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    Property profile & analytics

    1061 Lakewood Ct Schererville, IN 46375-1096

    • Residential income homes
    • 6,228 SF
    • 13.31 lot acres
    OFF-MARKET
    Value Estimation
    $230,000
    Last Sale
    Jul 11, 2022
    $241,000
    Location Intelligence
    Property ID
    US31-0059234
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 1061 Lakewood Ct

    Year built
    2005
    Construction
    WOOD
    Lot size
    13.31 lot acres
    Property size
    6,228 SF
    Zone code
    R3
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    45-11-08-451-021.000-036
    APU
    451108451021000036

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $225,000

    • CAP approach

      CAP return
      Estimation
      6%
      $255,000
      6.5%
      $245,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $225,000
      Mixed-Use
      $225,000
      Hospitality
      $210,000
      Educational
      $225,000
      Residential Income
      $210,000
      Energy
      $280,000
      Income-Based Land
      $280,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Schererville
    County
    Lake
    State
    Indiana
    Longitude
    -87.4773
    Latitude
    41.4964
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,386
    $70,000
    $167,900
    $237,900
    -
    $70,000
    $167,900
    $237,900

    Comparable in this City

    • Value Estimation by Request
      6,040 SF

      1535 Maple Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,040 SF
      1535 Maple Pl, Schererville, IN 46375-1063
      View Details
    • Value Estimation by Request
      4,616 SF

      150 Plum Crk Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,616 SF
      150 Plum Crk Dr, Schererville, IN 46375-1196
      View Details
    • Value Estimation
      $115,000
      4,726 SF

      1853 Burgundy St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,726 SF
      1853 Burgundy St, Schererville, IN 46375-1915
      View Details
    • Value Estimation
      $325,000
      6,228 SF

      1106 Lakewood Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,228 SF
      1106 Lakewood Ct, Schererville, IN 46375-1096
      View Details
    • Value Estimation
      $230,000
      6,228 SF

      1537 Lakewood Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,228 SF
      1537 Lakewood Ln, Schererville, IN 46375-1095
      View Details
    • Value Estimation
      $1,035,000
      5,712 SF

      1412-14 Lincoln Hwy

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,712 SF
      1412-14 Lincoln Hwy, Schererville, IN 46375
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • $4,100 /Mo
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      Retail Space in Schererville, IN

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      View Details
    • Contact for pricing
      23,459 SF

      Schererville Medical Office Space

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      322 Indianapolis Blvd, Schererville, IN 46375
      View Details
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    Schererville, IN 46375-1096
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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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