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509 East Altgeld Street

509 East Altgeld Street, South Bend, IN 46614
Property in Erskine Park
Refi Apr 21, 2017
Transfer
$30,000 by Hud
Mortgage
Local assessors in South Bend, IN have categorized 509 East Altgeld Street as a residential type of property. The home was built in 1920 and is 104 years old. The property's lot size has been calculated to be 5,544 square feet. The linear feet between the front and back of the lot was measured at 1,320 ft and the front of the lot was measured at 420 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 509 East Altgeld Street has a total of 880 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 384 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 280 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a roof that is made of asphalt. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $891 in taxes each year. 509 East Altgeld Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $95,800. If we break it down further, the land itself was valued at $4,200. Improvements to the property, however, were assessed at a total of $91,600. 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: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 384
  • Garage Type: Detached
  • Garage Square Area: 280
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,544
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 420
  • Total Building Area: 1,264
  • Gross Building Area: 1,264
  • Building Area: 880
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 880
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: STUDEBAKER PLACE 1ST
  • Land Acres: 0.127
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 95 STUDEBAKER PLACE 1ST

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: South Bend Community School Corporation
  • Census Tract: 003300

Geography

  • Assessors Map Reference: 5324-C3
  • District: 0011
  • Parcel: 71-08-24-203-015.000-026
  • Lot: 95
  • Municipality: PORTAGE TOWNSHIP
  • Latitude: 41.6492
  • Longitude: -86.2439

    Address

  • Full Address: 509 E Victoria St
  • Address - House Number: 509
  • Street Direction: E
  • Address - Street Name: Victoria
  • Address - Suffix Type: St
  • State: IN
  • City Name: South Bend
  • Carrier Code: C010
  • 4-Digit Zip Code: 1242
  • Zip Code: 46614

Valuation

    Tax

  • Total Area: 1,474
  • Tax Year: 2022
  • Tax Amount: $891
  • Tax Rate Code Area: 18

    Appraisal Valuation

  • Standard Deviation: 0.2677
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 61
  • Final Value: 125,057
  • High Value: 158,540
  • Low Value: 91,573

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $30,000
  • First Open Lien Mortgage Lender: HUD
  • First Open Lien Mortgage Recording Date: Apr 21, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $30,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $95,800
  • Market Land Value: $4,200
  • Market Improvement Value: $91,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $95,800
  • Assessed Land Value: $4,200
  • Assessed Improvements Value: $91,600

    Exemptions

  • Homeowner Exemption: Yes

About Erskine Park



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Frequently Asked Questions

What neighborhood is 509 East Altgeld Street located in?
The 509 East Altgeld Street is a located in the neighborhood of Erskine Park in Erskine Park, South Bend.
What is the average sales price for listings in 509 East Altgeld Street?
The average sales price for units in 509 East Altgeld Street is $0 currently.

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