NOT LISTED FOR SALE

Estimated Value: $138,000 - $226,000

4 Beds
3 Baths
1,910 Sq Ft
$95/Sq Ft Est. Value

Last Sold November 16, 2023

Last sale price $150,000 $79 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,067/month

2 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • Carpet
  • Adams High School Rated A-

About This Home

As of November 2023

Introducing a fantastic investment property near the popular River Park area. This Triplex offers separate exterior entrances for each unit. The Main Level features two units each with 1 Large bedroom and 1 bathroom. The Upper unit features 2 bedrooms and 1 bathroom. With its convenient location and proximity to amenities, this triplex offers a great opportunity for investors. Don’t miss out on this great addition to your portfolio!

Last Agent to Sell the Property

Sabas Valencia

RE/MAX Results Brokerage Phone: 574-376-9859 Listed on: 09/28/2023

RE/MAX Results

Last Buyer's Agent

Sabas Valencia

RE/MAX Results Brokerage Phone: 574-376-9859 Listed on: 09/28/2023

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,294

Year Built

  • Built in 1926

Lot Details

  • 5,545 Sq Ft Lot
  • Lot Dimensions are 42x132

Parking

  • 2 Parking Spaces

Home Design

  • Triplex
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laminate Countertops
  • Partially Finished Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Schools

  • Nuner Elementary School
  • Jefferson Middle School
  • Adams High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for building insurance, electric, heating, lawn maintenance, maintenance, sewer, water
  • Assessor Parcel Number 71-09-17-207-021.000-026

Community Details

Overview

  • 3 Units
  • Fordham Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,020
  • Fuel Expense $4,008
  • Insurance Expense $1,200
  • Maintenance Expense $540
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,294

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1926
  • Age: 97
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Lot 25 Fordham Add
  • Parcel Number ID: 71-09-17-207-021.000-026
  • Platted: Yes
  • Amenities: Countertops-Laminate, Water Heater Gas
  • Grid: 160 St. Joe Co.
  • Sp Lp Percent: 96.77
  • Monthly Gross Income: 2500
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 2222
  • Total Finished Sq Ft: 1910
  • Above Grade Finished Sq Ft: 1910
  • Below Grade Sq Ft: 312
  • Price Per Sq Ft: 78.53
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 312
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl, Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1020
  • Annual Fuel Expense: 4008
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 540
  • Annual Water Sewer Expense: 1200
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Meters: 1

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Nuner
  • Middle School: Jefferson
  • High School: Adams
  • Elementary School: Nuner

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 42x132
  • Estimated Lot Sq Ft: 5545
  • Estimated Lot Size Acres: 0.1273
  • Lot Number: 25

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Water

Multi Family

  • Gross Monthly Rent: 2500
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 3
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 2293.63

MLS Schools

  • High School: Adams
  • Middle School: Jefferson
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2023
Closed on
Nov 30, 2023
Sold by
Canales Jovanny Garcia
Bought by
Mendoza Martha L
Seller's Agent
Sabas Valencia
RE/MAX Results
Buyer's Agent
Sabas Valencia
RE/MAX Results
List Price
$155,000
Sold Price
$150,000
Premium/Discount to List
-$5,000
-3.23%
Views
24
Current Estimated Value
$181,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,653
Avg. Annual Appreciation
10.78%
Original Mortgage
$135,000
Outstanding Balance
$132,650
Interest Rate
7.25%
Mortgage Type
Construction
Estimated Equity
$49,003

Purchase Details

Listed on
Sep 28, 2023
Closed on
Nov 16, 2023
Sold by
Canales Jovanny Garcia
Bought by
Mendoza Martha L
Seller's Agent
Sabas Valencia
RE/MAX Results
Buyer's Agent
Sabas Valencia
RE/MAX Results
List Price
$155,000
Sold Price
$150,000
Premium/Discount to List
-$5,000
-3.23%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Outstanding Balance
$132,650
Interest Rate
7.25%
Mortgage Type
Construction
Estimated Equity
$49,003

Purchase Details

Listed on
Jul 1, 2022
Closed on
Aug 19, 2022
Sold by
Mialeo Llc
Bought by
Canales Jovanny Garcia
Seller's Agent
Lee Clark
Realty Plus, Inc.
Buyer's Agent
Sabas Valencia
RE/MAX Results
List Price
$110,000
Sold Price
$100,000
Premium/Discount to List
-$10,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.68%
Original Mortgage
$75,000
Interest Rate
5.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2016
Sold by
Tiffany John
Bought by
Mialeo Llc

Purchase Details

Closed on
Nov 17, 2016
Sold by
Heaney Craig W
Bought by
Tiffany John
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 Buyer Sale Price Title Company
Mendoza Martha L $150,000 Metropolitan Title
Mendoza Martha L -- Metropolitan Title
Canales Jovanny Garcia -- Griner Gary
Mialeo Llc -- Metropolitan Title
Tiffany John -- Metropolitan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendoza Martha L $135,000
Closed Mendoza Martha L $135,000
Previous Owner Canales Jovanny Garcia $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2023 11/16/23 Sold $150,000 -3.2% $79 / Sq Ft
09/28/2023 09/28/23 For Sale $155,000 +55.0% $81 / Sq Ft
08/19/2022 08/19/22 Sold $100,000 -9.1% $52 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
07/01/2022 07/01/22 For Sale $110,000 -- $58 / 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 $1,234 $98,900 $5,900 $93,000
2023 $2,371 $98,800 $5,900 $92,900
2022 $2,371 $98,800 $5,900 $92,900
2021 $2,186 $89,300 $4,500 $84,800
2020 $2,186 $89,300 $4,500 $84,800
2019 $1,821 $88,900 $4,100 $84,800
2018 $2,225 $88,900 $4,100 $84,800
2017 $2,240 $88,000 $4,100 $83,900
2016 $2,286 $88,000 $4,100 $83,900
2014 $2,221 $85,000 $2,300 $82,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202335421

Indiana Regional MLS

APN: 71-09-17-207-021.000-026