NOT LISTED FOR SALE

631 Lincolnway E Mishawaka, IN 46544

Estimated Value: $146,000 - $206,000

4 Beds
2 Baths
2,384 Sq Ft
$77/Sq Ft Est. Value

Last Sold May 09, 2017

Last sale price $63,000 $26 Per Sq Ft

Est. 191% increase in value since last sale

Current estimated payment $1,136/month

158 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Eat-In Kitchen
  • Fenced Yard
  • Porch
  • 2-minute walk to Bingham Park

About This Home

As of May 2017

Drastic price reduction! A true duplex, built as a duplex. Perfect to live in one side and let your tenant help pay the payment. Or maybe family that wants to live next to each other. Side by Side great design with lots of original wood trim and hardwood floors. Located just east of downtown Mishawaka, close to the riverwalk, library, banking, restaurants. Each apartment has its own front porch and private basement, two bedrooms and a bath up, main level offers an eat in kitchen and living room open to dining room. The back yard is divided in half so each apartment has it's own yard. Two car detached garage is shared plus an extra parking place on each side of the garage for each unit. Separate meters, gas & electric.

Last Agent to Sell the Property

Helen Quick

RE/MAX 100 Listed on: 11/10/2016

RE/MAX 100

Last Buyer's Agent

Adam Pendl

eXp Realty, LLC

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 6,251 Sq Ft Lot
  • Lot Dimensions are 47 x 133
  • Fenced Yard
  • Chain Link Fence

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Eat-In Kitchen

Flooring

  • Wood
  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

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

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Porch
  • Suburban Location

Listing and Financial Details

  • Homestead Exemption
  • Tenant pays for cooling, electric, fuel, heating, lawn maintenance, sewer, trash collection, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 71-09-15-154-007.000-023

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,939

Additional Features

  • 2 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1908
  • Age: 109
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Lot 3 Poppendicks 1st Ex 14.65 Ft W Side |
  • Parcel Number ID: 71-09-15-154-007.000-023
  • Platted: Yes
  • Amenities: Basement, Fenced Yard, Off Street Parking, Near Walking Trail, Storage, Cable Available, Eat-In Kitchen, Porch Open, Water Heater Gas
  • Cross Street: Cedar
  • Grid: 165 St. Joe Co. Water
  • Inside City Limits: Yes
  • Location: City/Town/Suburb, Near Walking Trail
  • Road Access: City
  • Sp Lp Percent: 78.85
  • Monthly Gross Income: 1200
  • Year Taxes Payable: 2015
  • Special Features: None

Interior Features

  • Total Sq Ft: 2864
  • Total Finished Sq Ft: 2384
  • Above Grade Finished Sq Ft: 2384
  • Below Grade Sq Ft: 480
  • Price Per Sq Ft: 26.43
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Part Carpet, Vinyl, Wood
  • Total Below Grade Sq Ft: 480
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Fence: Chain Link
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Garage, Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 2939
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 47 X 133
  • Estimated Lot Sq Ft: 6251
  • Estimated Lot Size Acres: 0.1435
  • Lot Number: 3

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cooling, Electric, Fuel, Heating, Lawn Maintenance, Sewer, Trash Collection, Water

Tax Info

  • Total Assessed Value: 74500
  • Exemptions: Homestead
  • Annual Property Tax: 2111

Multi Family

  • Gross Monthly Rent: 1200
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

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

Listed on
Nov 10, 2016
Closed on
May 8, 2017
Sold by
Mangini Mike C and Mangini Michelle Lisa
Bought by
Entrust Group Fbo
Seller's Agent
Helen Quick
RE/MAX 100
Buyer's Agent
Adam Pendl
eXp Realty, LLC
List Price
$90,000
Sold Price
$63,000
Premium/Discount to List
-$27,000
-30%
Total Days on Market
158
Current Estimated Value
$183,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,563
Avg. Annual Appreciation
11.87%

Purchase Details

Closed on
Nov 15, 2012
Sold by
Mangini Mike C
Bought by
Mangini Mike C and Mangini Michelle Lisa

Purchase Details

Closed on
Aug 11, 2006
Sold by
Four Green Properties Llc
Bought by
Mangini Mike C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
6.78%
Mortgage Type
New Conventional
Source: Public Records

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    Section Image

Range of Values:

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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
Entrust Group Fbo -- --
Mangini Mike C -- Metropolitan Title In Llc
Mangini Mike C -- Metroplitan Title In Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mangini Mike C $82,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2017 05/09/17 Sold $63,000 -30.0% $26 / Sq Ft
04/17/2017 04/17/17 Pending -- -- --
11/10/2016 11/10/16 For Sale $90,000 -- $38 / 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 $1,941 $144,000 $25,000 $119,000
2023 $2,107 $82,700 $8,400 $74,300
2022 $2,107 $89,800 $8,400 $81,400
2021 $1,945 $107,200 $9,200 $98,000
2020 $1,424 $62,500 $11,700 $50,800
2019 $1,428 $130,900 $11,300 $119,600
2018 $2,301 $77,500 $9,200 $68,300
2017 $2,431 $75,900 $9,200 $66,700
2016 $2,323 $75,900 $9,200 $66,700
2014 $2,025 $74,900 $9,200 $65,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201651692

Indiana Regional MLS

APN: 71-09-15-154-007.000-023