$101,175
SOLD MAY 29, 2025

520 Jefferson St Elkhart, IN 46516

Sherman Neighborhood
6 Beds
3 Baths
4,312 Sq Ft
4,835 Sq Ft Lot

Recently Sold

$23 Per Sq Ft

28% Below List Price

38 Days on Market

Highlights

  • Wood Flooring
  • Garage
  • 2-minute walk to Geroldean Thursby Memorial Tot Lot
  • Baseboard Heating
  • Level Lot

About This Home

As of May 2025

INVESTOR ALERT-3 unit with 2 currently rented on a month to month lease. Tenants pay utilites. Home is sold "AS IS". Home can be purchased as a pkg deal with additional properties. 48 hrs notice to show

Last Agent to Sell the Property

Dianna Morningstar

McKinnies Realty, LLC Elkhart Brokerage Phone: 574-238-1343 Listed on: 03/15/2025

McKinnies Realty, LLC Elkhart

Last Buyer's Agent

Cynthia Acosta

Century 21 Circle

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,495

Year Built

  • Built in 1900

Lot Details

  • 4,835 Sq Ft Lot
  • Lot Dimensions are 41x118
  • Block Wall Fence
  • Level Lot

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Basement

  • Michigan Basement
  • Block Basement Construction
  • 3 Bedrooms in Basement

Parking

  • Garage
  • On-Street Parking

Schools

  • Beardsley Elementary School
  • North Side Middle School
  • Elkhart High School

Additional Features

  • Outbuilding
  • Baseboard Heating

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electric, sewer, water
  • Assessor Parcel Number 20-06-05-327-030.000-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,495

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Style: One and Half Story
  • Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: UPHAMS W1/2 LOT 10
  • Parcel Number ID: 20-06-05-327-030.000-012
  • Platted: Yes
  • Number Below Grade Bedrooms: 3
  • Special Features: None

Interior Features

  • Total Sq Ft: 5748
  • Total Finished Sq Ft: 4312
  • Above Grade Finished Sq Ft: 2156
  • Below Grade Finished Sq Ft: 2156
  • Below Grade Sq Ft: 1436
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl, Wood
  • Total Below Grade Sq Ft: 3592
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Fence: Block
  • Stories: 1.5
  • Outbuilding: Outbuilding
  • Outbuilding Sq Ft: 280

Garage/Parking

  • Parking: Garage, Street

Utilities

  • Heating Fuel: Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Indiana Michigan Power

Schools

  • Elementary School: Beardsley

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 41X118
  • Estimated Lot Sq Ft: 4835
  • Estimated Lot Size Acres: 0.11
  • Lot Number: 10

Rental Info

  • Lease Term: Month to Month
  • Tenant Pays: Electric, Sewer, Water

Tax Info

  • Annual Property Tax: 1494.9

Multi Family

  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1

MLS Schools

  • High School: Elkhart
  • Middle School: North Side
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2025
Closed on
May 29, 2025
Sold by
Bell Virginia R and Rushing Virginia R
Bought by
Fc Properties Llc
Seller's Agent
Dianna Morningstar
McKinnies Realty, LLC Elkhart
Buyer's Agent
Cynthia Acosta
Century 21 Circle
List Price
$139,900
Sold Price
$101,175
Premium/Discount to List
-$38,725
-27.68%
Views
69
Current Estimated Value
$122,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,356
Avg. Annual Appreciation
43.53%
Original Mortgage
$360,000
Outstanding Balance
$356,424
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$233,893
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed -- Fidelity National Title Compan
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2025 05/29/25 Sold $101,175 -25.0% $23 / Sq Ft
04/22/2025 04/22/25 Pending -- -- --
04/12/2025 04/12/25 Price Changed $134,900 -3.6% $31 / Sq Ft
03/15/2025 03/15/25 For Sale $139,900 -- $32 / 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 $1,495 $77,300 $11,400 $65,900
2022 $1,495 $63,700 $11,400 $52,300
2021 $1,215 $59,200 $11,400 $47,800
2020 $1,293 $59,200 $11,400 $47,800
2019 $729 $33,200 $3,500 $29,700
2018 $1,314 $60,000 $11,400 $48,600
2017 $1,235 $56,200 $11,400 $44,800
2016 $1,210 $55,200 $11,400 $43,800
2014 $1,102 $51,700 $11,400 $40,300
2013 $1,168 $58,400 $11,400 $47,000
Source: Public Records

Agents Affiliated with this Home

  • Dianna Morningstar

    Seller's Agent in 2025

    Dianna Morningstar

    McKinnies Realty, LLC Elkhart

    (574) 238-1343

    3 in this area

    80 Total Sales

    Dianna Morningstar
    Section Image
  • Cynthia Acosta

    Buyer's Agent in 2025

    Cynthia Acosta

    Century 21 Circle

    (574) 575-9348

    6 in this area

    222 Total Sales

    Cynthia Acosta
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202508422

Indiana Regional MLS

APN: 20-06-05-327-030.000-012

Indiana Elkhart County Elkhart 46516 Sherman

520 Jefferson St, Elkhart, IN

Sold

MultiFamily

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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