NOT LISTED FOR SALE

409 N Dixie Way South Bend, IN 46637

Estimated Value: $243,780

6 Beds
9 Baths
8,640 Sq Ft
$28/Sq Ft Est. Value

Last Sold April 02, 2021

Last sale price $182,000 $21 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,530/month

2 Days on Market

Highlights

  • Wood Flooring
  • Hot Water Heating System
  • Level Lot

About This Home

As of April 2021

Located on the north edge of Notre Dame and St Mary's campus near toll road entrance. Owner has used main floor as meeting / clubhouse with table tennis and golf recreation room. Upstairs includes 6 apartments occupied at $550 x 4 & $475 x2. The 3 main floor commercial spaces may be rented as well if you don't need your own clubhouse. parking lot behind building. separate electric meters.

Last Listed By

Daniel O'Day

RICO Properties Listed on: 01/18/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,862

Year Built

  • Built in 1946

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 70 x 170
  • Level Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 8,640 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 9 Full Bathrooms

Parking

  • 30 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for fuel
  • Assessor Parcel Number 71-03-25-102-014.000-007

Community Details

Overview

  • 9 Units

Building Details

  • Fuel Expense $3,840
  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Trash Expense $400
  • Water Sewer Expense $2,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,862

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1946
  • Age: 75
  • Style: Two Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 9
  • Total Full Bathrooms: 9
  • Legal Description: lot 1ex10ft off wend beckley&shafer add
  • Parcel Number ID: 71-03-25-102-014.000-007
  • Platted: Yes
  • Amenities: Off Street Parking
  • Location: City/Town/Suburb, Near College Campus
  • Sp Lp Percent: 100
  • Monthly Gross Income: 3150
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 8640
  • Total Finished Sq Ft: 8640
  • Above Grade Finished Sq Ft: 8640
  • Price Per Sq Ft: 21.06
  • Flooring: Mixed, Part Carpet, Wood
  • Number Of Ranges Ovens: 6

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 30
  • Parking: Off Street

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Gas, Hot Water
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 3840
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 1000
  • Annual Trash Expense: 400
  • Annual Water Sewer Expense: 2640

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Tarkington
  • Middle School: Clay
  • High School: Clay

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 70 x 170
  • Estimated Lot Sq Ft: 13613
  • Estimated Lot Size Acres: 0.3125
  • Lot Number: 1

Rental Info

  • Owner Pays: Fuel
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 3150
  • Number Of Refrigerators: 7
  • Number Of Units: 9
  • Num Of1 Bedrooms: 4
  • Num Of Efficiencies: 2
  • Num Of Units Rented: 6

Tax Info

  • Annual Property Tax: 3862

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2021
Closed on
Apr 2, 2021
Sold by
Bao Wentao and Zhang Guangwen
Bought by
Davey Homes Llc
Seller's Agent
Daniel O'Day
RICO Properties
Buyer's Agent
Daniel O'Day
RICO Properties
List Price
$182,000
Sold Price
$182,000
Total Days on Market
2
Current Estimated Value
$243,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,780
Avg. Annual Appreciation
7.72%
Original Mortgage
$163,800
Outstanding Balance
$105,418
Interest Rate
3%
Mortgage Type
Seller Take Back
Estimated Equity
$141,075

Purchase Details

Listed on
Jan 18, 2021
Closed on
Feb 18, 2021
Sold by
Yivi Chen and Yi Rong
Bought by
Rong Zhicheng
Seller's Agent
Daniel O'Day
RICO Properties
Buyer's Agent
Daniel O'Day
RICO Properties
List Price
$182,000
Sold Price
$182,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,800
Outstanding Balance
$105,418
Interest Rate
3%
Mortgage Type
Seller Take Back
Estimated Equity
$141,075

Purchase Details

Closed on
May 19, 2017

Purchase Details

Closed on
Apr 29, 2017
Sold by
West Willow Properties Llc
Bought by
Bao Wentao and Chen Yiyi

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
Davey Homes Llc $182,000 None Available
Rong Zhicheng -- None Available
Rong Zhicheng -- None Available
-- -- --
Bao Wentao -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davey Homes Llc $163,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2021 04/02/21 Sold $182,000 0.0% $21 / Sq Ft
01/20/2021 01/20/21 Pending -- -- --
01/18/2021 01/18/21 For Sale $182,000 -- $21 / 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 $2,067 $148,600 $41,300 $107,300
2023 $4,158 $148,600 $41,300 $107,300
2022 $4,158 $148,600 $41,300 $107,300
2021 $4,380 $140,100 $41,300 $98,800
2020 $4,442 $140,100 $41,300 $98,800
2019 $3,887 $140,100 $41,300 $98,800
2018 $3,939 $140,100 $41,300 $98,800
2017 $4,037 $138,100 $41,300 $96,800
2016 $4,188 $138,200 $41,300 $96,900
2014 $4,177 $135,400 $41,300 $94,100
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Daniel O'Day

    RICO Properties

    (574) 850-7006

    16 Total Sales

    Daniel O'Day
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Map

Source: Indiana Regional MLS

MLS Number: 202101708

Indiana Regional MLS

APN: 71-03-25-102-014.000-007

Indiana St Joseph County South Bend 46637

409 N Dixie Way, South Bend, IN

Homes for Sale in South Bend, IN

This home is located at 409 N Dixie Way, South Bend, IN 46637 since 18 January 2021 and is currently estimated at $243,780, approximately $28 per square foot. This property was built in 1946. 409 N Dixie Way is a home located in St. Joseph County with nearby schools including Darden Elementary School, Edison Middle School, and Clay 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.