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2331 Basin Street

2331 Basin Street, South Bend, IN 46614
Property in Penn
Sold May 07, 2020
$332,500
$266,000 by United Fcu
Mortgage Due Apr 01, 2050
Sold Sep 17, 2018
$259,000
$207,200 by Wells Fargo Bank
Mortgage Due Oct 01, 2048
2331 Basin Street has been categorized by the local assessors in South Bend, IN as a residential type of property. The building on the property was first built in 2014 and is 10 years old. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2331 Basin Street has 1,945 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,270 ft and across the front of the lot is 630 ft. The area measurement of the land has been determined as 8,001 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 968 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from none system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2331 Basin Street sold most recently in Jan 1, 1970 for a total of $332,500. If you work out the math, that's approximately a cost of $97.34 per sqft. Before that, the property was also sold for $259,000 in Sep 14, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,171 in taxes each year. 2331 Basin Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $314,400. If we break it down further, the land itself was valued at $63,300. Improvements to the property, however, were assessed at a total of $251,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 987
  • Garage Type: Attached
  • Garage Square Area: 968
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,001
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 630
  • Total Building Area: 3,416
  • Gross Building Area: 3,416
  • Building Area: 1,945
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,945
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: CRESCENT OAKS
  • Land Acres: 0.184
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 42 CRESCENT OAKS SEC 2

Ownership

  • Current Owner : BANKE TAYLOR
  • Current Owner 2: BANKE SCOTT
  • Previous Owner : GENOVESE MICHAEL R
  • Previous Owner 2: GENOVESE MEGAN
  • Owner Before Previous Owner: MICHELSON JASON
  • Owner Before Previous Owner 2: MICHELSON ALEXA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Penn-Harris-Madison School Corporation
  • Census Tract: 011704

Geography

  • District: 0010
  • Parcel: 71-09-32-126-097.000-033
  • Lot: 42
  • Municipality: PENN TOWNSHIP
  • Latitude: 41.6174
  • Longitude: -86.2126

    Address

  • Full Address: 2331 Basin St
  • Address - House Number: 2331
  • Address - Street Name: Basin
  • Address - Suffix Type: St
  • State: IN
  • City Name: South Bend
  • Carrier Code: R008
  • 4-Digit Zip Code: 9033
  • Zip Code: 46614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,171
  • Tax Rate Code Area: 26

    Appraisal Valuation

  • Standard Deviation: 0.2017
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 72
  • Final Value: 403,294
  • High Value: 484,662
  • Low Value: 321,925

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $266,000
  • First Open Lien Mortgage Lender: UNITED FCU
  • First Open Lien Mortgage Recording Date: May 07, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $266,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2050

    Market Valuation

  • Market Total Value: $314,400
  • Market Land Value: $63,300
  • Market Improvement Value: $251,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $314,400
  • Assessed Land Value: $63,300
  • Assessed Improvements Value: $251,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: May 07, 2020
  • Current Sale Transaction ID: 11799685107
  • Current Sale Price: $332,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2011833
  • Previous Sale Recording Date: Sep 17, 2018
  • Previous Sale Contract Date: Sep 14, 2018
  • Previous Sale Amount: $259,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED FCU
  • First Mortgage Transaction Date: May 07, 2020
  • First Mortgage Loan Amount: $266,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK
  • Previous Mortgage Transaction Date: Sep 17, 2018
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $207,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2048

About South Bend



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Frequently Asked Questions

What neighborhood is 2331 Basin Street located in?
The 2331 Basin Street is a located in the neighborhood of Penn in South Bend, South Bend.
What is the average sales price for listings in 2331 Basin Street?
The average sales price for units in 2331 Basin Street is $0 currently.

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