NOT LISTED FOR SALE

50810 Summit Ridge Trail South Bend, IN 46628

Estimated Value: $492,000 - $945,182

4 Beds
5 Baths
3,518 Sq Ft
$198/Sq Ft Est. Value

Last Sold January 24, 2023

Last sale price $826,850 $235 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $4,225/month

170 Days on Market

Highlights

  • Primary Bedroom Suite
  • Open Floorplan
  • Ranch Style House
  • Waterfront
  • Lake, Pond or Stream
  • Backs to Open Ground

About This Home

As of January 2023

Get away from it all in the home of your dreams on this waterfront walkout lot. Brand new home to be built by Barry Gerard for Lara Luxury Homes is an excellent Split Ranch Floor plan featuring open living areas, spacious kitchen, 10 foot ceilings in the great room and kitchen, 3 full baths & 2 half baths (one is a jack and jill), a first floor laundry, 9ft finished walkout basement with slider in bedroom, excercise room and a spacious 3 car garage. The Master Suite features tray ceiling, slider to deck, double sinks, large deluxe tile shower, stand alone soaking tub, and a spacious walk-in closet. Upgraded interior finishes include, hardwood throughout the kitchen and living areas, tile flooring in all baths/laundry, extensive recessed lighting, built-ins, fireplace, upgraded trim package, granite kitchen counters, and deluxe stainless appliances. Enjoy the private outdoor space on the patio over looking the pond.

Last Agent to Sell the Property

Tim Murray

Coldwell Banker Real Estate Group Listed on: 06/30/2021

Coldwell Banker Real Estate Group

Last Buyer's Agent

Keith Raven

Berkshire Hathaway HomeServices Northern Indiana Real Estate

Berkshire Hathaway HomeServices Northern Indiana Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $294

Year Built

  • Built in 2022

Lot Details

  • 0.71 Acre Lot
  • Lot Dimensions are 101x285
  • Waterfront
  • Backs to Open Ground
  • Sloped Lot

HOA Fees

  • $30 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Ranch Style House
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace

Kitchen

  • Kitchen Island
  • Stone Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Gas Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • 2 Bathrooms in Basement
  • 1 Bedroom in Basement

Outdoor Features

  • Lake, Pond or Stream
  • Covered Deck
  • Covered Patio or Porch

Location

  • Suburban Location

Schools

  • Coquillard Elementary School
  • Dickinson Middle School
  • Clay High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Septic System

Community Details

  • Portage Woods Subdivision

Listing and Financial Details

  • Assessor Parcel Number 71-03-09-476-020.000-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$294

Year Built

Built in 2022

Lot Details

0

HOA Fees

$30 per month

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 2022
  • Age: 1
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 11
  • Total Number of Rooms Below Grade: 4
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 5
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 2
  • Legal Description: LOT 49 PORTAGE WOODS SEC 1 NP #3019 5-12-09
  • Parcel Number ID: 71-03-09-476-020.000-008
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Ceiling-9+, Ceiling-Tray, Ceiling Fan(s), Closet(s) Walk-in, Countertops-Stone, Deck Covered, Dryer Hook Up Gas, Foyer Entry, Garage Door Opener, Kitchen Island, Open Floor Plan, Patio Open, Porch Covered, Split Br Floor Plan, Tub/Shower Combination, Main Level Bedroom Suite, Great Room, Main Floor Laundry, Sump Pump
  • Cross Street: Brick Rd and Portage
  • Location: City/Town/Suburb, Near College Campus
  • New Construction: Spec
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 124.18
  • Year Taxes Payable: 2019
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Total Sq Ft: 4200
  • Total Finished Sq Ft: 3518
  • Above Grade Finished Sq Ft: 2100
  • Below Grade Finished Sq Ft: 1418
  • Below Grade Sq Ft: 682
  • Price Per Sq Ft: 393.74
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement, Finished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Gas Log, Vented
  • Fireplace: Yes
  • Flooring: Hardwood Floors, Tile
  • Extra Room: Exercise Room, On Level: Lower
  • Bedroom 1: Dimensions: 18x15, On Level: Main
  • Bedroom 2: Dimensions: 12x12, On Level: Main
  • Bedroom 3: Dimensions: 12x12, On Level: Main
  • Bedroom 4: Dimensions: 12x13, On Level: Lower
  • Number Below Grade Bathrooms: 2
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 2
  • Number of Below Grade Half Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 2100

Exterior Features

  • Exterior: Stone, Vinyl
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: None

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 24x35
  • Garage Sq Ft: 840
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Cable Company: Comcast
  • Water Type: Pond
  • Well Type: Private

Condo/Co-op/Association

  • Association Fees: 360
  • Association Fees Frequency: Annually

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Coquillard
  • Middle School: Dickinson
  • High School: Clay
  • Elementary School: Coquillard

Lot Info

  • Lot Description: Slope, Waterfront, Waterfront-Level Bank
  • Lot Dimensions: 101x285
  • Estimated Lot Sq Ft: 31158
  • Estimated Lot Size Acres: 0.71
  • Lot Number: 49

Tax Info

  • Annual Taxes: 294
  • Total Assessed Value: 14700

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2021
Closed on
Jan 19, 2023
Sold by
Lara Luxury Homes Llc
Bought by
Shamo Stephanie
Seller's Agent
Tim Murray
Coldwell Banker Real Estate Group
Buyer's Agent
Keith Raven
Berkshire Hathaway HomeServices Northern Indiana Real Estate
List Price
$595,000
Sold Price
$826,850
Premium/Discount to List
$231,850
38.97%
Views
117
Current Estimated Value
$698,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$128,554
Avg. Annual Appreciation
-6.07%
Original Mortgage
$627,200
Outstanding Balance
$606,758
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$91,538

Purchase Details

Closed on
Aug 29, 2022
Sold by
Lara Luxury Homes Llc
Bought by
Shamo Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$627,200
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2021
Sold by
Barak Group Llc
Bought by
Lara Luxury Homes Llc

Purchase Details

Closed on
Jul 13, 2021
Sold by
Barak Group Llc
Bought by
Lara Luxury Homes Llc

Purchase Details

Closed on
Mar 25, 2020
Sold by
Ferguson Bruce W and Ferguson Donna J
Bought by
Barak Group Llc

Purchase Details

Closed on
Dec 5, 2014
Sold by
First State Bank Of Middlebury
Bought by
Ferguson Ii Bruce W and Ferguson Donna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,498
Interest Rate
3.97%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Shamo Stephanie -- --
Shamo Stephanie -- None Listed On Document
Lara Luxury Homes Llc -- --
Lara Luxury Homes Llc -- None Available
Barak Group Llc -- Fidelity National Title
Ferguson Ii Bruce W -- Meridian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shamo Stephanie $627,200
Previous Owner Shamo Stephanie $627,200
Previous Owner Ferguson Ii Bruce W $25,498
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2023 01/24/23 Sold $826,850 +24.2% $235 / Sq Ft
08/10/2022 08/10/22 Price Changed $665,830 0.0% $189 / Sq Ft
12/17/2021 12/17/21 Pending -- -- --
12/17/2021 12/17/21 Price Changed $665,830 +9.2% $189 / Sq Ft
07/09/2021 07/09/21 Price Changed $609,900 +2.5% $173 / Sq Ft
06/30/2021 06/30/21 For Sale $595,000 -- $169 / 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 $5,747 $486,900 $148,000 $338,900
2023 $5,704 $497,800 $148,000 $349,800
2022 $2,611 $115,500 $19,000 $96,500
2021 $393 $14,700 $14,700 $0
2020 $416 $14,700 $14,700 $0
2019 $337 $14,700 $14,700 $0
2018 $374 $14,700 $14,700 $0
2017 $386 $14,700 $14,700 $0
2016 $3,542 $143,700 $19,200 $124,500
2014 $20 $800 $800 $0
2013 $19 $700 $700 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202125631

Indiana Regional MLS

APN: 71-03-09-476-020.000-008