
Total Days on Market
586
Current Estimated Value
$354,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,162
Avg. Annual Appreciation
14.77%

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%

Map

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 Type Sale Price Title Company
Warranty Deed $175,000 Fidelity National Title
Trustee Deed -- Metropolitan Title
Interfamily Deed Transfer -- Metropolitan Title
Interfamily Deed Transfer -- Metropolitan Title
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $167,902 FHA
Previous Owner $104,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $135,000 Unknown
Previous Owner $132,050 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

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

Source: Indiana Regional MLS

MLS Number: 201519306

Indiana Regional MLS

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