NOT LISTED FOR SALE

525 W Lexington Ave Elkhart, IN 46516

West Central Neighborhood

Estimated Value: $124,000 - $156,006

3 Beds
1 Bath
1,830 Sq Ft
$74/Sq Ft Est. Value

Last Sold July 26, 2019

Last sale price $96,000 $52 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $791/month

2 Days on Market

Highlights

  • Primary Bedroom Suite
  • Formal Dining Room
  • Built-in Bookshelves
  • 0.33 Acre Lot
  • Double Pane Windows
  • 3-minute walk to Geroldean Thursby Memorial Tot Lot

About This Home

As of July 2019

So much charm! This fantastic historic home has been completely remodeled and has it all. Exposed brick, tin ceilings, Brand new kitchen with granite counter tops, main level laundry, 10 ft ceilings. In the last 4 years all the majors: new windows, new roof, new furnace, new a/c, updated electric, new appliances, fresh paint. Close to down town and right next to the river this home has used as a office prior but now converted back to home. Has so much parking and full parking lot. Use as home or office, or live and part and work in the other! The opportunities are amazing with R-5 zoning all set to go with just conditional use permit.

Last Agent to Sell the Property

Tara Lochmandy

Cressy & Everett- Goshen Listed on: 06/19/2019

Cressy & Everett- Goshen

Last Buyer's Agent

Lisa Schrock

Berkshire Hathaway HomeServices Elkhart

Berkshire Hathaway HomeServices Elkhart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $706

Year Built

  • Built in 1900

Lot Details

  • 0.33 Acre Lot
  • Privacy Fence
  • Landscaped
  • Level Lot
  • Historic Home
  • Property is zoned R-1 One Family Dwelling District, Condition uses permited

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 1.5-Story Property
  • Built-in Bookshelves
  • Woodwork
  • Double Pane Windows
  • Entrance Foyer
  • Formal Dining Room
  • Home Security System
  • Disposal
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 1 Full Bathroom

Partially Finished Basement

  • Michigan Basement
  • Stone or Rock in Basement

Parking

  • Driveway
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient HVAC
  • ENERGY STAR Qualified Equipment for Heating

Location

  • Suburban Location

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • ENERGY STAR Qualified Air Conditioning
  • Heating System Uses Gas
  • ENERGY STAR Qualified Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 20-06-05-376-005.000-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$706

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1900
  • Style: One and Half Story
  • Architectural Style: Historic
  • Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: BEARDSLEYS 2ND S & WESTERN 82.5FT X 57FT NE LOT 159 & 16 1/2FT X 120FT NW COR LOT 157 & PT SEC 5 ADJ W .210A & BEARDS 2ND S & WESTERN 33X38FT NW COR LOT 159 INCL PT; VAC ALLEY
  • Parcel Number ID: 20-06-05-376-005.000-012
  • Platted: Yes
  • Amenities: Alarm System-Security, Built-In Bookcase, Cable Ready, Closet(s) Walk-in, Disposal, Foyer Entry, Landscaped, Natural Woodwork, Near Walking Trail, Main Level Bedroom Suite, Formal Dining Room, Main Floor Laundry
  • Cross Street: Vistula St
  • Improvmnts In Last5 Yrs: Yes
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Parcel Id2: 20-06-05-376-021.000-012
  • Zoning Description: Condition uses permited
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2140
  • Total Finished Sq Ft: 1830
  • Above Grade Finished Sq Ft: 1830
  • Below Grade Sq Ft: 310
  • Basement: Yes
  • Basement Foundation: Michigan Basement, Partial Basement
  • Basement Material: Brick, Stone
  • Living Great Room: On Level: Main
  • Kitchen: On Level: Main
  • Breakfast Room: On Level: Main
  • Dining Room: On Level: Main
  • Den: Dimensions: 11x16, On Level: Main
  • Bedroom 1: Dimensions: 15x13, On Level: Main
  • Bedroom 2: Dimensions: 12x14, On Level: Upper
  • Bedroom 3: Dimensions: 13x20, On Level: Upper
  • Main Level Sq Ft: 1320
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 310

Exterior Features

  • Exterior: Brick
  • Outbuilding1: None
  • Fence: Privacy

Garage/Parking

  • Driveway: Concrete
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Hvac: Energy Star A/C, Energy Star Heating

Schools

  • Elementary School: Beardsley

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 90 x 161 & 38x36x196
  • Estimated Lot Sq Ft: 14375
  • Estimated Lot Size Acres: 0.33

Green Features

  • Energy Efficient: HVAC, Windows, Water Heater
  • Energy Efficient Windows/Doors: Double Pane Windows

Tax Info

  • Annual Taxes: 706.4
  • Exemptions: Homestead

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

Listed on
Jun 19, 2019
Closed on
Jul 30, 2019
Sold by
Kenney John W
Bought by
Lipscomb John H and Lipscomb Serena M
Seller's Agent
Tara Lochmandy
Cressy & Everett- Goshen
Buyer's Agent
Lisa Schrock
Berkshire Hathaway HomeServices Elkhart
List Price
$89,900
Sold Price
$96,000
Premium/Discount to List
$6,100
6.79%
Current Estimated Value
$135,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,502
Avg. Annual Appreciation
5.55%
Original Mortgage
$93,120
Outstanding Balance
$81,406
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$54,096

Purchase Details

Closed on
Apr 23, 2014
Sold by
Bakshi Habib
Bought by
Kenney John W and Kenney Janet J

Purchase Details

Closed on
Dec 30, 2009
Sold by
Jcg Llc
Bought by
Garcia Juan C

Purchase Details

Closed on
Aug 31, 2005
Sold by
Elkhart Urban Enterprise Assn Inc
Bought by
Jcg Llc

Purchase Details

Closed on
Jun 22, 2001
Sold by
Allen Lois R
Bought by
Elkhart Urban Enterprises Assn Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,600
Interest Rate
7.18%

Purchase Details

Closed on
May 17, 2001
Sold by
Ronald O Allen Revocable Living Trust and Bollenbacher Melinda
Bought by
Allen Lois R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,600
Interest Rate
7.18%
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 Buyer Sale Price Title Company
Lipscomb John H $123,849 None Listed On Document
Kenney John W -- Meridian Title Corp
Garcia Juan C -- None Available
Jcg Llc -- Meridian Title Corp
Elkhart Urban Enterprises Assn Inc -- Meridian Title Corp
Allen Lois R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lipscomb John H $93,120
Previous Owner Elkhart Urban Enterprises Assn Inc $61,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2019 07/26/19 Sold $96,000 +6.8% $52 / Sq Ft
06/21/2019 06/21/19 Pending -- -- --
06/19/2019 06/19/19 For Sale $89,900 -- $49 / 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 $970 $97,700 $21,500 $76,200
2022 $862 $94,100 $21,500 $72,600
2021 $928 $91,900 $21,500 $70,400
2020 $771 $83,300 $21,500 $61,800
2019 $741 $77,200 $21,500 $55,700
2018 $752 $77,700 $21,500 $56,200
2017 $740 $75,900 $21,500 $54,400
2016 $674 $74,500 $21,500 $53,000
2014 $418 $79,700 $7,700 $72,000
2013 $2,334 $77,800 $7,700 $70,100
Source: Public Records

Agents Affiliated with this Home

  • Tara Lochmandy

    Seller's Agent in 2019

    Tara Lochmandy

    Cressy & Everett- Goshen

    (574) 849-4220

    123 Total Sales

    Tara Lochmandy
    Section Image
  • Lisa Schrock

    Buyer's Agent in 2019

    Lisa Schrock

    Berkshire Hathaway HomeServices Elkhart

    (574) 538-9366

    1 in this area

    463 Total Sales

    Lisa Schrock
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201925404

Indiana Regional MLS

APN: 20-06-05-376-005.000-012

Indiana Elkhart County Elkhart 46516 West Central

525 W Lexington Ave, Elkhart, IN

Not Listed for Sale

Detached

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