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Winfield 46307
9055 Michigan Drive
$79,400
● Land - Off Market

9055 Michigan Drive

Crown Point, IN 46307
bedrooms
Studio
bathrooms
0 Bath
$390
Est. Monthly

About This Property

This lot is situated in the desirable gated community of Doubletree lake Estates. Great Opportunity to have a house on this deep lot with great views!
Unit Size
-
Days on Market
-
Land Size
0.38 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11695152)

Price History

Date / Event Date Event Price
Sep 4, 2024 Sold
Premium
Sold
Apr 24, 2024 No longer available -
No longer available
Mar 28, 2024 In contract -
In contract
Mar 12, 2024 Relisted $79,400
Relisted
Mar 3, 2024 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,945
  • Lot Size Depth Feet: 10
  • Lot Size Frontage Feet: 10
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: DOUBLETREE LAKE ESTATES PHASE XII-XIII-X
  • Land Acres: 0000000389
  • Standard Land Use Code: 8010
  • County Land Use Code: 500
  • Legal Description 1: DOUBLETREE LAKE ESTATES PHASE XII-XIII-XIV LOT 254

Neighborhood

  • School District Name: Crown Point Community School Corporation
  • Census Tract: 043301

Geography

  • Assessors Map Reference: MP 0001
  • District: 0011
  • Section: 4
  • Subdivision Phase Number: 14
  • Parcel: 45-17-04-254-002.000-047
  • Lot: 254
  • Municipality: WINFIELD TOWNSHIP
  • Latitude: 41.4303
  • Longitude: -87.2262

    Address

  • Full Address: 9055 Michigan Dr
  • Address - House Number: 9055
  • Address - Street Name: Michigan
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Crown Point
  • Carrier Code: R020
  • 4-Digit Zip Code: 8884
  • Zip Code: 46307

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $228
  • Tax Rate Code Area: 11

    Market Valuation

  • Market Total Value: $100
  • Market Land Value: $100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100
  • Assessed Land Value: $100

    Sales

  • Current Sale Contract Date: Jan 02, 2015
  • Current Sale Recording Date: Jan 20, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 2015 003050
  • Previous Sale Recording Date: Jan 20, 2015
  • Previous Sale Contract Date: Jan 02, 2015
  • Previous Sale Amount: $898,406
  • Previous Sale Document Type: 55
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Winfield

Stats & Trends

Median Asking:

$623,950

Sale Price/ft²

$169

Below Asking

0.03%

Average Days on Market

93

Average Home Size

3750 ft²

Average Home Age

22.5 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MRED

Listed by: Jennifer Anderson, McColly Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11695152
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 9055 Michigan Drive built and last sold?
The property at 9055 Michigan Drive was built in and last sold on Jan 2, 2015 for $898,406.
How much is this home worth?
The estimated value of the home located at 9055 Michigan Drive is $0.
What are some comparable homes to 9055 Michigan Drive?
There are currently no comparable homes to 9055 Michigan Drive.
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