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509 Prospect St; Elkhart, IN Property Details

509 Prospect St, Elkhart, IN is a Triplex 3 Units that was built in 1880. This property is currently Financed and is not for sale. Our records show that 509 Prospect St has 5 bedrooms, and 3 bathrooms, and a total of 2,068 square feet. The lot size of 509 Prospect St is 9,845 square feet.

Off market
509 Prospect St Elkhart, IN 46514
$285,000 Listing Price
5 Beds
3 Baths
2,068 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1880
  • Purchase Price: $284,287
  • Open Loans / Balance: 1 / $212,890
  • Est. Equity / %: $-22,890 / -12.05%
  • APN: 20-06-05-157-011.000-012
  • Situs County: Elkhart
  • Length Of Ownership: 6 months

Rooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Total Rooms: 14

Structure

  • Building Style: Frame
  • Stories: 2
  • Building Condition: Fair
  • Building Quality: D
  • Roof Cover Type: Asphalt
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 2,068/SqFt
  • Lot: 9,845/SqFt
  • Gross: 2,594/SqFt
  • Garage: 288/SqFt
  • Living: 2,068/SqFt
  • Basement: 526/SqFt
  • Building: 2,594/SqFt
  • Ground: 784/SqFt
  • Price Per Square Foot: $137.47

Legal Description

  • Description: RIVERSIDE ADDITION LOT 166
Building Insights

Land Information

  • Property Type: Triplex 3 Units
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Elkhart Community Schools
  • Lat / Lon: 41.689983 / -85.98391
  • Subdivision: Riverside Addition
  • Property Class: Residential
  • Zoning: ZO01
  • County Use Code: 530

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2618
  • Bathroom Fixtures: 15
  • Cooling: None
  • Fireplaces: 1
  • Garage: Detached Garage
  • Heating: Central
  • Parking: 1

Ownership Info

509 Prospect St has no associated ownership info
509 Prospect St has no associated ownership info.

Taxes

509 Prospect St has 8 associated Taxes items

509 Prospect St, Elkhart, IN pays taxes in Elkhart County, IN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $52,300. The APN we've located for 509 Prospect St is 20-06-05-157-011.000-012.

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Taxes
  • Assessed Value:  $52,300
  • Assessed Year:  2025
  • Assessed County:  Elkhart
  • APN:  20-06-05-157-011.000-012
  • Tax Amount:  1072.94
  • Tax Year:  2024
  • Market Value:  52300
  • Market Year:  2025

Tax History

509 Prospect St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $52,300 Land Value Improvement Value $52,300 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $1,072.94 Change Rate -0.00082% Assessed CR Tax Rate
Year 2023 Assessed Value Land Value Improvement Value Tax Amount $1,073.82 Change Rate -0.442038% Assessed CR Tax Rate
Year 2022 Assessed Value $94,200 Land Value $25,900 Improvement Value $68,300 Tax Amount $1,924.54 Change Rate +0.00364% Assessed CR Tax Rate +0.02043%
Year 2021 Assessed Value $88,800 Land Value $25,900 Improvement Value $62,900 Tax Amount $1,917.56 Change Rate Assessed CR Tax Rate +0.021594%
Year 2020 Assessed Value $88,800 Land Value $25,900 Improvement Value $62,900 Tax Amount $1,917.56 Change Rate +0.633189% Assessed CR Tax Rate +0.021594%
Year 2019 Assessed Value $54,600 Land Value $6,600 Improvement Value $48,000 Tax Amount $1,174.12 Change Rate -0.172047% Assessed CR Tax Rate +0.021504%
Year 2018 Assessed Value $65,500 Land Value $6,600 Improvement Value $58,900 Tax Amount $1,418.1 Change Rate -0.0205% Assessed CR Tax Rate +0.02165%
Year 2017 Assessed Value $66,700 Land Value $6,600 Improvement Value $60,100 Tax Amount $1,447.78 Change Rate +0.059573% Assessed CR Tax Rate +0.021706%
Year 2016 Assessed Value $64,500 Land Value $6,600 Improvement Value $57,900 Tax Amount $1,366.38 Change Rate +0.235001% Assessed CR Tax Rate +0.021184%
Year 2014 Assessed Value $51,900 Land Value $6,600 Improvement Value $45,300 Tax Amount $1,106.38 Change Rate -0.161833% Assessed CR Tax Rate +0.021318%
Year 2013 Assessed Value $66,000 Land Value $20,700 Improvement Value $45,300 Tax Amount $1,320 Change Rate Assessed CR Tax Rate +0.02%