NOT LISTED FOR SALE

7255 N 525 W Michigan City, IN 46360

Estimated Value: $161,000 - $241,000

3 Beds
1 Bath
1,728 Sq Ft
$119/Sq Ft Est. Value

Last Sold July 14, 2023

Last sale price $130,000 $75 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $1,160/month

58 Days on Market

Highlights

  • Pond
  • Ranch Style House
  • Covered Patio or Porch
  • Recreation Room
  • 1 Fireplace
  • 2 Car Detached Garage

About This Home

As of July 2023

This ranch home sits on a 1.63 acre lot and is within a few short minutes to New Buffalo, I-94, and still only an hour to Chicago. The home needs work but could be a wonderful investment for the next owner. The home has 3 bedrooms and 1 full bathroom, 2 living room areas, a sizable kitchen and dining area with plenty of counter and cabinet space. The exterior possesses a detached garage, greenhouse, chicken coop, and other enclosures. There is a small retention pond on the property. With a little work, this property could be spectacular, schedule your closing today.

Last Agent to Sell the Property

Don Janes

Trueblood Real Estate, LLC License #RB14050683 Listed on: 05/08/2023

Trueblood Real Estate, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,025

Year Built

  • Built in 1970

Lot Details

  • 1.63 Acre Lot
  • Fenced
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Fixer Upper
  • Vinyl Siding

Interior Spaces

  • 1,728 Sq Ft Home
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Recreation Room
  • Portable Gas Range

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Pond
  • Covered Patio or Porch

Utilities

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

Community Details

  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 460230400018000062

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,025

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Acreage, Nearly Level, Paved Road, Pond(s)
  • ResoOtherEquipment: None
  • Co List Office Mls Id: GNR266
  • Co List Office Mls Id: GNR266
  • Subdivision Name: none
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Vinyl
  • GNR_UnfinishedSquareFootage: 0
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: Yes
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: No
  • GNR_Well: Yes
  • GNR_TotalBathrooms: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_RealEstateOwnedYN: false
  • GNR_SewerYN: false
  • GNR_ShortSaleYN: false
  • GNR_MiscFeatures: Fixer Upper
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Portable Gas Range, Refrigerator, Washer
  • Interior Amenities: Main Floor Bathroom, Main Floor Bedroom, Main Floor Laundry
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1

Exterior Features

  • Exterior Features: Porch-Covered, Fence
  • Acres: 1.63

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Utilities: Off
  • Cooling Y N: Yes
  • Heating: Natural Gas

Lot Info

  • Lot Dimensions: 1.63A
  • Lot Size Sq Ft: 71003
  • Parcel #: 460230400018000062

Tax Info

  • Year: 2021
  • Tax Annual Amount: 1025

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Jul 14, 2023
Sold by
Lindborg Michael and Lindborg Traci
Bought by
Melton Ian
Seller's Agent
Don Janes
Trueblood Real Estate, LLC
List Price
$169,900
Sold Price
$130,000
Premium/Discount to List
-$39,900
-23.48%
Current Estimated Value
$204,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,802
Avg. Annual Appreciation
21.04%

Purchase Details

Closed on
Sep 21, 2010
Sold by
Lindborg Michael
Bought by
Lindborg Michael and Lindborg Traci

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,255
Interest Rate
4.36%
Mortgage Type
New Conventional
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
Melton Ian $130,000 Community Title
Lindborg Michael -- Lawyers Title
Lindborg Michael -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lindborg Michael $74,255
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2023 07/14/23 Sold $130,000 -23.5% $75 / Sq Ft
07/05/2023 07/05/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $169,900 -- $98 / 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 $971 $130,500 $33,800 $96,700
2022 $880 $128,400 $33,800 $94,600
2021 $880 $121,200 $33,800 $87,400
2020 $900 $121,200 $33,800 $87,400
2019 $748 $106,200 $28,200 $78,000
2018 $683 $101,000 $28,200 $72,800
2017 $609 $93,500 $28,200 $65,300
2016 $532 $91,000 $23,200 $67,800
2014 $471 $84,600 $23,200 $61,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR530027

Northwest Indiana Association of REALTORS®

APN: 46-02-30-400-018.000-062