NOT LISTED FOR SALE

540 W 70th Place Merrillville, IN 46410

Turkey Creek Neighborhood

Estimated Value: $429,000 - $440,000

6 Beds
4 Baths
2,688 Sq Ft
$162/Sq Ft Est. Value

Last Sold October 25, 2024

Last sale price $420,000 $156 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,811/month

13 Days on Market

Highlights

  • Tile Flooring
  • Forced Air Heating System
  • 5-minute walk to John A. Stefek Park
  • 1-Story Property

About This Home

As of October 2024

Investors: Reach out to an agent for all details on this property, including rent roll and income/expenses, showing times, etc. This is being sold in package with 12 other properties (40 total units). Seller is willing to package or sell individually.

Last Agent to Sell the Property

Tariq Suboh

Ellsbury Commercial Group LLC License #RB20000815 Listed on: 07/12/2024

Co-Listed By

Farris Gosea

Ellsbury Commercial Group LLC License #RB20000951

Last Buyer's Agent

Christopher Mihajlovich

Haven Realty License #RB14051117

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,382

Year Built

  • Built in 1965

Lot Details

  • 0.41 Acre Lot

Interior Spaces

  • 2,688 Sq Ft Home
  • 1-Story Property
  • Microwave

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

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

Community Details

  • 4 Units
  • Turkey Creek Meadows Add 03 Subdivision

Listing and Financial Details

  • The owner pays for insurance, water, trash collection, taxes, snow removal, sewer, management
  • Assessor Parcel Number 45-12-16-203-021.000-030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,382

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1965
  • Reso Property Sub Type: Quadruplex
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Level
  • Co List Office Mls Id: NRA2314
  • Subdivision Name: Turkey Creek Meadows Add 03
  • Above Grade Finished Sq Ft: 2688
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Reso Other Structures: None
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Washer, Refrigerator, Microwave, Free-Standing Gas Range
  • Interior Amenities: None
  • Flooring: Tile, Vinyl
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Exterior Features: None
  • Fencing: None
  • Acres: 0.41
  • Patio And Porch Features: None

Garage/Parking

  • Parking Features: On Street

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 17860
  • Parcel #: 45-12-16-203-021.000-030

Rental Info

  • Owner Pays: Insurance, Water, Trash Collection, Taxes, Snow Removal, Sewer, Management

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6382

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Oct 22, 2024
Sold by
70Th Apartments Llc
Bought by
Degroate Joshua M and Degroate Payton B
Seller's Agent
Tariq Suboh
Ellsbury Commercial Group LLC
Buyer's Agent
Christopher Mihajlovich
Haven Realty
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%
Views
22
Current Estimated Value
$434,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,500
Avg. Annual Appreciation
3.45%
Original Mortgage
$315,000
Outstanding Balance
$311,522
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$122,978

Purchase Details

Closed on
Nov 16, 2022
Sold by
Subgo Llc
Bought by
70Th Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,927
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2022
Sold by
Rb Real Estate Solutions Llc
Bought by
Subgo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,927
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2017
Sold by
Pace Roger and Pace Donna B
Bought by
Rb Real Estate Solution S Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
3.9%
Mortgage Type
Commercial
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
Degroate Joshua M $420,000 Chicago Title Insurance Compan
70Th Apartments Llc -- Chicago Title
Subgo Llc -- Chicago Title
Rb Real Estate Solution S Llc -- Heartland Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Degroate Joshua M $315,000
Previous Owner 70Th Apartments Llc $345,927
Previous Owner Rb Real Estate Solution S Llc $131,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2024 10/25/24 Sold $420,000 -1.2% $156 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $425,000 -- $158 / 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 $6,383 $271,400 $223,800 $47,600
2023 $5,321 $272,400 $223,800 $48,600
2022 $3,400 $170,000 $120,200 $49,800
2021 $3,400 $170,000 $120,200 $49,800
2020 $3,400 $170,000 $120,200 $49,800
2019 $4,665 $170,000 $120,200 $49,800
2018 $6,303 $170,000 $120,200 $49,800
2017 $4,538 $170,000 $120,200 $49,800
2016 $4,231 $170,000 $30,300 $139,700
2014 $5,763 $271,200 $223,900 $47,300
2013 $5,970 $269,500 $223,900 $45,600
Source: Public Records

Agents Affiliated with this Home

  • Tariq Suboh

    Seller's Agent in 2024

    Tariq Suboh

    Ellsbury Commercial Group LLC

    (219) 805-5200

    1 in this area

    59 Total Sales

    Tariq Suboh
    Section Image
  • Farris Gosea

    Seller Co-Listing Agent in 2024

    Farris Gosea

    Ellsbury Commercial Group LLC

    (219) 393-9177

    3 in this area

    67 Total Sales

    Farris Gosea
    Section Image
  • Christopher Mihajlovich

    Buyer's Agent in 2024

    Christopher Mihajlovich

    Haven Realty

    (708) 609-7189

    1 in this area

    115 Total Sales

    Christopher Mihajlovich
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 806794

Northwest Indiana Association of REALTORS®

APN: 45-12-16-203-021.000-030

Indiana Lake County Merrillville 46410 Turkey Creek

540 W 70th Place, Merrillville, IN

This home is located at 540 W 70th Place, Merrillville, IN 46410 since 12 July 2024 and is currently estimated at $434,500, approximately $161 per square foot. This property was built in 1965. 540 W 70th Place is a home located in Lake County with nearby schools including Homer Iddings Elementary School, Merrillville Intermediate School, and Pierce 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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