NOT LISTED FOR SALE

816 W 11th St Michigan City, IN 46360

Estimated Value: $133,000 - $213,000

3 Beds
2 Baths
1,966 Sq Ft
$87/Sq Ft Est. Value

Last Sold November 06, 2017

Last sale price $31,000 $16 Per Sq Ft

Est. 450% increase in value since last sale

Current estimated payment $1,052/month

48 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Fenced
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of November 2017

Charming 2 flat house is an investors dream! Currently setup as a 2 flat rental, with a 2 bedroom (plus office) on the lower level and a 1 bedroom on the upper level. Both levels are very spacious, the lower level boasts a formal dining room and large laundry room as well. Large 2 car garage in addition to off street parking. Most windows are newer vinyl windows. Upper level just renovated with new carpeting. New Water Heater, Furnace, and Electric. Lower unit needs new carpet or original hardwood floors refinished. Great location, just blocks away from the booming downtown art district and lighthouse mall. Ready to produce income immediately, don't let this opportunity pass you by.

Last Agent to Sell the Property

Vince Kisala

Coldwell Banker Real Estate Gr License #RB14049608 Listed on: 09/08/2017

Coldwell Banker Real Estate Gr

Last Buyer's Agent

Karen Pavy

@properties/Christie's Intl RE License #RB14038673

@properties/Christie's Intl RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,724

Year Built

  • Built in 1885

Lot Details

  • 5,247 Sq Ft Lot
  • Lot Dimensions are 53x99
  • Fenced

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 1,966 Sq Ft Home
  • Elevator
  • Laundry in unit
  • Basement

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

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

Listing and Financial Details

  • Total Actual Rent $10,200
  • Tenant pays for electricity, gas, sewer, water
  • Rent includes water
  • Assessor Parcel Number 460132134001000022

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,000
  • New Taxes Expense $952
  • Net Operating Income $7,248

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,724

Year Built

Built in 1885

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1885
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: In Unit, Other
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA920
  • Subdivision Name: None
  • Garage Yn: Yes
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Elevator
  • Basement: Full
  • Flooring: Carpet, Hardwood
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Fencing: Fenced
  • Acres: 0.1205
  • Construction Type: Asphalt
  • Patio And Porch Features: Porch

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached
  • Total Parking Spaces: 2

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Water

Schools

  • Junior High Dist: Michigan City

Lot Info

  • Lot Dimensions: 53x99
  • Lot Size Sq Ft: 5247
  • Parcel #: 460132134001000022

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: Electricity, Gas, Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Total Actual Rent: 10200

Tax Info

  • New Taxes Expense: 952

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2018
Sold by
Almanza Susan K
Bought by
Graham Cindee S and Graham Cindee
Current Estimated Value
$170,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Outstanding Balance
$41,945
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$116,772

Purchase Details

Closed on
Jan 16, 2018
Sold by
Almanza Susan and Almanza Susan K
Bought by
Graham Cindee

Purchase Details

Listed on
Sep 8, 2017
Closed on
Nov 6, 2017
Sold by
Brandstetter Susan C and Brandstetter Ericka E
Bought by
Almanza Susan K
Seller's Agent
Vince Kisala
Coldwell Banker Real Estate Gr
Buyer's Agent
Karen Pavy
@properties/Christie's Intl RE
List Price
$31,000
Sold Price
$31,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.13%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Graham Cindee S -- None Available
Graham Cindee $60,000 None Available
Almanza Susan K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graham Cindy S $13,200
Open Graham Cindee S $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2017 11/06/17 Sold $31,000 0.0% $16 / Sq Ft
10/07/2017 10/07/17 Pending -- -- --
09/08/2017 09/08/17 For Sale $31,000 -- $16 / 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 $1,724 $122,200 $11,000 $111,200
2023 $1,652 $121,900 $11,000 $110,900
2022 $1,267 $99,300 $11,000 $88,300
2021 $1,420 $100,900 $11,000 $89,900
2020 $1,037 $100,900 $11,000 $89,900
2019 $939 $65,500 $11,000 $54,500
2018 $913 $62,700 $11,000 $51,700
2017 $940 $44,600 $4,800 $39,800
2016 $970 $46,100 $4,800 $41,300
2014 $1,036 $51,800 $4,800 $47,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 422059

Northwest Indiana Association of REALTORS®

APN: 46-01-32-134-001.000-022