124 W 11th St Michigan City, IN 46360
Estimated Value: $293,418 - $311,000
4
Beds
4.5
Baths
4,142
Sq Ft
$73/Sq Ft
Est. Value
Highlights
- Deck
- Balcony
- Patio
- Wood Flooring
- Detached Garage
- 1-Story Property
About This Home
As of March 2022Investment Opportunity in the growing down town Michigan City Art District.Conveniently located a block from the south shore train station and a short walk to the beach.This is a 5 unit building, with 4 residential and a 910 sq. ft. commercial space. The store front faces 11th St. for high visibility and traffic. Perfect for a owner to live in one unit and run there business in the commercial space. Three of the residential units have been tastefully remodeled with new kitchens, bathrooms, ceramic tile and new carpet. Separate heating units and 4 electric panels also all of the plumbing has been updated with copper and PVC drain pipe. The 4 residential units are all very spacious 1 bedroom apartments. Shingle roof is 8 years old, the exterior is vinyl, updated dual pane windows, plenty of decking and off street parking for the tenants.
Last Agent to Sell the Property
Gus Tsaparikos
@properties/Christie's Intl RE License #RB14021600 Listed on: 07/29/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,756
Year Built
- Built in 1880
Lot Details
- 4,950 Sq Ft Lot
- Lot Dimensions are 50 x 99
Interior Spaces
- 4,142 Sq Ft Home
- 1-Story Property
- Elevator
- Dishwasher
- Basement
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
Parking
- Detached Garage
- Off-Street Parking
Outdoor Features
- Balcony
- Deck
- Patio
Utilities
- No Cooling
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $696
- The owner pays for electricity, gas, sewer, water
- Assessor Parcel Number 460129466001000022
Community Details
Overview
- 5 Units
- Land Co Subdivision
Building Details
- New Taxes Expense $2,097
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 29, 2021
Closed on
Mar 17, 2022
Sold by
Victoria Queen
Bought by
Moyer Dale and Moyer Sheila
Seller's Agent
Gus Tsaparikos
@properties/Christie's Intl RE
Buyer's Agent
Michael Conner
@properties/Christie's Intl RE
List Price
$280,000
Sold Price
$280,000
Total Days on Market
175
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,473
Avg. Annual Appreciation
2.54%
Original Mortgage
$210,000
Outstanding Balance
$173,644
Interest Rate
2.77%
Mortgage Type
New Conventional
Estimated Equity
$129,829
Purchase Details
Closed on
Jul 6, 2010
Sold by
Queen Victoria
Bought by
Queen Victoria
Similar Home in Michigan City, IN
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Moyer Dale | $280,000 | Drake Andrew R | |
| Queen Victoria | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Moyer Dale | $210,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2022 03/21/22 | Sold | $280,000 | 0.0% | $68 / Sq Ft |
| 02/19/2022 02/19/22 | Pending | -- | -- | -- |
| 07/29/2021 07/29/21 | For Sale | $280,000 | -- | $68 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Tax History Compared to Growth
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 | $4,756 | $216,800 | $4,600 | $212,200 |
| 2022 | $3,763 | $174,000 | $4,600 | $169,400 |
| 2021 | $2,219 | $100,400 | $4,600 | $95,800 |
| 2020 | $2,097 | $100,400 | $4,600 | $95,800 |
| 2019 | $1,991 | $84,200 | $4,600 | $79,600 |
| 2018 | $1,929 | $81,100 | $4,600 | $76,500 |
| 2017 | $1,594 | $62,400 | $4,600 | $57,800 |
| 2016 | $1,644 | $64,500 | $4,600 | $59,900 |
| 2014 | $3,391 | $148,000 | $26,300 | $121,700 |
Source: Public Records
Agents Affiliated with this Home
-
G
Seller's Agent in 2022
Gus Tsaparikos
@ Properties
-
Michael Conner
Buyer's Agent in 2022
Michael Conner
@ Properties
(219) 243-2120
82 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 497541
APN: 46-01-29-466-001.000-022
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