1540 Bay Dr
Elkhart, IN 46514
3 bd 2 ba 1,539 sqft Built 1962 Lot 12,632 sqft single_family
Most recent sale
$300,000
Apr 15, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 15, 2024 | Sold | $300,000 | IRMLS |
| Mar 8, 2024 | Listed | $299,900 | IRMLS |
| Sep 18, 2014 | Sold | $154,256 | Public Record |
| Sep 16, 2014 | Listing removed | $134,500 | ElkHartCounty |
| Aug 29, 2014 | Relisted | $134,500 | ElkHartCounty |
| Aug 7, 2014 | Listing removed | $134,500 | ElkHartCounty |
| Jul 24, 2014 | Listed | $134,500 | ElkHartCounty |
| Nov 2, 2010 | Listing removed | $139,500 | ElkHartCounty |
| Sep 13, 2010 | Relisted | $139,500 | ElkHartCounty |
| Sep 12, 2010 | Listing removed | $139,500 | ElkHartCounty |
| Mar 11, 2010 | Listed | $139,500 | ElkHartCounty |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $165,300 | $34,300 | $199,600 | $1,830 |
| 2024 | $160,700 | $34,300 | $195,000 | $1,986 |
| 2023 | $133,700 | $34,300 | $168,000 | $2,205 |
| 2022 | $110,500 | $34,300 | $144,800 | $2,056 |
| 2021 | $102,200 | $34,300 | $136,500 | $1,758 |
| 2020 | $102,200 | $34,300 | $136,500 | $1,753 |
| 2019 | $92,400 | $22,500 | $114,900 | $1,748 |
| 2018 | $85,400 | $22,500 | $107,900 | $1,458 |
| 2017 | $82,300 | $22,500 | $104,800 | $1,358 |
| 2016 | $76,700 | $22,500 | $99,200 | $1,315 |
| 2015 | $81,300 | $22,500 | $103,800 | $1,236 |
| 2013 | $81,300 | $22,500 | $103,800 | $1,156 |
| 2012 | $86,800 | $22,500 | $109,300 | $1,137 |
| 2011 | $83,200 | $21,700 | $104,900 | $1,000 |
| 2010 | $87,700 | $22,800 | $110,500 | $999 |
| 2008 | $82,400 | $22,100 | $104,500 | $955 |
| 2007 | $81,400 | $22,100 | $103,500 | $1,375 |
| 2006 | $66,000 | $22,100 | $88,100 | $1,063 |
Property facts
Year built
1962
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
1,539 sqft
Lot size
12,632 sqft
ZIP code
46514
City
Elkhart
Street
Bay Dr
Coordinates
41.70351, -85.93481
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,309
Gross rental yield
9.24%
Implied cap rate
6.00%
Trend-extrapolated value
—
Frequently asked questions
When did 1540 Bay Dr last sell?
1540 Bay Dr most recently sold on Apr 15, 2024 for $300,000.
What is the current tax assessment for 1540 Bay Dr?
The most recent total assessment for 1540 Bay Dr (year 2025) is $199,600 with $1,830 in property tax.
How does 1540 Bay Dr's assessment compare to its last sale price?
The current assessment is 33.5% below the last sale price of $300,000.
When was 1540 Bay Dr built?
1540 Bay Dr was built in 1962.
How does 1540 Bay Dr compare to others on Bay Dr?
We track 8 other properties on Bay Dr. Browse the list under "Other properties on Bay Dr" to compare beds, baths, and sale history.
What are the property facts for 1540 Bay Dr?
1540 Bay Dr is a 3 bed, 2 bath, 1,539 sqft, 12,632 sqft lot single_family.
Is 1540 Bay Dr a flip candidate?
No — 1540 Bay Dr does not appear in our flips dataset.
Is 1540 Bay Dr a tax-appeal candidate?
No — 1540 Bay Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-4.0%
Implied 1-yr
-16.1%
2026 Q3
$230.4K
2026 Q4
$217.8K
ZIP 46514 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Bay Dr