NOT LISTED FOR SALE

316 E Monroe St Goshen, IN 46526

Historic Southside Neighborhood

Estimated Value: $123,000 - $193,000

3 Beds
2 Baths
1,494 Sq Ft
$111/Sq Ft Est. Value

Last Sold March 03, 2016

Last sale price $60,000 $40 Per Sq Ft

Est. 186% increase in value since last sale

Current estimated payment $1,202/month

15 Days on Market

Highlights

  • Eat-In Kitchen
  • Forced Air Heating System
  • Carpet
  • Shed
  • Level Lot

About This Home

As of March 2016

2-unit home, 2 furnaces, 2 water heaters, separate electric. Owner pays water & sewer, tenant pays gas & electric. Extra large lot with room to add additional off street parking & there is plenty of curbside parking as well. MF 1BR has large rooms & a good tenant. Upstairs 2BR is vacant & has good appeal. Rent has not been adjusted in a while, could be higher for both units.

Last Agent to Sell the Property

Mary Murray

RE/MAX Results Listed on: 01/21/2016

RE/MAX Results

Last Buyer's Agent

Mary Murray

RE/MAX Results Listed on: 01/21/2016

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 79x86
  • Level Lot

Parking

  • 3 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 1.5-Story Property
  • Eat-In Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Michigan Basement
  • Laundry in Basement

Outdoor Features

  • Shed

Schools

  • Ab Chandler Elementary School
  • Goshen Middle School
  • Goshen High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for building insurance, maintenance, sewer, tax, water
  • Assessor Parcel Number 20-11-09-483-005.000-015

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Insurance Expense $559
  • Water Sewer Expense $274

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1915
  • Style: One and Half Story
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: BARNES 2ND SO 79X86 FT CENT PT LOT 11 |
  • Parcel Number ID: 20-11-09-483-005.000-015
  • Platted: Yes
  • Amenities: Basement, Eat-In Kitchen, Water Heater Gas
  • Inside City Limits: Yes
  • Special Features: None

Interior Features

  • Total Sq Ft: 2250
  • Total Finished Sq Ft: 1494
  • Above Grade Finished Sq Ft: 1494
  • Below Grade Sq Ft: 756
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 756
  • Number Of Ranges Ovens: 2

Exterior Features

  • Stories: 1.5
  • Outbuilding: Shed

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 558.76
  • Annual Water Sewer Expense: 274.16
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: AB Chandler Elementary School

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 79x86
  • Estimated Lot Sq Ft: 6970
  • Estimated Lot Size Acres: 0.16

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Maintenance, Sewer, Tax, Water
  • Tenant Pays: Electric, Heating

Tax Info

  • Annual Property Tax: 1705

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2021
Sold by
Tate Robert N and Tate Pamela K
Bought by
Square H Properties Llc
Current Estimated Value
$171,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Outstanding Balance
$106,362
Interest Rate
2.71%
Mortgage Type
Commercial
Estimated Equity
$60,053

Purchase Details

Listed on
Jan 21, 2016
Closed on
Mar 3, 2016
Sold by
Rieth John R and Dailey Peggy L
Bought by
Tate Robert N and Tate Pamela K
Seller's Agent
Mary Murray
RE/MAX Results
Buyer's Agent
Mary Murray
RE/MAX Results
List Price
$67,900
Sold Price
$60,000
Premium/Discount to List
-$7,900
-11.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.88%
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
Square H Properties Llc $80,000 Near North Title Group
Tate Robert N -- Hamilton Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Square H Properties Llc $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2016 03/03/16 Sold $60,000 -11.6% $40 / Sq Ft
02/05/2016 02/05/16 Pending -- -- --
01/21/2016 01/21/16 For Sale $67,900 -- $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
2025 $3,664 $161,500 $23,200 $138,300
2024 $2,341 $146,000 $23,200 $122,800
2022 $2,341 $93,500 $0 $93,500
2021 $1,952 $81,300 $0 $81,300
2020 $2,195 $81,300 $0 $81,300
2019 $1,916 $76,900 $23,200 $53,700
2018 $1,817 $76,900 $23,200 $53,700
2017 $1,658 $80,600 $23,200 $57,400
2016 $1,828 $86,300 $23,200 $63,100
2014 $1,705 $82,800 $23,200 $59,600
2013 $1,700 $85,000 $23,200 $61,800
Source: Public Records

Agents Affiliated with this Home

  • Mary Murray

    Seller's Agent in 2016

    Mary Murray

    RE/MAX

    (574) 536-1315

    13 Total Sales

    Mary Murray
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Map

Source: Indiana Regional MLS

MLS Number: 201602713

Indiana Regional MLS

APN: 20-11-09-483-005.000-015

Indiana Elkhart County Goshen 46526 Historic Southside

316 E Monroe St, Goshen, IN

Not Listed for Sale

MultiFamily

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