NOT LISTED FOR SALE

615 Colfax Ave Michigan City, IN 46360

Estimated Value: $1,096,000 - $1,593,463

4 Beds
7 Baths
4,990 Sq Ft
$256/Sq Ft Est. Value

Last Sold August 07, 2020

Last sale price $804,500 $161 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $8,242/month

53 Days on Market

Highlights

  • Lake Front
  • Deck
  • No HOA
  • Lake Privileges
  • Great Room with Fireplace
  • Covered Patio or Porch

About This Home

As of August 2020

Lake front home in Sheridan Beach! The minute you pull up to the front of this home you smell the fresh air and hear the waves. Location is so calming, quiet and away from the noise of big cities- water is your back yard! So much to enjoy, this home boasts 4 bedrooms, 4 full bathrooms and 2 half bathrooms, with extra rooms in the walk out basement that can be used as extra sleeping areas. After a fun day on the beach, you can go back and gather around the two fireplaces in the living room and family room, or you can hang out on the roomy deck to enjoy the sunset. NEW roof was installed 2/2020 along with New gutters and downspouts, updated bathroom and so many more updates. If you are looking for a beach home to enjoy and make money, this is the perfect home for you- live in one side and rent the other side, weekly or monthly. There are two boilers, 2 water heaters and the home is set up for two meters. Very easy to switch back to two homes. Schedule a viewing today!

Last Agent to Sell the Property

Zakaria Elhidaoui

Coldwell Banker Real Estate Gr License #RB14051459 Listed on: 06/06/2020

Coldwell Banker Real Estate Gr

Last Buyer's Agent

Randy Novak

Century 21 Circle License #RB14025657

Century 21 Circle

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,703

Year Built

  • Built in 1941

Lot Details

  • 10,350 Sq Ft Lot
  • Lot Dimensions are 46 x 225
  • Lake Front
  • Fenced
  • Landscaped

Interior Spaces

  • 1-Story Property
  • Skylights
  • Great Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Recreation Room with Fireplace
  • Lake Views
  • Home Security System
  • Dryer
  • Basement

Kitchen

  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Lake Privileges
  • Deck
  • Covered Patio or Porch

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Sheridan Bch 4Th Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 460121306006000022

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,703

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1941
  • Reso Property Sub Type: Single Family Residence
  • Road Frontage Type: Lakefront, Waterfront
  • ResoLotFeatures: Landscaped, Other, Paved
  • Road Surface Type: Paved
  • Reso View: Lake
  • ResoSecurityFeatures: Security System
  • Co List Office Mls Id: NRA920
  • Subdivision Name: Sheridan Bch 4th Add
  • Above Grade Finished Sq Ft: 2496
  • Architectural Style: Bungalow
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoWindowFeatures: Skylight(s)
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Gas Range, Microwave, Range Hood, Refrigerator
  • Interior Amenities: Primary Downstairs, Sauna
  • Basement: Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 4
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 2494
  • Fireplace Features: Great Room, Living Room, Recreation Room
  • Fireplaces: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Lighting
  • Fencing: Fenced
  • Acres: 0.2376
  • Waterfront Features: Lake Front, Lake Privileges
  • Construction Type: Aluminum Siding
  • Patio And Porch Features: Covered, Deck, Patio, Porch

Garage/Parking

  • Parking Features: None

Utilities

  • Utilities: Cable Available
  • Heating: Hot Water, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 46 x 225
  • Lot Size Sq Ft: 10350
  • Parcel #: 460121306006000022

Tax Info

  • Year: 2018
  • Tax Annual Amount: 7703

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2020
Closed on
Sep 29, 2020
Sold by
Rerko Michael A and Rerko Lindsay D
Bought by
Rerko Trust
Seller's Agent
Zakaria Elhidaoui
Coldwell Banker Real Estate Gr
Buyer's Agent
Randy Novak
Century 21 Circle
List Price
$804,500
Sold Price
$804,500
Current Estimated Value
$1,276,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$471,988
Avg. Annual Appreciation
8.45%
Original Mortgage
$562,800
Outstanding Balance
$501,711
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$712,185

Purchase Details

Listed on
Jun 6, 2020
Closed on
Aug 6, 2020
Sold by
Rowley Mary Beth and Wornock Fred T
Bought by
Rerko Michael A and Rerko Lindsay D
Seller's Agent
Zakaria Elhidaoui
Coldwell Banker Real Estate Gr
Buyer's Agent
Randy Novak
Century 21 Circle
List Price
$804,500
Sold Price
$804,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,800
Outstanding Balance
$501,711
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$712,185
Source: Public Records

Range of Values:

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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
Rerko Trust -- None Available
Rerko Michael A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rerko Trust $562,800
Closed Rerko Michael A $562,800
Previous Owner Wornock Fred T $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2020 08/07/20 Sold $804,500 0.0% $161 / Sq Ft
07/29/2020 07/29/20 Pending -- -- --
06/06/2020 06/06/20 For Sale $804,500 -- $161 / 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 $15,594 $772,500 $460,000 $312,500
2023 $15,450 $772,500 $460,000 $312,500
2022 $14,730 $765,900 $460,000 $305,900
2021 $14,730 $736,500 $460,000 $276,500
2020 $7,107 $736,500 $460,000 $276,500
2019 $7,203 $710,700 $460,000 $250,700
2018 $7,703 $1,028,100 $756,000 $272,100
2017 $6,577 $643,300 $310,000 $333,300
2016 $6,704 $656,000 $310,000 $346,000
2014 $7,864 $913,300 $601,100 $312,200
Source: Public Records

Agents Affiliated with this Home

  • Zakaria Elhidaoui

    Seller's Agent in 2020

    Zakaria Elhidaoui

    Coldwell Banker Real Estate Gr

    (219) 448-1052

    49 Total Sales

    Zakaria Elhidaoui
    Section Image
  • Randy Novak

    Buyer's Agent in 2020

    Randy Novak

    Century 21 Circle

    (219) 877-7069

    119 Total Sales

    Randy Novak
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 475553

Northwest Indiana Association of REALTORS®

APN: 46-01-21-306-006.000-022

Indiana La Porte County Michigan City 46360

615 Colfax Ave, Michigan City, IN

This home is located at 615 Colfax Ave, Michigan City, IN 46360 since 06 June 2020 and is currently estimated at $1,276,488, approximately $255 per square foot. This property was built in 1941. 615 Colfax Ave is a home located in LaPorte County with nearby schools including Lake Hills Elementary School, Martin T. Krueger Middle School, and Michigan City 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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