205 Fairview Ln Schererville, IN 46375
Estimated payment $2,194/month
Highlights
- No HOA
- Neighborhood Views
- Central Heating and Cooling System
- Homan Elementary School Rated A
- Living Room
- 4-minute walk to Peter G Redar Memorial Park
About This Home
Discover the potential of this well-kept tri-level home, ideally positioned on a generous corner lot with an oversized driveway offering access from both Austin and Fairview--perfect for multiple vehicles, guests, or tenants. This property is currently tenant-occupied and producing consistent rental income. Inside, the home offers an inviting layout across three levels. The upper floor includes three nicely sized bedrooms and a full bath, while the lower level provides a spacious rec room and an additional non-conforming room--great as a potential 4th bedroom, office, or hobby space. Also includes an attached garage that adds even more convenience. Conveniently located near local amenities, schools, and commuter routes, this income-generating property offers both flexibility and function. Don't miss your chance to secure a home that works for you--whether you're building equity, cash flow, or both!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,829
Year Built
- Built in 1976
Parking
- 2 Car Garage
Home Design
- Tri-Level Property
Interior Spaces
- Living Room
- Dining Room
- Neighborhood Views
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Additional Features
- 8,960 Sq Ft Lot
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Fairview Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 451115177001000036
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,598 | $292,700 | $46,600 | $246,100 |
| 2023 | $4,829 | $274,900 | $41,900 | $233,000 |
| 2022 | $2,165 | $230,200 | $41,900 | $188,300 |
| 2021 | $2,089 | $226,300 | $41,900 | $184,400 |
| 2020 | $2,031 | $217,000 | $26,500 | $190,500 |
| 2019 | $3,906 | $191,200 | $26,500 | $164,700 |
| 2018 | $1,928 | $191,200 | $26,500 | $164,700 |
| 2017 | $1,861 | $194,100 | $26,500 | $167,600 |
| 2016 | $1,916 | $198,400 | $26,500 | $171,900 |
| 2014 | $1,804 | $197,600 | $26,500 | $171,100 |
| 2013 | $1,798 | $193,100 | $26,500 | $166,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/15/2025 10/15/25 | For Sale | $340,000 | 0.0% | $191 / Sq Ft | |
| 10/03/2025 10/03/25 | Off Market | $340,000 | -- | -- | |
| 09/26/2025 09/26/25 | For Sale | $340,000 | +13.4% | $191 / Sq Ft | |
| 10/28/2022 10/28/22 | Sold | $299,900 | 0.0% | $172 / Sq Ft | View Prior Sale |
| 09/30/2022 09/30/22 | Pending | -- | -- | -- | |
| 09/22/2022 09/22/22 | For Sale | $299,900 | -- | $172 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Fidelity National Title | |
| Warranty Deed | -- | Meridian Title | |
| Warranty Deed | -- | Meridian Title | |
| Deed | -- | -- | |
| Quit Claim Deed | -- | Brian E Less Office Of Brian E | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $236,250 | New Conventional | |
| Previous Owner | $160,000 | New Conventional | |
| Previous Owner | $160,000 | New Conventional | |
| Previous Owner | $257,800 | Construction | |
| Previous Owner | $111,000 | New Conventional |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 828424
APN: 45-11-15-177-001.000-036
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.
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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