NOT LISTED FOR SALE

232 Laporte Ave South Bend, IN 46616

West Washington Neighborhood

Estimated Value: $131,000 - $211,000

5 Beds
3 Baths
2,124 Sq Ft
$81/Sq Ft Est. Value

Last Sold September 14, 2022

Last sale price $225,000 $106 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $1,051/month

97 Days on Market

Highlights

  • 0.5 Acre Lot
  • Fenced Yard
  • Home Security System
  • Adams High School Rated A-
  • Double Pane Windows
  • Tile Flooring

About This Home

As of September 2022

Back on the market - no fault of the Seller. To the lucky buyer, "Congratulations!" This property can be easily configured to various rental options. This home can be one single, large city rental, a triplex rental (current configuration), or a Duplex with a large unit on the top two floors and a smaller walk out basement unit! The house has three kitchens (one with new granite and new cabinets), 5 bedrooms, 3 bathrooms, new 95% efficient furnace installed in 2021. Newer appliances throughout. Large elevated deck out back makes for fun evenings watching the fireworks downtown. This property includes three adjacent city lots totaling roughly 1/2 acre, a large plot of land, mostly fenced in making a wonderful yard to enjoy or a future site for new construction. On premise parking for up to 6 cars. Very close to downtown South Bend. Don't miss this opportunity! So much here to talk about, please see full property description in additional docs to include floor plans, site plans, utilities, etc. Apartment furnishings are available for purchase.

Last Agent to Sell the Property

Peter Thurin

Cressy & Everett - South Bend Listed on: 04/07/2022

Cressy & Everett - South Bend

Last Buyer's Agent

SB NonMember

NonMember SB

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,400

Year Built

  • Built in 1860

Lot Details

  • 0.5 Acre Lot
  • Fenced Yard
  • Irregular Lot

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Home Security System

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Parking

  • 6 Parking Spaces
  • Gravel Driveway
  • Parking Lot
  • Off-Street Parking

Schools

  • Madison Elementary School
  • Navarre Middle School
  • Adams High School

Utilities

  • Forced Air Heating and Cooling System
  • High-Efficiency Furnace

Listing and Financial Details

  • Tenant pays for cooling, electric, heating, sewer, water
  • The owner pays for building insurance, lawn maintenance, maintenance
  • Assessor Parcel Number 71-08-11-134-007.000-026

Community Details

Overview

  • 3 Units
  • Cobb Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,970
  • Fuel Expense $972
  • Insurance Expense $1,300
  • Maintenance Expense $1,000
  • Water Sewer Expense $1,145

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,400

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1860
  • Age: 162
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 11 FT N SIDE LOT 57 & EX 45.2 X 66 FT NE PART EX 11.2 FT N END W END LOT 56 COBBS SUB BOL 30, LOT 57 37.4 FT MID PT COBBS SUB BOL 30, LOT 57 S 40' COBBS SUB BOL 30
  • Parcel Number ID: 71-08-11-134-007.000-026
  • Platted: Yes
  • Amenities: Basement, Fenced Yard, Fireplace, Off Street Parking, Alarm System-Security
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1950
  • Year Taxes Payable: $1,394, 2021 pay 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 2511
  • Total Finished Sq Ft: 2124
  • Above Grade Finished Sq Ft: 1674
  • Below Grade Finished Sq Ft: 450
  • Below Grade Sq Ft: 387
  • Price Per Sq Ft: 134.41
  • Basement: Yes
  • Basement Foundation: Walk-Out Basement, Finished
  • Flooring: Carpet, Part Carpet, Tile
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 837
  • Number Of Microwaves: 3
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 4

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6
  • Parking: Gravel, Lot, Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Hvac: High Efficiency Furnace
  • Annual Electric: 1970
  • Annual Fuel Expense: 972
  • Annual Insurance Expense: 1300
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 1145
  • Number Electric Meters: 3
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Madison
  • Middle School: Navarre
  • High School: Adams
  • Elementary School: Madison

Lot Info

  • Lot Description: Irregular
  • Lot Dimensions: Irregular - See site map in "Documents"
  • Estimated Lot Sq Ft: 21780
  • Estimated Lot Size Acres: 0.5

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance
  • Tenant Pays: Cooling, Electric, Heating, Sewer, Water

Multi Family

  • Gross Monthly Rent: 1950
  • 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: 3

Tax Info

  • Annual Property Tax: 1400

MLS Schools

  • High School: Adams
  • Middle School: Navarre
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
Sep 13, 2022
Sold by
Stephen J Eddy Living Trust
Bought by
Fairall Jonathan M
Seller's Agent
Peter Thurin
Cressy & Everett - South Bend
Buyer's Agent
SB NonMember
NonMember SB
List Price
$225,000
Sold Price
$225,000
Views
24
Current Estimated Value
$171,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,451
Avg. Annual Appreciation
-10.72%
Original Mortgage
$157,500
Outstanding Balance
$151,485
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$7,890
Source: Public Records

Range of Values:

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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
Fairall Jonathan M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fairall Jonathan M $157,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2022 09/14/22 Sold $225,000 0.0% $106 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $225,000 0.0% $106 / Sq Ft
04/16/2022 04/16/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $225,000 -- $106 / 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 $1,709 $69,300 $13,800 $55,500
2023 $1,680 $69,900 $13,800 $56,100
2022 $1,680 $70,000 $13,800 $56,200
2021 $1,394 $56,300 $4,700 $51,600
2020 $1,305 $51,800 $4,200 $47,600
2019 $1,116 $51,600 $4,000 $47,600
2018 $1,296 $51,700 $4,000 $47,700
2017 $1,336 $51,100 $4,000 $47,100
2016 $1,363 $51,100 $4,000 $47,100
2014 $1,325 $50,000 $3,400 $46,600
Source: Public Records

Agents Affiliated with this Home

  • Peter Thurin

    Seller's Agent in 2022

    Peter Thurin

    Cressy & Everett - South Bend

    (312) 957-1190

    1 in this area

    63 Total Sales

    Peter Thurin
    Section Image

  • S

    Buyer's Agent in 2022

    SB NonMember

    NonMember SB

    4 in this area

    667 Total Sales

    SB NonMember
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202211961

Indiana Regional MLS

APN: 71-08-11-134-006.000-026

Indiana St Joseph County South Bend 46601 West Washington

232 Laporte Ave, South Bend, IN

This home is located at 232 Laporte Ave, South Bend, IN 46616 since 07 April 2022 and is currently estimated at $171,549, approximately $80 per square foot. This property was built in 1860. 232 Laporte Ave is a home located in St. Joseph County with nearby schools including Madison STEAM Academy, Navarre Middle School, and Adams High 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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