NOT LISTED FOR SALE

5574 Lahayne Rd Chesterton, IN 46304

Estimated Value: $385,000 - $471,000

6 Beds
5 Baths
2,560 Sq Ft
$162/Sq Ft Est. Value

Last Sold March 26, 2014

Last sale price $190,000 $74 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $2,763/month

293 Days on Market

Highlights

  • 0.86 Acre Lot
  • 8 Car Detached Garage
  • Hot Water Heating System
  • Liberty Elementary School Rated A-
  • Outdoor Storage
  • Laundry Facilities

About This Home

As of March 2014

Great Income Property! All Brick Ranch Style 5 Unit Building with BSMT & a 2 Car Detached Garage on .86 Acres. There are 4 1 bdrm units and 1 2 bdrm unit. Stove and Refrigerators in all units, Newer Boiler - Concrete Walks & Stoops, added insulation in attic, 2 unit used to be owner occupied and offers Hardwood Flooring, 6 panel doors, Ceramic in kitchen and bath + oak cabinets. New soffits and wide gutters & downspouts, new windows installed in September 2013. Garage is not leased & basement offers storage & coin operated washer/dryer.

Last Agent to Sell the Property

Kelly White

McColly Real Estate License #RB14007323 Listed on: 05/14/2013

McColly Real Estate

Last Buyer's Agent

Kelly White

McColly Real Estate License #RB14007323 Listed on: 05/14/2013

McColly Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,019

Year Built

  • Built in 1959

Lot Details

  • 0.86 Acre Lot
  • Fenced

Home Design

  • Brick Foundation

Interior Spaces

  • 2,560 Sq Ft Home
  • Elevator
  • Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 8 Car Detached Garage
  • Off-Street Parking

Outdoor Features

  • Outdoor Storage

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Well

Listing and Financial Details

  • Total Actual Rent $30,000
  • Rent includes electricity, gas, trash collection
  • Assessor Parcel Number 640609157003

Community Details

Pet Policy

  • Pets Allowed

Building Details

  • Insurance Expense $1,400
  • Maintenance Expense $625
  • Supplies Expense $35
  • Trash Expense $440
  • New Taxes Expense $4,045
  • Net Operating Income $22,305

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,019

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1959
  • ResoLaundryFeatures: Common Area
  • Income And Expenses Maintenance Expense: 625
  • Supplies Expense: 35
  • Co List Office Mls Id: NRA1241
  • Subdivision Name: None
  • Garage Yn: Yes
  • WaterExpense: 0.00
  • SewerExpense: 2424.00
  • NumberOfStores: 0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Elevator
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 6
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Storage
  • Fencing: Fenced
  • Acres: 0.86
  • Construction Type: Brick

Garage/Parking

  • Parking Features: Detached, Off Street
  • Total Parking Spaces: 8

Utilities

  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Cooling: None
  • Heating: Hot Water, Natural Gas, Unit Control
  • Water Source: Well

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Gas, Other, Trash Collection

Fee Information

  • Trash Expense: 440

Lot Info

  • Lot Dimensions: .86A
  • Lot Size Sq Ft: 37462
  • ResoLotSizeUnits: Acres
  • Parcel #: 640609157003
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 5
  • Insurance Expense: 1400
  • Total Actual Rent: 30000

Tax Info

  • New Taxes Expense: 4045

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2020
Sold by
Kokak Inc
Bought by
Fdtm Properties Llc
Current Estimated Value
$416,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2018
Sold by
Leaf Frederick J and Leaf Doris M
Bought by
Kokak Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.95%

Purchase Details

Listed on
May 14, 2013
Closed on
Mar 26, 2014
Sold by
Foster Mark F and Foster Denise M
Bought by
Leaf Frederick J and Leaf Doris M
Seller's Agent
Kelly White
McColly Real Estate
Buyer's Agent
Kelly White
McColly Real Estate
List Price
$190,000
Sold Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.99%
Original Mortgage
$170,000
Interest Rate
4.29%
Mortgage Type
New Conventional
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
Fdtm Properties Llc -- None Listed On Document
Kokak Inc $220,000 Greater Indiana Title Co
Leaf Frederick J -- Chicago Title Company Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fdtm Properties Llc $428,000
Previous Owner Kokak Inc $375,000
Previous Owner Leaf Frederick J $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2014 03/26/14 Sold $190,000 0.0% $74 / Sq Ft
02/24/2014 02/24/14 Pending -- -- --
05/14/2013 05/14/13 For Sale $190,000 -- $74 / 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 $7,019 $350,300 $34,400 $315,900
2023 $6,919 $311,900 $29,900 $282,000
2022 $7,213 $324,900 $29,900 $295,000
2021 $5,621 $248,700 $29,900 $218,800
2020 $5,164 $228,100 $29,900 $198,200
2019 $4,986 $220,100 $29,900 $190,200
2018 $4,766 $210,200 $29,900 $180,300
2017 $4,922 $217,200 $29,900 $187,300
2016 $4,942 $218,100 $30,100 $188,000
2014 $4,604 $202,900 $28,200 $174,700
2013 -- $193,100 $28,800 $164,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 328378

Northwest Indiana Association of REALTORS®

APN: 64-06-09-157-003.000-007