$131,000
SOLD JAN 29, 2016

12988 Colfax St Cedar Lake, IN 46303

2 Beds
1 Bath
1,600 Sq Ft
0.32 Acres

Recently Sold

$82 Per Sq Ft

63 Days on Market

Highlights

  • 1 Car Detached Garage
  • Forced Air Heating System
  • Carpet
  • Douglas MacArthur Elementary School Rated A
  • Fenced

About This Home

As of October 2018

LEMON LAKE ESTATES duplex 800 SQ FT EACH SIDE, TENANTS PAY UTILITIES, EXCELLENT MOVE IN CONDITION. ONE UNIT HAS A GARAGE AND A FENCED YARD. GREAT PROPERTY TO GET STARTED IN THE RENTAL BUSINESS.

Last Agent to Sell the Property

Don Ready

Benchmark Realty, Inc. License #RB14013741 Listed on: 11/27/2015

Last Buyer's Agent

Christine Hall

Realty Executives Premier License #RB14038715

Realty Executives Premier

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,315

Year Built

  • Built in 1977

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 100 x 140
  • Fenced

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Interior Spaces

  • 1,600 Sq Ft Home
  • Elevator
  • Laundry in unit

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well

Listing and Financial Details

  • Total Actual Rent $17,400
  • Tenant pays for electricity, gas, water
  • The owner pays for sewer
  • Rent includes trash collection, water
  • Assessor Parcel Number 451523427026000043

Community Details

Overview

  • 2 Units
  • Lemon Lake Estates Subdivision

Building Details

  • Insurance Expense $1,000
  • Trash Expense $500
  • New Taxes Expense $3,521
  • Net Operating Income $17,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,315

Year Built

Built in 1977

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Year Built: 1977
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: In Unit, Other
  • Road Surface Type: Asphalt
  • Water Body Name: Cedar Lake
  • Co List Office Mls Id: NRA1608
  • Subdivision Name: Lemon Lake Estates
  • Garage Yn: Yes
  • WaterExpense: 0.00
  • SewerExpense: 600.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Elevator
  • Basement: Crawl Space
  • Flooring: Carpet, Linoleum
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Fencing: Fenced
  • Acres: 0.3214
  • Construction Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached, Off Street

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available
  • Cooling: Individual Units, Unit Control, Wall/Window Unit(s)
  • Heating: Forced Air, Individual Unit, Natural Gas, Unit Control
  • Water Source: Well

Condo/Co-op/Association

  • HOA Rent Includes: Trash Collection, Water

Fee Information

  • Trash Expense: 500

Schools

  • Junior High Dist: Crown Point

Lot Info

  • Lot Dimensions: 100 X 140
  • Lot Size Sq Ft: 14000
  • Parcel #: 451523427026000043

Rental Info

  • Tenant Pays: Electricity, Gas, Water
  • Owner Pays: Sewer
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Total Actual Rent: 17400

Tax Info

  • New Taxes Expense: 3521

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2024
Sold by
Laud James M
Bought by
James M Laud Jr Living Trust and Laud
Current Estimated Value
$239,173

Purchase Details

Listed on
Apr 9, 2018
Closed on
Oct 17, 2018
Sold by
Taylor John R
Bought by
Laud James M
Seller's Agent
Heather Dessauer
Anton Agency
List Price
$152,000
Sold Price
$152,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%
Original Mortgage
$149,216
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 27, 2015
Closed on
Jan 27, 2016
Sold by
Wells Steven W and Wells Nancy A
Bought by
Taylor John R
Seller's Agent
Don Ready
Benchmark Realty, Inc.
Buyer's Agent
Christine Hall
Realty Executives Premier
List Price
$131,000
Sold Price
$131,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.62%
Original Mortgage
$98,250
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2007
Sold by
Wells Steven W and Wells Nancy A
Bought by
Wells Steven W and Wells Nancy A
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 Type Sale Price Title Company
Deed -- None Listed On Document
Warranty Deed -- Heartland Title Services Inc
Trustee Deed -- Meridian Title Corp
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $149,216 FHA
Previous Owner $98,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2018 10/17/18 Sold $152,000 0.0% $95 / Sq Ft
09/17/2018 09/17/18 Pending -- -- --
04/09/2018 04/09/18 For Sale $152,000 +16.0% $95 / Sq Ft
01/29/2016 01/29/16 Sold $131,000 0.0% $82 / Sq Ft
12/30/2015 12/30/15 Pending -- -- --
11/27/2015 11/27/15 For Sale $131,000 -- $82 / 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 $5,315 $202,500 $34,900 $167,600
2023 $2,904 $191,000 $34,900 $156,100
2022 $2,904 $191,700 $34,900 $156,800
2021 $2,473 $184,900 $23,900 $161,000
2020 $2,366 $173,100 $23,900 $149,200
2019 $2,200 $159,700 $23,900 $135,800
2018 $2,172 $153,900 $23,900 $130,000
2017 $3,770 $150,300 $23,900 $126,400
2016 $3,950 $151,100 $23,900 $127,200
2014 $3,521 $145,200 $23,900 $121,300
2013 $3,624 $145,100 $23,900 $121,200
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2018

    Heather Dessauer

    Anton Agency

    (219) 776-7097

    7 in this area

    26 Total Sales

    Heather Dessauer
    Section Image

  • D

    Seller's Agent in 2016

    Don Ready

    Benchmark Realty, Inc.

    Section Image
  • Christine Hall

    Buyer's Agent in 2016

    Christine Hall

    Realty Executives

    (219) 677-6540

    5 in this area

    140 Total Sales

    Christine Hall
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 384566

Northwest Indiana Association of REALTORS®

APN: 45-15-23-427-026.000-043

Indiana Lake County Cedar Lake 46303

12988 Colfax St, Cedar Lake, IN

This home is located at 12988 Colfax St, Cedar Lake, IN 46303 and is currently priced at $131,000, approximately $81 per square foot. This property was built in 1977. 12988 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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