$62,000
SOLD APR 18, 2019

607 W Marion St Elkhart, IN 46516

West Central Neighborhood
4 Beds
4 Baths
2,028 Sq Ft
7,100 Sq Ft Lot

Recently Sold

$31 Per Sq Ft

3% Below List Price

24 Days on Market

About This Home

As of April 2019

Another good investment opportunity in Elkhart. This 4 unit building has three 1 bd apartments and 1 studio apartment. Much of the interior has been painted with newer flooring. This property offers excellent cash flow and would be a good addition to your rental portfolio.

Last Agent to Sell the Property

Joshua Schirr

McKinnies Realty, LLC Elkhart Listed on: 01/11/2019

McKinnies Realty, LLC Elkhart

Last Buyer's Agent

Joshua Schirr

McKinnies Realty, LLC Elkhart Listed on: 01/11/2019

McKinnies Realty, LLC Elkhart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,038

Year Built

  • Built in 1900

Lot Details

  • 7,100 Sq Ft Lot
  • Lot Dimensions are 43 x 165

Home Design

  • Quadruplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Block Basement Construction

Flooring

  • Carpet
  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for fuel, water
  • Assessor Parcel Number 20-06-08-126-020.000-012

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • Fuel Expense $1,368
  • Insurance Expense $1,050
  • Maintenance Expense $645
  • Water Sewer Expense $936

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,038

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1900
  • Age: 119
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: J R Math Ex 40FT W Sid Lot 432
  • Parcel Number ID: 20-06-08-126-020.000-012
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 96.88
  • Monthly Gross Income: 2040
  • Special Features: None

Interior Features

  • Total Sq Ft: 2924
  • Total Finished Sq Ft: 2028
  • Above Grade Finished Sq Ft: 2028
  • Below Grade Sq Ft: 896
  • Price Per Sq Ft: 30.57
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Mixed, Vinyl Tile, Vinyl
  • Total Below Grade Sq Ft: 896
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Utilities

  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 1368
  • Annual Insurance Expense: 1050
  • Annual Maintenance Expense: 645
  • Annual Water Sewer Expense: 936

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Hawthorne
  • Middle School: North Side
  • High School: Elkhart Memorial

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 43 x 165
  • Estimated Lot Sq Ft: 7100
  • Estimated Lot Size Acres: 0.163
  • Lot Number: 432

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Fuel, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 47800
  • Annual Property Tax: 1038

Multi Family

  • Gross Monthly Rent: 2040
  • Number Of Refrigerators: 3
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2021
Sold by
Thompson Jacqueline Sharon
Bought by
Expats Rental Properties Llc

Purchase Details

Listed on
Jan 11, 2019
Closed on
Apr 17, 2019
Sold by
Aurora Capital Management Llc
Bought by
Thompson Jacqueline Sharon
Seller's Agent
Joshua Schirr
McKinnies Realty, LLC Elkhart
Buyer's Agent
Joshua Schirr
McKinnies Realty, LLC Elkhart
List Price
$64,000
Sold Price
$62,000
Premium/Discount to List
-$2,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.35%
Original Mortgage
$46,500
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 11, 2019
Closed on
Apr 3, 2019
Sold by
Indiana 607 Land Trust
Bought by
Aurora Capital Management Llc
Seller's Agent
Joshua Schirr
McKinnies Realty, LLC Elkhart
Buyer's Agent
Joshua Schirr
McKinnies Realty, LLC Elkhart
List Price
$64,000
Sold Price
$62,000
Premium/Discount to List
-$2,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,500
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2015
Sold by
607 W Marion Street Land Trust
Bought by
Indiana 607 Land Trust

Purchase Details

Closed on
Feb 5, 2009
Sold by
National Asset Management Group Llc
Bought by
607 W Marion Street Land Trust

Purchase Details

Closed on
Dec 16, 2008
Sold by
National Asset Management Group
Bought by
National Asset Management Group Llc

Purchase Details

Closed on
Nov 3, 2008
Sold by
Wells Fargo Bank Na
Bought by
National Asset Management Group

Purchase Details

Closed on
Jul 30, 2008
Sold by
Camara Mohamed S
Bought by
Wells Fargo Bank Na and Option One Mortgage Loan Trust 2007-3 As

Purchase Details

Closed on
Jan 31, 2007
Sold by
Camara Mohamed S
Bought by
Camara Mohamed S and 607 West Marion Street Land Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
11.55%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 19, 2007
Sold by
Morse Paul S and Morse Rebecca A
Bought by
Camara Mohamed S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
11.55%
Mortgage Type
Unknown
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 Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed -- Fidelity National Ttl Co Llc
Quit Claim Deed -- Fidelity National Ttl Co Llc
Quit Claim Deed -- None Available
Quit Claim Deed -- Madison Title Agency Llc
Quit Claim Deed -- Madison Title Agency Llc
Quit Claim Deed -- None Available
Quit Claim Deed -- Madison Title Agency Llc
Sheriffs Deed $19,125 None Available
Interfamily Deed Transfer -- Metropolitan Title
Warranty Deed -- Metropolitan Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $46,500 New Conventional
Previous Owner $46,500 New Conventional
Previous Owner $85,500 Unknown
Previous Owner $38,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2025 04/29/25 For Sale $147,500 +137.9% $73 / Sq Ft
04/18/2019 04/18/19 Sold $62,000 -3.1% $31 / Sq Ft
02/04/2019 02/04/19 Pending -- -- --
01/11/2019 01/11/19 For Sale $64,000 -- $32 / 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 $1,663 $86,300 $8,400 $77,900
2022 $1,663 $74,800 $8,400 $66,400
2021 $1,355 $66,100 $8,400 $57,700
2020 $1,332 $61,000 $8,400 $52,600
2019 $1,219 $56,000 $8,400 $47,600
2018 $1,128 $51,400 $8,400 $43,000
2017 $1,053 $47,800 $8,400 $39,400
2016 $1,009 $45,900 $8,400 $37,500
2014 $996 $46,700 $8,400 $38,300
2013 $1,196 $59,800 $13,100 $46,700
Source: Public Records

Agents Affiliated with this Home

  • Michelle Bordeau

    Seller's Agent in 2025

    Michelle Bordeau

    SUNRISE Realty

    (574) 339-8199

    2 in this area

    60 Total Sales

    Section Image
  • Joshua Schirr

    Seller's Agent in 2019

    Joshua Schirr

    McKinnies Realty, LLC Elkhart

    (574) 606-7771

    1 in this area

    101 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201901280

Indiana Regional MLS

APN: 20-06-08-126-020.000-012

Indiana Elkhart County Elkhart 46516 West Central

607 W Marion St, Elkhart, IN

This home is located at 607 W Marion St, Elkhart, IN 46516 and is currently priced at $62,000, approximately $30 per square foot. This property was built in 1900. 607 W Marion St is a home located in Elkhart County with nearby schools including Mary Daly Elementary School, West Side Middle School, and Elkhart High 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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