NOT LISTED FOR SALE

508 S St Joseph St South Bend, IN 46617

Monroe Park Neighborhood

Estimated Value: $85,000 - $219,000

5 Beds
3 Baths
2,692 Sq Ft
$54/Sq Ft Est. Value

Last Sold November 30, 2017

Last sale price $45,000 $17 Per Sq Ft

Est. 221% increase in value since last sale

Current estimated payment $878/month

60 Days on Market

Highlights

  • Wood Flooring
  • Pocket Doors
  • Forced Air Heating System
  • Eat-In Kitchen
  • Ceiling height of 9 feet or more
  • 1-minute walk to James R. Sietz Park

About This Home

As of November 2017

This home has been separated into two units. 1st floor unit has 2 bed, 1 bath apartment with beautiful woodwork, pocket doors, hardwood floors and lots of living space and storage. 2nd floor has 3 bed, 2 bath apartment. Newer windows, roof and siding. This home has the potential to be converted back into a magnificent single family home. Units are rented with tenant rights for closing. No lockbox call agent.

Last Agent to Sell the Property

Emily Kelleher

Cressy & Everett - South Bend Listed on: 08/31/2017

Cressy & Everett - South Bend

Last Buyer's Agent

Emily Kelleher

Cressy & Everett - South Bend Listed on: 08/31/2017

Cressy & Everett - South Bend

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 8,250 Sq Ft Lot
  • Lot Dimensions are 20x14
  • Irregular Lot
  • Historic Home

Parking

  • On-Street Parking

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 3-Story Property
  • Ceiling height of 9 feet or more
  • Pocket Doors
  • Wood Flooring
  • Partially Finished Basement
  • Block Basement Construction
  • Eat-In Kitchen
  • Washer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

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

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating, snow removal
  • The owner pays for lawn maintenance, maintenance, sewer, trash collection, water
  • Assessor Parcel Number 71-08-12-328-003.000-026

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $984
  • Fuel Expense $1,000
  • Insurance Expense $2,000
  • Maintenance Expense $1,000
  • Water Sewer Expense $540

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1890
  • Age: 127
  • Style: Three Story
  • Architectural Style: Historic
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: LOT 39 TAYLOR FIELD ADD
  • Parcel Number ID: 71-08-12-328-003.000-026
  • Platted: Yes
  • Amenities: Fireplace, Ceiling-9+, Eat-In Kitchen, Pocket Doors, Water Heater Gas, Washer Hook-Up
  • Sp Lp Percent: 60.81
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 1375
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 4038
  • Total Finished Sq Ft: 2692
  • Above Grade Finished Sq Ft: 2692
  • Below Grade Sq Ft: 1346
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Wood
  • Total Below Grade Sq Ft: 1346
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Aluminum, Vinyl
  • Roof Material: Shingle
  • Stories: 3

Garage/Parking

  • Parking: Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Annual Electric: 984
  • Annual Fuel Expense: 1000
  • Annual Insurance Expense: 2000
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 540
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Madison
  • Middle School: Jackson
  • High School: Riley

Lot Info

  • Lot Description: Irregular
  • Lot Dimensions: 20X14
  • Estimated Lot Sq Ft: 8250
  • Estimated Lot Size Acres: 0.1894

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cable, Cooling, Electric, Heating, Snow Removal

Multi Family

  • Gross Monthly Rent: 1375
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 2848

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2017
Closed on
Nov 28, 2017
Sold by
Baxter Mike
Bought by
Divoy Enterprises Llc
Seller's Agent
Emily Kelleher
Cressy & Everett - South Bend
Buyer's Agent
Emily Kelleher
Cressy & Everett - South Bend
List Price
$74,000
Sold Price
$45,000
Premium/Discount to List
-$29,000
-39.19%
Current Estimated Value
$144,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,333
Avg. Annual Appreciation
20.36%

Purchase Details

Closed on
May 24, 2010
Sold by
Sharp Catherine
Bought by
Baxter Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,500
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2009
Sold by
Housing Development Corporation Of St Jo
Bought by
Sharp Catherine
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
Divoy Enterprises Llc -- Metropolitan Title
Baxter Mike -- Meridian Title Corp
Sharp Catherine -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baxter Mike $32,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2017 11/30/17 Sold $45,000 -39.2% $17 / Sq Ft
10/30/2017 10/30/17 Pending -- -- --
08/31/2017 08/31/17 For Sale $74,000 -- $27 / 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 $1,345 $113,500 $4,700 $108,800
2023 $1,267 $52,800 $4,700 $48,100
2022 $1,267 $52,800 $4,700 $48,100
2021 $1,207 $48,500 $4,500 $44,000
2020 $1,207 $48,500 $4,500 $44,000
2019 $1,015 $112,600 $4,000 $108,600
2018 $2,751 $112,600 $4,000 $108,600
2017 $2,830 $111,600 $4,000 $107,600
2016 $2,888 $111,600 $4,000 $107,600
2014 $2,898 $110,900 $4,000 $106,900
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2017

    Emily Kelleher

    Cressy & Everett - South Bend

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Map

Source: Indiana Regional MLS

MLS Number: 201740467

Indiana Regional MLS

APN: 71-08-12-328-003.000-026

Indiana St Joseph County South Bend 46601 Monroe Park

508 S St Joseph St, South Bend, IN

This home is located at 508 S St Joseph St, South Bend, IN 46617 since 31 August 2017 and is currently estimated at $144,333, approximately $53 per square foot. This property was built in 1890. 508 S St Joseph St is a home located in St. Joseph County with nearby schools including Lincoln Elementary School, Navarre Middle School, and Riley 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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