NOT LISTED FOR SALE

Estimated Value: $142,000 - $163,000

3 Beds
1 Bath
836 Sq Ft
$182/Sq Ft Est. Value

Last Sold October 20, 2017

Last sale price $191,000 $228 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $863/month

287 Days on Market

Highlights

  • 1.68 Acre Lot
  • Corner Lot
  • Patio
  • Wood Flooring
  • Eat-In Kitchen
  • Central Air

About This Home

As of October 2017

GREAT DEVELOPMENT PROPERTY WITH CURRENT INCOME. INCOME OVER $3,800/MONTH. PROPERTY CONSISTS OF 11 PARCELS (SEE PHOTOS FOR AERIAL VIEW OF PROPERTY; ALL PARCELS HIGHLIGHTED IN YELLOW). APPROX. 1.68 ACS TOTAL. PARCELS FRONT PRAIRIE AVE., BACK PARCELS FRONT W. EWING AVE. PROPERTY INCLUDES 11 TRAILERS; 2 TRAILERS ARE PERSONALLY OWNED, THE REMAINING 9 TRAILERS ARE OWNED BY THE TRAILER PARK. PROPERTY ALSO INCLUDES APPROX. 836 SQ. FT. HOME, 12X12 DETACHED 1 CAR GARAGE, AND APPROX. 600 SQ. FT. HEATED OUTBUILDING. HOUSE, GARAGE, AND HEATED OUTBUILDING COULD BE EASILY RENTED. HEATED OUTBUILDING HAS ALL UTILITIES. PROPERTY IS ZONED SF-1: SINGLE FAMILY RESIDENTIAL. ADJACENT CORNER PROPERTY IS ALSO AVAILABLE (HIGHLIGHTED IN RED). SEE PHOTOS FOR DETAIL.

Last Listed By

John Piraccini

Coldwell Banker Real Estate Group Listed on: 11/01/2016

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,268

Year Built

  • Built in 1910

Lot Details

  • 1.68 Acre Lot
  • Lot Dimensions are 120x80
  • Corner Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 13 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Patio

Schools

  • Harrison Elementary School
  • Navarre Middle School
  • Riley High School

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, fuel, heating, sewer, trash collection, water
  • The owner pays for building insurance, cooling, electric, fuel, heating, lawn maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 71-08-22-129-009.000-026

Community Details

Overview

  • 13 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $1,500
  • Fuel Expense $1,200
  • Insurance Expense $2,000
  • Maintenance Expense $1,500
  • Trash Expense $900
  • Water Sewer Expense $2,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,268

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1910
  • Age: 106
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Long legal in listing office |
  • Parcel Number ID: 71-08-22-129-009.000-026
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Countertops-Laminate, Eat-In Kitchen, Patio Open
  • Sp Lp Percent: 66.09
  • Annual Miscellaneous: 480
  • Monthly Gross Income: 3830
  • Year Taxes Payable: 2016
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1672
  • Total Finished Sq Ft: 836
  • Above Grade Finished Sq Ft: 836
  • Below Grade Sq Ft: 836
  • Price Per Sq Ft: 228.47
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Carpet, Ceramic Tile, Wood
  • Total Below Grade Sq Ft: 836

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 13

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1500
  • Annual Fuel Expense: 1200
  • Annual Insurance Expense: 2000
  • Annual Maintenance Expense: 1500
  • Annual Trash Expense: 900
  • Annual Water Sewer Expense: 2800

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Harrison
  • Middle School: Navarre
  • High School: Riley
  • Elementary School: Harrison

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 120X80
  • Estimated Lot Sq Ft: 73181
  • Estimated Lot Size Acres: 1.68

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Electric, Fuel, Heating, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 3830
  • Number Of Units: 13
  • Num Of1 Bedrooms: 13
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2268

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2017
Sold by
Veldman Julie and Veldman Todd W
Bought by
Homeland Village Llc
Total Days on Market
287
Current Estimated Value
$152,500

Purchase Details

Listed on
Nov 1, 2016
Closed on
Oct 19, 2017
Sold by
Mikolajczak Georgia E
Bought by
Veldman Todd
Seller's Agent
John Piraccini
Coldwell Banker Real Estate Group
Buyer's Agent
John Piraccini
Coldwell Banker Real Estate Group
List Price
$289,000
Sold Price
$191,000
Premium/Discount to List
-$98,000
-33.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.15%

Purchase Details

Closed on
Mar 29, 2005
Sold by
Radman George P
Bought by
Radman Daniel

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
Homeland Village Llc -- --
Veldman Todd -- --
Veldman Todd -- --
Radman Daniel -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2017 10/20/17 Sold $191,000 -33.9% $228 / Sq Ft
08/15/2017 08/15/17 Pending -- -- --
11/01/2016 11/01/16 For Sale $289,000 -- $346 / 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 $173 $5,100 $5,100 --
2023 $173 $5,100 $5,100 $0
2022 $173 $5,100 $5,100 $0
2021 $163 $4,800 $4,800 $0
2020 $136 $4,000 $4,000 $0
2019 $129 $4,300 $4,300 $0
2018 $146 $4,300 $4,300 $0
2017 $151 $4,300 $4,300 $0
2016 $153 $4,300 $4,300 $0
2014 $112 $4,300 $4,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201650391

Indiana Regional MLS

APN: 71-08-22-129-009.000-026