651 Eleanor Rose Ct

Crown Point, Indiana, 46307

Tax LienpendingSells Sep 8, 2026 · 32 days ago

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Beds: 4
Baths: 4
SqFt: 5,590
Lot Size: 102,811
Year Built: 2020
APN: 45-16-07-455-002.000-042

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Owner Occupied
Length of Ownership: 3 Years 8 Months
Purchase Method: Financed
County: Lake

Value

Estimated Value: $1,490,000
County Market Value: $1,320,300; 2024
Assessed Value: $1,320,300; 2025

Mortgage & Debt

Open Mortgages: 1
Estimated Balance: $465,500
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Document Type: Intrafamily Transfer

Opportunity

Opening Bid: $31,140
Bid / Value: 2%; of $1,490,000
Property Tax 2024: $12,766; annual bill · not the amount owed
Equity (est.): $1,039,064; 69%
Monthly Rent: $1,560; Suggested rent
Gross Yield: 1.26%

Opening bid

$31,140

Assessed value

$1,320,300

Land $196,300Improvement $1,124,000

Market / AVM

$1,490,000

Property tax 2024

$12,766

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 8/25/2026

Ownership Information

Owner 1 Name: Zach Franks
Mailing Address: 651 Eleanor Rose Ct, Crown Point, IN 46307
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Total Rooms: 11
Bedrooms: 4
Total Bathrooms

Deal analysis

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #
11/30/2024	First	$465,500	Conventional	Rocket Mortgage Llc	360	12/01/2054	2024-544238

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #	Open
11/30/2024	First	$465,500	Conventional	Rocket Mortgage Llc	360	12/01/2054	2024-544238	Yes

Sale Date	Recorded	Document	Doc #	Arm's Length	Method	Buyer	Seller
07/25/2022	12/02/2022	Intrafamily Transfer	2022-548059	No	Financed	Zach Franks	Zach Franks, Zachary Franks Revocable Trust
12/20/2018	12/26/2018	Warranty Deed	2018 088837	Yes	Cash Purchase	Zachary Franks Revocable Trust	Betty Llc
11/13/2017	11/17/2017	Warranty Deed	2017 078429	Yes	Cash Purchase	Betty Llc	Ef Phase 15 Llc

Your maximum bid

$880,070

Walk away above this. Projected profit at the ceiling: $447,000 (30% of ARV).

Opening bid $31,140

Room to bid $848,930

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

History-guided suggestion

$335,509

Under max by $544,561

≤ 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 $1,490,000. 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: $1,490,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$119,200
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 ~$2,235/month.: −$40,230
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): −$447,000
Maximum bid: $880,070

If the owner redeems

Flat penalty

10%

You'd receive

$88,007

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.

651 Eleanor Rose Ct

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

651 Eleanor Rose Ct

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

Area

Fair Market Rents

Tax Assessment Information

Open Mortgages

Mortgage History

Sale History

County records

Lake County rules

Historical comps

Verify before you bid