$59,000
SOLD JAN 31, 2019
6 Beds
3 Baths
1,789 Sq Ft
8,834 Sq Ft Lot

Recently Sold

$33 Per Sq Ft

14% Below List Price

132 Days on Market

Highlights

  • 92 Feet of Waterfront
  • Solid Surface Countertops
  • Forced Air Heating System
  • Partially Wooded Lot
  • Eat-In Kitchen
  • The river is a source of water for the property

About This Home

As of August 2024

2 houses on the same lot. Both currently rented. Small house (712) rents for $650/month. Large home rents for $850/month. Tenants pay own utilities and take care of yards. Currently approximately a 20% ROI. Small house is approx. 624 sq and the large house is approx. 2037 sf. Schools, taxes, sf, rooms sizes not verified.

Last Agent to Sell the Property

Shelley Tucker

Assurance Property Management & Realty Inc Listed on: 08/27/2018

Last Buyer's Agent

Aaron Cowham

Howard Hanna SB Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 8,834 Sq Ft Lot
  • Lot Dimensions are 92 x 96
  • 92 Feet of Waterfront
  • Sloped Lot
  • Partially Wooded Lot

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Washer Hookup

Basement

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

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • The river is a source of water for the property
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Sun Deck
  • Suburban Location

Listing and Financial Details

  • Tenant pays for alarm, cable, electric, heating, lawn maintenance, sewer, trash collection, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 20-06-05-357-022.000-012

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Maintenance Expense $500

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Waterfront: Yes
  • Year Built: 1900
  • Age: 119
  • Style: One and Half Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: PT IN W1/2 SW1/4 ON N SIDE; FRANKLIN ST TO RIVER SEC 5; .24A |
  • Parcel Number ID: 20-06-05-357-022.000-012
  • Platted: Yes
  • Amenities: Cable Available, Countertops-Solid Surf, Deck on Waterfront, Detector-Carbon Monoxide, Detector-Smoke, Eat-In Kitchen, Water Heater Electric, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 85.51
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 1500
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 3578
  • Total Finished Sq Ft: 1789
  • Above Grade Finished Sq Ft: 1789
  • Below Grade Sq Ft: 1789
  • Price Per Sq Ft: 32.98
  • Basement: Yes
  • Basement Foundation: Full Basement, Michigan Basement, Outside Entrance
  • Basement Material: Block
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 1789
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Water Frontage: 92
  • Water Name: Elkhart River
  • Stories: 2

Garage/Parking

  • Driveway: Concrete
  • 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
  • Water Type: River
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 500
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Mary Feeser
  • Middle School: Pierre Moran
  • High School: Elkhart Central

Lot Info

  • Lot Description: Partially Wooded, Slope, Waterfront, Water View, Waterfront-High Bank
  • Lot Dimensions: 92 x 96
  • Estimated Lot Sq Ft: 8834
  • Estimated Lot Size Acres: 0.2028

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1500
  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 1
  • Number Of 4 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1734

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2024
Closed on
Aug 22, 2024
Sold by
Sbre Llc and Sbre Properties Llc
Bought by
Fc Properties Llc
Seller's Agent
Chelsea Revella
McKinnies Realty, LLC Elkhart
Buyer's Agent
Cynthia Acosta
Century 21 Circle
List Price
$120,000
Sold Price
$120,000
Current Estimated Value
$129,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,024
Avg. Annual Appreciation
6.81%

Purchase Details

Closed on
Sep 26, 2022
Sold by
Marble Daren T and Marble Kelly E
Bought by
Sbre Llc

Purchase Details

Listed on
Aug 27, 2018
Closed on
Feb 1, 2019
Sold by
Siming Li
Bought by
Marble Daren T and Marble Kelly E
Seller's Agent
Shelley Tucker
Assurance Property Management & Realty Inc
Buyer's Agent
Aaron Cowham
Howard Hanna SB Real Estate
List Price
$69,000
Sold Price
$59,000
Premium/Discount to List
-$10,000
-14.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.47%

Purchase Details

Listed on
Aug 27, 2018
Closed on
Jan 27, 2019
Sold by
Siming Li
Bought by
Marble Daren T and Marble Kelly E
Seller's Agent
Shelley Tucker
Assurance Property Management & Realty Inc
Buyer's Agent
Aaron Cowham
Howard Hanna SB Real Estate
List Price
$69,000
Sold Price
$59,000
Premium/Discount to List
-$10,000
-14.49%

Purchase Details

Closed on
Jul 16, 2010
Sold by
Simons Jeff
Bought by
Li Siming

Purchase Details

Closed on
Jun 20, 2008
Sold by
U S Bank Na
Bought by
Simons Jeff

Purchase Details

Closed on
Feb 21, 2007
Sold by
Adams Nancie C
Bought by
Us Bank Na
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $120,000 Fidelity National Title Compan
Quit Claim Deed -- Fidelity National Title
Warranty Deed -- New Title Company Name
Warranty Deed -- New Title Company Name
Quit Claim Deed -- Lawyers Title
Special Warranty Deed -- World Title Guaranty Inc
Sheriffs Deed $34,200 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2024 08/23/24 Sold $120,000 0.0% $67 / Sq Ft
08/12/2024 08/12/24 For Sale $120,000 +103.4% $67 / Sq Ft
01/31/2019 01/31/19 Sold $59,000 -14.5% $33 / Sq Ft
01/06/2019 01/06/19 Pending -- -- --
11/07/2018 11/07/18 For Sale $69,000 0.0% $39 / Sq Ft
11/05/2018 11/05/18 Pending -- -- --
08/27/2018 08/27/18 For Sale $69,000 -- $39 / 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 $2,599 $122,800 $22,500 $100,300
2022 $2,374 $17,800 $14,400 $3,400
2021 $376 $17,800 $14,400 $3,400
2020 $399 $17,800 $14,400 $3,400
2019 $2,002 $92,400 $17,200 $75,200
2018 $2,031 $93,100 $17,200 $75,900
2017 $2,100 $86,200 $17,200 $69,000
2016 $1,834 $84,000 $17,200 $66,800
2014 $1,718 $80,600 $17,200 $63,400
2013 $1,820 $91,000 $17,200 $73,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201838595

Indiana Regional MLS

APN: 20-06-05-357-022.000-012