8501 W 131st Ave Cedar Lake, IN 46303
Estimated Value: $739,000 - $860,250
3
Beds
2
Baths
2,450
Sq Ft
$328/Sq Ft
Est. Value
Highlights
- Docks
- Recreation Room
- Cathedral Ceiling
- Deck
- Ranch Style House
- 4-minute walk to Potawatomi Park
About This Home
As of September 2022LIVE LIKE YOU ARE ON VACATION ALL YEAR! GORGEOUS COMPLETELY RENOVATED FROM TOP TO BOTTOM! RAISED RANCH WITH FINISHED WALKOUT BASEMENT! DOUBLE LAKE LOT! 10 PARKING SPOTS WITH DRAIN! SMART SIDING! Gourmet Chefs kitchen on Main level showcasing Distressed Knoty Alder Cabinetry & Built ins- topped with Argentinean Granite & High End Appliances! Main level bathroom has sunken with Porcelain tile. 3 Beds & Owners suite boasts large closet with organizers! Hand made stairway leads to 2nd Lakeside Kitchen in walkout basement with entertaining space! Add. lower Bath has 36 x 48 Corian shower! Expansive Composite Deck off kitchen gives panoramic views! NEW 14 X 31 CONCRETE PATIO-14 X 14 PAVER LAKESIDE FIREPIT! Construction Grade Epoxy flooring, LED Lighting, New Jeld Wen Double Hung Windows, 9 Camera Security system, Pier, NEWER PARTIAL SEA WALL & MUCH MUCH MORE! 2016 RENOVATION BEGAN! PROPERTY HAS NEVER BEEN RENTED!
Last Agent to Sell the Property
McColly Real Estate License #RB14039656 Listed on: 08/04/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,497
Year Built
- Built in 1925
Lot Details
- 8,080 Sq Ft Lot
- Lot Dimensions are 80 x 101
- Fenced
- Sprinkler System
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Off-Street Parking
Home Design
- Ranch Style House
- Cement Siding
- Stone Exterior Construction
Interior Spaces
- 2,450 Sq Ft Home
- Wet Bar
- Cathedral Ceiling
- 1 Fireplace
- Living Room
- Dining Room
- Recreation Room
Kitchen
- Portable Gas Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- Bathroom on Main Level
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Docks
- Balcony
- Deck
- Patio
Utilities
- Cooling Available
- Forced Air Heating System
- Heating System Uses Natural Gas
- Well
Community Details
- Meyer Manor 03 Subdivision
- Net Lease
Listing and Financial Details
- Assessor Parcel Number 451522452045000014
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 4, 2022
Closed on
Sep 23, 2022
Sold by
John Burrink Robert and John Rita Kathleen
Bought by
Volek Richard M and Volek Marie H
Seller's Agent
Lisa Grady
McColly Real Estate
Buyer's Agent
Bill Port
Realty Executives Premier
List Price
$800,000
Sold Price
$800,000
Total Days on Market
3
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,813
Avg. Annual Appreciation
0.13%
Original Mortgage
$560,000
Outstanding Balance
$547,567
Interest Rate
8%
Mortgage Type
New Conventional
Estimated Equity
$255,246
Purchase Details
Listed on
Apr 25, 2016
Closed on
Oct 10, 2016
Sold by
Allan Roberta E and Torrence Living Trust
Bought by
Burrink Robert John and Burrink Kathleen Rita
Seller's Agent
Michelle Hurckes
Century 21 Circle
List Price
$225,000
Sold Price
$225,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.72%
Purchase Details
Closed on
Oct 31, 2007
Sold by
Torrence Joan F and Torrence Joan L
Bought by
Torrence Joan L and Torrence Living Trust
Similar Homes in Cedar Lake, IN
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 |
|---|---|---|---|
| Volek Richard M | -- | Community Title | |
| Burrink Robert John | -- | Northwest Indiana Title | |
| Torrence Joan L | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Volek Richard M | $560,000 | |
| Previous Owner | Burrink Robert John | $388,000 | |
| Previous Owner | Burrink Robert J | $393,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/23/2022 09/23/22 | Sold | $800,000 | 0.0% | $327 / Sq Ft |
| 08/07/2022 08/07/22 | Pending | -- | -- | -- |
| 08/04/2022 08/04/22 | For Sale | $800,000 | +255.6% | $327 / Sq Ft |
| 10/10/2016 10/10/16 | Sold | $225,000 | 0.0% | $117 / Sq Ft |
| 09/01/2016 09/01/16 | Pending | -- | -- | -- |
| 04/25/2016 04/25/16 | For Sale | $225,000 | -- | $117 / 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 | $21,030 | $792,300 | $144,000 | $648,300 |
| 2023 | $10,034 | $791,000 | $136,000 | $655,000 |
| 2022 | $10,034 | $421,500 | $136,000 | $285,500 |
| 2021 | $8,497 | $387,300 | $117,400 | $269,900 |
| 2020 | $8,376 | $364,200 | $117,400 | $246,800 |
| 2019 | $8,146 | $355,600 | $117,400 | $238,200 |
| 2018 | $5,913 | $240,900 | $112,000 | $128,900 |
| 2017 | $6,258 | $238,700 | $112,000 | $126,700 |
| 2016 | $2,332 | $216,300 | $112,000 | $104,300 |
| 2014 | $2,014 | $216,500 | $112,000 | $104,500 |
| 2013 | $2,004 | $208,500 | $112,000 | $96,500 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Grady
Seller's Agent in 2022
Lisa Grady
McColly Real Estate
(219) 308-6237
79 in this area
524 Total Sales
-
Bill Port
Buyer's Agent in 2022
Bill Port
Realty Executives
(219) 613-7527
9 in this area
159 Total Sales
-
Rachel Peers-Port
Buyer Co-Listing Agent in 2022
Rachel Peers-Port
Realty Executives
(219) 613-7520
10 in this area
183 Total Sales
-
Michelle Hurckes
Seller's Agent in 2016
Michelle Hurckes
Century 21 Circle
(708) 983-8315
5 in this area
59 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: GNR517480
APN: 45-15-22-452-045.000-014
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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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