NOT LISTED FOR SALE

1114-1116 Penny Ln Chesterton, IN 46304

Estimated Value: $280,000 - $300,000

5 Beds
2.5 Baths
1,974 Sq Ft
$146/Sq Ft Est. Value

Last Sold October 23, 2014

Last sale price $120,000 $61 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $1,879/month

102 Days on Market

Highlights

  • Deck
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Westchester Intermediate School Rated A-
  • Patio

About This Home

As of October 2014

This all brick duplex has been beautifully remodeled and maintained. Covered porches with newer roof.1116 Penny Lane features deck in front of home, new carpeting, remodeled baths. Master bedroom has walk-in closet! Both units have newer windows, furnaces, and hot water tanks. Live in one unit, rent out the other to help with the low payments. Privately set in a small, quiet subdivision. Close to train station for Chicago commute. Crawl space has been waterproofed. See listing agent for details. 12 inches of insulation added to attic. Roof is app.9.5 years old (1/28/14). Please give at least 60 day notice to tenants for owner occupied.Both sides occupied on month to month.

Last Agent to Sell the Property

Mark Gore

Gore Realty License #RB14025969 Listed on: 04/21/2014

Last Buyer's Agent

Mark Gore

Gore Realty License #RB14025969 Listed on: 04/21/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 124 x 100

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Brick Foundation

Interior Spaces

  • 1,974 Sq Ft Home
  • Elevator
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Deck
  • Patio

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $1,475
  • Assessor Parcel Number 10000174122

Community Details

Overview

  • 2 Units
  • Starhill Acres Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • New Taxes Expense $2,433

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1976
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: In Unit, Other
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: NRA27
  • Subdivision Name: Starhill Acres
  • Garage Yn: Yes
  • Reso Other Structures: Shed(s)
  • WaterExpense: 0.00
  • SewerExpense: 12.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Elevator
  • Basement: Crawl Space, Sump Pump
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.2847
  • Construction Type: Brick
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Garage Door Opener
  • Total Parking Spaces: 4

Utilities

  • Utilities: Cable Available, Sewer Available
  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Other

Schools

  • Junior High Dist: Duneland School Corporation

Lot Info

  • Lot Dimensions: 124 x 100
  • Lot Size Sq Ft: 12400
  • Parcel #: 10000174122

Rental Info

  • Lease Term: Month To Month
  • Pets Allowed: Yes
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 1475

Tax Info

  • New Taxes Expense: 2433

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2023
Sold by
Sadeq Mohammad
Bought by
Polka Lucas M
Current Estimated Value
$288,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,471
Outstanding Balance
$238,292
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$50,680

Purchase Details

Listed on
Apr 21, 2014
Closed on
Oct 23, 2014
Sold by
Riley Kelvin C and Riley Kimberly A
Bought by
Sadeq Momammad
Seller's Agent
Mark Gore
Gore Realty
Buyer's Agent
Mark Gore
Gore Realty
List Price
$120,000
Sold Price
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.18%
Original Mortgage
$90,000
Interest Rate
4.13%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Polka Lucas M -- None Listed On Document
Sadeq Momammad -- Fidelity National Title Co
Sadeq Mohammad -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Polka Lucas M $245,471
Previous Owner Sadeq Mohammad $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2014 10/23/14 Sold $120,000 0.0% $61 / Sq Ft
09/23/2014 09/23/14 Pending -- -- --
04/21/2014 04/21/14 For Sale $120,000 -- $61 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,332 $301,600 $49,700 $251,900
2023 $5,733 $284,300 $46,400 $237,900
2022 $5,693 $257,800 $46,400 $211,400
2021 $5,474 $246,700 $46,400 $200,300
2020 $5,423 $244,400 $44,100 $200,300
2019 $4,810 $216,700 $44,100 $172,600
2018 $4,685 $208,900 $44,100 $164,800
2017 $3,833 $170,600 $44,100 $126,500
2016 $3,459 $153,900 $30,800 $123,100
2014 $2,472 $109,300 $29,400 $79,900
2013 -- $109,300 $29,400 $79,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Mark Gore

    Gore Realty

    (219) 762-7741

    24 Total Sales

    Mark Gore
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 348109

Northwest Indiana Association of REALTORS®

APN: 64-03-25-352-003.000-023

Indiana Porter County Chesterton 46304

1114-1116 Penny Ln, Chesterton, IN

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes