NOT LISTED FOR SALE

325 State St Elkhart, IN 46516

Estimated Value: $114,949 - $142,000

6 Beds
3 Baths
2,006 Sq Ft
$65/Sq Ft Est. Value

Last Sold August 17, 2017

Last sale price $11,000 $5 Per Sq Ft

Est. 1,077% increase in value since last sale

Current estimated payment $810/month

42 Days on Market

Highlights

  • Forced Air Heating System
  • Carpet
  • 3-minute walk to Ludgwig Corner
  • Level Lot

About This Home

As of August 2017

Good rental history on this three unit. $1500 per month ($18,000/yr). Owner is selling his portfolio of 21 buildings. Subject to tenant's rights. Cash offers only! Wants them all gone by August 1st. Proof of funds required before showing

Last Agent to Sell the Property

Dan Brouillette

Pheasant Ridge Realty Listed on: 06/01/2017

Last Buyer's Agent

Dan Brouillette

Pheasant Ridge Realty Listed on: 06/01/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 33 x 132
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • Triplex
  • Asphalt

Interior Spaces

  • 2-Story Property
  • Michigan Basement
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for heating, water
  • Assessor Parcel Number 20-06-04-357-007.000-012

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $3,200
  • Insurance Expense $360
  • Water Sewer Expense $900

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 117
  • Style: One and Half Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: BEESONS 1ST W1/2 LOT 6; (TIF110)
  • Parcel Number ID: 20-06-04-357-007.000-012
  • Platted: Yes
  • Amenities: Detector-Smoke
  • Sp Lp Percent: 59.78
  • Monthly Gross Income: 1500
  • Special Features: None

Interior Features

  • Total Sq Ft: 2838
  • Total Finished Sq Ft: 2006
  • Above Grade Finished Sq Ft: 2006
  • Below Grade Sq Ft: 832
  • Basement Foundation: Michigan Basement
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 832
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Asphalt
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 3200
  • Annual Insurance Expense: 360
  • Annual Water Sewer Expense: 900

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Elkhart Community
  • Middle School: Pierre Moran
  • High School: Central

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 33 x 132
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1
  • Lot Number: 6

Rental Info

  • Owner Pays: Heating, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 45700
  • Annual Property Tax: 1007

Multi Family

  • Gross Monthly Rent: 1500
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2012
Sold by
Unique Investment Group Llc
Bought by
Unique Investment Group Llc
Current Estimated Value
$129,487

Purchase Details

Closed on
Oct 6, 2011
Sold by
Ecb Real Estate Holdings Llc
Bought by
Unique Inv Gp Llc

Purchase Details

Closed on
May 25, 2011
Sold by
Indiana Community Bank
Bought by
Ecb Real Estate Holdings Llc

Purchase Details

Closed on
Mar 20, 2006
Sold by
Books Charles
Bought by
Baldwin Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.38%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 21, 2006
Sold by
Byrum Mark A
Bought by
Books Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.38%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 3, 2005
Sold by
Fairchild Betty J
Bought by
Books Charles

Purchase Details

Closed on
Nov 14, 1998
Sold by
Fairchild James J and Mitchell Mikel K
Bought by
The James E Fairchild Living Trust
Source: Public Records

Range of Values:

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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
Unique Investment Group Llc -- None Available
Unique Inv Gp Llc -- Meridian Title Corp
Ecb Real Estate Holdings Llc -- None Available
Indiana Community Bank $12,000 None Available
Baldwin Robert D -- Metropolitan Title
Books Charles -- Metropolitan Title
Books Charles -- Heritage Title Company Inc
The James E Fairchild Living Trust -- Meridian Title Corp
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2017 08/17/17 Sold $11,000 -63.2% $5 / Sq Ft
07/13/2017 07/13/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $29,900 -- $15 / 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 $1,485 $77,100 $9,200 $67,900
2022 $1,485 $53,600 $9,200 $44,400
2021 $1,102 $53,600 $9,200 $44,400
2020 $1,172 $53,600 $9,200 $44,400
2019 $1,071 $49,100 $3,100 $46,000
2018 $1,076 $49,000 $3,100 $45,900
2017 $1,024 $46,500 $3,100 $43,400
2016 $1,022 $46,500 $3,100 $43,400
2014 $974 $45,700 $3,100 $42,600
2013 $886 $44,300 $9,400 $34,900
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Dan Brouillette

    Pheasant Ridge Realty

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201724357

Indiana Regional MLS

APN: 20-06-04-357-007.000-012

Indiana Elkhart County Elkhart 46516

325 State St, Elkhart, IN

This home is located at 325 State St, Elkhart, IN 46516 since 01 June 2017 and is currently estimated at $129,487, approximately $64 per square foot. This property was built in 1900. 325 State St is a home located in Elkhart County with nearby schools including Riverview Elementary School, Pierre Moran Middle School, and Elkhart High School's Freshman Division.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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