NOT LISTED FOR SALE

7120-71 W 132nd Place Cedar Lake, IN 46303

Estimated Value: $137,429 - $193,000

2 Beds
1 Bath
734 Sq Ft
$224/Sq Ft Est. Value

Last Sold July 28, 2022

Last sale price $50,000 $68 Per Sq Ft

Est. 229% increase in value since last sale

Current estimated payment $1,076/month

4 Days on Market

Highlights

  • Lake View
  • Wooded Lot
  • No HOA
  • Douglas MacArthur Elementary School Rated A
  • Ranch Style House
  • Living Room

About This Home

As of July 2022

Calling all investors and rehabbers. This fixer upper needs a CASH buyer. AMAZING location across the street from Cedar Lake. This property is right by the well known Sandbar Grille, Dairy Belle, Sip Coffee House, colorful condominiums, and more! Zoned residential, but a total of 6 parcels/lots are included. The 4 wooded lots behind the home on W 131st Lane are included too. Lots of possibilities! Sold as is. Utilities are off.

Last Agent to Sell the Property

Amanda Klimczak

Realty Executives Premier License #RB14040620 Listed on: 07/06/2022

Realty Executives Premier

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • 0.34 Acre Lot
  • Wooded Lot

Home Design

  • Ranch Style House
  • Fixer Upper
  • Aluminum Siding

Interior Spaces

  • 734 Sq Ft Home
  • Living Room
  • Lake Views
  • Range Hood

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Schools

  • Crown Point High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • No Utilities
  • Well

Listing and Financial Details

  • Assessor Parcel Number 451523454023000043

Community Details

Overview

  • No Home Owners Association
  • Shades Add Subdivision

Building Details

  • Net Lease

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1925
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Gravel Road Access, Lake View, Wooded
  • ResoOtherEquipment: None
  • Co List Office Mls Id: GNR1830
  • Co List Office Mls Id: GNR1830
  • Subdivision Name: Shades Add
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Aluminum Siding
  • GNR_UnfinishedSquareFootage: 0
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: No
  • GNR_Well: Yes
  • GNR_TotalBathrooms: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_RealEstateOwnedYN: false
  • GNR_SewerYN: true
  • GNR_ShortSaleYN: false
  • GNR_MiscFeatures: Fixer Upper
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range Hood
  • Interior Amenities: Main Floor Bathroom, Main Floor Bedroom
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Exterior Features: None
  • Acres: 0.3381

Garage/Parking

  • Parking Features: None

Utilities

  • Utilities: Off
  • Cooling Y N: No
  • Heating: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Crown Point

Lot Info

  • Lot Dimensions: 49x100 and 98x100
  • Lot Size Sq Ft: 14728
  • Parcel #: 451523454023000043
  • Zoning Description: RES

Tax Info

  • Year: 2021
  • Tax Annual Amount: 1702

Multi Family

  • Existing Lease Type: Net

MLS Schools

  • HighSchool: Crown Point High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2023
Sold by
Rincon Diego A
Bought by
Alvarez Minerva
Current Estimated Value
$164,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,900
Outstanding Balance
$169,434
Interest Rate
6.39%
Mortgage Type
FHA
Estimated Equity
$2,155

Purchase Details

Closed on
May 23, 2023
Sold by
Rincon Diego A
Bought by
Alvarez Minerva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,900
Outstanding Balance
$169,434
Interest Rate
6.39%
Mortgage Type
FHA
Estimated Equity
$2,155

Purchase Details

Listed on
Jul 6, 2022
Closed on
Jul 25, 2022
Sold by
Kubal Gary Dean
Bought by
Rincon Diego A
Seller's Agent
Amanda Klimczak
Realty Executives Premier
List Price
$69,900
Sold Price
$50,000
Premium/Discount to List
-$19,900
-28.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.37%
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
Alvarez Minerva $189,900 Chicago Title
Alvarez Minerva -- Chicago Title
Rincon Diego A -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Minerva $173,900
Closed Alvarez Minerva $173,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2022 07/28/22 Sold $50,000 -28.5% $68 / Sq Ft
07/10/2022 07/10/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $69,900 -- $95 / 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 $2,451 $98,400 $16,400 $82,000
2023 $1,070 $88,100 $16,400 $71,700
2022 $1,070 $48,400 $16,400 $32,000
2021 $1,013 $47,200 $16,400 $30,800
2020 $1,014 $45,900 $16,400 $29,500
2019 $966 $43,700 $16,400 $27,300
2018 $1,030 $42,500 $16,400 $26,100
2017 $1,046 $41,700 $16,400 $25,300
2016 $1,090 $41,700 $16,400 $25,300
2014 $1,035 $42,700 $16,400 $26,300
2013 $1,026 $41,100 $16,400 $24,700
Source: Public Records

Agents Affiliated with this Home

  • Amanda Klimczak

    Seller's Agent in 2022

    Amanda Klimczak

    Realty Executives

    (219) 796-3874

    8 in this area

    84 Total Sales

    Amanda Klimczak
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR515700

Northwest Indiana Association of REALTORS®

APN: 45-15-23-454-023.000-043

Indiana Lake County Cedar Lake 46303

7120-71 W 132nd Place, Cedar Lake, IN

This home is located at 7120-71 W 132nd Place, Cedar Lake, IN 46303 since 06 July 2022 and is currently estimated at $164,357, approximately $223 per square foot. This property was built in 1925. 7120-71 W 132nd Place is a home located in Lake County with nearby schools including Douglas MacArthur Elementary School, Robert Taft Middle School, and Crown Point High School.

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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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