$245,000
SOLD NOV 19, 2012

503 Wabash Ave Chesterton, IN 46304

6 Beds
4 Baths
3,848 Sq Ft
0.25 Acres

Recently Sold

$64 Per Sq Ft

153 Days on Market

Highlights

  • Deck
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Westchester Intermediate School Rated A-
  • Patio

About This Home

As of November 2019

This is an exceptional investment opportunity for owner occupants to live in the spacious owner's unit & let the other 2 units make the mortgage payment for you. The owner's unit has 1924 SF & offers 2 BR's & 2 full baths (the master has double sinks & whirlpool tub), a gourmet kitchen with all appliances, ceramic tile, new carpet, a 2 car garage, & a woodburning stove. The kitchen (with 2 bar areas) is open to the living room & dining area & is designed for entertaining. The 2nd & 3rd units each offer 2 BR's, modern kitchens with all appliances, cathedral ceilings, new carpet, & ceramic tile. All 3 units have their own laundry rooms, washers & dryers are included. All 3 units each have 2 entrances. Tenants pay ALL utilities. Each unit has its own furnace, c/a unit & electrical box. Recently paved parking area in front & there is additional parking in the rear. All units have nice 6 panel doors. Property has been meticulously maintained.

Last Agent to Sell the Property

Sheryl Barnard

McColly Real Estate License #RB14012985 Listed on: 06/15/2012

McColly Real Estate

Last Buyer's Agent

Shawn Spaw

Stray Dog Properties, LLC License #RB14035996

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,022

Year Built

  • Built in 1998

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Off-Street Parking

Interior Spaces

  • 3,848 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $17,400
  • Assessor Parcel Number 10000240631

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,180
  • New Taxes Expense $586
  • Net Operating Income $15,633

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,022

Year Built

Built in 1998

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1998
  • Reso Property Sub Type: Triplex
  • ResoLaundryFeatures: In Unit, Other
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: NRA233
  • Subdivision Name: None
  • Garage Yn: Yes
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Interior Amenities: Elevator
  • Basement: Sump Pump
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached, Garage Door Opener, Off Street
  • Total Parking Spaces: 11

Utilities

  • Utilities: Cable Available, Sewer Available
  • Cooling: Central Air, Individual Units, Unit Control
  • Heating: Forced Air, Individual Unit, Natural Gas, Unit Control
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: None

Schools

  • Junior High Dist: Duneland School Corporation

Lot Info

  • Lot Dimensions: 75 x 145, Also 1 x 20
  • Parcel #: 10000240631

Rental Info

  • LeaseType: Net

Multi Family

  • Number Of Units Total: 3
  • Insurance Expense: 1180
  • Total Actual Rent: 17400

Tax Info

  • New Taxes Expense: 586

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2019
Closed on
Nov 8, 2019
Sold by
Reese Donald
Bought by
Narisetty Amar and Thota Sharmilee
Seller's Agent
Darlene Knoblock
Realty Executives Premier
List Price
$345,000
Sold Price
$345,000
Current Estimated Value
$417,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,603
Avg. Annual Appreciation
4.44%
Original Mortgage
$258,750
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 15, 2012
Closed on
Nov 19, 2012
Sold by
Visvardis Peter and Visvardis Laverne
Bought by
Reese Donald
Seller's Agent
Sheryl Barnard
McColly Real Estate
Buyer's Agent
Shawn Spaw
Stray Dog Properties, LLC
List Price
$245,000
Sold Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.03%
Original Mortgage
$210,622
Interest Rate
3.25%
Mortgage Type
FHA
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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- Community Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $258,750 New Conventional
Closed $258,750 New Conventional
Previous Owner $210,622 FHA
Previous Owner $179,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2019 11/08/19 Sold $345,000 0.0% $90 / Sq Ft
10/09/2019 10/09/19 Pending -- -- --
09/21/2019 09/21/19 For Sale $345,000 +40.8% $90 / Sq Ft
11/19/2012 11/19/12 Sold $245,000 0.0% $64 / Sq Ft
10/20/2012 10/20/12 Pending -- -- --
06/15/2012 06/15/12 For Sale $245,000 -- $64 / 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 $8,022 $384,800 $42,100 $342,700
2023 $7,283 $358,700 $37,600 $321,100
2022 $7,223 $327,100 $37,600 $289,500
2021 $6,405 $287,900 $37,600 $250,300
2020 $6,352 $285,500 $35,900 $249,600
2019 $4,674 $285,900 $35,900 $250,000
2018 $4,577 $281,800 $35,900 $245,900
2017 $4,330 $273,700 $35,900 $237,800
2016 $4,474 $285,000 $38,300 $246,700
2014 $4,380 $272,400 $35,900 $236,500
2013 -- $259,400 $36,400 $223,000
Source: Public Records

Agents Affiliated with this Home

  • Darlene Knoblock

    Seller's Agent in 2019

    Darlene Knoblock

    Realty Executives

    (219) 707-6513

    2 in this area

    66 Total Sales

    Darlene Knoblock
    Section Image

  • S

    Seller's Agent in 2012

    Sheryl Barnard

    McColly Real Estate

    (219) 395-0448

    1 in this area

    48 Total Sales

    Sheryl Barnard
    Section Image
  • Shawn Spaw

    Buyer's Agent in 2012

    Shawn Spaw

    Stray Dog Properties, LLC

    (219) 617-7802

    30 in this area

    347 Total Sales

    Shawn Spaw
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 309752

Northwest Indiana Association of REALTORS®

APN: 64-03-36-403-002.000-023

Indiana Porter County Chesterton 46304

503 Wabash Ave, Chesterton, IN

This home is located at 503 Wabash Ave, Chesterton, IN 46304 and is currently priced at $245,000, approximately $63 per square foot. This property was built in 1998. 503 Wabash Ave is a home located in Porter County with nearby schools including Westchester Intermediate School, Brummitt Elementary School, and Chesterton 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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