NOT LISTED FOR SALE

8788 N 500 W Michigan City, IN 46360

Estimated Value: $245,880 - $286,000

3 Beds
1 Bath
2,076 Sq Ft
$127/Sq Ft Est. Value

Last Sold September 07, 2012

Last sale price $38,000 $18 Per Sq Ft

Est. 595% increase in value since last sale

Current estimated payment $1,461/month

63 Days on Market

Highlights

  • Horses Allowed On Property
  • Wooded Lot
  • Enclosed Patio or Porch
  • Recreation Room
  • Ranch Style House
  • Cooling Available

About This Home

As of September 2012

Lots of potential with this 3 bedroom 1 bath country home on 2+ acres close to town. Multiple large sheds for storage. ***This is a HUD owned property - an Equal Housing Opportunity. FHA Case #151-952453. All HUD Properties are SOLD AS IS and buyers are encouraged to inspect the home prior to submitting a bid. All information deemed reliable but not guaranteed. See agent remarks for bid procedures. For showing access, use Showing Assist to register. No confirmation required. GNIAR lockbox on property.***

Last Agent to Sell the Property

Jeff Albertson

BHHS Executive Realty License #RB14037232 Listed on: 05/18/2012

BHHS Executive Realty

Last Buyer's Agent

Michael Murrin

MTM Realty Group License #RB14029650

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $945

Year Built

  • Built in 1947

Lot Details

  • 2.38 Acre Lot
  • Paved or Partially Paved Lot
  • Wooded Lot

Parking

  • Off-Street Parking

Home Design

  • Ranch Style House
  • Fixer Upper
  • Vinyl Siding

Interior Spaces

  • 2,076 Sq Ft Home
  • Living Room
  • Dining Room
  • Recreation Room
  • Portable Gas Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Outdoor Features

  • Enclosed Patio or Porch
  • Storage Shed

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • No Utilities
  • Well
  • Septic System

Community Details

  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 4612900024000062

Home Details

Home Type

Single Family

Est. Annual Taxes

$945

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1947
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Acreage, Horses Allowed, Wooded, Paved Road
  • ResoOtherEquipment: None
  • Co List Office Mls Id: GNR121
  • Subdivision Name: none
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Vinyl
  • GNR_UnfinishedSquareFootage: 0
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: Yes
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: No
  • GNR_Well: Yes
  • GNR_TotalBathrooms: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_MiscFeatures: Fixer Upper
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Portable Gas Range, Refrigerator
  • Interior Amenities: Main Floor Laundry, Main Floor Bedroom, Main Floor Bathroom
  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Porch-Enclosed, Storage Shed
  • Acres: 2.38

Garage/Parking

  • Parking Features: Off Street, Other

Utilities

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

Schools

  • Junior High Dist: Michigan City

Lot Info

  • Lot Dimensions: irregular
  • Lot Size Sq Ft: 103673
  • ResoLotSizeUnits: Acres
  • Parcel #: 4612900024000062
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Year: 2011
  • Tax Annual Amount: 945

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2017
Sold by
Carter Paul D
Bought by
Carter Michael T
Current Estimated Value
$263,970

Purchase Details

Listed on
May 18, 2012
Closed on
Sep 5, 2012
Sold by
Secretary Of Housing & Urban Development
Bought by
Wilson Aleta D
Seller's Agent
Jeff Albertson
BHHS Executive Realty
Buyer's Agent
Michael Murrin
MTM Realty Group
List Price
$38,000
Sold Price
$38,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.78%
Original Mortgage
$30,350
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2012
Sold by
Gmac Mortgage Llc
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Jan 10, 2012
Sold by
Utley Linda and Shipton Susan G
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Oct 16, 2009
Sold by
Carter Michael and Utley Donald
Bought by
Utley Donald C and Utley Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,477
Interest Rate
4.76%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 8, 2009
Sold by
Utley Donald
Bought by
Utley Donald
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
Carter Michael T -- None Available
Wilson Aleta D -- None Available
Secretary Of Housing & Urban Development -- None Available
Gmac Mortgage Llc $72,000 None Available
Utley Donald C -- Stewart Title Company
Utley Donald -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson Aleta D $30,350
Previous Owner Utley Donald C $86,477
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2012 09/07/12 Sold $38,000 0.0% $18 / Sq Ft
07/20/2012 07/20/12 Pending -- -- --
05/18/2012 05/18/12 For Sale $38,000 -- $18 / 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 $849 $122,400 $34,700 $87,700
2022 $803 $118,100 $30,800 $87,300
2021 $803 $111,200 $30,800 $80,400
2020 $821 $111,200 $30,800 $80,400
2019 $856 $111,400 $25,700 $85,700
2018 $759 $103,800 $25,700 $78,100
2017 $685 $96,100 $25,700 $70,400
2016 $907 $117,200 $26,900 $90,300
2014 $907 $110,900 $26,900 $84,000
Source: Public Records

Agents Affiliated with this Home

  • Jeff Albertson

    Seller's Agent in 2012

    Jeff Albertson

    BHHS Executive Realty

    (219) 871-2567

    36 Total Sales

    Jeff Albertson
    Section Image

  • M

    Buyer's Agent in 2012

    Michael Murrin

    MTM Realty Group

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR307869

Northwest Indiana Association of REALTORS®

APN: 46-02-19-200-024.000-062

Indiana La Porte County Michigan City 46360

8788 N 500 W, Michigan City, IN

Not Listed for Sale

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