NOT LISTED FOR SALE

721 Cleveland Ave Unit 723 South Bend, IN 46628

Near Northwest Neighborhood

Estimated Value: $120,000 - $166,561

8 Beds
4 Baths
3,131 Sq Ft
$43/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $110,000 $35 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $965/month

5 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Forced Air Heating System
  • Adams High School Rated A-
  • Double Pane Windows
  • Storm Doors

About This Home

As of August 2021

Great income potential on this HUGE Duplex. One side has been completely renovated and is ready for new tenants. With 4 bedrooms and 2 FULL baths on each side, this duplex is a rare find in this area and has potential to produce a nice revenue. Each side has their own utilities and tenants have paid for all of their utilities. Schedule your showing today!

Last Agent to Sell the Property

Aaron Cowham

Howard Hanna SB Real Estate Listed on: 07/16/2021

Last Buyer's Agent

Brandon Thomas

Irish Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,101

Year Built

  • Built in 1916

Lot Details

  • 5,358 Sq Ft Lot
  • Lot Dimensions are 40x134
  • Fenced Yard
  • Wood Fence
  • Level Lot

Home Design

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

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Basement Fills Entire Space Under The House
  • Storm Doors
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

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

Location

  • Suburban Location

Utilities

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

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating, sewer, trash collection, water
  • The owner pays for building insurance, lawn maintenance, maintenance, tax
  • Assessor Parcel Number 71-08-02-307-030.000-026

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,101

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1916
  • Age: 105
  • Style: Two Story
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: LOT 99 40'S SIDE A G CUSHINGS 4TH ADD
  • Parcel Number ID: 71-08-02-307-030.000-026
  • Platted: Yes
  • Amenities: Basement, Fenced Yard, Off Street Parking, Countertops-Laminate, Storm Doors, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 95.74
  • Special Features: None

Interior Features

  • Total Sq Ft: 4465
  • Total Finished Sq Ft: 3131
  • Above Grade Finished Sq Ft: 3131
  • Below Grade Sq Ft: 1334
  • Price Per Sq Ft: 35.13
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Laminate, Wood, Vinyl
  • Total Below Grade Sq Ft: 1334
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Vinyl, Wood
  • Roof Material: Asphalt
  • Fence: Privacy, Wood
  • Stories: 2

Garage/Parking

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

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Muessel
  • Middle School: Edison
  • High School: Adams

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 40X134
  • Estimated Lot Sq Ft: 5358
  • Estimated Lot Size Acres: 0.123
  • Lot Number: 99

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows, Storm Doors

Rental Info

  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Tax
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Sewer, Trash Collection, Water

Tax Info

  • Annual Property Tax: 1101

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of 4 Bedrooms: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Aug 25, 2021
Sold by
Sanchez Jean
Bought by
Shen Andrew
Seller's Agent
Aaron Cowham
Howard Hanna SB Real Estate
Buyer's Agent
Brandon Thomas
Irish Realty
List Price
$114,900
Sold Price
$110,000
Premium/Discount to List
-$4,900
-4.26%
Total Days on Market
5
Current Estimated Value
$135,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,890
Avg. Annual Appreciation
5.05%
Original Mortgage
$82,500
Outstanding Balance
$75,945
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$56,986

Purchase Details

Closed on
Jun 24, 2020
Sold by
Danny Moore
Bought by
Sanchez Jean

Purchase Details

Closed on
Jan 3, 2008
Sold by
Fallquist Thomas M
Bought by
Moore Danny and Moore Kolleen

Purchase Details

Closed on
May 10, 2007
Sold by
Canarecci Frank
Bought by
Argent Securties Inc
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
Shen Andrew $110,000 None Available
Sanchez Jean -- Metropolitan Title
Moore Danny -- None Available
Argent Securties Inc $58,500 Meridian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shen Andrew $82,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2021 08/27/21 Sold $110,000 -4.3% $35 / Sq Ft
07/16/2021 07/16/21 For Sale $114,900 -- $37 / 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 $2,520 $101,800 $8,000 $93,800
2023 $2,450 $102,100 $8,000 $94,100
2022 $2,450 $102,100 $8,000 $94,100
2021 $2,160 $88,200 $2,600 $85,600
2020 $1,144 $45,900 $2,200 $43,700
2019 $961 $45,900 $2,200 $43,700
2018 $1,148 $46,300 $2,200 $44,100
2017 $1,182 $45,700 $2,200 $43,500
2016 $1,206 $45,700 $2,200 $43,500
2014 $1,189 $87,400 $2,600 $84,800
Source: Public Records

Agents Affiliated with this Home

  • Aaron Cowham

    Seller's Agent in 2021

    Aaron Cowham

    Howard Hanna SB Real Estate

    (574) 532-8412

    5 in this area

    271 Total Sales

    Aaron Cowham
    Section Image
  • Brandon Thomas

    Buyer's Agent in 2021

    Brandon Thomas

    Irish Realty

    (219) 851-3677

    1 in this area

    46 Total Sales

    Brandon Thomas
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202128484

Indiana Regional MLS

APN: 71-08-02-307-030.000-026

Indiana St Joseph County South Bend 46628 Near Northwest

721 Cleveland Ave Unit 723, South Bend, IN

This home is located at 721 Cleveland Ave Unit 723, South Bend, IN 46628 since 16 July 2021 and is currently estimated at $135,890, approximately $43 per square foot. This property was built in 1916. 721 Cleveland Ave Unit 723 is a home located in St. Joseph County with nearby schools including Muessel Primary Center, Edison Middle School, and Adams 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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