NOT LISTED FOR SALE

503 Morgan Blvd Valparaiso, IN 46383

Estimated Value: $298,381 - $331,000

4 Beds
2 Baths
1,748 Sq Ft
$176/Sq Ft Est. Value

Last Sold January 09, 2019

Last sale price $170,000 $97 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $2,131/month

35 Days on Market

Highlights

  • 1.5 Car Detached Garage
  • Laundry Facilities
  • Community Storage Space
  • Central Elementary School Rated A
  • Community Deck or Porch

About This Home

As of January 2019

Build or start your portfolio with this duplex walking distance to Downtown Valparaiso! Each unit has 2 bedrooms and 1 full bath and kitchens with original built ins. Storage is no issue for your renters with full basements separate & secure basements. Each unit has its own HVAC systems with newer furnaces. The location and rental possibilities can't be beat!

Last Agent to Sell the Property

Justin Higer

Century 21 Circle License #RB14048237 Listed on: 11/05/2018

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,093

Year Built

  • Built in 1897

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 1.5 Car Detached Garage
  • 6 Open Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • 1,748 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 640924184010000004

Community Details

Overview

  • 2 Units
  • North Valparaiso Subdivision

Amenities

  • Community Deck or Porch
  • Laundry Facilities
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,093

Year Built

Built in 1897

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Year Built: 1897
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Laundry, Porch, Storage
  • Co List Office Mls Id: GNR1473
  • Subdivision Name: North Valparaiso
  • GNR_TotalBathrooms: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • GNR_ParkingSurface: Gravel
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Acres: 0.2

Garage/Parking

  • Garage Spaces: 1.5
  • Open Parking Spaces: 6
  • Parking Features: Detached, Off Street

Lot Info

  • Lot Size Sq Ft: 8712
  • Parcel #: 640924184010000004

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4093

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2018
Closed on
Jan 9, 2019
Sold by
Simpson Sandra K
Bought by
Fairbairn William Jefrey and Fairbairn Lindsay Nicole
Seller's Agent
Justin Higer
Century 21 Circle
List Price
$170,000
Sold Price
$170,000
Current Estimated Value
$307,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,345
Avg. Annual Appreciation
9.20%
Original Mortgage
$12,750,000
Outstanding Balance
$11,254,896
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
-$10,947,551

Purchase Details

Closed on
Aug 6, 2014
Sold by
Retzlaff Jason Michael and Retzlaff Mary Elizabeth
Bought by
Simpkins Sandra K and Simpkins Steven Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2006
Sold by
Spiess John L
Bought by
Retzlaff Jason Michael and Retzlaff Mary Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.39%
Mortgage Type
Fannie Mae Freddie Mac
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
Fairbairn William Jefrey $170,000 Affinity Title Services, Llc
Simpkins Sandra K -- Chicago Title Company Llc
Retzlaff Jason Michael -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fairbairn William Jefrey $12,750,000
Previous Owner Simpkins Sandra K $115,000
Previous Owner Retzlaff Jason Michael $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2019 01/09/19 Sold $170,000 0.0% $97 / Sq Ft
12/10/2018 12/10/18 Pending -- -- --
11/05/2018 11/05/18 For Sale $170,000 -- $97 / 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 $6,016 $275,800 $41,600 $234,200
2023 $5,534 $244,600 $36,300 $208,300
2022 $5,534 $223,900 $36,300 $187,600
2021 $5,012 $195,700 $36,300 $159,400
2020 $4,631 $177,900 $33,000 $144,900
2019 $4,456 $168,900 $33,000 $135,900
2018 $4,163 $157,800 $33,000 $124,800
2017 $4,093 $155,300 $33,000 $122,300
2016 $3,652 $150,300 $39,500 $110,800
2014 $1,431 $141,100 $37,300 $103,800
2013 -- $133,800 $37,500 $96,300
Source: Public Records

Agents Affiliated with this Home

  • Justin Higer

    Seller's Agent in 2019

    Justin Higer

    Century 21 Circle

    (219) 309-7785

    28 in this area

    84 Total Sales

    Justin Higer
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR445564

Northwest Indiana Association of REALTORS®

APN: 64-09-24-184-010.000-004

Indiana Porter County Valparaiso 46383

503 Morgan Blvd, Valparaiso, IN

This home is located at 503 Morgan Blvd, Valparaiso, IN 46383 since 05 November 2018 and is currently estimated at $307,345, approximately $175 per square foot. This property was built in 1897. 503 Morgan Blvd is a home located in Porter County with nearby schools including Central Elementary School, Ben Franklin Middle School, and Valparaiso High 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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