NOT LISTED FOR SALE

416 W Lexington Ave Elkhart, IN 46516

Sherman Neighborhood

Estimated Value: $153,000 - $181,000

5 Beds
7 Baths
2,614 Sq Ft
$64/Sq Ft Est. Value

Last Sold October 25, 2018

Last sale price $78,000 $30 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $1,069/month

5 Days on Market

Highlights

  • 0.25 Acre Lot
  • Level Lot
  • 3-minute walk to Geroldean Thursby Memorial Tot Lot
  • Forced Air Heating System

About This Home

As of October 2018

This multi-unit building is sold together with the property to the west. That address is 420 W Lexington which is a duplex. Parking is in the rear behind the buildings.

Last Agent to Sell the Property

Micki Olson

Realty Group Resources Listed on: 09/05/2018

Realty Group Resources

Last Buyer's Agent

Micki Olson

Realty Group Resources Listed on: 09/05/2018

Realty Group Resources

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 10,738 Sq Ft Lot
  • Level Lot

Home Design

  • Shingle Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Full Bathrooms

Parking

  • 7 Parking Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for heating, lawn maintenance, sewer, water
  • Assessor Parcel Number 20-06-05-334-021.000-012

Community Details

Overview

  • 2 Buildings
  • 7 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $1,204
  • Fuel Expense $2,000
  • Insurance Expense $2,050
  • Maintenance Expense $600
  • Water Sewer Expense $740

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1900
  • Age: 118
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 7
  • Total Full Bathrooms: 7
  • Legal Description: 416 W Lexington: Beards 2nd S&W 43Ft 4IN E Side;Lot 146 | 420 W Lex: Beardsleys 2nd S&W 22Ft; x 28 1/2 x 18 1/2 x 26 1/2: Lot 146 W1/2 Ex 2Ft E Side Lot 146
  • Parcel Number ID: 20-06-05-334-021.000-012
  • Platted: Yes
  • Amenities: Off Street Parking
  • Cross Street: Vistula
  • Parcel Id2: 200605334020000012
  • Sp Lp Percent: 100
  • Annual Miscellaneous: 200
  • Monthly Gross Income: 1950
  • Special Features: None

Interior Features

  • Total Sq Ft: 3814
  • Total Finished Sq Ft: 2614
  • Above Grade Finished Sq Ft: 2614
  • Below Grade Sq Ft: 1200
  • Price Per Sq Ft: 29.84
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 1200
  • Number Of Ranges Ovens: 5
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Shingle, Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 7

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1204
  • Annual Fuel Expense: 2000
  • Annual Insurance Expense: 2050
  • Annual Maintenance Expense: 600
  • Annual Water Sewer Expense: 740

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Mary Daly
  • Middle School: West Side
  • High School: Elkhart Memorial

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 43x130, 39x132
  • Estimated Lot Sq Ft: 10738
  • Estimated Lot Size Acres: 0.2465

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Heating, Lawn Maintenance, Sewer, Water
  • Tenant Pays: Electric, Heating

Multi Family

  • Gross Monthly Rent: 1950
  • Number Of Refrigerators: 5
  • Number Of Units: 7
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 2
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 2360

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2022
Sold by
Srmb Llc
Bought by
Hernandez Omar Rodriguez and Garrido Fabiola Garcia
Current Estimated Value
$166,000

Purchase Details

Closed on
Aug 26, 2021
Sold by
Srmb Llc
Bought by
Hernandez Omar Rodriguez and Garrido Fabiola Garcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
2.8%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Listed on
Sep 5, 2018
Closed on
Oct 25, 2018
Sold by
Gmagigi Llc
Bought by
Srmb Llc
Seller's Agent
Micki Olson
Realty Group Resources
Buyer's Agent
Micki Olson
Realty Group Resources
List Price
$78,000
Sold Price
$78,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%

Purchase Details

Closed on
Nov 11, 2013
Sold by
Waldman Cheryl G
Bought by
Gmagigi Llc

Purchase Details

Closed on
Oct 21, 2004
Sold by
Waldman Raymond D and Waldman Cheryl G
Bought by
Cheryl G Waldman Trust Revocable Trust
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
Hernandez Omar Rodriguez -- Fidelity National Title
Hernandez Omar Rodriguez $67,000 Fidelity National Ttl Co Llc
Srmb Llc $67,000 Fidelity National Ttl Co Llc
Srmb Llc -- Fidelity Natl Title Co Llc
Gmagigi Llc -- None Available
Cheryl G Waldman Trust Revocable Trust -- Century Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Hernandez Omar $425,000
Previous Owner Hernandez Omar Rodriguez $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2018 10/25/18 Sold $78,000 0.0% $30 / Sq Ft
09/10/2018 09/10/18 Pending -- -- --
09/05/2018 09/05/18 For Sale $78,000 -- $30 / 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 $5,783 $142,400 $12,500 $129,900
2022 $2,730 $136,200 $12,500 $123,700
2021 $2,938 $143,400 $12,500 $130,900
2020 $2,783 $127,500 $12,500 $115,000
2019 $2,492 $114,500 $12,500 $102,000
2018 $2,509 $115,200 $12,500 $102,700
2017 $2,345 $107,400 $12,500 $94,900
2016 $2,180 $104,300 $12,500 $91,800
2014 $2,097 $97,800 $12,500 $85,300
2013 $2,248 $111,700 $12,500 $99,200
Source: Public Records

Agents Affiliated with this Home

  • Micki Olson

    Seller's Agent in 2018

    Micki Olson

    Realty Group Resources

    (574) 596-0402

    2 in this area

    153 Total Sales

    Micki Olson
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Map

Source: Indiana Regional MLS

MLS Number: 201840730

Indiana Regional MLS

APN: 20-06-05-334-021.000-012

Indiana Elkhart County Elkhart 46516 Sherman

416 W Lexington Ave, Elkhart, IN

This home is located at 416 W Lexington Ave, Elkhart, IN 46516 since 05 September 2018 and is currently estimated at $166,000, approximately $63 per square foot. This property was built in 1900. 416 W Lexington Ave 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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