14002 Butternut Street, Cedar Lake, IN 46303 (MLS# 544583)

14002 Butternut Street, Cedar Lake, IN 46303

$110,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,576 Lot Size (sq. ft.): 6,926 Status: Closed

Current Price: $110,000 List Date: 4/03/2024 Last Modified: 4/15/2024

Overview

Description

She ain't pretty but she's cheap! OWNER OCCUPANTS AND INVESTORS - ALL Are welcome! FULLY Tenantable. Rents are skyrocketing and w/a little sprucing up throwing some paint & flooring around Id speculate rear unit could pull $1,200-$1,400/mo if a savvy investor knows the game to Cash flow it for 7-8 years then FULLY renovate & resell to MAX OUT the ROI. Another option is fully renovated VRBO with close proximity to lakefront and local amenities. But if not looking for passive income, related living possible w one bed/one bath front unit all main level living. . Newer Mechanicals. CASH ONLY, NO INSPECTION CONTINGENCIES OR FINANCING TERMS ACCEPTED - BUYERS SHOULD COMPLETE PRIOR TO OFFERING FOR CONSIDERATION. PROOF OF FUNDS REQUIRED WITH SUBMISSION

Listing Details MLS# 544583

General Property Information

New Construction YN: No
Bedrooms Total: 4
Bathrooms Full: Yes
Bathrooms Half: Yes
Bathrooms Three Quarter: Yes
Bathrooms Total: 3
Rooms Total: 9
Above Grade Finished Area: 1576
Below Grade Unfinished Area: 468
Living Area: 1576
Living Area Source: Assessor
Year Built: 1942
Garage YN: No
Lot Size Acres: 0.159
Lot Size Square Feet: 6926.04
Lot Size Source: Assessor
Lot Size Dimensions: 50x139
Association YN: No
Basement YN: Yes
Fireplace YN: No
Below Grade Finished Area: 0

Property Features

Appliances: Refrigerator Basement: Crawl Space; Sump Pump; Other Construction Materials: Wood Siding Cooling: None Exterior Features: None Fencing: Fenced Flooring: Carpet; Vinyl Foundation Details: Block Heating: Forced Air; Natural Gas Interior Features: Country Kitchen; In-Law Floorplan; Primary Downstairs Laundry Features: Main Level Listing Terms: Cash Lock Box Information: SentriLock Lot Features: Level Parking Features: Additional Parking; Off Street Patio And Porch Features: Deck; Patio Possession: Close Of Escrow Property Condition: Fixer Utilities: Electricity Available; Natural Gas Available Water Source: Well Room Types: Bathroom; Bedroom 2; Bedroom 3; Bedroom 4; Bonus Room; Dining Room; Kitchen; Laundry; Living Room; Primary Bedroom; Utility Room

Contract Information

Original List Price: 149900
Auction YN: No
Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Occupant Type: Vacant

Location Tax and Legal

Street Number: 14002
Street Name: Butternut
Street Suffix: Street
County: Lake
State: IN
Postal Code: 46303
Subdivision Name: Summerdale Cedar Lake

Remarks and Miscellaneous

Public Remarks: She ain't pretty but she's cheap! OWNER OCCUPANTS AND INVESTORS - ALL Are welcome! FULLY Tenantable. Rents are skyrocketing and w/a little sprucing up throwing some paint & flooring around Id speculate rear unit could pull $1,200-$1,400/mo if a savvy investor knows the game to Cash flow it for 7-8 years then FULLY renovate & resell to MAX OUT the ROI. Another option is fully renovated VRBO with close proximity to lakefront and local amenities. But if not looking for passive income, related living possible w one bed/one bath front unit all main level living. . Newer Mechanicals. CASH ONLY, NO INSPECTION CONTINGENCIES OR FINANCING TERMS ACCEPTED - BUYERS SHOULD COMPLETE PRIOR TO OFFERING FOR CONSIDERATION. PROOF OF FUNDS REQUIRED WITH SUBMISSION

Status Change Information

Major Change Timestamp: 2024-04-15T03:08:26Z
Major Change Type: Status Change
Price Change Timestamp: 2024-04-05T17:52:40Z
Status Change Timestamp: 2024-04-14
Offer Acceptance Date: 2024-04-05
Close Date: 2024-04-12
Close Price: 110000
Concessions: No
Buyer Financing: Cash

More Information

Exemption Information

Exemption YN: Y

Frontage Type

Frontage Length: 50

Lock Box Information

Lock Box Serial Number: 1506773
SentriLock: Yes

Square Footage Information

Upper Level Finished SqFt: 468
Main Level Finished SqFt: 1108
Lower Level Finished SqFt: 0
Basement Level Finished SqFt: 0

Showing Requirements

Showing Instructions: Lock doors when leave, Use online showing assist - 2hr minimum notice

Historical Information

Public Historical Remarks: Unfinished SF: 468, Annual Maint Incl: None, Utilities: On (Assessor), Interior Features: Formal Dining Room,Main Floor Bathroom, Bathroom Level: Main, Bathroom Description/Room Remarks: 1/2, Bathroom 2 Level: Main, Bathroom 2 Description/Room Remarks: 3/4, Bathroom 3 Level: Upper, Bathroom 3 Description/Room Remarks: Full

Room Types

Bathroom Level: M
Bedroom 2 Level: U
Bedroom 3 Level: U
Bedroom 4 Level: M
Bonus Room Level: M
Dining Room Level: Main
Kitchen Level: M
Laundry Level: M
Living Room Level: M
Primary Bedroom Level: U
Utility Room Level: M
Bathroom: Yes
Bedroom 2: Yes
Bedroom 3: Yes
Bedroom 4: Yes
Bonus Room: Yes
Dining Room: Yes
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Primary Bedroom: Yes
Utility Room: Yes

Location, Tax, and Legal

Postal Code +4: 9052
Tax Annual Amount: 3221.96
Tax Year: 2023
Tax Assessed Value: 0
Tax Legal Description: Legal Description: SUMMERDALE BLOCK 2 LOTS 21 & 22
Parcel Number: 451527458043000014
Township: Hanover
Directions: US 41 to 141St. East on 141st to Butternut. North on Butternut to home on left.

Appliances

Refrigerator: Yes

Basement

Crawl Space: Yes
Sump Pump: Yes
Other: Yes

Construction Materials

Wood Siding: Yes

Cooling

None: Yes

Exterior Features

None: Yes

Fencing

Fenced: Yes

Flooring

Carpet: Yes
Vinyl: Yes

Foundation Details

Block: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

Country Kitchen: Yes
In-Law Floorplan: Yes
Primary Downstairs: Yes

Laundry Features

Main Level: Yes

Listing Terms

Cash: Yes

Lot Features

Level: Yes

Parking Features

Additional Parking: Yes
Off Street: Yes

Patio And Porch Features

Deck: Yes
Patio: Yes

Possession

Close Of Escrow: Yes

Property Condition

Fixer: Yes

Utilities

Electricity Available: Yes
Natural Gas Available: Yes

Water Source

Well: Yes

Room Information

Room Name	Level	Length	Width	Remarks
Living Room	Main	18.00	17.00
Kitchen	Main	12.00	11.00
Bonus Room	Main	15.00	14.00
Primary Bedroom	Upper	15.00	12.00
Bedroom 2	Upper	11.00	14.00
Bedroom 3	Upper	12.00	9.00
Bedroom 4	Main	8.00	10.00
Laundry	Main	8.00	11.00
Dining Room	Main	14.00	14.00	14.00 x 14.00

Listing Office: SCHUPP Real Estate

Last Updated: April - 15 - 2024

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Why Create a Portal account?