NOT LISTED FOR SALE

2012 Lake Ave Whiting, IN 46394

Estimated Value: $288,000 - $375,000

8 Beds
3.5 Baths
4,063 Sq Ft
$83/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $300,000 $74 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,191/month

62 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Hot Water Heating System
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Fenced

About This Home

As of March 2022

This Property has a Main 3 bedroom house with 1 1/2 bath a finished basement with heated floors, 2 fireplaces one in the living room and another one in the basement. Updated bathroom and kitchen has custom cabinets and granite counter tops. The second floor has a 2 bedroom apartment for related living. Coach House has a 2 car garage with storage area and a 3 bedroom apartment currently rented. New Furnace was installed 12/27/2021 in main level front House.

Last Agent to Sell the Property

Alicia Velazquez

American Home Realty, Inc. License #RB14026967 Listed on: 11/17/2021

Last Buyer's Agent

John Novelli

McColly Real Estate License #RB14039983

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,106

Year Built

  • Built in 1950

Lot Details

  • 5,440 Sq Ft Lot
  • Lot Dimensions are 40x136
  • Fenced

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Foundation

Interior Spaces

  • 4,063 Sq Ft Home
  • Elevator
  • Fireplace
  • Basement

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • No Cooling
  • Forced Air Heating System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System

Listing and Financial Details

  • Total Actual Rent $7,800
  • Tenant pays for electricity, gas
  • The owner pays for electricity, gas, sewer, water
  • Rent includes water
  • Assessor Parcel Number 450307156018000023

Community Details

Overview

  • 2 Units
  • Smith & Baders 2Nd West Park Ad Subdivision

Building Details

  • Water Sewer Expense $792
  • New Taxes Expense $3,951
  • Net Operating Income $7,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,106

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1950
  • Co List Office Mls Id: NRA699
  • Subdivision Name: Smith & Baders 2nd West Park Ad
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, None, Range, Refrigerator, Washer
  • Interior Amenities: Elevator
  • Basement: Full
  • Flooring: Ceramic Tile, Hardwood, Other, Tile
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Fencing: Fenced
  • Acres: 0.1249
  • Construction Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Cooling: None
  • Heating: Forced Air, Hot Water, Natural Gas, Radiant
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Other, Water

Lot Info

  • Lot Dimensions: 40X136
  • Lot Size Sq Ft: 5440
  • Parcel #: 450307156018000023

Rental Info

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

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 7800

Tax Info

  • New Taxes Expense: 3951

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2021
Closed on
Mar 23, 2022
Sold by
Pablo Velazquez Juan
Bought by
Coulter Michael and Coulter Utoria Y
Seller's Agent
Alicia Velazquez
American Home Realty, Inc.
Buyer's Agent
John Novelli
McColly Real Estate
List Price
$300,000
Sold Price
$300,000
Current Estimated Value
$337,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,290
Avg. Annual Appreciation
2.94%
Original Mortgage
$294,566
Outstanding Balance
$279,246
Interest Rate
4.16%
Mortgage Type
FHA
Estimated Equity
$50,823

Purchase Details

Listed on
Nov 17, 2021
Closed on
Mar 18, 2022
Sold by
Pablo Velazquez Juan
Bought by
Coulter Michael and Coulter Utoria Y
Seller's Agent
Alicia Velazquez
American Home Realty, Inc.
Buyer's Agent
John Novelli
McColly Real Estate
List Price
$300,000
Sold Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,566
Outstanding Balance
$279,246
Interest Rate
4.16%
Mortgage Type
FHA
Estimated Equity
$50,823

Purchase Details

Listed on
Nov 17, 2021
Closed on
Mar 17, 2022
Sold by
Salvador Velazquez
Bought by
Velazquez Juan Pablo
Seller's Agent
Alicia Velazquez
American Home Realty, Inc.
Buyer's Agent
John Novelli
McColly Real Estate
List Price
$300,000
Sold Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,566
Outstanding Balance
$279,246
Interest Rate
4.16%
Mortgage Type
FHA
Estimated Equity
$50,823
Source: Public Records

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Range of Values:

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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
Coulter Michael -- Drake Andrew R
Velazquez Juan Pablo -- Drake Andrew R
Coulter Michael -- Drake Andrew R
Velazquez Juan Pablo -- Drake Andrew R
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velazquez Juan Pablo $294,566
Closed Coulter Michael $294,566
Closed Velazquez Juan Pablo $294,566
Previous Owner Velaquez Salvador $149,000
Previous Owner Velazquez Salvador $166,400
Previous Owner Velazquez Salvador $40,000
Previous Owner Velazquez Salvador $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $300,000 0.0% $74 / Sq Ft
02/16/2022 02/16/22 Pending -- -- --
11/17/2021 11/17/21 For Sale $300,000 -- $74 / 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 $13,106 $354,000 $34,700 $319,300
2023 $3,968 $274,200 $34,200 $240,000
2022 $3,968 $226,700 $34,200 $192,500
2021 $3,770 $211,400 $23,100 $188,300
2020 $3,858 $213,700 $23,100 $190,600
2019 $3,440 $186,900 $23,100 $163,800
2018 $3,572 $179,400 $23,100 $156,300
2017 $3,986 $177,000 $23,100 $153,900
2016 $3,351 $171,100 $23,100 $148,000
2014 $3,454 $175,000 $23,100 $151,900
2013 $2,801 $153,000 $23,100 $129,900
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Alicia Velazquez

    American Home Realty, Inc.

    (219) 808-7119

    1 in this area

    22 Total Sales

    Alicia Velazquez
    Section Image

  • J

    Buyer's Agent in 2022

    John Novelli

    McColly Real Estate

  • Wendy Embry

    Buyer Co-Listing Agent in 2022

    Wendy Embry

    McColly Real Estate

    (219) 776-0408

    1 in this area

    137 Total Sales

    Wendy Embry
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 504419

Northwest Indiana Association of REALTORS®

APN: 45-03-07-156-018.000-023

Indiana Lake County Whiting 46394

2012 Lake Ave, Whiting, IN

This home is located at 2012 Lake Ave, Whiting, IN 46394 since 17 November 2021 and is currently estimated at $337,290, approximately $83 per square foot. This property was built in 1950. 2012 Lake Ave is a home located in Lake County with nearby schools including Benjamin Franklin Elementary School, Eggers Middle School, and Hammond 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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