NOT LISTED FOR SALE

1463 N 500 E Michigan City, IN 46360

Porter County Neighborhood

Estimated Value: $616,000 - $789,000

20 Acres
$37,404 Price per Acre
858,132 Sq Ft Lot

Last Sold June 22, 2022

Last sale price $232,000

Est. 190% increase in value since last sale

Current estimated payment $3,975/month

11 Days on Market

Highlights

  • 19.7 Acre Lot
  • Wooded Lot
  • Level Lot

About This Lot

As of June 2022

Location, soil tested and boundary survey ready. 19 plus beautiful acres and ready for your dream home or two. Paved road access off 500 E mostly open field but tree lined boundary line with walnut and oak trees. All permits and hook ups required.

Last Agent to Sell the Property

Patty Raffin

McColly Real Estate License #RB14038965 Listed on: 05/12/2022

McColly Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $353

Lot Details

  • 19.7 Acre Lot
  • Level Lot
  • Wooded Lot

Listing and Financial Details

  • Assessor Parcel Number 640423100008000009

Property Details

Property Type

Land

Est. Annual Taxes

$353

Lot Details

0

Listing Details

  • Property Type: Land
  • Current Use: Farm
  • Reso Property Sub Type: Vacant Land/Acreage
  • ResoLotFeatures: Acreage, Nearly Level, Tilable, Wooded
  • Road Frontage Type: County Road, Paved Road
  • Co List Office Mls Id: GNR266
  • Subdivision Name: No
  • Reso Other Structures: None
  • GNR_Auction: No
  • GNR_RealEstateOwnedYN: false
  • GNR_ShortSaleYN: false
  • GNR_PermitsNeeded: All Permits,Building,Driveway,Well & Septic
  • GNR_ModularAllowed: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Farm, Recreational, Residential

Exterior Features

  • Acres: 19.7

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 858132
  • ResoLotSizeUnits: Acres
  • Parcel #: 640423100008000009
  • Zoning Description: RESI
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 353

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2019
Sold by
Foldenauer Richard V
Bought by
Coultas Sean M and Coultas Thu Li
Current Estimated Value
$672,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2017
Sold by
Lois Mcdonald
Bought by
Coultas Sean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,775
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 24, 2010
Sold by
Eason Mary Jeanette and Eason Mary J Mcdonald
Bought by
Mcdonald Lois

Purchase Details

Closed on
Sep 7, 2010
Sold by
Mcdonald Anna Lee
Bought by
The Anne Lee Mcdonald Revocable Living T
Source: Public Records

Range of Values:

Collateral Analytics

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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 Buyer Sale Price Title Company
Coultas Sean M -- Mtc
Coultas Sean M $124,300 --
Coultas Sean M $124,250 Indiana Title Network
Mcdonald Lois -- None Available
The Anne Lee Mcdonald Revocable Living T -- Chicago Title Insurance Co
The Mary Jeanette Eason Revocable Living -- Chicago Title Insurance Co
The Howard R Mcdonald & Lois M Mcdonald -- Chicago Title Insurance Co
The Howard R Mcdonald & Lois R Mcdonald -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coultas Sean M $172,485
Closed Coultas Sean M $55,000
Open Coultas Sean M $404,000
Closed Coultas Sean M $108,483
Previous Owner Coultas Sean M $119,000
Previous Owner Coultas Sean M $117,775
Previous Owner Mcdonald Lois $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2022 06/22/22 Sold $232,000 0.0% --
05/23/2022 05/23/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $232,000 -46.0% --
01/22/2014 01/22/14 Sold $430,000 0.0% --
12/23/2013 12/23/13 Pending -- -- --
10/22/2013 10/22/13 For Sale $430,000 -- --
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 $3,522 $639,500 $46,600 $592,900
2023 $1,925 $275,700 $41,200 $234,500
2022 $1,196 $168,300 $38,400 $129,900
2021 $1,429 $164,200 $36,900 $127,300
2020 $1,304 $145,800 $33,400 $112,400
2019 $1,020 $124,600 $35,300 $89,300
2018 $859 $111,400 $35,700 $75,700
2017 $870 $116,400 $37,300 $79,100
2016 $847 $117,800 $39,400 $78,400
2014 $855 $116,000 $39,200 $76,800
2013 -- $114,100 $38,500 $75,600
Source: Public Records

Agents Affiliated with this Home

  • Patty Raffin

    Seller's Agent in 2022

    Patty Raffin

    McColly Real Estate

    (219) 840-3636

    18 in this area

    86 Total Sales

    Section Image
  • Nick Sommer

    Seller's Agent in 2014

    Nick Sommer

    Century 21 Alliance Group

    (219) 531-7548

    15 in this area

    62 Total Sales

    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR512214

Northwest Indiana Association of REALTORS®

APN: 64-04-23-100-002.000-009

Indiana Porter County Michigan City 46360 Porter County

1463 N 500 E, Michigan City, IN

This home is located at 1463 N 500 E, Michigan City, IN 46360 since 12 May 2022 and is currently estimated at $736,850. 1463 N 500 E is a home located in Porter County with nearby schools including Pine Elementary School, Barker Middle School, and Michigan City 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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