508 W Washington St South Bend, IN 46601
Near West Side NeighborhoodEstimated payment $4,451/month
Highlights
- Central Air
- Hot Water Heating System
- Level Lot
About This Home
This is a wonderful opportunity for either a classic B&B or an investment opportunity in rental units. The Cushing Manor, an award-winning B&B, is currently a 9-apartment rental unit but can be converted back to its original glory as a Bed & Breakfast. The classic woodwork is beautiful throughout the home. The grand foyer and staircase are stunning. All the rooms are en suite. And the rooms are fully furnished, many antique pieces. The home does need someone to bring it back to its original glory. Some TLC would bring back its historic look and allure. If you choose to keep it as a rental investment property, 8 of the apartments are currently rented with long time tenants. The current rentals are on a month to month basis. There are 2 parking lots sold with the unit as well.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,208
Year Built
- Built in 1872
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 55x117
- Level Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Block Basement Construction
Parking
- 20 Parking Spaces
- Off-Street Parking
Schools
- Madison Elementary School
- Navarre Middle School
- Riley High School
Utilities
- Central Air
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 71-08-11-278-009.000-026
Community Details
Overview
- 9 Units
- Vails Subdivision
Building Details
- Electric Expense $10,496
- Fuel Expense $1,348
- Insurance Expense $4,472
- Maintenance Expense $5,000
- Water Sewer Expense $5,100
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,692 | $362,100 | $9,800 | $352,300 |
| 2023 | $8,692 | $360,500 | $9,800 | $350,700 |
| 2022 | $8,732 | $359,800 | $9,800 | $350,000 |
| 2021 | $8,057 | $331,300 | $10,500 | $320,800 |
| 2020 | $8,055 | $331,300 | $10,500 | $320,800 |
| 2019 | $5,587 | $274,100 | $10,500 | $263,600 |
| 2018 | $6,704 | $276,400 | $10,500 | $265,900 |
| 2017 | $9,494 | $271,200 | $10,500 | $260,700 |
| 2016 | $9,634 | $271,200 | $10,500 | $260,700 |
| 2014 | $7,531 | $208,400 | $10,500 | $197,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/18/2024 11/18/24 | For Sale | $660,000 | 0.0% | $93 / Sq Ft |
| 11/18/2024 11/18/24 | For Sale | $660,000 | +65.0% | $93 / Sq Ft |
| 03/19/2015 03/19/15 | Sold | $400,000 | +0.1% | $47 / Sq Ft |
| 02/17/2015 02/17/15 | Pending | -- | -- | -- |
| 02/01/2015 02/01/15 | For Sale | $399,500 | -- | $47 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available |
Source: Indiana Regional MLS
MLS Number: 202444593
APN: 71-08-11-278-009.000-026
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