NOT LISTED FOR SALE

503-505 E Lowell Ave Mishawaka, IN 46545

Estimated Value: $166,000 - $223,000

4 Beds
2 Baths
1,836 Sq Ft
$109/Sq Ft Est. Value

Last Sold April 02, 2021

Last sale price $145,000 $79 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,389/month

3 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Partially Carpeted
  • 1-Story Property
  • 1 Car Garage
  • Level Lot

About This Home

As of April 2021

HIGHEST AND BEST DUE BY 8PM ON FRIDAY 3/19/2021. PLEASE HAVE RESPONSE TIME AS 12:00 NOON ON 3/20/2021. Don't miss this great investment opportunity! Well maintained duplex that offers two units with 2 bedrooms and 1 bath. One unit offers laminate hardwood, white kitchen, new dryer, and a carport. The other unit features newer carpet, new A/C unit, dark wood kitchen, and a one car garage. Both units have great tenant history. Seller purchased a three year home warranty in April 2020 that will be transferred to new owner.

Last Buyer's Agent

Heidi Gaskill

Berkshire Hathaway HomeServices Elkhart

Berkshire Hathaway HomeServices Elkhart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,390

Year Built

  • Built in 1977

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 105x123
  • Level Lot

Home Design

  • Duplex
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,836 Sq Ft Home
  • 1-Story Property

Flooring

  • Partially Carpeted
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Garage
  • Carport
  • Off-Street Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, tax, trash collection, water
  • Assessor Parcel Number 71-09-10-151-007.000-023

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $983
  • Water Sewer Expense $2,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,390

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1977
  • Age: 44
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: All Lot 4 & Lot 5 Exc 5' E Side Doolittle Realty 1st Addition
  • Parcel Number ID: 71-09-10-151-007.000-023
  • Platted: Yes
  • Amenities: Off Street Parking
  • Sp Lp Percent: 120.93
  • Monthly Gross Income: 1550
  • Special Features: None

Interior Features

  • Total Sq Ft: 1836
  • Total Finished Sq Ft: 1836
  • Above Grade Finished Sq Ft: 1836
  • Price Per Sq Ft: 78.98
  • Basement Foundation: Slab
  • Flooring: Laminate, Part Carpet, Vinyl
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Annual Insurance Expense: 983
  • Annual Water Sewer Expense: 2256
  • Number Of W D Hookups: 2

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 105x123
  • Estimated Lot Sq Ft: 12916
  • Estimated Lot Size Acres: 0.2965
  • Lot Number: 4

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 62800
  • Annual Property Tax: 1390

Multi Family

  • Gross Monthly Rent: 1550
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2021
Sold by
W & L Market Llc
Bought by
W & L Market Llc
Current Estimated Value
$199,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Outstanding Balance
$154,090
Interest Rate
2.1%
Estimated Equity
$45,577

Purchase Details

Listed on
Mar 17, 2021
Closed on
Apr 1, 2021
Sold by
Castellon Michael and Burkhardt Angela
Bought by
W & L Market Llc
Buyer's Agent
Heidi Gaskill
Berkshire Hathaway HomeServices Elkhart
List Price
$119,900
Sold Price
$145,000
Premium/Discount to List
$25,100
20.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%

Purchase Details

Listed on
Mar 17, 2021
Closed on
Mar 30, 2021
Sold by
Castellon Michael and Burkhardt Angela
Bought by
W & L Market Llc
Buyer's Agent
Heidi Gaskill
Berkshire Hathaway HomeServices Elkhart
List Price
$119,900
Sold Price
$145,000
Premium/Discount to List
$25,100
20.93%

Purchase Details

Closed on
Jul 29, 2020
Sold by
Parkway Developer Construction Llc
Bought by
Castellon Michael W and Burkhardt Angela

Purchase Details

Closed on
May 25, 2012
Sold by
Baize Winford
Bought by
Baize Sam and Smith Kyle

Purchase Details

Closed on
Jun 7, 2011
Sold by
Cronk Alice L
Bought by
Baize Winford L
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
W & L Market Llc -- Fidelity National Title
W & L Market Llc -- Near North Title Group
W & L Market Llc -- Near North Title
Castellon Michael W -- Michael C Murphy Elder Law Pc
Castellon Michael W -- Michael C Murphy Elder Law Pc
Baize Sam $60,000 None Available
Baize Winford L -- Metropolitan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open W & L Market Llc $186,000
Closed Baize Sam $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2021 04/02/21 Sold $145,000 +20.9% $79 / Sq Ft
03/20/2021 03/20/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $119,900 -- $65 / 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 $4,000 $130,000 $48,500 $81,500
2023 $4,000 $169,900 $48,500 $121,400
2022 $3,686 $156,600 $48,500 $108,100
2021 $2,224 $94,000 $21,700 $72,300
2020 $1,495 $62,800 $25,300 $37,500
2019 $1,390 $58,100 $23,400 $34,700
2018 $1,685 $107,700 $22,400 $85,300
2017 $636 $91,300 $19,300 $72,000
2016 $770 $75,000 $19,300 $55,700
2014 $1,069 $73,900 $19,300 $54,600
Source: Public Records

Agents Affiliated with this Home

  • Heidi Gaskill

    Buyer's Agent in 2021

    Heidi Gaskill

    Berkshire Hathaway HomeServices Elkhart

    (574) 596-7478

    7 in this area

    217 Total Sales

    Heidi Gaskill
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Map

Source: Indiana Regional MLS

MLS Number: 202108406

Indiana Regional MLS

APN: 71-09-10-151-007.000-023

Indiana St Joseph County Mishawaka 46545

503-505 E Lowell Ave, Mishawaka, IN

This home is located at 503-505 E Lowell Ave, Mishawaka, IN 46545 since 17 March 2021 and is currently estimated at $199,667, approximately $108 per square foot. This property was built in 1977. 503-505 E Lowell Ave is a home located in St. Joseph County with nearby schools including Liberty Elementary School, John J. Young Middle School, and Mishawaka 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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