NOT LISTED FOR SALE

5487 Independence Ave Portage, IN 46368

Estimated Value: $198,000 - $225,000

4 Beds
2 Baths
1,568 Sq Ft
$136/Sq Ft Est. Value

Last Sold October 14, 2020

Last sale price $144,000 $92 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $1,361/month

10 Days on Market

About This Home

As of October 2020

What an opportunity! Solid duplex located in sought after Portage! Currently, one unit vacant providing the chance for an owner/occupant to live in one side and have the tenant pay your mortgage. Or would be the perfect investment property with the one unit renting at $695/month and on a year lease. Off-street parking, generous yard size and spacious units make this a highly desirable property. Each unit features two bedrooms, one bathroom, over 780 square feet and washer/dryer hook-ups in each unit. Act TODAY before this opportunity is gone!

Last Agent to Sell the Property

Geoffrey Cardwell

McColly Real Estate License #RB17002059 Listed on: 09/04/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,967

Year Built

  • Built in 1977

Lot Details

  • 10,800 Sq Ft Lot

Home Design

  • 1,568 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Open Parking Spaces
  • Driveway
  • Off-Street Parking

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 640515434010000016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,967

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1977
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Laundry
  • Co List Office Mls Id: GNR102
  • Subdivision Name: None
  • GNR_TotalBathrooms: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • GNR_ParkingSurface: Concrete
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Acres: 0.2479

Garage/Parking

  • Open Parking Spaces: 2
  • Parking Features: Off Street

Lot Info

  • Lot Size Sq Ft: 10800
  • Parcel #: 640515434010000016

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1967

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Oct 14, 2020
Sold by
Golden Terrence A
Bought by
Tawil Noah
Seller's Agent
Geoffrey Cardwell
McColly Real Estate
List Price
$144,000
Sold Price
$144,000
Current Estimated Value
$213,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,485
Avg. Annual Appreciation
8.26%
Original Mortgage
$141,235
Outstanding Balance
$125,621
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$87,864
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
Tawil Noah $144,000 Community Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tawil Noah $141,235
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2020 10/14/20 Sold $144,000 0.0% $92 / Sq Ft
09/14/2020 09/14/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $144,000 -- $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 $2,688 $201,300 $32,200 $169,100
2023 $1,639 $194,700 $30,700 $164,000
2022 $1,639 $125,700 $30,700 $95,000
2021 $1,557 $116,700 $30,700 $86,000
2020 $1,284 $95,700 $28,000 $67,700
2019 $1,967 $95,700 $28,000 $67,700
2018 $1,901 $92,300 $28,000 $64,300
2017 $1,899 $92,400 $28,000 $64,400
2016 $1,660 $81,000 $25,100 $55,900
2014 $1,656 $80,800 $25,200 $55,600
2013 -- $76,400 $25,200 $51,200
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2020

    Geoffrey Cardwell

    McColly Real Estate

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR481104

Northwest Indiana Association of REALTORS®

APN: 64-05-15-434-010.000-016

Indiana Porter County Portage 46368

5487 Independence Ave, Portage, IN

This home is located at 5487 Independence Ave, Portage, IN 46368 since 04 September 2020 and is currently estimated at $213,485, approximately $136 per square foot. This property was built in 1977. 5487 Independence Ave is a home located in Porter County with nearby schools including Wallace Aylesworth Elementary, William Fegely Middle School, and Portage 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.

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