$197,000
SOLD SEP 12, 2024

423-425 W 10th St Mishawaka, IN 46544

4 Beds
2 Baths
2,172 Sq Ft
4,640 Sq Ft Lot

Recently Sold

$91 Per Sq Ft

18% Below List Price

22 Days on Market

Highlights

  • Tile Flooring
  • Level Lot
  • Community Storage Space
  • Forced Air Heating and Cooling System

About This Home

As of September 2024

Welcome to this well-maintained duplex in the heart of Mishawaka, featuring a newly painted block building with a large front porch perfect for relaxing. This property boasts a 2-car detached garage and a majority of updated windows, with replacement windows included in the sale for the remaining older ones. Each unit offers a mirrored layout, featuring two spacious bedrooms and a small office or child's room upstairs, along with a full bathroom on the main level. Both units come with their own laundry facilities and separate basements, providing ample storage and convenience. Enjoy the peace of mind with separate meters for each unit, making this an ideal investment with great cash flow potential. One unit is currently occupied, ensuring immediate rental income, while the other unit is vacant and has been recently painted, ready for a new tenant or owner-occupant.

Last Agent to Sell the Property

Adam Pendl

eXp Realty, LLC Brokerage Phone: 574-532-2522 Listed on: 07/11/2024

eXp Realty, LLC

Last Buyer's Agent

Cindy Reeves

Berkshire Hathaway HomeServices Elkhart

Berkshire Hathaway HomeServices Elkhart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,145

Year Built

  • Built in 1907

Lot Details

  • 4,640 Sq Ft Lot
  • Lot Dimensions are 40x116
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Poured Concrete
  • Block Exterior

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Outbuilding

Schools

  • Emmons Elementary School
  • John Young Middle School
  • Mishawaka High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 71-09-16-458-002.000-023

Community Details

Overview

  • 2 Units
  • Mcinerneys & Engledrums Subdivision

Amenities

  • Community Storage Space

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $891

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,145

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1907
  • Age: 117
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOT 87 MCINERNY & ENGELDRUMS 2ND ADD
  • Parcel Number ID: 71-09-16-458-002.000-023
  • Platted: Yes
  • Amenities: Basement, Storage
  • Sp Lp Percent: 82.12
  • Monthly Gross Income: 500
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 3132
  • Total Finished Sq Ft: 2172
  • Above Grade Finished Sq Ft: 2172
  • Below Grade Sq Ft: 960
  • Price Per Sq Ft: 90.7
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Tile
  • Total Below Grade Sq Ft: 960
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Block
  • Stories: 2
  • Outbuilding: Outbuilding
  • Outbuilding Sq Ft: 529

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 891
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

  • School District: School City of Mishawaka
  • Elementary School: Emmons
  • Middle School: John Young
  • High School: Mishawaka
  • Elementary School: Emmons

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40X116
  • Estimated Lot Sq Ft: 4640
  • Estimated Lot Size Acres: 0.11
  • Lot Number: 87

Rental Info

  • Lease Term: Month to Month

Multi Family

  • Gross Monthly Rent: 500
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1145

MLS Schools

  • High School: Mishawaka
  • Middle School: John Young
  • School District: School City of Mishawaka

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Sep 12, 2024
Sold by
Moore Brad
Bought by
Juarez Ricardo
Seller's Agent
Adam Pendl
eXp Realty, LLC
Buyer's Agent
Cindy Reeves
Berkshire Hathaway HomeServices Elkhart
List Price
$239,900
Sold Price
$197,000
Premium/Discount to List
-$42,900
-17.88%
Views
24
Current Estimated Value
$210,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,390
Avg. Annual Appreciation
6.00%
Original Mortgage
$187,150
Outstanding Balance
$185,939
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$22,153
Source: Public Records

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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 Type Sale Price Title Company
Warranty Deed $197,000 Metropolitan Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $187,150 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2024 09/12/24 Sold $197,000 -17.9% $91 / Sq Ft
08/02/2024 08/02/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $239,900 -- $110 / 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 $1,146 $73,000 $15,100 $57,900
2023 $1,146 $48,800 $6,700 $42,100
2022 $1,145 $48,800 $6,700 $42,100
2021 $1,071 $79,200 $7,300 $71,900
2020 $1,611 $88,200 $8,100 $80,100
2019 $1,765 $74,300 $7,800 $66,500
2018 $2,105 $70,900 $7,300 $63,600
2017 $2,216 $69,200 $7,300 $61,900
2016 $2,118 $69,200 $7,300 $61,900
2014 $1,785 $66,000 $7,300 $58,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202425702

Indiana Regional MLS

APN: 71-09-16-458-002.000-023