NOT LISTED FOR SALE

2641 S Main St Elkhart, IN 46517

Pleasant-Prairie Neighborhood

Estimated Value: $120,000 - $202,000

4 Beds
2 Baths
1,736 Sq Ft
$98/Sq Ft Est. Value

Last Sold November 18, 2015

Last sale price $33,000 $19 Per Sq Ft

Est. 416% increase in value since last sale

Current estimated payment $1,104/month

327 Days on Market

Highlights

  • Corner Lot
  • Shed
  • Forced Air Heating and Cooling System

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 2601 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

Co-Listed By

Lori Snyder

Berkshire Hathaway HomeServices Elkhart

Last Buyer's Agent

LAF NonMember

NonMember LAF

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,533

Year Built

  • Built in 1910

Lot Details

  • 6,599 Sq Ft Lot
  • Lot Dimensions are 52 x 130
  • Corner Lot

Home Design

  • Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Parking Lot

Schools

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

Additional Features

  • Shed
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for cooling, electric, fuel, heating, maintenance, tax, water
  • Assessor Parcel Number 20-06-16-277-021.000-012

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

$2,533

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1910
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Mongers S Allendale Lot 67; (TIF 136) |
  • Parcel Number ID: 20-06-16-277-021.000-012
  • Platted: Yes
  • Amenities: Basement
  • Cross Street: Hively
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2688
  • Total Finished Sq Ft: 1736
  • Above Grade Finished Sq Ft: 1736
  • Above Grade Unfinished Sq Ft: 168
  • Below Grade Sq Ft: 784
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Finished
  • Total Below Grade Sq Ft: 784
  • Number Of Disposals: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum, Stucco
  • Roof Material: Shingle
  • Stories: 2
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 140

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Lot

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

  • Elementary School: Monger

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 52 X 130
  • Estimated Lot Sq Ft: 6599
  • Estimated Lot Size Acres: 0.1515

Rental Info

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

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Efficiencies: 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
$170,264

Purchase Details

Closed on
Dec 13, 2017
Sold by
Rankin Ken and Snaffle Bit Llc
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
17.72%
Original Mortgage
$100,000
Interest Rate
3.71%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
11/18/2015 11/18/15 Sold $33,000 -78.0% $19 / Sq Ft
11/18/2015 11/18/15 Pending -- -- --
12/26/2014 12/26/14 For Sale $150,000 -- $86 / 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 $2,533 $126,100 $12,900 $113,200
2022 $2,533 $39,900 $12,900 $27,000
2021 $893 $39,900 $12,900 $27,000
2020 $946 $39,900 $12,900 $27,000
2019 $901 $38,000 $4,500 $33,500
2018 $771 $46,800 $4,500 $42,300
2017 $843 $35,000 $4,500 $30,500
2016 $838 $34,900 $4,500 $30,400
2014 $796 $68,500 $12,900 $55,600
2013 $827 $98,000 $12,900 $85,100
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Katie Davis

    Berkshire Hathaway HomeServices Elkhart

  • Lori Snyder

    Seller Co-Listing Agent in 2015

    Lori Snyder

    Berkshire Hathaway HomeServices Elkhart

    (616) 866-1212

    64 Total Sales

    Lori Snyder
    Section Image

  • L

    Buyer's Agent in 2015

    LAF NonMember

    NonMember LAF

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Map

Source: Indiana Regional MLS

MLS Number: 201500049

Indiana Regional MLS

APN: 20-06-16-277-021.000-012

Indiana Elkhart County Elkhart 46516 Pleasant-Prairie

2641 S Main St, Elkhart, IN

Not Listed for Sale

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