NOT LISTED FOR SALE

427 N 1st St Goshen, IN 46528

Estimated Value: $125,000 - $152,547

3 Beds
2 Baths
1,284 Sq Ft
$108/Sq Ft Est. Value

Last Sold February 16, 2021

Last sale price $80,000 $62 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $1,011/month

2 Days on Market

Highlights

  • 1 Car Attached Garage
  • Level Lot
  • Carpet
  • Forced Air Heating System

About This Home

As of February 2021

This profit maker is for an investor. Both units are rented, utilities are split- all but the city water. The landlord pays that.

Last Listed By

Darryl Riegsecker

RE/MAX Results-Goshen Listed on: 08/10/2020

RE/MAX Results-Goshen

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,589

Year Built

  • Built in 1860

Lot Details

  • 0.25 Acre Lot
  • Level Lot

Home Design

  • 1,284 Sq Ft Home
  • Duplex
  • Shingle Roof
  • Metal Roof
  • Vinyl Construction Material

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Michigan Basement
  • Stone or Rock in Basement

Parking

  • 1 Car Attached Garage
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Laminate Countertops
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for water
  • Assessor Parcel Number 20-11-09-177-021.000-015

Community Details

Overview

  • 2 Units
  • 22-Story Property

Building Details

  • Insurance Expense $650
  • Water Sewer Expense $1,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,589

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1860
  • Age: 161
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: HATFIELDS S D O L 14-15-16; F & D 2; (TIF 97)
  • Parcel Number ID: 20-11-09-177-021.000-015
  • Platted: Yes
  • Amenities: Cable Available, Countertops-Laminate, Detector-Smoke, Water Heater Gas
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 88.99
  • Monthly Gross Income: 1300
  • Special Features: None

Interior Features

  • Total Sq Ft: 1284
  • Total Finished Sq Ft: 1284
  • Above Grade Finished Sq Ft: 1284
  • Price Per Sq Ft: 62.31
  • Basement: Yes
  • Basement Foundation: Partial Basement, Michigan Basement
  • Basement Material: Stone
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Metal, Shingle
  • Stories: 22

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 2
  • Parking: Garage, Off Street, Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Cable Company: Comcast
  • Annual Insurance Expense: 650
  • Annual Water Sewer Expense: 1020

Schools

  • School District: Goshen Community Schools
  • Elementary School: Chandler
  • Middle School: Goshen
  • High School: Goshen

Lot Info

  • Lot Description: Level
  • Lot Dimensions: .25
  • Estimated Lot Sq Ft: 10890
  • Estimated Lot Size Acres: 0.25

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Water
  • Tenant Pays: Electric, Fuel

Multi Family

  • Gross Monthly Rent: 1300
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1589

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2020
Closed on
Feb 12, 2021
Sold by
Vangilst Scott Van
Bought by
American Rental Properties Llc
Seller's Agent
Darryl Riegsecker
RE/MAX Results-Goshen
Buyer's Agent
Steve Miller
RE/MAX Results-Goshen
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%
Total Days on Market
2
Current Estimated Value
$138,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,637
Avg. Annual Appreciation
13.74%
Original Mortgage
$83,000
Outstanding Balance
$75,018
Interest Rate
2.65%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$63,619

Purchase Details

Closed on
Oct 9, 2014
Sold by
Vangilst Carl W and Van Gilst Shirley A
Bought by
Vangilst Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage

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
American Rental Properties Llc $80,000 Near North Title Group
Vangilst Scott -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open American Rental Properties Llc $83,000
Previous Owner Vangilst Scott $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2021 02/16/21 Sold $80,000 -11.0% $62 / Sq Ft
08/12/2020 08/12/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $89,900 -- $70 / 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 $2,815 $119,500 $13,200 $106,300
2022 $2,815 $98,000 $13,200 $84,800
2021 $2,143 $88,800 $13,200 $75,600
2020 $1,742 $64,100 $11,900 $52,200
2019 $1,604 $64,100 $11,900 $52,200
2018 $1,522 $64,100 $11,900 $52,200
2017 $798 $38,100 $11,900 $26,200
2016 $822 $38,100 $11,900 $26,200
2014 $603 $29,300 $11,900 $17,400
2013 $586 $29,300 $11,900 $17,400
Source: Public Records

Agents Affiliated with this Home

  • Darryl Riegsecker

    Seller's Agent in 2021

    Darryl Riegsecker

    RE/MAX

    (574) 534-1010

    81 Total Sales

    Darryl Riegsecker
    Section Image
  • Steve Miller

    Buyer's Agent in 2021

    Steve Miller

    RE/MAX

    (574) 238-1436

    355 Total Sales

    Steve Miller
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202031266

Indiana Regional MLS

APN: 20-11-09-177-021.000-015

Indiana Elkhart County Goshen 46528

427 N 1st St, Goshen, IN

Homes for Sale in Goshen, IN

This home is located at 427 N 1st St, Goshen, IN 46528 since 10 August 2020 and is currently estimated at $138,637, approximately $107 per square foot. This property was built in 1860. 427 N 1st St is a home located in Elkhart County with nearby schools including Goshen Jr. High School, Goshen High School, and St. John the Evangelist Catholic 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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