NOT LISTED FOR SALE

8622 W 131st Place Cedar Lake, IN 46303

Estimated Value: $191,000 - $209,000

2 Beds
1 Bath
950 Sq Ft
$210/Sq Ft Est. Value

Last Sold January 09, 2024

Last sale price $188,000 $198 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,288/month

19 Days on Market

Highlights

  • Access To Lake
  • Corner Lot
  • Covered Patio or Porch
  • Ranch Style House
  • No HOA
  • 3-minute walk to Potawatomi Park

About This Home

As of January 2024

Cute as can be and move-in ready is what you will find with this property. Conveniently located, and newly renovated this home is sure to please. From the moment you enter, you will be amazed at the spacious feel of this modest home. The large eat-in kitchen boasts new cabinets and counter tops. The original hardwood flooring throughout the home represents the era in which it was built. Both of the ample sized bedrooms feature a massive amount of closet space! Exterior improvements of new siding, windows, and landscaping, make this property maintenance free for years to come. The oversized garage boasts plenty of storage with additional space for a workshop or hobby area. With a large corner lot, and lake access through the subdivision, this property provides the ideal setting for outdoor activities. Conveniently located near schools, shopping, and all major community amenities, this property checks all the boxes!

Last Agent to Sell the Property

Vicki Vicari

Impact Indiana Real Estate, LL Brokerage Phone: 219-689-7980 License #RB14051435 Listed on: 11/18/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,338

Year Built

  • Built in 1954

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 90x103
  • Landscaped
  • Corner Lot
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 2.5 Car Detached Garage

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 950 Sq Ft Home
  • Sump Pump

Kitchen

  • Country Kitchen
  • Portable Gas Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Access To Lake
  • Covered Patio or Porch

Schools

  • Jane Ball Elementary School
  • Hanover Central Middle School
  • Hanover Central High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well

Listing and Financial Details

  • Assessor Parcel Number 451522452049000014

Community Details

Overview

  • No Home Owners Association
  • Meyer Manor 3Rd Subdivision

Building Details

  • Net Lease

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,338

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1954
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Corner Lot, Lake Access, Landscaped, Nearly Level, Paved Road
  • ResoOtherEquipment: Sump Pump
  • Co List Office Mls Id: GNR1778
  • Subdivision Name: Meyer Manor 3rd
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Vinyl
  • GNR_UnfinishedSquareFootage: 0
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: No
  • GNR_Well: Yes
  • GNR_TotalBathrooms: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_RealEstateOwnedYN: false
  • GNR_SewerYN: true
  • GNR_ShortSaleYN: false
  • Attribution Contact: 219-689-7980
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Portable Gas Range, Microwave, Refrigerator
  • Interior Amenities: Country Kitchen
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Exterior Features: Porch-Covered
  • Acres: 0.25

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Detached

Utilities

  • Cooling Y N: Yes
  • Heating: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Hanover Central Middle School

Lot Info

  • Lot Dimensions: 90x103
  • Lot Size Sq Ft: 10890
  • Parcel #: 451522452049000014

Tax Info

  • Year: 2022
  • Tax Annual Amount: 2338

Multi Family

  • Existing Lease Type: Net

MLS Schools

  • HighSchool: Hanover Central High School
  • Elementary School: Jane Ball Elementary School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2023
Closed on
Jan 9, 2024
Sold by
Thompson Investment Gruop Llc
Bought by
Wright Randall
Seller's Agent
Vicki Vicari
Impact Indiana Real Estate, LL
List Price
$199,500
Sold Price
$188,000
Premium/Discount to List
-$11,500
-5.76%
Views
75
Current Estimated Value
$199,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,557
Avg. Annual Appreciation
3.53%
Original Mortgage
$141,000
Outstanding Balance
$138,656
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$60,901

Purchase Details

Listed on
Nov 18, 2023
Closed on
Jan 3, 2024
Sold by
Thompson Investment Gruop Llc
Bought by
Wright Randall
Seller's Agent
Vicki Vicari
Impact Indiana Real Estate, LL
List Price
$199,500
Sold Price
$188,000
Premium/Discount to List
-$11,500
-5.76%
Views
75

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Outstanding Balance
$138,656
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$60,901

Purchase Details

Closed on
Jan 4, 2023
Sold by
Dlc Properties Llc
Bought by
Thompson Investments Ltd

Purchase Details

Closed on
Dec 10, 2014
Sold by
Cordrey Denise
Bought by
Dlc Properties Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wright Randall -- None Listed On Document
Wright Randall $110,000 None Listed On Document
Thompson Investments Ltd $110,000 Meridian Title
Thompson Investments Ltd -- Meridian Title
Dlc Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Randall $141,000
Closed Wright Randall $141,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2024 01/09/24 Sold $188,000 -5.8% $198 / Sq Ft
11/18/2023 11/18/23 For Sale $199,500 -- $210 / 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 $2,757 $147,000 $37,500 $109,500
2023 $2,338 $103,700 $32,000 $71,700
2022 $2,338 $98,200 $32,000 $66,200
2021 $1,893 $86,300 $25,800 $60,500
2020 $1,697 $73,800 $25,600 $48,200
2019 $1,619 $70,700 $25,600 $45,100
2018 $1,681 $68,500 $25,600 $42,900
2017 $1,819 $69,400 $25,600 $43,800
2016 $2,099 $78,000 $25,600 $52,400
2014 $1,819 $78,400 $25,500 $52,900
2013 $1,907 $77,700 $25,600 $52,100
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2024

    Vicki Vicari

    Impact Indiana Real Estate, LL

    (219) 318-1244

    11 in this area

    55 Total Sales

    Vicki Vicari
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR541946

Northwest Indiana Association of REALTORS®

APN: 45-15-22-452-049.000-014

Indiana Lake County Cedar Lake 46303

8622 W 131st Place, Cedar Lake, IN

This home is located at 8622 W 131st Place, Cedar Lake, IN 46303 since 18 November 2023 and is currently estimated at $199,557, approximately $210 per square foot. This property was built in 1954. 8622 W 131st Place is a home located in Lake County with nearby schools including Jane Ball Elementary School, Hanover Central Middle School, and Hanover Central High School.

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.

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.

Nearby Homes