NOT LISTED FOR SALE

924 W Franklin St Elkhart, IN 46516

South Shore-Bridge Street Neighborhood

Estimated Value: $93,000 - $122,000

3 Beds
1 Bath
1,592 Sq Ft
$67/Sq Ft Est. Value

Last Sold November 15, 2013

Last sale price $18,000 $11 Per Sq Ft

Est. 496% increase in value since last sale

Current estimated payment $701/month

117 Days on Market

Highlights

  • Luxury Vinyl Tile Flooring
  • Level Lot
  • 5-minute walk to Rainbow Park
  • Forced Air Heating System
  • Wood Siding

About This Home

As of November 2013

Good income opportunity, 1 unit currently rented on month to month lease, 1 unit is vacant.

Last Listed By

Martin Moeller

Realty Group Resources Listed on: 07/10/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40x116
  • Level Lot

Home Design

  • Wood Siding

Interior Spaces

  • 3 Bedrooms
  • 2-Story Property

Flooring

  • Carpet
  • Luxury Vinyl Tile

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Schools

  • East Side Elementary School
  • North Side Middle School
  • Elkhart Central High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for fuel, sewer, water
  • Assessor Parcel Number 06-08-101-010-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1924
  • Age: 89
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Legal Description: IN 40 FT X 7RDS SEC 8 .10A |
  • Parcel Number ID: 06-08-101-010-012
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 89.46
  • Monthly Gross Income: 1050
  • Year Taxes Payable: 587
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Full Basement, Michigan Basement
  • Flooring: Carpet, Vinyl Tile

Exterior Features

  • Exterior: Wood
  • Stories: 2

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City

Schools

  • School District: Elkhart Community Schools
  • Elementary School: East Side
  • Middle School: North Side
  • High School: Elkhart Central
  • Elementary School: East Side

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40X116
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1050
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 587

MLS Schools

  • High School: Elkhart Central
  • Middle School: North Side
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2013
Closed on
Nov 15, 2013
Sold by
Unique Management Llc
Bought by
Munoz Holdings Llc
Seller's Agent
Martin Moeller
Realty Group Resources
Buyer's Agent
Elizabeth Barone
RE/MAX Results-Goshen
List Price
$39,800
Sold Price
$18,000
Premium/Discount to List
-$21,800
-54.77%
Total Days on Market
117
Current Estimated Value
$107,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,367
Avg. Annual Appreciation
17.22%

Purchase Details

Closed on
Jul 23, 2012
Sold by
Unique Investment Group Llc
Bought by
Unique Management Llc

Purchase Details

Closed on
Dec 28, 2011
Sold by
Kasar Investments Llc
Bought by
Unique Investment Group Llc

Purchase Details

Closed on
Jun 17, 2011
Sold by
The Bank Of New York Mellon
Bought by
Debroy Properties

Purchase Details

Closed on
Apr 27, 2011
Sold by
Beane Thi Thi
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Mar 21, 2005
Sold by
Beane Thi Thi
Bought by
Tbs Investments Llc

Purchase Details

Closed on
Dec 27, 2001
Sold by
Hawkins Chris L and Hawkins Oneida J
Bought by
Beane Thi Thi

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
6.87%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Elkhart, IN

  • 1220 Harrison St, Elkhart, IN 46516

    $124,900

    • 2 Beds
    • 2 Baths
    • 1,306 Sq Ft
    • 1220 Harrison St
    • Elkhart, IN

    Updated duplex with lots to offer, new windows, new roof, new siding, flooring —makes an ideal double income rental property or perhaps you want to live in one & rent out the other, it can easily be converted to a single family also, (3 bedrooms 2 baths) no matter how you divide it up, this is a great opportunity to live, develop, or grow your investment portfolio! Located not far from downtown.

    Alex Lino Cressy & Everett- Elkhart

    Section Image
  • 810 W Hubbard Ave, Elkhart, IN 46516

    $125,000

    • 4 Beds
    • 1 Bath
    • 1,260 Sq Ft
    • 810 W Hubbard Ave
    • Elkhart, IN

    This spacious 4 bedroom, 1 bathroom home is a fantastic investment opportunity, currently occupied by long-term tenants. The property features a comfortable living space, a functional kitchen and a garage making it an attractive option for renters. This property is close to schools, parks and shopping centers, Its a perfect addition to any investment portfolio with a steady rental income

    Michelle Bordeau SUNRISE Realty

    Section Image
  • 428 State St, Elkhart, IN 46516

    $109,900

    • 4 Beds
    • 2 Baths
    • 1,352 Sq Ft
    • 428 State St
    • Elkhart, IN

    Attention investors! Don't miss out on this great opportunity! This spacious duplex, conveniently located near downtown, is sure to bring you a solid income. The current owner resides in one unit and rents the other for $800 per month. Both units feature 2 bedrooms and 1 bathroom, with one unit on the main level and the other on the upper level. This property is in decent condition and offers an

    Jennea Schirr McKinnies Realty, LLC Elkhart

    Section Image
See All Homes in Elkhart

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
Munoz Holdings Llc -- Lawyers Title
Unique Management Llc -- None Available
Unique Investment Group Llc -- Lawyers Title
Kasar Investments Llc -- Lawyers Title
Debroy Properties -- None Available
The Bank Of New York Mellon $55,683 None Available
Tbs Investments Llc -- --
Beane Thi Thi -- Metropolitan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beane Thi Thi $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2013 11/15/13 Sold $18,000 -54.8% $11 / Sq Ft
11/04/2013 11/04/13 Pending -- -- --
07/10/2013 07/10/13 For Sale $39,800 -- $25 / 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 $1,258 $64,700 $11,800 $52,900
2022 $1,258 $31,700 $11,800 $19,900
2021 $658 $31,700 $11,800 $19,900
2020 $700 $31,700 $11,800 $19,900
2019 $938 $42,900 $3,400 $39,500
2018 $771 $34,900 $3,400 $31,500
2017 $773 $34,900 $3,400 $31,500
2016 $771 $34,900 $3,400 $31,500
2014 $731 $34,300 $3,400 $30,900
2013 $762 $38,100 $11,000 $27,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Martin Moeller

    Realty Group Resources

  • Elizabeth Barone

    Buyer's Agent in 2013

    Elizabeth Barone

    RE/MAX

    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 675613

Indiana Regional MLS

APN: 20-06-08-101-010.000-012

Indiana Elkhart County Elkhart 46516 South Shore-Bridge Street

924 W Franklin St, Elkhart, IN

Homes for Sale in Elkhart, IN

This home is located at 924 W Franklin St, Elkhart, IN 46516 since 10 July 2013 and is currently estimated at $107,367, approximately $67 per square foot. This property was built in 1924. 924 W Franklin St is a home located in Elkhart County with nearby schools including Mary Daly Elementary School, West Side Middle School, and Elkhart 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.

Nearby Homes