NOT LISTED FOR SALE

416 State St Elkhart, IN 46516

Estimated Value: $106,212 - $132,000

2 Beds
1 Bath
1,384 Sq Ft
$84/Sq Ft Est. Value

Last Sold May 18, 2017

Last sale price $36,000 $26 Per Sq Ft

Est. 214% increase in value since last sale

Current estimated payment $647/month

300 Days on Market

Highlights

  • Wooded Lot
  • Landscaped
  • Level Lot
  • Covered Patio or Porch
  • Forced Air Heating System
  • 2-minute walk to Ludgwig Corner

About This Home

As of May 2017

Cute, well-kept 2 BR 1 Ba house on double sized lot, great front porch, newly painted exterior, and newer windows on an eclectic brick road. Currently a rental with happy tenants under extended lease. Home is equipped for central air. Great cash flow for investors, very affordable for first-time buyer.

Last Agent to Sell the Property

Sam Shultz

Hallmark Excellence Realty Listed on: 07/09/2016

Last Buyer's Agent

Sam Shultz

Hallmark Excellence Realty Listed on: 07/09/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $583

Year Built

  • Built in 1900

Lot Details

  • 3,433 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Landscaped
  • Level Lot
  • Wooded Lot

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Michigan Basement
  • Block Basement Construction
  • Crawl Space

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Schools

  • Riverview Elementary School
  • Pierre Moran Middle School
  • Elkhart Central High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, fuel, lawn maintenance, snow removal, sewer, trash collection, water
  • The owner pays for maintenance
  • Assessor Parcel Number 20-06-04-354-014.000-012

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • Maintenance Expense $338

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$583

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1900
  • Age: 117
  • Style: Two Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: BEESONS 1ST 26FT E SIDE LOT 28; BEESONS 40FT W SIDE LOT 28 |
  • Parcel Number ID: 20-06-04-354-014.000-012
  • Platted: Yes
  • Amenities: Basement, Landscaped, Porch Covered, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 90.45
  • Annual Miscellaneous: 648
  • Monthly Gross Income: 675
  • Year Taxes Payable: 2015
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1704
  • Total Finished Sq Ft: 1384
  • Above Grade Finished Sq Ft: 1384
  • Below Grade Sq Ft: 320
  • Price Per Sq Ft: 26.01
  • Basement: Yes
  • Basement Foundation: Crawl, Michigan Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 320
  • Number Of Ranges Ovens: 1
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Wood
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Off Street, Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Maintenance Expense: 338
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Riverview
  • Middle School: Pierre Moran
  • High School: Elkhart Central
  • Elementary School: Riverview

Lot Info

  • Lot Description: Level, 0-2.9999, Wooded
  • Lot Dimensions: 66x132
  • Estimated Lot Sq Ft: 3433
  • Estimated Lot Size Acres: 0.0788
  • Lot Number: 28

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Maintenance
  • Tenant Pays: Electric, Fuel, Lawn Maintenance, Snow Removal, Sewer, Trash Collection, Water

Tax Info

  • Total Assessed Value: 18000
  • Annual Property Tax: 583

Multi Family

  • Gross Monthly Rent: 675
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 1

MLS Schools

  • High School: Elkhart Central
  • Middle School: Pierre Moran
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2016
Closed on
May 18, 2017
Sold by
Martin Jeffery
Bought by
Carter Yolanda and Hutch Albert
Seller's Agent
Sam Shultz
Hallmark Excellence Realty
Buyer's Agent
Sam Shultz
Hallmark Excellence Realty
List Price
$39,800
Sold Price
$36,000
Premium/Discount to List
-$3,800
-9.55%
Current Estimated Value
$112,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,962

Purchase Details

Closed on
Feb 24, 2011
Sold by
Troyer Marvin and Nice Angela
Bought by
Martin Jeffery

Purchase Details

Closed on
Sep 29, 2008
Sold by
Capstone Realty Inc
Bought by
Troyer Marvin

Purchase Details

Closed on
Sep 10, 2008
Sold by
National City Bank
Bought by
Capstone Realty Inc
Source: Public Records

Range of Values:

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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
Carter Yolanda $36,000 None Available
Martin Jeffery -- Stewart Title
Troyer Marvin -- Stewart Title
Capstone Realty Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Carter Yolanda $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2017 05/18/17 Sold $36,000 -9.5% $26 / Sq Ft
05/05/2017 05/05/17 Pending -- -- --
07/09/2016 07/09/16 For Sale $39,800 -- $29 / 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 $333 $44,600 $7,100 $37,500
2022 $333 $30,600 $7,100 $23,500
2021 $635 $30,600 $7,100 $23,500
2020 $671 $30,600 $7,100 $23,500
2019 $615 $28,100 $2,300 $25,800
2018 $208 $34,100 $7,100 $27,000
2017 $276 $28,800 $2,300 $26,500
2016 $583 $28,800 $2,300 $26,500
2014 $384 $18,000 $2,300 $15,700
2013 $462 $23,100 $7,400 $15,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201634315

Indiana Regional MLS

APN: 20-06-04-354-014.000-012