Welcome to this 1920 Craftsman-style home located in the coveted Edgewater Historic District. This charming property offers the perfect blend of vintage charm and modern updates. Enjoy views of the river from the spacious covered porch. Inside, you'll find beautiful hardwood floors, custom built-ins in the living room, and elegant French doors leading to the dining room with glass-front cabinets. The bedrooms are generously sized, including a walk-in dressing room closet for added convenience, Small yard low maintenane ,The partially finished basement, updated in 2022, is perfect for an office or craft room. Additional upgrades include a new water heater (2022), washer/dryer (2023), new chimney (2022), and foundation repairs in January 2022, which included carbon straps and a sump pump installation. This home is perfectly situated close to downtown, combining historic charm with modern comforts.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,105
Per Month
Principal & Interest
$1,038
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$690
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Perley Fine Arts Academy
740 N Eddy St
Distance between this listing and this school1.06 miles
Public District Grades KG-4
3
/10
Madison Primary Center
832 N Lafayette Blvd
Distance between this listing and this school1.21 miles
Public District Grades PK-4
4
/10
McKinley Primary Center
228 N Greenlawn Ave
Distance between this listing and this school1.26 miles
Public District Grades KG-4
Nearby Schools
3
/10
Jefferson Intermediate Center
528 S Eddy St
Distance between this listing and this school0.39 miles
Public District Grades 5-8
2
/10
Edison Intermediate Center
2701 Eisenhower Ave
Distance between this listing and this school2.03 miles
Public District Grades 5-8
1
/10
Xavier School of Excellence
3423 S Michigan St
Distance between this listing and this school2.24 miles
Public Charter Grades KG-8
Nearby Schools
4
/10
Adams High School
808 S Twyckenham Dr
Distance between this listing and this school0.97 miles
Public District Grades 9-12
3
/10
Riley High School
1902 Fellows St
Distance between this listing and this school1.13 miles
Public District Grades 9-12
3
/10
Washington High School
4747 W Washington St
Distance between this listing and this school3.80 miles
The neighbors living near this home have an average income of $22,120. The majority of South Bend, IN residents have income less than $35k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 507 River Ave
What is the listing price of this property?
The listing price of 507 River Ave property is $207,900.
What type of property is this?
The property 507 River Ave is a house located in South Bend, Indiana, 46601.
Is this property for sale now?
Accepting Backup Offers: 507 River Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $755 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 507 River Ave has 3 bedrooms and 1 full and 1 half bathrooms.
Which year was this property built?
The year of construction for 507 River Ave is 1920.
This home is located at 507 River Ave in South Bend, IN and zip code 46601 in the Edgewater Place neighborhood. This home was built in 1920. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $207,900.
In September 2024 more than 50 listings in South Bend, IN were sold above the asking price. During the same period more than 40 listings were sold at asking price, while more than 92 were sold below. The number of homes for sale in South Bend, IN increased by 21.3% between August 2024 and September 2024. Listings spent 1 days on the market in September 2024, and had a median list price of $196,450 during the same period.
From Rocket Homes Real Estate and based on county public records data.