NOT LISTED FOR SALE

Estimated Value: $545,000 - $742,000

5 Beds
3 Baths
4,749 Sq Ft
$135/Sq Ft Est. Value

Last Sold February 19, 2024

Last sale price $545,000 $115 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,256/month

217 Days on Market

Highlights

  • 250 Feet of Waterfront
  • Partially Wooded Lot
  • Forced Air Heating and Cooling System
  • Fireplace in Bedroom
  • 2 Car Attached Garage
  • The river is a source of water for the property

About This Home

As of February 2024

The William K. Koerting House was designed by renowned Michigan architect Alden B. Dow in 1937. This Modern Movement home carries much of its original character. This home is being offered with a 1/2 acre to be determined by a new survey prior to closing. In the home, picture & gallery windows can be found throughout, showing the surrounding gardens of mature landscaping. The kitchen has been remodeled by Helman Sechrist and an attached greenhouse with a walkout to patio has been added to the home. In the living room stands a floor-to-ceiling picture window draws the outside in, with an attached hearth and fireplace. The primary bedroom with en suite is located on the second floor, and a wide picture window faces overlooks the river for a calming view. Multiple bedrooms are spread throughout the home, allowing for privacy. The partially finished basement contains a hearth area with fireplace, and has a large, adjacent laundry room. The exterior of the home allows for 120'+- feet of riverfront, with several patio spaces, gardens, and a dock with a small boat garage. The two-car garage is partially attached, and the horseshoe driveway makes for a grand entrance.

Last Agent to Sell the Property

Jesse Riegsecker

Bright Star Real Estate Services LLC Listed on: 06/13/2023

Last Buyer's Agent

Leanne Hankins

Cressy & Everett- Elkhart

Cressy & Everett- Elkhart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,132

Year Built

  • Built in 1938

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 225' x 120'
  • 250 Feet of Waterfront
  • River Front
  • Partially Wooded Lot
  • Historic Home

Parking

  • 2 Car Attached Garage

Home Design

  • Concrete Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Screen For Fireplace
  • Gas Log Fireplace
  • Living Room with Fireplace
  • 3 Fireplaces
  • Water Views
  • Partially Finished Basement
  • Fireplace in Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Bedroom

Schools

  • Pinewood Elementary School
  • North Side Middle School
  • Elkhart High School

Utilities

  • Forced Air Heating and Cooling System
  • The river is a source of water for the property

Listing and Financial Details

  • Assessor Parcel Number 20-02-34-376-019.000-027

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,132

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1938
  • Age: 86
  • Style: Two Story
  • Total Number of Rooms: 11
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: **Part of** BROADMOOR LOT 21 & 22 (house is being offered with lot 22) subject to new survey and split.
  • Parcel Number ID: 20-02-34-376-019.000-027
  • Platted: Yes
  • Sp Lp Percent: 93.16
  • Year Taxes Payable: 22
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 6250
  • Total Finished Sq Ft: 4749
  • Above Grade Finished Sq Ft: 3999
  • Below Grade Finished Sq Ft: 750
  • Below Grade Sq Ft: 1501
  • Price Per Sq Ft: 136.28
  • Basement: Yes
  • Basement Foundation: Partially Finished
  • Number Of Fireplaces: 3
  • Fireplace: Extra Rm, Living/Great Rm, Fireplace Screen/Door, Gas Log, Basement
  • Fireplace: Yes
  • Bedroom 1: Dimensions: 12x20, On Level: Upper
  • Bedroom 2: Dimensions: 12x14, On Level: Upper
  • Bedroom 3: Dimensions: 11x15, On Level: Upper
  • Bedroom 4: Dimensions: 11x12, On Level: Main
  • Bedroom 5: Dimensions: 11x10, On Level: Main
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 2251

Exterior Features

  • Exterior: Concrete, Stucco
  • Outbuilding1: None
  • Water Frontage: 250
  • Water Name: Saint Joseph River

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 40x20
  • Garage Sq Ft: 800
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Water Type: River

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Pinewood
  • Middle School: North Side
  • High School: Elkhart
  • Elementary School: Pinewood

Lot Info

  • Lot Description: Partially Wooded, Waterfront, Historic Designation, Water View, Waterfront-Medium Bank
  • Lot Dimensions: 225' x 120'
  • Estimated Lot Sq Ft: 23950
  • Estimated Lot Size Acres: 0.55

Tax Info

  • Annual Taxes: 9132.38

Multi Family

  • Water Access: Riverfront

MLS Schools

  • High School: Elkhart
  • Middle School: North Side
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2023
Closed on
Feb 19, 2024
Sold by
Idk Holdings Llc
Bought by
Menon Gopal
Seller's Agent
Jesse Riegsecker
Bright Star Real Estate Services LLC
Buyer's Agent
Leanne Hankins
Cressy & Everett- Elkhart
List Price
$1,250,000
Sold Price
$545,000
Premium/Discount to List
-$705,000
-56.4%
Views
588
Current Estimated Value
$642,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,429
Avg. Annual Appreciation
12.13%
Original Mortgage
$528,650
Outstanding Balance
$521,370
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$118,341

Purchase Details

Listed on
Jun 13, 2023
Closed on
Jan 2, 2024
Sold by
Idk Holdings Llc
Bought by
Collins Richard and Collins Kathleen
Seller's Agent
Jesse Riegsecker
Bright Star Real Estate Services LLC
Buyer's Agent
Leanne Hankins
Cressy & Everett- Elkhart
List Price
$1,250,000
Sold Price
$545,000
Premium/Discount to List
-$705,000
-56.4%
Views
588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,650
Outstanding Balance
$521,370
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$118,341

Purchase Details

Closed on
Dec 12, 2023
Sold by
Idk Holdings Llc
Bought by
Idk Holdings Llc

Purchase Details

Closed on
Oct 5, 2023
Sold by
2625 Greenleaf Llc
Bought by
Idk Holdings Llc

Purchase Details

Closed on
Mar 9, 2023
Sold by
Owens Barbara J
Bought by
2625 Greenleaf Llc

Purchase Details

Closed on
Dec 24, 2012
Sold by
Owens Family Trust Of 1990
Bought by
Owens Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 2, 2008
Sold by
Owens Charles V and Owens Cheryl M
Bought by
Owens Charles and Owens Cheryl M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2008
Sold by
Owens Charles V and Owens Cheryl M
Bought by
Owens Charles and Owens Cheryl M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.01%
Mortgage Type
New Conventional
Source: Public Records

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
Menon Gopal $545,000 None Listed On Document
Collins Richard -- Metropolitan Title
Idk Holdings Llc -- None Listed On Document
Idk Holdings Llc $550,000 Metropolitan Title
2625 Greenleaf Llc $900,000 --
Owens Barbara J -- Lawyers Title
Owens Charles -- Guardian Title
Owens Charles -- Guardian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Menon Gopal $528,650
Previous Owner Owens Barbara J $400,000
Previous Owner Owens Charles $417,000
Previous Owner Owens Cheryl M $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2024 02/19/24 Sold $545,000 -6.8% $115 / Sq Ft
01/16/2024 01/16/24 Pending -- -- --
12/30/2023 12/30/23 Price Changed $585,000 -6.4% $123 / Sq Ft
11/17/2023 11/17/23 Price Changed $625,000 -28.6% $132 / Sq Ft
10/12/2023 10/12/23 Price Changed $875,000 -5.4% $184 / Sq Ft
10/06/2023 10/06/23 Price Changed $925,000 -5.1% $195 / Sq Ft
09/25/2023 09/25/23 Price Changed $975,000 -11.4% $205 / Sq Ft
09/01/2023 09/01/23 Price Changed $1,100,000 -12.0% $232 / Sq Ft
06/14/2023 06/14/23 For Sale $1,250,000 +129.4% $263 / Sq Ft
06/13/2023 06/13/23 Off Market $545,000 -- --
06/13/2023 06/13/23 For Sale $1,250,000 -- $263 / 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 $8,373 $591,700 $239,100 $352,600
2022 $8,373 $745,800 $437,500 $308,300
2021 $9,032 $622,100 $343,400 $278,700
2020 $9,047 $690,600 $437,500 $253,100
2019 $8,623 $658,000 $437,500 $220,500
2018 $9,144 $695,600 $484,000 $211,600
2017 $9,067 $686,600 $484,000 $202,600
2016 $8,949 $678,000 $483,900 $194,100
2014 $8,858 $673,200 $483,900 $189,300
2013 $14,240 $673,200 $483,900 $189,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202320088

Indiana Regional MLS

APN: 20-02-34-376-019.000-027