NOT LISTED FOR SALE

Estimated Value: $200,324 - $654,000

4 Beds
2.5 Baths
2,240 Sq Ft
$162/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $145,000 $65 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $2,303/month

7 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 3-minute walk to Howard Park Ice Rink
  • Adams High School Rated A-
  • Level Lot

About This Home

As of August 2020

If you’ve been looking for a fantastic retail space near downtown this is your chance! Situated in one of South Bend’s most desirable and revitalized locations, this two story commercial property offers you over 1,000 sq ft of retail space and a well maintained walk-up apartment. With its location in the bustling East Bank area of downtown, this prime setting is near the East Race and East Bank Emporium as well as new development like The Village at River Walk, the new and improved Howard Park, and many newer restaurants such as Render Kitchen and The General Deli - the perfect location for your shop or boutique! With such a great setting this is a fantastic opportunity for any small business owner! So don’t wait - schedule your showing today!

Last Listed By

Steve Smith

Irish Realty Listed on: 06/22/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,686

Year Built

  • Built in 1917

Lot Details

  • 3,215 Sq Ft Lot
  • Level Lot

Parking

  • 1 Parking Space

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Walkup Attic
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Unfinished Basement

  • Laundry in Basement
  • Crawl Space

Schools

  • Madison Elementary School
  • Navarre Middle School
  • Riley High School

Utilities

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

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for electric, fuel, sewer, tax, water
  • Assessor Parcel Number 71-08-12-257-003.000-026

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $2,200
  • Fuel Expense $1,920
  • Insurance Expense $2,300
  • Water Sewer Expense $960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,686

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1917
  • Age: 103
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: 40X66 FT MID PT LOT 246 40X6 FT MID PT N SIDE & 12X28 FT ADJ SE COR LOT 247 COTTRELLS 1ST
  • Parcel Number ID: 71-08-12-257-003.000-026
  • Platted: Yes
  • Amenities: Basement, Attic-Walk-up, Countertops-Laminate, Water Heater Gas
  • Sp Lp Percent: 85.34
  • Monthly Gross Income: 2150
  • Year Taxes Payable: 2018
  • Special Features: None

Interior Features

  • Total Sq Ft: 3360
  • Total Finished Sq Ft: 2240
  • Above Grade Finished Sq Ft: 2240
  • Below Grade Sq Ft: 1120
  • Price Per Sq Ft: 64.73
  • Basement: Yes
  • Basement Foundation: Crawl, Unfinished
  • Flooring: Carpet, Vinyl, Wood
  • Total Below Grade Sq Ft: 1120
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 2200
  • Annual Fuel Expense: 1920
  • Annual Insurance Expense: 2300
  • Annual Water Sewer Expense: 960
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Madison
  • Middle School: Navarre
  • High School: Riley
  • Elementary School: Madison

Lot Info

  • Lot Description: Level, 0-2.9999
  • Estimated Lot Sq Ft: 3215
  • Estimated Lot Size Acres: 0.0738
  • Lot Number: 246

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Fuel, Sewer, Tax, Water
  • Tenant Pays: Cable

Multi Family

  • Gross Monthly Rent: 2150
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1686

MLS Schools

  • High School: Riley
  • Middle School: Navarre
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2020
Closed on
Aug 20, 2020
Sold by
Beehive Llc
Bought by
Francisco Britton I Llc
Seller's Agent
Steve Smith
Irish Realty
Buyer's Agent
Stephen Bizzaro
Howard Hanna SB Real Estate
List Price
$169,900
Sold Price
$145,000
Premium/Discount to List
-$24,900
-14.66%
Total Days on Market
7
Current Estimated Value
$362,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,108
Avg. Annual Appreciation
12.33%
Original Mortgage
$120,000
Outstanding Balance
$10,701
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$242,111

Purchase Details

Closed on
Oct 22, 2018
Sold by
Sweeney Robert M
Bought by
Beehive Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2018
Sold by
Roelke Jacqueline
Bought by
Sweeney Robert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2010
Sold by
Sweeney Betty J
Bought by
Sweeney Robert M and Sweeney Betty J

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
Francisco Britton I Llc $159,600 Metropolitan Title
Beehive Llc -- None Available
Sweeney Robert M -- None Available
Sweeney Robert M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Francisco Britton I Llc $120,000
Previous Owner Beehive Llc $110,000
Previous Owner Sweeney Robert M $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $145,000 -14.7% $65 / Sq Ft
06/22/2020 06/22/20 For Sale $169,900 -- $76 / 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 $3,309 $96,600 $18,200 $78,400
2023 $3,281 $96,500 $18,200 $78,300
2022 $3,281 $96,500 $18,200 $78,300
2021 $3,066 $88,900 $18,200 $70,700
2020 $3,147 $91,300 $20,600 $70,700
2019 $2,146 $70,100 $20,600 $49,500
2018 $1,729 $70,600 $20,600 $50,000
2017 $1,389 $54,000 $5,100 $48,900
2016 $1,418 $54,000 $5,100 $48,900
2014 $1,403 $53,700 $5,100 $48,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202023490

Indiana Regional MLS

APN: 71-08-12-257-003.000-026