NOT LISTED FOR SALE

507 E Jefferson St Goshen, IN 46528

East Lincoln Crossroads Neighborhood

Estimated Value: $112,852 - $213,000

4 Beds
3 Baths
1,477 Sq Ft
$108/Sq Ft Est. Value

Last Sold May 20, 2020

Last sale price $75,000 $51 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $1,074/month

5 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • Carpet

About This Home

As of May 2020

3 unit apartment near downtown, a 1 bedroom and 2 efficiency units. Recent new windows and siding, some newer carpet and fresh paint. 4 electric meters, 1 gas meter and 1 water meter. Owner has paid all utilities in the past but electric could be charged to tenants. Water and gas are currently turned off. Rents are as charged the last time the seller had tenants in the building. Expenses are projected. All units are currently vacant. If the furnace is replaced all units will be required to have their own furnace.

Last Agent to Sell the Property

Christina Clauss

Coldwell Banker Real Estate Group Listed on: 04/16/2020

Coldwell Banker Real Estate Group

Last Buyer's Agent

Alex Lino

Cressy & Everett- Elkhart

Cressy & Everett- Elkhart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,608

Year Built

  • Built in 1887

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 35x66
  • Level Lot

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Michigan Basement
  • Crawl Space

Schools

  • Chandler Elementary School
  • Goshen Middle School
  • Goshen High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for building insurance, electric, heating, maintenance, sewer, water
  • Assessor Parcel Number 20-11-10-313-011.000-015

Community Details

Overview

  • 3 Units
  • Mercers Subdivision

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $2,700
  • Insurance Expense $750
  • Maintenance Expense $250
  • Water Sewer Expense $720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,608

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1887
  • Age: 133
  • Style: One and Half Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Mercers 35' W End E1/2 387
  • Parcel Number ID: 20-11-10-313-011.000-015
  • Platted: Yes
  • Amenities: Basement, Water Heater Gas
  • Sp Lp Percent: 83.43
  • Monthly Gross Income: 2167
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 1777
  • Total Finished Sq Ft: 1477
  • Above Grade Finished Sq Ft: 1477
  • Below Grade Sq Ft: 300
  • Price Per Sq Ft: 50.78
  • Basement: Yes
  • Basement Foundation: Crawl, Michigan Basement, Partial Basement, Unfinished
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 300
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 2700
  • Annual Insurance Expense: 750
  • Annual Maintenance Expense: 250
  • Annual Water Sewer Expense: 720
  • Number Electric Meters: 4
  • Number Gas Meters: 1
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 35x66
  • Estimated Lot Sq Ft: 2178
  • Estimated Lot Size Acres: 0.05

Rental Info

  • Lease Term: Week to Week
  • Owner Pays: Building Insurance, Electric, Heating, Maintenance, Sewer, Water

Multi Family

  • Gross Monthly Rent: 2167
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of Efficiencies: 2

Tax Info

  • Annual Property Tax: 1608

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2020
Closed on
May 21, 2020
Sold by
Roger Cripe
Bought by
507 E Jefferson Street Llc
Seller's Agent
Christina Clauss
Coldwell Banker Real Estate Group
Buyer's Agent
Alex Lino
Cressy & Everett- Elkhart
List Price
$89,900
Sold Price
$75,000
Premium/Discount to List
-$14,900
-16.57%
Current Estimated Value
$159,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,463
Avg. Annual Appreciation
12.03%
Original Mortgage
$56,250
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 16, 2020
Closed on
May 20, 2020
Sold by
Roger Cripe
Bought by
507 E Jefferson Street Llc
Seller's Agent
Christina Clauss
Coldwell Banker Real Estate Group
Buyer's Agent
Alex Lino
Cressy & Everett- Elkhart
List Price
$89,900
Sold Price
$75,000
Premium/Discount to List
-$14,900
-16.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2020
Sold by
Cripe Roger
Bought by
507 E Jefferson Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
3.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 25, 2010
Sold by
J & K Rentals Llc
Bought by
Cripe Roger

Purchase Details

Closed on
Oct 24, 2005
Sold by
J & K Rentals Llc
Bought by
Cripe Roger
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
507 E Jefferson Street Llc $74,812 Near North Title Group
507 E Jefferson Street Llc $74,812 Near North Title Group
507 E Jefferson Street Llc -- Near North Title Group
Cripe Roger $66,181 None Available
Cripe Roger -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merino Felipe $60,607
Closed 507 E Jefferson Street Llc $56,250
Closed 507 E Jefferson Street Llc $56,250
Previous Owner 507 E Jefferson Street Llc $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2020 05/20/20 Sold $75,000 -16.6% $51 / Sq Ft
04/21/2020 04/21/20 Pending -- -- --
04/16/2020 04/16/20 For Sale $89,900 -- $61 / 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 $2,778 $118,800 $7,700 $111,100
2022 $2,778 $97,100 $7,700 $89,400
2021 $2,159 $90,000 $0 $90,000
2020 $2,222 $82,300 $7,700 $74,600
2019 $2,092 $84,200 $7,700 $76,500
2018 $1,623 $68,800 $7,700 $61,100
2017 $1,333 $64,800 $7,700 $57,100
2016 $1,330 $62,700 $7,700 $55,000
2014 $1,210 $58,700 $7,700 $51,000
2013 $1,175 $58,700 $7,700 $51,000
Source: Public Records

Agents Affiliated with this Home

  • Christina Clauss

    Seller's Agent in 2020

    Christina Clauss

    Coldwell Banker Real Estate Group

    (574) 522-2822

    7 in this area

    170 Total Sales

    Christina Clauss
    Section Image
  • Alex Lino

    Buyer's Agent in 2020

    Alex Lino

    Cressy & Everett- Elkhart

    (574) 612-1571

    2 in this area

    135 Total Sales

    Alex Lino
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202013343

Indiana Regional MLS

APN: 20-11-10-313-011.000-015

Indiana Elkhart County Goshen 46528 East Lincoln Crossroads

507 E Jefferson St, Goshen, IN

This home is located at 507 E Jefferson St, Goshen, IN 46528 since 16 April 2020 and is currently estimated at $159,463, approximately $107 per square foot. This property was built in 1887. 507 E Jefferson 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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