NOT LISTED FOR SALE

521 Virginia Ave Elkhart, IN 46516

Tipton Area Neighborhood

Estimated Value: $103,000 - $180,000

5 Beds
3 Baths
2,292 Sq Ft
$62/Sq Ft Est. Value

Last Sold December 21, 2015

Last sale price $34,000 $15 Per Sq Ft

Est. 320% increase in value since last sale

Current estimated payment $912/month

35 Days on Market

Highlights

  • 0.38 Acre Lot
  • Carpet
  • 4-minute walk to Ludgwig Corner
  • Forced Air Heating System

About This Home

As of December 2015

3 unit apartment building and vacant lot. All units currently rented. Each unit is metered separate for electric. Newer vinyl siding and mechanicals. Nice building for the money.

Last Agent to Sell the Property

Shelley Tucker

Assurance Property Management & Realty Inc Listed on: 10/14/2015

Last Buyer's Agent

Joshua Schirr

McKinnies Realty, LLC Elkhart

McKinnies Realty, LLC Elkhart

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 132 x 252
  • Sloped Lot

Home Design

  • Triplex
  • Converted Dwelling
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Washer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Exterior Basement Entry
  • Block Basement Construction

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Mary Beck Elementary School
  • North Side Middle School
  • Elkhart Central High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, deposit value
  • The owner pays for electric, heating, lawn maintenance, snow removal, sewer, water
  • Assessor Parcel Number 20-06-04-364-007.000-012

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 2 Separate Water Meters
  • Electric Expense $1,873
  • Fuel Expense $1,019
  • Insurance Expense $1,200
  • Maintenance Expense $500
  • Water Sewer Expense $1,181

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 115
  • Style: One and Half Story
  • Architectural Style: Converted House
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: BEESONS 2ND LOT 67; (TIF 110) S M BEESONS 2ND LOT 66; (TIF 110) |
  • Parcel Number ID: 20-06-04-364-007.000-012
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Detector-Carbon Monoxide, Detector-Smoke, Washer Hook-Up
  • Location: City/Town/Suburb
  • Parcel Id2: 200604364008000012
  • Sp Lp Percent: 87.18
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 1713
  • Year Taxes Payable: 2014
  • Special Features: None

Interior Features

  • Total Sq Ft: 2792
  • Total Finished Sq Ft: 2292
  • Above Grade Finished Sq Ft: 2292
  • Below Grade Sq Ft: 500
  • Price Per Sq Ft: 14.83
  • Basement: Yes
  • Basement Foundation: Outside Entrance Only, Partial Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1470
  • Total Below Grade Sq Ft: 500
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 3
  • Parking: Off Street, Street

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Annual Electric: 1873.41
  • Annual Fuel Expense: 1018.54
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 1180.64
  • Number Electric Meters: 3
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Mary Beck
  • Middle School: North Side
  • High School: Elkhart Central
  • Elementary School: Mary Beck

Lot Info

  • Lot Description: Slope
  • Lot Dimensions: 132 x 252
  • Estimated Lot Sq Ft: 16631
  • Estimated Lot Size Acres: 0.3818
  • Expiration Of Permit: 08/01/2016

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Heating, Lawn Maintenance, Snow Removal, Sewer, Water
  • Tenant Pays: Cable, Deposit Value

Multi Family

  • Gross Monthly Rent: 1713
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1202.8

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2024
Sold by
Jawad Real Estate Llc
Bought by
Saladin Realty Group Llc
Current Estimated Value
$142,817

Purchase Details

Closed on
Feb 13, 2020
Sold by
Abdaljawad Sadeg
Bought by
Jawad Real Estate Llc

Purchase Details

Listed on
Oct 14, 2015
Closed on
Dec 21, 2015
Sold by
Troyer Gavin
Bought by
Abdaljawad Sadeg
Seller's Agent
Shelley Tucker
Assurance Property Management & Realty Inc
Buyer's Agent
Joshua Schirr
McKinnies Realty, LLC Elkhart
List Price
$39,000
Sold Price
$34,000
Premium/Discount to List
-$5,000
-12.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.92%

Purchase Details

Closed on
Dec 18, 2012
Sold by
Fannie Mae
Bought by
Troyer Gavin

Purchase Details

Closed on
Jun 27, 2012
Sold by
Nissley Laural D and Nissley Geraldine R
Bought by
Fannie Mae

Purchase Details

Closed on
Jan 21, 2002
Sold by
Carmichael Gary and Carmichael Stacy L
Bought by
Nissley Laural D and Nissley Geraldine R
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
Saladin Realty Group Llc -- None Listed On Document
Jawad Real Estate Llc -- Fidelity National Title Llc
Abdaljawad Sadeg -- None Available
Troyer Gavin -- Title One
Fannie Mae $95,514 None Available
Nissley Laural D -- Metropolitan Title Indiana L
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2015 12/21/15 Sold $34,000 -12.8% $15 / Sq Ft
11/18/2015 11/18/15 Pending -- -- --
10/14/2015 10/14/15 For Sale $39,000 -- $17 / 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 $1,561 $80,600 $14,500 $66,100
2022 $1,561 $52,900 $9,500 $43,400
2021 $1,090 $52,900 $9,500 $43,400
2020 $1,159 $52,900 $9,500 $43,400
2019 $1,015 $46,500 $4,300 $42,200
2018 $1,022 $46,500 $4,300 $42,200
2017 $1,024 $46,500 $4,300 $42,200
2016 $1,022 $46,500 $4,300 $42,200
2014 $953 $44,700 $4,300 $40,400
2013 $1,124 $56,200 $12,700 $43,500
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Shelley Tucker

    Assurance Property Management & Realty Inc

    (574) 320-3300

    62 Total Sales

    Section Image
  • Joshua Schirr

    Buyer's Agent in 2015

    Joshua Schirr

    McKinnies Realty, LLC Elkhart

    (574) 606-7771

    101 Total Sales

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Map

Source: Indiana Regional MLS

MLS Number: 201548392

Indiana Regional MLS

APN: 20-06-04-364-007.000-012

Indiana Elkhart County Elkhart 46516 Tipton Area

521 Virginia Ave, Elkhart, IN

This home is located at 521 Virginia Ave, Elkhart, IN 46516 since 14 October 2015 and is currently estimated at $141,936, approximately $61 per square foot. This property was built in 1900. 521 Virginia Ave is a home located in Elkhart County with nearby schools including Mary Beck Elementary School, Pierre Moran 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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