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Merrillville 46307
9565 Shelby Lane
$444,000
● House - Off Market

9565 Shelby Lane

Crown Point, IN 46307
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,908 Ft²
$446,199
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

JUST IN TIME FOR BLUEBERRY SEASON! Room to Roam on OVER 2 ACRES BOASTING OVER 100 BLUEBERRY BUSHES! Spacious 1.5 Story featuring 4 Beds, 2.5 Baths with Finished Basement! Home featuring Large Great Room with brick fireplace, Light & Bright Kitchen, Formal Dining room & Main level laundry! Master on the main & 3 nice size bedrooms upstairs! The partially finished basement offers plenty of room to entertain or simply relax! The GORGEOUS NATURALISTIC BACKYARD IS A RARE FIND! Rolling terrain, mature trees, Lighted Gazebo & lush Blueberry bushes make for hours of enjoyment just enjoying nature! Location is close to everything, yet feel miles away in this very unique homestead!
Unit Size
3,908 Ft²
Days on Market
-
Land Size
-
Price per sqft
$115
Property Type
House
Property Taxes
$291
HOA Dues
-
Year Built
2000

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11862137)

Price History

Date / Event Date Event Price
Sep 27, 2023 Sold
Premium
Sold
Sep 6, 2023 No longer available -
No longer available
Aug 16, 2023 Listed by McColly Real Estate $449,000
Listed by McColly Real Estate
Jul 24, 2023 Listed by McColly Real Estate $459,900
Listed by McColly Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,305
  • Garage Type: 1
  • Garage Square Area: 520
  • Parking Space Count: 3
  • Patio Type: 34
  • Porch Type: 0
  • Pool Type: 1

    Dimensions

  • Lot Size Square Feet: 96,834
  • Total Building Area: 4,536
  • Gross Building Area: 4,536
  • Building Area: 2,711
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,711
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AUBURN HILLS PHASE ONE
  • Land Acres: 0000002223
  • Standard Land Use Code: 1001
  • County Land Use Code: 510
  • Legal Description 1: AUBURN HILLS PHASE ONE LOT 26

Neighborhood

  • School District Name: Merrillville Community School
  • Census Tract: 042301

Zoning

  • Zoning: R33

Geography

  • Assessors Map Reference: MP H15-718 13
  • District: 0008
  • Subdivision Phase Number: ONE
  • Parcel: 45-13-33-177-003.000-030
  • Lot: 26
  • Municipality: ROSS TOWNSHIP
  • Latitude: 41.4431
  • Longitude: -87.2348

    Address

  • Full Address: 9565 Shelby Ln
  • Address - House Number: 9565
  • Address - Street Name: Shelby
  • Address - Suffix Type: Ln
  • State: IN
  • City Name: Crown Point
  • Carrier Code: R006
  • 4-Digit Zip Code: 9459
  • Zip Code: 46307

Valuation

    Tax

  • Total Area: 4,016
  • Tax Year: 2022
  • Tax Amount: $333,736
  • Tax Rate Code Area: 8

    Appraisal Valuation

  • Standard Deviation: 0.2052
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 72
  • Final Value: 425,533
  • High Value: 512,863
  • Low Value: 338,204

    Market Valuation

  • Market Total Value: $375,000
  • Market Land Value: $68,000
  • Market Improvement Value: $307,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $375,000
  • Assessed Land Value: $68,000
  • Assessed Improvements Value: $307,000

    Sales

  • Current Sale Contract Date: Sep 20, 2023
  • Current Sale Recording Date: Sep 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 531527
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 Merrillville

Stats & Trends

Median Asking:

$258,500

Sale Price/ft²

$161

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2118 ft²

Average Home Age

5.8 years

Currently For Sale

11 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

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MRED

Listed by: Lisa Grady, McColly Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11862137
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 9565 Shelby Lane built and last sold?
The property at 9565 Shelby Lane was built in 2000 and last sold on Sep 20, 2023 for $436,350.
How much is this home worth?
The estimated value of the home located at 9565 Shelby Lane is $462,182.
What are some comparable homes to 9565 Shelby Lane?
There are currently no comparable homes to 9565 Shelby Lane.
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