Owner
$232,361
701 W NORTH SHORE DR, SOUTH BEND, IN
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
Yes
beds
3
baths
1
sq. ft.
1,300
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Average Condition
Living Area
Attached Garage
1 Story
Unfinished Basement
Central
Brick
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1949
Building Size
1,300 sq ft
Lot Size
6,768 sq ft
Lot Size (Acres)
0.16 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
71-08-02-206-013.000-026
County
St. Joseph County, IN
Metro Area
South Bend-Mishawaka, IN-MI
Zoning
—
Neighborhood/Subdivision
NORTH SHORE TERRACE
Lot Number
143
School District
South Bend Community School Corporation
Legal Description
LOT 143 NORTH SHORE TERRACE
Tax & Value Information
Market Value (Total)
$251,500
Building Value
$229,400
Land Value
$22,100
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$251,500
Last Assessment Year
2023
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
8/15/2023
Recording Date
8/21/2023
Sales Document #
2023.19365
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$8,991
Return on Investment
15.60%
After Repair Value
$255,597
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$209,125
Renovation Cost
$11,618
Closing Costs (buying)
$4,182
Holding Costs
$6,345
Selling Costs
$15,336
Total Investment
$57,626
After Repair Value (ARV)
$255,597
Total Costs
$246,606
Estimated Profit
$8,991
Cash Invested
$53,443
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area