NOT LISTED FOR SALE

3508 Ridge Rd Highland, IN 46322

Estimated Value: $302,255 - $389,000

4 Beds
2 Baths
1,900 Sq Ft
$177/Sq Ft Est. Value

Last Sold January 28, 2015

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

Est. 236% increase in value since last sale

Current estimated payment $2,271/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
$336,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,314
Avg. Annual Appreciation
11.80%
Original Mortgage
$80,000
Outstanding Balance
$28,507
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$307,807

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 List to Sale Price per Sq Ft
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

    12 in this area

    149 Total Sales

    Timothy Galambos
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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

Not Listed for Sale

MultiFamily

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