NOT LISTED FOR SALE

840 S Ironwood Dr South Bend, IN 46615

River Park Neighborhood

Estimated Value: $197,000 - $299,000

5 Beds
3 Baths
2,658 Sq Ft
$87/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $146,000 $55 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,475/month

5 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Level Lot
  • Adams High School Rated A-
  • Ceiling Fan
  • 5-minute walk to Potowatomi Park

About This Home

As of May 2021

AN INVESTORS DREAM! Just blocks away from IUSB, this triplex is a great opportunity to purchase a rental property that's really in demand. The main floor features 2 units, one with 2 bedrooms and a bath, living room, dining room and kitchen. The other is a 1 bedroom, 1 bath with large living room and kitchen. Upstairs is another 2 bedroom, 1 bath unit. All three units come with refrigerator and stove. This triplex has been well taken care of over the years, with several updates that includes newer carpeting, paint and partial roof replacement. There's also a large 2 stall garage for parking or storage.

Last Agent to Sell the Property

Dennis Bamber

Cressy & Everett- Elkhart Listed on: 04/12/2021

Cressy & Everett- Elkhart

Co-Listed By

John Boles

Cressy & Everett- Elkhart

Last Buyer's Agent

Sara Williams

Berkshire Hathaway HomeServices Northern Indiana Real Estate

Berkshire Hathaway HomeServices Northern Indiana Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,500

Year Built

  • Built in 1905

Lot Details

  • 5,632 Sq Ft Lot
  • Lot Dimensions are 44 x 128
  • Level Lot

Home Design

  • Triplex
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • 3 Parking Spaces
  • Driveway
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, heating, water
  • The owner pays for tax
  • Assessor Parcel Number 71-09-08-356-011.000-026

Community Details

Building Details

  • Insurance Expense $1,600
  • Maintenance Expense $600

Additional Features

  • 3 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,500

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1905
  • Age: 116
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: LOT 22 BERNERS GROVE 1ST
  • Parcel Number ID: 71-09-08-356-011.000-026
  • Platted: Yes
  • Amenities: Ceiling Fan, Storage, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 108.15
  • Monthly Gross Income: 1825
  • Special Features: None

Interior Features

  • Total Sq Ft: 3658
  • Total Finished Sq Ft: 2658
  • Above Grade Finished Sq Ft: 2658
  • Below Grade Sq Ft: 1000
  • Price Per Sq Ft: 54.93
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Laminate, Wood
  • Total Below Grade Sq Ft: 1000
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 3
  • Parking: Off Street

Utilities

  • Heating Fuel: Electricity, Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Water Company: South Bend Municipal Util
  • Annual Insurance Expense: 1600
  • Annual Maintenance Expense: 600
  • Number Of W D Hookups: 1

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Mckinley
  • Middle School: Dickinson
  • High School: Adams

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 44 x 128
  • Estimated Lot Sq Ft: 5632
  • Estimated Lot Size Acres: 0.1293

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Tax
  • Tenant Pays: Electric, Heating, Water

Multi Family

  • Gross Monthly Rent: 1825
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 2500.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2023
Sold by
Pmsj Properties Llc
Bought by
Mb Builders Llc
Current Estimated Value
$232,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,200
Outstanding Balance
$142,378
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$89,984

Purchase Details

Closed on
Jan 31, 2023
Sold by
Pmsj Properties Llc
Bought by
Mb Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,200
Outstanding Balance
$142,378
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$89,984

Purchase Details

Listed on
Apr 12, 2021
Closed on
May 21, 2021
Sold by
Heisler Matthew
Bought by
Pmsj Properties Llc
Seller's Agent
Dennis Bamber
Cressy & Everett- Elkhart
Buyer's Agent
Sara Williams
Berkshire Hathaway HomeServices Northern Indiana Real Estate
List Price
$135,000
Sold Price
$146,000
Premium/Discount to List
$11,000
8.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.36%

Purchase Details

Listed on
Apr 12, 2021
Closed on
May 1, 2021
Sold by
Heisler Matthew
Bought by
Pmsj Properties Llc
Seller's Agent
Dennis Bamber
Cressy & Everett- Elkhart
Buyer's Agent
Sara Williams
Berkshire Hathaway HomeServices Northern Indiana Real Estate
List Price
$135,000
Sold Price
$146,000
Premium/Discount to List
$11,000
8.15%

Purchase Details

Listed on
Jun 18, 2019
Closed on
Jul 19, 2019
Sold by
Stante Donald D
Bought by
Heisler Matthew
Seller's Agent
Dennis Bamber
Cressy & Everett- Elkhart
Buyer's Agent
Dennis Bamber
Cressy & Everett- Elkhart
List Price
$120,000
Sold Price
$100,000
Premium/Discount to List
-$20,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.11%
Source: Public Records

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
Mb Builders Llc $189,000 --
Mb Builders Llc -- None Listed On Document
Pmsj Properties Llc -- None Listed On Document
Pmsj Properties Llc $146,000 None Available
Heisler Matthew -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mb Builders Llc $147,200
Closed Mb Builders Llc $147,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $146,000 +8.1% $55 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
04/12/2021 04/12/21 For Sale $135,000 +35.0% $51 / Sq Ft
07/19/2019 07/19/19 Sold $100,000 -16.7% $38 / Sq Ft
06/18/2019 06/18/19 Pending -- -- --
06/18/2019 06/18/19 For Sale $120,000 -- $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 $2,840 $114,300 $6,100 $108,200
2023 $2,711 $113,700 $6,100 $107,600
2022 $2,728 $113,700 $6,100 $107,600
2021 $2,501 $102,400 $4,700 $97,700
2020 $2,500 $102,400 $4,700 $97,700
2019 $1,737 $84,700 $4,200 $80,500
2018 $2,104 $84,700 $4,200 $80,500
2017 $2,135 $83,800 $4,200 $79,600
2016 $2,179 $83,800 $4,200 $79,600
2014 $2,164 $82,800 $4,200 $78,600
Source: Public Records

Agents Affiliated with this Home

  • Dennis Bamber

    Seller's Agent in 2021

    Dennis Bamber

    Cressy & Everett- Elkhart

    (574) 532-3808

    6 in this area

    188 Total Sales

    Dennis Bamber
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    John Boles

    Cressy & Everett- Elkhart

    (574) 520-9943

    4 in this area

    72 Total Sales

    John Boles
    Section Image
  • Sara Williams

    Buyer's Agent in 2021

    Sara Williams

    Berkshire Hathaway HomeServices Northern Indiana Real Estate

    (574) 532-3654

    2 in this area

    84 Total Sales

    Sara Williams
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202112078

Indiana Regional MLS

APN: 71-09-08-356-011.000-026

Indiana St Joseph County South Bend 46615 River Park

840 S Ironwood Dr, South Bend, IN

This home is located at 840 S Ironwood Dr, South Bend, IN 46615 since 12 April 2021 and is currently estimated at $232,362, approximately $87 per square foot. This property was built in 1905. 840 S Ironwood Dr 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.

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