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Old 04-25-2013, 01:27 PM
 
6 posts, read 15,025 times
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We are currently looking at homes in the Valparaiso/Crown Point area. A few of the homes are located in subdivisions where there are only two block full of houses (21 homes) and the rest is empty land. It just looks so weird to have only a few houses and so much empty land around it. Is this typical of this area? Is this something we should stay away from? Any positives or negatives you can share?
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Old 04-25-2013, 07:01 PM
 
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Originally Posted by janeyjones06 View Post
We are currently looking at homes in the Valparaiso/Crown Point area. A few of the homes are located in subdivisions where there are only two block full of houses (21 homes) and the rest is empty land. It just looks so weird to have only a few houses and so much empty land around it. Is this typical of this area? Is this something we should stay away from? Any positives or negatives you can share?
When the housing crisis hit, Crown Point was in the midst of a massive new housing boom where tons of new subdivisions were started. However, many were not completed. As the economy has gotten better, some of the subdivisions have picked up (in all price ranges but more so in the new 200k-300k subdivisions) but some areas have remained stagnant. Many of these issues are mostly in subdivision on the east side of the city and in Winfield. You need to research each subdivision to find out a) when the project started b) on average, how many homes were built per year c) how many homes/lots are currently for sale. You should also research the financial situation as CP has subdivisions that are known to have financial issues (Deer Creek Estates, Doubletree Lake Estates, Doubletree West). There is also the subdivision "Falling Waters" that has probably had the most publicized and costly issues of any subdivision in NWI within the last 10 years.

As far as Valpo, it might have been the same situation, but I am not exactly sure.

As far as CP or Valpo as a whole, I wouldn't say it is an area to stay away from. But I personally would buy/build in a neighborhood with only few lots left or a newer neighborhood that is showing a lot of development.
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Old 04-26-2013, 12:29 PM
 
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Thank you! You have been very helpful. We are going to stick to just looking at homes with established neighborhoods. The empty lots just make me nervous. One last question. Do you know where I can look up how much a person paid for their home? Is that not public information like it is in Illinois?
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Old 04-26-2013, 01:20 PM
 
Location: Bloomington IN
8,590 posts, read 12,355,682 times
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It is public information, but the accuracy of the information will vary depending upon when one purchased the property. If it was more than 5 or 6 years ago, the information may not be accurate or online. Sales disclosure forms were not always filled out properly, accurately, or filled out at all. That changed a few years ago because of changes related to property taxes and assessment requirements. Information prior to that isn't worth much.

This state site has information going back to 2009
DLGF: Sales Disclosure

This one goes back to July of 2008.

Property Sales Disclosure Form Data Topic Page: STATS Indiana

I'm not aware of an online information source for Lake County prior to those years. The GIS site doesn't have it and neither the assessor or auditors office site has it. You can find the property tax information on the assessor's site. You have to go to the courthouse for sales prior to 2008/2009 and know that the information may not exist or may not be correct. People didn't take the requirement seriously or filled it out with incorrect information.
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Old 04-26-2013, 04:05 PM
 
2,157 posts, read 5,495,397 times
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Quote:
Originally Posted by janeyjones06 View Post
Thank you! You have been very helpful. We are going to stick to just looking at homes with established neighborhoods. The empty lots just make me nervous. One last question. Do you know where I can look up how much a person paid for their home? Is that not public information like it is in Illinois?
No problem! If you find a relatively new subdivision with a few lots left, you will pay more because of the premius of being one of the last homes built, but at the same time you won't necessarily feel like you are building the most expensive home on the block (especially if you are not in a cookie cutter neighborhood). You may also be interested in purchasing a lot (if you can find one) near the downtown area of CP or the downtown area of Valpo as opposed to newer outlying subdivisions or tearing down an old home and building new. Some homes near the downtown area of Valpo and CP are small and sitting on nice sized lots and can be had for the price you would pay for a lot in a subdivision.
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