Seller's Agent in 2025
Scott Barton
Cornerstone Real Estate Agency
(219) 863-0015
20 in this area
37 Total Sales
127 S Front St Rensselaer, IN 47978
3
Beds
3
Baths
1,748
Sq Ft
5,968
Sq Ft Lot
Highlights
- Corner Lot
- No HOA
- Carpet
- Van Rensselaer Elementary School Rated 9+
- Laundry closet
- 4-minute walk to Potawatomi Park
About This Home
As of June 2025This three unit building is located close to downtown Rensselaer. Property has two 1 bedroom apartments and also a studio apartment. Both of the single bedroom apartments have hot water baseboard heat and window A/C. The studio apartment has an efficiency wall furnace and window A/C. All utilities are with City of Rensselaer. Main floor one bedroom apartment includes a stacked washer/dryer. All apartments have refrigerator and stove provided. Roof replaced in August of 2014. Boilers replaced in December of 2010.
Last Agent to Sell the Property
Cornerstone Real Estate Agency License #RB20000516 Listed on: 04/24/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,218
Year Built
- Built in 1910 | Remodeled
Lot Details
- 5,968 Sq Ft Lot
- Lot Dimensions are 75 x 79
- Corner Lot
Home Design
- Block Foundation
Interior Spaces
- 1,748 Sq Ft Home
- 2-Story Property
- Natural lighting in basement
- Laundry closet
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Utilities
- Heating System Uses Natural Gas
- Radiant Heating System
Listing and Financial Details
- Total Actual Rent $17,400
- Tenant pays for electricity, gas
- The owner pays for water, sewer
- Rent includes water, sewer
- Assessor Parcel Number 370730000021001027
Community Details
Overview
- No Home Owners Association
- 3 Units
- Dobsons Sub Subdivision
Amenities
- No Laundry Facilities
Pet Policy
- No Pets Allowed
Building Details
- Insurance Expense $1,575
- New Taxes Expense $1,217
- Net Operating Income $17,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 24, 2024
Closed on
Jun 16, 2025
Sold by
Bormann Robert L
Bought by
Saavedra Angeles Rentals Llc
Seller's Agent
Scott Barton
Cornerstone Real Estate Agency
Buyer's Agent
Terri Phegley
Cornerstone Real Estate Agency
List Price
$159,900
Sold Price
$120,000
Premium/Discount to List
-$39,900
-24.95%
Views
178
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
$29,565
Avg. Annual Appreciation
52.74%
Original Mortgage
$180,000
Outstanding Balance
$172,206
Interest Rate
5.92%
Mortgage Type
New Conventional
Estimated Equity
-$22,641
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | Sold | $120,000 | -25.0% | $69 / Sq Ft |
| 05/01/2025 05/01/25 | Pending | -- | -- | -- |
| 03/04/2025 03/04/25 | For Sale | $159,900 | 0.0% | $91 / Sq Ft |
| 02/05/2025 02/05/25 | Pending | -- | -- | -- |
| 10/24/2024 10/24/24 | Price Changed | $159,900 | -5.9% | $91 / Sq Ft |
| 08/01/2024 08/01/24 | Price Changed | $169,900 | -5.6% | $97 / Sq Ft |
| 06/26/2024 06/26/24 | Price Changed | $179,900 | -5.3% | $103 / Sq Ft |
| 05/01/2024 05/01/24 | For Sale | $189,900 | -- | $109 / 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 | $1,243 | $105,500 | $18,600 | $86,900 |
| 2023 | $1,218 | $99,700 | $18,600 | $81,100 |
| 2022 | $1,132 | $88,200 | $16,200 | $72,000 |
| 2021 | $1,038 | $74,400 | $16,200 | $58,200 |
| 2020 | $995 | $72,900 | $16,200 | $56,700 |
| 2019 | $951 | $72,500 | $16,200 | $56,300 |
| 2018 | $915 | $72,300 | $16,200 | $56,100 |
| 2017 | $871 | $72,400 | $16,200 | $56,200 |
| 2016 | $809 | $71,000 | $16,200 | $54,800 |
| 2014 | $821 | $71,300 | $16,200 | $55,100 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Barton
-
Terri Phegley
Seller Co-Listing Agent in 2025
Terri Phegley
Cornerstone Real Estate Agency
(219) 863-2206
96 in this area
178 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 802945
APN: 37-07-30-000-021.001-027
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.
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.
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