Paired Villa Home with
10224 Pickett Way Cedar Lake, IN 46303
New
10224 Pickett Way, Cedar Lake, IN, 46303
$295,000
For Sale
$295,000
SINGLE_FAMILY - Cedar Lake, IN
Property Size1,549 SF
Lot Size0.12 Acres
Price / SF$190.45
Days on Market2
Property Features for 10224 Pickett Way
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Dining Room
- Parking features
- Driveway
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s), Walk-In Closet(s), Recessed Lighting, Pantry, Open Floorplan, Kitchen Island, Entrance Foyer
- Appliances
- Dryer, Washer, Refrigerator, Range, Microwave, Dishwasher
- Standard status
- Active
- APN
- 451528404013000014
- Size
- 1,549 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- CENTENNIAL SUB. PHASE 12 SW'LY 52.7FT OF LOT 159
- Tax Annual Amount
- 2719
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 2018
- Floors in Building
- 1
Listing Agency
Better Homes and Gardens Real
(219) 999-8990
1624 Summit St, Crown Point, IN
Listed by
Amy Wayne
(219) 552-4475
Added: Jul 17 Checked: Jul 18 at 8:06 am
MLS# 842465
Listing URL
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 10224 Pickett Way in Cedar Lake, this move-in ready paired villa offers an open floor plan with two spacious bedrooms and two bathrooms. The home is described as having a bright, inviting interior and includes all appliances, supporting an easy move-in.
The Centennial community is positioned to reduce day-to-day maintenance, with lawn care and snow removal handled by the community. Residents also have access to shared amenities including a community pool, fitness center, and scenic walking trails.
With a low-maintenance paired-villa layout and included appliances, the property is designed for comfortable everyday living while providing community-based recreation options through the Centennial amenities.
The Centennial community is positioned to reduce day-to-day maintenance, with lawn care and snow removal handled by the community. Residents also have access to shared amenities including a community pool, fitness center, and scenic walking trails.
With a low-maintenance paired-villa layout and included appliances, the property is designed for comfortable everyday living while providing community-based recreation options through the Centennial amenities.
Key Highlights
- 2018 paired villa in the Centennial community of Cedar Lake
- Over 1,500 sq ft with 2 bedrooms and 2 bathrooms
- Open floorplan with kitchen island, pantry, recessed lighting, and entrance foyer
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $17.04 |
| − Vacancy | −$1.5k | −$0.95 |
| EGI | $24.9k | $16.09 |
| − OpEx | −$11.2k | −$7.24 |
| NOI | $13.7k | $8.85 |
1,549 SF · lease $17.04/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$195.8K
$171.3K – $228.4K
NOI $13,704 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$432.4K
$378.4K – $504.5K
NOI $30,269 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Move-in ready paired villa with two bedrooms, two baths, and an open floor plan in a maintenance-free community.
Where is this single family property located?
The property is located at 10224 Pickett Way Cedar Lake, IN.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2018 paired villa in the Centennial community of Cedar Lake; Over 1,500 sq ft with 2 bedrooms and 2 bathrooms; Open floorplan with kitchen island, pantry, recessed lighting, and entrance foyer
