NOT LISTED FOR SALE

721 W Marion St Elkhart, IN 46516

West Central Neighborhood

Estimated Value: $134,000 - $178,000

5 Beds
5 Baths
3,500 Sq Ft
$46/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $81,000 $23 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $1,020/month

12 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • Carpet

About This Home

As of June 2017

This 5 plex is split between two buildings. Gross rents totaling $33,000/year! This building has had great rental history and is all leased up with long term tenants. New split electric. New roof being installed this spring Interior cosmetic improvements as needed. "Street level" management available. May consider a package with 501 Marion (8 Unit), 614 Marion (6 Unit), and 416 S 6th (5 Unit)

Last Agent to Sell the Property

Dan Brouillette

Pheasant Ridge Realty Listed on: 04/07/2017

Last Buyer's Agent

Joshua Schirr

McKinnies Realty, LLC Elkhart

McKinnies Realty, LLC Elkhart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,640

Year Built

  • Built in 1920

Lot Details

  • 6,930 Sq Ft Lot
  • Lot Dimensions are 42 x 165
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Basement
  • Michigan Basement
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for water
  • Assessor Parcel Number 20-06-08-126-006.000-012

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Electric Expense $100
  • Insurance Expense $1,000
  • Maintenance Expense $500
  • Water Sewer Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,640

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1920
  • Age: 97
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: MATHER EVANS & SCOLES W1/2; LOT 420
  • Parcel Number ID: 20-06-08-126-006.000-012
  • Platted: Yes
  • Amenities: Detector-Smoke
  • Sp Lp Percent: 95.41
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 2730
  • Special Features: None

Interior Features

  • Total Sq Ft: 4300
  • Total Finished Sq Ft: 3500
  • Above Grade Finished Sq Ft: 3500
  • Below Grade Sq Ft: 800
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 800
  • Number Of Ranges Ovens: 5
  • Number Ttl Rooms Below Grade: 12

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 100
  • Annual Insurance Expense: 1000
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 1000

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Elkhart Community
  • Middle School: West Side
  • High School: Memorial

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 42 X 165
  • Estimated Lot Sq Ft: 6930
  • Estimated Lot Size Acres: 0.1591

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric, Heating

Multi Family

  • Gross Monthly Rent: 2730
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Num Of1 Bedrooms: 5
  • Num Of Units Rented: 5

Tax Info

  • Annual Property Tax: 1640

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2024
Sold by
Jawad Real Estate Llc
Bought by
Saladin Realty Group Llc
Current Estimated Value
$160,006

Purchase Details

Closed on
Dec 6, 2019
Sold by
Indiana 721 Land Trusts
Bought by
Jawad Real Estate Llc

Purchase Details

Closed on
Dec 18, 2015
Sold by
721 W Marion St Land Trust
Bought by
Indiana 721 Land Trust

Purchase Details

Closed on
Sep 5, 2008
Sold by
Rohrer Daniel R and Rohrer Diana E
Bought by
721 W Marion St Land Trust
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
Saladin Realty Group Llc -- None Listed On Document
Jawad Real Estate Llc -- Fidelity National Ttl Co Llc
Indiana 721 Land Trust -- None Available
721 W Marion St Land Trust -- Lawyers Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2017 06/30/17 Sold $81,000 -4.6% $23 / Sq Ft
04/19/2017 04/19/17 Pending -- -- --
04/07/2017 04/07/17 For Sale $84,900 -- $24 / 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 $2,058 $106,900 $13,500 $93,400
2022 $2,058 $102,400 $13,500 $88,900
2021 $2,067 $101,200 $13,500 $87,700
2020 $1,969 $90,500 $13,500 $77,000
2019 $1,772 $81,700 $13,500 $68,200
2018 $1,795 $82,200 $13,500 $68,700
2017 $1,686 $77,000 $13,500 $63,500
2016 $1,637 $74,900 $13,500 $61,400
2014 $974 $45,700 $4,400 $41,300
2013 $1,162 $58,100 $12,800 $45,300
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Dan Brouillette

    Pheasant Ridge Realty

  • Joshua Schirr

    Buyer's Agent in 2017

    Joshua Schirr

    McKinnies Realty, LLC Elkhart

    (574) 606-7771

    1 in this area

    101 Total Sales

    Joshua Schirr
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Map

Source: Indiana Regional MLS

MLS Number: 201714340

Indiana Regional MLS

APN: 20-06-08-126-006.000-012

Indiana Elkhart County Elkhart 46516 West Central

721 W Marion St, Elkhart, IN

This home is located at 721 W Marion St, Elkhart, IN 46516 since 07 April 2017 and is currently estimated at $160,006, approximately $45 per square foot. This property was built in 1920. 721 W Marion St is a home located in Elkhart County with nearby schools including Mary Daly Elementary School, West Side Middle School, and Elkhart 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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