C
Seller's Agent in 2018
Christopher Deutscher
Christopher Michael Properties
141 E Barker Ave Michigan City, IN 46360
Estimated Value: $174,000 - $231,000
6
Beds
3
Baths
3,168
Sq Ft
$65/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Forced Air Heating System
- 3-minute walk to Creek Ridge County Park
- 4 Car Detached Garage
- Laundry Facilities
About This Home
As of February 2018Large Three Unit Cash Flowing Investment located in Michigan City. This property features three 2 bedroom, 1 bathroom units. The ground floor and first floor units have been remodeled (ground in 2016, first floor in 2017). The second floor has a tenant in place with a 12 month lease. The building has separately metered gas and electric, but shared furnace. The tenants reimburse the landlord for gas and electric. The common area on the ground level has a washer and drier. There is 4 off street parking spots. The roof, soffit and gutters are 3 years old. The Ground Floor was rented for $650 a month including gas, electric, and water. The tenant recently moved out and the landlord decided to show the property without a tenant in place. The First Floor was just remodeled after a long term tenant left in the spring. Prior to the remodel the unit was leased for $550 a month and the tenant paid their share of gas and electric. Second Floor has a long term tenant in place.
Last Agent to Sell the Property
Christopher Deutscher
Christopher Michael Properties License #RB14037100 Listed on: 08/14/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,982
Year Built
- Built in 1894
Lot Details
- 5,390 Sq Ft Lot
- Lot Dimensions are 55 x 98
Parking
- 4 Car Detached Garage
Interior Spaces
- 3,168 Sq Ft Home
- Elevator
- Basement
Flooring
- Wood
- Carpet
- Linoleum
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $20,460
- Tenant pays for electricity, gas
- The owner pays for electricity, gas, sewer, water
- Rent includes water
- Assessor Parcel Number 460133151003000022
Community Details
Overview
- 3 Units
- Sanborns Add Subdivision
Amenities
- Laundry Facilities
Building Details
- Insurance Expense $800
- Water Sewer Expense $402
- New Taxes Expense $1,736
- Net Operating Income $14,795
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 14, 2017
Closed on
Feb 5, 2018
Sold by
141 East Barker Ave Llc
Bought by
Coleman Sandra A
Seller's Agent
Christopher Deutscher
Christopher Michael Properties
Buyer's Agent
Margaret Hite
McColly Real Estate
List Price
$91,500
Sold Price
$91,500
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
$113,604
Avg. Annual Appreciation
11.11%
Original Mortgage
$68,600
Outstanding Balance
$58,098
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$147,006
Purchase Details
Listed on
May 20, 2014
Closed on
Dec 13, 2014
Sold by
Crawford Judy
Bought by
141 East Barker Ave Llc
Seller's Agent
Susan Hultgren
Century 21 Circle
List Price
$49,000
Sold Price
$49,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.93%
Purchase Details
Listed on
May 20, 2014
Closed on
Dec 12, 2014
Sold by
Matzke Steven C and Matzke Steven
Bought by
141 East Barker Ave Llc
Seller's Agent
Susan Hultgren
Century 21 Circle
List Price
$49,000
Sold Price
$49,000
Purchase Details
Closed on
Nov 2, 2009
Sold by
Matzke Steven
Bought by
Matzke Steven and Crawford Judy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,750
Interest Rate
4.96%
Mortgage Type
New Conventional
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Coleman Sandra A | -- | None Available | |
| 141 East Barker Ave Llc | -- | None Available | |
| 141 East Barker Ave Llc | -- | None Available | |
| Matzke Steven | -- | Ticor Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Coleman Sandra A | $68,600 | |
| Previous Owner | Matzke Steven | $33,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/06/2018 02/06/18 | Sold | $91,500 | 0.0% | $29 / Sq Ft |
| 01/07/2018 01/07/18 | Pending | -- | -- | -- |
| 08/14/2017 08/14/17 | For Sale | $91,500 | +86.7% | $29 / Sq Ft |
| 12/16/2014 12/16/14 | Sold | $49,000 | 0.0% | $23 / Sq Ft |
| 11/16/2014 11/16/14 | Pending | -- | -- | -- |
| 05/20/2014 05/20/14 | For Sale | $49,000 | -- | $23 / 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 | $2,982 | $137,600 | $12,200 | $125,400 |
| 2023 | $2,766 | $138,300 | $12,900 | $125,400 |
| 2022 | $1,826 | $118,200 | $10,700 | $107,500 |
| 2021 | $1,826 | $91,300 | $11,700 | $79,600 |
| 2020 | $2,008 | $91,300 | $11,700 | $79,600 |
| 2019 | $1,828 | $84,200 | $11,200 | $73,000 |
| 2018 | $1,408 | $89,100 | $8,700 | $80,400 |
| 2017 | $1,824 | $84,000 | $8,700 | $75,300 |
| 2016 | $1,880 | $86,800 | $8,700 | $78,100 |
| 2014 | $1,728 | $86,400 | $8,700 | $77,700 |
Source: Public Records
Agents Affiliated with this Home
-
-
Margaret Hite
Buyer's Agent in 2018
Margaret Hite
McColly Real Estate
(219) 928-6441
20 Total Sales
-
S
Seller's Agent in 2014
Susan Hultgren
Century 21 Circle
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 420598
APN: 46-01-33-151-003.000-022
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