NOT LISTED FOR SALE

1431 Brown Ave Whiting, IN 46394

Estimated Value: $393,000 - $464,000

8 Beds
4 Baths
4,586 Sq Ft
$92/Sq Ft Est. Value

Last Sold January 14, 2022

Last sale price $352,000 $77 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,648/month

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Attached Garage

About This Home

As of January 2022

Rare opportunity to purchase a single living residential with 2 apartments that are permitted through the town as rentals. All 3 units have been remodeled and are all in beautiful, move-in ready condition. Appliances are included with all 3 and most have never been used. The main house features refinished hardwood floors, stainless steel appliances and 3 bedrooms and 2 bathrooms with an unfinished basement. Directly behind the main unit sits a 3 car garage with an upper and lower apartment. The lower unit is a 2 bedroom, 1 bath and the upper unit is approximately 2,000 square feet and features 3 bedrooms and 1 bathroom. All 3 units have their own heat and utilities. The property is completely vacant and with it's close proximity to Illinois and the Casino, it's sure to go fast!

Last Agent to Sell the Property

Daniel Ward

Listing Leaders License #RB18000357 Listed on: 11/26/2021

Co-Listed By

Nicole Ward

Listing Leaders License #RB21002389

Last Buyer's Agent

Farris Gosea

Ellsbury Commercial Group LLC License #RB20000951

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,117

Year Built

  • Built in 1943

Lot Details

  • 1,394 Sq Ft Lot
  • Lot Dimensions are 59x120

Parking

  • Attached Garage

Interior Spaces

  • 4,586 Sq Ft Home
  • Elevator
  • Dishwasher
  • Basement

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • No Cooling
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, water
  • Assessor Parcel Number 450201430026000023

Community Details

Overview

  • 3 Units
  • Park View Add Subdivision

Amenities

  • Laundry Facilities

Building Details

  • New Taxes Expense $5,458
  • Net Operating Income $5,458

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,117

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1943
  • Reso Property Sub Type: Triplex
  • ResoLaundryFeatures: Common Area
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRAgenericoffice
  • Co List Office Mls Id: NRA2182
  • Subdivision Name: Park View Add
  • Garage Yn: Yes
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range, Refrigerator
  • Interior Amenities: Elevator
  • Basement: Full
  • Flooring: Carpet, Ceramic Tile, Hardwood, Luxury Vinyl
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.032
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Attached

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Cooling: Central Air, None
  • Heating: Baseboard, Electric, Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: None

Lot Info

  • Lot Dimensions: 59x120
  • Lot Size Sq Ft: 1394
  • Parcel #: 450201430026000023

Rental Info

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

Multi Family

  • Number Of Units Total: 3

Tax Info

  • New Taxes Expense: 5458

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2021
Closed on
Jan 19, 2022
Sold by
Andrew Anderson
Bought by
Bozeman Family Trust
Seller's Agent
Daniel Ward
Listing Leaders
Buyer's Agent
Farris Gosea
Ellsbury Commercial Group LLC
List Price
$352,000
Sold Price
$352,000
Current Estimated Value
$420,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,273
Avg. Annual Appreciation
3.48%
Original Mortgage
$316,800
Outstanding Balance
$295,889
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$103,798

Purchase Details

Listed on
Nov 26, 2021
Closed on
Jan 14, 2022
Sold by
Andrew Anderson
Bought by
Bozeman Family Trust
Seller's Agent
Daniel Ward
Listing Leaders
Buyer's Agent
Farris Gosea
Ellsbury Commercial Group LLC
List Price
$352,000
Sold Price
$352,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,800
Outstanding Balance
$295,889
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$103,798

Purchase Details

Listed on
Jan 25, 2021
Closed on
Mar 10, 2021
Sold by
Indiana Land Trust Company
Bought by
Anderson Andrew
Seller's Agent
Joseph Young
Listing Leaders
List Price
$310,000
Sold Price
$310,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.12%
Original Mortgage
$304,385
Interest Rate
2.7%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Bozeman Family Trust -- Chicago Title
Bozeman Family Trust -- Chicago Title
Anderson Andrew $310,000 Chicago Title Co Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bozeman Family Trust $316,800
Closed Bozeman Family Trust $316,800
Previous Owner Anderson Andrew $304,385
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2022 01/14/22 Sold $352,000 0.0% $77 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
11/26/2021 11/26/21 For Sale $352,000 +13.5% $77 / Sq Ft
03/10/2021 03/10/21 Sold $310,000 0.0% $68 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $310,000 -- $68 / 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 $16,117 $365,000 $39,600 $325,400
2023 $8,715 $337,200 $40,700 $296,500
2022 $8,715 $325,200 $40,700 $284,500
2021 $5,686 $293,300 $20,500 $272,800
2020 $5,458 $262,300 $20,500 $241,800
2019 $4,798 $222,400 $20,500 $201,900
2018 $4,786 $204,600 $20,500 $184,100
2017 $5,178 $195,600 $20,500 $175,100
2016 $3,692 $189,500 $20,500 $169,000
2014 $3,416 $179,600 $20,400 $159,200
2013 $2,451 $151,600 $20,400 $131,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 504688

Northwest Indiana Association of REALTORS®

APN: 45-02-01-430-026.000-023