NOT LISTED FOR SALE

8588 N 500 W Michigan City, IN 46360

Estimated Value: $267,000 - $319,000

3 Beds
2 Baths
1,458 Sq Ft
$206/Sq Ft Est. Value

Last Sold May 29, 2019

Last sale price $105,000 $72 Per Sq Ft

Est. 187% increase in value since last sale

Current estimated payment $1,698/month

5 Days on Market

Highlights

  • 14.8 Acre Lot
  • Ranch Style House
  • Covered Deck
  • Heavily Wooded Lot
  • 2 Car Detached Garage
  • Tile Flooring

About This Home

As of May 2019

Take a look at this 3 bedroom 2 bathroom home located on almost 15 acres of land. Very, very private with 2 sheds and a large garage that is roughly 20' wide and 50' long. Call today to schedule your showing before this one is gone. At this price on almost 15 acres, you will NOT find a better deal!!

Last Agent to Sell the Property

Ryan Scott

Re/Max County Wide 1st Listed on: 04/05/2019

Last Buyer's Agent

Michelle Stenstrom

NonMember KBOR

NonMember KBOR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,154

Year Built

  • Built in 1977

Lot Details

  • 14.8 Acre Lot
  • Rural Setting
  • Level Lot
  • Irregular Lot
  • Heavily Wooded Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Poured Concrete
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,458 Sq Ft Home
  • Crawl Space

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Deck

Schools

  • Springfield Elementary School
  • Martin Krueger Middle School
  • Michigan City High School

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 46-02-19-200-020.000-062

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,154

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1977
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 65-02-19-200-020 PT S 1/2 SE 1/4 NE 1/4 S19 T38 R3. 14.80 A. ASSMT #99
  • Parcel Number ID: 46-02-19-200-020.000-062
  • Platted: Yes
  • Amenities: Deck Covered
  • Location: Rural
  • Special Features: 1028
  • Stories: 1

Interior Features

  • Total Sq Ft: 1458
  • Total Finished Sq Ft: 1458
  • Above Grade Finished Sq Ft: 1458
  • Basement Foundation: Crawl
  • Basement Material: Poured Concrete
  • Flooring: Tile, Vinyl
  • Bedroom 1: Dimensions: 12x13, On Level: Main
  • Bedroom 2: Dimensions: 12x10, On Level: Main
  • Bedroom 3: Dimensions: 10x10, On Level: Main
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 20x50
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Well Type: Private

Schools

  • Elementary School: Springfield

Lot Info

  • Lot Description: Heavily Wooded, Irregular, Level, 10-14.999
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 644688
  • Estimated Lot Size Acres: 14.8

Tax Info

  • Annual Taxes: 1154

MLS Schools

  • High School: Michigan City
  • Middle School: Martin Krueger
  • School District: Michigan City Area Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2019
Closed on
May 29, 2019
Sold by
Hud
Bought by
Werdin Bryon J and Werdin Rachel A
Seller's Agent
Ryan Scott
Re/Max County Wide 1st
Buyer's Agent
Michelle Stenstrom
NonMember KBOR
List Price
$70,000
Sold Price
$105,000
Premium/Discount to List
$35,000
50%
Current Estimated Value
$300,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,877
Avg. Annual Appreciation
17.64%
Original Mortgage
$99,750
Outstanding Balance
$87,705
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$213,172

Purchase Details

Closed on
Jan 22, 2019
Sold by
Wells Fargo Bank
Bought by
Hud

Purchase Details

Closed on
Nov 1, 2018
Sold by
La Porte County Sheriff
Bought by
Wells Fargo Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Werdin Bryon J -- Greater Indiana Title
Hud -- None Available
Wells Fargo Bank -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Werdin Bryon J $99,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2019 05/29/19 Sold $105,000 +50.0% $72 / Sq Ft
04/10/2019 04/10/19 Pending -- -- --
04/05/2019 04/05/19 For Sale $70,000 -- $48 / Sq Ft
Source: Indiana Regional MLS

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 $1,312 $158,900 $82,700 $76,200
2023 $1,240 $139,700 $61,100 $78,600
2022 $1,277 $139,200 $61,100 $78,100
2021 $1,224 $133,500 $61,100 $72,400
2020 $1,252 $133,500 $61,100 $72,400
2019 $1,357 $138,000 $50,900 $87,100
2018 $1,217 $131,200 $50,900 $80,300
2017 $1,154 $123,800 $50,900 $72,900
2016 $782 $104,600 $35,500 $69,100
2014 $1,012 $111,500 $47,300 $64,200
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Ryan Scott

    RE/MAX

  • Michelle Stenstrom

    Buyer's Agent in 2019

    Michelle Stenstrom

    NonMember KBOR

    (574) 269-6706

    285 Total Sales

    Michelle Stenstrom
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Map

Source: Indiana Regional MLS

MLS Number: 201912354

Indiana Regional MLS

APN: 46-02-19-200-020.000-062

Indiana La Porte County Michigan City 46360

8588 N 500 W, Michigan City, IN

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS 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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