NOT LISTED FOR SALE

Estimated Value: $161,162 - $203,000

5 Beds
3 Baths
2,196 Sq Ft
$83/Sq Ft Est. Value

Last Sold October 06, 2022

Last sale price $170,000 $77 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,268/month

6 Days on Market

Highlights

  • Corner Lot
  • Enclosed patio or porch
  • Forced Air Heating and Cooling System
  • Adams High School Rated A-
  • Built-in Bookshelves
  • Ceiling Fan

About This Home

As of October 2022

Great Investment Opportunity! This large corner lot triplex has much to offer. Live in one unit, and rent out the other 2, or rent all 3 units to maximize your return. Newer roof, new windows in 2018, freshly painted throughout, too many mechanical updates to mention. Unit A is a 2 bed, 1 bath, that rents for $725/month. Unit B is a 1 bed, 1 bath, with new kitchen and floors throughout. Currently unoccupied, suggested rental value of $800/month. Unit C is a 2 bed, 1 bath with a long time tenant at $500/month. All units have separate entrances. Ample off street parking for all tenants. Oversized garage, large basement, lots of storage.

Last Listed By

Daniel Leroy

MHAR Property Management Listed on: 09/12/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,210

Year Built

  • Built in 1895

Lot Details

  • 7,150 Sq Ft Lot
  • Lot Dimensions are 55x130
  • Corner Lot
  • Level Lot

Home Design

  • Triplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 6 Car Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Enclosed patio or porch

Schools

  • Nuner Elementary School
  • Jefferson Middle School
  • Adams High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for electric, fuel, sewer, water
  • Assessor Parcel Number 71-09-17-201-008.000-026

Community Details

Building Details

  • Electric Expense $1,500
  • Fuel Expense $900
  • Insurance Expense $1,000
  • Maintenance Expense $1,000
  • Water Sewer Expense $900

Additional Features

  • 3 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,210

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1895
  • Age: 127
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: LOT 5 EX 35 FT W SIDE & EX 11 FT S SIDE EGGLESTONS 1ST ADD
  • Parcel Number ID: 71-09-17-201-008.000-026
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Off Street Parking, Storage, Built-In Bookcase, Porch Enclosed
  • Sp Lp Percent: 94.97
  • Monthly Gross Income: 1225
  • Year Taxes Payable: 2021
  • Special Features: None

Interior Features

  • Total Sq Ft: 2745
  • Total Finished Sq Ft: 2196
  • Above Grade Finished Sq Ft: 2196
  • Below Grade Sq Ft: 549
  • Price Per Sq Ft: 77.41
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 549
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Aluminum, Brick
  • Roof Material: Asphalt, Flat
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6
  • Parking: Garage, Gravel, Off Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1500
  • Annual Fuel Expense: 900
  • Annual Insurance Expense: 1000
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 900

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Nuner
  • Middle School: Jefferson
  • High School: Adams
  • Elementary School: Nuner

Lot Info

  • Lot Description: Corner, Level, 0-2.9999
  • Lot Dimensions: 55X130
  • Estimated Lot Sq Ft: 7150
  • Estimated Lot Size Acres: 0.16
  • Lot Number: 5

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Fuel, Sewer, Water
  • Tenant Pays: Cable

Tax Info

  • Total Assessed Value: 50400
  • Annual Property Tax: 1209.76

Multi Family

  • Gross Monthly Rent: 1225
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

MLS Schools

  • High School: Adams
  • Middle School: Jefferson
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2022
Closed on
Oct 11, 2022
Sold by
Dichiria Andrew
Bought by
Bomkamp Eric M
Seller's Agent
Daniel Leroy
MHAR Property Management
Buyer's Agent
Liz Bomkamp
Irish Realty
List Price
$179,000
Sold Price
$170,000
Premium/Discount to List
-$9,000
-5.03%
Total Days on Market
6
Views
40
Current Estimated Value
$182,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,291
Avg. Annual Appreciation
2.68%

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
Bomkamp Eric M -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dichiria Andrew $35,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2022 10/06/22 Sold $170,000 -5.0% $77 / Sq Ft
09/18/2022 09/18/22 Pending -- -- --
09/12/2022 09/12/22 For Sale $179,000 -- $82 / 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 $2,962 $103,400 $7,700 $95,700
2023 $1,353 $56,400 $7,700 $48,700
2022 $1,353 $56,400 $7,700 $48,700
2021 $1,253 $50,400 $5,900 $44,500
2020 $1,252 $92,000 $5,900 $86,100
2019 $1,021 $48,900 $5,400 $43,500
2018 $1,211 $48,900 $5,400 $43,500
2017 $1,249 $48,400 $5,400 $43,000
2016 $1,275 $48,400 $5,400 $43,000
2014 $1,252 $47,900 $5,400 $42,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202238081

Indiana Regional MLS

APN: 71-09-17-201-008.000-026