NOT LISTED FOR SALE

2745 Fayette St Lake Station, IN 46405

Estimated Value: $151,000 - $185,000

4 Beds
3 Baths
2,778 Sq Ft
$59/Sq Ft Est. Value

Last Sold June 14, 2017

Last sale price $21,000 $8 Per Sq Ft

Est. 675% increase in value since last sale

Current estimated payment $1,076/month

61 Days on Market

Highlights

  • Outdoor Storage
  • Hot Water Heating System
  • Fenced

About This Home

As of June 2017

*** AUCTION *** Up for auction this is quality income producing three unit property. The units consist of one two bedroom and one bath unit and two units with one bedrooms and one bath. Then in the basement is laundry for tenants to use. Currently one rented unit for $510 a month. When fully occupied there is over $1700 a month rent and cash flowed over $16,000 a year! Instant income and a great rental property to add to an investment portfolio.

Last Agent to Sell the Property

Diana Metros

JD Real Estate Company, LLC Listed on: 04/07/2017

Last Buyer's Agent

Non-Member Agent

Non-Member MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,969

Year Built

  • Built in 1943

Lot Details

  • 6,200 Sq Ft Lot
  • Lot Dimensions are 50 x 124
  • Fenced

Interior Spaces

  • 2,778 Sq Ft Home
  • Elevator
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Outdoor Storage
  • Hot Water Heating System

Listing and Financial Details

  • Auction
  • Total Actual Rent $17,700
  • Assessor Parcel Number 450918378020000021

Community Details

Overview

  • 3 Units
  • East Gary 1St Sub Subdivision

Building Details

  • Insurance Expense $623
  • Water Sewer Expense $720
  • New Taxes Expense $2,354
  • Net Operating Income $17,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,969

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1943
  • Co List Office Mls Id: NRA2042
  • Subdivision Name: East Gary 1st Sub
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Storage
  • Fencing: Fenced
  • Acres: 0.1423
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: None

Utilities

  • Utilities: Sewer Available
  • Heating: Hot Water
  • Water Source: Public

Schools

  • Junior High Dist: Lake Station

Lot Info

  • Lot Dimensions: 50 x 124
  • Lot Size Sq Ft: 6200
  • Parcel #: 450918378020000021

Rental Info

  • LeaseType: Net

Multi Family

  • Number Of Units Total: 3
  • Insurance Expense: 623
  • Total Actual Rent: 17700

Tax Info

  • New Taxes Expense: 2354

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2023
Sold by
Trevino Marco E and Trevino Courtney L
Bought by
Sarah Jo Llc
Total Days on Market
61
Current Estimated Value
$162,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$147,085
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$25,915

Purchase Details

Closed on
Oct 3, 2019
Sold by
Ipa Holdings Llc
Bought by
Trevino Marco E and Trevino Courtney L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 7, 2017
Closed on
Jun 14, 2017
Sold by
Blue Scott E
Bought by
Ipa Holdings Llc
Seller's Agent
Diana Metros
JD Real Estate Company, LLC
Buyer's Agent
Non-Member Agent
Non-Member MLS Office
List Price
$21,000
Sold Price
$21,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.29%

Purchase Details

Closed on
Jan 12, 2013
Sold by
Blue Russell E and Blue Sharron D
Bought by
Blue Russell E and Blue Sharron D
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
Sarah Jo Llc $145,000 None Listed On Document
Trevino Marco E -- Liberty Title & Escrow Co
Ipa Holdings Llc -- None Available
Iopa Holdings Llc -- None Available
Blue Sharron D -- None Available
Blue Russell E -- None Available
Blue Russell E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sarah Jo Llc $150,000
Previous Owner Trevino Marco E $78,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2017 06/14/17 Sold $21,000 0.0% $8 / Sq Ft
05/15/2017 05/15/17 Pending -- -- --
04/07/2017 04/07/17 For Sale $21,000 -- $8 / 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 $5,969 $137,500 $13,700 $123,800
2023 $3,091 $128,200 $10,600 $117,600
2022 $3,091 $121,700 $9,200 $112,500
2021 $2,697 $106,200 $7,600 $98,600
2020 $2,629 $103,500 $7,600 $95,900
2019 $2,350 $86,800 $7,600 $79,200
2018 $2,576 $82,800 $7,600 $75,200
2017 $2,571 $80,200 $7,600 $72,600
2016 $2,082 $79,400 $5,000 $74,400
2014 $1,428 $54,900 $4,900 $50,000
2013 $1,726 $61,800 $5,000 $56,800
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Diana Metros

    JD Real Estate Company, LLC

  • N

    Buyer's Agent in 2017

    Non-Member Agent

    Non-Member MLS Office

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 412094

Northwest Indiana Association of REALTORS®

APN: 45-09-18-378-020.000-021

Indiana Lake County Lake Station 46405

2745 Fayette St, Lake Station, IN

This home is located at 2745 Fayette St, Lake Station, IN 46405 since 07 April 2017 and is currently estimated at $162,667, approximately $58 per square foot. This property was built in 1943. 2745 Fayette St is a home located in Lake County with nearby schools including Thomas A. Edison Junior/Senior High School and Hobart Baptist 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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