Property Tax Basics – St. Joseph County
Indiana’s “circuit breaker” legislation is set to limit property tax rates to two percent of the assesed value of a property. This sounds good to home owners, but how does this affect houses in and near South Bend? St. Joseph County has high tax rates relative to the rest of Indiana. In fact, eight of […]
South Bend Condo Awards
With our launch of an improved South Bend Condo Guide featuring photos and 2006 sales statistics, it feels appropriate to present these South Bend Condo Awards: Most Buzz: Oak Hill Most Like A Single Family Home: Erskine Manor Most Intriguing Concept: Waterford Estates Most Natural Beauty: North Shore Club Most Affordable: Topsfield Fewest Restrictions: Stadium […]
Townhouse Review: Erskine Manor
1240 Honan Drive (map) asking price: $194,900 2 bedrooms, 2 baths 1,564 square feet built: 1985 association fee: $372 / month 2005 taxes: $4,804 parking: attached 2-car garage a Cressy and Everett listing Erskine Manor is a south side neighborhood with a single entrance and variety of housing options, all expensive. The mix consists of […]
Status of the South Bend Area Housing Market: 01/31/07
 One definition of a buyer’s market is when the current supply of available homes exceeds six months demand, based on the last two years of sales. The average number of sales per month for 2005-6 in the Greater South Bend – Mishawaka MLS is 385. As of January 31st, 2007 there are 2,078 homes for sale. […]
Buyers Beware
After linking to a recent story on mortgage fraud in South Bend, I discussed the issue with several people in the housing industry. Minutes after talking about it over lunch, my office received a phone call from a California based investor inquiring about a $10,000 South Bend house he found on E-bay. After ten minutes […]