NOT LISTED FOR SALE

5254 W 500 N La Porte, IN 46350

Estimated Value: $600,000 - $994,333

5 Beds
3 Baths
4,528 Sq Ft
$177/Sq Ft Est. Value

Last Sold March 14, 2022

Last sale price $850,000 $188 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,901/month

136 Days on Market

Highlights

  • Lake Front
  • Barn
  • 23.93 Acre Lot
  • F. Willard Crichfield Elementary School Rated A-
  • Horses Allowed On Property
  • Lake Privileges

About This Home

As of March 2022

Private 24 acre compound with 5 fully stocked ponds, covered bridge, sand volleyball court, numerous outbuildings, and 4,500 finished square foot living space! Currently operating as an extremely successful vacation rental, with potential to continue with this turn key opportunity. Featuring 5 bedrooms and 3 full bathrooms, 2 kitchens, sauna, hot tub, and incredible property views from every window! The outdoor space surpasses any that you can imagine with natural prairie, expansive lawns, a swimming pond, park like setting pavilion, fire pits, original waterfront log cabin, and so much more. Weather it is inside or out, you can't find a better place to unwind or entertain. Book a showing today (for at least an hour and a half!)

Last Agent to Sell the Property

Daren Huber

Coldwell Banker Realty License #RB15000509 Listed on: 09/17/2021

Coldwell Banker Realty

Co-Listed By

Zane Galloway

Coldwell Banker Realty License #RB16000549

Last Buyer's Agent

Daren Huber

Coldwell Banker Realty License #RB15000509 Listed on: 09/17/2021

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,592

Year Built

  • Built in 1974

Lot Details

  • 23.93 Acre Lot
  • Lake Front
  • Landscaped

Parking

  • 4 Car Detached Garage
  • Off-Street Parking

Home Design

  • Ranch Style House
  • Brick Foundation

Interior Spaces

  • Wet Bar
  • Great Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Tile Flooring
  • Lake Views
  • Fireplace in Basement
  • Intercom

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Lake Privileges
  • Balcony
  • Deck
  • Patio
  • Outdoor Storage
  • Porch

Utilities

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

Additional Features

  • Barn
  • Horses Allowed On Property

Listing and Financial Details

  • Assessor Parcel Number 460607201005000042

Community Details

Overview

  • No Home Owners Association
  • Unincorporated Subdivision

Amenities

  • Community Storage Space

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,592

Year Built

Built in 1974

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Reso Property Sub Type: Single Family Residence
  • Road Frontage Type: Lakefront, Waterfront
  • ResoLaundryFeatures: Main Level
  • ResoLotFeatures: Horses Allowed, Lake On Lot, Landscaped, Level, Open Lot, Other, Pond On Lot
  • Reso View: Lake
  • ResoOtherEquipment: Intercom
  • Co List Office Mls Id: NRA920
  • Co List Office Mls Id: NRA728
  • Subdivision Name: Unincorporated
  • Above Grade Finished Sq Ft: 2328
  • Architectural Style: Hillside Ranch
  • Garage Yn: Yes
  • Reso Other Structures: Barn(s), Shed(s), Storage
  • Property Attached Yn: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Range, Microwave, Refrigerator, Washer
  • Interior Amenities: Cathedral Ceiling(s), In-Law Floorplan, Primary Downstairs, Sauna, Vaulted Ceiling(s), Wet Bar, Whirlpool Tub
  • Flooring: Luxury Vinyl, Tile
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 2200
  • Fireplace Features: Great Room, Living Room, Lower Level
  • Fireplaces: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Balcony, Dock, Storage
  • Acres: 23.93
  • Waterfront Features: Lake Front, Lake Privileges
  • Construction Type: Brick, Cedar
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Patio, Porch

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Detached, Off Street

Utilities

  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: Irregular
  • Lot Size Sq Ft: 1042391
  • Parcel #: 460607201005000042

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6592

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2021
Closed on
Mar 4, 2022
Sold by
Selo Llc
Bought by
Mclaughlin Michael H and Hartford Elmer
Seller's Agent
Daren Huber
Coldwell Banker Realty
Buyer's Agent
Daren Huber
Coldwell Banker Realty
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$803,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,917
Avg. Annual Appreciation
-2.21%
Original Mortgage
$600,000
Outstanding Balance
$567,847
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$217,613

Purchase Details

Closed on
Nov 1, 2016
Sold by
Invin Inc
Bought by
Selo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.42%
Mortgage Type
Unknown

Purchase Details

Listed on
Jun 13, 2014
Closed on
Oct 10, 2014
Sold by
Barthel Christopher
Bought by
Invin Inc
Seller's Agent
Amy Wagner
Century 21 Circle
Buyer's Agent
Amy Wagner
Century 21 Circle
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.65%
Original Mortgage
$192,500
Interest Rate
4.08%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 7, 2011
Sold by
Barthel Christopher
Bought by
Barthel Christopher
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 Buyer Sale Price Title Company
Mclaughlin Michael H -- Drake Andrew R
Selo Llc -- Attorney
Invin Inc -- None Available
Barthel Christopher -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclaughlin Michael H $600,000
Previous Owner Selo Llc $250,000
Previous Owner Invin Inc $192,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2022 03/14/22 Sold $850,000 0.0% $188 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
09/17/2021 09/17/21 For Sale $850,000 +142.9% $188 / Sq Ft
10/10/2014 10/10/14 Sold $350,000 0.0% $92 / Sq Ft
07/23/2014 07/23/14 Pending -- -- --
06/13/2014 06/13/14 For Sale $350,000 -- $92 / 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 $7,710 $520,800 $236,600 $284,200
2022 $7,155 $367,900 $100,400 $267,500
2021 $7,068 $354,500 $100,400 $254,100
2020 $6,592 $354,500 $100,400 $254,100
2019 $6,618 $340,400 $86,300 $254,100
2018 $6,945 $350,400 $114,500 $235,900
2017 $6,271 $331,500 $114,500 $217,000
2016 $6,259 $348,100 $112,000 $236,100
2014 $4,447 $347,900 $113,400 $234,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 501034

Northwest Indiana Association of REALTORS®

APN: 46-06-07-201-005.000-042