NOT LISTED FOR SALE

58695 Palace Ln Elkhart, IN 46517

Estimated Value: $178,900 - $236,000

3 Beds
1 Bath
1,008 Sq Ft
$216/Sq Ft Est. Value

Last Sold March 01, 2016

Last sale price $112,500 $112 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $1,240/month

128 Days on Market

Highlights

  • Ranch Style House
  • 1 Car Attached Garage
  • Bathtub with Shower
  • Jimtown Intermediate School Rated A-
  • Eat-In Kitchen
  • Patio

About This Home

As of March 2016

Move right in to this completely remodeled Jimtown ranch style home! Everything is new, nicely finished with quality work throughout. Nice floor plan with a large living room that opens up to the large eat in kitchen that has all new cabinets, counter tops, appliances, and beautiful flooring. 3 bedrooms with nice sized closets and a brand new full bath with a corian vanity top and tile floor. Nice over sized attached garage with room for your lawn stuff or toys. Full basement is huge, it is clean and freshly painted with a large laundry/utility room and plenty of space for storage, hobby/rec/exercise room. Large fenced in backyard with patio and fire pit.

Last Agent to Sell the Property

Morgan Lytle

Realty Experts LLC Listed on: 09/14/2015

Realty Experts LLC

Last Buyer's Agent

Morgan Lytle

Realty Experts LLC Listed on: 09/14/2015

Realty Experts LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $395

Year Built

  • Built in 1959

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 100x138
  • Chain Link Fence
  • Level Lot

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Ranch Style House
  • Shingle Roof
  • Stone Exterior Construction

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Unfinished Basement

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

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient HVAC

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • ENERGY STAR Qualified Water Heater
  • Septic System

Additional Features

  • Washer and Electric Dryer Hookup
  • Patio
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 20-05-24-302-011.000-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$395

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1959
  • Age: 57
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 6
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: PALACE GARDENS SUB LOT 8
  • Parcel Number ID: 20-05-24-302-011.000-001
  • Platted: Yes
  • Amenities: Dryer Hook Up Electric, Eat-In Kitchen, Garage Door Opener, Patio Open, Range/Oven Hook Up Elec, Tub/Shower Combination, Washer Hook-Up
  • Cross Street: Bernice Dr
  • Improvmnts In Last5 Yrs: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 97.91
  • Special Features: None

Interior Features

  • Total Sq Ft: 2016
  • Total Finished Sq Ft: 1008
  • Above Grade Finished Sq Ft: 1008
  • Below Grade Sq Ft: 1008
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Tile
  • Living Great Room: Dimensions: 12x19, On Level: Main
  • Kitchen: Dimensions: 9x16, On Level: Main
  • Bedroom 1: Dimensions: 11x11, On Level: Main
  • Bedroom 2: Dimensions: 11x11, On Level: Main
  • Bedroom 3: Dimensions: 10x11, On Level: Main
  • Main Level Sq Ft: 1008
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 1008

Exterior Features

  • Exterior: Aluminum, Stone
  • Roof Material: Shingle
  • Outbuilding1: None
  • Fence: Chain Link

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 14x23
  • Garage Sq Ft: 322

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 100x138
  • Estimated Lot Sq Ft: 13809
  • Estimated Lot Size Acres: 0.317

Green Features

  • Energy Efficient: HVAC, Water Heater, Windows

Tax Info

  • Annual Taxes: 394.7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2015
Closed on
Mar 1, 2016
Sold by
58695 Palace Ln Land Trust
Bought by
Newcomer Ronald Gage
Seller's Agent
Morgan Lytle
Realty Experts LLC
Buyer's Agent
Morgan Lytle
Realty Experts LLC
List Price
$139,900
Sold Price
$112,500
Premium/Discount to List
-$27,400
-19.59%
Current Estimated Value
$217,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,725
Avg. Annual Appreciation
7.09%
Original Mortgage
$110,461
Outstanding Balance
$87,891
Interest Rate
3.81%
Mortgage Type
FHA
Estimated Equity
$129,334

Purchase Details

Listed on
Jun 17, 2015
Closed on
Jun 27, 2015
Sold by
Keybank Na
Bought by
8695 Palace Ln Land Trust
Seller's Agent
Deanna Wilcox
Realty Experts LLC
Buyer's Agent
Morgan Lytle
Realty Experts LLC
List Price
$34,900
Sold Price
$34,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
473.72%

Purchase Details

Closed on
Mar 25, 2015
Sold by
Gilley Beulah and Gilley William T
Bought by
Keybank Na

Purchase Details

Closed on
Sep 29, 2006
Sold by
Gilley Beulah Maxine
Bought by
Gilley Ii William T
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
Newcomer Ronald Gage -- Fidelity Natl Title Co Llc
8695 Palace Ln Land Trust -- Prism Title & Closing Svcs L
Keybank Na $45,066 None Available
Gilley Ii William T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newcomer Ronald Gage $110,461
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2016 03/01/16 Sold $112,500 -19.6% $112 / Sq Ft
01/20/2016 01/20/16 Pending -- -- --
09/14/2015 09/14/15 For Sale $139,900 +300.9% $139 / Sq Ft
06/29/2015 06/29/15 Sold $34,900 0.0% $35 / Sq Ft View Prior Sale
06/22/2015 06/22/15 Pending -- -- --
06/17/2015 06/17/15 For Sale $34,900 -- $35 / 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 $1,010 $141,600 $22,400 $119,200
2022 $617 $125,000 $22,400 $102,600
2021 $777 $111,500 $22,400 $89,100
2020 $632 $99,900 $22,400 $77,500
2019 $589 $95,900 $22,400 $73,500
2018 $500 $91,100 $22,400 $68,700
2017 $490 $85,300 $22,400 $62,900
2016 $521 $83,300 $22,400 $60,900
2014 $380 $78,400 $22,400 $56,000
2013 $428 $78,400 $22,400 $56,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201543710

Indiana Regional MLS

APN: 20-05-24-302-011.000-001