116 N Lake Avenue, Michigan City, IN 46360

$630,000
Property Type: Residential Bedrooms: 8 Square Footage: 3,600 Lot Size (sq. ft.): 3,350 Status: Closed
Current Price: $630,000 List Date: 2/26/2017 Last Modified: 2/24/2024

Overview

Description

A rare opportunity to own a completely rehabbed (down to the studs!) property in Sheridan Beach just 100 feet from the beach access. This massive duplex, which is more like two town homes that have 4 bedrooms and 3 baths each. Gross rental revenue in 2015 was over $100,000. 21 x 20 roof top deck on each side with built in wet bar & wine fridge. Charming finishing touches straight from your favorite HGTV home decorating show such as shiplap walls, and built in bunks with nautical lights. This property cannot be duplicated on the beach. Zoning, and cost, prohibit the development of a like property. Own your beach house for free and rent out one side. This property is in an estate and some information regarding yearly expenses may not be available.

Listing Details MLS# 409566

General Property Information

New Construction YN
No
Bedrooms Total
8
Rooms Total
6
Above Grade Finished Area
1800
Below Grade Finished Area
1800
Living Area
3600
Living Area Source
Assessor
Year Built
1961
Garage YN
No
Lot Size Acres
0.0769
Lot Size Square Feet
3350
Lot Size Source
Assessor
Lot Size Dimensions
68 x 50
Association YN
No
Waterfront YN
Yes
Basement YN
No
Fireplace YN
No
Bathrooms Half
0
Bathrooms Three Quarter
0
Garage Spaces
0

Property Features

Appliances: Built-In Gas Range; Dishwasher; Dryer; Microwave; Refrigerator; Washer Construction Materials: Cement Siding; Stone; Wood Siding Cooling: Central Air Flooring: Luxury Vinyl; Tile Foundation Details: Slab Heating: Forced Air; Natural Gas Interior Features: Primary Downstairs; Wet Bar Levels: 2-Sty Listing Terms: Cash; Conventional Lot Features: Level; Paved Parking Features: Off Street; None Patio And Porch Features: Deck Road Surface Type: Paved Utilities: Cable Available; Electricity Available; Natural Gas Available Water Source: Public Waterfront Features: Lake Privileges Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Dining Room; Kitchen; Living Room; Primary Bedroom

Contract Information

Original List Price
620000
Auction YN
No
Property Sub Type
Single Family Residence
Property Attached YN
No
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
116
Street Direction Prefix
N
Street Name
Lake
Street Suffix
Avenue
County
La Porte
State
IN
Postal Code
46360
Subdivision Name
Sheridan Beach

Remarks and Miscellaneous

Public Remarks
A rare opportunity to own a completely rehabbed (down to the studs!) property in Sheridan Beach just 100 feet from the beach access. This massive duplex, which is more like two town homes that have 4 bedrooms and 3 baths each. Gross rental revenue in 2015 was over $100,000. 21 x 20 roof top deck on each side with built in wet bar & wine fridge. Charming finishing touches straight from your favorite HGTV home decorating show such as shiplap walls, and built in bunks with nautical lights. This property cannot be duplicated on the beach. Zoning, and cost, prohibit the development of a like property. Own your beach house for free and rent out one side. This property is in an estate and some information regarding yearly expenses may not be available.

Status Change Information

Major Change Timestamp
2017-02-26T05:38:34Z
Major Change Type
New Listing
Status Change Timestamp
2017-02-25
Offer Acceptance Date
2017-02-25
Close Date
2017-02-25
Close Price
630000
Buyer Financing
Cash

More Information

Bathroom Totals

Main 1/2
Yes
Upper 3/4
2

Exemption Information

Exemption YN
Y

Square Footage Information

Main Level Finished SqFt
1800
Lower Level Finished SqFt
1800
Upper Level Finished SqFt
0
Basement Level Finished SqFt
0

Showing Requirements

Showing Instructions
Use Showing Assist. Used as a vacation rental.

Historical Information

Public Historical Remarks
Unfinished SF: 0, Annual Maint Incl: None, Utilities: On (Assessor), Interior Features: Main Bedroom Bath,Main Floor Bathroom, Garage Description: Side Drive

Room Types

Bedroom 2 Level
M
Bedroom 3 Level
L
Bedroom 4 Level
L
Kitchen Level
M
Living Room Level
M
Primary Bedroom Level
M
Bedroom 2
Yes
Bedroom 3
Yes
Bedroom 4
Yes
Dining Room
Yes
Kitchen
Yes
Living Room
Yes
Primary Bedroom
Yes

Location, Tax, and Legal

Postal Code +4
8515
School District
Michigan City
Tax Annual Amount
4918
Tax Year
2015
Tax Assessed Value
0
Tax Legal Description
Legal Description: SHER BCH S 1/2 E 1/2 LT 2 & E 1/2 LT 3 BLK 7.
Parcel Number
460121309008000022
Township
Michigan
Directions
Lakeshore Dr. east, North on California Ave, East on Colfax, then South on Lake Ave. to property on the right. This block of Lake Ave is one way going south.
Cross Street
Lakeshore Dr.

Appliances

Built-In Gas Range
Yes
Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Construction Materials

Cement Siding
Yes
Stone
Yes
Wood Siding
Yes

Cooling

Central Air
Yes

Flooring

Luxury Vinyl
Yes
Tile
Yes

Foundation Details

Slab
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Interior Features

Primary Downstairs
Yes
Wet Bar
Yes

Levels

2-Sty
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lock Box Information

Lock Box Serial Number
No

Lot Features

Level
Yes
Paved
Yes

Parking Features

Off Street
Yes
None
Yes

Patio And Porch Features

Deck
Yes

Road Surface Type

Paved
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Natural Gas Available
Yes

Water Source

Public
Yes

Waterfront Features

Lake Privileges
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Room Information

Room Name Level Length Width Remarks
Living Room Main 20.30 19.40
Kitchen Main 20.30 19.40
Primary Bedroom Main 10.80 12.40
Bedroom 2 Main 12.40 11.20
Bedroom 3 Lower 9.80 11.60
Bedroom 4 Lower 10.20 12.00
Dining Room Main 20.30 19.40 20.30 x 19.40
Listing Office: Coldwell Banker Real Estate Gr
Last Updated: February - 24 - 2024
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