NOT LISTED FOR SALE

54225 Terrace Ln South Bend, IN 46635

Estimated Value: $183,000 - $193,000

3 Beds
1 Bath
961 Sq Ft
$197/Sq Ft Est. Value

Last Sold May 02, 2019

Last sale price $107,000 $111 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $1,102/month

11 Days on Market

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • Bathtub with Shower
  • Adams High School Rated A-
  • 2 Car Detached Garage
  • 1-Story Property

About This Home

As of May 2019

Lovely 3 bedroom home close to ND campus, 1 block to Little Flower Church. All appliances including washer and dryer. Interior has hardwood floors and a semi-finished basement. Limited interior photos due to tenant privacy. Large 2 car garage plus a storage shed in rear. See agent remarks

Last Agent to Sell the Property

Jan McGregor

Freedom Realty Partners Listed on: 03/24/2019

Last Buyer's Agent

Matt Miller

Realty Group Resources

Realty Group Resources

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,871

Year Built

  • Built in 1940

Lot Details

  • 9,901 Sq Ft Lot
  • Lot Dimensions are 60 x 165
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1-Story Property
  • Wood Flooring
  • Pull Down Stairs to Attic

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Schools

  • Tarkington Elementary School
  • Edison Middle School
  • Adams High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Septic System

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Community Details

  • Maple Lane Subdivision

Listing and Financial Details

  • Assessor Parcel Number 71-04-32-105-023.000-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,871

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1940
  • Age: 79
  • Style: One Story
  • Total Number of Rooms: 6
  • Total Number of Rooms Below Grade: 1
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Lot 85 Maple Lane
  • Parcel Number ID: 71-04-32-105-023.000-003
  • Platted: Yes
  • Amenities: Attic Pull Down Stairs, Porch Covered, Tub/Shower Combination
  • Location: City/Town/Suburb, Near College Campus
  • Sp Lp Percent: 97.36
  • Year Taxes Payable: 2017
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1682
  • Total Finished Sq Ft: 961
  • Above Grade Finished Sq Ft: 961
  • Below Grade Sq Ft: 721
  • Price Per Sq Ft: 111.34
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Hardwood Floors
  • Living Great Room: Dimensions: 17x15, On Level: Main
  • Kitchen: Dimensions: 14x13, On Level: Main
  • Bedroom 1: Dimensions: 13x10, On Level: Main
  • Bedroom 2: Dimensions: 13x10, On Level: Main
  • Bedroom 3: Dimensions: 10x10, On Level: Main
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 721

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: Shed, Dimensions: 8x5

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 30x24
  • Garage Sq Ft: 720
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Well Type: Private

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Tarkington
  • Middle School: Edison
  • High School: Adams
  • Elementary School: Tarkington

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 60 x 165
  • Estimated Lot Sq Ft: 9901
  • Estimated Lot Size Acres: 0.2273
  • Lot Number: 85

Tax Info

  • Annual Taxes: 1871
  • Total Assessed Value: 80400

MLS Schools

  • High School: Adams
  • Middle School: Edison
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2019
Closed on
May 10, 2019
Sold by
Alan Bakke Joseph and Alan May-Britt
Bought by
Stick Benjamin R
Seller's Agent
Jan McGregor
Freedom Realty Partners
Buyer's Agent
Matt Miller
Realty Group Resources
List Price
$109,900
Sold Price
$107,000
Premium/Discount to List
-$2,900
-2.64%
Current Estimated Value
$189,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,068
Avg. Annual Appreciation
9.27%
Original Mortgage
$103,790
Outstanding Balance
$90,880
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$98,188

Purchase Details

Listed on
Mar 9, 2016
Closed on
Jun 7, 2016
Sold by
Walter Margaret
Bought by
Bekke Joseph Alan and Bekke Mary Britt
Seller's Agent
Sharon McDonald
RE/MAX 100
Buyer's Agent
Jan McGregor
Freedom Realty Partners
List Price
$79,900
Sold Price
$78,500
Premium/Discount to List
-$1,400
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.27%

Purchase Details

Closed on
Nov 27, 2014
Sold by
Walter Kurt R
Bought by
Walter Margaret A

Purchase Details

Closed on
Jul 31, 2006
Sold by
Wraight Donald E
Bought by
Water Margaret and Water Kurt
Source: Public Records

Range of Values:

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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
Stick Benjamin R -- Metropolitan Title
Bekke Joseph Alan -- Metropolitan Title
Walter Margaret A -- --
Walter Margaret A -- --
Water Margaret -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stick Benjamin R $103,790
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2019 05/02/19 Sold $107,000 -2.6% $111 / Sq Ft
04/04/2019 04/04/19 Pending -- -- --
03/24/2019 03/24/19 For Sale $109,900 +40.0% $114 / Sq Ft
06/09/2016 06/09/16 Sold $78,500 -1.8% $82 / Sq Ft
05/04/2016 05/04/16 Pending -- -- --
03/09/2016 03/09/16 For Sale $79,900 -- $83 / 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 $1,201 $145,900 $44,300 $101,600
2023 $1,328 $138,000 $44,300 $93,700
2022 $1,328 $138,000 $44,300 $93,700
2021 $1,072 $109,200 $9,700 $99,500
2020 $925 $99,600 $8,800 $90,800
2019 $615 $87,000 $7,400 $79,600
2018 $1,864 $80,400 $6,700 $73,700
2017 $1,910 $78,600 $6,700 $71,900
2016 $1,317 $52,200 $5,500 $46,700
2014 $1,505 $59,700 $5,500 $54,200
2013 $1,532 $59,800 $5,600 $54,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jan McGregor

    Freedom Realty Partners

    (574) 532-2078

    20 Total Sales

    Jan McGregor
    Section Image
  • Matt Miller

    Buyer's Agent in 2019

    Matt Miller

    Realty Group Resources

    (574) 264-2000

    85 Total Sales

    Matt Miller
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201910469

Indiana Regional MLS

APN: 71-04-32-105-023.000-003

Indiana St Joseph County South Bend 46635

54225 Terrace Ln, South Bend, IN

This home is located at 54225 Terrace Ln, South Bend, IN 46635 since 24 March 2019 and is currently estimated at $189,068, approximately $196 per square foot. This property was built in 1940. 54225 Terrace Ln is a home located in St. Joseph County with nearby schools including McKinley Elementary School, Edison Middle School, and Adams High School.

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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