Seller's Agent in 2020
Nathan Reeder
Reeder Companies
(219) 989-4049
2 in this area
31 Total Sales
7654 Whitcomb St Merrillville, IN 46410
West Merrillville Neighborhood
8
Beds
8
Baths
5,072
Sq Ft
0.41
Acres
Highlights
- Deck
- Patio
- Carpet
- 4 Car Detached Garage
- Forced Air Heating and Cooling System
About This Home
As of November 2020Whitcomb Street four-plex with one unit ready for renovation and max market rent! Four two bedroom 1.5 bath town homes each with private patio and a garage. Recent capital improvements include a brand new, complete tear off, flat AND mansard roof on building and garage. Excellent opportunity to add a solid property to your portfolio or live in one unit while your neighbors pay your mortgage! Each unit pays their own utilities, owner provides lawn, snow and trash service. Each unit is well below market rent and property is priced at recent appraised value. Two long term tenants on month to month lease and one under lease through February. Recent appraisal (June 2020) shows rent comps much higher than 2019 totals. Plenty of room to increase cash flow with simple cosmetic upgrades. See photos for appraisal rent comparison and valuation. One vacant unit will be shown and three tenant occupied homes will be available with an accepted offer. This is the one you've waited for all summer!
Last Agent to Sell the Property
Reeder Companies License #RB14034744 Listed on: 09/11/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,687
Year Built
- Built in 1979
Lot Details
- 0.41 Acre Lot
- Lot Dimensions are 100x179
Parking
- 4 Car Detached Garage
- Off-Street Parking
Home Design
- Brick Foundation
Interior Spaces
- 5,072 Sq Ft Home
- Elevator
- Dishwasher
- Laundry in unit
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
Outdoor Features
- Deck
- Patio
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $34,140
- Tenant pays for electricity, gas, sewer, water
- Rent includes trash collection
- Assessor Parcel Number 451218379028000030
Community Details
Overview
- 4 Units
- Crescant Lake Subdivision
Building Details
- Insurance Expense $1,200
- Trash Expense $800
- New Taxes Expense $5,461
- Net Operating Income $18,179
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 11, 2020
Closed on
Nov 16, 2020
Sold by
Ann Riga Deborah
Bought by
Meredith Christopher L
Seller's Agent
Nathan Reeder
Reeder Companies
Buyer's Agent
Nicole Milford
Compass Indiana, LLC
List Price
$272,500
Sold Price
$272,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,375
Outstanding Balance
$181,865
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 11, 2020
Closed on
Nov 9, 2020
Sold by
Gardner Deborah Ann and Riga Deborah Ann
Bought by
Meredith Christopher L
Seller's Agent
Nathan Reeder
Reeder Companies
Buyer's Agent
Nicole Milford
Compass Indiana, LLC
List Price
$272,500
Sold Price
$272,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,375
Outstanding Balance
$181,865
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 11, 2020
Closed on
Oct 27, 2020
Sold by
Riga Deborah Ann and Gardner Deborah Ann
Bought by
Meredith Christopher L
Seller's Agent
Nathan Reeder
Reeder Companies
Buyer's Agent
Nicole Milford
Compass Indiana, LLC
List Price
$272,500
Sold Price
$272,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,375
Outstanding Balance
$181,865
Interest Rate
2.8%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Meredith Christopher L | -- | Meridian Title | |
| Meredith Christopher L | -- | Meridian Title | |
| Meredith Christopher L | -- | Meridian Title Corp |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Meredith Christopher L | $204,375 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/03/2020 11/03/20 | Sold | $272,500 | 0.0% | $54 / Sq Ft |
| 10/04/2020 10/04/20 | Pending | -- | -- | -- |
| 09/11/2020 09/11/20 | For Sale | $272,500 | -- | $54 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Tax History Compared to Growth
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 | $6,687 | $286,900 | $76,800 | $210,100 |
| 2023 | $5,206 | $285,400 | $76,800 | $208,600 |
| 2022 | $5,206 | $260,300 | $76,800 | $183,500 |
| 2021 | $4,906 | $245,300 | $76,800 | $168,500 |
| 2020 | $4,684 | $234,200 | $42,700 | $191,500 |
| 2019 | $5,461 | $225,500 | $42,700 | $182,800 |
| 2018 | $5,671 | $220,100 | $42,700 | $177,400 |
| 2017 | $5,722 | $222,200 | $42,700 | $179,500 |
| 2016 | $4,644 | $224,700 | $42,700 | $182,000 |
| 2014 | $5,004 | $235,500 | $42,800 | $192,700 |
| 2013 | $5,221 | $235,700 | $42,800 | $192,900 |
Source: Public Records
Agents Affiliated with this Home
-
Nathan Reeder
-
Nicole Milford
Buyer's Agent in 2020
Nicole Milford
Compass Indiana, LLC
(630) 251-0382
7 in this area
465 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 481450
APN: 45-12-18-379-028.000-030
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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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