$84,500
SOLD DEC 10, 2020

507 E St La Porte, IN 46350

3 Beds
2 Baths
1,728 Sq Ft
8,450 Sq Ft Lot

Recently Sold

$49 Per Sq Ft

118 Days on Market

Highlights

  • Deck
  • 1 Car Detached Garage
  • Patio
  • Wood Flooring
  • Porch
  • Outdoor Storage

About This Home

As of November 2023

This income producing, Multi-family property features 2 currently rented units. Both units are on month to month verbal agreements. The downstairs unit is 1018 sqft, and consists of 2 bedrooms, 1 full bathroom, kitchen, dining room, living room, basement washer and dryer hookups, and access to the detached 1 car garage. The upstairs unit is 710 sqft, and consists of 1 bedroom, 1 full bathroom, kitchen and living room. The backyard is shared by both tenants and is partially fenced in for privacy. Water bill is paid by the owner. Each unit is billed separately for Gas/Electric usage. NEW ROOF installed on 8/1/2020!

Last Agent to Sell the Property

Jenna Francesconi

MTM Realty Group License #RB20000087 Listed on: 08/14/2020

MTM Realty Group

Last Buyer's Agent

Jenna Francesconi

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,051

Year Built

  • Built in 1937

Lot Details

  • 8,450 Sq Ft Lot
  • Lot Dimensions are 65x130
  • Fenced

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Interior Spaces

  • 1,728 Sq Ft Home
  • Elevator
  • Basement

Flooring

  • Wood
  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Patio
  • Outdoor Storage
  • Porch

Schools

  • Handley Elementary School
  • Laporte Middle School
  • Laporte High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $10,800
  • Tenant pays for electricity, gas
  • The owner pays for electricity, gas, sewer, water
  • Rent includes water
  • Assessor Parcel Number 461002242002000043

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,100
  • New Taxes Expense $1,972
  • Net Operating Income $7,728

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,051

Year Built

Built in 1937

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Year Built: 1937
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: In Unit, Other
  • Road Surface Type: Gravel
  • Co List Office Mls Id: NRA1785
  • Subdivision Name: N/A
  • Garage Yn: Yes
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Elevator
  • Basement: Full
  • Flooring: Carpet, Hardwood, Linoleum
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Storage
  • Fencing: Fenced
  • Acres: 0.194
  • Construction Type: Shake Siding, Wood Siding
  • Patio And Porch Features: Deck, Patio, Porch

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached, Off Street
  • Total Parking Spaces: 2

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available
  • Cooling: Wall/Window Unit(s)
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Water

Schools

  • Middle Or Junior School: LaPorte Middle School

Lot Info

  • Lot Dimensions: 65x130
  • Lot Size Sq Ft: 8450
  • Parcel #: 461002242002000043

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: Electricity, Gas
  • Owner Pays: Electricity, Gas, Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 1100
  • Total Actual Rent: 10800

Tax Info

  • New Taxes Expense: 1972

MLS Schools

  • HighSchool: LaPorte High School
  • Elementary School: Handley Elementary School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2023
Closed on
Nov 2, 2023
Sold by
Shireman Nathan T and Shireman Mackenzie
Bought by
Talerico Austin Mathew
Seller's Agent
Jenna Francesconi
MTM Realty Group
Buyer's Agent
Jarrod Carr
@properties/Christie's Intl RE
List Price
$135,000
Sold Price
$115,000
Premium/Discount to List
-$20,000
-14.81%
Views
31
Current Estimated Value
$142,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,922
Avg. Annual Appreciation
13.53%
Original Mortgage
$109,250
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 14, 2020
Closed on
Dec 10, 2020
Sold by
Fritz Aspasia J
Bought by
Shireman Nathan T and Shireman Mackenzie
Seller's Agent
Jenna Francesconi
MTM Realty Group
Buyer's Agent
Jenna Francesconi
MTM Realty Group
List Price
$84,500
Sold Price
$84,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.21%
Original Mortgage
$63,375
Interest Rate
2.8%
Mortgage Type
New Conventional
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 $115,000 None Listed On Document
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $118,400 Credit Line Revolving
Closed $109,250 New Conventional
Previous Owner $63,375 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2023 11/02/23 Sold $115,000 -14.8% $67 / Sq Ft
10/31/2023 10/31/23 Pending -- -- --
09/07/2023 09/07/23 For Sale $135,000 +59.8% $78 / Sq Ft
12/10/2020 12/10/20 Sold $84,500 0.0% $49 / Sq Ft
11/10/2020 11/10/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $84,500 -- $49 / 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 $1,051 $97,400 $14,200 $83,200
2022 $1,414 $99,800 $14,200 $85,600
2021 $1,414 $70,700 $10,700 $60,000
2020 $1,924 $70,700 $10,700 $60,000
2019 $1,972 $96,200 $18,300 $77,900
2018 $1,802 $87,700 $16,100 $71,600
2017 $1,716 $83,400 $16,100 $67,300
2016 $1,868 $91,000 $16,100 $74,900
2014 $1,648 $82,400 $16,100 $66,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 479328

Northwest Indiana Association of REALTORS®

APN: 46-10-02-242-002.000-043