NOT LISTED FOR SALE

50801 Forest Lake Trail Unit 57 South Bend, IN 46628

Estimated Value: $233,000 - $640,000

0.73 Acre
$609,389 Price per Acre
31,929 Sq Ft Lot

Last Sold October 21, 2015

Last sale price $28,000

Est. 1,495% increase in value since last sale

Current estimated payment $2,662/month

639 Days on Market

About This Lot

As of October 2015

Get away from it all by building the home of your dreams in this wonderful serene neighborhood of wooded and lake front home sites. All home sites in this neighborhood are at least ½ acre in size and many will accommodate lookout and walkout basements. Portage Woods is conveniently located within 10 minutes of South Bend, Notre Dame, and Southern Michigan. Easy access to toll road and bypass with shopping and restaurants nearby. Lots currently starting at $25,000 with lake lots starting at $42,000. Building restrictions include ranches starting at 1800 square feet and two story homes starting at 2200 square feet. Builders and homes subject to approval. Start planning your dream home today!

Last Agent to Sell the Property

Tim Murray

Coldwell Banker Real Estate Group Listed on: 12/08/2013

Coldwell Banker Real Estate Group

Last Buyer's Agent

Tim Murray

Coldwell Banker Real Estate Group Listed on: 12/08/2013

Coldwell Banker Real Estate Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,219

Lot Details

  • 0.73 Acre Lot
  • Lot Dimensions are 132 x 225
  • Property fronts a county road
  • Finished Lot(s)

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Planned Development

Schools

  • Darden Primary Center Elementary School
  • Brown Middle School
  • Clay High School

Utilities

  • Heating System Uses Gas
  • Well
  • Septic System

Community Details

  • Portage Woods Subdivision
  • The community has rules related to building or community restrictions, zoning restrictions

Listing and Financial Details

  • Assessor Parcel Number 71-03-09-476-003.000-008

Property Details

Property Type

Land

Est. Annual Taxes

$3,219

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Residential Land
  • Legal Description: Lot 57, Portage Woods, Section One |
  • Parcel Number ID: 71-03-09-476-003.000-008
  • Platted: Yes
  • Cross Street: Brick Rd and Portage
  • Grid: German
  • Planned Unit Dev: Yes
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 93.33
  • Parcel Description: Partially Wooded
  • Restrictions: Building Restrictions, Restrictions, Zoning Restrictions
  • Type of Sale: Traditional
  • Platted Development: Yes
  • Structure Bldg Imprvmnts: Yes
  • Type Use: Residential
  • Year Taxes Payable: 2012
  • Special Features: RealEstateOwned

Exterior Features

  • Road Frontage: County

Utilities

  • Water Utilities: Well
  • Electricity Type: Available
  • Fuel Type: Gas
  • Sewer Type: Septic

Condo/Co-op/Association

  • Association Fees: 200
  • Association Fees Frequency: Annually

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Darden Primary Center
  • Middle School: Brown
  • High School: Clay
  • Elementary School: Darden Primary Center

Lot Info

  • Lot Dimensions: 132 x 225
  • Estimated Lot Sq Ft: 31909
  • Estimated Lot Size Acres: 0.733
  • Lot Number: 57
  • Easements: Yes

MLS Schools

  • High School: Clay
  • Middle School: Brown
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2013
Closed on
Oct 21, 2015
Sold by
Baarak Group Llc
Bought by
Hoffa John C and Hoffa Kathy L
Seller's Agent
Tim Murray
Coldwell Banker Real Estate Group
Buyer's Agent
Tim Murray
Coldwell Banker Real Estate Group
List Price
$30,000
Sold Price
$28,000
Premium/Discount to List
-$2,000
-6.67%
Current Estimated Value
$446,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,682
Avg. Annual Appreciation
32.02%
Original Mortgage
$256,487
Outstanding Balance
$201,733
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$244,949
Source: Public Records

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
Hoffa John C -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffa John C $256,487
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2015 10/21/15 Sold $28,000 -6.7% --
09/08/2015 09/08/15 Pending -- -- --
12/08/2013 12/08/13 For Sale $30,000 -- --
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 $3,219 $335,600 $127,800 $207,800
2023 $3,176 $298,500 $127,800 $170,700
2022 $4,471 $366,300 $155,900 $210,400
2021 $3,536 $285,800 $28,900 $256,900
2020 $3,439 $278,200 $28,000 $250,200
2019 $2,742 $269,900 $26,900 $243,000
2018 $2,639 $240,200 $23,600 $216,600
2017 $2,717 $800 $800 $0
2016 $65 $900 $900 $0
2014 $23 $900 $900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201319474

Indiana Regional MLS

APN: 71-03-09-476-003.000-008