$67,150
SOLD MAY 29, 2025

416 Sherman St Elkhart, IN 46516

Sherman Neighborhood
2 Beds
1 Bath
1,012 Sq Ft
4,312 Sq Ft Lot

Recently Sold

$66 Per Sq Ft

31% Below List Price

41 Days on Market

Highlights

  • 1 Car Detached Garage
  • Forced Air Heating System
  • 2-minute walk to Langle Park
  • 1-Story Property
  • Level Lot

About This Home

As of May 2025

INVESTOR ALERT-2 Bedroom 1 bath Home located near downtown. Home is currently rented on a month to month lease. Home is sold As-IS Home can be purchased with several other properties.

Last Agent to Sell the Property

Dianna Morningstar

McKinnies Realty, LLC Elkhart Brokerage Phone: 574-238-1343 Listed on: 03/12/2025

McKinnies Realty, LLC Elkhart

Last Buyer's Agent

Cynthia Acosta

Century 21 Circle

Century 21 Circle

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,063

Year Built

  • Built in 1900

Lot Details

  • 4,312 Sq Ft Lot
  • Lot Dimensions are 50x86
  • Level Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1,012 Sq Ft Home
  • 1-Story Property
  • Michigan Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Beardsley Elementary School
  • North Side Middle School
  • Elkhart High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 20-06-05-326-015.000-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,063

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1900
  • Style: One Story
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: DUNB SE1/4 & 1FT E SID SW LOT 16 & W1/2 VAC ALLEY ADJ E
  • Parcel Number ID: 20-06-05-326-015.000-012
  • Platted: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1012
  • Total Finished Sq Ft: 1012
  • Above Grade Finished Sq Ft: 1012
  • Basement Foundation: Michigan Basement
  • Bedroom 1: Dimensions: 12x11, On Level: Main
  • Bedroom 2: Dimensions: 11x10, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 20x18
  • Garage: Yes

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City

Schools

  • Elementary School: Beardsley

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50X86
  • Estimated Lot Sq Ft: 4312
  • Estimated Lot Size Acres: 0.1
  • Lot Number: 16

Tax Info

  • Annual Taxes: 1062.62

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2025
Closed on
May 29, 2025
Sold by
Bell Virginia R and Rushing Virginia R
Bought by
Fc Properties Llc
Seller's Agent
Dianna Morningstar
McKinnies Realty, LLC Elkhart
Buyer's Agent
Cynthia Acosta
Century 21 Circle
List Price
$97,900
Sold Price
$67,150
Premium/Discount to List
-$30,750
-31.41%
Views
99
Current Estimated Value
$83,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,967
Avg. Annual Appreciation
49.55%
Original Mortgage
$360,000
Outstanding Balance
$356,424
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$273,307
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed -- Fidelity National Title Compan
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2025 05/29/25 Sold $67,150 -30.0% $66 / Sq Ft
04/22/2025 04/22/25 Pending -- -- --
04/12/2025 04/12/25 Price Changed $95,900 -2.0% $95 / Sq Ft
03/12/2025 03/12/25 For Sale $97,900 -- $97 / 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 $1,063 $54,200 $11,900 $42,300
2022 $1,063 $39,400 $11,900 $27,500
2021 $818 $39,400 $11,900 $27,500
2020 $870 $39,400 $11,900 $27,500
2019 $725 $30,700 $3,700 $27,000
2018 $1,032 $44,600 $11,900 $32,700
2017 $822 $37,200 $11,900 $25,300
2016 $803 $36,400 $11,900 $24,500
2014 $733 $34,400 $11,900 $22,500
2013 $762 $38,100 $11,900 $26,200
Source: Public Records

Agents Affiliated with this Home

  • Dianna Morningstar

    Seller's Agent in 2025

    Dianna Morningstar

    McKinnies Realty, LLC Elkhart

    (574) 238-1343

    3 in this area

    80 Total Sales

    Dianna Morningstar
    Section Image
  • Cynthia Acosta

    Buyer's Agent in 2025

    Cynthia Acosta

    Century 21 Circle

    (574) 575-9348

    6 in this area

    223 Total Sales

    Cynthia Acosta
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202507780

Indiana Regional MLS

APN: 20-06-05-326-015.000-012

Indiana Elkhart County Elkhart 46516 Sherman

416 Sherman St, Elkhart, IN

Sold

Detached

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