NOT LISTED FOR SALE

Estimated Value: $145,380 - $167,000

4 Beds
4 Baths
2,340 Sq Ft
$67/Sq Ft Est. Value

Last Sold October 07, 2020

Last sale price $97,000 $41 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $1,053/month

148 Days on Market

Highlights

  • Victorian Architecture
  • Porch
  • Level Lot
  • Adams High School Rated A-
  • Forced Air Heating System
  • Wood Siding

About This Home

As of October 2020

This income producing multi unit has Victorian charm and a new roof. Open front porch for relaxing. This has been a rental for many years. If wanting a large home in South Bend Historic area this is awaiting your renovations. Make it the home of your dreams. Close to Leeper Park and Memorial Hospital and all that downtown has to offer. Short walk to the River Walk and dining. Sold As is, Back on market due to no fault of seller

Last Buyer's Agent

Debbie Speth

At Home Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,545

Year Built

  • Built in 1902

Lot Details

  • 5,650 Sq Ft Lot
  • Lot Dimensions are 50 x 113
  • Level Lot
  • Historic Home

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Victorian Architecture
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Vinyl Flooring
  • Partially Finished Basement
  • Michigan Basement
  • Laminate Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, electric, trash collection
  • The owner pays for building insurance, heating, water
  • Assessor Parcel Number 71-08-02-280-006.000-026

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,225
  • Maintenance Expense $500
  • Water Sewer Expense $2,464

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,545

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1902
  • Age: 118
  • Style: Two Story
  • Architectural Style: Historic, Victorian
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: Lot 48 Chapin Place
  • Parcel Number ID: 71-08-02-280-006.000-026
  • Platted: Yes
  • Amenities: Basement, Cable Available, Countertops-Laminate, Porch Open
  • Cross Street: Riverside Drive
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 97.1
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 1875
  • Special Features: None

Interior Features

  • Total Sq Ft: 2618
  • Total Finished Sq Ft: 2340
  • Above Grade Finished Sq Ft: 2340
  • Below Grade Sq Ft: 278
  • Price Per Sq Ft: 41.45
  • Basement: Yes
  • Basement Foundation: Partial Basement, Michigan Basement, Unfinished
  • Flooring: Mixed, Vinyl
  • Total Below Grade Sq Ft: 278
  • Number Ttl Rooms Below Grade: 1

Exterior Features

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

Garage/Parking

  • Parking: Street

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Conventional, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Annual Insurance Expense: 1225
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 2464
  • Number Of W D Hookups: 1

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Marquette
  • Middle School: Brown
  • High School: Clay

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50 x 113
  • Estimated Lot Sq Ft: 5650
  • Estimated Lot Size Acres: 0.1297

Rental Info

  • Lease Term: Month to Month, Negotiable
  • Owner Pays: Building Insurance, Heating, Water
  • Tenant Pays: Cable, Electric, Trash Collection

Tax Info

  • Total Assessed Value: 90300
  • Annual Property Tax: 1545

Multi Family

  • Gross Monthly Rent: 1875
  • Number Of Units: 4
  • Num Of1 Bedrooms: 4
  • Num Of Units Rented: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2020
Closed on
Oct 2, 2020
Sold by
Mccoy Patrick C and Mccoy Susan C
Bought by
Lkm Realty Llc
Buyer's Agent
Debbie Speth
At Home Realty Group
List Price
$99,900
Sold Price
$97,000
Premium/Discount to List
-$2,900
-2.9%
Current Estimated Value
$156,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,095
Avg. Annual Appreciation
10.02%
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
Lkm Realty Llc -- Fidelity National Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2020 10/07/20 Sold $97,000 -2.9% $41 / Sq Ft
09/12/2020 09/12/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $99,900 0.0% $43 / Sq Ft
07/08/2020 07/08/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $99,900 0.0% $43 / Sq Ft
04/21/2020 04/21/20 Pending -- -- --
04/17/2020 04/17/20 For Sale $99,900 -- $43 / 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 $2,694 $106,200 $17,600 $88,600
2023 $2,539 $105,800 $17,600 $88,200
2022 $2,539 $105,800 $17,600 $88,200
2021 $2,344 $90,500 $10,200 $80,300
2020 $1,372 $50,000 $10,200 $39,800
2019 $1,976 $90,200 $9,900 $80,300
2018 $1,545 $57,500 $9,900 $47,600
2017 $1,462 $56,900 $9,900 $47,000
2016 $1,492 $56,900 $9,900 $47,000
2014 $1,474 $56,400 $9,900 $46,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202013489

Indiana Regional MLS

APN: 71-08-02-280-006.000-026