3420 MichiganSouth Bend, IN 46614

  • Hospitality properties
  • 5,952 SF
Off market
$2,656,500 Estimated

Property Details for 3420 Michigan

Year built
1953
Construction
WOOD
Lot size
0.27 AC
Property size (Sq ft)
5,952 SF
Property type
Hospitality properties
Property subtype
Hotels
APN
71-08-24-355-012.000-026
APU
710824355012000026

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,190,028
    6.5%
    $1,098,487
    7%
    $1,020,024
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,821,833
    Geo Method
    $1,821,833
  • Alternative Use

    Use
    Valuation
    Residential
    $1,199,229
    Hospitality
    $1,098,487
    Educational
    $913,928
    Medical
    $945,360
    Retail
    $1,421,666
3420 Michigan, South Bend, Indiana

Location Insight

City
South Bend
County
St. Joseph
State
Indiana
Latitude
41.6389
Longitude
-86.2494
CBSA code
43780
CBSA name
SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,712
$22,400
$146,400
$168,800
-
$22,400
$146,400
$168,800

FAQs

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