7316 W 140th Place Cedar Lake, IN 46303
Estimated payment $1,690/month
Total Views
28,174
8
Beds
--
Bath
3,240
Sq Ft
$85
Price per Sq Ft
Highlights
- Popular Property
- No HOA
- Forced Air Heating and Cooling System
- Douglas MacArthur Elementary School Rated A
- Outdoor Storage
- Dining Room
About This Home
Investor's Dream in Cedar Lake, Indiana - A True Blank Canvas with Major Upgrades Already Done!Welcome to this fantastic opportunity in the heart of Cedar Lake! Whether you're an investor, looking for a cozy weekend retreat, a potential Airbnb rental, or even a future permanent residence, this home offers incredible flexibility and value.This property is a genuine blank canvas -- the interior has been stripped down to the studs, giving you a rare chance to customize every detail exactly to your taste. The best part? Many of the costly, foundational upgrades have already been completed, making your renovation project smoother and more affordable. You'll find a brand-new roof and half of the new siding installed (the seller will leave the remaining green siding for you to finish), all-new electrical wiring, two brand-new air conditioning units, fresh ductwork, energy-efficient new windows, and stylish new front and sliding back doors.The former garage has been converted into additional bedrooms, but if you prefer, it can easily be reframed back into a garage -- giving you great versatility depending on your needs.Located within the award-winning Crown Point School District, this home combines the charm of small-town Cedar Lake living with top-tier education options, making it an excellent investment for families or rental property seekers.Please note, this property requires cash financing, making it ideal for investors or buyers ready to jump into a rewarding renovation.Don't miss out on this unique chance to shape your dream home or income property in a wonderful community. Schedule your showing today and imagine all the possibilities!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,767
Year Built
- Built in 1957
Interior Spaces
- 8 Bedrooms
- 3,240 Sq Ft Home
- 2-Story Property
- Dining Room
Schools
- Douglas Macarthur Elementary Sch
- Colonel John Wheeler Middle School
- Crown Point High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Well
Additional Features
- Outdoor Storage
- 0.43 Acre Lot
Community Details
- No Home Owners Association
- C N Straights Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 451526378028000043
Map
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Home Values in the Area
Average Home Value in this Area
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 | $938 | $33,700 | $33,700 | -- |
| 2023 | $793 | $33,700 | $33,700 | -- |
| 2022 | $823 | $33,700 | $33,700 | $0 |
| 2021 | $723 | $33,700 | $33,700 | $0 |
| 2020 | $2,310 | $209,700 | $46,300 | $163,400 |
| 2019 | $2,865 | $201,600 | $46,300 | $155,300 |
| 2018 | $3,356 | $195,800 | $46,300 | $149,500 |
| 2017 | $2,255 | $187,600 | $46,300 | $141,300 |
| 2016 | $2,728 | $156,300 | $21,100 | $135,200 |
| 2014 | $1,643 | $153,500 | $21,100 | $132,400 |
| 2013 | $1,822 | $161,600 | $21,100 | $140,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/18/2025 05/18/25 | For Sale | $275,000 | +103.7% | $85 / Sq Ft |
| 11/18/2022 11/18/22 | Sold | $135,000 | +0.1% | $55 / Sq Ft |
| 10/05/2022 10/05/22 | Pending | -- | -- | -- |
| 09/16/2022 09/16/22 | For Sale | $134,900 | -- | $55 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Community Title | |
| Special Warranty Deed | -- | None Available | |
| Sheriffs Deed | $200,700 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $32,500 | Unknown | |
| Previous Owner | $172,700 | Fannie Mae Freddie Mac | |
| Previous Owner | $135,000 | Credit Line Revolving | |
| Previous Owner | $34,370 | Fannie Mae Freddie Mac |
Source: Public Records
About the Listing Agent
My dedication to clients is unwavering, and I take immense pride in being recognized as a top-rated Pro, earning a consistent 5-star reputation within our community. I eagerly anticipate the opportunity to serve you with the same dedication, care, and expertise. Your story matters, and I'm genuinely excited to get to know you and support you on your unique journey.
20+ Years of Northwest Indiana Real Estate Experience
Jason's Other Listings
Source: Northwest Indiana Association of REALTORS®
MLS Number: 820979
APN: 45-15-26-378-018.000-043
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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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