$130,000
SOLD AUG 10, 2018
3 Beds
3 Baths
2,057 Sq Ft
8,102 Sq Ft Lot

Recently Sold

$63 Per Sq Ft

10% Below List Price

10 Days on Market

Highlights

  • Eat-In Kitchen
  • Level Lot
  • 3-minute walk to Water Tower Park
  • Forced Air Heating System
  • Carpet

About This Home

As of November 2020

Nice South Side 3 unit rental property. 3 units all having 1 bedroom and 1 bath. 2 units on main level and one upstairs. Main level units have generous sized rooms. Apt 2 and 3 have laundry areas. 20x22 detached garage is used by owner. Many possibilities here as you could live in one unit and rent the others out.

Last Agent to Sell the Property

Karen Smith

Berkshire Hathaway HomeServices Goshen Listed on: 06/26/2018

Berkshire Hathaway HomeServices Goshen

Last Buyer's Agent

Steve Miller

RE/MAX Results-Goshen

RE/MAX Results-Goshen

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,530

Year Built

  • Built in 1900

Lot Details

  • 8,102 Sq Ft Lot
  • Lot Dimensions are 49.5x140
  • Level Lot

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Eat-In Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Basement

  • Michigan Basement
  • Laundry in Basement

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Parkside Elementary School
  • Goshen Middle School
  • Goshen High School

Utilities

  • Window Unit Cooling System
  • Multiple Heating Units
  • Forced Air Heating System
  • Heating System Uses Oil

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, fuel, lawn maintenance, sewer, water
  • Assessor Parcel Number 20-11-15-151-009.000-015

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • Electric Expense $1,200
  • Fuel Expense $1,000
  • Insurance Expense $1,103
  • Maintenance Expense $1,200
  • Water Sewer Expense $960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,530

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 118
  • Style: One and Half Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Bissells 49 1/2FT N Side |
  • Parcel Number ID: 20-11-15-151-009.000-015
  • Platted: Yes
  • Amenities: Off Street Parking, Eat-In Kitchen
  • Location: City/Town/Suburb
  • Section Number: 2057
  • Sp Lp Percent: 90.34
  • Monthly Gross Income: 1515
  • Year Taxes Payable: 2017
  • Special Features: None

Interior Features

  • Total Sq Ft: 3470
  • Total Finished Sq Ft: 2057
  • Above Grade Finished Sq Ft: 2057
  • Below Grade Sq Ft: 1413
  • Price Per Sq Ft: 63.2
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 1413
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6
  • Parking: Off Street

Utilities

  • Cooling: Window
  • Heating Fuel: Oil, Forced Air, Multiple Heating Systems
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Annual Electric: 1200
  • Annual Fuel Expense: 1000
  • Annual Insurance Expense: 1103
  • Annual Maintenance Expense: 1200
  • Annual Water Sewer Expense: 960
  • Number Electric Meters: 3
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Goshen Community Schools
  • Elementary School: Parkside
  • Middle School: Goshen
  • High School: Goshen
  • Elementary School: Parkside

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 49.5x140
  • Estimated Lot Sq Ft: 8102
  • Estimated Lot Size Acres: 0.186
  • Lot Number: 10

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Fuel, Lawn Maintenance, Sewer, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 75300
  • Annual Property Tax: 1530

Multi Family

  • Gross Monthly Rent: 1515
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 3
  • Num Of Units Rented: 3

MLS Schools

  • High School: Goshen
  • Middle School: Goshen
  • School District: Goshen Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2020
Closed on
Nov 2, 2020
Sold by
Sunstone Property Investments Llc
Bought by
Frick Sean
Seller's Agent
Steve Miller
RE/MAX Results-Goshen
Buyer's Agent
Craig Culver
Berkshire Hathaway HomeServices Elkhart
List Price
$148,500
Sold Price
$144,500
Premium/Discount to List
-$4,000
-2.69%
Current Estimated Value
$202,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,833
Avg. Annual Appreciation
7.46%
Original Mortgage
$108,375
Outstanding Balance
$81,038
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$121,295

Purchase Details

Closed on
Jan 3, 2019
Sold by
Rice Douglas Alan
Bought by
Sunstone Property Investments Llc

Purchase Details

Listed on
Jun 26, 2018
Closed on
Aug 13, 2018
Sold by
John D And Barbara J Gorsline Trust
Bought by
Rice Douglas Alan
Seller's Agent
Karen Smith
Berkshire Hathaway HomeServices Goshen
Buyer's Agent
Steve Miller
RE/MAX Results-Goshen
List Price
$143,900
Sold Price
$130,000
Premium/Discount to List
-$13,900
-9.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.59%
Original Mortgage
$97,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 26, 2018
Closed on
Aug 7, 2018
Sold by
John D And Barbara J Gorsline Trust and John D & Barbara J Gorsline Tr
Bought by
Rice Douglas Alan
Seller's Agent
Karen Smith
Berkshire Hathaway HomeServices Goshen
Buyer's Agent
Steve Miller
RE/MAX Results-Goshen
List Price
$143,900
Sold Price
$130,000
Premium/Discount to List
-$13,900
-9.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2006
Sold by
Gorsline John D and Gorsline Barbara J
Bought by
Gorsline John D and Gorsline Barbara J
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 Type Sale Price Title Company
Warranty Deed -- None Available
Quit Claim Deed -- None Available
Deed $129,675 None Listed On Document
Deed $129,675 None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $108,375 New Conventional
Previous Owner $97,500 New Conventional
Previous Owner $97,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2020 11/09/20 Sold $144,500 -2.7% $70 / Sq Ft
10/05/2020 10/05/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $148,500 +14.2% $72 / Sq Ft
08/10/2018 08/10/18 Sold $130,000 -9.7% $63 / Sq Ft
07/06/2018 07/06/18 Pending -- -- --
06/26/2018 06/26/18 For Sale $143,900 -- $70 / 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 $4,395 $212,600 $22,200 $190,400
2022 $2,711 $176,000 $0 $176,000
2021 $3,649 $153,000 $22,200 $130,800
2020 $2,726 $101,100 $22,200 $78,900
2019 $2,508 $101,100 $22,200 $78,900
2018 $2,162 $91,900 $18,800 $73,100
2017 $1,545 $75,300 $18,800 $56,500
2016 $1,593 $75,300 $18,800 $56,500
2014 $1,528 $74,200 $18,800 $55,400
2013 $1,484 $74,200 $18,800 $55,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201827858

Indiana Regional MLS

APN: 20-11-15-151-009.000-015