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    Maria Rene Porter, IN 46304

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Maria Rene

    Property type
    Land

    Description

    This exceptional 11-acre parcel in Chesterton, Indiana represents the final phase of the highly successful Rose Hill Estates residential development. Fully engineered and approved for 44 townhome units across 13 structures, this opportunity offers immediate development potential. The property boasts a high density of approximately 3.98 units per acre, maximizing land utilization and return on investment. Utilities are already stubbed to the site, streamlining the construction process. Previous phases sold out within five years, demonstrating strong market demand in the rapidly growing Northwest Indiana area, attracting residents and businesses from neighboring Illinois. This offering includes the transfer of developer rights and potential control of the Homeowners Association. The property's APN is 64-06-02-454-004.000-023, and the asking price is $616,000. Annual property taxes are $481.68. This is a rare chance to capitalize on a proven, fully engineered multifamily project in a thriving market. The total number of units across all phases of Rose Hill Estates is 72.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Porter
    County
    Porter
    State
    Indiana
    Longitude
    -87.0759
    Latitude
    41.595

    Comparable in this City

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      11.82 Acres

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      56.12 Acres

      330 Indian Boundary Rd

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      12.08 Acres

      149 St Rd

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    Similar Nearby for Sale

    • Contact for pricing

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    Similar Nearby for Lease

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      1,350 SF retail space in Chesterton's vibrant downtown.
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      32,000 SF

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    Request Owner's contact information
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    Maria Rene
    Porter, IN 46304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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