NOT LISTED FOR SALE

54550 Willis St South Bend, IN 46637

Estimated Value: $232,000 - $982,778

2.67 Acres
$236,964 Price per Acre
116,305 Sq Ft Lot

Last Sold January 12, 2024

Last sale price $3,690,000 $1,849 Per Sq Ft

Current estimated payment $3,510/month

101 Days on Market

Highlights

  • Pole Barn
  • Garage
  • Wood Fence
  • Adams High School Rated A-

About This Lot

As of January 2024

Comparative purposes only. Value in land. Four additional parcels included in package sale. Parcel ID 71-04-31-426-003.000-003, Parcel ID 71-04-31-426-004.000-003, Parcel ID 71-04-31-426-006.000-003,Parcel ID71-04-31-426.007.000-003

Last Agent to Sell the Property

Kenny Kent

RE/MAX 100 Brokerage Phone: 574-235-3655 Listed on: 07/01/2023

RE/MAX 100

Last Buyer's Agent

Steve Smith

Irish Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,316

Lot Details

  • 2.67 Acre Lot
  • Lot Dimensions are 585x199
  • Property fronts a county road
  • Wood Fence
  • Chain Link Fence
  • Finished Lot(s)

Parking

  • Garage
  • Gravel Driveway
  • Off-Street Parking

Schools

  • Mckinley Elementary School
  • Edison Middle School
  • Adams High School

Utilities

  • Heating System Uses Gas
  • Septic System

Additional Features

  • Pole Barn
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 71-04-31-426-002.000-003

Property Details

Property Type

Land

Est. Annual Taxes

$11,316

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Residential Land
  • Legal Description: LOT 36, 37, 38, 39, 40 VANESS PLAT
  • Parcel Number ID: 71-04-31-426-002.000-003
  • Platted: Yes
  • Location: Suburb, Near College Campus
  • Road Access: County
  • Road Surface: Asphalt
  • Sp Lp Percent: 95.84
  • Parcel Description: Level, 3-5.9999
  • Type of Sale: Traditional
  • Side Of Road: East
  • Structure Bldg Imprvmnts: Yes
  • Type Use: Residential
  • Year Taxes Payable: 2023
  • Special Features: None

Exterior Features

  • Fence: Chain Link, Wood
  • Road Frontage: County

Garage/Parking

  • Parking: Gravel, Off Street

Utilities

  • Water Utilities: Available
  • Electric Company: AEP/I&M, NIPSCO
  • Electricity Type: Available
  • Fuel Type: Gas
  • Sewer Type: Septic, Available

Schools

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

Lot Info

  • Lot Dimensions: 585x199
  • Estimated Lot Sq Ft: 116305
  • Estimated Lot Size Acres: 2.67
  • Land Features: Barn, Garage, Pole Barn

Tax Info

  • Annual Taxes: 11316
  • Total Assessed Value: 80800

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
Jul 1, 2023
Closed on
Jan 16, 2024
Sold by
Bayside Llc
Bought by
Trematerra Family Land Holdings Inc
Seller's Agent
Kenny Kent
RE/MAX 100
Buyer's Agent
Steve Smith
Irish Realty
List Price
$3,850,000
Sold Price
$3,690,000
Premium/Discount to List
-$160,000
-4.16%
Current Estimated Value
$632,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,057,305
Avg. Annual Appreciation
-63.49%

Purchase Details

Listed on
Jul 1, 2023
Closed on
Jan 12, 2024
Sold by
Bayside Corporation
Bought by
Trematerra Fam Land Hldg Inc
Seller's Agent
Kenny Kent
RE/MAX 100
Buyer's Agent
Steve Smith
Irish Realty
List Price
$3,850,000
Sold Price
$3,690,000
Premium/Discount to List
-$160,000
-4.16%

Purchase Details

Closed on
Dec 16, 2021
Sold by
Willis St Llc
Bought by
Bayside Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
2.34%

Purchase Details

Closed on
Dec 15, 2021
Sold by
Willis St Llc
Bought by
Bayside Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
2.34%

Purchase Details

Closed on
Jun 6, 2012
Sold by
Kent Kenneth L and Kent Kenny L
Bought by
Willis St Llc

Purchase Details

Closed on
Apr 8, 2011
Sold by
Ruszkowski Patrick J and Kubsch Stephen
Bought by
Kent Kenneth L
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
Trematerra Family Land Holdings Inc $922,500 None Listed On Document
Trematerra Fam Land Hldg Inc -- None Listed On Document
Bayside Llc -- Ford John B
Bayside Llc -- None Available
Dcba Llc -- None Available
Willis St Llc -- Meridian Title Corp
Kent Kenneth L -- Meridian Title Corp
Dcba Llc -- Ford John B
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dcba Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2024 01/12/24 Sold $3,690,000 -4.2% $1,849 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
07/01/2023 07/01/23 For Sale $3,850,000 -- $1,929 / 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 $1,871 $182,600 $24,700 $157,900
2023 $1,837 $80,800 $11,800 $69,000
2022 $1,837 $80,800 $11,800 $69,000
2021 $1,947 $78,800 $8,400 $70,400
2020 $1,971 $79,600 $8,400 $71,200
2019 $1,654 $79,600 $8,400 $71,200
2018 $1,870 $80,700 $8,400 $72,300
2017 $1,924 $79,200 $8,400 $70,800
2016 $2,043 $82,900 $15,100 $67,800
2014 $2,058 $81,600 $15,100 $66,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202405629

Indiana Regional MLS

APN: 71-04-31-426-002.000-003