NOT LISTED FOR SALE

520 Sherman St Elkhart, IN 46516

Sherman Neighborhood

Estimated Value: $124,000 - $150,000

4 Beds
2 Baths
1,760 Sq Ft
$78/Sq Ft Est. Value

Last Sold May 19, 2017

Last sale price $40,000 $23 Per Sq Ft

Est. 242% increase in value since last sale

Current estimated payment $869/month

9 Days on Market

Highlights

  • Traditional Architecture
  • Partially Carpeted
  • 2-minute walk to Langle Park
  • Forced Air Heating and Cooling System
  • Level Lot

About This Home

As of May 2017

Great, established 2-unit income property now available. Long term tenants! 2 units with 2 bedrooms in each. Updated furnace and AC. Includes an extra lot for parking! Seller will consider land contract for the right buyer. Currently owner pays all utilities.

Last Agent to Sell the Property

Brad Beer

Heart City Realty LLC Listed on: 04/22/2017

Last Buyer's Agent

Brad Beer

Heart City Realty LLC Listed on: 04/22/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $930

Year Built

  • Built in 1900

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 80 x 98
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Partially Carpeted
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Gravel Driveway
  • Parking Lot
  • Off-Street Parking

Location

  • Suburban Location

Utilities

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

Listing and Financial Details

  • The owner pays for building insurance, electric, heating, maintenance, tax, water
  • Assessor Parcel Number 20-06-05-161-018.000-012

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Electric Expense $1,337
  • Fuel Expense $1,172
  • Insurance Expense $832
  • Maintenance Expense $105
  • Water Sewer Expense $460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$930

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: DUNBARS ADD DUNBAR W1/2 S1/2; LOT 31
  • Parcel Number ID: 20-06-05-161-018.000-012
  • Platted: Yes
  • Amenities: Basement, Off Street Parking
  • Legal Description2: DUNB S1/2 E1/2 LOT 31
  • Location: City/Town/Suburb
  • Parcel Id2: 200605161019000012
  • Special Features: None

Interior Features

  • Total Sq Ft: 2640
  • Total Finished Sq Ft: 1760
  • Above Grade Finished Sq Ft: 1760
  • Below Grade Sq Ft: 880
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Part Carpet
  • Total Below Grade Sq Ft: 880
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 6
  • Parking: Gravel, Lot, Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1337
  • Annual Fuel Expense: 1172
  • Annual Insurance Expense: 832
  • Annual Maintenance Expense: 105
  • Annual Water Sewer Expense: 460

Condo/Co-op/Association

  • Pet Restrictions: Yes

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 80 x 98
  • Estimated Lot Sq Ft: 7841
  • Estimated Lot Size Acres: 0.18

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Electric, Heating, Maintenance, Tax, Water

Tax Info

  • Annual Property Tax: 930

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2017
Closed on
May 19, 2017
Sold by
Swihart Michael G and Swihart Beren L
Bought by
Hankins Jackie Keith and 520 Sherman Land Trust
Seller's Agent
Brad Beer
Heart City Realty LLC
Buyer's Agent
Brad Beer
Heart City Realty LLC
List Price
$39,900
Sold Price
$40,000
Premium/Discount to List
$100
0.25%
Current Estimated Value
$136,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,647
Avg. Annual Appreciation
15.43%

Purchase Details

Closed on
May 18, 2001
Sold by
Wetzel Voris L and Wetzel Patricia M
Bought by
Swihart Michael G and Swihart Bevan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.02%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hankins Jackie Keith -- None Available
Swihart Michael G -- Cripe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Swihart Michael G $52,000
Closed Hankins Jackie Keith $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2017 05/19/17 Sold $40,000 +0.3% $23 / Sq Ft
05/01/2017 05/01/17 Pending -- -- --
04/22/2017 04/22/17 For Sale $39,900 -- $23 / 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 $1,823 $71,400 -- $71,400
2022 $1,823 $56,100 $8,400 $47,700
2021 $1,153 $56,100 $8,400 $47,700
2020 $1,226 $56,100 $8,400 $47,700
2019 $832 $38,000 $2,400 $35,600
2018 $771 $34,900 $2,400 $32,500
2017 $764 $34,500 $2,700 $31,800
2016 $762 $34,500 $2,700 $31,800
2014 $735 $34,500 $2,700 $31,800
2013 $778 $38,900 $10,100 $28,800
Source: Public Records

Agents Affiliated with this Home

  • Brad Beer

    Seller's Agent in 2017

    Brad Beer

    Heart City Realty LLC

    (574) 875-5149

    2 in this area

    332 Total Sales

    Brad Beer
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Map

Source: Indiana Regional MLS

MLS Number: 201717340

Indiana Regional MLS

APN: 20-06-05-161-018.000-012

Indiana Elkhart County Elkhart 46516 Sherman

520 Sherman St, Elkhart, IN

Not Listed for Sale

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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