1612 Lake Shore Drive, Michigan City, IN 46360 (MLS# 504318)

1612 Lake Shore Drive, Michigan City, IN 46360

$2,100,000

Property Type: Residential Bedrooms: 4 Baths: 1 Square Footage: 1,612 Lot Size (sq. ft.): 9,600 Status: Closed

Current Price: $2,100,000 List Date: 11/17/2021 Last Modified: 2/24/2024

Overview

Description

This is an opportunity to own 80' of lake front property on Lake Michigan. This classic Sheridan Beach cottage could be lovingly restored, rebuilt on 2 lots as one large home footprint up to 4599 SF or build 2 homes with footprint at 2014 SF each. A new plat of survey just completed. This premier location with a sweeping dune beach has endless possibilities. Mature pine trees in front and natural grasses surround this lot making it a private sanctuary, fittingly named "Restwell''. Make your plans now and start building or restoring. Public water and sewer services. No beach erosion issues here. Just minutes to the heart of the Michigan City Harbor, Arts District and South Shore train stop. Don't miss this unique offering. Bonus!! - fully booked short term rental history available. Could be a lucrative INVESTMENT in many ways or your dream lakefront home.

Listing Details MLS# 504318

General Property Information

Bedrooms Total: 4
Bathrooms Full: Yes
Bathrooms Total: Yes
Rooms Total: 8
Above Grade Finished Area: 1612
Living Area: 1612
Living Area Source: Owner
Year Built: 1919
Garage YN: Yes
Garage Spaces: Yes
Lot Size Acres: 0.2204
Lot Size Square Feet: 9600
Lot Size Source: Public Records
Lot Size Dimensions: 80 X 120
Association YN: No
Water Body Name: Lake Michigan
Basement YN: Yes
Fireplace YN: No
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Below Grade Finished Area: 0

Property Features

Appliances: Gas Range; Refrigerator Architectural Style: Cottage Basement: Walk-Out Access Construction Materials: Vinyl Siding; Wood Siding Cooling: Central Air Flooring: Hardwood Frontage Type: Lakefront; Waterfront Heating: Forced Air; Natural Gas Interior Features: None Listing Terms: Cash; Conventional Lot Features: Lake On Lot; Landscaped; Paved; Sloped; Wooded Parking Features: Attached Patio And Porch Features: Covered; Deck; Porch Possession: Close Of Escrow; Subject To Tenant Rights Property Condition: Fixer Road Surface Type: Paved Utilities: Cable Available View: Lake Water Source: Public Waterfront Features: Lake Front; Lake Privileges Room Types: Bathroom; Bedroom 2; Bedroom 3; Bedroom 4; Dining Room; Kitchen; Living Room; Other Room; Primary Bedroom

Contract Information

Original List Price: 1999999
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: 1612
Street Name: Lake Shore
Street Suffix: Drive
County: La Porte
State: IN
Postal Code: 46360
Subdivision Name: Lakeside Add

Remarks and Miscellaneous

Public Remarks: This is an opportunity to own 80' of lake front property on Lake Michigan. This classic Sheridan Beach cottage could be lovingly restored, rebuilt on 2 lots as one large home footprint up to 4599 SF or build 2 homes with footprint at 2014 SF each. A new plat of survey just completed. This premier location with a sweeping dune beach has endless possibilities. Mature pine trees in front and natural grasses surround this lot making it a private sanctuary, fittingly named "Restwell''. Make your plans now and start building or restoring. Public water and sewer services. No beach erosion issues here. Just minutes to the heart of the Michigan City Harbor, Arts District and South Shore train stop. Don't miss this unique offering. Bonus!! - fully booked short term rental history available. Could be a lucrative INVESTMENT in many ways or your dream lakefront home.

Status Change Information

Major Change Timestamp: 2022-02-07T08:33:07Z
Major Change Type: Status Change
Status Change Timestamp: 2022-02-07
Offer Acceptance Date: 2021-11-28
Close Date: 2022-02-07
Close Price: 2100000
Concessions: No
Buyer Financing: Cash

More Information

Exemption Information

Exemption YN: Y

Frontage Type

Frontage Length: 80
Lakefront: Yes
Waterfront: Yes

Square Footage Information

Upper Level Finished SqFt: 676
Main Level Finished SqFt: 936
Lower Level Finished SqFt: 0
Basement Level Finished SqFt: 0

Showing Requirements

Showing Instructions: Showingtime - 24 hour notice.

Historical Information

Public Historical Remarks: Unfinished SF: 676, Annual Maint Incl: None (Plat Map), Bathroom Level: Upper, Bathroom Description/Room Remarks: Full

Room Types

Bathroom Level: U
Bedroom 2 Level: U
Bedroom 3 Level: U
Bedroom 4 Level: U
Kitchen Level: M
Living Room Level: M
Other Room Level: M
Primary Bedroom Level: U
Bathroom: Yes
Bedroom 2: Yes
Bedroom 3: Yes
Bedroom 4: Yes
Dining Room: Yes
Kitchen: Yes
Living Room: Yes
Other Room: Yes
Primary Bedroom: Yes

Location, Tax, and Legal

Postal Code +4: 2063
Tax Annual Amount: 7290
Tax Year: 2020
Tax Assessed Value: 0
Tax Legal Description: Legal Description: 42-01-21-227-002 LAKESIDE LT 17 & 42-01-21-227-003 LAKESIDE LT 18
Parcel Number: 460121227002000022
Township: Michigan
Directions: Michigan City to Sheridan Beach, Lake Shore Drive

Appliances

Gas Range: Yes
Refrigerator: Yes

Architectural Style

Cottage: Yes

Basement

Walk-Out Access: Yes

Construction Materials

Vinyl Siding: Yes
Wood Siding: Yes

Cooling

Central Air: Yes

Flooring

Hardwood: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

None: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lock Box Information

Lock Box Serial Number: No

Lot Features

Lake On Lot: Yes
Landscaped: Yes
Paved: Yes
Sloped: Yes
Wooded: Yes

Parking Features

Attached: Yes

Patio And Porch Features

Covered: Yes
Deck: Yes
Porch: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Property Condition

Fixer: Yes

Road Surface Type

Paved: Yes

Utilities

Cable Available: Yes

View

Lake: Yes

Water Source

Public: Yes

Waterfront Features

Lake Front: Yes
Lake Privileges: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Room Information

Room Name	Level	Length	Width	Remarks
Living Room	Main	26.00	10.00
Kitchen	Main	10.00	8.00
Primary Bedroom	Upper	10.00	9.00
Bedroom 2	Upper	10.00	9.00
Bedroom 3	Upper	9.00	8.00
Bedroom 4	Upper	8.00	8.00
Other	Main	26.00	10.00	Enclosed Porch
Dining Room	Main	12.00	12.00	12.00 x 12.00

Listing Office: Coldwell Banker Realty

Last Updated: February - 24 - 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.

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