NOT LISTED FOR SALE

55677 Timber Ln Elkhart, IN 46514

Estimated Value: $251,000 - $401,000

3 Beds
2 Baths
2,237 Sq Ft
$141/Sq Ft Est. Value

Last Sold June 30, 2016

Last sale price $146,500 $65 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $1,884/month

90 Days on Market

Highlights

  • In Ground Pool
  • Ranch Style House
  • Corner Lot
  • Primary Bedroom Suite
  • 1 Fireplace
  • Workshop

About This Home

As of June 2016

Your Own Private Paradise! This 3 bedroom and 2 bath 1 owner all brick ranch home with a finished basement, in ground pool, attached 2 car garage, and additional outbuilding/workshop is located on a corner 1/2 acre lot with complete privacy, and it comes with a neighborhood easement to the St Joseph River to put your boat in and out! Entertain in the finished basement with a wet bar. The family room has a beautifully detailed fireplace with antique tiles surrounding it. There are 2 add on sunrooms that add space. The roof is only 8 years old and the the water heater was new in December 2015. The in ground pool liner and pump is 3 years old, and the ionized pool system keeps your yearly chemical costs low. The additional 30 x 24 workshop is heated, has 220 volt service, and is great for woodworking, or any other hobbies you enjoy. Don't miss this opportunity! Seller is offering a $4,000 carpet/flooring & paint allowance with a good offer. Buyer to verify all measurements, room sizes, schools & taxes.

Last Agent to Sell the Property

Stephen Bottom

Realty Group Resources Listed on: 02/25/2016

Last Buyer's Agent

Sean Leonard

Myers Trust Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,608

Year Built

  • Built in 1972

Lot Details

  • 0.57 Acre Lot
  • Lot Dimensions are 100 x 248
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • Wet Bar
  • Bar
  • 1 Fireplace
  • Formal Dining Room
  • Workshop
  • Carpet

Kitchen

  • Electric Oven or Range
  • Laminate Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Separate Shower

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Patio

Location

  • Suburban Location

Utilities

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

Community Details

  • Community Pool

Listing and Financial Details

  • Assessor Parcel Number 20-05-03-403-012.000-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,608

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1972
  • Age: 44
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 8
  • Total Number of Rooms Below Grade: 3
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: HILLANDALE LOT 13
  • Parcel Number ID: 20-05-03-403-012.000-005
  • Platted: Yes
  • Amenities: Alarm System-Security, Bar, Countertops-Laminate, Deck Open, Detector-Smoke, Disposal, Garage Door Opener, Patio Open, Range/Oven Hook Up Elec, Wet Bar, Stand Up Shower, Tub/Shower Combination, Workshop, Main Level Bedroom Suite, Formal Dining Room, Garage-Heated, Sump Pump
  • Location: City/Town/Suburb
  • Sp Lp Percent: 94.58
  • Special Features: None

Interior Features

  • Total Sq Ft: 2537
  • Total Finished Sq Ft: 2237
  • Above Grade Finished Sq Ft: 1537
  • Below Grade Finished Sq Ft: 700
  • Below Grade Sq Ft: 300
  • Basement: Yes
  • Basement Foundation: Full Basement, Finished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Family Rm
  • Flooring: Carpet
  • Living Great Room: Dimensions: 12x19, On Level: Main
  • Kitchen: Dimensions: 11x12, On Level: Main
  • Dining Room: Dimensions: 10x14, On Level: Main
  • Family Room: Dimensions: 11x17, On Level: Main
  • Recreation Room: Dimensions: 24x31, On Level: Basement
  • Bedroom 1: Dimensions: 12x13, On Level: Main
  • Bedroom 2: Dimensions: 12x13, On Level: Main
  • Bedroom 3: Dimensions: 10x10, On Level: Main
  • Main Level Sq Ft: 1537
  • Number of Main Level Full Bathrooms: 2
  • Total Below Grade Sq Ft: 1000

Exterior Features

  • Exterior: Brick
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: Outbuilding, Dimensions: 24x30, 720
  • Pool: Below Ground
  • Pool: Yes
  • Water Name: Saint Joseph River

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 22x22
  • Garage Sq Ft: 484

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Well Size: 4 Inches
  • Well Type: Private

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Cleveland
  • Middle School: West Side
  • High School: Elkhart Memorial

Lot Info

  • Lot Description: Corner, Level, 0-2.9999
  • Lot Dimensions: 100 x 248
  • Estimated Lot Sq Ft: 24829
  • Estimated Lot Size Acres: 0.57

Tax Info

  • Annual Taxes: 1608
  • Exemptions: Homestead

Multi Family

  • Water Access: Easement

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2016
Closed on
Jun 30, 2016
Sold by
Lockwood Gerald R and Lockwood Judith K
Bought by
Cooper Stacy D and Cooper Deanna K
Seller's Agent
Stephen Bottom
Realty Group Resources
Buyer's Agent
Sean Leonard
Myers Trust Real Estate
List Price
$160,000
Sold Price
$146,500
Premium/Discount to List
-$13,500
-8.44%
Current Estimated Value
$316,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,812
Avg. Annual Appreciation
8.64%
Original Mortgage
$143,846
Outstanding Balance
$115,894
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$200,418
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
Cooper Stacy D -- Metropolitan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooper Stacy D $143,846
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2016 06/30/16 Sold $146,500 -8.4% $65 / Sq Ft
05/25/2016 05/25/16 Pending -- -- --
02/25/2016 02/25/16 For Sale $160,000 -- $72 / 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 $2,483 $270,800 $21,000 $249,800
2022 $2,483 $242,000 $21,000 $221,000
2021 $2,027 $204,800 $21,000 $183,800
2020 $1,770 $194,800 $18,900 $175,900
2019 $1,906 $182,800 $18,900 $163,900
2018 $1,819 $171,100 $18,900 $152,200
2017 $1,856 $169,900 $18,900 $151,000
2016 $1,764 $159,100 $18,900 $140,200
2014 $1,593 $141,700 $18,900 $122,800
2013 $1,665 $141,700 $18,900 $122,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201607266

Indiana Regional MLS

APN: 20-05-03-403-012.000-005