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4506 Magoun Avenue

4506 Magoun Avenue, East Chicago, IN 46312
House in North
Sold Sep 28, 2023
$446,880
$336,000 by Rflf 7 Llc
Mortgage Due Oct 01, 2053
Sold Jan 27, 2022
Transfer
4506 Magoun Avenue has been categorized by the local assessors in East Chicago, IN as a residential type of property. The building on the property was first built in 1929 and is 95 years old. However, we must point out that the home was most recently renovated and altered in 1965. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 4506 Magoun Avenue has 2,620 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 710 ft and across the front of the lot is 290 ft. The area measurement of the land has been determined as 2,059 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The garage measured 2,540 sqft. Moving on to the building itself. The condition of the building has been evaluated as fair. 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 D by the local assessor. The roof of the building is made of asphalt. In terms of heating, it is utilizing a central heating system and being fueled with 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, 4506 Magoun Avenue was last sold in Sep 21, 2023 for $446,880. According to our calculations, that's $122.10 per sqft. Current property owners are expected to pay $1,364 in taxes per year. The property on 4506 Magoun Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $80,200. To break that down further, the land itself was valued at $10,800. While improvements to the property were assessed at a total of $69,400. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Duplex
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 1,040
  • Garage Square Area: 2,540
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,059
  • Lot Size Depth Feet: 710
  • Lot Size Frontage Feet: 290
  • Total Building Area: 3,660
  • Gross Building Area: 3,660
  • Building Area: 2,620
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,620
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.047
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: S. 29.4 FT OF N. 75 FT OF LTS 1 & 2 AND S. 29.4 FT OF N. 75 FT OF E. 9 FT LOT 3 BLOCK 5

Ownership

  • Current Owner : FAVELA PROPERTY INVESTMENTS LLC
  • Previous Owner : FAVELA HOMES LLC
  • Owner Before Previous Owner: RBM PARTNERS LLC-S
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: City of East Chicago School District
  • Census Tract: 030500

Geography

  • Parcel: 45-03-29-327-009.000-024
  • Block: 5
  • Lot: 1,2,3
  • Municipality: NORTH TOWNSHIP
  • Latitude: 41.6319
  • Longitude: -87.4825

    Address

  • Full Address: 4506 Magoun Ave
  • Address - House Number: 4506
  • Address - Street Name: Magoun
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: East Chicago
  • Carrier Code: C029
  • 4-Digit Zip Code: 3231
  • Zip Code: 46312

Valuation

    Tax

  • Total Area: 3,280
  • Tax Year: 2022
  • Tax Amount: $1,364
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2407
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 66
  • Final Value: 236,427
  • High Value: 293,356
  • Low Value: 179,497

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $336,000
  • First Open Lien Mortgage Lender: RFLF 7 LLC
  • First Open Lien Mortgage Recording Date: Sep 28, 2023
  • First Open Lien Mortgage Loan Amount: $336,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2053

    Market Valuation

  • Market Total Value: $80,200
  • Market Land Value: $10,800
  • Market Improvement Value: $69,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,200
  • Assessed Land Value: $10,800
  • Assessed Improvements Value: $69,400

    Sales

  • Current Sale Contract Date: Sep 21, 2023
  • Current Sale Recording Date: Sep 28, 2023
  • Current Sale Transaction ID: 11913868775
  • Current Sale Price: $446,880
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 531891
  • Previous Sale Recording Date: Jan 27, 2022
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RFLF 7 LLC
  • First Mortgage Transaction Date: Sep 28, 2023
  • First Mortgage Loan Amount: $336,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Credit Line (Revolving)
  • First Mortgage Loan Due Date: Oct 01, 2053

About East Chicago



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Frequently Asked Questions

What neighborhood is 4506 Magoun Avenue located in?
The 4506 Magoun Avenue is a house located in the neighborhood of North in East Chicago, East Chicago.
What is the average sales price for listings in 4506 Magoun Avenue?
The average sales price for units in 4506 Magoun Avenue is $109,900 , or $43/sqft. currently.

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