NOT LISTED FOR SALE

705 Institute St Valparaiso, IN 46383

Estimated Value: $272,268 - $306,000

3 Beds
2 Baths
1,757 Sq Ft
$163/Sq Ft Est. Value

Last Sold October 30, 2023

Last sale price $255,000 $145 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,711/month

62 Days on Market

Highlights

  • Spa
  • Deck
  • No HOA
  • Central Elementary School Rated A
  • Corner Lot
  • Formal Dining Room

About This Home

As of October 2023

This historical gem is finally on the market! A two story Victorian, with a modern twist, is waiting for you to take a tour to appreciate all it's glory. Come check out the crown molding, high ceilings, built in bookcase and original hardwood floor in all three bedrooms and formal dining room. Two full bathrooms, one located on the main floor, with access into the main floor bedroom. The second upstairs with his and her sinks with two large closets. Newer electrical, and modern kitchen. Basement is a tall, clean, painted cellar, but don't worry laundry is located on the main floor. Can't get enough of the house? Admire all the outdoor perks on the property as well. Where can you find two city lots, a few blocks away from downtown Valparaiso? Look no further, because this HUGE, corner lot has it. Enjoy the decked in hot tub, and a partially fenced in yard with a privacy fence with plenty more yard to spare!

Last Agent to Sell the Property

Cynthia Reyes

Key Realty Indiana, LLC Brokerage Phone: 219-398-8642 License #RB20002184 Listed on: 08/01/2023

Key Realty Indiana, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,194

Year Built

  • Built in 1895

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 132x83
  • Fenced
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,757 Sq Ft Home
  • 2-Story Property
  • Formal Dining Room
  • Basement
  • Basement Cellar

Kitchen

  • Portable Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Deck

Schools

  • Benjamin Franklin Middle School
  • Valparaiso High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 640924262007000004

Community Details

Overview

  • No Home Owners Association
  • 1St Add North Valpo Subdivision

Building Details

  • Net Lease

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,194

Year Built

Built in 1895

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1895
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Corner Lot, Sidewalks
  • ResoOtherEquipment: None
  • Co List Office Mls Id: GNR1939
  • Co List Office Mls Id: GNR1939
  • Subdivision Name: 1st Add North Valpo
  • Architectural Style: Two Story
  • GNR_Exterior: Vinyl
  • GNR_UnfinishedSquareFootage: 871
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: Yes
  • GNR_Well: No
  • GNR_TotalBathrooms: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_RealEstateOwnedYN: false
  • GNR_SewerYN: true
  • GNR_ShortSaleYN: false
  • Attribution Contact: 219-398-8642
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Portable Gas Range, Microwave, Refrigerator, Washer
  • Interior Amenities: Formal Dining, Main Floor Bathroom, Main Floor Laundry
  • Basement: Cellar
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Deck, Fence, Hot Tub
  • Acres: 0.252

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached

Utilities

  • Cooling Y N: Yes
  • Heating: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Benjamin Franklin Middle School

Lot Info

  • Lot Dimensions: 132x83
  • Lot Size Sq Ft: 10977
  • Parcel #: 640924262007000004

Tax Info

  • Year: 2022
  • Tax Annual Amount: 2194

Multi Family

  • Existing Lease Type: Net

MLS Schools

  • HighSchool: Valparaiso High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Oct 25, 2023
Sold by
Bushman Robert W and Bushman Michele L
Bought by
Brummett Walker
Seller's Agent
Cynthia Reyes
Key Realty Indiana, LLC
List Price
$310,000
Sold Price
$255,000
Premium/Discount to List
-$55,000
-17.74%
Views
264
Current Estimated Value
$286,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,067
Avg. Annual Appreciation
6.14%
Original Mortgage
$247,350
Outstanding Balance
$242,541
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$43,526

Purchase Details

Closed on
Jan 20, 2011
Sold by
Fritz Deborah G
Bought by
Bushman Robert W and Bushman Michele L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,947
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 28, 2010
Sold by
Fannie Mae
Bought by
Fritz Deborah G

Purchase Details

Closed on
Mar 31, 2010
Sold by
Popovich Colette M and Popovich Todd J
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 18, 2005
Sold by
Landamerica Onestop Inc Trust
Bought by
Popovich Todd J and Popovich Colette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,500
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 6, 2005
Sold by
Cole Cyril Matthew and Bird Cole Rebecca J
Bought by
Landamerica Onestop Inc Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,500
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac
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
Brummett Walker -- Liberty Title
Bushman Robert W -- Fidelity Natl Title Ins Co
Fritz Deborah G -- Statewide Title Company Inc
Federal National Mortgage Association -- None Available
Popovich Todd J -- Northwest Indiana Title Serv
Landamerica Onestop Inc Trust -- Northwest Indiana Title Serv
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brummett Walker $247,350
Previous Owner Bushman Robert W $151,947
Previous Owner Popovich Todd J $140,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2023 10/30/23 Sold $255,000 0.0% $145 / Sq Ft
10/02/2023 10/02/23 Pending -- -- --
09/27/2023 09/27/23 Price Changed $255,000 -5.6% $145 / Sq Ft
09/20/2023 09/20/23 Price Changed $270,000 -3.5% $154 / Sq Ft
09/11/2023 09/11/23 Price Changed $279,900 +3.3% $159 / Sq Ft
09/11/2023 09/11/23 Price Changed $270,900 -12.6% $154 / Sq Ft
08/01/2023 08/01/23 For Sale $310,000 -- $176 / 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 $2,253 $230,200 $52,300 $177,900
2023 $2,214 $204,200 $45,700 $158,500
2022 $2,214 $188,800 $45,700 $143,100
2021 $2,085 $170,100 $45,700 $124,400
2020 $1,863 $154,800 $41,500 $113,300
2019 $1,761 $145,900 $41,500 $104,400
2018 $1,633 $139,100 $41,500 $97,600
2017 $1,557 $137,100 $41,500 $95,600
2016 $1,478 $136,200 $49,600 $86,600
2014 $1,317 $129,700 $46,900 $82,800
2013 -- $124,100 $47,200 $76,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR534490

Northwest Indiana Association of REALTORS®

APN: 64-09-24-262-007.000-004