NOT LISTED FOR SALE

815 N Main St Mishawaka, IN 46545

Estimated Value: $139,000 - $281,000

6 Beds
3 Baths
3,650 Sq Ft
$65/Sq Ft Est. Value

Last Sold July 11, 2022

Last sale price $245,000 $67 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,737/month

3 Days on Market

Highlights

  • Open Floorplan
  • Forced Air Heating and Cooling System
  • Community Storage Space
  • Backs to Open Ground
  • Level Lot
  • 3-minute walk to Mishawaka Parks & Recreation

About This Home

As of July 2022

Looking for an investment property? Look no further! Unit A offers a foyer, open concept, two large bedrooms, a spacious kitchen with complimentary appliances, a basement for extra storage, and main level laundry. Unit B features an open concept as well, a large kitchen with white cabinetry and complimentary appliances, main level laundry, two bedrooms, an updated bathroom, and a basement for additional storage. Unit C offers an open kitchen and living room. The kitchen features modern blue cabinetry with complimentary appliances and a breakfast bar. The bathroom is partially updated and offers amble space. Newer HVAC and water heater for unit C and new water for unit B.

Last Agent to Sell the Property

Brandon Corbalis

Brick Built Real Estate Listed on: 05/24/2022

Last Buyer's Agent

Alicia Olejnik

McKinnies Realty, LLC

McKinnies Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,364

Year Built

  • Built in 1916

Lot Details

  • 5,741 Sq Ft Lot
  • Lot Dimensions are 58x99
  • Backs to Open Ground
  • Level Lot

Home Design

  • Triplex
  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Schools

  • Liberty Elementary School
  • John Young Middle School
  • Mishawaka High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for building insurance, cooling, electric, heating, lawn maintenance, sewer, tax, trash collection
  • Assessor Parcel Number 71-09-09-456-015.000-023

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $1,680
  • Insurance Expense $1,478
  • Trash Expense $384
  • Water Sewer Expense $1,140

Additional Features

  • 3 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,364

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1916
  • Age: 106
  • Style: One and Half Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: LOTS 10-11-12 S 1/2 EACH LAWRENCE & BATTELLS BLK 51
  • Parcel Number ID: 71-09-09-456-015.000-023
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Storage, Open Floor Plan
  • Sp Lp Percent: 98
  • Monthly Gross Income: 2050
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 4850
  • Total Finished Sq Ft: 3650
  • Above Grade Finished Sq Ft: 3650
  • Below Grade Sq Ft: 1200
  • Price Per Sq Ft: 67.12
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Finished
  • Total Below Grade Sq Ft: 1200
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Aluminum, Wood
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1680
  • Annual Insurance Expense: 1478
  • Annual Trash Expense: 384
  • Annual Water Sewer Expense: 1140
  • Number Of W D Hookups: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: School City of Mishawaka
  • Elementary School: Liberty
  • Middle School: John Young
  • High School: Mishawaka
  • Elementary School: Liberty

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 58x99
  • Estimated Lot Sq Ft: 5741
  • Estimated Lot Size Acres: 0.1318
  • Lot Number: 10

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Cooling, Electric, Heating, Lawn Maintenance, Sewer, Tax, Trash Collection

Tax Info

  • Total Assessed Value: 158300
  • Annual Property Tax: 1364

Multi Family

  • Gross Monthly Rent: 2050
  • Number Of Dryers: 3
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 3
  • Num Of2 Bedrooms: 3
  • Num Of Units Rented: 2

MLS Schools

  • High School: Mishawaka
  • Middle School: John Young
  • School District: School City of Mishawaka

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2022
Closed on
Jul 8, 2022
Sold by
Alexander Bernth
Bought by
Kasy Llc
Seller's Agent
Brandon Corbalis
Brick Built Real Estate
Buyer's Agent
Alicia Olejnik
McKinnies Realty, LLC
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%
Current Estimated Value
$252,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,896
Avg. Annual Appreciation
-0.78%
Original Mortgage
$196,000
Outstanding Balance
$187,225
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$51,766

Purchase Details

Listed on
Apr 23, 2020
Closed on
Aug 12, 2020
Sold by
4Tron Llc
Bought by
Bernth Alexander
Seller's Agent
Felicia Ma
Weichert Rltrs-J.Dunfee&Assoc.
Buyer's Agent
Paige Corbalis
Brick Built Real Estate
List Price
$169,000
Sold Price
$165,000
Premium/Discount to List
-$4,000
-2.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.85%
Original Mortgage
$162,011
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 1, 2018
Sold by
St Joseph County Sheriff
Bought by
4Tron Inv Llc
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
Kasy Llc $490,000 Metropolitan Title
Bernth Alexander $163,631 Near North Title Group
4Tron Inv Llc $40,001 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kasy Llc $196,000
Previous Owner Bernth Alexander $162,011
Previous Owner Bernth Alexander $162,011
Previous Owner Cassella Deborah $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2022 07/11/22 Sold $245,000 -2.0% $67 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
05/24/2022 05/24/22 For Sale $250,000 +51.5% $68 / Sq Ft
07/10/2020 07/10/20 Sold $165,000 -2.4% $38 / Sq Ft
06/16/2020 06/16/20 Pending -- -- --
04/23/2020 04/23/20 For Sale $169,000 -- $39 / 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 $4,423 $188,600 $23,300 $165,300
2023 $3,435 $188,400 $23,200 $165,200
2022 $3,435 $188,400 $23,200 $165,200
2021 $3,020 $158,300 $9,900 $148,400
2020 $1,364 $118,900 $23,200 $95,700
2019 $2,825 $118,900 $23,200 $95,700
2018 $3,614 $121,400 $23,200 $98,200
2017 $3,800 $118,400 $23,200 $95,200
2016 $3,070 $100,100 $15,500 $84,600
2014 $1,183 $99,400 $15,500 $83,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202220012

Indiana Regional MLS

APN: 71-09-09-456-015.000-023