NOT LISTED FOR SALE

Estimated Value: $441,135 - $582,000

2 Beds
2 Baths
1,648 Sq Ft
4,966 Sq Ft Lot

Sale Details

Date Sold: June 28, 2024

Last sale price $470,000 $285 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,624 / mo

144 Days on Market

Highlights

  • In Ground Pool
  • Balcony
  • Security Service
  • Lake View
  • 1.5 Car Attached Garage
  • Landscaped

About This Home

As of June 2024

Welcome to your dream home, a stunning property nestled across the shores of Lake Michigan. This condo is ideally situated within the Lake Terrace complex, providing immediate access to Lake Michigan's pristine shoreline. Enjoy breathtaking sunsets, gentle lake breezes, & the soothing sound of waves just steps from your door. Step inside to a thoughtfully designed interior featuring high-end finishes & an open-concept layout. The living area is flooded with natural light from large windows, creating an inviting & spacious ambiance. Enjoy your morning coffee on any of the THREE balconies, which offer stunning views of Lake Michigan & a perfect spot to relax & unwind. Enjoy access to a range of amenities, including an outdoor pool, & a hot tub. It's a perfect blend of luxury & convenience. Conveniently located near the heart of Michigan City, allowing easy access to shopping, dining, cultural attractions, & outdoor activities. You do not want to miss this! New siding and garage doors to be installed this spring & summer!

Last Agent to Sell the Property

Ashley Tezak

Realty Executives Premier License #RB21002747 Listed on: 01/17/2024

Realty Executives Premier

Co-Listed By

Mike Tezak

Realty Executives Premier License #RB14033486

Last Buyer's Agent

Non-Member Agent

Non-Member MLS Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,220

Year Built

  • Built in 1992

Lot Details

  • Landscaped

HOA Fees

  • $395 Monthly HOA Fees

Parking

  • 1.5 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 1,648 Sq Ft Home
  • 2-Story Property
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Vinyl Flooring
  • Lake Views

Kitchen

  • Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 460121313031000022

Community Details

Overview

  • Association fees include ground maintenance, security, trash, snow removal, maintenance structure
  • 1St American Management Association, Phone Number (219) 464-3536
  • Lake Terrace Condos Subdivision

Recreation

  • Community Pool

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,220

Year Built

Built in 1992

Lot Details

4,966 Sq Ft Lot

HOA Fees

$395 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1992
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: Main Level
  • ResoLotFeatures: Irregular Lot, Paved, Level, Landscaped
  • ResoPoolFeatures: Association, Outdoor Pool, In Ground, Community
  • Road Surface Type: Asphalt, Paved
  • Reso View: Lake
  • ResoOtherEquipment: Dehumidifier
  • Reso Association Amenities: Maintenance, Trash, Spa/Hot Tub, Snow Removal, Security, Pool, Picnic Area, Parking, Maintenance Structure
  • Reso Association Fee Includes: Maintenance Grounds, Security, Trash, Snow Removal, Maintenance Structure
  • Co List Office Mls Id: NRA1103
  • Co List Office Phone: (219) 462-2224
  • Co List Office Mls Id: NRA1103
  • Subdivision Name: Lake Terrace Condos
  • Above Grade Finished Sq Ft: 1648
  • Architectural Style: Other
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • AuctionYN: No
  • AboveGradeUnfinishedArea: 0.00
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Washer, Refrigerator, Oven, Microwave, Electric Range, Dryer, Disposal
  • Interior Amenities: Cathedral Ceiling(s), Primary Downstairs, Vaulted Ceiling(s), Storage, Soaking Tub, Recessed Lighting, Open Floorplan, Pantry, High Ceilings, Granite Counters, Double Vanity
  • Flooring: Vinyl
  • Basement YN: No
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Great Room, Living Room
  • Fireplaces: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Balcony
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 1.5
  • Parking Features: Asphalt, Garage Door Opener, Attached

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Natural Gas Available, Electricity Available
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas, Humidity Control
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Pool
  • Association Fee: 4740
  • Association Fee Frequency: Annually
  • Association Name: 1st American Management
  • Phone: (219) 464-3536
  • Association: Yes

Lot Info

  • Lot Dimensions: Irregular
  • Parcel #: 460121313031000022

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4220

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2024
Closed on
Jun 28, 2024
Sold by
Drilinga Darius
Bought by
Betty Dansereau Revocable Trust
Seller's Agent
Ashley Tezak
Realty Executives Premier
Buyer's Agent
Non-Member Agent
Non-Member MLS Office
List Price
$549,900
Sold Price
$470,000
Premium/Discount to List
-$79,900
-14.53%
Views
227
Current Estimated Value
$499,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,534
Avg. Annual Appreciation
3.56%

Purchase Details

Closed on
May 19, 2023
Sold by
Trust No Bev-3996
Bought by
Drilinga Darius

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2015
Sold by
Lalich Sandra J
Bought by
The Chicago Trust Co
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Betty Dansereau Revocable Trust -- Meridian Title
Drilinga Darius -- None Listed On Document
The Chicago Trust Co -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Drilinga Darius $292,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold $470,000 -5.1% $285 / Sq Ft
05/23/2024 05/23/24 Price Changed $495,000 -7.5% $300 / Sq Ft
02/01/2024 02/01/24 Price Changed $535,000 -2.7% $325 / Sq Ft
01/17/2024 01/17/24 For Sale $549,900 -- $334 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

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
2025 $6,472 $320,000 -- $320,000
2024 $6,472 $320,000 -- $320,000
2023 $6,400 $320,000 $0 $320,000
2022 $4,200 $210,000 $0 $210,000
2021 $4,200 $210,000 $0 $210,000
2020 $4,200 $210,000 $0 $210,000
2019 $4,248 $210,000 $0 $210,000
2018 $4,248 $210,000 $0 $210,000
2017 $4,248 $210,000 $0 $210,000
2016 $4,772 $236,200 $0 $236,200
2014 $5,200 $260,000 $0 $260,000
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Indiana Association of REALTORS®

MLS Number: 543964

Northwest Indiana Association of REALTORS®

APN: 46-01-21-313-031.000-022

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