NOT LISTED FOR SALE

5545 Warnke Rd Michigan City, IN 46360

Estimated Value: $141,000 - $296,846

4 Beds
1 Bath
1,560 Sq Ft
$142/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $130,000 $83 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $1,244/month

2 Days on Market

Highlights

  • No HOA
  • 2 Car Detached Garage
  • 1-Story Property
  • Double Oven
  • Home Security System
  • Forced Air Heating and Cooling System

About This Home

As of May 2023

Investors here is your opportunity to invest in the bustling Michigan City housing market. This property is in need of a full rehab, however the 5.8 acre farm lot it sits on is not only valuable, but it also has a relatively low tax obligation. Located minutes away from the beach, major expressways, and across the street from the White Oak Farm Venue. Owner will not make any repairs or improvements. Property is being sold as is, in its current condition, no items will be removed. Seller says bring an offer!

Last Agent to Sell the Property

Larita Thomas

@properties/Christie's Intl RE License #RB18000650 Listed on: 05/23/2023

@properties/Christie's Intl RE

Last Buyer's Agent

Andrea Buttermore

Blackrock Real Estate Services License #RB15000589

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $890

Year Built

  • Built in 1952

Lot Details

  • 5.82 Acre Lot
  • Lot Dimensions are 320 x 790

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Home Security System
  • Basement

Kitchen

  • Double Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 460231126005000062

Home Details

Home Type

Single Family

Est. Annual Taxes

$890

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1952
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Open Lot
  • ResoSecurityFeatures: Security System
  • Co List Office Mls Id: NRA2041
  • Subdivision Name: No
  • Above Grade Finished Sq Ft: 1560
  • Architectural Style: Bungalow
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Attached Yn: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Electric Range, Dishwasher, Double Oven
  • Interior Amenities: None
  • Basement: Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: None
  • Acres: 5.819
  • Construction Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached, Garage Door Opener

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: 320 x 790
  • Lot Size Sq Ft: 253476
  • Parcel #: 460231126005000062

Tax Info

  • Year: 2022
  • Tax Annual Amount: 890

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2023
Closed on
May 31, 2023
Sold by
Region Home Buyers Llc
Bought by
White Oak Homestead Llc
Seller's Agent
Larita Thomas
@properties/Christie's Intl RE
Buyer's Agent
Andrea Buttermore
Blackrock Real Estate Services
List Price
$135,000
Sold Price
$130,000
Premium/Discount to List
-$5,000
-3.7%
Current Estimated Value
$221,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,712
Avg. Annual Appreciation
23.81%

Purchase Details

Listed on
May 23, 2023
Closed on
Apr 26, 2023
Sold by
Sheriff Of Laporte County
Bought by
Region Home Buyers Llc
Seller's Agent
Larita Thomas
@properties/Christie's Intl RE
Buyer's Agent
Andrea Buttermore
Blackrock Real Estate Services
List Price
$135,000
Sold Price
$130,000
Premium/Discount to List
-$5,000
-3.7%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
White Oak Homestead Llc -- Greater Indiana Title
Region Home Buyers Llc $110,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2023 05/31/23 Sold $130,000 -3.7% $83 / Sq Ft
05/25/2023 05/25/23 Pending -- -- --
05/23/2023 05/23/23 For Sale $135,000 -- $87 / 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 $872 $119,600 $37,000 $82,600
2022 $818 $116,500 $34,600 $81,900
2021 $742 $109,700 $33,900 $75,800
2020 $759 $109,700 $33,900 $75,800
2019 $791 $109,000 $29,800 $79,200
2018 $714 $102,800 $29,900 $72,900
2017 $654 $96,000 $30,600 $65,400
2016 $869 $119,800 $25,900 $93,900
2014 $905 $117,500 $26,100 $91,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 530830

Northwest Indiana Association of REALTORS®

APN: 46-02-31-126-005.000-062