NOT LISTED FOR SALE

317 W Lexington Ave Elkhart, IN 46516

West Central Neighborhood

Estimated Value: $159,000 - $212,386

5 Beds
4 Baths
2,488 Sq Ft
$76/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $140,000 $56 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,225/month

13 Days on Market

Highlights

  • Traditional Architecture
  • Hot Water Heating System
  • 4-minute walk to Geroldean Thursby Memorial Tot Lot
  • Wood Flooring
  • Level Lot

About This Home

As of June 2021

Nice return on investment. 4 unit apartment building within walking distance of downtown. All units currently rented. Coin operated washer/dryer in basement for tenant's use and extra income. Buyer to verify, schools, sq ft., room sizes, taxes, etc.

Last Agent to Sell the Property

Shelley Tucker

Assurance Property Management & Realty Inc Listed on: 05/11/2021

Last Buyer's Agent

Amanda Pietrzak

Weichert Rltrs-J.Dunfee&Assoc.

Weichert Rltrs-J.Dunfee&Assoc.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,639

Year Built

  • Built in 1900

Lot Details

  • 6,930 Sq Ft Lot
  • Lot Dimensions are 42 x 165
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Driveway
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Hot Water Heating System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, cooling, electric
  • The owner pays for electric, heating, lawn maintenance, maintenance, sewer, trash collection, water
  • Assessor Parcel Number 20-06-05-380-020.000-012

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,575
  • Fuel Expense $1,690
  • Insurance Expense $1,200
  • Maintenance Expense $2,500
  • Water Sewer Expense $2,300

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,639

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1900
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 5
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: BEARDSLEYS 1ST E1/2 LOT 78 EX S 42FT (TIF 75)
  • Parcel Number ID: 20-06-05-380-020.000-012
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Countertops-Laminate, Detector-Carbon Monoxide, Detector-Smoke, Water Heater Electric
  • Location: City/Town/Suburb
  • Special Features: None

Interior Features

  • Total Sq Ft: 4976
  • Total Finished Sq Ft: 2488
  • Above Grade Finished Sq Ft: 2488
  • Below Grade Sq Ft: 2488
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Vinyl, Wood
  • Total Below Grade Sq Ft: 2488
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Heating Fuel: Hot Water
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Annual Electric: 1575
  • Annual Fuel Expense: 1690
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 2500
  • Annual Water Sewer Expense: 2300
  • Number Electric Meters: 4
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 42 X 165
  • Estimated Lot Sq Ft: 6930
  • Estimated Lot Size Acres: 0.1591

Rental Info

  • Owner Pays: Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cable, Cooling, Electric

Tax Info

  • Annual Property Tax: 2639

Multi Family

  • Number Of Dryers: 1
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Jun 25, 2021
Sold by
Myers Timothy and Myers Sarah
Bought by
Pletcher Properties Inc
Seller's Agent
Shelley Tucker
Assurance Property Management & Realty Inc
Buyer's Agent
Amanda Pietrzak
Weichert Rltrs-J.Dunfee&Assoc.
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%
Current Estimated Value
$189,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,597
Avg. Annual Appreciation
7.05%
Original Mortgage
$140,000
Outstanding Balance
$127,028
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$62,569

Purchase Details

Listed on
Jan 13, 2014
Closed on
Jan 16, 2014
Sold by
Schweinzger William L
Bought by
Myers Timothy and Myers Sarah
Seller's Agent
William Schweinzger
Berkshire Hathaway HomeServices Elkhart
Buyer's Agent
William Schweinzger
Berkshire Hathaway HomeServices Elkhart
List Price
$85,000
Sold Price
$85,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pletcher Properties Inc $140,000 Near North Title Grop
Myers Timothy -- Lawyers Title
Schweinzger William L -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pletcher Properties Inc $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/25/2021 06/25/21 Sold $140,000 -6.6% $56 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $149,900 +76.4% $60 / Sq Ft
01/16/2014 01/16/14 Sold $85,000 0.0% $34 / Sq Ft View Prior Sale
01/16/2014 01/16/14 Pending -- -- --
01/13/2014 01/13/14 For Sale $85,000 -- $34 / 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 $2,770 $144,500 $13,500 $131,000
2022 $2,624 $138,200 $13,500 $124,700
2021 $2,787 $136,700 $13,500 $123,200
2020 $2,639 $121,500 $13,500 $108,000
2019 $2,363 $109,200 $13,500 $95,700
2018 $2,394 $109,900 $13,500 $96,400
2017 $2,314 $105,900 $13,500 $92,400
2016 $2,210 $101,400 $13,500 $87,900
2014 $2,023 $94,900 $13,500 $81,400
2013 $1,134 $56,700 $13,500 $43,200
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Shelley Tucker

    Assurance Property Management & Realty Inc

    (574) 320-3300

    2 in this area

    62 Total Sales

    Shelley Tucker
    Section Image

  • A

    Buyer's Agent in 2021

    Amanda Pietrzak

    Weichert Rltrs-J.Dunfee&Assoc.

    Section Image

  • W

    Seller's Agent in 2014

    William Schweinzger

    Berkshire Hathaway HomeServices Elkhart

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202116734

Indiana Regional MLS

APN: 20-06-05-380-020.000-012

Indiana Elkhart County Elkhart 46516 West Central

317 W Lexington Ave, Elkhart, IN

Not Listed for Sale

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