NOT LISTED FOR SALE

727 E Colfax Ave South Bend, IN 46617

Howard Park-East Bank Neighborhood

Estimated Value: $144,000 - $200,000

4 Beds
3.5 Baths
2,044 Sq Ft
$81/Sq Ft Est. Value

Last Sold June 12, 2020

Last sale price $90,000 $44 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $1,132/month

44 Days on Market

Highlights

  • Covered patio or porch
  • Forced Air Heating System
  • Level Lot
  • Adams High School Rated A-

About This Home

As of June 2020

Just blocks away from downtown, this triplex is a great opportunity to purchase a rental property in the revitalized downtown area. There is no denying this triplex needs some TLC, but the location can't be beat! The main floor features a 2-bed, 1.5 bath unit, but could easily be turned into a 3-bed, 2 bath unit. Upstairs features one efficiency apartment and one 1-bed, 1-bath unit. New refrigerator in downstairs unit and new roof in 2017; remodeled bathroom in efficiency apartment in 2019.

Last Listed By

Mariah Cressy

Cressy & Everett - South Bend Listed on: 04/14/2020

Cressy & Everett - South Bend

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,156

Year Built

  • Built in 1890

Lot Details

  • 2,840 Sq Ft Lot
  • Lot Dimensions are 43x66
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Covered patio or porch

Schools

  • Perley Elementary School
  • Jefferson Middle School
  • Adams High School

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable, electric, heating, sewer, trash collection
  • The owner pays for building insurance, maintenance, tax, water
  • Assessor Parcel Number 71-08-12-206-017.000-026

Community Details

Overview

  • 3 Units
  • Cottrell Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Maintenance Expense $1,200
  • Water Sewer Expense $960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,156

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1890
  • Age: 130
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: 42.5 FT E END LOT 227 COTTRELLS 1ST ADD TO LOWELL
  • Parcel Number ID: 71-08-12-206-017.000-026
  • Platted: Yes
  • Amenities: Basement, Porch Covered, Water Heater Gas
  • Cross Street: St. Peter
  • Sp Lp Percent: 85.71
  • Annual Miscellaneous: 880
  • Monthly Gross Income: 1290
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 3300
  • Total Finished Sq Ft: 2044
  • Above Grade Finished Sq Ft: 2044
  • Below Grade Sq Ft: 1256
  • Price Per Sq Ft: 44.03
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 1256
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Cedar
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Parking: Street

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 1200
  • Annual Water Sewer Expense: 960
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Perley
  • Middle School: Jefferson
  • High School: Adams
  • Elementary School: Perley

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 43x66
  • Estimated Lot Sq Ft: 2840
  • Estimated Lot Size Acres: 0.0652
  • Lot Number: 227

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1290
  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1

Tax Info

  • Annual Property Tax: 2156

MLS Schools

  • High School: Adams
  • Middle School: Jefferson
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2020
Closed on
Jun 12, 2020
Sold by
Biggs Ryan L
Bought by
Panther Svcs Llc
Seller's Agent
Mariah Cressy
Cressy & Everett - South Bend
Buyer's Agent
Paul Gjemre
Coldwell Banker Real Estate Group
List Price
$146,500
Sold Price
$90,000
Premium/Discount to List
-$56,500
-38.57%
Total Days on Market
44
Current Estimated Value
$165,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,667
Avg. Annual Appreciation
22.61%

Purchase Details

Closed on
Sep 9, 2016
Sold by
Alpron Gal
Bought by
Biggs Ryan L

Purchase Details

Closed on
Feb 9, 2011
Sold by
Barak Group Llc
Bought by
Alpron Gal

Purchase Details

Closed on
Dec 30, 2010
Sold by
Downtown Inc
Bought by
Barak Group Llc

Purchase Details

Closed on
May 21, 2009
Sold by
Beyler Michael B
Bought by
Downtown Inc

Purchase Details

Closed on
Jun 16, 2006
Sold by
Strantz Philip R and Strantz Susan C
Bought by
Beyler Michael B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,525
Interest Rate
10.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in South Bend, IN

  • 1416 Miami St, South Bend, IN 46613

    $178,000

    • 3 Beds
    • 3 Baths
    • 2,048 Sq Ft
    • 1416 Miami St
    • South Bend, IN

    4 income producing units! 3 units plus a large detached garage that is currently rented. 2 of the units have been recently updated. New furnace installed January 2022. Windows replaced in two of the units, all units are currently rented. Selling as-is.

    Cheryl Heffernan Berkshire Hathaway HomeServices Goshen

    Section Image
  • 1910-1912 Miami St, South Bend, IN 46613

    $195,000

    • 6 Beds
    • 4 Baths
    • 2,640 Sq Ft
    • 1910-1912 Miami St
    • South Bend, IN

    This well-maintained duplex in South Bend offers two spacious 3-bedroom, 1.5-bathroom units—perfect for long-term rental income. Both units are currently occupied by reliable Section 8 tenants through the South Bend Housing Authority, providing guaranteed income and immediate cash flow for the savvy investor. A rent increase will take effect in 60 days, with the upper unit increasing by $150 and

    Natashia Bontrager McKinnies Realty, LLC

    Section Image
See All Homes in South Bend

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
Panther Svcs Llc -- None Available
Biggs Ryan L -- --
Alpron Gal -- Metropolitan Title In Llc
Barak Group Llc -- Metropolitan Title In Llc
Downtown Inc $12,751 None Available
Beyler Michael B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beyler Michael B $73,525
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2020 06/12/20 Sold $90,000 -14.3% $44 / Sq Ft
05/28/2020 05/28/20 Pending -- -- --
05/26/2020 05/26/20 Price Changed $105,000 -8.7% $51 / Sq Ft
05/17/2020 05/17/20 Price Changed $115,000 -14.8% $56 / Sq Ft
05/14/2020 05/14/20 Price Changed $135,000 -7.8% $66 / Sq Ft
04/14/2020 04/14/20 For Sale $146,500 -- $72 / 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 $2,465 $100,400 $8,900 $91,500
2023 $2,417 $100,700 $8,900 $91,800
2022 $2,417 $100,700 $8,900 $91,800
2021 $2,218 $90,600 $6,800 $83,800
2020 $2,217 $90,600 $6,800 $83,800
2019 $1,871 $90,300 $4,600 $85,700
2018 $2,219 $90,300 $4,600 $85,700
2017 $2,270 $89,200 $4,600 $84,600
2016 $2,317 $89,200 $4,600 $84,600
2014 $2,305 $88,200 $4,600 $83,600
Source: Public Records

Agents Affiliated with this Home

  • Mariah Cressy

    Seller's Agent in 2020

    Mariah Cressy

    Cressy & Everett - South Bend

    (574) 233-6141

    1 in this area

    103 Total Sales

    Mariah Cressy
    Section Image
  • Paul Gjemre

    Buyer's Agent in 2020

    Paul Gjemre

    Coldwell Banker Real Estate Group

    (574) 286-0379

    1 in this area

    65 Total Sales

    Paul Gjemre
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202013108

Indiana Regional MLS

APN: 71-08-12-206-017.000-026

Indiana St Joseph County South Bend 46617 Howard Park-East Bank

727 E Colfax Ave, South Bend, IN

Homes for Sale in South Bend, IN

This home is located at 727 E Colfax Ave, South Bend, IN 46617 since 14 April 2020 and is currently estimated at $165,667, approximately $81 per square foot. This property was built in 1890. 727 E Colfax Ave is a home located in St. Joseph County with nearby schools including Nuner Fine Arts Academy, Jefferson Intermediate Traditional 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.

Nearby Homes