NOT LISTED FOR SALE

Estimated Value: $213,175 - $243,000

2 Beds
2 Baths
1,302 Sq Ft
$172/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $215,000 $165 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,326/month

53 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Vinyl Flooring
  • Restaurant
  • 2 Car Garage
  • 1-Story Property

About This Home

As of May 2024

Investment Property. Single story, 2 - 1 bed, 1 bath units and a storage 2 car garage rental. This property also has room to add another garage or storage unit (must be confirmed with county). Both units are currently rented. This Duplex was completely remodeled down to the studs in 2013. Garage only 2 years old.

Last Agent to Sell the Property

Laura Eenigenburg

RE/MAX Executives License #RB14049680 Listed on: 03/13/2024

RE/MAX Executives

Last Buyer's Agent

Tracy VanderWall

RE/MAX Executives License #RB14002784

RE/MAX Executives

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $981

Year Built

  • Built in 1995

Lot Details

  • 1.07 Acre Lot
  • Additional Parcels

Parking

  • 2 Car Garage
  • Unpaved Parking
  • Off-Street Parking

Interior Spaces

  • 1,302 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Well

Listing and Financial Details

  • Total Actual Rent $1,400
  • Tenant pays for all utilities, telephone, insurance
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 37-13-17-000-015.000-032

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Restaurant

Building Details

  • Insurance Expense $1,200
  • New Taxes Expense $950
  • Operating Expense $2,150
  • Gross Income $20,800
  • Net Operating Income $18,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$981

Year Built

Built in 1995

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1995
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: NRA1811
  • Subdivision Name: none
  • Above Grade Finished Sq Ft: 1302
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Financial Info Electric: 100 Amp Service
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Electric Range, Free-Standing Refrigerator
  • Interior Amenities: Eat-in Kitchen, Open Floorplan
  • Flooring: Vinyl
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: None
  • Fencing: None
  • Acres: 1.07
  • Waterfront: No
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Street, Unpaved

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Restaurant
  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Kankakee Valley

Lot Info

  • Lot Dimensions: irregular
  • Lot Size Sq Ft: 46609
  • Additional Parcels: Yes
  • Parcel #: 37-13-17-000-015.000-032
  • Zoning Description: Agriculture

Rental Info

  • Pets Allowed: Size Limit
  • Tenant Pays: All Utilities, Telephone, Insurance
  • Owner Pays: Insurance, Taxes

Tax Info

  • Year: 2023
  • New Taxes Expense: 950
  • Tax Annual Amount: 981.2

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 20800
  • Insurance Expense: 1200
  • Annual Operating Expense: 2150
  • Total Actual Rent: 1400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
May 24, 2024
Sold by
Hicks David J
Bought by
Reynolds Kyle and Thomas Michelle C
Seller's Agent
Laura Eenigenburg
RE/MAX Executives
Buyer's Agent
Tracy VanderWall
RE/MAX Executives
List Price
$209,900
Sold Price
$215,000
Premium/Discount to List
$5,100
2.43%
Total Days on Market
53
Views
146
Current Estimated Value
$223,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,725
Avg. Annual Appreciation
3.72%
Original Mortgage
$161,250
Outstanding Balance
$159,919
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$63,806

Purchase Details

Closed on
Dec 4, 2020
Sold by
Hicks James R
Bought by
Hicks David J

Purchase Details

Closed on
Apr 27, 2012
Sold by
Gloria J Hicks Trust
Bought by
Hicks James R and Hicks David J
Source: Public Records

Range of Values:

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Average Value
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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
Reynolds Kyle $215,000 None Listed On Document
Hicks David J -- --
Hicks James R -- Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reynolds Kyle $161,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2024 05/24/24 Sold $215,000 +2.4% $165 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $209,900 -- $161 / 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 $1,018 $113,100 $30,800 $82,300
2023 $974 $106,200 $30,800 $75,400
2022 $952 $97,800 $28,000 $69,800
2021 $962 $93,800 $26,600 $67,200
2020 $1,016 $91,500 $24,200 $67,300
2019 $986 $90,800 $24,200 $66,600
2018 $943 $88,400 $24,200 $64,200
2017 $875 $86,100 $24,200 $61,900
2016 $844 $85,000 $24,200 $60,800
2014 $418 $96,000 $24,200 $71,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 800753

Northwest Indiana Association of REALTORS®

APN: 37-13-17-000-015.000-032