NOT LISTED FOR SALE

705 W Franklin St Elkhart, IN 46516

West Central Neighborhood

Estimated Value: $126,000 - $201,263

6 Beds
4 Baths
2,768 Sq Ft
$59/Sq Ft Est. Value

Last Sold March 16, 2016

Last sale price $28,000 $10 Per Sq Ft

Est. 488% increase in value since last sale

Current estimated payment $1,120/month

297 Days on Market

Highlights

  • Traditional Architecture
  • Covered patio or porch
  • Forced Air Heating System
  • Wood Flooring
  • Eat-In Kitchen
  • Level Lot

About This Home

As of March 2016

Large duplex with large rooms. Both side are same. Remodeled in last 4 years. Buyer to verify zoning, taxes, room sizes, square footage and schools.

Last Listed By

Shelley Tucker

Assurance Property Management & Realty Inc Listed on: 05/01/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,882 Sq Ft Lot
  • Lot Dimensions are 41 x 142
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Eat-In Kitchen
  • Washer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms

Basement

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

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Schools

  • Mary Feeser Elementary School
  • North Side Middle School
  • Elkhart Central High School

Utilities

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

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating
  • The owner pays for water
  • Assessor Parcel Number 20-06-08-105-007.000-012

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $613
  • Insurance Expense $700
  • Maintenance Expense $500
  • Water Sewer Expense $1,012

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 116
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 4
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 2
  • Legal Description: MATHER EVANS & SCOLES W/12; LOT 405 |
  • Parcel Number ID: 20-06-08-105-007.000-012
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Cable Available, Detector-Carbon Monoxide, Detector-Smoke, Eat-In Kitchen, Porch Covered, Water Heater Electric, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 80.23
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 1430
  • Year Taxes Payable: 2014
  • Special Features: None

Interior Features

  • Total Sq Ft: 4152
  • Total Finished Sq Ft: 2768
  • Above Grade Finished Sq Ft: 2768
  • Below Grade Sq Ft: 1384
  • Price Per Sq Ft: 10.12
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl, Wood
  • Total Below Grade Sq Ft: 1384
  • Number Of Ranges Ovens: 2

Exterior Features

  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

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

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Annual Fuel Expense: 612.86
  • Annual Insurance Expense: 700
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 1012.29
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Mary Feeser
  • Middle School: North Side
  • High School: Elkhart Central
  • Elementary School: Mary Feeser

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 41 x 142
  • Estimated Lot Sq Ft: 5882
  • Estimated Lot Size Acres: 0.133
  • Expiration Of Permit: 08/01/2016

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Water
  • Tenant Pays: Cable, Cooling, Electric, Heating

Multi Family

  • Gross Monthly Rent: 1430
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of 3 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1520.02

MLS Schools

  • High School: Elkhart Central
  • Middle School: North Side
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2015
Closed on
Mar 16, 2016
Sold by
G Group Property Management Llc
Bought by
Equity Trust Co and Roth Marcia Betchel
Seller's Agent
Shelley Tucker
Assurance Property Management & Realty Inc
Buyer's Agent
Brad Beer
Heart City Realty LLC
List Price
$54,900
Sold Price
$28,000
Premium/Discount to List
-$26,900
-49%
Total Days on Market
297
Current Estimated Value
$164,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,566
Avg. Annual Appreciation
23.66%

Purchase Details

Listed on
Nov 15, 2012
Closed on
Jun 7, 2013
Sold by
Out Of The Box Llc
Bought by
G Group Property Management Llc
Seller's Agent
Morgan Lytle
Realty Experts LLC
Buyer's Agent
Shelley Tucker
Assurance Property Management & Realty Inc
List Price
$29,900
Sold Price
$19,000
Premium/Discount to List
-$10,900
-36.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.97%

Purchase Details

Closed on
Apr 13, 2012
Sold by
Statler Mary Jane
Bought by
Out Of The Box Llc

Purchase Details

Closed on
Apr 10, 2012
Sold by
Statler Mary Jane
Bought by
Our Of The Box Llc

Purchase Details

Closed on
Nov 30, 2004
Sold by
Stuart W Statler Living Trust and Statler Mary Jane
Bought by
The Stuart W Statler Living Trust

Range of Values:

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Average Value
Not Available
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
Equity Trust Co -- None Available
G Group Property Management Llc -- Lawyers Title
Out Of The Box Llc -- Lawyers Title
Our Of The Box Llc -- Lawyers Title
The Stuart W Statler Living Trust -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2016 03/16/16 Sold $28,000 -49.0% $10 / Sq Ft
02/22/2016 02/22/16 Pending -- -- --
05/01/2015 05/01/15 For Sale $54,900 +188.9% $20 / Sq Ft
06/07/2013 06/07/13 Sold $19,000 -36.5% $7 / Sq Ft
05/31/2013 05/31/13 Pending -- -- --
11/15/2012 11/15/12 For Sale $29,900 -- $11 / 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 $2,489 $70,700 -- $70,700
2022 $2,489 $54,000 $12,500 $41,500
2021 $1,110 $54,000 $12,500 $41,500
2020 $1,181 $54,000 $12,500 $41,500
2019 $1,079 $49,500 $3,800 $45,700
2018 $1,098 $50,700 $3,800 $46,900
2017 $1,100 $50,700 $3,800 $46,900
2016 $1,487 $68,700 $7,600 $61,100
2014 $1,505 $70,600 $7,600 $63,000
2013 $858 $42,900 $11,800 $31,100
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Shelley Tucker

    Assurance Property Management & Realty Inc

    (574) 320-3300

    2 in this area

    58 Total Sales

    Shelley Tucker
    Section Image
  • Brad Beer

    Buyer's Agent in 2016

    Brad Beer

    Heart City Realty LLC

    (574) 875-5149

    2 in this area

    292 Total Sales

    Brad Beer
    Section Image

  • M

    Seller's Agent in 2013

    Morgan Lytle

    Realty Executives

    (574) 304-9583

    1 in this area

    99 Total Sales

    Morgan Lytle
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201520012

Indiana Regional MLS

APN: 20-06-08-105-007.000-012

Indiana Elkhart County Elkhart 46516 West Central

705 W Franklin St, Elkhart, IN

Homes for Sale in Elkhart, IN

This home is located at 705 W Franklin St, Elkhart, IN 46516 since 01 May 2015 and is currently estimated at $164,566, approximately $59 per square foot. This property was built in 1900. 705 W Franklin St is a home located in Elkhart County with nearby schools including Beardsley Elementary School, North Side Middle School, and Elkhart High School's Freshman Division.

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.