NOT LISTED FOR SALE

Estimated Value: $120,000 - $146,000

4 Beds
2 Baths
1,600 Sq Ft
$83/Sq Ft Est. Value

Last Sold January 03, 2022

Last sale price $84,000 $52 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $892/month

48 Days on Market

Highlights

  • 148 Feet of Waterfront
  • Forced Air Heating System
  • The river is a source of water for the property

About This Home

As of January 2022

This 2 story duplex sits on a double lot with frontage on the Elkhart River! Both units have 2 bedrooms and 1 full bath. 4 parking spaces in back plus on street parking.

Last Listed By

Tom Canarecci

Coldwell Banker Real Estate Group Listed on: 09/15/2021

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,824

Year Built

  • Built in 1910

Lot Details

  • 0.34 Acre Lot
  • 148 Feet of Waterfront
  • River Front

Home Design

  • Duplex
  • Asphalt Roof

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

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

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • The river is a source of water for the property

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for sewer, water
  • Assessor Parcel Number 20-06-09-128-004.000-012

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $582
  • Fuel Expense $393
  • Insurance Expense $1,752
  • Maintenance Expense $2,329
  • Water Sewer Expense $603

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,824

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Waterfront: Yes
  • Year Built: 1910
  • Age: 111
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: STUDEBAKERS 33FT W SIDE LOT 318 and STUDEBAKERS EX 33FT W SIDE LOT 318
  • Parcel Number ID: 20-06-09-128-004.000-012
  • Platted: Yes
  • Amenities: Basement, Off Street Parking
  • Location: City/Town/Suburb
  • Parcel Id2: 20-06-09-128-005.000-012
  • Sp Lp Percent: 93.33
  • Monthly Gross Income: 1300
  • Special Features: None

Interior Features

  • Total Sq Ft: 2400
  • Total Finished Sq Ft: 1600
  • Above Grade Finished Sq Ft: 1600
  • Below Grade Sq Ft: 800
  • Price Per Sq Ft: 52.5
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 800
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt
  • Water Frontage: 148
  • Water Name: Elkhart River
  • Stories: 2

Garage/Parking

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

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Water Type: River
  • Annual Electric: 581.92
  • Annual Fuel Expense: 392.76
  • Annual Insurance Expense: 1752
  • Annual Maintenance Expense: 2329.21
  • Annual Water Sewer Expense: 602.66

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Mary Beck
  • Middle School: Pierre Moran
  • High School: Elkhart

Lot Info

  • Lot Description: Waterfront
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 14884
  • Estimated Lot Size Acres: 0.3417

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Sewer, Water
  • Tenant Pays: Electric, Heating

Multi Family

  • Water Access: Riverfront
  • Gross Monthly Rent: 1300
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1823.96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2022
Sold by
Humberto Mendoza
Bought by
Mendoza Rental Homes Llc
Total Days on Market
48
Current Estimated Value
$133,007

Purchase Details

Listed on
Sep 15, 2021
Closed on
Jan 18, 2022
Sold by
Humberto Mendoza
Bought by
Mendoza Rental Homes Llc
Seller's Agent
Tom Canarecci
Coldwell Banker Real Estate Group
Buyer's Agent
Laurie LaDow
Cressy & Everett - South Bend
List Price
$100,000
Sold Price
$84,000
Premium/Discount to List
-$16,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.49%
Original Mortgage
$63,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 15, 2021
Closed on
Jan 15, 2022
Sold by
Humberto Mendoza
Bought by
Mendoza Rental Homes Llc
Seller's Agent
Tom Canarecci
Coldwell Banker Real Estate Group
Buyer's Agent
Laurie LaDow
Cressy & Everett - South Bend
List Price
$100,000
Sold Price
$84,000
Premium/Discount to List
-$16,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 15, 2021
Closed on
Dec 30, 2021
Sold by
Davidson Daniel E and Davidson Rachel L
Bought by
Mendoza Humberto and Mendoza Daisy
Seller's Agent
Tom Canarecci
Coldwell Banker Real Estate Group
Buyer's Agent
Laurie LaDow
Cressy & Everett - South Bend
List Price
$100,000
Sold Price
$84,000
Premium/Discount to List
-$16,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 18, 2019
Closed on
Sep 11, 2019
Sold by
Donnelly Michael R
Bought by
Davidson Daniel E and Davidson Rachel L
Seller's Agent
Ann Connolly
RE/MAX 100 Elkhart
Buyer's Agent
Katrina Canarecci
Coldwell Banker Real Estate Group
List Price
$71,450
Sold Price
$67,800
Premium/Discount to List
-$3,650
-5.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.67%
Original Mortgage
$50,850
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 18, 2019
Closed on
Sep 6, 2019
Sold by
Donnelly Michael R
Bought by
Davidson Daniel E and Davidson Rachel L
Seller's Agent
Ann Connolly
RE/MAX 100 Elkhart
Buyer's Agent
Katrina Canarecci
Coldwell Banker Real Estate Group
List Price
$71,450
Sold Price
$67,800
Premium/Discount to List
-$3,650
-5.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,850
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2003
Sold by
Miller Gene Paul and Miller Jennifer S
Bought by
Donnelly Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,900
Interest Rate
5.96%

Range of Values:

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Average Value
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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
Mendoza Rental Homes Llc -- Metropolitan Title
Mendoza Rental Homes Llc -- Metropolitan Title
Mendoza Humberto -- Mtc
Davidson Daniel E $67,630 Fidelity National Title
Davidson Daniel E $67,630 Fidelity National Title
Donnelly Michael R -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mendoza Humberto $63,000
Previous Owner Davidson Daniel E $50,850
Previous Owner Davidson Daniel E $50,850
Previous Owner Donnelly Michael R $63,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2022 01/03/22 Sold $84,000 -6.7% $53 / Sq Ft
10/14/2021 10/14/21 Price Changed $90,000 -10.0% $56 / Sq Ft
09/15/2021 09/15/21 For Sale $100,000 +47.5% $63 / Sq Ft
09/10/2019 09/10/19 Sold $67,800 -5.1% $42 / Sq Ft
03/18/2019 03/18/19 For Sale $71,450 -- $45 / 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 $1,851 $96,800 $6,300 $90,500
2022 $1,851 $96,100 $6,300 $89,800
2021 $1,821 $89,100 $6,300 $82,800
2020 $1,718 $79,100 $6,300 $72,800
2019 $1,537 $71,000 $6,300 $64,700
2018 $1,424 $65,300 $6,300 $59,000
2017 $1,397 $63,900 $9,700 $54,200
2016 $1,348 $61,800 $9,700 $52,100
2014 $1,290 $60,700 $9,700 $51,000
2013 $1,386 $69,300 $9,900 $59,400
Source: Public Records

Agents Affiliated with this Home

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Source: Indiana Regional MLS

MLS Number: 202139045

Indiana Regional MLS

APN: 20-06-09-128-004.000-012