$225,000
SOLD OCT 10, 2016

8501 W 131st Ave Cedar Lake, IN 46303

4 Beds
2 Baths
1,930 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$117 Per Sq Ft

129 Days on Market

Highlights

  • Boathouse
  • 2 Car Attached Garage
  • Cooling Available
  • Lake Front
  • In-Law or Guest Suite
  • 4-minute walk to Potawatomi Park

About This Home

As of September 2022

HUGE PRICE REDUCTION!!!Enjoy Waterfront Living in this 4 bedroom, 1.75 bathroom, 2300 square foot 2 story home with beautiful water views. The generous sized dining room with extra large windows allows for great water views and is perfect for entertaining.Accommodate your friends and guest with the related living quarters that hosts an additional kitchen, living room, bedroom and bathroom in the lower level. This home provides a 2 car attached garage along with apx 5-6 additional parking spaces.Only 55 miles from downtown Chicago. Make this your summer getaway home or your year round oasis.

Last Agent to Sell the Property

Michelle Hurckes

Century 21 Circle License #RB14040043 Listed on: 04/25/2016

Century 21 Circle

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,247

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 80 x 101
  • Lake Front
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,930 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Sump Pump
  • Portable Gas Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • In-Law or Guest Suite

Outdoor Features

  • Boathouse
  • Storage Shed

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,247

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1925
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Lake Front, Nearly Level, Paved Road
  • ResoOtherEquipment: Sump Pump, Other
  • Co List Office Mls Id: GNR1572
  • Co List Office Mls Id: GNR1572
  • Subdivision Name: Meyer Manor 03
  • Architectural Style: Two Story
  • GNR_Exterior: Vinyl,Wood
  • GNR_UnfinishedSquareFootage: 370
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: No
  • GNR_Well: Yes
  • GNR_TotalBathrooms: 1.75
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Portable Gas Range
  • Interior Amenities: Related Living
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Exterior Features: Boat House, Storage Shed

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached

Utilities

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

Schools

  • Junior High Dist: Hanover

Lot Info

  • Lot Dimensions: 80 x 101
  • Parcel #: 451522452045000014
  • Zoning Description: Residential

Tax Info

  • Year: 2015
  • Tax Annual Amount: 2247

Multi Family

  • Existing Lease Type: Net

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
List Price
$800,000
Sold Price
$800,000
Current Estimated Value
$688,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$111,337
Avg. Annual Appreciation
-1.90%
Original Mortgage
$560,000
Outstanding Balance
$545,714
Interest Rate
8%
Mortgage Type
New Conventional
Estimated Equity
$209,362

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
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 Type Sale Price Title Company
Warranty Deed -- Community Title
Trustee Deed -- Northwest Indiana Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $560,000 New Conventional
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

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 $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

    61 in this area

    443 Total Sales

    Lisa Grady
    Section Image
  • Michelle Hurckes

    Seller's Agent in 2016

    Michelle Hurckes

    Century 21 Circle

    (708) 983-8315

    2 in this area

    46 Total Sales

    Michelle Hurckes
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR392465

Northwest Indiana Association of REALTORS®

APN: 45-15-22-452-045.000-014

Indiana Lake County Cedar Lake 46303

8501 W 131st Ave, Cedar Lake, IN

This home is located at 8501 W 131st Ave, Cedar Lake, IN 46303 and is currently priced at $225,000, approximately $116 per square foot. This property was built in 1925. 8501 W 131st Ave is a home located in Lake County with nearby schools including Jane Ball Elementary School, Hanover Central Middle School, and Hanover Central High School.

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Northwest Indiana Association of REALTORS® 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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