305 S Wellington St South Bend, IN 46619
LaSalle Park NeighborhoodEstimated payment $516/month
Highlights
- Bungalow
- Forced Air Heating System
- 1-Story Property
- Laundry in Utility Room
About This Home
Nestled in the desirable LaSalle Park neighborhood, this charming 2-bedroom, 1-bathroom single-story home offers 672 sq. ft. of well-maintained living space. Ideal for investors or those seeking a cozy home with rental income potential, this property comes with a tenant in place paying $1,025 per month, with tenant covering all utility costs. Featuring updated floors, newer windows throughout, and neutral paint colors, this home is ready to add cash flow to your rental portfolio. Convenient main-level laundry hook-up. This property is an excellent opportunity for anyone looking to invest in a well-established rental in a thriving South Bend location. A short distance from the Studebaker National Museum, with close proximity to Potawatomi Park and Downtown South Bend. Easy access to schools, restaurants, and all local amenities. Don’t miss this opportunity to own a great investment property!
Listing Agent
McKinnies Realty, LLC Brokerage Phone: 574-202-2752 Listed on: 12/09/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $889
Year Built
- Built in 1950
Lot Details
- 5,160 Sq Ft Lot
- Lot Dimensions are 40x129
Home Design
- Bungalow
- Shingle Roof
- Vinyl Construction Material
Interior Spaces
- 1-Story Property
- Laminate Flooring
- Crawl Space
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Laundry in Utility Room
- Washer Hookup
Parking
- 1 Parking Space
- On-Street Parking
- Off-Street Parking
Location
- Suburban Location
Schools
- Harrison Elementary School
- Navarre Middle School
- Washington High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Forced Air Heating System
- Gas Water Heater
Listing and Financial Details
- The owner pays for building insurance, tax
- Assessor Parcel Number 71-08-09-255-023.000-026
- Seller Concessions Not Offered
Community Details
Overview
- Lincoln Park Subdivision
Pet Policy
- Pet Restriction
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $421
Map
Home Values in the Area
Average Home Value in this Area
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 | $932 | $65,700 | $1,000 | $64,700 |
| 2023 | $889 | $37,300 | $1,000 | $36,300 |
| 2022 | $756 | $31,500 | $1,000 | $30,500 |
| 2021 | $597 | $23,100 | $1,200 | $21,900 |
| 2020 | $535 | $23,000 | $1,000 | $22,000 |
| 2019 | $495 | $22,600 | $1,100 | $21,500 |
| 2018 | $447 | $16,900 | $800 | $16,100 |
| 2017 | $462 | $16,900 | $800 | $16,100 |
| 2016 | $471 | $16,900 | $800 | $16,100 |
| 2014 | $497 | $19,000 | $900 | $18,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2025 05/20/25 | Price Changed | $79,900 | 0.0% | $119 / Sq Ft |
| 05/20/2025 05/20/25 | Price Changed | $79,900 | -5.9% | $119 / Sq Ft |
| 02/25/2025 02/25/25 | Price Changed | $84,900 | 0.0% | $126 / Sq Ft |
| 02/25/2025 02/25/25 | Price Changed | $84,900 | -2.3% | $126 / Sq Ft |
| 01/20/2025 01/20/25 | Price Changed | $86,900 | 0.0% | $129 / Sq Ft |
| 01/20/2025 01/20/25 | Price Changed | $86,900 | -2.2% | $129 / Sq Ft |
| 01/09/2025 01/09/25 | For Sale | $88,900 | 0.0% | $132 / Sq Ft |
| 12/09/2024 12/09/24 | For Sale | $88,900 | -- | $132 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $60,000 | Fidelity National Title Compan | |
| Sheriffs Deed | $45,190 | None Available | |
| Warranty Deed | -- | Title Works | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $46,800 | New Conventional |
Source: Indiana Regional MLS
MLS Number: 202446695
APN: 71-08-09-255-023.000-026
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