$115,000
SOLD DEC 3, 2018

56721 27th St Elkhart, IN 46516

4 Beds
3 Baths
1,748 Sq Ft
6,926 Sq Ft Lot

Recently Sold

$66 Per Sq Ft

1 Day on Market

Highlights

  • Circular Driveway
  • 1 Car Detached Garage
  • Level Lot
  • Jimtown Intermediate School Rated A-
  • Forced Air Heating System
  • Carpet

About This Home

As of December 2022

Great Cash Cow in the Jimtown area! 3 units consist of a duplex and a single family home. New Roof on the single family house and 5 year old on the duplex. All units in great shape. 2 bedroom in duplex just re-done. Great property won't last long.

Last Agent to Sell the Property

Nate Roll

Rock Auctioneers & Real Estate Listed on: 11/05/2018

Last Buyer's Agent

Nate Roll

Rock Auctioneers & Real Estate Listed on: 11/05/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,076

Year Built

  • Built in 1982

Lot Details

  • 6,926 Sq Ft Lot
  • Lot Dimensions are 160x115
  • Level Lot

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • Circular Driveway
  • Gravel Driveway
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Gas Water Heater
  • Septic System

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for building insurance, lawn maintenance, tax, water
  • Assessor Parcel Number 20-05-12-426-011.000-001

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • Water Sewer Expense $540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,076

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1982
  • Age: 36
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: LONG LEGAL, IN LIST OFFICE |
  • Parcel Number ID: 20-05-12-426-011.000-001
  • Platted: Yes
  • Amenities: Off Street Parking, Countertops-Laminate, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1725
  • Special Features: None

Interior Features

  • Total Sq Ft: 1748
  • Total Finished Sq Ft: 1748
  • Above Grade Finished Sq Ft: 1748
  • Price Per Sq Ft: 65.79
  • Basement Foundation: Slab
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1748
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

  • Driveway: Circular, Gravel
  • Number Of Parking Spaces: 6
  • Parking: Garage, Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Well Type: Private
  • Annual Insurance Expense: 1000
  • Annual Water Sewer Expense: 540
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 3
  • Number Water Meters: 2

Schools

  • School District: Baugo Community
  • Elementary School: Jimtown
  • Middle School: Jimtown
  • High School: Jimtown

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 160x115
  • Estimated Lot Sq Ft: 6926
  • Estimated Lot Size Acres: 0.159
  • Lot Number: 8

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Lawn Maintenance, Tax, Water
  • Tenant Pays: Electric, Heating

Tax Info

  • Total Assessed Value: 53800
  • Annual Property Tax: 1076

Multi Family

  • Gross Monthly Rent: 1725
  • Number Of Refrigerators: 2
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2022
Closed on
Dec 28, 2022
Sold by
Masonmyre Llc
Bought by
Lee Holdings Llc
Seller's Agent
Joseph Williams
The Home Source Group
Buyer's Agent
Jennea Schirr
McKinnies Realty, LLC Elkhart
List Price
$172,000
Sold Price
$160,000
Premium/Discount to List
-$12,000
-6.98%
Views
147
Current Estimated Value
$192,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,076
Avg. Annual Appreciation
6.77%
Original Mortgage
$115,009
Outstanding Balance
$96,112
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$95,964

Purchase Details

Closed on
Sep 25, 2020
Sold by
Barber Matthew A
Bought by
Masonmyre Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2020
Sold by
Masonmyre Llc
Bought by
Barber Matthew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2020
Sold by
Masonmyre Llc
Bought by
Barber Matthew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2020
Sold by
Masonmyre Llc
Bought by
Barber Matthew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2019
Sold by
Barber Matthew A
Bought by
Masonmyre Llc

Purchase Details

Listed on
Nov 5, 2018
Closed on
Jan 22, 2019
Sold by
Barber Matthew A and Barber Jane E
Bought by
Masonmyre Llc
Seller's Agent
Nate Roll
Rock Auctioneers & Real Estate
Buyer's Agent
Nate Roll
Rock Auctioneers & Real Estate
List Price
$115,000
Sold Price
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.79%
Original Mortgage
$86,250
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 5, 2018
Closed on
Dec 7, 2018
Sold by
Elkhart Cattle & Land Llc
Bought by
Barber Matthew A and Barber Jane E
Seller's Agent
Nate Roll
Rock Auctioneers & Real Estate
Buyer's Agent
Nate Roll
Rock Auctioneers & Real Estate
List Price
$115,000
Sold Price
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 5, 2018
Closed on
Nov 30, 2018
Sold by
Elkhart Cattle & Land Llc
Bought by
Barber Matthew A and Barber Jane E
Seller's Agent
Nate Roll
Rock Auctioneers & Real Estate
Buyer's Agent
Nate Roll
Rock Auctioneers & Real Estate
List Price
$115,000
Sold Price
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2006
Sold by
Martin Matt
Bought by
Elkhart Cattle & Land

Purchase Details

Closed on
Jul 28, 2005
Sold by
Investment Capital Co Llc
Bought by
Martin Matt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
7.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 29, 2004
Sold by
Ricketts Alan D and Ricketts Shirley J
Bought by
Investment Capital Co Llc

Purchase Details

Closed on
Jul 6, 2001
Sold by
Kiel Fredrick J and Kiel Linda L
Bought by
Ricketts Alan D and Ricketts Shirley K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,200
Interest Rate
7.27%
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 Type Sale Price Title Company
Warranty Deed -- Fidelity National Title
Quit Claim Deed -- None Listed On Document
Warranty Deed $117,705 Metropolitan Title
Warranty Deed -- Metropolitan Title
Warranty Deed $117,705 Metropolitan Title
Quit Claim Deed $5,000 None Listed On Document
Quit Claim Deed $5,000 None Listed On Document
Warranty Deed $114,712 New Title Company Name
Warranty Deed $114,712 New Title Company Name
Sheriffs Deed $40,001 Lawyers Title
Corporate Deed -- Title Works Inc
Receivers Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $115,009 New Conventional
Previous Owner $88,500 New Conventional
Previous Owner $88,500 New Conventional
Previous Owner $88,500 New Conventional
Previous Owner $86,250 New Conventional
Previous Owner $86,250 New Conventional
Previous Owner $81,000 Fannie Mae Freddie Mac
Previous Owner $70,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2022 12/19/22 Sold $160,000 0.0% $85 / Sq Ft
12/19/2022 12/19/22 Sold $160,000 -4.2% $85 / Sq Ft
10/03/2022 10/03/22 Pending -- -- --
10/03/2022 10/03/22 Pending -- -- --
09/21/2022 09/21/22 Price Changed $167,000 0.0% $89 / Sq Ft
09/21/2022 09/21/22 Price Changed $167,000 -2.9% $89 / Sq Ft
08/10/2022 08/10/22 For Sale $172,000 0.0% $91 / Sq Ft
08/10/2022 08/10/22 Price Changed $172,000 0.0% $91 / Sq Ft
08/10/2022 08/10/22 For Sale $172,000 0.0% $91 / Sq Ft
08/10/2022 08/10/22 Price Changed $172,000 -2.8% $91 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
08/01/2022 08/01/22 Pending -- -- --
07/12/2022 07/12/22 For Sale $177,000 0.0% $94 / Sq Ft
06/21/2022 06/21/22 For Sale $177,000 +53.9% $94 / Sq Ft
12/03/2018 12/03/18 Sold $115,000 0.0% $66 / Sq Ft
11/06/2018 11/06/18 Pending -- -- --
11/05/2018 11/05/18 For Sale $115,000 -- $66 / 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 $5,341 $161,100 $18,300 $142,800
2022 $2,777 $125,700 $18,300 $107,400
2021 $2,131 $111,800 $18,300 $93,500
2020 $1,489 $78,200 $18,300 $59,900
2019 $1,505 $78,200 $18,300 $59,900
2018 $1,555 $85,800 $18,300 $67,500
2017 $1,091 $53,800 $10,100 $43,700
2016 $1,047 $51,600 $10,300 $41,300
2014 $966 $48,300 $10,300 $38,000
2013 $934 $46,700 $10,300 $36,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201849526

Indiana Regional MLS

APN: 20-05-12-426-011.000-001