14146 Lauerman Street, Cedar Lake, IN 46303

$175,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,496 Lot Size (sq. ft.): 5,663 Status: Closed
Current Price: $175,000 List Date: 5/25/2022 Last Modified: 2/24/2024

Overview

Description

She ain't pretty but she's cheap! FULLY Tenantable & was occupied just a few weeks ago. Rents w/a little sprucing up throwing some paint & carpet around + basic lawn & maintenance can pull $1,650mo conservatively so for the savvy investor who knows the game to Cash flow it for 7-8 years then renovate & resell for MAX CASH OUT ROI. Comps in area now for a 3bed / 2 car garage near the LAKE and on a basement pushing 250K so if not looking for some passive income and just looking to flip that's welcome as well. DAYlight basement and home was basically remodeled 7-10yrs ago that includedWINDOWS - ROOF- DRYWALL - PLUMBING - ELECTRICAL - INSULATION IN CEILINGS & WALLS - FIXTURES & HARDWARE. That was then - still all newer but prior inhabitants preferred living in squalor so off they went. SELLING AS IS otherwise if seller had the time would add flooring & paint and start over but TIME they don't have. Inspect prior to offering - Ask an agent for offer requirements. Offers Reviewed June 1st

Listing Details MLS# 512544

General Property Information

Bedrooms Total
3
Bathrooms Full
Yes
Bathrooms Three Quarter
Yes
Bathrooms Total
2
Rooms Total
5
Above Grade Finished Area
1496
Living Area
1496
Living Area Source
Assessor
Year Built
1936
Garage YN
Yes
Garage Spaces
2
Lot Size Acres
0.13
Lot Size Square Feet
5663
Lot Size Source
Assessor
Lot Size Dimensions
55x134
Association YN
No
Basement YN
Yes
Fireplace YN
No
Bathrooms Half
0
Below Grade Finished Area
0

Property Features

Appliances: Built-In Gas Range; Dishwasher; Microwave; Refrigerator Basement: Daylight Construction Materials: Block; Concrete; Vinyl Siding Cooling: Central Air Fencing: Fenced Flooring: Carpet; Ceramic Tile; Vinyl Heating: Forced Air; Natural Gas Interior Features: Primary Downstairs Listing Terms: Cash; Conventional; FHA Lock Box Information: SentriLock Lot Features: Corner Lot; Paved; Sloped Parking Features: Detached; Garage Door Opener; Off Street Patio And Porch Features: Patio Possession: Close Of Escrow Road Surface Type: Paved Utilities: Cable Available; Electricity Available; Natural Gas Available Water Source: Well Room Types: Bathroom; Bedroom 2; Bedroom 3; Kitchen; Living Room; Primary Bedroom

Contract Information

Original List Price
169900
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
14146
Street Name
Lauerman
Street Suffix
Street
County
Lake
State
IN
Postal Code
46303
Subdivision Name
Valleys

Remarks and Miscellaneous

Public Remarks
She ain't pretty but she's cheap! FULLY Tenantable & was occupied just a few weeks ago. Rents w/a little sprucing up throwing some paint & carpet around + basic lawn & maintenance can pull $1,650mo conservatively so for the savvy investor who knows the game to Cash flow it for 7-8 years then renovate & resell for MAX CASH OUT ROI. Comps in area now for a 3bed / 2 car garage near the LAKE and on a basement pushing 250K so if not looking for some passive income and just looking to flip that's welcome as well. DAYlight basement and home was basically remodeled 7-10yrs ago that includedWINDOWS - ROOF- DRYWALL - PLUMBING - ELECTRICAL - INSULATION IN CEILINGS & WALLS - FIXTURES & HARDWARE. That was then - still all newer but prior inhabitants preferred living in squalor so off they went. SELLING AS IS otherwise if seller had the time would add flooring & paint and start over but TIME they don't have. Inspect prior to offering - Ask an agent for offer requirements. Offers Reviewed June 1st

Status Change Information

Major Change Timestamp
2022-07-07T07:52:21Z
Major Change Type
Status Change
Status Change Timestamp
2022-07-07
Offer Acceptance Date
2022-06-01
Close Date
2022-07-07
Close Price
175000
Concessions
No
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
Y

Frontage Type

Frontage Length
55

Lock Box Information

Lock Box Serial Number
150
SentriLock
Yes

Square Footage Information

Upper Level Finished SqFt
748
Main Level Finished SqFt
748
Lower Level Finished SqFt
0
Basement Level Finished SqFt
0

Showing Requirements

Showing Instructions
Use online showing assist

Historical Information

Public Historical Remarks
Unfinished SF: 748, Annual Maint Incl: None, Utilities: On (Assessor), Interior Features: Main Floor Bathroom, Bathroom Level: Main, Bathroom Description/Room Remarks: Full, Bathroom 2 Level: Upper, Bathroom 2 Description/Room Remarks: 3/4

Room Types

Bathroom Level
M
Bedroom 2 Level
U
Bedroom 3 Level
U
Kitchen Level
M
Living Room Level
M
Primary Bedroom Level
M
Bathroom
Yes
Bedroom 2
Yes
Bedroom 3
Yes
Kitchen
Yes
Living Room
Yes
Primary Bedroom
Yes

Location, Tax, and Legal

Postal Code +4
8828
Tax Annual Amount
1015
Tax Year
2021
Tax Assessed Value
0
Tax Legal Description
Legal Description: THE VALLEYS LOTS 3 & 4
Parcel Number
451534202004000014
Township
Hanover
Directions
Parrish to 141st, East to Lauerman, South to 142nd, Home on Corner of Lauerman & 142nd Ave. Garage and Parking off 142nd

Appliances

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

Basement

Daylight
Yes

Construction Materials

Block
Yes
Concrete
Yes
Vinyl Siding
Yes

Cooling

Central Air
Yes

Fencing

Fenced
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes
Vinyl
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Interior Features

Primary Downstairs
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes

Lot Features

Corner Lot
Yes
Paved
Yes
Sloped
Yes

Parking Features

Detached
Yes
Garage Door Opener
Yes
Off Street
Yes

Patio And Porch Features

Patio
Yes

Possession

Close Of Escrow
Yes

Road Surface Type

Paved
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Natural Gas Available
Yes

Water Source

Well
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Room Information

Room Name Level Length Width Remarks
Living Room Main 17.00 12.00
Kitchen Main 21.00 9.00
Primary Bedroom Main 12.00 9.00
Bedroom 2 Upper 12.00 21.00
Bedroom 3 Upper 14.00 7.70
Dining Room 0.00 0.00 0.00 x 0.00
Listing Office: SCHUPP Real Estate
Last Updated: February - 24 - 2024
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