NOT LISTED FOR SALE

626 Lincoln Way E South Bend, IN 46601

Monroe Park Neighborhood

Estimated Value: $111,000 - $520,657

4 Beds
2 Baths
1,944 Sq Ft
$117/Sq Ft Est. Value

Last Sold June 08, 2021

Last sale price $390,000 $201 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $1,411/month

189 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Level Lot
  • Wood Siding

About This Home

As of June 2021

Great Investment opportunity. Included in this portfolio are 7 homes with 12 rented units along with 3 vacant lots to add more income in the future. Three properties are duplexes, three are single family homes along with one property being a tri-plex. All units are currently occupied. ALL PROPERTIES ARE ADJACENT WITH COMMON PARKING LOT! 618 Lincolnway East/ 622 Lincolnway East/632 Lincolnway East/632 Lincolnway East/ 701 E. South Street/ 613 E. South St./611 E. South St./518 Rush St./514 Rush St.

Last Agent to Sell the Property

Stephen Bizzaro

Howard Hanna SB Real Estate Listed on: 10/02/2020

Last Buyer's Agent

Evan Forslund

Berkshire Hathaway HomeServices Northern Indiana Real Estate

Berkshire Hathaway HomeServices Northern Indiana Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,918

Year Built

  • Built in 1920

Lot Details

  • 5,950 Sq Ft Lot
  • Lot Dimensions are 40x150
  • Level Lot

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cooling, electric, fuel, heating, trash collection
  • The owner pays for lawn maintenance, snow removal, tax, water
  • Assessor Parcel Number 71-08-12-404-011.000-026

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $7,887
  • Maintenance Expense $7,785
  • Water Sewer Expense $9,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,918

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1920
  • Age: 101
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: See Exhibit A
  • Parcel Number ID: 71-08-12-404-011.000-026
  • Platted: Yes
  • Amenities: Basement, Off Street Parking
  • Sp Lp Percent: 78.79
  • Monthly Gross Income: 6300
  • Special Features: None

Interior Features

  • Total Sq Ft: 2187
  • Total Finished Sq Ft: 1944
  • Above Grade Finished Sq Ft: 1944
  • Below Grade Sq Ft: 243
  • Price Per Sq Ft: 200.62
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Total Below Grade Sq Ft: 243
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 7887
  • Annual Maintenance Expense: 7785
  • Annual Water Sewer Expense: 9600
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40X150
  • Estimated Lot Sq Ft: 5950
  • Estimated Lot Size Acres: 0.1366

Rental Info

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

Multi Family

  • Gross Monthly Rent: 6300
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 3918

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
May 28, 2021
Sold by
Rx Investment Llc
Bought by
Forslund Evan
Seller's Agent
Stephen Bizzaro
Howard Hanna SB Real Estate
Buyer's Agent
Evan Forslund
Berkshire Hathaway HomeServices Northern Indiana Real Estate
List Price
$495,000
Sold Price
$390,000
Premium/Discount to List
-$105,000
-21.21%
Current Estimated Value
$227,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$162,836
Avg. Annual Appreciation
-10.45%

Purchase Details

Closed on
Aug 29, 2013
Sold by
South Bend Redevelopment Dept
Bought by
Trajectory Investment Group
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
Forslund Evan $230,000 Fidelity National Title
Trajectory Investment Group -- Meridian Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2021 06/08/21 Sold $390,000 -21.2% $201 / Sq Ft
10/02/2020 10/02/20 For Sale $495,000 +1550.0% $255 / Sq Ft
11/30/2015 11/30/15 Sold $30,000 0.0% $15 / Sq Ft
10/05/2015 10/05/15 Pending -- -- --
09/28/2015 09/28/15 For Sale $30,000 -- $15 / 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 $2,475 $102,000 $4,300 $97,700
2023 $3,074 $128,100 $4,300 $123,800
2022 $3,074 $128,100 $4,300 $123,800
2021 $2,201 $89,900 $4,300 $85,600
2020 $1,651 $67,000 $3,200 $63,800
2019 $741 $34,900 $6,800 $28,100
2018 $788 $31,200 $3,100 $28,100
2017 $812 $30,900 $3,100 $27,800
2016 $829 $30,900 $3,100 $27,800
2014 $1,690 $64,600 $3,100 $61,500
Source: Public Records

Agents Affiliated with this Home

  • Stephen Bizzaro

    Seller's Agent in 2021

    Stephen Bizzaro

    Howard Hanna SB Real Estate

    (574) 229-4040

    1 in this area

    314 Total Sales

    Stephen Bizzaro
    Section Image
  • Evan Forslund

    Buyer's Agent in 2021

    Evan Forslund

    Berkshire Hathaway HomeServices Northern Indiana Real Estate

    (574) 340-2234

    2 in this area

    174 Total Sales

    Evan Forslund
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202039932

Indiana Regional MLS

APN: 71-08-12-404-011.000-026

Indiana St Joseph County South Bend 46601 Monroe Park

626 Lincoln Way E, South Bend, IN

This home is located at 626 Lincoln Way E, South Bend, IN 46601 since 02 October 2020 and is currently estimated at $227,164, approximately $116 per square foot. This property was built in 1920. 626 Lincoln Way E is a home located in St. Joseph County with nearby schools including Lincoln Elementary School, Navarre Middle School, and Riley 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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