NOT LISTED FOR SALE

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 April 03, 2023

Last sale price $250,000 $127 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,879/month

381 Days on Market

Highlights

  • Attached Garage
  • Laundry Facilities
  • Community Storage Space
  • Westchester Intermediate School Rated A-
  • Community Deck or Porch

About This Home

As of April 2023

Come see this all brick duplex! Perfect for investment property or live in one unit and rent out the other. This home is close to the train station. Crawl space is waterproofed, Attic has 12 inches of insulation. Both sides are tenant occupied on month to month.

Last Agent to Sell the Property

Jeff McCormick

McCormick Real Estate, Inc. License #RB14033291 Listed on: 02/16/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,423

Year Built

  • Built in 1976

Lot Details

  • 0.28 Acre Lot

Home Design

  • 1,974 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • Attached Garage
  • 4 Open Parking Spaces
  • Garage Door Opener
  • Driveway

Listing and Financial Details

  • Assessor Parcel Number 640325352003000023

Community Details

Overview

  • 2 Units
  • Starhill Acres Subdivision

Amenities

  • Community Deck or Porch
  • Laundry Facilities
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,423

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1976
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Deck/Patio, Laundry, Storage
  • Co List Office Mls Id: GNR1136
  • Subdivision Name: Starhill Acres
  • GNR_TotalBathrooms: 2.5
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • GNR_RealEstateOwnedYN: false
  • GNR_ShortSaleYN: false
  • GNR_ParkingSurface: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Exterior Features

  • Acres: 0.285

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: Attached, Garage Door Opener

Lot Info

  • Lot Size Sq Ft: 12415
  • ResoLotSizeUnits: Acres
  • Parcel #: 640325352003000023
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5423

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2022
Closed on
Apr 3, 2023
Sold by
Sadeq Mohammad
Bought by
Polka Lucas M
Seller's Agent
Jeff McCormick
McCormick Real Estate, Inc.
List Price
$250,000
Sold Price
$250,000
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.
Estimated Appreciation
$38,972
Avg. Annual Appreciation
5.45%
Original Mortgage
$245,471
Outstanding Balance
$238,292
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$50,680

Purchase Details

Closed on
Oct 23, 2014
Sold by
Riley Kelvin C and Riley Kimberly A
Bought by
Sadeq Momammad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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
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Average Value
Not Available
List Price
Sold Price
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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
04/03/2023 04/03/23 Sold $250,000 0.0% $127 / Sq Ft
03/04/2023 03/04/23 Pending -- -- --
02/16/2022 02/16/22 For Sale $250,000 -- $127 / 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

  • Jeff McCormick

    Seller's Agent in 2023

    Jeff McCormick

    McCormick Real Estate, Inc.

    (219) 613-5643

    3 in this area

    694 Total Sales

    Jeff McCormick
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR506443

Northwest Indiana Association of REALTORS®

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

Indiana Porter County Chesterton 46304

1116 Penny Ln, Chesterton, IN

Not Listed for Sale

MultiFamily

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