NOT LISTED FOR SALE

338 N Olive St South Bend, IN 46628

Kennedy Park Neighborhood

Estimated Value: $118,000 - $140,000

4 Beds
3 Baths
2,450 Sq Ft
$52/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $93,000 $38 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $879/month

93 Days on Market

About This Home

As of May 2021

Great investment property. The main level (unit a-$700.00 per month) has 2 bedrooms, den, full bathroom, and eat-in kitchen. Both upstairs units (unit B is $525 and unit C $450.00) have 1 bedroom, living room, full bathroom and kitchen. The large unfinished basement that is being used for storage. This triplex has separate entrances and coded doors. Price includes vacant lot across the street.

Last Agent to Sell the Property

Kathy Lampert

Century 21 Circle Listed on: 02/03/2021

Century 21 Circle

Last Buyer's Agent

Drew Overmyer

At Home Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,592

Year Built

  • Built in 1938

Lot Details

  • 7,658 Sq Ft Lot
  • Lot Dimensions are 132x58
  • Corner Lot

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable, electric, sewer, trash collection, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 71-08-03-454-001.000-026

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • Fuel Expense $1,320
  • Insurance Expense $1,200
  • Maintenance Expense $1,200
  • Water Sewer Expense $720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,592

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1938
  • Age: 83
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: LOTS 38 39 ARNOLD & FISHERS SUB OF LOT 2-8 KUNSTMAN & MYERS, LOT 37 ARNOLD & FISHERS SUB OF LOTS 2-8 KUNSTMAN & MYERS
  • Parcel Number ID: 71-08-03-454-001.000-026
  • Platted: Yes
  • Amenities: Basement
  • Location: City/Town/Suburb
  • Parcel Id2: 71-08-03-453-021.000-026
  • Sp Lp Percent: 91.18
  • Annual Miscellaneous: 400
  • Monthly Gross Income: 1200
  • Special Features: None

Interior Features

  • Total Sq Ft: 3675
  • Total Finished Sq Ft: 2450
  • Above Grade Finished Sq Ft: 2450
  • Below Grade Sq Ft: 1225
  • Price Per Sq Ft: 37.96
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Laminate
  • Main Level Sq Ft: 1225
  • Total Below Grade Sq Ft: 1225
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

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

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: South Bend Municipal Util
  • Annual Fuel Expense: 1320
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 1200
  • Annual Water Sewer Expense: 720
  • Number Electric Meters: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Coquillard
  • Middle School: Navarre
  • High School: Washington

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 132x58
  • Estimated Lot Sq Ft: 7658
  • Estimated Lot Size Acres: 0.1758
  • Lot Number: 38

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cable, Electric, Sewer, Trash Collection, Water

Tax Info

  • Total Assessed Value: 78700
  • Annual Property Tax: 1592

Multi Family

  • Gross Monthly Rent: 1200
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2021
Closed on
May 3, 2021
Sold by
Hughes Jeffrey Mark and Hughes Tabitha Ann
Bought by
Charette Matthew
Seller's Agent
Kathy Lampert
Century 21 Circle
Buyer's Agent
Drew Overmyer
At Home Realty Group
List Price
$102,000
Sold Price
$93,000
Premium/Discount to List
-$9,000
-8.82%
Current Estimated Value
$127,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,928
Avg. Annual Appreciation
7.77%
Original Mortgage
$69,750
Outstanding Balance
$63,287
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$64,641

Purchase Details

Listed on
May 31, 2018
Closed on
Jul 2, 2019
Sold by
Fish David D
Bought by
Hughes Jeffrey Mark and Hughes Tabitha Ann
Seller's Agent
Michael Worden
Howard Hanna SB Real Estate
Buyer's Agent
Michael Worden
Howard Hanna SB Real Estate
List Price
$105,000
Sold Price
$85,000
Premium/Discount to List
-$20,000
-19.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.93%
Original Mortgage
$63,750
Interest Rate
3.9%
Mortgage Type
New Conventional
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
Charette Matthew $93,000 None Available
Hughes Jeffrey Mark -- Metropolitan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Charette Matthew $69,750
Previous Owner Hughes Jeffrey Mark $63,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $93,000 -8.8% $38 / Sq Ft
02/03/2021 02/03/21 For Sale $102,000 +20.0% $42 / Sq Ft
06/25/2019 06/25/19 Sold $85,000 -19.0% $35 / Sq Ft
05/19/2019 05/19/19 Pending -- -- --
01/07/2019 01/07/19 For Sale $105,000 +23.5% $43 / Sq Ft
01/01/2019 01/01/19 Off Market $85,000 -- --
10/13/2018 10/13/18 Price Changed $105,000 -8.7% $43 / Sq Ft
05/31/2018 05/31/18 For Sale $115,000 -- $47 / 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 $2,141 $87,900 $9,400 $78,500
2023 $2,112 $88,000 $9,300 $78,700
2022 $2,155 $88,000 $9,300 $78,700
2021 $1,932 $78,700 $6,200 $72,500
2020 $1,932 $78,700 $6,200 $72,500
2019 $1,635 $79,600 $7,100 $72,500
2018 $1,717 $76,200 $4,600 $71,600
2017 $1,735 $75,300 $4,600 $70,700
2016 $1,755 $75,300 $4,600 $70,700
2014 $1,725 $74,800 $4,600 $70,200
Source: Public Records

Agents Affiliated with this Home

  • Kathy Lampert

    Seller's Agent in 2021

    Kathy Lampert

    Century 21 Circle

    (574) 532-9252

    1 in this area

    100 Total Sales

    Section Image
  • Drew Overmyer

    Buyer's Agent in 2021

    Drew Overmyer

    At Home Realty Group

    (574) 299-3184

    17 in this area

    568 Total Sales

    Section Image
  • Michael Worden

    Seller's Agent in 2019

    Michael Worden

    Howard Hanna SB Real Estate

    (574) 292-1513

    1 in this area

    203 Total Sales

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Map

Source: Indiana Regional MLS

MLS Number: 202103826

Indiana Regional MLS

APN: 71-08-03-454-001.000-026

Indiana St Joseph County South Bend 46628 Kennedy Park

338 N Olive St, South Bend, IN

This home is located at 338 N Olive St, South Bend, IN 46628 since 03 February 2021 and is currently estimated at $127,928, approximately $52 per square foot. This property was built in 1938. 338 N Olive St is a home located in St. Joseph County with nearby schools including Harrison Elementary School, Dickinson Fine Arts Academy, and Washington High School.

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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