NOT LISTED FOR SALE

501 N College Ave Rensselaer, IN 47978

Marion Neighborhood

Estimated Value: $105,000 - $191,188

4 Beds
2 Baths
2,072 Sq Ft
$74/Sq Ft Est. Value

Last Sold December 21, 2017

Last sale price $32,500 $16 Per Sq Ft

Est. 372% increase in value since last sale

Current estimated payment $991/month

1 Day on Market

About This Home

As of December 2017

Great opportunity for investment property! 2 apts in one! Main level has 1216 sf w/2 bdr, l bath, kit, DR & LR. Upper ha 856 sf, 2 bdr, 1 bath, kit & LR. Both have own utilities, furnace & water heater. Back yard fenced & close to downtown facilities. A little TLC could make this opportunity your diamond in the rough. Both apts are vacant. Measurements & information are not guaranteed, Buyer is responsible for all accuracies.

Last Agent to Sell the Property

Terri Phegley

Cornerstone Real Estate Agency License #RB14016585 Listed on: 11/20/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $701

Year Built

  • Built in 1890

Lot Details

  • 6,229 Sq Ft Lot

Home Design

  • 2,072 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 370730000026008027

Community Details

Overview

  • 2 Units
  • Rensselaer Subdivision

Amenities

  • Community Deck or Porch

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$701

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1890
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Porch
  • Co List Office Mls Id: GNR983
  • Co List Office Mls Id: GNR983
  • Subdivision Name: Rensselaer
  • GNR_TotalBathrooms: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 4

Exterior Features

  • Acres: 0.143

Garage/Parking

  • Parking Features: None

Schools

  • Junior High Dist: Rensselaer Central

Lot Info

  • Lot Size Sq Ft: 6229
  • Parcel #: 370730000026008027

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 701

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2024
Sold by
Hearth And Home Family Properties Llc
Bought by
Ramirez General Contractors Inc
Current Estimated Value
$153,297

Purchase Details

Closed on
Jun 23, 2023
Sold by
Ramirez Marvin and Ramirez Sayra Guadalupe
Bought by
Hearth And Home Family Properties Llc

Purchase Details

Listed on
Nov 20, 2017
Closed on
Dec 21, 2017
Sold by
Lasumiki Enterprises Llc
Bought by
Marvin Ramirez
Seller's Agent
Terri Phegley
Cornerstone Real Estate Agency
List Price
$32,500
Sold Price
$32,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.57%

Purchase Details

Closed on
Oct 3, 2016
Sold by
Pas Properties Llc
Bought by
Lasumiki Enterprises Llc

Purchase Details

Closed on
Jul 1, 2009
Sold by
Lasumiki Enterprises Llc
Bought by
Pas Properties Llc
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
Ramirez General Contractors Inc $120,000 None Listed On Document
Hearth And Home Family Properties Llc $140,000 None Listed On Document
Marvin Ramirez $32,500 --
Ramirez Marvin $32,500 Jasper County Abstract Co Inc
Lasumiki Enterprises Llc -- None Available
Pas Properties Llc $3,700,000 Lasumiki Enterprises Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hearth And Home Family Propert $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2017 12/21/17 Sold $32,500 0.0% $16 / Sq Ft
11/21/2017 11/21/17 Pending -- -- --
11/20/2017 11/20/17 For Sale $32,500 -- $16 / 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 $1,806 $138,500 $17,800 $120,700
2023 $1,593 $130,400 $17,800 $112,600
2022 $1,482 $115,500 $15,500 $100,000
2021 $902 $64,600 $14,500 $50,100
2020 $864 $63,300 $14,500 $48,800
2019 $825 $62,900 $14,500 $48,400
2018 $796 $62,900 $14,500 $48,400
2017 $755 $62,800 $14,500 $48,300
2016 $701 $61,600 $14,500 $47,100
2014 $713 $61,900 $14,500 $47,400
Source: Public Records

Agents Affiliated with this Home

  • Terri Phegley

    Seller's Agent in 2017

    Terri Phegley

    Cornerstone Real Estate Agency

    (219) 863-2206

    144 in this area

    227 Total Sales

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR425798

Northwest Indiana Association of REALTORS®

APN: 37-07-30-000-026.008-027

Indiana Jasper County Rensselaer 47978 Marion

501 N College Ave, Rensselaer, IN

This home is located at 501 N College Ave, Rensselaer, IN 47978 since 20 November 2017 and is currently estimated at $153,297, approximately $73 per square foot. This property was built in 1890. 501 N College Ave is a home located in Jasper County with nearby schools including Rensselaer Central Primary School, Van Rensselaer Elementary School, and Rensselaer Middle 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.

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