Closed

$75,000

367 Melton Rd, Burns Harbor, IN 46304

2beds

784sqft

Single Family Residence

Built in 1941

0.92 Acres Lot

$144,300 Zestimate^®

$96/sqft

$1,447 Estimated rent

Home value

$144,300

$108,000 - $183,000

$1,447/mo

Zestimate^® history

Owner options

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$1,447/mo

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$1,447/mo

Rent Zestimate^®

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$369/mo

Est. payment

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$369/mo

Est. payment

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What's special

Large lot

Prime 0.92-acre parcel in Burns Harbor, located in the versatile residential/Commercial 2 District (RC2). This property is ideally suited for a range of commercial and mixed-use developments, offering significant potential for future growth. A feature of the property is a 784 SF house built in 1941, perfect for renovation into a functional office space. The large lot also provides ample opportunity to install a pole barn, adding utility for storage. The RC2 zoning encourages a vibrant mix of uses, including community retail, oce, lodging, and multifamily residential, with a focus on creating a walkable, bikeable, and vehicle-friendly environment. The strategic location within this mixed-use corridor makes this property ideal for an owner-occupant or investor seeking to contribute to the growing Burns Harbor community while having the flexibility to adapt to a variety of uses.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Heating

None

Appliances

Included: Other
Laundry: Other

Features

Other
Has basement: No
Has fireplace: No

Interior area

Total structure area: 784
Total interior livable area: 784 sqft
Finished area above ground: 784

Property

Parking

Total spaces: 1
Parking features: Driveway
Garage spaces: 1
Has uncovered spaces: Yes

Features

Levels: One
Exterior features: None
Fencing: None
Has view: Yes
View description: None

Lot

Size: 0.92 Acres
Dimensions: 270 x 148
Features: Other

Details

Parcel number: 640605300030000024
Zoning description: residential

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

Fixer
New construction: No
Year built: 1941

Utilities & green energy

Electric: Other
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Phone Connected, Water Connected, Sewer Connected, Natural Gas Connected

Community & HOA

HOA

Has HOA: No

Location

Region: Burns Harbor

Financial & listing details

Price per square foot: $96/sqft
Tax assessed value: $108,100
Annual tax amount: $658
Date on market: 11/15/2024
Listing agreement: Exclusive Right To Sell
Listing terms: Conventional

Price history

Date	Event	Price
5/5/2025	Sold	$75,000-11.8%$96/sqft
Source: NIRA as distributed by MLS GRID #812993 Report a problem
3/21/2025	Pending sale	$85,000$108/sqft
Source: NIRA as distributed by MLS GRID #812993 Report a problem
1/27/2025	Price change	$85,000-10.5%$108/sqft
Source: NIRA as distributed by MLS GRID #812993 Report a problem
11/15/2024	Listed for sale	$95,000+5.6%$121/sqft
Source: NIRA as distributed by MLS GRID #812993 Report a problem
3/11/2022	Sold	$90,000-21.7%$115/sqft
Source: NIRA as distributed by MLS GRID #492304 Report a problem
11/26/2021	Price change	$115,000-2.5%$147/sqft
Source: NIRA as distributed by MLS GRID #492304 Report a problem
10/7/2021	Price change	$118,000-0.8%$151/sqft
Source: NIRA as distributed by MLS GRID #492304 Report a problem
7/21/2021	Listed for sale	$119,000$152/sqft
Source: NIRA as distributed by MLS GRID #492304 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,260 +254.1%	$108,100 +0.9%
2024	$638 +1.4%	$107,100 +6.4%
2023	$629 -61.8%	$100,700 +6.9%
2022	$1,650 +1.8%	$94,200 +10.6%
2021	$1,620 +1.6%	$85,200 +4.8%
2020	$1,595 +3.4%	$81,300 +7.1%
2019	$1,543 +9%	$75,900 +2.3%
2018	$1,415	$74,200 +7.4%
2017	$1,415 +2.7%	$69,100 -1.1%
2016	$1,378 +1.9%	$69,900 +5.4%
2014	$1,353 +5.8%	$66,300 +9%
2013	$1,279 -4.5%	$60,800 -9.3%
2012	$1,340 -6.5%	$67,000 -16.8%
2011	$1,433 +3.2%	$80,500
2010	$1,389 +1.7%	$80,500 +5.4%
2009	$1,366	$76,400