NOT LISTED FOR SALE

420 W Lexington Ave Elkhart, IN 46516

Sherman Neighborhood

Estimated Value: $97,000 - $136,649

2 Beds
2 Baths
1,925 Sq Ft
$63/Sq Ft Est. Value

Last Sold November 18, 2022

Last sale price $85,000 $44 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $804/month

11 Days on Market

About This Home

As of November 2022

Investor Alert! Awesome opportunity to own a great income producing 2 unit property in Elkhart! 1 Bedroom/1 Bath per side. Property in area of development and revitalization, with dire need of housing. Roof only 2 years old. Renovations needed but this home could be a great owner occupant home on one side and an incoming producing property for the other side. Rent range is $900 - $1,100 per month. Great return and potential. Sold "As Is."

Last Agent to Sell the Property

Natashia Bontrager

McKinnies Realty, LLC Listed on: 10/31/2022

McKinnies Realty, LLC

Last Buyer's Agent

Natashia Bontrager

McKinnies Realty, LLC Listed on: 10/31/2022

McKinnies Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,982

Year Built

  • Built in 1912

Lot Details

  • 5,148 Sq Ft Lot
  • Lot Dimensions are 39 x 132

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Converted Dwelling
  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Block Basement Construction
  • Crawl Space

Schools

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

Additional Features

  • Suburban Location
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for building insurance, electric, heating, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 20-06-05-334-020.000-012

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $1,200
  • Insurance Expense $1,572
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,982

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1912
  • Age: 110
  • Style: One and Half Story
  • Architectural Style: Converted House
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: SECOND SOUTH & WESTERN 22FT X28 1/2X18 1/2X26 1/2FT LOT 146 W1/2 EX 2FT E SIDE LOT 146
  • Parcel Number ID: 20-06-05-334-020.000-012
  • Platted: Yes
  • Amenities: Basement
  • Cross Street: W Jackson Street
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Paved
  • Sp Lp Percent: 94.44
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 3202
  • Total Finished Sq Ft: 1925
  • Above Grade Finished Sq Ft: 1925
  • Below Grade Sq Ft: 1277
  • Price Per Sq Ft: 44.16
  • Basement: Yes
  • Basement Foundation: Crawl, Unfinished
  • Basement Material: Block
  • Flooring: Laminate
  • Total Below Grade Sq Ft: 1277
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick, Vinyl
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Conventional, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Annual Electric: 1200
  • Annual Fuel Expense: 1200
  • Annual Insurance Expense: 1572
  • Annual Water Sewer Expense: 1200
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 39 x 132
  • Estimated Lot Sq Ft: 5148
  • Estimated Lot Size Acres: 0.1181

Rental Info

  • Owner Pays: Building Insurance, Electric, Heating, Maintenance, Sewer, Tax, Trash Collection, Water

Tax Info

  • Annual Property Tax: 1981.96

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 2013
Sold by
Waldman Cheryl G
Bought by
Gmagigi Llc
Current Estimated Value
$120,912

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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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
Gmagigi Llc -- None Available
Cheryl G Waldman Trust Revocable Trust -- Century Title Services
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2022 11/18/22 Sold $85,000 -5.6% $44 / Sq Ft
11/11/2022 11/11/22 Pending -- -- --
11/08/2022 11/08/22 Price Changed $90,000 -10.0% $47 / Sq Ft
10/31/2022 10/31/22 For Sale $100,000 -- $52 / 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 $1,961 $101,900 $11,500 $90,400
2022 $1,961 $97,600 $11,500 $86,100
2021 $1,982 $96,900 $11,500 $85,400
2020 $1,883 $86,400 $11,500 $74,900
2019 $1,692 $77,900 $11,500 $66,400
2018 $1,717 $78,500 $11,500 $67,000
2017 $1,597 $72,900 $11,500 $61,400
2016 $1,498 $68,500 $11,500 $57,000
2014 $1,369 $64,200 $11,500 $52,700
2013 $1,456 $72,800 $11,500 $61,300
Source: Public Records

Agents Affiliated with this Home

  • Natashia Bontrager

    Seller's Agent in 2022

    Natashia Bontrager

    McKinnies Realty, LLC

    (574) 202-2752

    1 in this area

    142 Total Sales

    Natashia Bontrager
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Map

Source: Indiana Regional MLS

MLS Number: 202244989

Indiana Regional MLS

APN: 20-06-05-334-020.000-012

Indiana Elkhart County Elkhart 46516 Sherman

420 W Lexington Ave, Elkhart, IN

This home is located at 420 W Lexington Ave, Elkhart, IN 46516 since 31 October 2022 and is currently estimated at $120,912, approximately $62 per square foot. This property was built in 1912. 420 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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