NOT LISTED FOR SALE

302 Stone Dr Goshen, IN 46528

198 Beds
40 Baths
11,680 Sq Ft
96,703 Sq Ft Lot

Sale Details

Date Sold: February 28, 2020

Last sale price $2,265,000 $194 Per Sq Ft

38 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Level Lot
  • Carpet

About This Home

As of February 2020

Profitable apartment complex! 40 units / 10 buildings built between 1999 - 2003. Twenty 3 bedroom units, nineteen 2 bedroom units and one 1 bedroom unit. Low vacancy and great income.

Last Agent to Sell the Property

Steve Miller

RE/MAX Results Listed on: 11/15/2019

RE/MAX Results

Last Buyer's Agent

Kathy Hamman

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $51,161

Year Built

  • Built in 2003

Lot Details

  • 2.22 Acre Lot
  • Level Lot

Home Design

  • Apartment
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 11,680 Sq Ft Home
  • 2-Story Property
  • 99 Bedrooms in Basement
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 198 Bedrooms
  • 40 Full Bathrooms

Parking

  • 106 Parking Spaces
  • Private Parking
  • Driveway
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Chamberlain Elementary School
  • Goshen Middle School
  • Goshen High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, heating, sewer, water
  • The owner pays for building insurance, lawn maintenance, maintenance, snow removal
  • Assessor Parcel Number 20-11-04-401-020.000-015

Community Details

Overview

  • 10 Buildings
  • 40 Units
  • North Meadow Estates Subdivision

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 40 Separate Electric Meters
  • 40 Separate Gas Meters
  • 40 Separate Water Meters
  • Insurance Expense $6,306
  • Maintenance Expense $21,900
  • Trash Expense $4,017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$51,161

Year Built

Built in 2003

Lot Details

2.22 Acres

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 2003
  • Style: Attached
  • Bedrooms: 198
  • Total Bathrooms: 40
  • Total Full Bathrooms: 40
  • Legal Description: See associated documents for parcel numbers and brief legals for all 6 parcels
  • Parcel Number ID: 20-11-04-401-020.000-015
  • Platted: Yes
  • Amenities: Off Street Parking, Detector-Smoke
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 99
  • Special Features: None

Interior Features

  • Total Sq Ft: 11680
  • Total Finished Sq Ft: 11680
  • Above Grade Finished Sq Ft: 11680
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 40

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 106
  • Parking: Off Street, Private

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Annual Insurance Expense: 6306
  • Annual Maintenance Expense: 21900
  • Annual Trash Expense: 4017
  • Number Electric Meters: 40
  • Number Gas Meters: 40
  • Number Water Meters: 40

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Chamberlain

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 242 x 400 (approx.)
  • Estimated Lot Sq Ft: 96703
  • Estimated Lot Size Acres: 2.22

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal
  • Tenant Pays: Electric, Heating, Sewer, Water

Tax Info

  • Annual Property Tax: 51161.2

Multi Family

  • Number Of Dishwashers: 40
  • Number Of Refrigerators: 40
  • Number Of Units: 40
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 19

MLS Schools

  • High School: Goshen
  • Middle School: Goshen
  • School District: Goshen Community Schools
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Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2020 02/28/20 Sold $2,265,000 -5.6% $194 / Sq Ft
12/23/2019 12/23/19 Pending -- -- --
11/15/2019 11/15/19 For Sale $2,400,000 -- $205 / Sq Ft
Source: Indiana Regional MLS

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
2025 $5,804 $254,800 -- $254,800
2024 $5,804 $231,000 -- $231,000
2022 $6,439 $257,600 $20,000 $237,600
2021 $4,694 $195,200 $0 $195,200
2020 $5,278 $195,200 $0 $195,200
2019 $4,790 $197,900 $16,900 $181,000
2018 $4,624 $197,900 $16,900 $181,000
2017 $3,372 $163,800 $16,900 $146,900
2016 $3,036 $142,800 $16,900 $125,900
2014 $2,437 $118,300 $16,900 $101,400
2013 $2,366 $118,300 $16,900 $101,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201950975

Indiana Regional MLS
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