NOT LISTED FOR SALE

1331 Inverness Ln Schererville, IN 46375

Estimated Value: $880,748 - $1,082,000

5 Beds
4.5 Baths
5,341 Sq Ft
$182/Sq Ft Est. Value

Last Sold July 15, 2020

Last sale price $800,000 $150 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,565/month

4 Days on Market

Highlights

  • In Ground Pool
  • Fireplace in Primary Bedroom
  • Country Kitchen
  • Protsman Elementary School Rated A
  • Double Oven
  • 3 Car Attached Garage

About This Home

As of July 2020

Amazing 2-Story with all the bells and whistles! Features include: Resort like backyard: with 2-Story Pool house (Kitchen,Bath & Bedroom w/balcony) overlooking beautiful Green Belt area, 50' In-Ground Pool, Hot Tub & Gas Fire Pit all enclosed in Wrought Iron Fencing. The 5 BR 5 BA Main house has a Fully Remodeled Ktichen w/Granite, Sub Zero, 2 Dishwashers plus Large Eating area facing the High Beamed Family Room w/25' Floor to Ceiling River Rock Firepl & B-I Entertainment Center. A Living Room features an Imported Coral Stone Fireplace surrounded by B-I Book cases. The Spacious 25 x 15 Master Bedroom features an additional Firepl, 2 Walk in closets, Fully Remodeled Bath w/Granite, Double sinks, Separate shower & more! A carpeted lower level L Shaped Family Rm is set for entertainment w/another Sub Zero, Dry bar and Entire wall of Cabinetry. 200 Amp Service, 2 Furnaces(1 new/1-9 yrs) and 1250 Sq. Ft of Crawl space. House was remodeled in 2011. Cedar Shake Roof is 12 yrs new, A/C 5 yrs.

Last Agent to Sell the Property

James Oster

@properties/Christie's Intl RE License #RB14036934 Listed on: 05/18/2020

@properties/Christie's Intl RE

Last Buyer's Agent

Marc Roy

McColly Real Estate License #RB14039391

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,896

Year Built

  • Built in 1990

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100 x 200
  • Fenced
  • Landscaped

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Brick Foundation

Interior Spaces

  • 2-Story Property
  • Dry Bar
  • Recreation Room with Fireplace
  • 3 Fireplaces
  • Home Security System
  • Laundry on main level
  • Basement

Kitchen

  • Country Kitchen
  • Double Oven
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom

Outdoor Features

  • In Ground Pool
  • Patio

Schools

  • Protsman Elementary School
  • Lake Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Property has a Home Owners Association
  • Briar Ridge Poa, Phone Number (219) 322-2534
  • Briar Ridge Country Club Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 451105176003000036

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,896

Year Built

Built in 1990

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1990
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Main Level
  • ResoLotFeatures: Landscaped, Level, Paved, Sprinklers In Front, Sprinklers In Rear
  • ResoPoolFeatures: In Ground
  • Road Surface Type: Paved
  • ResoOtherEquipment: Air Purifier, Other
  • ResoSecurityFeatures: Security System
  • Co List Office Mls Id: NRA2041
  • Subdivision Name: Briar Ridge Country Club Add
  • Above Grade Finished Sq Ft: 4054
  • Garage Yn: Yes
  • Unit Levels: Two
  • Reso Other Structures: Pool House
  • Property Attached Yn: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Gas Range, Dishwasher, Disposal, Double Oven, Exhaust Fan, Freezer, Microwave, Range Hood, Refrigerator
  • Interior Amenities: Cathedral Ceiling(s), Cedar Closet(s), Country Kitchen, Dry Bar, Primary Downstairs, Vaulted Ceiling(s)
  • Basement: Crawl Space, Interior Entry, Sump Pump
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1287
  • Fireplace Features: Primary Bedroom, Recreation Room
  • Fireplaces: 3
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: Lighting
  • Fencing: Fenced
  • Acres: 0.459
  • Construction Type: Brick, Cedar, Shake Siding
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Attached, Garage Door Opener

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Cooling: Central Air
  • Heating: Forced Air, Humidity Control, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: Briar Ridge POA
  • Phone: 219.322.2534
  • Association: Yes

Schools

  • Junior High Dist: Lake Central

Lot Info

  • Lot Dimensions: 100 x 200
  • Lot Size Sq Ft: 19994
  • Parcel #: 451105176003000036

Tax Info

  • Year: 2019
  • Tax Annual Amount: 5896

MLS Schools

  • HighSchool: Lake Central High School
  • Elementary School: Protsman Elementary School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2020
Closed on
Jul 8, 2020
Sold by
Pellar Russell W and Pellar Ann M
Bought by
Stevenson Robert M and Stevenson Allison M
Seller's Agent
James Oster
@properties/Christie's Intl RE
Buyer's Agent
Marc Roy
McColly Real Estate
List Price
$800,000
Sold Price
$800,000
Current Estimated Value
$970,249

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,249
Avg. Annual Appreciation
3.77%
Original Mortgage
$200,000
Outstanding Balance
$141,621
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$828,628
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 Buyer Sale Price Title Company
Stevenson Robert M -- Meridian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stevenson Robert M $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2020 07/15/20 Sold $800,000 0.0% $150 / Sq Ft
05/22/2020 05/22/20 Pending -- -- --
05/18/2020 05/18/20 For Sale $800,000 -- $150 / 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 $17,049 $865,500 $140,000 $725,500
2023 $8,795 $837,200 $140,000 $697,200
2022 $9,798 $828,400 $140,000 $688,400
2021 $8,903 $773,100 $140,000 $633,100
2020 $5,802 $514,700 $140,000 $374,700
2019 $5,896 $479,900 $135,400 $344,500
2018 $5,984 $480,500 $135,400 $345,100
2017 $5,694 $487,500 $135,400 $352,100
2016 $5,856 $499,800 $135,400 $364,400
2014 $5,861 $516,700 $135,400 $381,300
2013 $6,013 $518,000 $135,400 $382,600
Source: Public Records

Agents Affiliated with this Home

  • James Oster

    Seller's Agent in 2020

    James Oster

    @ Properties

    (219) 440-0070

    1 in this area

    39 Total Sales

    James Oster
    Section Image
  • Marc Roy

    Buyer's Agent in 2020

    Marc Roy

    McColly Real Estate

    (219) 688-8258

    6 in this area

    52 Total Sales

    Marc Roy
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 474632

Northwest Indiana Association of REALTORS®

APN: 45-11-05-176-003.000-036

Indiana Lake County Schererville 46375

1331 Inverness Ln, Schererville, IN

This home is located at 1331 Inverness Ln, Schererville, IN 46375 since 18 May 2020 and is currently estimated at $970,249, approximately $181 per square foot. This property was built in 1990. 1331 Inverness Ln is a home located in Lake County with nearby schools including Protsman Elementary School, Kahler Middle School, and Lake Central 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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