NOT LISTED FOR SALE

412 E Jefferson St Goshen, IN 46528

East Lincoln Crossroads Neighborhood

Estimated Value: $192,000 - $225,000

8 Beds
4 Baths
3,762 Sq Ft
$56/Sq Ft Est. Value

Last Sold June 14, 2017

Last sale price $150,500 $40 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $1,434/month

9 Days on Market

Highlights

  • Eat-In Kitchen
  • Forced Air Heating System
  • Carpet
  • Laundry in Utility Room
  • Level Lot

About This Home

As of June 2017

4 units with a very good cash flow. Time to get in the rental business.

Last Agent to Sell the Property

Darryl Riegsecker

RE/MAX Results-Goshen Listed on: 04/26/2017

RE/MAX Results-Goshen

Last Buyer's Agent

Cliff Miller

Hallmark Excellence Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,464

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 72x81 35 x 99
  • Level Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,762 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Laundry in Utility Room

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Basement

  • Michigan Basement
  • Block Basement Construction

Parking

  • 6 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, heating, water
  • The owner pays for water
  • Assessor Parcel Number 20-11-10-351-001.000-015

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $913
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,464

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1900
  • Age: 117
  • Style: Multi-Story (3+)
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: MERCERS 72FT OFF W END 397; 72X33FT NW COR EX 27X53FT IN; SW PT 398
  • Parcel Number ID: 20-11-10-351-001.000-015
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen, Water Heater Gas
  • Legal Description2: MERCERS 35X66FT 397; 35X33FT 398
  • Location: City/Town/Suburb
  • Parcel Id2: 201110351002000015
  • Sp Lp Percent: 100.33
  • Monthly Gross Income: 2340
  • Special Features: None

Interior Features

  • Total Sq Ft: 3762
  • Total Finished Sq Ft: 3762
  • Above Grade Finished Sq Ft: 3762
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 6
  • Parking: Gravel, Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Cable Company: Comcast
  • Annual Insurance Expense: 913
  • Annual Water Sewer Expense: 1200
  • Number Electric Meters: 5
  • Number Gas Meters: 4
  • Number Water Meters: 2

Schools

  • School District: Goshen Community Schools
  • Elementary School: Chandler
  • Middle School: Goshen
  • High School: Goshen

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 72x81 35 x 99
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Lease Term: Month to Month, 6 Months
  • Owner Pays: Water
  • Tenant Pays: Electric, Heating, Water

Multi Family

  • Gross Monthly Rent: 2340
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Number Of 4 Bedrooms: 1
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 2464

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2017
Closed on
Jun 14, 2017
Sold by
M And H Rentals Llc
Bought by
The Selah Group Llc
Seller's Agent
Darryl Riegsecker
RE/MAX Results-Goshen
Buyer's Agent
Cliff Miller
Hallmark Excellence Realty
List Price
$150,000
Sold Price
$150,500
Premium/Discount to List
$500
0.33%
Current Estimated Value
$210,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,187
Avg. Annual Appreciation
2.53%
Original Mortgage
$112,875
Outstanding Balance
$95,447
Interest Rate
4.02%
Mortgage Type
Commercial
Estimated Equity
$89,657

Purchase Details

Closed on
Jun 3, 2004
Sold by
Schmucker Michael H and Schmucker Harold N
Bought by
M & H Rentals Llc

Purchase Details

Closed on
Feb 19, 2001
Sold by
Miller Douglas L
Bought by
Schmucker Michael H and Schmucker Harold N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,500
Interest Rate
9%

Purchase Details

Closed on
Feb 16, 2001
Sold by
Riegsecker Rental & Investments Llc
Bought by
Schmucker Michael H and Schmucker Harold N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,500
Interest Rate
9%
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
The Selah Group Llc -- None Available
M & H Rentals Llc -- --
Schmucker Michael H -- --
Schmucker Michael H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Selah Group Llc $112,875
Previous Owner Schmucker Michael H $61,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2017 06/14/17 Sold $150,500 +0.3% $40 / Sq Ft
05/05/2017 05/05/17 Pending -- -- --
04/26/2017 04/26/17 For Sale $150,000 -- $40 / 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 $3,854 $187,400 $17,100 $170,300
2022 $2,607 $154,300 $17,100 $137,200
2021 $2,331 $97,200 $0 $97,200
2020 $2,622 $97,200 $0 $97,200
2019 $2,422 $97,600 $15,100 $82,500
2018 $2,291 $97,400 $15,100 $82,300
2017 $1,133 $55,000 $15,100 $39,900
2016 $1,167 $55,000 $15,100 $39,900
2014 $1,131 $54,900 $15,100 $39,800
2013 $1,098 $54,900 $15,100 $39,800
Source: Public Records

Agents Affiliated with this Home

  • Darryl Riegsecker

    Seller's Agent in 2017

    Darryl Riegsecker

    RE/MAX

    (574) 534-1010

    2 in this area

    77 Total Sales

    Darryl Riegsecker
    Section Image

  • C

    Buyer's Agent in 2017

    Cliff Miller

    Hallmark Excellence Realty

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201717991

Indiana Regional MLS

APN: 20-11-10-351-001.000-015

Indiana Elkhart County Goshen 46526 East Lincoln Crossroads

412 E Jefferson St, Goshen, IN

This home is located at 412 E Jefferson St, Goshen, IN 46528 since 26 April 2017 and is currently estimated at $210,687, approximately $56 per square foot. This property was built in 1900. 412 E Jefferson St is a home located in Elkhart County with nearby schools including Goshen Jr. High School, Goshen High School, and St. John the Evangelist Catholic 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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