8501 W 131st Ave Cedar Lake, IN 46303
4
Beds
2
Baths
1,930
Sq Ft
7,841
Sq Ft Lot
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 2022HUGE 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
Century 21 Circle License #RB14040043 Listed on: 04/25/2016
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
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
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
-$41,437
Avg. Annual Appreciation
-1.99%
Original Mortgage
$560,000
Outstanding Balance
$547,567
Interest Rate
8%
Mortgage Type
New Conventional
Estimated Equity
$207,509
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 | 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 | |
| Previous Owner | $388,000 | New Conventional | |
| Previous Owner | $393,750 | 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
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
-
Seller's Agent in 2022
Lisa Grady
McColly Real Estate
(219) 308-6237
74 in this area
530 Total Sales
-
Buyer's Agent in 2022
Bill Port
Realty Executives
(219) 613-7527
8 in this area
159 Total Sales
-
Buyer Co-Listing Agent in 2022
Rachel Peers-Port
Realty Executives
(219) 613-7520
8 in this area
171 Total Sales
-
Seller's Agent in 2016
Michelle Hurckes
Century 21 Circle
(708) 983-8315
4 in this area
58 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: GNR392465
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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