NOT LISTED FOR SALE

718 California Ave South Bend, IN 46616

Near Northwest Neighborhood

Estimated Value: $156,000 - $196,000

4 Beds
2 Baths
1,824 Sq Ft
$96/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $150,000 $82 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,122/month

2 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Level Lot
  • Covered Patio or Porch
  • Ceiling Fan
  • Wood Siding

About This Home

As of July 2022

Come see this cash flowing duplex in South Bend's resurging Near Northwest Neighborhood! Wonderfully historic in character, this beautiful house has two 2-bed/1-bath units currently rented. Add this instant cash flowing asset into your portfolio, update slightly for some serious short-term rental income (subject to current tenant leases), or live for nearly free in one unit while renting the other. 3rd level accessible via stairway and could be finished for even more return on investment! Don't miss out, this kind of opportunity doesn't come around often, especially in this market! Hard-money financing available. **Highest and best by 8pm Thursday 5/19**

Last Agent to Sell the Property

Nick Benninghoff

Cressy & Everett - South Bend Listed on: 05/17/2022

Cressy & Everett - South Bend

Last Buyer's Agent

Abram Christianson

Howard Hanna SB Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,723

Year Built

  • Built in 1920

Lot Details

  • 5,759 Sq Ft Lot
  • Lot Dimensions are 48x120
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Schools

  • Madison Elementary School
  • Clay Middle School
  • Clay High School

Utilities

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

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for trash collection, water
  • Assessor Parcel Number 71-08-02-261-007.000-026

Community Details

Overview

  • 2 Units
  • Shetterly Place Subdivision

Building Details

  • Insurance Expense $869
  • Maintenance Expense $1,400
  • Water Sewer Expense $1,050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,723

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1920
  • Age: 102
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOT 109 SHETTERLEY PL 3RD ADD
  • Parcel Number ID: 71-08-02-261-007.000-026
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Near Walking Trail, Countertops-Laminate, Porch Covered
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Zoning Description: Urban Neighborhood 1
  • Monthly Gross Income: 1400
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 2988
  • Total Finished Sq Ft: 1824
  • Above Grade Finished Sq Ft: 1824
  • Above Grade Unfinished Sq Ft: 264
  • Below Grade Sq Ft: 900
  • Price Per Sq Ft: 82.24
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Laminate, Wood
  • Main Level Sq Ft: 924
  • Total Below Grade Sq Ft: 900
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum, Vinyl, Wood
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: South Bend Municipal Util
  • Annual Insurance Expense: 869
  • Annual Maintenance Expense: 1400
  • Annual Water Sewer Expense: 1050
  • Number Of W D Hookups: 1

Schools

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

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 48x120
  • Estimated Lot Sq Ft: 5759
  • Estimated Lot Size Acres: 0.1322
  • Lot Number: 109

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electric, Heating

Tax Info

  • Total Assessed Value: 71800
  • Annual Property Tax: 1723

Multi Family

  • Gross Monthly Rent: 1400
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

MLS Schools

  • High School: Clay
  • Middle School: Clay
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Jul 1, 2022
Sold by
Anderson and Kirsten
Bought by
Christianson Abram
Seller's Agent
Nick Benninghoff
Cressy & Everett - South Bend
Buyer's Agent
Abram Christianson
Howard Hanna SB Real Estate
List Price
$150,000
Sold Price
$150,000
Current Estimated Value
$174,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,976
Avg. Annual Appreciation
2.93%
Original Mortgage
$108,750
Outstanding Balance
$104,208
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$60,337

Purchase Details

Closed on
Jan 5, 2022
Sold by
J & J 1 Llc
Bought by
Anderson Trevor and Anderson Kirsten

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,750
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2009
Sold by
Madden James S and Madden Deanna J
Bought by
J & J 1 Llc
Source: Public Records

Range of Values:

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Average Value
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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
Christianson Abram -- Metropolitan Title
Anderson Trevor $117,000 Near North Title Group
J & J 1 Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Christianson Abram $108,750
Previous Owner Anderson Trevor $87,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Sold $150,000 0.0% $82 / Sq Ft
05/19/2022 05/19/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $150,000 -- $82 / 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 $2,112 $85,100 $17,400 $67,700
2023 $2,040 $85,000 $17,400 $67,600
2022 $2,040 $85,000 $17,400 $67,600
2021 $1,766 $71,800 $10,100 $61,700
2020 $1,766 $71,800 $10,100 $61,700
2019 $1,471 $71,400 $9,700 $61,700
2018 $1,903 $77,100 $9,700 $67,400
2017 $1,929 $75,600 $9,700 $65,900
2016 $1,970 $75,600 $9,700 $65,900
2014 $1,448 $55,400 $9,700 $45,700
Source: Public Records

Agents Affiliated with this Home

  • Nick Benninghoff

    Seller's Agent in 2022

    Nick Benninghoff

    Cressy & Everett - South Bend

    (574) 233-6141

    4 in this area

    107 Total Sales

    Nick Benninghoff
    Section Image
  • Abram Christianson

    Buyer's Agent in 2022

    Abram Christianson

    Howard Hanna SB Real Estate

    (574) 309-0602

    21 in this area

    305 Total Sales

    Abram Christianson
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202218685

Indiana Regional MLS

APN: 71-08-02-261-007.000-026

Indiana St Joseph County South Bend 46616 Near Northwest

718 California Ave, South Bend, IN

This home is located at 718 California Ave, South Bend, IN 46616 since 17 May 2022 and is currently estimated at $174,976, approximately $95 per square foot. This property was built in 1920. 718 California Ave is a home located in St. Joseph County with nearby schools including Muessel Primary Center, Edison Middle School, and Clay High School.

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.

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