NOT LISTED FOR SALE

422 N Michigan St Elkhart, IN 46514

Riverside Neighborhood

Estimated Value: $135,000 - $198,000

3 Beds
3 Baths
1,840 Sq Ft
$88/Sq Ft Est. Value

Last Sold June 02, 2015

Last sale price $35,000 $19 Per Sq Ft

Est. 365% increase in value since last sale

Current estimated payment $999/month

7 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • 2-minute walk to Weston Park

About This Home

As of June 2015

Investment property.

Last Agent to Sell the Property

Heather Deal

Century 21 Bradley Realty Inc. Listed on: 05/19/2015

Century 21 Bradley Realty Inc.

Co-Listed By

Eric Hamman

Century 21 Bradley Realty Inc.

Last Buyer's Agent

Heather Deal

Century 21 Bradley Realty Inc. Listed on: 05/19/2015

Century 21 Bradley Realty Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 6,469

Parking

  • 3 Parking Spaces

Home Design

  • Triplex

Interior Spaces

  • 1,840 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Schools

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

Additional Features

  • Covered Patio or Porch
  • 6,469 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for cable, electric, heating
  • Assessor Parcel Number 20-06-06-295-001.000-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 115
  • Style: One and Half Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: IN E1/2 E1/2 NE 97 1/2X66FT SE COR CEDAR & MICH ST EX 20FT SEC 6.18A |
  • Parcel Number ID: 20-06-06-295-001.000-012
  • Platted: Yes
  • Amenities: Basement, Porch Covered
  • Grid: 30 - S.W. Kosc.
  • Sp Lp Percent: 100
  • Monthly Gross Income: 2166
  • Year Taxes Payable: 2015
  • Special Features: None

Interior Features

  • Total Sq Ft: 1840
  • Total Finished Sq Ft: 1840
  • Above Grade Finished Sq Ft: 1840
  • Price Per Sq Ft: 19.02
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Number Of Disposals: 3
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Aluminum
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 3

Schools

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

Lot Info

  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 6469
  • Estimated Lot Size Acres: 0.1485

Rental Info

  • Tenant Pays: Cable, Electric, Heating

Multi Family

  • Gross Monthly Rent: 2166
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1

Tax Info

  • Annual Property Tax: 1566

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2015
Closed on
Jun 2, 2015
Sold by
Old School Holdings Llc
Bought by
Midwest Leasing Llc
Seller's Agent
Heather Deal
Century 21 Bradley Realty Inc.
Buyer's Agent
Heather Deal
Century 21 Bradley Realty Inc.
List Price
$35,000
Sold Price
$35,000
Current Estimated Value
$162,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,730
Avg. Annual Appreciation
15.85%

Purchase Details

Closed on
May 12, 2014
Sold by
Del Boca Vista Llc
Bought by
Old School Properties Llc

Purchase Details

Closed on
May 10, 2011
Sold by
Ecb Re Holdings Llc
Bought by
Del Boca Vista Llc

Purchase Details

Closed on
Oct 27, 2010
Sold by
Beane Thi Thi
Bought by
Ecb Re Holdings Llc

Purchase Details

Closed on
Jun 27, 2008
Sold by
Dean Jason A
Bought by
Beane Thi Thi

Purchase Details

Closed on
Jun 11, 2001
Sold by
Broyles W Scott
Bought by
Dean Jason A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
7.16%
Source: Public Records

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
Midwest Leasing Llc -- Trademark Title
Old School Properties Llc -- --
Del Boca Vista Llc -- Meridian Title Corp
Ecb Re Holdings Llc $17,000 None Available
Beane Thi Thi -- Metropolitan Title
Dean Jason A -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dean Jason A $58,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2015 06/02/15 Sold $35,000 0.0% $19 / Sq Ft
05/26/2015 05/26/15 Pending -- -- --
05/19/2015 05/19/15 For Sale $35,000 -- $19 / 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 $1,626 $83,900 $19,600 $64,300
2022 $1,626 $74,200 $19,600 $54,600
2021 $1,359 $66,300 $19,600 $46,700
2020 $1,369 $62,700 $19,600 $43,100
2019 $1,271 $58,400 $19,600 $38,800
2018 $1,234 $56,300 $19,600 $36,700
2017 $1,155 $52,500 $19,600 $32,900
2016 $1,141 $52,000 $19,600 $32,400
2014 $795 $37,300 $4,900 $32,400
2013 -- $58,800 $19,600 $39,200
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2015

    Heather Deal

    Century 21 Bradley Realty Inc.

    Section Image
  • Eric Hamman

    Seller Co-Listing Agent in 2015

    Eric Hamman

    Century 21 Bradley Realty Inc.

    (574) 606-7402

    61 Total Sales

    Eric Hamman
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201523839

Indiana Regional MLS

APN: 20-06-06-295-001.000-012

Indiana Elkhart County Elkhart 46514 Riverside

422 N Michigan St, Elkhart, IN

This home is located at 422 N Michigan St, Elkhart, IN 46514 since 19 May 2015 and is currently estimated at $162,730, approximately $88 per square foot. This property was built in 1900. 422 N Michigan St is a home located in Elkhart County with nearby schools including Beardsley Elementary School, North Side Middle School, and Elkhart High School.

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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