$110,000
SOLD OCT 27, 2023

28197 Morgan St Elkhart, IN 46517

4 Beds
3 Baths
2,040 Sq Ft
0.31 Acres

Recently Sold

$54 Per Sq Ft

20% Above List Price

5 Days on Market

Highlights

  • Fenced Yard
  • Shed
  • Partially Carpeted
  • Jimtown Intermediate School Rated A-

About This Home

As of January 2025

Investment Opportunity! Property features a 4 bedroom 3 bathroom ranch style home with mother-in-law suite, and a three unit duplex. Needs work. Stove, refrigerator, washer and dryer included with house. Status of furnace and hot water heater unknown. Appliances not warranted. Partial unfinished basement/ Partial crawl space. Shed in back yard. Three unit duplex with parking area in front. Two units upstairs, single unit on main. Duplex has fire damage. Upper level is not safe to walk through. Pictures attached in listing. Selling As-Is. Cash buyers only.

Last Agent to Sell the Property

Alyssa Lopez

Milestone Realty, LLC Brokerage Phone: 574-904-0961 Listed on: 10/06/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $407

Year Built

  • Built in 1986

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 132x165
  • Fenced Yard
  • Partially Fenced Property
  • Chain Link Fence
  • Irregular Lot

Home Design

  • Duplex
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Crawl Space

Flooring

  • Partially Carpeted
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Private Parking
  • Driveway

Schools

  • Jimtown Elementary And Middle School
  • Jimtown High School

Utilities

  • Private Company Owned Well
  • Well
  • Septic System

Additional Features

  • Shed
  • Suburban Location

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$407

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1986
  • Age: 37
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • 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
  • Cross Street: Broad Street
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Paved
  • Sp Lp Percent: 119.57
  • Zoning Description: ZO01 Residential
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 2040
  • Total Finished Sq Ft: 2040
  • Above Grade Finished Sq Ft: 2040
  • Price Per Sq Ft: 53.92
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Unfinished
  • Basement Material: Poured Concrete
  • Flooring: Laminate, Mixed, Part Carpet
  • Main Level Sq Ft: 2040
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Fence: Partial, Chain Link
  • Stories: 2
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 64

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 4
  • Parking: Private

Utilities

  • Heating Fuel: Conventional
  • Sewer: Septic
  • Water Utilities: Well
  • Well Type: Private
  • Number Of W D Hookups: 1

Schools

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

Lot Info

  • Lot Description: Irregular
  • Lot Dimensions: 132X165
  • Estimated Lot Sq Ft: 13504
  • Estimated Lot Size Acres: 0.31

Tax Info

  • Total Assessed Value: 83400
  • Annual Property Tax: 407.4

Multi Family

  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 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-Goshen
List Price
$430,000
Sold Price
$420,000
Premium/Discount to List
-$10,000
-2.33%
Views
57
Current Estimated Value
$282,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$137,308
Avg. Annual Appreciation
-45.11%
Original Mortgage
$294,000
Outstanding Balance
$292,145
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
-$9,453

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:

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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 Type Sale Price Title Company
Warranty Deed -- Meridian Title
Warranty Deed $110,000 None Listed On Document
Warranty Deed -- None Listed On Document
Quit Claim Deed -- --
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $294,000 New Conventional
Previous Owner $150,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

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Map

Source: Indiana Regional MLS

MLS Number: 202336685

Indiana Regional MLS

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