NOT LISTED FOR SALE

57937 Frances Ave Elkhart, IN 46517

Estimated Value: $100,000 - $140,000

2 Beds
2 Baths
800 Sq Ft
$156/Sq Ft Est. Value

Last Sold March 19, 2018

Last sale price $60,500 $76 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $735/month

11 Days on Market

Highlights

  • Shed
  • Carpet
  • 1-Story Property
  • Level Lot

About This Home

As of March 2018

Back tenant is long term and pays only $300 per month in exchange for basic maintenance. Front tenant pays $400 per month but lease expires and is vacating in mid February. Current market value likely $400/month for each unit.

Last Agent to Sell the Property

Jeff Birky

Berkshire Hathaway HomeServices Goshen Listed on: 01/15/2018

Berkshire Hathaway HomeServices Goshen

Last Buyer's Agent

Travis Bontrager

Bontrager Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $840

Year Built

  • Built in 1962

Lot Details

  • 6,320 Sq Ft Lot
  • Lot Dimensions are 40 x 158
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 800 Sq Ft Home
  • 1-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Gas Water Heater
  • Septic System

Additional Features

  • Shed
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cooling, electric, heating
  • The owner pays for building insurance, lawn maintenance, maintenance
  • Assessor Parcel Number 20-06-16-355-017.000-009

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$840

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1962
  • Age: 56
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Bunker Hill Unrec Sec 16, 40x158 ft .145 A Pt S 1/2 W 1/2 SW 1/4 Sec 16, .05A |
  • Parcel Number ID: 20-06-16-355-017.000-009
  • Platted: Yes
  • Amenities: Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 93.08
  • Monthly Gross Income: 700
  • Special Features: None

Interior Features

  • Total Sq Ft: 800
  • Total Finished Sq Ft: 800
  • Above Grade Finished Sq Ft: 800
  • Price Per Sq Ft: 75.63
  • Basement Foundation: Slab
  • Flooring: Carpet
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Shingle
  • Roof Material: Shingle
  • Stories: 1
  • Outbuilding: Garden Shed
  • Outbuilding Sq Ft: 80

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Window
  • Heating Fuel: Gas
  • Sewer: Septic
  • Water Utilities: Well
  • Well Type: Private
  • Annual Insurance Expense: 500
  • Number Electric Meters: 2
  • Number Gas Meters: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Concord Community Schools
  • Elementary School: Concord West Side
  • Middle School: Concord
  • High School: Concord

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40 x 158
  • Estimated Lot Sq Ft: 6320
  • Estimated Lot Size Acres: 0.15

Rental Info

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

Multi Family

  • Gross Monthly Rent: 700
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 840

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2018
Closed on
Apr 11, 2018
Sold by
Miller Stanley W and Miller Sandra W
Bought by
Martin Todd
Seller's Agent
Jeff Birky
Berkshire Hathaway HomeServices Goshen
Buyer's Agent
Travis Bontrager
Bontrager Realty, LLC
List Price
$65,000
Sold Price
$60,500
Premium/Discount to List
-$4,500
-6.92%
Current Estimated Value
$125,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,518
Avg. Annual Appreciation
10.09%
Original Mortgage
$45,375
Outstanding Balance
$39,013
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$86,005

Purchase Details

Listed on
Jan 15, 2018
Closed on
Mar 19, 2018
Sold by
Miller Stanley W and Miller Sandra W
Bought by
Martin Todd
Seller's Agent
Jeff Birky
Berkshire Hathaway HomeServices Goshen
Buyer's Agent
Travis Bontrager
Bontrager Realty, LLC
List Price
$65,000
Sold Price
$60,500
Premium/Discount to List
-$4,500
-6.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,375
Outstanding Balance
$39,013
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$86,005

Purchase Details

Closed on
Oct 3, 2002
Sold by
Yoder Gordon and Yoder Gordon R
Bought by
Miller Stanley W and Miller Sandra W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 7, 2002
Sold by
Yoder Gordon
Bought by
Yoder Gordon R and Yoder Esther A
Source: Public Records

Range of Values:

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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
Martin Todd $60,348 None Listed On Document
Martin Todd $60,348 None Listed On Document
Miller Stanley W -- --
Yoder Gordon R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Todd $45,375
Closed Martin Todd $45,375
Previous Owner Miller Stanley W $57,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2018 03/19/18 Sold $60,500 -6.9% $76 / Sq Ft
01/26/2018 01/26/18 Pending -- -- --
01/15/2018 01/15/18 For Sale $65,000 -- $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 $860 $46,900 $6,300 $40,600
2022 $860 $38,500 $6,300 $32,200
2021 $731 $35,800 $6,300 $29,500
2020 $889 $36,800 $6,300 $30,500
2019 $820 $33,700 $3,200 $30,500
2018 $819 $33,600 $3,200 $30,400
2017 $818 $33,400 $3,200 $30,200
2016 $834 $34,000 $3,200 $30,800
2014 $794 $33,500 $3,200 $30,300
2013 $746 $37,200 $6,900 $30,300
Source: Public Records

Agents Affiliated with this Home

  • Jeff Birky

    Seller's Agent in 2018

    Jeff Birky

    Berkshire Hathaway HomeServices Goshen

    (574) 534-1010

    102 Total Sales

    Jeff Birky
    Section Image
  • Travis Bontrager

    Buyer's Agent in 2018

    Travis Bontrager

    Bontrager Realty, LLC

    (574) 238-5912

    155 Total Sales

    Travis Bontrager
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201801732

Indiana Regional MLS

APN: 20-06-16-355-017.000-009

Indiana Elkhart County Elkhart 46517

57937 Frances Ave, Elkhart, IN

This home is located at 57937 Frances Ave, Elkhart, IN 46517 since 15 January 2018 and is currently estimated at $125,018, approximately $156 per square foot. This property was built in 1962. 57937 Frances Ave is a home located in Elkhart County with nearby schools including Concord West Side Elementary School, Concord Junior High School, and Concord Intermediate 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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