NOT LISTED FOR SALE

602 E Dayton St South Bend, IN 46613

Southeast South Bend Neighborhood

Estimated Value: $170,000 - $249,000

2 Beds
4 Baths
2,152 Sq Ft
$95/Sq Ft Est. Value

Last Sold February 10, 2022

Last sale price $119,500 $56 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,219/month

29 Days on Market

Highlights

  • Corner Lot
  • Baseboard Heating
  • Carpet
  • Forced Air Heating System

About This Home

As of February 2022

Back on Market....Buyer lost financing. Cash flowing 4 unit 100% occupied investment opportunity. Offer, close and start collecting the rent. 2 one bedrooms and 2 studios. Unit 1 - section 8 resident. 1 bedroom $600 per month - nice space, fresh and clean. new kitchen base cabinets and sink, new refrigerator Jan 2021 Unit 2 - month to month resident 1 bedroom $560 per month. nice unit, new carpet fall 2020. Unit 3 - month to month resident Studio $500 per month. Will need freshening at next resident turn over. new refrigerator Unit 4 - month to month resident studio $600 per month. all new rehabbed Fall 2020. vinyl plank, tiled bathroom shower, new kitchen cabinets, stove and fridge. New Furnace Jan 2021 in basement. Used to baseline apartments at 65 degrees. Paid by housing provider Supplemented by electric heat, all separately metered and paid by residents. New Roof Fall 2020 Some newer replacement windows. Water heaters. one 2019 other is 2010 install Things for the next owner to consider... additional insulation, replace remaining windows. listing agent has ownership interest in property

Last Agent to Sell the Property

David Leffel

Howard Hanna SB Real Estate Listed on: 08/04/2021

Last Buyer's Agent

Jen Arizmendi

Addresses Unlimited, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,144

Year Built

  • Built in 1875

Lot Details

  • 4,800 Sq Ft Lot
  • Lot Dimensions are 40 x 120
  • Corner Lot

Home Design

  • Quadruplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Parking Spaces
  • On-Street Parking

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for building insurance, heating, lawn maintenance, snow removal, tax, trash collection, water
  • Assessor Parcel Number 71-08-13-451-012.000-026

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $1,200
  • Insurance Expense $278
  • Maintenance Expense $2,000
  • Water Sewer Expense $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,144

Year Built

Built in 1875

Lot Details

4,800 Sq Ft Lot

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1875
  • Style: Two Story
  • Bedrooms: 2
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: Lot 120 Henry Studebakers 2nd Add
  • Parcel Number ID: 71-08-13-451-012.000-026
  • Platted: Yes
  • Amenities: Basement, Water Heater Gas
  • Special Features: None

Interior Features

  • Total Sq Ft: 3248
  • Total Finished Sq Ft: 2152
  • Above Grade Finished Sq Ft: 2152
  • Below Grade Sq Ft: 1096
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 1096
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Street

Utilities

  • Heating Fuel: Electricity, Gas, Baseboard, Forced Air, Wall Heater
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 1200
  • Annual Insurance Expense: 278
  • Annual Maintenance Expense: 2000
  • Annual Water Sewer Expense: 2400
  • Number Electric Meters: 4
  • Number Gas Meters: 1
  • Number Water Meters: 1

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 40 x 120
  • Estimated Lot Sq Ft: 4800
  • Estimated Lot Size Acres: 0.11

Rental Info

  • Lease Term: Week to Week, Month to Month, 1 Year
  • Owner Pays: Building Insurance, Heating, Lawn Maintenance, Snow Removal, Tax, Trash Collection, Water
  • Tenant Pays: Electric, Heating

Tax Info

  • Annual Property Tax: 1144.46

Multi Family

  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 2
  • Num Of Efficiencies: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2021
Closed on
Mar 3, 2022
Sold by
Talking Bear Estates Llc
Bought by
Bwb Properties Llc
Seller's Agent
David Leffel
Howard Hanna SB Real Estate
Buyer's Agent
Jen Arizmendi
Addresses Unlimited, LLC
List Price
$139,900
Sold Price
$119,500
Premium/Discount to List
-$20,400
-14.58%
Current Estimated Value
$203,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,010
Avg. Annual Appreciation
13.90%
Original Mortgage
$89,625
Outstanding Balance
$83,208
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$120,302

Purchase Details

Closed on
Jan 24, 2019
Sold by
Home Capital Finance Llc
Bought by
Indiana 602 Land Trust

Purchase Details

Closed on
Jan 14, 2019
Sold by
Sheriff Of St Joseph County
Bought by
Apw Investment Trust

Purchase Details

Closed on
Mar 7, 2017
Sold by
Apw Investments Trust
Bought by
Absolute Real Estate Fund Llc

Purchase Details

Closed on
Jul 14, 2014
Sold by
602 Land Trust
Bought by
Apw Investments Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,430
Interest Rate
4.2%

Purchase Details

Closed on
Jun 30, 2006
Sold by
Northpointe Bank
Bought by
602 Land Trust

Purchase Details

Closed on
Apr 14, 2005
Sold by
Turner Curtis and Turner Renate
Bought by
Northpointe Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bwb Properties Llc $125,000 Fidelity National Title
Talking Bear Estates Llc $125,000 Fidelity National Title
Indiana 602 Land Trust -- None Listed On Document
Apw Investment Trust $16,000 None Listed On Document
Absolute Real Estate Fund Llc -- --
Apw Investments Trust -- Fidelity National Title
602 Land Trust -- None Available
Northpointe Bank $83,456 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Talking Bear Estates Llc $89,625
Closed Bwb Properties Llc $89,625
Previous Owner Apw Investments Trust $66,430
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2022 02/10/22 Sold $119,500 -14.3% $56 / Sq Ft
09/02/2021 09/02/21 Pending -- -- --
08/14/2021 08/14/21 Price Changed $139,500 -0.3% $65 / Sq Ft
08/14/2021 08/14/21 For Sale $139,900 0.0% $65 / Sq Ft
08/06/2021 08/06/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $139,900 -- $65 / Sq Ft
Source: Indiana Regional MLS

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
2025 $1,923 $75,500 $1,900 $73,600
2024 $2,027 $76,100 $1,900 $74,200
2023 $1,910 $79,600 $1,900 $77,700
2022 $1,910 $79,600 $1,900 $77,700
2021 $1,802 $73,300 $2,200 $71,100
2020 $1,144 $45,900 $2,200 $43,700
2019 $959 $45,800 $2,100 $43,700
2018 $1,137 $45,800 $2,100 $43,700
2017 $1,169 $45,200 $2,100 $43,100
2016 $1,194 $45,200 $2,100 $43,100
2014 $1,171 $74,400 $2,100 $72,300
2013 $1,949 $74,400 $2,100 $72,300
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    David Leffel

    Howard Hanna SB Real Estate

  • Jen Arizmendi

    Buyer's Agent in 2022

    Jen Arizmendi

    Addresses Unlimited, LLC

    (574) 245-0210

    5 in this area

    244 Total Sales

    Jen Arizmendi
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Map

Source: Indiana Regional MLS

MLS Number: 202131807

Indiana Regional MLS

APN: 71-08-13-451-012.000-026

Indiana St Joseph County South Bend 46613 Southeast South Bend

602 E Dayton St, South Bend, IN

Not Listed for Sale

MultiFamily

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 Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

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