NOT LISTED FOR SALE

Estimated Value: $111,000 - $230,304

4 Beds
2 Baths
2,100 Sq Ft
$72/Sq Ft Est. Value

Last Sold September 17, 2020

Last sale price $75,000 $36 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $1,058/month

3 Days on Market

Highlights

  • Ceiling height of 9 feet or more
  • Level Lot
  • Carpet
  • Forced Air Heating System

About This Home

As of September 2020

Nice duplex with vinyl siding, property is on a newer foundation with poured walls. each individual has its own private access and basement. The water heaters are rented through AWHR at $18.91 each per month, both new in 2018. Units have an updated kitchen and large bathroom. Great floor plan with off street parking at the rear of the home. Individual gas & electric meters for both units, tenants pay gas and electric. These units are on a month to month lease. Each unit has its own washer & dryer hook ups in the basement. Refrigerators and ranges are included. Window ACs and Washers/Dryers are owned by tenants. No sign in the yard.

Last Listed By

Laurie LaDow

Cressy & Everett - South Bend Listed on: 08/25/2020

Cressy & Everett - South Bend

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,420

Year Built

  • Built in 1991

Lot Details

  • 6,447 Sq Ft Lot
  • Lot Dimensions are 36 x 121
  • Level Lot

Home Design

  • Duplex
  • Poured Concrete
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Washer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Lincoln Elementary School
  • Jackson Middle School
  • Riley High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Water Heater Leased

Listing and Financial Details

  • Tenant pays for electric, fuel, heating
  • The owner pays for lawn maintenance, maintenance, tax, trash collection, water, water softener
  • Assessor Parcel Number 71-08-12-408-013.000-026

Community Details

Overview

  • 2 Units
  • Rush Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,040
  • Maintenance Expense $1,440
  • Water Sewer Expense $1,392

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,420

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1991
  • Age: 29
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: BEING PTS OF LOTS E, F & G OF REPLAT & RESURVEY OF RUSHS 2ND & 3RD ADD TO CITY OF SOUTH BEND 20/21 CON W/ 018-3031-1182 PER ASSESSORS REQ IC 6-1.1-5-16
  • Parcel Number ID: 71-08-12-408-013.000-026
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Ceiling-9+, Water Heater Gas, Water Heater Rental, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Annual Miscellaneous: 1000
  • Monthly Gross Income: 1119
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 3150
  • Total Finished Sq Ft: 2100
  • Above Grade Finished Sq Ft: 2100
  • Below Grade Sq Ft: 1050
  • Price Per Sq Ft: 35.71
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 1050
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: South Bend Municipal Util
  • Annual Insurance Expense: 1040
  • Annual Maintenance Expense: 1440
  • Annual Water Sewer Expense: 1392
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Lincoln
  • Middle School: Jackson
  • High School: Riley
  • Elementary School: Lincoln

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 36 X 121
  • Estimated Lot Sq Ft: 6447
  • Estimated Lot Size Acres: 0.148

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Lawn Maintenance, Maintenance, Tax, Trash Collection, Water, Water Softener
  • Tenant Pays: Electric, Fuel, Heating

Tax Info

  • Total Assessed Value: 71300
  • Annual Property Tax: 1420

Multi Family

  • Gross Monthly Rent: 1119
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

MLS Schools

  • High School: Riley
  • Middle School: Jackson
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2023
Sold by
Bordeau Michelle
Bought by
Mbsr Properties Llc
Total Days on Market
3
Current Estimated Value
$151,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Outstanding Balance
$109,546
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$42,280

Purchase Details

Closed on
Jan 5, 2023
Sold by
Istre Michael
Bought by
Bordeau Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Outstanding Balance
$109,546
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$42,280

Purchase Details

Closed on
Feb 8, 2021
Sold by
Istre Michael
Bought by
Istre Michael and Istre Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 25, 2020
Closed on
Oct 12, 2020
Sold by
Mcmahon Kevin P and Mcmahon Dorothy R
Bought by
Istre Michael
Seller's Agent
Laurie LaDow
Cressy & Everett - South Bend
Buyer's Agent
Drew Overmyer
At Home Realty Group
List Price
$75,000
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.42%

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
Mbsr Properties Llc -- Fidelity National Title
Bordeau Michelle -- Fidelity National Title
Istre Michael -- Voyager Title Llc
Istre Michael -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bordeau Michelle $112,500
Previous Owner Istre Michael $53,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2020 09/17/20 Sold $75,000 0.0% $36 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
08/25/2020 08/25/20 For Sale $75,000 -- $36 / 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 $2,596 $69,000 $5,600 $63,400
2023 $2,244 $145,200 $5,600 $139,600
2022 $2,244 $93,500 $5,600 $87,900
2021 $2,153 $86,100 $5,200 $80,900
2020 $1,797 $71,300 $5,200 $66,100
2019 $1,420 $71,000 $2,500 $68,500
2018 $2,715 $2,500 $2,500 $0
2017 $63 $2,500 $2,500 $0
2016 $64 $2,500 $2,500 $0
2014 $65 $2,500 $2,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202033798

Indiana Regional MLS

APN: 71-08-12-408-013.000-026