NOT LISTED FOR SALE

227 W 8th St Michigan City, IN 46360

Estimated Value: $209,000 - $253,000

4 Beds
2 Baths
2,572 Sq Ft
$88/Sq Ft Est. Value

Last Sold April 04, 2013

Last sale price $79,000 $31 Per Sq Ft

Est. 186% increase in value since last sale

Current estimated payment $1,433/month

100 Days on Market

Highlights

  • Attached Garage
  • Forced Air Heating and Cooling System
  • Hot Water Heating System

About This Home

As of April 2013

Well maintained brick 2 flat conveniently located in the heart of Michigan City, across the street from Lighthouse Mall and about 1/2 mile to Lake Michigan Beach & 1 block to farmers market in summer. Each unit has 2 bedrooms and 1 bath with separate water heaters, furnaces and electric meters. Seller pays water & sanitation. Upstairs unit has gas forced air heat & AC. Main floor has hot water heat & no central AC. Main floor tenants have access to 2 car garage. There is a handicap ramp available to the large concrete porch for access to main floor. Both units are currently rented for immediate investment income. Units are both in good condition. Even better deal-live in one unit and rent out the other to make house payment!

Last Agent to Sell the Property

Jane Cooley

Weichert Realtors, Merrion Gro License #RB14015563 Listed on: 10/31/2012

Weichert Realtors, Merrion Gro

Last Buyer's Agent

Jamal Agemy

Century 21 Circle License #RB14044161

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,524

Year Built

  • Built in 1887

Lot Details

  • 6,724 Sq Ft Lot
  • Lot Dimensions are 82x82

Parking

  • Attached Garage

Home Design

  • Brick Foundation

Interior Spaces

  • 2,572 Sq Ft Home
  • Elevator
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

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

Community Details

  • 2 Units
  • New Taxes Expense $1,242

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 460129410007000022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,524

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1887
  • Reso Property Sub Type: Duplex
  • Co List Office Mls Id: NRA641
  • Subdivision Name: NA
  • Garage Yn: Yes
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Elevator
  • Basement: Crawl Space
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.1544
  • Construction Type: Brick

Garage/Parking

  • Parking Features: Attached

Utilities

  • Utilities: Cable Available, Sewer Available
  • Cooling: Central Air, None
  • Heating: Forced Air, Hot Water, Individual Unit, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Water

Schools

  • Junior High Dist: Michigan City

Lot Info

  • Lot Dimensions: 82x82
  • Lot Size Sq Ft: 6724
  • Parcel #: 460129410007000022

Rental Info

  • Lease Term: Month To Month
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 2

Tax Info

  • New Taxes Expense: 1242

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2019
Sold by
Ibrahim Abdou A
Bought by
Ibrahim Abdou A and Ibrahim Aysha
Current Estimated Value
$226,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 31, 2012
Closed on
Mar 21, 2013
Sold by
Dalma Llc B227
Bought by
Ibrahim Abdou A
Seller's Agent
Jane Cooley
Weichert Realtors, Merrion Gro
Buyer's Agent
Jamal Agemy
Century 21 Circle
List Price
$79,000
Sold Price
$79,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%
Original Mortgage
$67,150
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2005
Sold by
Gab Trust Llc
Bought by
Dalma Llc B227
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ibrahim Abdou A -- None Available
Ibrahim Abdou A -- Multiple
Dalma Llc B227 -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ibrahim Abdou A $120,000
Closed Ibrahim Abdou A $135,000
Closed Ibrahim Abdou A $55,000
Closed Ibrahim Abdou A $67,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2013 04/04/13 Sold $79,000 0.0% $31 / Sq Ft
03/05/2013 03/05/13 Pending -- -- --
10/31/2012 10/31/12 For Sale $79,000 -- $31 / 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 $2,524 $168,500 $15,000 $153,500
2023 $2,452 $168,500 $15,000 $153,500
2022 $1,930 $135,200 $15,000 $120,200
2021 $1,806 $125,600 $15,000 $110,600
2020 $1,678 $125,600 $15,000 $110,600
2019 $1,485 $102,300 $15,000 $87,300
2018 $1,333 $97,900 $15,000 $82,900
2017 $840 $62,600 $6,800 $55,800
2016 $855 $64,700 $6,800 $57,900
2014 $1,566 $78,300 $6,800 $71,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 317518

Northwest Indiana Association of REALTORS®

APN: 46-01-29-410-007.000-022