NOT LISTED FOR SALE

514 S 5th St Elkhart, IN 46516

West Central Neighborhood

Estimated Value: $80,000 - $126,000

4 Beds
2 Baths
1,700 Sq Ft
$61/Sq Ft Est. Value

Last Sold July 21, 2017

Last sale price $36,500 $21 Per Sq Ft

Est. 186% increase in value since last sale

Current estimated payment $643/month

20 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • Carpet

About This Home

As of July 2017

Great ROI on this duplex. $14,000/yr gross rents. Tenants pay their own gas and elec! Newer plumbing and water heaters. Won't find these returns in your mutual fund portfolio! Can be sold individually or in a package with: 717 W Marion (SFH) $8580/yr gross rents, tenant pays util 192 N Sixth (SFH) $8320/yr gross rents, tenant pays util 514 S 5th st (Duplex) $14,000/yr gross rents, owner pays water 405 W Marion (Duplex) $14,820/yr gross rents, owner pays water and gas 604 W Marion (Duplex) $16,120/yr gross rents, owner pays water 401 W Marion (Fourplex) $26,720/yr gross rents, owner pays all util

Last Agent to Sell the Property

Dan Brouillette

Pheasant Ridge Realty Listed on: 04/19/2017

Last Buyer's Agent

Shelley Tucker

Assurance Property Management & Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $842

Year Built

  • Built in 1900

Lot Details

  • 2,579 Sq Ft Lot
  • Lot Dimensions are 60 x 43
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Basement
  • Michigan Basement
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for water
  • Assessor Parcel Number 20-06-08-128-002.000-012

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $500
  • Water Sewer Expense $700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$842

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 117
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: BEARDS 60X42 1/2FT S SIDE; LOT 240; S & WESTERN 2ND ADD
  • Parcel Number ID: 20-06-08-128-002.000-012
  • Platted: Yes
  • Amenities: Detector-Smoke
  • Sp Lp Percent: 85.88
  • Monthly Gross Income: 1167
  • Special Features: None

Interior Features

  • Total Sq Ft: 2400
  • Total Finished Sq Ft: 1700
  • Above Grade Finished Sq Ft: 1700
  • Below Grade Sq Ft: 700
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 700
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 11

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 500
  • Annual Water Sewer Expense: 700

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Elkhart Community
  • Middle School: West Side
  • High School: Memorial

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 60 X 43
  • Estimated Lot Sq Ft: 2579
  • Estimated Lot Size Acres: 0.0592

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric, Heating

Multi Family

  • Gross Monthly Rent: 1166
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 842

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2017
Closed on
Jul 21, 2017
Sold by
Auroa Capital Management Llc
Bought by
Edgewater V Llc
Seller's Agent
Dan Brouillette
Pheasant Ridge Realty
Buyer's Agent
Shelley Tucker
Assurance Property Management & Realty Inc
List Price
$42,500
Sold Price
$36,500
Premium/Discount to List
-$6,000
-14.12%
Current Estimated Value
$104,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,882
Avg. Annual Appreciation
13.05%
Original Mortgage
$68,600
Interest Rate
3.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 10, 2015
Sold by
Marion Street Investments Llc
Bought by
Indiana 431 And 514 Land Trust

Purchase Details

Closed on
Jan 25, 2008
Sold by
Carpenter Shirley A
Bought by
Marion Street Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Interest Rate
6.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 27, 2007
Sold by
Shreiner Roger J and Shreiner June
Bought by
Carpenter Shirley A
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
Edgewater V Llc -- Fidelity Natl Title Co Llc
Aurora Capital Management Llc -- Fidelity Natl Title Co Llc
Indiana 431 And 514 Land Trust -- None Available
Marion Street Investments Llc -- Elko Title Corp
Carpenter Shirley A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edgewater V Llc $68,600
Previous Owner Marion Street Investments Llc $274,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2017 07/21/17 Sold $36,500 -14.1% $21 / Sq Ft
05/09/2017 05/09/17 Pending -- -- --
04/19/2017 04/19/17 For Sale $42,500 -- $25 / 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 $1,064 $50,000 $9,100 $40,900
2022 $313 $52,500 $9,100 $43,400
2021 $323 $52,200 $9,100 $43,100
2020 $328 $46,900 $9,100 $37,800
2019 $1,417 $42,600 $9,100 $33,500
2018 $944 $42,900 $9,100 $33,800
2017 $864 $39,100 $9,100 $30,000
2016 $842 $38,200 $9,100 $29,100
2014 $765 $35,900 $9,100 $26,800
2013 $806 $40,300 $9,100 $31,200
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Dan Brouillette

    Pheasant Ridge Realty

  • S

    Buyer's Agent in 2017

    Shelley Tucker

    Assurance Property Management & Realty Inc

    (574) 320-3300

    2 in this area

    63 Total Sales

    Shelley Tucker
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Map

Source: Indiana Regional MLS

MLS Number: 201716323

Indiana Regional MLS

APN: 20-06-08-128-002.000-012

Indiana Elkhart County Elkhart 46516 West Central

514 S 5th St, Elkhart, IN

This home is located at 514 S 5th St, Elkhart, IN 46516 since 19 April 2017 and is currently estimated at $104,382, approximately $61 per square foot. This property was built in 1900. 514 S 5th St is a home located in Elkhart County with nearby schools including Beardsley Elementary School, North Side Middle School, and Elkhart High School's Freshman Division.

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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