NOT LISTED FOR SALE

626 W Grove St Mishawaka, IN 46545

Estimated Value: $191,000 - $202,000

4 Beds
4 Baths
2,016 Sq Ft
$98/Sq Ft Est. Value

Last Sold October 25, 2017

Last sale price $117,000 $58 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,342/month

1,126 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Community Storage Space
  • Wood Flooring

About This Home

As of October 2017

LANDLORD'S DREAM - NO VACANCIES - BUILT AS A 4 UNIT APARTMENT BUILDING WITH SUPERIOR RENTAL HISTORY. SUPER POPULAR MISHAWAKA NEIGHBORHOOD "THE OAKS"! ONE STUDIO APARTMENT + 3 ONE-BEDROOM APARTMENTS! ALL HAVE BEEN NICELY REMODELED FROM THE STUDS OUT! BOASTING NEWER PLUMBING, WIRING, HARDWOOD FLOORS, DELIGHTFUL KITCHENS WITH OAK CABINETS, NEWER APPLIANCES & NICE BATHS! BOTH MAIN LEVEL APARTMENTS HAVE ACCESS TO BASEMENT STORAGE FOR ADDED RENT OPPORTUNITY. EACH APARTMENT HAS THEIR OWN ELECTRIC METER (ALL ELECTRIC) OWNER PAYS WATER BILL. ROOF IS APPROX 8 YEARS OLD. CORNER LOT PROVIDES PLENTY OF PARKING. JUST A SHORT 2 BLOCK WALK TO RIVERWALK & PARK. 1 BLOCK TO BUS LINE! SUPER CLOSE TO BETHEL COLLEGE AND IUSB FOR CONSTANT TENANT FLOW! OPPORTUNITY IS KNOCKING - DON'T WAIT OR IT WILL BE GONE!

Last Listed By

Susan Ullery

RE/MAX 100 Listed on: 08/21/2014

RE/MAX 100

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,870 Sq Ft Lot
  • Lot Dimensions are 42 x 116
  • Corner Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Concrete Siding
  • Block Exterior
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Fire and Smoke Detector
  • Laminate Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • On-Street Parking
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Liberty Elementary School
  • Young Middle School
  • Mishawaka High School

Utilities

  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, maintenance, tax, trash collection, water
  • Assessor Parcel Number 71-09-09-382-008.000-023

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • 4 Separate Electric Meters
  • Insurance Expense $850
  • Maintenance Expense $2,400
  • Water Sewer Expense $1,440

Additional Features

  • 4 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1923
  • Age: 94
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: LOT 77 O'NEILL & SCHWABS |
  • Parcel Number ID: 71-09-09-382-008.000-023
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Storage, Cable Available, Countertops-Laminate, Detector-Smoke, Water Heater Electric
  • Grid: Mishawaka N
  • Location: City/Town/Suburb, Near College Campus
  • Sp Lp Percent: 93.98
  • Monthly Gross Income: 1965
  • Year Taxes Payable: 3368.64; year 2015
  • Special Features: None

Interior Features

  • Total Sq Ft: 3024
  • Total Finished Sq Ft: 2016
  • Above Grade Finished Sq Ft: 2016
  • Below Grade Sq Ft: 1008
  • Price Per Sq Ft: 58.04
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Wood
  • Total Below Grade Sq Ft: 1008
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 4
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Block, Concrete, Stucco
  • Stories: 2

Garage/Parking

  • Parking: Street

Utilities

  • Heating Fuel: Electricity
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 850
  • Annual Maintenance Expense: 2400
  • Annual Water Sewer Expense: 1440
  • Number Electric Meters: 4

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

  • School District: School City of Mishawaka
  • Elementary School: Liberty
  • Middle School: Young
  • High School: Mishawaka
  • Elementary School: Liberty

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 42 X 116
  • Estimated Lot Sq Ft: 4870
  • Estimated Lot Size Acres: 0.1118

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Tax, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 1965
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 3497

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2014
Closed on
Oct 25, 2017
Sold by
Golden Michael J
Bought by
Schlabach Logan and Schlabach Michele L
Seller's Agent
Susan Ullery
RE/MAX 100
Buyer's Agent
Carlos Avelar
Fenix Realty, LLC
List Price
$164,500
Sold Price
$117,000
Premium/Discount to List
-$47,500
-28.88%
Total Days on Market
1126
Current Estimated Value
$198,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,333
Avg. Annual Appreciation
7.72%
Original Mortgage
$87,750
Outstanding Balance
$74,442
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$131,225

Purchase Details

Closed on
Nov 20, 2007
Sold by
Leveque Sharon M
Bought by
Golden Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

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
Schlabach Logan -- Metropolitan Title
Golden Michael J -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schlabach Logan $87,750
Previous Owner Golden Michael J $116,000
Previous Owner Leveque Sharon M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2017 10/25/17 Sold $117,000 -28.9% $58 / Sq Ft
09/20/2017 09/20/17 Pending -- -- --
08/21/2014 08/21/14 For Sale $164,500 -- $82 / 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 $2,789 $168,800 $17,100 $151,700
2023 $2,787 $118,800 $6,800 $112,000
2022 $2,787 $118,800 $6,800 $112,000
2021 $2,610 $110,700 $8,400 $102,300
2020 $3,146 $133,000 $9,900 $123,100
2019 $2,837 $119,400 $8,900 $110,500
2018 $3,373 $113,600 $8,400 $105,200
2017 $3,590 $112,100 $8,400 $103,700
2016 $3,431 $112,100 $8,400 $103,700
2014 $3,369 $124,600 $8,400 $116,200
Source: Public Records

Agents Affiliated with this Home

  • Susan Ullery

    Seller's Agent in 2017

    Susan Ullery

    RE/MAX

    (574) 235-3446

    209 Total Sales

    Susan Ullery
    Section Image
  • Carlos Avelar

    Buyer's Agent in 2017

    Carlos Avelar

    Fenix Realty, LLC

    (574) 849-9022

    250 Total Sales

    Carlos Avelar
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201436934

Indiana Regional MLS

APN: 71-09-09-382-008.000-023

Indiana St Joseph County Mishawaka 46545

626 W Grove St, Mishawaka, IN

Homes for Sale in Mishawaka, IN

This home is located at 626 W Grove St, Mishawaka, IN 46545 since 21 August 2014 and is currently estimated at $198,333, approximately $98 per square foot. This property was built in 1923. 626 W Grove St is a home located in St. Joseph County with nearby schools including Battell 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.

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