NOT LISTED FOR SALE

3909 E Us Highway 12 Michigan City, IN 46360

Estimated Value: $300,000 - $413,000

3 Beds
3 Baths
1,080 Sq Ft
$335/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $225,000 $208 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,317/month

190 Days on Market

About This Home

As of April 2021

Versatile property could be family retreat compound or great investment opportunity. Current owners home has 3 bedrooms and 1 bath plus 1 car garage. Two other buildings currently income producing: a 2 flat with each unit having 2 bedrooms & 1 bath. and a single residence with 1 bedroom 1 bath. Also large detached second 2.5 car garage. There is an in ground pool (condition not warranted). Three separate buildings with 4 dwellings and amenities on 4.3 acres. Frontage on Hwy 12, Belle Rd and Dale Rd. Close to shopping center, restaurants, and short drive to beach, zoo and amphitheater. Allow 48 hours to contact tenants.

Last Agent to Sell the Property

Jane Cooley

Weichert Realtors, Merrion Gro License #RB14015563 Listed on: 09/21/2020

Weichert Realtors, Merrion Gro

Last Buyer's Agent

George Georgeff

McColly Real Estate License #RB14046511

McColly Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,781

Year Built

  • Built in 1916

Lot Details

  • 4.3 Acre Lot

Parking

  • Detached Garage

Interior Spaces

  • 1,080 Sq Ft Home
  • Elevator
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 460123202001000022

Community Details

Overview

  • 3 Units
  • Michigan City Subdivision

Building Details

  • New Taxes Expense $4,292

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,781

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1916
  • Reso Property Sub Type: Triplex
  • Co List Office Mls Id: NRA641
  • Subdivision Name: Michigan City
  • Garage Yn: Yes
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Crawl Space
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 4.3
  • Construction Type: Vinyl Siding, Wood Siding

Garage/Parking

  • Parking Features: Detached

Utilities

  • Utilities: Cable Available, Sewer Available
  • Water Source: Public

Lot Info

  • Lot Dimensions: 4A
  • Lot Size Sq Ft: 187308
  • Parcel #: 460123202001000022

Rental Info

  • Lease Term: Month To Month
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 3

Tax Info

  • New Taxes Expense: 4292

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2020
Closed on
Apr 30, 2021
Sold by
Helton Trust
Bought by
Ramona Bm Llc
Seller's Agent
Jane Cooley
Weichert Realtors, Merrion Gro
Buyer's Agent
George Georgeff
McColly Real Estate
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$361,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,965
Avg. Annual Appreciation
11.22%
Original Mortgage
$162,800
Outstanding Balance
$147,537
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$214,428
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
Ramona Bm Llc -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramona Bm Llc $162,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $225,000 0.0% $208 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
09/21/2020 09/21/20 For Sale $225,000 -- $208 / 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 $4,781 $213,400 $48,300 $165,100
2023 $4,637 $213,400 $48,300 $165,100
2022 $5,143 $238,500 $48,300 $190,200
2021 $4,276 $240,100 $48,300 $191,800
2020 $4,196 $240,100 $48,300 $191,800
2019 $4,292 $235,200 $48,300 $186,900
2018 $3,850 $212,300 $42,600 $169,700
2017 $3,393 $191,500 $20,600 $170,900
2016 $3,129 $199,100 $20,600 $178,500
2014 $3,761 $232,400 $20,600 $211,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 482017

Northwest Indiana Association of REALTORS®

APN: 46-01-23-202-001.000-022