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505 South 5th Street

505 South 5th Street, Goshen, IN 46526
Property in Elkhart
Sold Nov 17, 2017
$71,300
$57,000 by Lake City Bank
Mortgage Due Dec 01, 2047
Sold Jun 26, 2015
$176,000
$140,800 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2030
505 South 5th Street in Goshen, IN was first built in 1886 and is 138 years old. Although, the building on the property was most recently renovated and altered in 1934. This has been categorized as a residential property type. There are a total of 3 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 505 South 5th Street has 2,244 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 330 ft and the linear feet between the front and back of the lot is 1,370. In total, the area measurement of the land is 4,530 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof made of asphalt. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a detached garage. The garage is 360 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Nov 10, 2017 for $71,300. That's $16.20 per sqft. Prior to that sales transaction, the property was also sold in Jun 23, 2015 for $176,000. 505 South 5th Street was last assessed in 2022. The total value of the property was assessed at $183,800. Specifically, the land the property is located on was valued at $11,900. While improvements on the property were assessed at a total of $171,900. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $2,323. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1886
  • Effective Year Built: 1934
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 1,078
  • Garage Type: Detached
  • Garage Square Area: 360
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,530
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 330
  • Total Building Area: 4,400
  • Gross Building Area: 4,400
  • Building Area: 2,244
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,244
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: FREEMAN & HATTELS ADD
  • Land Acres: 0.104
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: FREEMAN & HATTELS ADD N1/2 LOT 10

Ownership

  • Current Owner : BALTAZAR VINCENT
  • Current Owner 2: KRISHNA KUMUD
  • Previous Owner : NEWBOLD KENNETH F
  • Previous Owner 2: NEWBOLD TIFFANY L
  • Owner Before Previous Owner: JACOBS RANDALL M
  • Owner Before Previous Owner 2: JACOBS RACHEL MILLER
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Goshen Community Schools
  • Census Tract: 000100

Zoning

  • Zoning: ZO01

Geography

  • District: 0006
  • Parcel: 20-11-09-461-007.000-015
  • Block: 461
  • Lot: 10
  • Municipality: ELKHART TOWNSHIP
  • Latitude: 41.5807
  • Longitude: -85.8332

    Address

  • Full Address: 505 S 5th St
  • Address - House Number: 505
  • Street Direction: S
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: IN
  • City Name: Goshen
  • Carrier Code: C015
  • 4-Digit Zip Code: 3927
  • Zip Code: 46526

Valuation

    Tax

  • Total Area: 4,324
  • Tax Year: 2022
  • Tax Amount: $2,323
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.2624
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 266,193
  • High Value: 336,051
  • Low Value: 196,334

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $57,000
  • First Open Lien Mortgage Lender: LAKE CITY BANK
  • First Open Lien Mortgage Recording Date: Nov 17, 2017
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $57,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2047

    Market Valuation

  • Market Total Value: $183,800
  • Market Land Value: $11,900
  • Market Improvement Value: $171,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $183,800
  • Assessed Land Value: $11,900
  • Assessed Improvements Value: $171,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 10, 2017
  • Current Sale Recording Date: Nov 17, 2017
  • Current Sale Transaction ID: 11311918982
  • Current Sale Price: $71,300
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017-24901
  • Previous Sale Recording Date: Jun 26, 2015
  • Previous Sale Contract Date: Jun 23, 2015
  • Previous Sale Amount: $176,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LAKE CITY BANK
  • First Mortgage Transaction Date: Nov 17, 2017
  • First Mortgage Loan Amount: $57,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Dec 01, 2047

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jun 26, 2015
  • Previous Mortgage Loan Amount: $140,800
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2030

About Goshen



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Frequently Asked Questions

What neighborhood is 505 South 5th Street located in?
The 505 South 5th Street is a located in the neighborhood of Elkhart in Goshen, Goshen.
What is the average sales price for listings in 505 South 5th Street?
The average sales price for units in 505 South 5th Street is $0 currently.

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