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3801 Franklin Street

3801 Franklin Street, Michigan City, IN 46360
Property in Coolspring
3801 Franklin Street has been categorized by the local assessors in Michigan City, IN as a commercial type of property. The building on the property was first built in 1978 and is 46 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3801 Franklin Street has 2,760 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,720 ft and across the front of the lot is 760 ft. The area measurement of the land has been determined as 23,697 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 4 code building. This code stands for "buildings that have wood or wood and steel frames.". Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of concrete block. In terms of heating, the home is utilizing gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 3801 Franklin Street was last sold in Jul 22, 2021 for $150,000. According to our calculations, that's $54.35 per sqft. Current property owners are expected to pay $6,198 in taxes per year. The property on 3801 Franklin Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $206,600. To break that down further, the land itself was valued at $110,400. While improvements to the property were assessed at a total of $96,200. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 23,697
  • Lot Size Depth Feet: 2,720
  • Lot Size Frontage Feet: 760
  • Total Building Area: 2,760
  • Gross Building Area: 2,760
  • Building Area: 2,760
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,760
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Commercial
  • Land Acres: 0.544
  • Standard Land Use Code: Restaurant
  • Legal Description 1: 13-05-05-426-042 IN NE1/4 SE1/4 CMG 399 FT N & 55 FT W OF SE COR NE1/4 SE1/4 S5 T37 R4 .544 AC

Ownership

  • Current Owner : GOURMET HOUSE 888 INC
  • Previous Owner : CHEN TAO
  • Previous Owner 2: MOY EDDIE
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Michigan City Area Schools
  • Census Tract: 040400

Geography

  • Assessors Map Reference: C04-009-05E-052
  • District: 0004
  • Section: 5
  • Parcel: 46-05-05-426-042.000-009
  • Meridian: SEC 5 TWN 37 RNG 4
  • Municipality: COOLSPRING TOWNSHIP
  • Latitude: 41.6852
  • Longitude: -86.8945

    Address

  • Full Address: 3801 Franklin St
  • Address - House Number: 3801
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: IN
  • City Name: Michigan City
  • Carrier Code: C035
  • 4-Digit Zip Code: 7312
  • Zip Code: 46360

Valuation

    Tax

  • Total Area: 2,760
  • Tax Year: 2022
  • Tax Amount: $6,198
  • Tax Rate Code Area: 013

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $120,000
  • First Open Lien Mortgage Lender: HORIZON BANK NA
  • First Open Lien Mortgage Recording Date: Jul 26, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $120,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 22, 2036

    Market Valuation

  • Market Total Value: $206,600
  • Market Land Value: $110,400
  • Market Improvement Value: $96,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $206,600
  • Assessed Land Value: $110,400
  • Assessed Improvements Value: $96,200

    Sales

  • Current Sale Contract Date: Jul 22, 2021
  • Current Sale Recording Date: Jul 26, 2021
  • Current Sale Transaction ID: 11845810176
  • Current Sale Price: $150,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R-11707

    Last Sale Mortgage

  • First Mortgage Lender: HORIZON BANK NA
  • First Mortgage Transaction Date: Jul 26, 2021
  • First Mortgage Loan Amount: $120,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 22, 2036

    Financing

  • First Mortgage Financing Type: Variable

About Michigan City



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Frequently Asked Questions

What neighborhood is 3801 Franklin Street located in?
The 3801 Franklin Street is a located in the neighborhood of Coolspring in Michigan City, Michigan City.
What is the average sales price for listings in 3801 Franklin Street?
The average sales price for units in 3801 Franklin Street is $0 currently.

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