NOT LISTED FOR SALE

415 N 2nd St Elkhart, IN 46516

Sherman Neighborhood

Estimated Value: $137,000 - $169,000

5 Beds
4 Baths
2,182 Sq Ft
$71/Sq Ft Est. Value

Last Sold July 28, 2017

Last sale price $21,600 $10 Per Sq Ft

Est. 621% increase in value since last sale

Current estimated payment $1,120/month

34 Days on Market

Highlights

  • Forced Air Heating System
  • Carpet
  • 3-minute walk to Island Park
  • Level Lot

About This Home

As of July 2017

Good rental history on this 4 unit. Currently rented for $1800 per month ($21,600/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 Listed By

Dan Brouillette

Pheasant Ridge Realty Listed on: 06/01/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 6,765 Sq Ft Lot
  • Lot Dimensions are 41 x 165
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Vinyl Construction Material

Interior Spaces

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

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for heating, water
  • Assessor Parcel Number 20-06-05-179-018.000-012

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $3,400
  • Insurance Expense $400
  • Water Sewer Expense $900

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1908
  • Age: 109
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: BEARDS 1ST N 1/2 LOT 107
  • Parcel Number ID: 20-06-05-179-018.000-012
  • Platted: Yes
  • Amenities: Detector-Smoke
  • Sp Lp Percent: 86.75
  • Monthly Gross Income: 1800
  • Special Features: None

Interior Features

  • Total Sq Ft: 3326
  • Total Finished Sq Ft: 2182
  • Above Grade Finished Sq Ft: 2182
  • Below Grade Sq Ft: 1144
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 1144
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 3400
  • Annual Insurance Expense: 400
  • 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: 41 x 165
  • Estimated Lot Sq Ft: 6765
  • Estimated Lot Size Acres: 0.1553
  • Lot Number: 107

Rental Info

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

Tax Info

  • Total Assessed Value: 47100
  • Annual Property Tax: 1020

Multi Family

  • Gross Monthly Rent: 1800
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2017
Closed on
Aug 4, 2017
Sold by
Schirr Joshua
Bought by
S I P Llc
Seller's Agent
Dan Brouillette
Pheasant Ridge Realty
Buyer's Agent
Joshua Schirr
McKinnies Realty, LLC Elkhart
List Price
$39,900
Sold Price
$21,600
Premium/Discount to List
-$18,300
-45.86%
Total Days on Market
34
Current Estimated Value
$155,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,113
Avg. Annual Appreciation
28.52%

Purchase Details

Listed on
Jun 1, 2017
Closed on
Jul 28, 2017
Sold by
Unique Management Llc
Bought by
Schirr Joshua
Seller's Agent
Dan Brouillette
Pheasant Ridge Realty
Buyer's Agent
Joshua Schirr
McKinnies Realty, LLC Elkhart
List Price
$39,900
Sold Price
$21,600
Premium/Discount to List
-$18,300
-45.86%

Purchase Details

Closed on
Jul 23, 2012
Sold by
Unique Investment Group Llc
Bought by
Unique Management Llc

Purchase Details

Closed on
Oct 13, 2011
Sold by
The William M Eaton Revocable Living Tru
Bought by
Unique Inv Gp Llc

Purchase Details

Closed on
Sep 10, 2007
Sold by
Eaton William Mckinley
Bought by
Eaton William M and William M Eaton Revocable Living Trust

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
S I P Llc -- Fidelity Natl Title Co Llc
Schirr Joshua -- Fidelity National Title Co L
Unique Management Llc -- None Available
Unique Inv Gp Llc -- Meridian Title Corp
Eaton William M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Unique Management Llc $27,800
Previous Owner Eaton William Mckinley $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2017 07/28/17 Sold $21,600 -45.9% $10 / Sq Ft
07/05/2017 07/05/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $39,900 -- $18 / 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 $3,085 $111,900 $13,200 $98,700
2022 $2,155 $82,700 $4,300 $78,400
2021 $1,509 $73,700 $13,200 $60,500
2020 $1,606 $73,700 $13,200 $60,500
2019 $1,170 $85,600 $13,200 $72,400
2018 $1,035 $47,100 $4,300 $42,800
2017 $1,037 $47,100 $4,300 $42,800
2016 $1,035 $47,100 $4,300 $42,800
2014 $1,004 $47,100 $4,300 $42,800
2013 $1,198 $59,900 $13,200 $46,700
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Dan Brouillette

    Pheasant Ridge Realty

  • Joshua Schirr

    Buyer's Agent in 2017

    Joshua Schirr

    McKinnies Realty, LLC Elkhart

    (574) 534-4415

    102 Total Sales

    Joshua Schirr
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201724359

Indiana Regional MLS

APN: 20-06-05-179-018.000-012

Indiana Elkhart County Elkhart 46516 Sherman

415 N 2nd St, Elkhart, IN

Homes for Sale in Elkhart, IN

This home is located at 415 N 2nd St, Elkhart, IN 46516 since 01 June 2017 and is currently estimated at $155,713, approximately $71 per square foot. This property was built in 1908. 415 N 2nd St is a home located in Elkhart County with nearby schools including Beardsley Elementary School, North Side 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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