NOT LISTED FOR SALE

401 W Marion St Elkhart, IN 46516

West Central Neighborhood

Estimated Value: $78,000 - $124,353

4 Beds
1 Bath
944 Sq Ft
$109/Sq Ft Est. Value

Last Sold August 27, 2018

Last sale price $48,000 $51 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $759/month

About This Home

As of August 2018

Pending at print. Property needs some work and priced accordingly.

Last Agent to Sell the Property

Joshua Schirr

McKinnies Realty, LLC Elkhart Listed on: 07/01/2018

McKinnies Realty, LLC Elkhart

Last Buyer's Agent

Joshua Schirr

McKinnies Realty, LLC Elkhart Listed on: 07/01/2018

McKinnies Realty, LLC Elkhart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $998

Year Built

  • Built in 1912

Lot Details

  • 3,402 Sq Ft Lot
  • Lot Dimensions are 41x83

Parking

  • 1 Parking Space

Home Design

  • Quadruplex

Interior Spaces

  • 944 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Partially Carpeted
  • Laminate
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Schools

  • Hawthorne Elementary School
  • North Side Middle School
  • Elkhart Memorial High School

Utilities

  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for electric, heating, water
  • Assessor Parcel Number 20-06-05-390-004.000-012

Community Details

Overview

  • 4 Units
  • Concord Valley Subdivision

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Electric Expense $2,175
  • Fuel Expense $2,000
  • Insurance Expense $1,000
  • Maintenance Expense $811
  • Water Sewer Expense $667

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$998

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1912
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Beardsleys 2ND S & W Ne; Lot 243 |
  • Parcel Number ID: 20-06-05-390-004.000-012
  • Platted: Yes
  • Amenities: Cable Ready
  • Special Features: None

Interior Features

  • Total Sq Ft: 944
  • Total Finished Sq Ft: 944
  • Above Grade Finished Sq Ft: 944
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Laminate, Part Carpet, Vinyl Tile
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 1

Utilities

  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 2175
  • Annual Fuel Expense: 2000
  • Annual Insurance Expense: 1000
  • Annual Maintenance Expense: 811
  • Annual Water Sewer Expense: 667

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Hawthorne

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 41x83
  • Estimated Lot Sq Ft: 3402
  • Estimated Lot Size Acres: 0.0781
  • Lot Number: 243

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Heating, Water
  • Tenant Pays: Cable

Tax Info

  • Annual Property Tax: 998

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of Efficiencies: 1

MLS Schools

  • High School: Elkhart Memorial
  • Middle School: North Side
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2018
Closed on
Sep 20, 2018
Sold by
Barna Richard I
Bought by
Freedom River Three Llc
Seller's Agent
Joshua Schirr
McKinnies Realty, LLC Elkhart
Buyer's Agent
Joshua Schirr
McKinnies Realty, LLC Elkhart
List Price
$40,000
Sold Price
$48,000
Premium/Discount to List
$8,000
20%
Current Estimated Value
$102,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,451
Avg. Annual Appreciation
10.96%
Original Mortgage
$139,000
Outstanding Balance
$120,979
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
-$18,528

Purchase Details

Listed on
Jul 1, 2018
Closed on
Sep 18, 2018
Sold by
401 Investment Llc
Bought by
Barna Richard I
Seller's Agent
Joshua Schirr
McKinnies Realty, LLC Elkhart
Buyer's Agent
Joshua Schirr
McKinnies Realty, LLC Elkhart
List Price
$40,000
Sold Price
$48,000
Premium/Discount to List
$8,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Outstanding Balance
$120,979
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
-$18,528

Purchase Details

Closed on
May 30, 2017
Sold by
401 W Marion Land Trust
Bought by
401 Investment Llc

Purchase Details

Closed on
Oct 6, 2015
Sold by
Northern Investments Llc
Bought by
401 W Marion Land Trust

Purchase Details

Closed on
May 29, 2008
Sold by
English One Llc
Bought by
Northern Investments Llc

Purchase Details

Closed on
Dec 31, 2007
Sold by
Gil English Lp
Bought by
English One Llc

Purchase Details

Closed on
Dec 28, 2007
Sold by
English Gil
Bought by
English One Llc

Purchase Details

Closed on
Mar 18, 2003
Sold by
Wright Pamela J and Schweinzger William L
Bought by
Gil English Lp
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
Freedom River Three Llc -- Fidelity National Title
Barna Richard I $184,870 Fidelity National Title
401 Investment Llc -- Fidelity Natl Title Co Llc
401 W Marion Land Trust -- None Available
Northern Investments Llc -- Metropolitan Title
English One Llc -- Lawyers Title
English One Llc -- Lawyers Title
English One Llc -- Lawyers Title
Gil English Lp $36,856 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barna Richard I $139,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2018 08/27/18 Sold $48,000 +20.0% $51 / Sq Ft
07/01/2018 07/01/18 Pending -- -- --
07/01/2018 07/01/18 For Sale $40,000 -- $42 / 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 $2,661 $63,700 $9,500 $54,200
2022 $1,234 $61,100 $9,500 $51,600
2021 $1,246 $60,700 $9,500 $51,200
2020 $1,190 $54,400 $9,500 $44,900
2019 $1,075 $49,300 $9,500 $39,800
2018 $1,087 $49,500 $9,500 $40,000
2017 $1,013 $46,000 $9,500 $36,500
2016 $1,002 $45,600 $9,500 $36,100
2014 $912 $42,800 $9,500 $33,300
2013 $964 $48,200 $9,500 $38,700
Source: Public Records

Agents Affiliated with this Home

  • Joshua Schirr

    Seller's Agent in 2018

    Joshua Schirr

    McKinnies Realty, LLC Elkhart

    (574) 606-7771

    1 in this area

    91 Total Sales

    Joshua Schirr
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Map

Source: Indiana Regional MLS

MLS Number: 201829342

Indiana Regional MLS

APN: 20-06-05-390-004.000-012

Indiana Elkhart County Elkhart 46516 West Central

401 W Marion St, Elkhart, IN

Not Listed for Sale

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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