NOT LISTED FOR SALE

Estimated Value: $388,000 - $528,782

3 Beds
1 Bath
1,492 Sq Ft
$305/Sq Ft Est. Value

Last Sold May 07, 2020

Last sale price $280,000 $188 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $2,935/month

66 Days on Market

Highlights

  • 15 Acre Lot
  • No HOA
  • Community Storage Space
  • Wood Flooring

About This Home

As of May 2020

This gorgeous 15 acre parcel with 3 bed, 1 bath, 1500 +/-sq.ft. Farmhouse is just BURSTING with potential for future expansion! Located on a quiet street within unincorporated Cedar Lake just a few miles from the IN/IL border featuring 3 outbuildings that include electric, 3.5 acres of grass yard & 2 acres of pasture- perfect for hay bailing. Recent improvements include: Water Heater, High Efficiency Boiler, Converted from Propane to Natural Gas, Well Pump & Tank, Remodeled Full Bathroom, Laminate Flooring in Kitchen, Rec. Room & Dinette Area (was previously used as a salon station so their is roughed in plumbing available). Rec. Room features wood burning fireplace, bat & board textured walls + wood ship-lap, plenty of windows providing ample natural light & expansive views of the beautiful land. Laundry Hook-Up & additional storage space can be found in the basement. Ideal piece of property in a prime location- Don't miss the opportunity to call this HOME!

Last Agent to Sell the Property

Katherine Bultema

Compass Indiana, LLC License #RB14042319 Listed on: 02/07/2020

Compass Indiana, LLC

Last Buyer's Agent

Amanda Sams

New Chapter Real Estate License #RB17001748

New Chapter Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,497

Year Built

  • Built in 1885

Lot Details

  • 15 Acre Lot
  • Lot Dimensions are 503 x 1333

Interior Spaces

  • 1,492 Sq Ft Home
  • 1.5-Story Property
  • Recreation Room with Fireplace
  • Basement

Kitchen

  • Range Hood
  • Freezer

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Hanover Central High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Radiant Heating System
  • Well

Community Details

  • No Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Assessor Parcel Number 451520401005000013

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,497

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1885
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Level, Open Lot, Paved
  • Road Surface Type: Paved
  • Co List Office Mls Id: NRA2205
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1492
  • Unit Levels: One and One Half
  • Reso Other Structures: Shed(s), Storage
  • Property Attached Yn: No
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Gas Range, Freezer, Range Hood
  • Interior Amenities: Primary Downstairs
  • Basement: Interior Entry, Sump Pump
  • Flooring: Hardwood, Other, Tile
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Recreation Room
  • Fireplaces: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 15
  • Construction Type: Vinyl Siding

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Available, Natural Gas Available
  • Cooling: Wall/Window Unit(s)
  • Heating: Baseboard, Radiant
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 503 x 1333
  • Lot Size Sq Ft: 653400
  • Parcel #: 451520401005000013
  • Zoning Description: Residential

Tax Info

  • Year: 2019
  • Tax Annual Amount: 2497

MLS Schools

  • HighSchool: Hanover Central High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2023
Sold by
Pitrowski Scott M
Bought by
Trust No 123008
Current Estimated Value
$454,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,198
Outstanding Balance
$361,145
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$93,801

Purchase Details

Closed on
Aug 14, 2023
Sold by
Pitrowski Scott M
Bought by
Trust No 123008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,198
Outstanding Balance
$361,145
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$93,801

Purchase Details

Listed on
Feb 7, 2020
Closed on
May 7, 2020
Sold by
Groen Daniel and Groen Marissa
Bought by
Pitrowski Scott M
Seller's Agent
Katherine Bultema
Compass Indiana, LLC
Buyer's Agent
Amanda Sams
New Chapter Real Estate
List Price
$280,000
Sold Price
$280,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.42%
Original Mortgage
$266,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 3, 2016
Closed on
Jan 24, 2017
Sold by
Rhein Patrick M
Bought by
Groen Daniel and Groen Marissa
Seller's Agent
Jason Moon
Trueblood Real Estate, LLC
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
28.30%
Original Mortgage
$160,000
Interest Rate
4.32%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 28, 2016
Sold by
Rhen Patrick M and Rhen Family Trust
Bought by
Rhein Patrick M
Source: Public Records

Range of Values:

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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
Trust No 123008 -- First American
Trust No 123008 $435,000 First American
Pitrowski Scott M -- Chicago Title Insurance Co
Groen Daniel -- Meridian Title Corp
Rhein Patrick M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trust No 123008 $369,198
Closed Trust No 123008 $369,198
Previous Owner Pitrowski Scott M $266,000
Previous Owner Groen Daniel $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2020 05/07/20 Sold $280,000 0.0% $188 / Sq Ft
04/13/2020 04/13/20 Pending -- -- --
02/07/2020 02/07/20 For Sale $280,000 +133.3% $188 / Sq Ft
12/12/2016 12/12/16 Sold $120,000 0.0% $80 / Sq Ft
11/12/2016 11/12/16 Pending -- -- --
11/03/2016 11/03/16 For Sale $120,000 -- $80 / 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 $6,270 $464,400 $256,000 $208,400
2023 $3,980 $312,800 $180,000 $132,800
2022 $3,980 $306,300 $180,000 $126,300
2021 $3,986 $302,000 $180,000 $122,000
2020 $2,738 $224,500 $100,000 $124,500
2019 $2,780 $222,800 $100,000 $122,800
2018 $2,543 $202,400 $84,000 $118,400
2017 $2,565 $194,000 $84,000 $110,000
2016 $2,386 $177,600 $84,000 $93,600
2014 $1,988 $173,600 $84,000 $89,600
2013 $2,037 $172,600 $84,000 $88,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 469572

Northwest Indiana Association of REALTORS®

APN: 45-15-20-401-005.000-013