NOT LISTED FOR SALE

5118 W 78th Ln Schererville, IN 46375

West Merrillville Neighborhood

Estimated Value: $230,000 - $380,000

6 Beds
4 Baths
3,138 Sq Ft
$94/Sq Ft Est. Value

Last Sold May 31, 2018

Last sale price $197,000 $63 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,961/month

16 Days on Market

Highlights

  • Laundry Facilities
  • Community Deck or Porch
  • 5-minute walk to Rolling Hills Park
  • Homan Elementary School Rated A
  • Community Storage Space

About This Home

As of May 2018

WONDERFUL TURN KEY INVESTMENT OPPORTUNITY WITH THIS COMPLETELY UPDATED AND VERY WELL MAINTAINED 2 UNIT/DUPLEX. ONE UNIT IS RENTED TO A LONG TIME TENANT AND THE OTHER UNIT IS VACANT CURRENTLY. PERFECT FOR SOMEONE LOOKING TO LIVE IN ONE UNIT AND LEASE THE OTHER OR LEASE BOTH UNITS OUT. IDENTICAL 3 BEDROOM 1.5 BATH RANCH STYLE UNITS WITH FULL FINISHED BASEMENT AND ALL APPLIANCES. GENEROUS ROOM SIZES, IN UNIT FINISHED LAUNDRY ROOMS, NEWER APPLIANCES, ALL NEW FLOORING, DOORS, FRESH PAINT, LIGHT FIXTURES, CEILING FANS AND MORE. NEWER STORAGE SHEDS ALSO STAY. SCHEDULE YOUR PRIVATE SHOWING TODAY. INTERIOR PICTURES ARE FROM VACANT UNIT #5116. THIS IS THE UNIT TO BE SHOWN THE FIRST TIME. IF THERE IS SERIOUS INTEREST AFTER VIEWING VACANT UNIT, WE WILL THEN SCHEDULE A SHOWING TO VIEW TENANT OCCUPIED UNIT.

Last Agent to Sell the Property

Jimmy Karalis

JK Pro Realty, LLC License #RB14035192 Listed on: 04/15/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,477

Year Built

  • Built in 1974

Lot Details

  • 0.29 Acre Lot

Home Design

  • 3,138 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 5 Open Parking Spaces
  • Side Driveway
  • Off-Street Parking

Listing and Financial Details

  • Assessor Parcel Number 451124227028000036

Community Details

Overview

  • 2 Units
  • C Gorleys Rolling Hill Estates 02 Subdivision

Amenities

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,477

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1974
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Deck/Patio, Laundry, Pets Allowed, Storage Shed
  • Co List Office Mls Id: GNR1180
  • Subdivision Name: C Gorleys Rolling Hill Estates 02
  • GNR_TotalBathrooms: 3
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • GNR_ParkingSurface: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 6

Exterior Features

  • Acres: 0.2922

Garage/Parking

  • Open Parking Spaces: 5
  • Parking Features: Off Street, Side Drive

Schools

  • Junior High Dist: Lake Central

Lot Info

  • Lot Size Sq Ft: 12727
  • Parcel #: 451124227028000036

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3477

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2018
Closed on
Jun 1, 2018
Sold by
Brunetti Posey Deborah and Posey James
Bought by
Brunetti Posey Deborah
Seller's Agent
Jimmy Karalis
JK Pro Realty, LLC
List Price
$197,000
Sold Price
$197,000
Current Estimated Value
$295,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,769
Avg. Annual Appreciation
5.64%
Original Mortgage
$157,600
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 15, 2018
Closed on
May 31, 2018
Sold by
Brunetti Posey Deborah
Bought by
Decamotan Dean
Seller's Agent
Jimmy Karalis
JK Pro Realty, LLC
List Price
$197,000
Sold Price
$197,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,600
Interest Rate
4.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Brunetti Posey Deborah -- Greater Indiana Title Co
Decamotan Dean -- Greater Indiana Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Decamotan Dean $157,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2018 05/31/18 Sold $197,000 0.0% $63 / Sq Ft
05/01/2018 05/01/18 Pending -- -- --
04/15/2018 04/15/18 For Sale $197,000 -- $63 / 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 $4,910 $256,700 $67,500 $189,200
2023 $4,826 $241,100 $67,500 $173,600
2022 $4,826 $261,700 $67,500 $194,200
2021 $3,949 $217,100 $67,500 $149,600
2020 $3,895 $208,600 $35,400 $173,200
2019 $4,019 $196,800 $32,600 $164,200
2018 $3,817 $184,400 $32,600 $151,800
2017 $3,530 $180,200 $32,600 $147,600
2016 $3,521 $179,700 $32,600 $147,100
2014 $3,411 $181,900 $32,600 $149,300
2013 $3,419 $177,300 $32,600 $144,700
Source: Public Records

Agents Affiliated with this Home

  • Jimmy Karalis

    Seller's Agent in 2018

    Jimmy Karalis

    JK Pro Realty, LLC

    (219) 712-1567

    1 in this area

    98 Total Sales

    Jimmy Karalis
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR432620

Northwest Indiana Association of REALTORS®

APN: 45-11-24-227-028.000-036

Indiana Lake County Schererville 46375 West Merrillville

5118 W 78th Ln, Schererville, IN

This home is located at 5118 W 78th Ln, Schererville, IN 46375 since 15 April 2018 and is currently estimated at $295,769, approximately $94 per square foot. This property was built in 1974. 5118 W 78th Ln is a home located in Lake County with nearby schools including Homan Elementary School, Michael Grimmer Middle School, and Lake Central 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.

Nearby Homes