NOT LISTED FOR SALE

539 W 6th St Unit 4 Mishawaka, IN 46544

Estimated Value: $222,000 - $250,148

4 Beds
4 Baths
3,087 Sq Ft
$76/Sq Ft Est. Value

Last Sold July 30, 2024

Last sale price $245,000 $79 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,562/month

14 Days on Market

Highlights

  • A-Frame Home
  • 2 Car Garage
  • Level Lot
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

on't miss this opportunity to own this four plex! It's just a few blocks from downtown Mishawaka and the River walk! All 4 units are 1 bedroom, 1 bath and all occupied at this time. One of the units was recently remodeled. Has a 2 car garage.

Last Agent to Sell the Property

Jackie Stevenson

Choice Property Management & Realty Group Listed on: 05/20/2024

Last Buyer's Agent

Jackie Stevenson

Choice Property Management & Realty Group Listed on: 05/20/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,789

Year Built

  • Built in 1890

Lot Details

  • 5,981 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • A-Frame Home
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laundry in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Basement

  • Michigan Basement
  • Block Basement Construction

Parking

  • 2 Car Garage
  • Dirt Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Lasalle Elementary School
  • John Young Middle School
  • Mishawaka High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for building insurance, electric, fuel
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, snow removal, tax, trash collection, water
  • Assessor Parcel Number 71-09-16-336-005.000-023

Community Details

Overview

  • 4 Units
  • Krillenberger Subdivision

Building Details

  • Insurance Expense $2,400
  • Maintenance Expense $500
  • Water Sewer Expense $2,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,789

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1890
  • Age: 134
  • Style: Two Story
  • Architectural Style: A-Frame
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: # of Buildings: 1 Land Sq. Ft: 5,981 Legal Lot Number: 7 Municipality Name: PENN TOWNSHIP Acres: 0.1373 Depth Footage: 115 Front Footage: 52
  • Parcel Number ID: 71-09-16-336-005.000-023
  • Platted: Yes
  • Amenities: Basement, Off Street Parking
  • Cross Street: Wells & West St
  • Inside City Limits: Yes
  • Sp Lp Percent: 98
  • Annual Miscellaneous: 400
  • Monthly Gross Income: 3075
  • Year Taxes Payable: 3788.70
  • Special Features: None

Interior Features

  • Total Sq Ft: 4479
  • Total Finished Sq Ft: 3087
  • Above Grade Finished Sq Ft: 3087
  • Above Grade Unfinished Sq Ft: 912
  • Below Grade Sq Ft: 480
  • Price Per Sq Ft: 79.37
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Basement Material: Block
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 480
  • Number Of Ranges Ovens: 4

Exterior Features

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

Garage/Parking

  • Driveway: Dirt
  • Number Of Parking Spaces: 4
  • Parking: Off Street, Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Mishawaka Utility
  • Gas Company: NIPSCO
  • Water Company: Mishawaka Utility
  • Annual Insurance Expense: 2400
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 2160
  • Number Of W D Hookups: 1

Schools

  • School District: School City of Mishawaka
  • Elementary School: Lasalle
  • Middle School: John Young
  • High School: Mishawaka
  • Elementary School: Lasalle

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 5,981
  • Estimated Lot Sq Ft: 5981
  • Estimated Lot Size Acres: 0.1373

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water
  • Tenant Pays: Building Insurance, Electric, Fuel

Multi Family

  • Gross Monthly Rent: 3075
  • Number Of Dryers: 1
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 4
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 3788.7

MLS Schools

  • High School: Mishawaka
  • Middle School: John Young
  • School District: School City of Mishawaka

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2024
Closed on
Jul 17, 2024
Sold by
Moore Robert
Bought by
Dominguez Sebastian
Seller's Agent
Jackie Stevenson
Choice Property Management & Realty Group
Buyer's Agent
Jackie Stevenson
Choice Property Management & Realty Group
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%
Views
13
Current Estimated Value
$235,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,213
Avg. Annual Appreciation
-3.31%
Original Mortgage
$232,750
Outstanding Balance
$230,176
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$5,611

Purchase Details

Closed on
Nov 10, 2020
Sold by
South Bend Real Estate 3 Llc
Bought by
Moore Robert

Purchase Details

Closed on
Nov 6, 2020
Sold by
South Bend Real Estate 3 Llc
Bought by
Moore Robert

Purchase Details

Closed on
Nov 5, 2020
Sold by
South Bend Real Estate 3 Llc
Bought by
Moore Robert

Purchase Details

Closed on
Sep 1, 2011
Sold by
Teachers Credit Union
Bought by
South Bend Real Estate 3 Llc

Purchase Details

Closed on
Dec 9, 2009
Sold by
Jsm4jc Investment Properties Llc
Bought by
Teachers Credit Union
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
Dominguez Sebastian $245,000 Title Resource Agency
Moore Robert -- Metropolitan Title
Moore Robert -- Metropolitan Title
Moore Robert -- Metropolitan Title
Moore Robert -- Metropolitan Title
South Bend Real Estate 3 Llc -- Metropolitan Title In Llc
Teachers Credit Union -- Metropolitan Title In Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dominguez Sebastian $232,750
Previous Owner Moore Robert $96,600
Previous Owner Jsm4jc Investment Properties Llc $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2024 07/30/24 Sold $245,000 -2.0% $79 / Sq Ft
06/03/2024 06/03/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $250,000 -- $81 / 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 $3,789 $187,000 $19,600 $167,400
2023 $3,812 $161,400 $19,600 $141,800
2022 $3,812 $162,500 $19,600 $142,900
2021 $2,695 $114,300 $9,500 $104,800
2020 $3,004 $127,000 $10,600 $116,400
2019 $2,882 $121,300 $10,100 $111,200
2018 $3,433 $115,600 $9,500 $106,100
2017 $3,658 $114,200 $9,500 $104,700
2016 $2,617 $85,500 $9,500 $76,000
2014 $2,282 $84,400 $9,500 $74,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202417884

Indiana Regional MLS

APN: 71-09-16-336-005.000-023