NOT LISTED FOR SALE

3508 Ridge Rd Highland, IN 46322

Estimated Value: $302,765 - $375,000

4 Beds
2 Baths
1,900 Sq Ft
$174/Sq Ft Est. Value

Last Sold January 28, 2015

Last sale price $100,000 $53 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $2,247/month

153 Days on Market

Highlights

  • 0.47 Acre Lot
  • Laundry Facilities
  • Community Storage Space

About This Home

As of January 2015

Lots of Potential, this Multi-family Cape Cod sits on extra large lot, has plenty of parking and separate entrances for added privacy. Lower unit roughly 1400 sq. ft features 3 bedrooms, living room with fireplace and large kitchen with separate dining room. Upper level roughly 500 sq. ft. features 1 bedroom, kitchen and living room. Some TLC needed but loads of potential. **This is a legal non-conforming use property. Please consult your mortgage broker for financing details** Both units rented continuously for 20+ years. Both units vacated by Seller in June 2014 to allow buyer to select tenants or occupy. Great for multi-generational family.

Last Agent to Sell the Property

Timothy Galambos

Springer Real Estate Company License #RB14038720 Listed on: 07/29/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 0.47 Acre Lot

Home Design

  • 1,900 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 450722381010000026

Community Details

Overview

  • 2 Units
  • Elizabeths Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1937
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Common Laundry, Storage Shed
  • Co List Office Mls Id: GNR43
  • Subdivision Name: Elizabeths
  • GNR_TotalBathrooms: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Acres: 0.467

Garage/Parking

  • Parking Features: None

Schools

  • Junior High Dist: Highland

Lot Info

  • Lot Size Sq Ft: 20342
  • Parcel #: 450722381010000026

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4050

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2014
Closed on
Jan 27, 2015
Sold by
Palmer Thomas R and Thomas R Palmer Revocable Trus
Bought by
Race Brandon and Race Wendy
Seller's Agent
Timothy Galambos
Springer Real Estate Company
List Price
$100,000
Sold Price
$100,000
Current Estimated Value
$330,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,441
Avg. Annual Appreciation
11.45%
Original Mortgage
$80,000
Outstanding Balance
$63,396
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$254,219

Purchase Details

Closed on
Sep 2, 2010
Sold by
Palmer Thomas R
Bought by
Palmer Thomas R and The Thomas R Palmer Revocable
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
Race Brandon -- Multiple
Race Brandon -- Multiple
Palmer Thomas R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Race Brandon $80,000
Closed Race Brandon $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2015 01/28/15 Sold $100,000 0.0% $53 / Sq Ft
12/29/2014 12/29/14 Pending -- -- --
07/29/2014 07/29/14 For Sale $100,000 -- $53 / 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 $6,018 $243,800 $72,600 $171,200
2023 $3,866 $231,900 $72,600 $159,300
2022 $3,866 $193,300 $72,600 $120,700
2021 $2,942 $147,100 $36,300 $110,800
2020 $2,918 $145,900 $36,300 $109,600
2019 $2,853 $140,400 $36,300 $104,100
2018 $2,846 $119,200 $36,300 $82,900
2017 $2,797 $115,200 $36,300 $78,900
2016 $2,759 $114,000 $36,300 $77,700
2014 $4,060 $170,300 $36,400 $133,900
2013 $3,959 $170,300 $36,300 $134,000
Source: Public Records

Agents Affiliated with this Home

  • Timothy Galambos

    Seller's Agent in 2015

    Timothy Galambos

    Springer Real Estate Company

    (219) 838-0180

    13 in this area

    154 Total Sales

    Timothy Galambos
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR355497

Northwest Indiana Association of REALTORS®

APN: 45-07-22-381-010.000-026

Indiana Lake County Highland 46322

3508 Ridge Rd, Highland, IN

This home is located at 3508 Ridge Rd, Highland, IN 46322 since 29 July 2014 and is currently estimated at $330,441, approximately $173 per square foot. This property was built in 1937. 3508 Ridge Rd is a home located in Lake County with nearby schools including Highland High School, Highland Christian School, and Our Lady Of Grace 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.

Nearby Homes