NOT LISTED FOR SALE

514 Somerset Ave Mishawaka, IN 46544

Estimated Value: $114,000 - $145,000

2 Beds
1 Bath
768 Sq Ft
$166/Sq Ft Est. Value

Last Sold July 31, 2015

Last sale price $26,400 $34 Per Sq Ft

Est. 383% increase in value since last sale

Current estimated payment $757/month

32 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Carpet
  • Covered Patio or Porch

About This Home

As of July 2015

Take a look at this 2 bedroom 1 bathroom home in beautiful Mishawaka. This home is within blocks to multiple schools, shopping, and the river walk. Big ticket items like siding and windows are already newer. With this home sitting on a nice quiet street, with a little bit of TLC on the inside, this could be the home you've been waiting for. Call today to schedule your showing and to find out how to buy this home for a down payment of just $100!!!

Last Agent to Sell the Property

Ryan Scott

Re/Max County Wide 1st Listed on: 06/04/2015

Last Buyer's Agent

Chris Warter

Premier Properties of Michiana Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $282

Year Built

  • Built in 1926

Lot Details

  • 4,800 Sq Ft Lot
  • Lot Dimensions are 40 x120

Home Design

  • Ranch Style House
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 71-09-17-336-007.000-023

Home Details

Home Type

Single Family

Est. Annual Taxes

$282

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1926
  • Age: 89
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 5
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: LOT 61 FLORAL PARK ADD
  • Parcel Number ID: 71-09-17-336-007.000-023
  • Platted: Yes
  • Amenities: Porch Covered
  • Location: City/Town/Suburb
  • Sp Lp Percent: 98.51
  • Special Features: None

Interior Features

  • Total Sq Ft: 1536
  • Total Finished Sq Ft: 768
  • Above Grade Finished Sq Ft: 768
  • Below Grade Sq Ft: 768
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Bedroom 1: Dimensions: 11x12, On Level: Main
  • Bedroom 2: Dimensions: 10x10, On Level: Main
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 768

Exterior Features

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

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City

Schools

  • School District: School City of Mishawaka
  • Elementary School: Lasalle
  • Middle School: John Young
  • High School: Mishawaka

Lot Info

  • Lot Dimensions: 40 x120
  • Estimated Lot Sq Ft: 4800
  • Estimated Lot Size Acres: 0.1102

Tax Info

  • Annual Taxes: 282.16
  • Exemptions: Homestead, Mortgage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2016
Sold by
Korson Inc
Bought by
Vinnedge Paul Dean
Current Estimated Value
$127,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,590
Outstanding Balance
$36,404
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$91,062

Purchase Details

Listed on
Jun 4, 2015
Closed on
Jul 31, 2015
Sold by
Hud
Bought by
Korson Inc
Seller's Agent
Ryan Scott
Re/Max County Wide 1st
Buyer's Agent
Chris Warter
Premier Properties of Michiana Inc.
List Price
$26,800
Sold Price
$26,400
Premium/Discount to List
-$400
-1.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.71%

Purchase Details

Closed on
Sep 26, 2014
Sold by
Citimortgage Inc
Bought by
Hud

Purchase Details

Closed on
Sep 4, 2014
Sold by
St Joseph County Sheriff
Bought by
Citimortgage Inc

Purchase Details

Closed on
Jul 25, 2005
Sold by
Carpenter Jackie L
Bought by
Hairson Marie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,415
Interest Rate
5.71%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Vinnedge Paul Dean -- Metropolitan Title
Korson Inc -- Metropolitan Title
Hud -- --
Citimortgage Inc -- --
Hairson Marie M -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vinnedge Paul Dean $45,590
Previous Owner Hairson Marie M $65,415
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2015 07/31/15 Sold $26,400 -1.5% $34 / Sq Ft
07/06/2015 07/06/15 Pending -- -- --
06/04/2015 06/04/15 For Sale $26,800 -- $35 / 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 $934 $102,400 $18,200 $84,200
2023 $934 $90,600 $18,200 $72,400
2022 $966 $90,600 $18,200 $72,400
2021 $722 $77,700 $11,400 $66,300
2020 $555 $66,300 $9,500 $56,800
2019 $493 $59,100 $8,500 $50,600
2018 $426 $52,200 $7,500 $44,700
2017 $445 $51,700 $7,500 $44,200
2016 $547 $51,800 $7,500 $44,300
2014 $282 $40,000 $7,500 $32,500
2013 -- $40,000 $7,500 $32,500
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Ryan Scott

    RE/MAX

  • Chris Warter

    Buyer's Agent in 2015

    Chris Warter

    Premier Properties of Michiana Inc.

    (574) 329-0463

    3 in this area

    13 Total Sales

    Chris Warter
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201525990

Indiana Regional MLS

APN: 71-09-17-336-007.000-023

Indiana St Joseph County Mishawaka 46544

514 Somerset Ave, Mishawaka, IN

This home is located at 514 Somerset Ave, Mishawaka, IN 46544 since 04 June 2015 and is currently estimated at $127,466, approximately $165 per square foot. This property was built in 1926. 514 Somerset Ave is a home located in St. Joseph County with nearby schools including Lasalle Elementary School, John J. Young Middle School, and Mishawaka 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.

Nearby Homes