NOT LISTED FOR SALE

28197 Morgan St Elkhart, IN 46517

Estimated Value: $134,000 - $402,000

11 Beds
5 Baths
2,040 Sq Ft
$125/Sq Ft Est. Value

Last Sold January 23, 2025

Last sale price $420,000 $206 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $1,388/month

34 Days on Market

Highlights

  • Open Floorplan
  • Backs to Open Ground
  • Level Lot
  • Jimtown Intermediate School Rated A-
  • Fenced Yard

About This Home

As of January 2025

Great Investment Opportunity ! Property features 2 UNIT BUILDINGS ON SAME PLATTED MAP AND SAME TAX ID . UNIT 1. (A ) . 3 BEDROOMS , 2BATHROOMS , OPEN CONCEPT LIVING-DINING- KITCHEN AREA. WASHER DRYER HOOK UP IN BATHROOM. FULL BASEMENT , FENCED IN YARD. UNIT 1. ( B ) 2 BEDROOM , 1BATHROOM , OPEN CONCEPT LIVING-DINING - KITCHEN AREA . NO WASHER DRYER HOOK-UP AND CRAWL SPACE . UNIT 2. ( C ) ... 3 BEDROOM , 1 BATHROOM , OPEN CONCEPT LIVING - DINING - KITCHEN AREA . WASHER, DRYER HOOK-UP. UNIT 2 . ( D ) .. 3 BEDROOM , 1 BATHROOM , OPEN CONCEPT LIVING - DINING - KITCHEN AREA . WASHER , DRYER HOOK-UP. FURNACES , WATER HEATERS , ROOF ALL 2024.

Last Buyer's Agent

Daryle Lambright

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 132 x 165
  • Backs to Open Ground
  • Fenced Yard
  • Chain Link Fence
  • Level Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,040 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Laminate Countertops
  • Washer Hookup

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Full Bathrooms

Partially Finished Basement

  • Sump Pump
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Schools

  • Jimtown Elementary And Middle School
  • Jimtown High School

Utilities

  • Window Unit Cooling System
  • Private Company Owned Well
  • Well
  • Gas Water Heater
  • Private Sewer

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 20-05-13-478-002.000-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1986
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 11
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: BON AIR VISTA LOT 9 EX W PT & LOTS 10 & 11
  • Parcel Number ID: 20-05-13-478-002.000-001
  • Platted: Yes
  • Amenities: Basement, Fenced Yard, Countertops-Laminate, Open Floor Plan, Water Heater Electric, Water Heater Gas, Sump Pump, Washer Hook-Up
  • Zoning Description: Zo01
  • Special Features: None

Interior Features

  • Total Sq Ft: 2040
  • Total Finished Sq Ft: 2040
  • Above Grade Finished Sq Ft: 2040
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Unfinished
  • Basement Material: Poured Concrete

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Metal
  • Fence: Chain Link
  • Stories: 2

Garage/Parking

  • Driveway: Concrete, Gravel
  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Window
  • Heating Fuel: Conventional
  • Sewer: Private
  • Water Utilities: Well
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Well Type: Private
  • Number Of W D Hookups: 3

Schools

  • Elementary School: Jimtown

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 132 X 165
  • Estimated Lot Sq Ft: 21780
  • Estimated Lot Size Acres: 0.5

Multi Family

  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 2
  • Number Of 4 Bedrooms: 3

MLS Schools

  • High School: Jimtown
  • Middle School: Jimtown
  • School District: Baugo Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2024
Closed on
Jan 23, 2025
Sold by
Ramos Octavio
Bought by
Alpha Estates Llc
Buyer's Agent
Daryle Lambright
RE/MAX Results
List Price
$430,000
Sold Price
$420,000
Premium/Discount to List
-$10,000
-2.33%
Views
57
Current Estimated Value
$255,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$164,979
Avg. Annual Appreciation
-42.56%
Original Mortgage
$294,000
Outstanding Balance
$291,874
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
-$36,853

Purchase Details

Listed on
Oct 6, 2023
Closed on
Oct 30, 2023
Sold by
Duffield Michael S
Bought by
Ramos Octavio
Seller's Agent
Alyssa Lopez
Milestone Realty, LLC
List Price
$92,000
Sold Price
$110,000
Premium/Discount to List
$18,000
19.57%
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
194.60%

Purchase Details

Listed on
Oct 6, 2023
Closed on
Oct 27, 2023
Sold by
Duffield Michael S
Bought by
Ramos Octavio
Seller's Agent
Alyssa Lopez
Milestone Realty, LLC
List Price
$92,000
Sold Price
$110,000
Premium/Discount to List
$18,000
19.57%
Views
35

Purchase Details

Closed on
Jan 4, 2023
Sold by
Wait Mary Lynda
Bought by
Duffield Michael S

Purchase Details

Closed on
Sep 18, 2012
Sold by
Wait Mary L and Duffield Michael S
Bought by
Wait Mary L and Duffield Michael S

Purchase Details

Closed on
Dec 14, 2004
Sold by
Fashbaugh Mary Lynda
Bought by
Wait Mary Lynda and Duffield Michael
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
Alpha Estates Llc -- Meridian Title
Ramos Octavio $110,000 None Listed On Document
Ramos Octavio -- None Listed On Document
Duffield Michael S -- --
Wait Mary L -- None Available
Wait Mary Lynda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alpha Estates Llc $294,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/23/2025 01/23/25 Sold $420,000 -2.3% $206 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $430,000 +290.9% $211 / Sq Ft
10/27/2023 10/27/23 Sold $110,000 +19.6% $54 / Sq Ft View Prior Sale
10/11/2023 10/11/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $92,000 -- $45 / 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 $566 $91,700 $11,900 $79,800
2022 $566 $83,400 $11,900 $71,500
2021 $422 $74,400 $11,900 $62,500
2020 $326 $59,500 $11,900 $47,600
2019 $304 $55,600 $11,900 $43,700
2018 $276 $54,200 $11,900 $42,300
2017 $288 $50,700 $11,900 $38,800
2016 $275 $49,200 $11,900 $37,300
2014 $254 $48,200 $11,900 $36,300
2013 $276 $48,200 $11,900 $36,300
Source: Public Records

Agents Affiliated with this Home

  • Daryle Lambright

    Buyer's Agent in 2025

    Daryle Lambright

    RE/MAX

    (574) 238-4587

    91 Total Sales

    Daryle Lambright
    Section Image
  • Alyssa Lopez

    Seller's Agent in 2023

    Alyssa Lopez

    Milestone Realty, LLC

    48 Total Sales

    Alyssa Lopez
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202413853

Indiana Regional MLS

APN: 20-05-13-478-002.000-001

Indiana Elkhart County Elkhart 46517

28197 Morgan St, Elkhart, IN

Not Listed for Sale

MultiFamily

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