NOT LISTED FOR SALE

Estimated Value: $206,000 - $218,751

2 Beds
1 Bath
1,384 Sq Ft
$153/Sq Ft Est. Value

Last Sold October 20, 2023

Last sale price $132,905 $96 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,428/month

17 Days on Market

Highlights

  • Ranch Style House
  • Country Kitchen
  • Cooling Available
  • No HOA
  • 1.5 Car Attached Garage
  • Laundry Room

About This Home

As of October 2023

Investment Opportunity! 2 bedroom, 1 full bath ranch style home in Merrillville! Bedrooms are on the main floor. Property also features a rec room near the kitchen! Unfinished basement and attached garage. Home needs updating but has lots of upside potential for the right buyer. After repair value estimated between 200-220k and estimated rent between $1600-1700 per month.

Last Agent to Sell the Property

Jeff McCormick

McCormick Real Estate, Inc. Brokerage Phone: 219-613-5643 License #RB14033291 Listed on: 08/25/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,099

Year Built

  • Built in 1970

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 87x161
  • Fenced

Parking

  • 1.5 Car Attached Garage
  • Garage Door Opener

Home Design

  • 1,384 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Vinyl Siding

Kitchen

  • Country Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Basement

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 451207226002000030

Community Details

Overview

  • No Home Owners Association
  • Bon Aire 06 Subdivision

Building Details

  • Net Lease

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,099

Year Built

Built in 1970

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Curbs
  • ResoOtherEquipment: Cable TV Hookup
  • Co List Office Mls Id: GNR1136
  • Subdivision Name: Bon Aire 06
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Brick,Vinyl
  • GNR_UnfinishedSquareFootage: 1384
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: Yes
  • GNR_Well: No
  • GNR_TotalBathrooms: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_RealEstateOwnedYN: true
  • GNR_SewerYN: true
  • GNR_ShortSaleYN: false
  • Attribution Contact: 219-613-5643
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Other
  • Interior Amenities: Country Kitchen, Finished Laundry Rm, Main Floor Bathroom, Main Floor Bedroom, Main Floor Laundry
  • Basement: Enclosed
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Exterior Features: Fence
  • Acres: 0.322

Garage/Parking

  • Garage Spaces: 1.5
  • Parking Features: Attached, Garage Door Opener

Utilities

  • Utilities: On
  • Cooling Y N: Yes
  • Heating: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Merrillville

Lot Info

  • Lot Dimensions: 87x161
  • Lot Size Sq Ft: 14026
  • ResoLotSizeUnits: Acres
  • Parcel #: 451207226002000030
  • ResoLotSizeUnits: Acres

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1099

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Oct 20, 2023
Sold by
Schlagel Larry G
Bought by
Chariton Frederick Jeffery
Seller's Agent
Jeff McCormick
McCormick Real Estate, Inc.
List Price
$149,900
Sold Price
$132,905
Premium/Discount to List
-$16,995
-11.34%
Views
33
Current Estimated Value
$212,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,533
Avg. Annual Appreciation
26.28%
Original Mortgage
$106,324
Outstanding Balance
$97,782
Interest Rate
6.52%
Mortgage Type
New Conventional
Estimated Equity
$114,656

Purchase Details

Listed on
Aug 25, 2023
Closed on
Oct 16, 2023
Sold by
Schlagel Larry G
Bought by
Chariton Frederick Jeffery
Seller's Agent
Jeff McCormick
McCormick Real Estate, Inc.
List Price
$149,900
Sold Price
$132,905
Premium/Discount to List
-$16,995
-11.34%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,324
Outstanding Balance
$97,782
Interest Rate
6.52%
Mortgage Type
New Conventional
Estimated Equity
$114,656

Purchase Details

Closed on
Aug 18, 2010
Sold by
Schlagel Larry G
Bought by
Schlagel Larry G and Schlagel Robin M
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
Chariton Frederick Jeffery -- Meridian Title
Chariton Frederick Jeffery $1,322,905 Meridian Title
Schlagel Larry G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chariton Frederick Jeffery $106,324
Closed Chariton Frederick Jeffery $106,324
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2023 10/20/23 Sold $132,905 -5.0% $96 / Sq Ft
09/11/2023 09/11/23 Pending -- -- --
09/01/2023 09/01/23 Price Changed $139,900 -6.7% $101 / Sq Ft
08/25/2023 08/25/23 For Sale $149,900 -- $108 / 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 $3,665 $151,900 $38,400 $113,500
2023 $774 $156,400 $37,200 $119,200
2022 $774 $134,200 $31,100 $103,100
2021 $759 $130,200 $30,400 $99,800
2020 $744 $121,700 $28,500 $93,200
2019 $1,037 $119,200 $27,800 $91,400
2018 $1,060 $119,200 $27,800 $91,400
2017 $1,092 $118,500 $27,800 $90,700
2016 $1,077 $119,200 $26,900 $92,300
2014 $799 $121,600 $27,400 $94,200
2013 $846 $122,500 $29,400 $93,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR537263

Northwest Indiana Association of REALTORS®

APN: 45-12-07-226-002.000-030