116 N Lake Avenue, Michigan City, IN 46360
$930,000
Property Type:
Residential Income
Bedrooms:
8
Baths:
6
Square Footage:
3,600
Lot Size (sq. ft.):
3,350
Status:
Closed
Current Price:
$930,000
List Date:
12/20/2023
Last Modified:
4/03/2024
Overview
Description
Listing Details MLS# 543047
General Property Information
- New Construction YN
- No
- Number Of Units Total
- 2
- Bedrooms Total
- 8
- Bathrooms Full
- 6
- Rooms Total
- 14
- Bathrooms Total
- 6
- Above Grade Finished Area
- 3936
- Living Area
- 3600
- Living Area Source
- Assessor
- Year Built
- 1961
- Garage YN
- No
- Parking Total
- 2
- Lot Size Acres
- 0.0769
- Lot Size Square Feet
- 3350
- Lot Size Source
- Assessor
- Lot Size Dimensions
- 68 x 50
- Basement YN
- No
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
- Below Grade Finished Area
- 0
- Garage Spaces
- 0
- Carport Spaces
- 0
Property Features
Construction Materials:
Stone; Vinyl Siding
Flooring:
Luxury Vinyl; Tile
Interior Features:
Elevator
Laundry Features:
In Unit; Other
Lease Type:
Net
Listing Terms:
Cash; Conventional
Owner Pays:
Electricity; Gas; Sewer; Water
Parking Features:
None
Patio And Porch Features:
Deck; Patio
Possession:
Close Of Escrow; Negotiable; Rental Agreement
Utilities:
Cable Available; Electricity Available; Natural Gas Available; Sewer Available
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 935000
- Property Sub Type
- Duplex
- 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. EXCEPTIONAL VACATION RENTAL PROPERTY! 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 the other side. Seller will provide rental info upon request.
Status Change Information
- Major Change Timestamp
- 2024-04-03T19:31:20Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2024-04-03
- Offer Acceptance Date
- 2024-01-05
- Close Date
- 2024-04-02
- Close Price
- 930000
- Concessions
- No
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- Y
Frontage Type
- Frontage Length
- 68
Income and Expenses
- Electric Expense
- 1800
- Expense Year
- 2023
- Gross Scheduled Income
- 85109
- Insurance Expense
- 1800
- New Taxes Expense
- 12766
- Total Actual Rent
- 85109
- Water Expense
- 2400
- Gross Income
- 0
- Maintenance Expense
- 0
- Manager Expense
- 0
- Net Operating Income
- 0
- Other Expense
- 0
- Professional Management Expense
- 0
- Sewer Expense
- 0
- Supplies Expense
- 0
- Trash Expense
- 0
Unit Details
- Number Of Four Bedroom Units
- 2
Showing Requirements
- Showing Instructions
- Use Showing Assist. Subject to guests
Historical Information
- Public Historical Remarks
- Array, Lease Type: Net
Location, Tax, and Legal
- Postal Code +4
- 8515
- Tax Annual Amount
- 12922
- Tax Year
- 2023
- Tax Assessed Value
- 0
- Tax Legal Description
- Legal Description: 42-01-21-309-008 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. to California. Right on Colfax, then right on Lake Ave. to property on right. Lake Ave. is one-way going south.
Construction Materials
- Stone
- Yes
- Vinyl Siding
- Yes
Flooring
- Luxury Vinyl
- Yes
- Tile
- Yes
Interior Features
- Elevator
- Yes
Laundry Features
- In Unit
- Yes
- Other
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lock Box Information
- Lock Box Serial Number
- No
Parking Features
- None
- Yes
Patio And Porch Features
- Deck
- Yes
- Patio
- Yes
Possession
- Close Of Escrow
- Yes
- Negotiable
- Yes
- Rental Agreement
- Yes
Utilities
- Cable Available
- Yes
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
Water Source
- Public
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Lease Type
- Net
- Yes
Owner Pays
- Electricity
- Yes
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
Listing Office:
@properties/Christie's Intl RE
Last Updated: April - 03 - 2024
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