9418 Verbena Dr

Munster, Indiana, 46321

Tax LienpendingSells Sep 8, 2026 · 32 days ago

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Beds: 3
Baths: 2
SqFt: 1,692
Lot Size: 12,375
Year Built: 1974
APN: 45-07-30-304-016.000-027

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Company
Length of Ownership: 4 Years
Purchase Method: Financed
County: Lake

Value

Estimated Value: $456,000
County Market Value: $455,700; 2024
Assessed Value: $455,700; 2025

Mortgage & Debt

Open Mortgages: 1
Estimated Balance: $319,200
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Public Record: $399,000; 08/10/2022
Document Type: Warranty Deed

Opportunity

Opening Bid: $31,320
Bid / Value: 7%; of $456,000
Property Tax 2024: $10,565; annual bill · not the amount owed
Equity (est.): $160,696; 35%
Monthly Rent: $1,500; Suggested rent
Gross Yield: 3.95%

Opening bid

$31,320

Assessed value

$455,700

Land $69,300Improvement $386,400

Market / AVM

$456,000

Property tax 2024

$10,565

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 8/25/2026

Ownership Information

Owner 1 Name: United Restaurants Llc
Mailing Address: 9418 Verbena Dr, Munster, IN 46321
Owner Type: Company
Corporate Owned: Yes

Property Characteristics

Total Rooms: 9
Bedrooms: 3
Total Bathrooms

Deal analysis

Date	Status	Price	Days on Market	Agent	Office
01/16/2025	Off Market	$480,000	1	Nicole Hanson	Advanced Real Estate, LLC
10/20/2024	Active	$439,900	1	Nicole Hanson	Advanced Real Estate, LLC
07/01/2022	Off Market	$399,900	15		Coldwell Banker Realty
07/08/2022	Pending	$399,900	61		Coldwell Banker Realty
06/17/2022	Active	$399,900	19

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #
08/10/2022	First	$319,200	Commercial	Origin Bank	60	08/10/2027	2022-533503

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #	Open
08/10/2022	First	$319,200	Commercial	Origin Bank	60	08/10/2027	2022-533503	Yes

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
08/10/2022	08/15/2022	$399,000	Warranty Deed	2022-533503	Yes	Financed	United Restayrants Llc	Dean Ricciardi, Mary Kay Ricciardi
05/22/2019	05/30/2019		Deed	2019 032088	Yes	Cash Purchase	Dean Ricciardi, Mary Kay Ricciardi	Ronald F Plewniak Living Trust, Alan Plewniak
05/02/2017	05/04/2017		Intrafamily Transfer	2017 027445	No

Your maximum bid

$266,908

Walk away above this. Projected profit at the ceiling: $136,800 (30% of ARV).

Opening bid $31,320

Room to bid $235,588

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$114,879

Under max by $152,029

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for IN|Tax Lien; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $456,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $456,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$36,480
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical IN range ($1,500–$5,000, ~4 months).: −$3,250
Deed recording and transferassumed Typical IN recording and deed issuance cost.: −$250
Holding costs (18 months)assumed Taxes, insurance, and securing the property at ~$684/month.: −$12,312
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$136,800
Maximum bid: $266,908

If the owner redeems

Flat penalty

10%

You'd receive

$26,691

Window

365 days

IN sells liens: the expected outcome is redemption with interest, not ownership. Taking title needs a separate foreclosure after 365 days.

Quoted elsewhere as 20% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. THE PENALTY BASE IS THE MINIMUM BID, NOT YOUR BID. 110%/115% under IC 6-1.1-25-2 is computed on the minimum bid; the amount you paid above it earns only 5% per annum, and only for sales after 2014-06-30. Indiana sells by premium bidding, so on any competitive parcel the modelled tier overstates the return — a $1,200 minimum taken at $6,000 returns 10% on $1,200 and 5%/yr on $4,800, not 10% on $6,000. Treat the computed penalty as a ceiling until the type carries a penalty base.
Indiana's ratio is 1.0, but IC 6-1.1-31-6(c) says in terms that true tax value DOES NOT mean fair market value — it means market value-in-use, the value of the parcel for its current use. On a derelict or under-used parcel, which is most of what reaches a tax sale, value-in-use can sit well below what the land would fetch redeveloped, and on special-purpose property it can sit above. A 1.0 ratio here is not a licence to treat the assessment as an appraisal; get comparable sales.

9418 Verbena Dr

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

9418 Verbena Dr

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment Information

Last Non-Arm's Length Ownership Transfer

Recording Information

Buyer/Seller Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Listing

MLS History

Area

Fair Market Rents

Tax Assessment Information

Open Mortgages

Mortgage History

Sale History

County records

Lake County rules

Historical comps

Verify before you bid