507 Institute St Valparaiso, IN 46383

2 beds · 2 baths · 1,024 sq ft · Lot Size: 5,140 sq ft · Single Family Home
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507 Institute St is in the 46383 neighborhood of Valparaiso, IN. It is located in Porter County and ZIP code 46383. This Single Family Home was built in 1841 and is approximately 184 years old. The single family home spans 1024 sq ft with 2 bedrooms and 2 bathrooms and sits on a 5140 sq ft lot. According to public records, it was last sold in 2008 for $167,000. Analyze and compare real estate investment strategies for properties like this home at 507 Institute St Valparaiso, IN 46383 with Property Intel by Whitepages.

Investment Potential for 507 Institute St

The property has a current estimated value of $243,574, which is 9% above the zip median, based on public records. It last sold on August 14, 2008 for $167K. Projected long-term
is $14,400 annually ($1,200 per month) with a 93% occupancy rate.

Long-Term

Gross Rental
$14,400 per year($1,200 per month)
Net Operating Income
Cap Rate
Occupancy Rate
93%in 46383 zip code
 
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Owners & Occupancy for 507 Institute St

This property is owned by Jeffrey M Sievers. Owner contact information includes 9 phone numbers and 5 email addresses.

Property Owners

Cell Phone(407) ***-****
Residence***************
Landline(407) 352-1582+ 4 more
Distance from Property**********
Email Address***************@yahoo.com

Property Ownership Information

Purchase DateAugust 14, 2008
Property Tax Amount$4,143 in 2023
Purchase Price$167,000

Occupancy

Current Occupancy******View Occupancy

Property Details for 507 Institute St

Property Details

Property Sq Ft

Living Area

1,024 sq ft

Compare to 46383

Lot Size

5,140 sq ft

Compare to 46383

Price Per Sq Ft

Living Area

$238 / sq ft

Compare to 46383

Lot Size Area

$47 / sq ft

Compare to 46383
Property condition, age, exterior, etc. for 507 Instit…
Longitude: -87.054021 Latitude: 41.471732 Parcel Number (APN): 64-09-24-260-011.000-004…
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Recommended Properties in 46383

Discover more single family homes near 507 Institute St in Valparaiso, Indiana. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 507 Institute St in Porter County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$243,574
$138,962
$104,612 (75%)
$223,197
$151,937 (68%)
YoY Price Change
5.26%
-111%
Year Built
1841
1947
-106 years
Living Space
1,024 sq ft
1,104 sq ft
-80 (-7%)
$ Per Living Sq Ft
$238
$125
$113 (91%)
Lot Size
5,140 sq ft
8,255 sq ft
-3115 (-38%)
$ Per Lot Sq Ft
$47
$18
$30 (168%)

Net Operating Income
$12,943
-$6,379 (-49%)
Annual Revenue
$14,400
$16,800
-$2,400 (-14%)
$3,772
$4,064 (108%)
Net Operating Income
$12,943
-$6,379 (-49%)
Cap Rate
8.88%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians