3508 Ridge Rd Highland, IN 46322
Estimated Value: $297,638 - $380,000
4
Beds
2
Baths
1,900
Sq Ft
$173/Sq Ft
Est. Value
About This Home
As of January 2015Lots 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 Listed By
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
Community Details
- 2 Units
- Elizabeths Subdivision
Listing and Financial Details
- Assessor Parcel Number 450722381010000026
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
Total Days on Market
153
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,410
Avg. Annual Appreciation
11.68%
Original Mortgage
$80,000
Outstanding Balance
$63,396
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$251,574
Purchase Details
Closed on
Sep 2, 2010
Sold by
Palmer Thomas R
Bought by
Palmer Thomas R and The Thomas R Palmer Revocable
Similar Homes in Highland, IN
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Home Values in the Area
Average Home Value in this Area
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
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
14 in this area
151 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: GNR355497
APN: 45-07-22-381-010.000-026
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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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