NOT LISTED FOR SALE

516 S 5th St Elkhart, IN 46516

West Central Neighborhood

Estimated Value: $76,082 - $171,000

7 Beds
4 Baths
2,680 Sq Ft
$40/Sq Ft Est. Value

Last Sold April 27, 2021

Last sale price $55,000 $21 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $653/month

3 Days on Market

About This Home

As of April 2021

This home is located at 516 S 5th St, Elkhart, IN 46516 since 07 April 2021 and is currently estimated at $108,271, approximately $40 per square foot. This property was built in 1900. 516 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.

Last Agent to Sell the Property

David Miller

Berkshire Hathaway HomeServices Elkhart Listed on: 04/07/2021

Berkshire Hathaway HomeServices Elkhart

Last Buyer's Agent

David Miller

Berkshire Hathaway HomeServices Elkhart Listed on: 04/07/2021

Berkshire Hathaway HomeServices Elkhart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $774

Year Built

  • Built in 1900

Lot Details

  • 3,746 Sq Ft Lot
  • Lot Dimensions are 45 x 83
  • Level Lot

Home Design

  • Quadruplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Carpet
  • Basement
  • Michigan Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for heating
  • Assessor Parcel Number 20-06-08-128-006.000-012

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$774

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1900
  • Age: 121
  • Style: Two Story
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: BEARDS 3RD 45FTX5R N END LOT 295
  • Parcel Number ID: 20-06-08-128-006.000-012
  • Platted: Yes
  • Amenities: Off Street Parking
  • Sp Lp Percent: 91.67
  • Monthly Gross Income: 2572
  • Special Features: None

Interior Features

  • Total Sq Ft: 2820
  • Total Finished Sq Ft: 2680
  • Above Grade Finished Sq Ft: 2680
  • Below Grade Sq Ft: 140
  • Price Per Sq Ft: 20.52
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 140
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Mary Feeser
  • Middle School: Pierre Moran
  • High School: Elkhart

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 45 x 83
  • Estimated Lot Sq Ft: 3746
  • Estimated Lot Size Acres: 0.086
  • Lot Number: 295

Rental Info

  • Lease Term: 1 Year
  • Tenant Pays: Heating

Tax Info

  • Total Assessed Value: 36000
  • Annual Property Tax: 774

Multi Family

  • Gross Monthly Rent: 2572
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of2 Bedrooms: 2
  • Number Of 3 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2021
Closed on
Apr 30, 2021
Sold by
Darling Enterprises Inc
Bought by
Vasco Realty Llc
Seller's Agent
David Miller
Berkshire Hathaway HomeServices Elkhart
Buyer's Agent
David Miller
Berkshire Hathaway HomeServices Elkhart
List Price
$60,000
Sold Price
$55,000
Premium/Discount to List
-$5,000
-8.33%
Current Estimated Value
$108,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,271
Avg. Annual Appreciation
16.56%

Purchase Details

Listed on
Apr 7, 2021
Closed on
Apr 27, 2021
Sold by
Darling Enterprises Inc
Bought by
Vasco Realty Llc
Seller's Agent
David Miller
Berkshire Hathaway HomeServices Elkhart
Buyer's Agent
David Miller
Berkshire Hathaway HomeServices Elkhart
List Price
$60,000
Sold Price
$55,000
Premium/Discount to List
-$5,000
-8.33%

Purchase Details

Closed on
Apr 30, 2014
Sold by
Bld Holdings Llc Inc
Bought by
Darling Enterprises Inc

Purchase Details

Closed on
May 13, 2009
Sold by
Shreiner Roger J and Shreiner June E
Bought by
Bld Holdings Llc

Purchase Details

Closed on
Jul 1, 2004
Sold by
Bank One Na
Bought by
Shreiner Roger J and Shreiner June E

Purchase Details

Closed on
Jan 20, 2004
Sold by
Carmichael Gary E and Carmichael Stacy L
Bought by
Bank One Na and The First National Bank Of Chicago
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
Vasco Realty Llc -- Near North Title Group
Vasco Realty Llc $55,000 Near North Title Group
Darling Enterprises Inc -- None Available
Bld Holdings Llc -- None Available
Shreiner Roger J -- Investors Titlecorp
Bank One Na $63,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2021 04/27/21 Sold $55,000 -8.3% $21 / Sq Ft
04/10/2021 04/10/21 Pending -- -- --
04/07/2021 04/07/21 For Sale $60,000 -- $22 / 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 $952 $53,400 $10,100 $43,300
2022 $1,254 $48,700 $10,100 $38,600
2021 $881 $42,700 $10,100 $32,600
2020 $937 $42,700 $10,100 $32,600
2019 $789 $36,000 $3,400 $32,600
2018 $792 $35,900 $3,400 $32,500
2017 $786 $35,500 $3,400 $32,100
2016 $784 $35,500 $3,400 $32,100
2014 $750 $35,200 $3,400 $31,800
2013 $844 $42,200 $10,400 $31,800
Source: Public Records

Agents Affiliated with this Home

  • David Miller

    Seller's Agent in 2021

    David Miller

    Berkshire Hathaway HomeServices Elkhart

    (574) 596-4835

    4 in this area

    314 Total Sales

    David Miller
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Map

Source: Indiana Regional MLS

MLS Number: 202111922

Indiana Regional MLS

APN: 20-06-08-128-006.000-012

Indiana Elkhart County Elkhart 46516 West Central

516 S 5th St, Elkhart, IN

This home is located at 516 S 5th St, Elkhart, IN 46516 since 07 April 2021 and is currently estimated at $108,271, approximately $40 per square foot. This property was built in 1900. 516 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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