500 N Michigan St Elkhart, IN 46514
Riverside NeighborhoodEstimated Value: $115,000 - $153,000
4
Beds
2
Baths
1,562
Sq Ft
$89/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- Carpet
- 2-minute walk to Weston Park
- Level Lot
About This Home
As of October 2020Great investment opportunity! Lots of updates including electrical, furnace and cosmetics. Both units have tenants in contracts. Both units are 2 bed and 1 bath with each having separate meters. Tenants do lawn maintenance. Copies of lease agreements available upon request.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,623
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 44 x 66
- Level Lot
Home Design
- Duplex
Interior Spaces
- 2-Story Property
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Partially Finished Basement
- Michigan Basement
- Laundry in Basement
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electric, fuel
- The owner pays for building insurance, electric, fuel
- Assessor Parcel Number 20-06-06-290-000.600-012
Community Details
Overview
- 2 Units
Pet Policy
- Pet Restriction
Building Details
- Electric Expense $924
- Fuel Expense $708
- Insurance Expense $1,200
- Water Sewer Expense $700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 14, 2020
Closed on
Oct 20, 2020
Sold by
Studabaker and Cheryl
Bought by
Calderon Jose Alfredo and Calderon Elisabel
Seller's Agent
Wanda Buck
Indy Dwell Real Estate
Buyer's Agent
Wanda Buck
Indy Dwell Real Estate
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%
Total Days on Market
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,225
Avg. Annual Appreciation
12.77%
Purchase Details
Listed on
Sep 14, 2020
Closed on
Oct 19, 2020
Sold by
Studabaker and Cheryl
Bought by
Calderon Jose Alfredo and Calderon Elisabel
Seller's Agent
Wanda Buck
Indy Dwell Real Estate
Buyer's Agent
Wanda Buck
Indy Dwell Real Estate
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%
Purchase Details
Listed on
Aug 15, 2019
Closed on
Mar 24, 2020
Sold by
Mannia Cynthia J
Bought by
Studebaker Kevin and Studebaker Cheryl
Seller's Agent
Kyleen Miller
RE/MAX Results-Goshen
Buyer's Agent
Wanda Buck
Indy Dwell Real Estate
List Price
$79,900
Sold Price
$69,000
Premium/Discount to List
-$10,900
-13.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.63%
Original Mortgage
$51,750
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 14, 2004
Sold by
Kruse David Lee and Kruse Joyce Marlene
Bought by
Mannia Cynthia J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,400
Interest Rate
5.93%
Mortgage Type
Unknown
Purchase Details
Closed on
Dec 11, 2002
Sold by
Kruse David Lee and Kruse David L
Bought by
Kruse David Lee and Kruse Joyce Marlene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,910
Interest Rate
6.38%
Purchase Details
Closed on
Nov 22, 2002
Sold by
Fergison Rolla R and Fergison Janet A
Bought by
Kruse David L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,910
Interest Rate
6.38%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Elkhart, IN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Calderon Jose Alfredo | -- | Near North Title Group | |
| Calderon Jose Alfredo | -- | Near North Title Group | |
| Studebaker Kevin | -- | Near North Title Group | |
| Mannia Cynthia J | -- | Century Title Services | |
| Kruse David Lee | -- | Stewart Title Of Elkhart Of | |
| Kruse David L | -- | Stewart Title Of Elkhart Of |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Studebaker Kevin | $51,750 | |
| Previous Owner | Mannia Cynthia J | $76,400 | |
| Previous Owner | Kruse David L | $71,910 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/19/2020 10/19/20 | Sold | $80,000 | -11.0% | $51 / Sq Ft |
| 09/28/2020 09/28/20 | Pending | -- | -- | -- |
| 09/14/2020 09/14/20 | For Sale | $89,900 | +30.3% | $58 / Sq Ft |
| 03/24/2020 03/24/20 | Sold | $69,000 | -10.3% | $44 / Sq Ft |
| 02/21/2020 02/21/20 | Pending | -- | -- | -- |
| 02/20/2020 02/20/20 | Price Changed | $76,900 | -3.8% | $49 / Sq Ft |
| 12/05/2019 12/05/19 | For Sale | $79,900 | 0.0% | $51 / Sq Ft |
| 11/17/2019 11/17/19 | Pending | -- | -- | -- |
| 10/07/2019 10/07/19 | Price Changed | $79,900 | -5.9% | $51 / Sq Ft |
| 08/15/2019 08/15/19 | For Sale | $84,900 | -- | $54 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $2,234 | $116,700 | $11,700 | $105,000 |
| 2022 | $2,234 | $29,000 | $11,700 | $17,300 |
| 2021 | $1,795 | $87,800 | $11,700 | $76,100 |
| 2020 | $1,781 | $81,800 | $11,700 | $70,100 |
| 2019 | $1,623 | $74,800 | $11,700 | $63,100 |
| 2018 | $1,563 | $71,500 | $11,700 | $59,800 |
| 2017 | $1,450 | $66,100 | $11,700 | $54,400 |
| 2016 | $1,411 | $64,500 | $11,700 | $52,800 |
| 2014 | $1,332 | $62,500 | $11,700 | $50,800 |
| 2013 | $1,292 | $64,600 | $11,700 | $52,900 |
Source: Public Records
Agents Affiliated with this Home
-
Wanda Buck
Seller's Agent in 2020
Wanda Buck
Indy Dwell Real Estate
(574) 304-2426
1 in this area
64 Total Sales
-
Kyleen Miller
Seller's Agent in 2020
Kyleen Miller
RE/MAX
(574) 238-1262
52 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202036933
APN: 20-06-06-290-006.000-012
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