NOT LISTED FOR SALE

2601 S Main St Elkhart, IN 46517

Pleasant-Prairie Neighborhood

Estimated Value: $118,000 - $217,000

4 Beds
2 Baths
1,536 Sq Ft
$109/Sq Ft Est. Value

Last Sold November 18, 2015

Last sale price $33,000 $21 Per Sq Ft

Est. 406% increase in value since last sale

Current estimated payment $982/month

327 Days on Market

About This Home

As of November 2015

Investment Property Package made up of 3 homes: this 2 family rental, 2107 Sterling Ave. (single family) and 2641 S. Main St. (2 family rental). The price listed is for the entire package and each property generates a monthly income for the investor. For income information as well as monthly expenses, please contact agent.

Last Agent to Sell the Property

Katie Davis

Berkshire Hathaway HomeServices Elkhart Listed on: 12/26/2014

Last Buyer's Agent

LAF NonMember

NonMember LAF

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,209

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50 x 133

Parking

  • 2 Parking Spaces

Home Design

  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Monger Elementary School
  • Pierre Moran Middle School
  • Elkhart Central High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for cooling, electric, heating, maintenance, tax, water
  • Assessor Parcel Number 20-06-16-277-011.000-012

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,209

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1920
  • Age: 95
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: MONGERS SO ALLENDALE LOT 76; (TIF 136) |
  • Parcel Number ID: 20-06-16-277-011.000-012
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 33
  • Monthly Gross Income: 1150
  • Year Taxes Payable: 2013
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2160
  • Total Finished Sq Ft: 1536
  • Above Grade Finished Sq Ft: 1536
  • Below Grade Sq Ft: 624
  • Price Per Sq Ft: 21.48
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Finished
  • Total Below Grade Sq Ft: 624
  • Number Of Disposals: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Stucco
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Monger
  • Middle School: Pierre Moran
  • High School: Elkhart Central
  • Elementary School: Monger

Lot Info

  • Lot Dimensions: 50 X 133
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Cooling, Electric, Heating, Maintenance, Tax, Water
  • Tenant Pays: Cable

Multi Family

  • Gross Monthly Rent: 1150
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Efficiencies: 2
  • Num Of Units Rented: 2

MLS Schools

  • High School: Elkhart Central
  • Middle School: Pierre Moran
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2018
Sold by
N & G Investments
Bought by
Thrash Paul M and Thrash Brenda J
Current Estimated Value
$166,867

Purchase Details

Closed on
Dec 13, 2017
Sold by
Rankin Ken
Bought by
N & G Investments

Purchase Details

Listed on
Dec 26, 2014
Closed on
Nov 12, 2015
Sold by
N & G Investments
Bought by
Snaffle Bit Llc
Seller's Agent
Katie Davis
Berkshire Hathaway HomeServices Elkhart
Buyer's Agent
LAF NonMember
NonMember LAF
List Price
$150,000
Sold Price
$33,000
Premium/Discount to List
-$117,000
-78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.34%
Original Mortgage
$100,000
Interest Rate
3.71%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Thrash Paul M -- Meridian Title
N & G Investments -- Meridian Title
Snaffle Bit Llc $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Snaffle Bit Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2015 11/18/15 Sold $33,000 -78.0% $21 / Sq Ft
11/18/2015 11/18/15 Pending -- -- --
12/26/2014 12/26/14 For Sale $150,000 -- $98 / 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 $1,209 $127,700 $13,000 $114,700
2022 $2,450 $29,900 $13,000 $16,900
2021 $621 $29,900 $13,000 $16,900
2020 $661 $29,900 $13,000 $16,900
2019 $832 $38,000 $4,500 $33,500
2018 $771 $46,800 $4,500 $42,300
2017 $988 $34,900 $4,500 $30,400
2016 $771 $34,900 $4,500 $30,400
2014 $731 $34,300 $4,500 $29,800
2013 $592 $38,100 $13,000 $25,100
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Katie Davis

    Berkshire Hathaway HomeServices Elkhart

  • L

    Buyer's Agent in 2015

    LAF NonMember

    NonMember LAF

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201500046

Indiana Regional MLS

APN: 20-06-16-277-011.000-012

Indiana Elkhart County Elkhart 46516 Pleasant-Prairie

2601 S Main St, Elkhart, IN

This home is located at 2601 S Main St, Elkhart, IN 46517 since 26 December 2014 and is currently estimated at $166,867, approximately $108 per square foot. This property was built in 1920. 2601 S Main St is a home located in Elkhart County with nearby schools including Monger Elementary School, Pierre Moran Middle School, and Elkhart High School's Freshman Division.

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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