NOT LISTED FOR SALE

Estimated Value: $150,000 - $194,000

3 Beds
3 Baths
2,208 Sq Ft
$77/Sq Ft Est. Value

Last Sold April 26, 2021

Last sale price $119,000 $54 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,139/month

5 Days on Market

Highlights

  • Built-in Bookshelves
  • Forced Air Heating System
  • Carpet

About This Home

As of April 2021

24hrs notice on showings for Tenants Rights. Triplex In Historic District, 2 bedroom downstairs, upstairs is a 1 bedroom and studio apt. 2 units currently rented, Bottom Apt rented at $625, and top at $550 a month. Upstairs tenant just recently signed a new lease. Bottom Tenants pay Gas. and each unit pays own electric. 2 electric Furnaces in each top unit and gas furnace for downstairs unit. Laundry in Basement. 3rd unit could be rented for more income or live in. Please use Covid guidelines when Showing. Seller selling property AS-IS. Taxes, Schools, expenses, and Measurements not warranted.

Last Agent to Sell the Property

Christopher Szajko

GM Realty LLC Listed on: 03/24/2021

Last Buyer's Agent

Stephanie Larimore

RE/MAX 100

RE/MAX 100

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $912

Year Built

  • Built in 1897

Lot Details

  • 2,200 Sq Ft Lot
  • Lot Dimensions are 40x55
  • Irregular Lot

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Partially Finished Basement
  • Block Basement Construction
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cooling, electric, heating, lawn maintenance, snow removal
  • The owner pays for maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 71-08-02-426-002.000-026

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $711
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$912

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1897
  • Age: 124
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: LOT 2 SHETTERLY PL 2ND SUB OF 60
  • Parcel Number ID: 71-08-02-426-002.000-026
  • Platted: Yes
  • Amenities: Fireplace, Built-In Bookcase, Countertops-Laminate
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1175
  • Special Features: None

Interior Features

  • Total Sq Ft: 2676
  • Total Finished Sq Ft: 2208
  • Above Grade Finished Sq Ft: 2208
  • Below Grade Sq Ft: 468
  • Price Per Sq Ft: 53.89
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 468
  • Number Of Ranges Ovens: 3

Exterior Features

  • Stories: 2

Utilities

  • Cooling: Window
  • Heating Fuel: Electricity, Gas, Forced Air
  • Sewer: City, Public
  • Water Utilities: City, Public
  • Annual Insurance Expense: 711
  • Annual Water Sewer Expense: 1200
  • Number Of W D Hookups: 1

Schools

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

Lot Info

  • Lot Description: Irregular
  • Lot Dimensions: 40x55
  • Estimated Lot Sq Ft: 2200
  • Estimated Lot Size Acres: 0.0505
  • Lot Number: 2

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cooling, Electric, Heating, Lawn Maintenance, Snow Removal

Tax Info

  • Total Assessed Value: 45400
  • Annual Property Tax: 912

Multi Family

  • Gross Monthly Rent: 1175
  • 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
  • Num Of Units Rented: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2025
Sold by
Sisk Matthew L and Henecke Jennifer L
Bought by
1423 College Llc
Total Days on Market
5
Current Estimated Value
$169,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,000
Outstanding Balance
$366,000
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
-$214,199

Purchase Details

Listed on
Mar 24, 2021
Closed on
Apr 26, 2021
Sold by
Daniel Lydia
Bought by
Sisk Matthew L and Henecke Jennifer L
Seller's Agent
Christopher Szajko
GM Realty LLC
Buyer's Agent
Stephanie Larimore
RE/MAX 100
List Price
$119,000
Sold Price
$119,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%
Original Mortgage
$89,000
Interest Rate
3%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
1423 College Llc -- Meridian Title
Sisk Matthew L $119,000 None Available
Sisk Matthew L $119,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1423 College Llc $366,000
Previous Owner Sisk Matthew L $89,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2021 04/26/21 Sold $119,000 0.0% $54 / Sq Ft
03/24/2021 03/24/21 For Sale $119,000 -- $54 / 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 $2,358 $93,500 $9,700 $83,800
2023 $2,229 $93,500 $9,700 $83,800
2022 $2,287 $93,500 $9,700 $83,800
2021 $1,133 $45,400 $5,600 $39,800
2020 $1,132 $45,400 $5,600 $39,800
2019 $955 $82,100 $5,500 $76,600
2018 $1,187 $47,900 $5,500 $42,400
2017 $1,224 $47,400 $5,500 $41,900
2016 $1,250 $47,400 $5,500 $41,900
2014 $1,228 $81,000 $5,500 $75,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202109570

Indiana Regional MLS

APN: 71-08-02-426-002.000-026