NOT LISTED FOR SALE

715 Lincolnway W Mishawaka, IN 46544

Estimated Value: $94,881 - $178,000

3 Beds
3 Baths
1,442 Sq Ft
$103/Sq Ft Est. Value

Last Sold August 05, 2014

Last sale price $38,000 $26 Per Sq Ft

Est. 289% increase in value since last sale

Current estimated payment $1,079/month

227 Days on Market

Highlights

  • Traditional Architecture
  • Luxury Vinyl Tile Flooring
  • 3-minute walk to Lincoln Park
  • Corner Lot
  • Laundry Facilities

About This Home

As of August 2014

Nice 3 unit building near downtown Mishawaka. Minor repairs needed and are being addressed one unit at a time. One unit now rented.

Last Agent to Sell the Property

Richard Taylor

Realty Plus, Inc. Listed on: 11/25/2013

Last Buyer's Agent

Pete Taddeo

Realty Plus, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 66 x 80
  • Corner Lot
  • Level Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Basement

  • Michigan Basement
  • Block Basement Construction
  • Laundry in Basement

Parking

  • 3 Parking Spaces
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Emmons Elementary School
  • Young Middle School
  • Mishawaka High School

Listing and Financial Details

  • Tenant pays for cable, electric, heating
  • The owner pays for lawn maintenance, maintenance, snow removal, sewer, tax, trash collection, water
  • Assessor Parcel Number 71-09-16-180-001.000-023

Community Details

Building Details

  • Insurance Expense $1,000
  • Maintenance Expense $1,600
  • Water Sewer Expense $1,680

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1904
  • Age: 110
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: N 1/22 Of 1 Rd W & Adj Tri Pc S End Lot 8 Taylor Add to St Joe Iron Works |
  • Parcel Number ID: 71-09-16-180-001.000-023
  • Platted: Yes
  • Amenities: Basement
  • Grid: Mishawaka S
  • Location: City/Town/Suburb
  • Sp Lp Percent: 76
  • Annual Miscellaneous: 960
  • Monthly Gross Income: 1350
  • Year Taxes Payable: 2014
  • Special Features: None

Interior Features

  • Total Sq Ft: 1842
  • Total Finished Sq Ft: 1442
  • Above Grade Finished Sq Ft: 1442
  • Below Grade Sq Ft: 400
  • Price Per Sq Ft: 26.35
  • Basement Foundation: Michigan Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl Tile
  • Total Below Grade Sq Ft: 400
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 3
  • Parking: Gravel, Off Street, Street

Utilities

  • Heating Fuel: Electricity
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1000
  • Annual Maintenance Expense: 1600
  • Annual Water Sewer Expense: 1680
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Common Amenities: Laundry Facilities

Schools

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

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 66 x 80
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Lawn Maintenance, Maintenance, Snow Removal, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Electric, Heating

Tax Info

  • Total Assessed Value: 85000
  • Tax Code: Tax Code 16-Mishawaka
  • Annual Property Tax: 3266.1

Multi Family

  • Gross Monthly Rent: 1350
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1

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
Nov 25, 2013
Closed on
Jul 23, 2014
Sold by
Colclasure Lisa
Bought by
Valued Properties Ltd
Seller's Agent
Richard Taylor
Realty Plus, Inc.
Buyer's Agent
Pete Taddeo
Realty Plus, Inc.
List Price
$60,000
Sold Price
$38,000
Premium/Discount to List
-$22,000
-36.67%
Current Estimated Value
$147,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,960
Avg. Annual Appreciation
12.98%

Purchase Details

Closed on
Nov 15, 2013
Sold by
Wilcox Benjamin
Bought by
Colclasure Lisa

Purchase Details

Closed on
Oct 27, 2006
Sold by
Benge Enterprises Inc
Bought by
Wilcox Benjamin and Wilcox Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,500
Interest Rate
6.47%

Purchase Details

Closed on
Feb 8, 2006
Sold by
Goody Pete
Bought by
A A
Source: Public Records

Range of Values:

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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
Valued Properties Ltd -- --
Colclasure Lisa -- --
Wilcox Benjamin -- None Available
A A $78,300 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilcox Benjamin $73,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2014 08/05/14 Sold $38,000 -36.7% $26 / Sq Ft
07/10/2014 07/10/14 Pending -- -- --
11/25/2013 11/25/13 For Sale $60,000 -- $42 / 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 $3,565 $106,100 $23,800 $82,300
2023 $3,563 $106,500 $23,800 $82,700
2022 $3,563 $106,500 $23,800 $82,700
2021 $3,361 $100,100 $23,800 $76,300
2020 $3,369 $100,100 $23,800 $76,300
2019 $3,379 $100,100 $23,800 $76,300
2018 $4,005 $100,900 $23,800 $77,100
2017 $4,148 $98,700 $23,800 $74,900
2016 $3,492 $86,000 $23,800 $62,200
2014 $3,148 $85,000 $23,800 $61,200
2013 $3,236 $85,000 $23,800 $61,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201318641

Indiana Regional MLS

APN: 71-09-16-180-001.000-023