NOT LISTED FOR SALE

307 Michigan Ave Valparaiso, IN 46383

Estimated Value: $232,000 - $280,083

4 Beds
2 Baths
2,304 Sq Ft
$114/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $240,000 $104 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,907/month

15 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Neighborhood Views
  • Central Elementary School Rated A
  • No HOA
  • Wrap Around Porch

About This Home

As of May 2024

INVESTMENT OPPORTUNITY! 2 Unit rental property is so convenient to downtown, Valparaiso University and shopping. Huge wrap around porch! Newer roof and some newer windows. 2 Newer furnaces. Don't miss out and set your viewing today!!

Last Agent to Sell the Property

Lynda Anderson

Boulder Bay Realty Group License #RB14025141 Listed on: 03/19/2024

Last Buyer's Agent

Genise Shumaker

McColly Real Estate License #RB14050598

McColly Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1870

Lot Details

  • 4,704 Sq Ft Lot
  • Lot Dimensions are 66 x 71
  • Landscaped
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Block Foundation

Interior Spaces

  • 2,304 Sq Ft Home
  • 1.5-Story Property
  • Double Pane Windows
  • Insulated Windows
  • Neighborhood Views
  • Fire and Smoke Detector
  • Basement

Kitchen

  • Country Kitchen
  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Wrap Around Porch

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for exterior maintenance, water, trash collection, taxes, insurance, grounds care, gas
  • Rent includes gas, water, sewer, trash collection
  • Assessor Parcel Number 64-09-24-191-005.000-004

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • North Valparaiso Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Fuel Expense $1,632
  • Insurance Expense $1,500
  • Water Sewer Expense $1,200
  • Gross Income $15,360
  • Net Operating Income $5,554

Property Details

Home Type

Multi-Family

Year Built

Built in 1870

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Year Built: 1870
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: Gas Dryer Hookup, Washer Hookup, Laundry Closet, Main Level
  • ResoLotFeatures: City Lot, Near Public Transit, Level, Front Yard, Landscaped, Corner Lot
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt, Paved
  • Reso View: Neighborhood
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: NRA768
  • Subdivision Name: North Valparaiso
  • Above Grade Finished Sq Ft: 2304
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • New Construction: No
  • Reso Other Structures: Garage(s)
  • ResoWindowFeatures: Double Pane Windows, Insulated Windows
  • Financial Info Electric: 100 Amp Service
  • WaterExpense: 1200.00
  • AuctionYN: No
  • AccessibilityFeaturesYN: No
  • AboveGradeUnfinishedArea: 0.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Refrigerator, Washer, Gas Range, Dryer, Disposal
  • Interior Amenities: Country Kitchen, Pantry, Eat-in Kitchen
  • Basement: Block, Sump Pump, Unfinished, Interior Entry, Crawl Space
  • Flooring: Carpet, Vinyl, Hardwood
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Lighting
  • Acres: 0.108
  • Waterfront: No
  • Foundation Details: Block
  • Patio And Porch Features: Covered, Wrap Around, Front Porch
  • Reso Roof: Asphalt

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached, Unassigned, On Street, Garage Faces Side
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Connected, Water Connected, Sewer Connected, Natural Gas Available, Natural Gas Connected, Electricity Connected
  • Cooling: None
  • Heating: Forced Air, Zoned, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks
  • Senior Community: No
  • HOA Rent Includes: Gas, Water, Sewer, Trash Collection
  • Association: No

Fee Information

  • Annual Fuel Expense: 1632

Schools

  • Junior High Dist: Valparaiso

Lot Info

  • Lot Dimensions: 66 x 71
  • Lot Size Sq Ft: 4704.48
  • ResoLotSizeUnits: Acres
  • Additional Parcels: No
  • Parcel #: 64-09-24-191-005.000-004
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes
  • Tenant Pays: Cable TV, Electricity
  • Owner Pays: Exterior Maintenance, Water, Trash Collection, Taxes, Insurance, Grounds Care, Gas

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6158

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 15360
  • Insurance Expense: 1500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2010
Sold by
Hallenbeck Tim and Shaw Candace
Bought by
Countrywide Home Loans Servicing Lp
Current Estimated Value
$263,021
Source: Public Records

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
Countrywide Home Loans Servicing Lp $154,151 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $240,000 -11.1% $104 / Sq Ft
03/19/2024 03/19/24 For Sale $269,900 -- $117 / 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 $6,158 $282,400 $31,200 $251,200
2023 $6,138 $250,400 $27,300 $223,100
2022 $5,494 $222,300 $27,300 $195,000
2021 $4,935 $192,700 $27,300 $165,400
2020 $4,561 $175,200 $24,800 $150,400
2019 $4,375 $165,800 $24,800 $141,000
2018 $4,166 $157,900 $24,800 $133,100
2017 $4,098 $155,500 $24,800 $130,700
2016 $3,596 $148,000 $29,600 $118,400
2014 $2,806 $139,300 $28,000 $111,300
2013 -- $131,300 $28,200 $103,100
Source: Public Records

Agents Affiliated with this Home

  • Lynda Anderson

    Seller's Agent in 2024

    Lynda Anderson

    Boulder Bay Realty Group

    (219) 405-5294

    101 in this area

    274 Total Sales

    Lynda Anderson
    Section Image

  • G

    Buyer's Agent in 2024

    Genise Shumaker

    McColly Real Estate

    (219) 510-2525

    9 in this area

    35 Total Sales

    Genise Shumaker
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 800981

Northwest Indiana Association of REALTORS®

APN: 64-09-24-191-005.000-004

Indiana Porter County Valparaiso 46383

307 Michigan Ave, Valparaiso, IN

This home is located at 307 Michigan Ave, Valparaiso, IN 46383 since 19 March 2024 and is currently estimated at $263,021, approximately $114 per square foot. This property was built in 1870. 307 Michigan Ave is a home located in Porter County with nearby schools including Central Elementary School, Ben Franklin Middle School, and Valparaiso 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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