$341,000
SOLD AUG 16, 2024

12986 Colfax St Cedar Lake, IN 46303

4 Beds
2 Baths
1,574 Sq Ft
0.29 Acres

Recently Sold

$217 Per Sq Ft

5% Above List Price

3 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Front Porch
  • Douglas MacArthur Elementary School Rated A
  • No HOA
  • 2 Car Attached Garage

About This Home

As of August 2024

Prime Investment Opportunity in Cedar LakeDiscover an exceptional investment opportunity in the heart of Cedar Lake. This charming ranch-style multi-unit duplex is perfect for savvy buyers looking to capitalize on rental income or enjoy lakeside living while generating revenue. Rent both units or live in one and lease the other.Recent Renovations:Unit 12986 Colfax (Tenant-Occupied):Fully remodeled in 2022/232 bedrooms, new bathroom, living room, galley kitchen, dining room, laundry/utility roomNew flooring, water heater (2022), dishwasher (2021), refrigerator and washer (2023)Unit 6451 W 129th Ave (Owner-Occupied):Fully remodeled in 20222 bedrooms, bathroom, living room with fireplace, galley kitchen, dining room, laundry/utility roomNew flooring, water heater, microwave and refrigerator (2022)Additional Features:Tenants are responsible for their own utilities and lawn/snow maintenance.Each unit includes a sump pump and features a dry crawl space, ensuring a well-maintained environment.New Commercial grade water softener systemNew maintenance-free solid surface deckPrime Location, situated near the coveted Cedar Lake with numerous amenities. Top rated Crown Point Schools.Walking distance to Lemon Lake, offering a serene and picturesque setting.This well-maintained property offers a unique opportunity to own prime real estate in a sought-after lake community. Don't miss out on this amazing investment potential. Possession subject to tenants' rights.

Last Agent to Sell the Property

Janet Keric

@properties/Christie's Intl RE License #RB14030901 Listed on: 06/20/2024

@properties/Christie's Intl RE

Last Buyer's Agent

Christine Swisher

BHHS Executive Realty License #RB17000623

BHHS Executive Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,092

Year Built

  • Built in 1977 | Remodeled

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 90 x 140
  • Landscaped
  • Corner Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 1,574 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Fire and Smoke Detector

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Front Porch

Schools

  • Crown Point High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Water Softener is Owned

Listing and Financial Details

  • Total Actual Rent $14,400
  • Tenant pays for all utilities, sewer, trash collection, snow removal, gas, hot water, grounds care, electricity
  • Assessor Parcel Number 45-15-23-427-025.000-043

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Lemon Lake Estates Subdivision

Building Details

  • Insurance Expense $817
  • Gross Income $14,400
  • Net Operating Income $11,413

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,092

Year Built

Built in 1977 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1977
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: In Unit, Main Level, Laundry Room
  • ResoLotFeatures: Back Yard, Level, Garden, Landscaped, Corner Lot
  • ResoPoolFeatures: None
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • ResoOtherEquipment: None
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: NRA2041
  • Subdivision Name: Lemon Lake Estates
  • Above Grade Finished Sq Ft: 1574
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Reso Other Structures: None
  • Reso Property Condition: Updated/Remodeled
  • AuctionYN: No
  • AboveGradeUnfinishedArea: 0.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Washer, Water Softener Owned, Washer/Dryer Stacked, Microwave, Gas Water Heater, Gas Range, Free-Standing Refrigerator, Free-Standing Gas Range, Free-Standing Electric Range, Dryer
  • Interior Amenities: Ceiling Fan(s)
  • Basement: Crawl Space, Sump Pump, Exterior Entry
  • Flooring: Ceramic Tile, Laminate
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Wood Burning
  • Fireplaces: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Garden
  • Fencing: None
  • Acres: 0.29
  • Waterfront: No
  • Patio And Porch Features: Deck, Front Porch

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Side By Side, Shared Driveway, On Street, Garage Door Opener, Driveway, Concrete

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Curbs
  • Senior Community: No
  • HOA Rent Includes: None
  • Association: No

Schools

  • Junior High Dist: Crown Point

Lot Info

  • Lot Dimensions: 90 x 140
  • Lot Size Sq Ft: 12632.4
  • Additional Parcels: No
  • Parcel #: 45-15-23-427-025.000-043

Rental Info

  • Tenant Pays: All Utilities, Sewer, Trash Collection, Snow Removal, Gas, Hot Water, Grounds Care, Electricity
  • Owner Pays: None

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2092

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 14400
  • Insurance Expense: 817
  • Total Actual Rent: 14400

MLS Schools

  • HighSchool: Crown Point High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2024
Closed on
Aug 12, 2024
Sold by
Matijevic Mirko
Bought by
Colfaxcl Llc
Seller's Agent
Janet Keric
@properties/Christie's Intl RE
Buyer's Agent
Christine Swisher
BHHS Executive Realty
List Price
$325,000
Sold Price
$341,000
Premium/Discount to List
$16,000
4.92%
Views
2
Current Estimated Value
$332,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,318
Avg. Annual Appreciation
-7.81%

Purchase Details

Closed on
Aug 9, 2007
Sold by
Jenkins Millicent and Estate Of Daisy Chabraja
Bought by
Matijevic Mirko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,300
Interest Rate
6.69%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $341,000 Chicago Title
Personal Reps Deed -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $94,000 New Conventional
Previous Owner $92,300 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $341,000 +4.9% $217 / Sq Ft
06/20/2024 06/20/24 For Sale $325,000 -- $206 / 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 $5,457 $208,500 $34,900 $173,600
2023 $2,092 $196,100 $34,900 $161,200
2022 $2,170 $196,300 $34,900 $161,400
2021 $2,016 $189,600 $23,900 $165,700
2020 $3,896 $176,300 $23,900 $152,400
2019 $3,580 $162,000 $23,900 $138,100
2018 $3,776 $155,800 $23,900 $131,900
2017 $3,802 $151,600 $23,900 $127,700
2016 $3,973 $152,000 $23,900 $128,100
2014 $3,521 $145,200 $23,800 $121,400
2013 $3,644 $145,900 $23,900 $122,000
Source: Public Records

Agents Affiliated with this Home

  • Janet Keric

    Seller's Agent in 2024

    Janet Keric

    @ Properties

    (219) 629-5200

    4 in this area

    78 Total Sales

    Section Image
  • Christine Swisher

    Buyer's Agent in 2024

    Christine Swisher

    BHHS Executive Realty

    (219) 545-1887

    5 in this area

    92 Total Sales

    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 805642

Northwest Indiana Association of REALTORS®

APN: 45-15-23-427-025.000-043

Indiana Lake County Cedar Lake 46303

12986 Colfax St, Cedar Lake, IN

This home is located at 12986 Colfax St, Cedar Lake, IN 46303 and is currently priced at $341,000, approximately $216 per square foot. This property was built in 1977. 12986 Colfax St is a home located in Lake County with nearby schools including Douglas MacArthur Elementary School, Robert Taft Middle School, and Crown Point High School.

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.

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