NOT LISTED FOR SALE

625 E 4th St Mishawaka, IN 46544

Estimated Value: $167,000 - $219,000

4 Beds
2.5 Baths
1,780 Sq Ft
$106/Sq Ft Est. Value

Last Sold July 07, 2020

Last sale price $78,000 $44 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $1,228/month

81 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • 3-minute walk to Bingham Park
  • Corner Lot

About This Home

As of July 2020

Awesome Fully Occupied 3 Unit Mishawaka Investment Site! This property offers an investor 3 incomes! 2 residential and 1 commercial unit. Currently the upstairs residential unit is occupied with long term tenant at $450/mo. The downstairs unit is rented at $850/mo. Owner pays utilities for the 2 residential units. The commercial unit has a brand new roof and is rented at $400/mo to a pet groomer and this unit pays their own utilities. That's $1700/mo gross income! Land Contract Terms Might be Available for Right Buyer w a Significant Down Payment

Last Agent to Sell the Property

Brad Beer

Heart City Realty LLC Listed on: 02/25/2020

Last Buyer's Agent

Brad Beer

Heart City Realty LLC Listed on: 02/25/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 58x100
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Foundation
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms

Partially Finished Basement

  • Block Basement Construction
  • Laundry in Basement

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Beiger Elementary School
  • John Young Middle School
  • Mishawaka High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for electric, fuel, trash collection, water
  • Assessor Parcel Number 71-09-15-160-016.000-023

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Electric Expense $1,800
  • Fuel Expense $1,600
  • Insurance Expense $1,200
  • Maintenance Expense $500
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1880
  • Age: 140
  • Style: One and Half Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: Lot 1 Ex 18 Ft S Side Ebehart & Wards Sub Of Lot C Strongs 1st Add
  • Parcel Number ID: 71-09-15-160-016.000-023
  • Platted: Yes
  • Amenities: Basement, Off Street Parking
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 97.74
  • Monthly Gross Income: 1700
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 2334
  • Total Finished Sq Ft: 1780
  • Above Grade Finished Sq Ft: 1780
  • Below Grade Sq Ft: 554
  • Price Per Sq Ft: 43.82
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block, Brick
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 554
  • 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
  • Annual Electric: 1800
  • Annual Fuel Expense: 1600
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 1200
  • Number Of W D Hookups: 2

Schools

  • School District: School City of Mishawaka
  • Elementary School: Beiger
  • Middle School: John Young
  • High School: Mishawaka
  • Elementary School: Beiger

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 58x100
  • Estimated Lot Sq Ft: 5663
  • Estimated Lot Size Acres: 0.13

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Electric, Fuel, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1700
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1988

MLS Schools

  • High School: Mishawaka
  • Middle School: John Young
  • School District: School City of Mishawaka

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2024
Sold by
Rm Income Trust and Title Manager Llc
Bought by
Dwyer David
Current Estimated Value
$188,919

Purchase Details

Closed on
Jan 2, 2024
Sold by
Rm Income Trust and Title Manager Llc
Bought by
Dwyer David

Purchase Details

Closed on
Feb 25, 2021
Sold by
Michiana Rental Properties Llc
Bought by
Rm Income Trust

Purchase Details

Closed on
Mar 6, 2020
Sold by
Schmidt James E and Schmidt Julie C
Bought by
Michiana Rental Properties Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Dwyer David -- None Listed On Document
Dwyer David -- None Listed On Document
Rm Income Trust $78,664 Fidelity National Title
Michiana Rental Properties Llc -- Near North Title Group
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2020 07/07/20 Sold $78,000 -2.3% $44 / Sq Ft
05/16/2020 05/16/20 Pending -- -- --
03/23/2020 03/23/20 Price Changed $79,800 -0.1% $45 / Sq Ft
02/25/2020 02/25/20 For Sale $79,900 -- $45 / 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 $2,721 $136,200 $27,500 $108,700
2023 $2,721 $115,600 $27,500 $88,100
2022 $2,719 $115,600 $27,500 $88,100
2021 $2,231 $94,300 $13,400 $80,900
2020 $2,053 $86,500 $12,500 $74,000
2019 $1,979 $83,000 $12,000 $71,000
2018 $1,873 $62,900 $9,900 $53,000
2017 $1,988 $61,900 $9,900 $52,000
2016 $1,903 $62,000 $9,900 $52,100
2014 $1,692 $61,200 $9,900 $51,300
Source: Public Records

Agents Affiliated with this Home

  • Brad Beer

    Seller's Agent in 2020

    Brad Beer

    Heart City Realty LLC

    (574) 875-5149

    46 in this area

    315 Total Sales

    Brad Beer
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202006855

Indiana Regional MLS

APN: 71-09-15-160-016.000-023

Indiana St Joseph County Mishawaka 46544

625 E 4th St, Mishawaka, IN

This home is located at 625 E 4th St, Mishawaka, IN 46544 since 25 February 2020 and is currently estimated at $188,919, approximately $106 per square foot. This property was built in 1880. 625 E 4th St is a home located in St. Joseph County with nearby schools including Beiger Elementary School, John J. Young Middle School, and Mishawaka 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.

Nearby Homes