NOT LISTED FOR SALE

Estimated Value: $230,000 - $294,000

3 Beds
2 Baths
1,450 Sq Ft
$184/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $110,000 $76 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $1,681/month

36 Days on Market

Highlights

  • 1 Acre Lot
  • Deck
  • Ranch Style House
  • Lowell Senior High School Rated 9+
  • Wooded Lot
  • No HOA

About This Home

As of September 2023

If there ever was a poster child for fixer uppers this one is it! Not for the faint of heart, but certainly a prime opportunity for a seasoned & savvy investor who has the skills & experience. Initial estimates on ARV conservatively are around 285k but could be substantially more (or less) w/how the improvements/quality are completed. All inspections should be completed before the offer is made as the property will not be removed f/market with any subject to stipulations except clear title. CASH ONLY. Financing won't be considered. EVERYTHING NEEDS REPLACED IN & OUT, was occupied, but after owner went into assisted living, a pipe froze and water ran through the home. Estate sale SOLD AS IT SETS. allow 3 weeks for closing & court signature. 2 garages. Attached has a single OH door but is a 2car size + oversized rear. Loads of room for expansion or pole barn on this 1acre. The condition is atrocious - long pants and a mask are suggested. Priced to clear note, expenses & net zero.

Last Agent to Sell the Property

John Schupp

SCHUPP Real Estate Brokerage Phone: 219-696-3596 License #RB14033846 Listed on: 07/28/2023

Last Buyer's Agent

Caitlin Hoekstra

Haven Realty License #RB22001555

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,463

Year Built

  • Built in 1957

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 200 x 290
  • Paved or Partially Paved Lot
  • Wooded Lot

Parking

  • 3 Car Garage

Home Design

  • Ranch Style House
  • Fixer Upper
  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • 1,450 Sq Ft Home
  • Sump Pump

Kitchen

  • Portable Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Deck
  • Storage Shed

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Propane
  • No Utilities
  • Well
  • Septic System

Community Details

  • No Home Owners Association
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 451932227004000037

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,463

Year Built

Built in 1957

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1957
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Acreage, Paved Road, Wooded
  • ResoOtherEquipment: Sump Pump
  • Co List Office Mls Id: GNR1120
  • Subdivision Name: NONE
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Stone,Vinyl
  • GNR_UnfinishedSquareFootage: 0
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: Yes
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: No
  • GNR_Well: Yes
  • GNR_TotalBathrooms: 1.75
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_RealEstateOwnedYN: false
  • GNR_SewerYN: false
  • GNR_ShortSaleYN: false
  • GNR_MiscFeatures: Fixer Upper
  • Attribution Contact: 219-696-3596
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Portable Gas Range, Refrigerator
  • Interior Amenities: Finished Laundry Rm, Main Floor Bathroom, Main Floor Bedroom, Main Floor Laundry
  • Basement YN: No
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Deck, Storage Shed
  • Acres: 1

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Attached, Detached

Utilities

  • Utilities: Off
  • Cooling Y N: Yes
  • Heating: Propane

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 200 X 290
  • Lot Size Sq Ft: 43560
  • ResoLotSizeUnits: Acres
  • Parcel #: 451932227004000037
  • ResoLotSizeUnits: Acres

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1463

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2024
Sold by
Abs Rehab Llc
Bought by
Medrano Gustavo
Current Estimated Value
$266,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,475
Outstanding Balance
$295,898
Interest Rate
6.99%
Mortgage Type
FHA
Estimated Equity
-$29,446

Purchase Details

Closed on
Jul 11, 2024
Sold by
Abs Rehab Llc
Bought by
Medrano Gustavo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,475
Outstanding Balance
$295,898
Interest Rate
6.99%
Mortgage Type
FHA
Estimated Equity
-$29,446

Purchase Details

Closed on
Aug 27, 2010
Sold by
Turner James P and Turner Mary Lou
Bought by
Dorsett Bernard B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,250
Interest Rate
4.54%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Medrano Gustavo -- Meridian Title
Medrano Gustavo $305,000 Meridian Title
Dorsett Bernard B -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medrano Gustavo $299,475
Closed Medrano Gustavo $299,475
Previous Owner Dorsett Bernard B $147,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2023 09/15/23 Sold $110,000 -11.9% $76 / Sq Ft
09/02/2023 09/02/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $124,900 -- $86 / 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 $3,280 $189,000 $46,100 $142,900
2023 $1,345 $174,100 $31,500 $142,600
2022 $1,345 $171,200 $31,500 $139,700
2021 $1,177 $159,200 $30,700 $128,500
2020 $1,045 $150,200 $30,700 $119,500
2019 $1,106 $148,100 $30,700 $117,400
2018 $1,084 $146,100 $30,700 $115,400
2017 $1,044 $135,900 $23,000 $112,900
2016 $902 $125,800 $23,000 $102,800
2014 $821 $122,300 $23,000 $99,300
2013 $864 $122,700 $23,000 $99,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR534124

Northwest Indiana Association of REALTORS®

APN: 45-19-32-227-004.000-037