5035 Spinnaker Ln Unit C · Lakes of the Four Seasons, IN 46307

$274,980

2 bd · 1.5 ba · 1,460 sqft · Condo public records · 252 Days on market

Built 1990 $188/sqft · 17% below area Est $330k · 17% under $300/mo HOA · 15% of rent

---

Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +7.5/30.0
• Schools +5.0/10.0
• Livability +3.5/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

Key facts

• Gated community
• Open floor plan
• Laminate flooring

Tags

• GATED COMMUNITY
• LAKE VIEWS
• OPEN FLOOR PLAN
• LAMINATE FLOORING
• COZY FIREPLACE
• BALCONY

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $275k.

Deal economics

• At list price, monthly cash flow is $-345 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $214k (22.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $204k (25.8% below list).
• Recommended offer: $204k (25.8% below list) — sets the bar for 1% rule.
• Cap rate 4.8% vs local median 3.4% in Lakes of the Four Seasons — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#190 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: schools D-, amenities F, commute F.
• Crown Point Community School Corporation (suburban): math 51% / reading 61% proficiency, ranked #23 of 301 in IN (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 18% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+2.5%/yr); 739 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 1d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,642 units permitted in Lake County in 2024 (14 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Lake County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 252 days — a 12% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 25y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $106k; list at $275k implies a 159% gain — meaningful room to come down on a strong offer.

Recommended offer $203,989 (25.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 252 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.74% ✗
• Cap rate: 4.79%
• Cash-on-cash: -5.37%
• DSCR: 0.76
• GRM: 11.2

CMA / ARV

• ARV (median comp): $330,053
• List price: $274,980
• Delta: -16.69%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.53% rent growth · sell at horizon

5-year hold

• IRR: -26.0%
• Equity multiple: 0.12×
• Total profit: $-67,399
• Equity at exit: $41,000

10-year hold

• IRR: -24.2%
• Equity multiple: -0.18×
• Total profit: $-90,586
• Equity at exit: $23,775

Cash invested: $76,994 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 46307

• Rents YoY: 2.5%
• Active inventory: 739
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $2,040 medium
• Mortgage (P&I): −$1,442
• Tax from tax record: −$99 /mo · $1,194/yr
• Insurance: −$115
• HOA: −$300
• Vacancy / Maint / Mgmt: −$428
• Net cashflow: $-345

Break-even live

Break-even rent $2,476

Max offer price $214,112

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $68,745
• Closing costs: $8,249
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3788 Kingsway Dr Crown Point, IN	3.0	2.0	1300	$2,350	$1.81	1d	1	1.00mi
1586 Sunnyslope Dr Crown Point, IN	3.0	1.5	1848	$2,400	$1.30	1d	1	1.12mi
160 Meadows Cir Unit 160 Crown Point, IN	2.0	2.0	900	$1,395	$1.55	43d	1	1.38mi

HOA detail condo

• Monthly dues: $300 · $3,600/yr
• Likely covers: waterlandscapingsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-18
   price $274,980 Active 252 DOM
2. 2026-06-18
   days on market $274,981 Active 252 DOM
3. 2026-06-17
   days on market $274,981 Active 251 DOM
4. 2026-06-16
   days on market $274,981 Active 250 DOM
5. 2026-06-15
   days on market $274,981 Active 249 DOM
6. 2026-06-13
   days on market $274,981 Active 247 DOM
7. 2026-06-13
   pricedays on market $274,981 Active 246 DOM
8. 2026-06-09
   days on market $274,982 Active 243 DOM
9. 2026-06-08
   days on market $274,982 Active 242 DOM
10. 2026-06-07
    days on market $274,982 Active 241 DOM
11. 2026-06-04
    days on market $274,982 Active 238 DOM
12. 2026-06-03
    days on market $274,982 Active 237 DOM
13. 2026-06-02
    days on market $274,982 Active 236 DOM
14. 2026-06-01
    days on market $274,982 Active 235 DOM
15. 2026-05-31
    days on market $274,982 Active 234 DOM
16. 2026-04-28
    price $274,985 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

17. 2026-04-23
    price $274,986 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

18. 2026-04-17
    price $274,987 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

19. 2026-04-07
    price $274,988 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

20. 2026-03-31
    price $274,989 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

21. 2026-03-13
    price $274,990 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

22. 2026-03-05
    price $274,991 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

23. 2026-02-23
    price $274,992 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

24. 2026-02-09
    price $274,993 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

25. 2026-01-29
    price $274,994 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

26. 2026-01-21
    price $274,995 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

27. 2026-01-06
    price $274,996 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

28. 2025-12-29
    price $274,997 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

29. 2025-12-09
    price $274,998 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

30. 2025-12-02
    price $274,999 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

31. 2025-10-09
    listed $275,000 Active 1148-char remark

    Show marketing remark (1148 chars)

    Welcome to resort-style living in the highly sought-after gated community of Lakes of the Four Seasons! This spacious 2-bedroom, 2-bathroom condo offers breathtaking lake views. Inside, you'll find an open and airy floor plan with laminate flooring throughout the main living area, a cozy fireplace, and balcony perfect for relaxing or entertaining while enjoying the scenic water views. The primary bedroom features a walk-in closet and an en-suite bathroom, offering both comfort and privacy. A convenient in-unit washer and dryer add to the ease of living. Rentable boat docks near by. Lakes of the Four Seasons offers a wide range of unmatched amenities, including: Multiple lakes and beaches Private parks and playgrounds Golf course and clubhouse On-site restaurants Year-round community events, parades, festivals, and clubs for all interests This is more than just a condo--it's a lifestyle. Whether you're enjoying the serene lake views from your living room or taking part in the endless activities the community has to offer, you'll feel like you're on vacation every day. Don't miss your chance to own a piece of paradise in LOFS!

32. 2014-04-03
    soldstatus $106,000 523-char remark

    Show marketing remark (523 chars)

    Great new price for this LAKE VIEW unit with loft! This is it!!! Gorgeous LAKE Views await you. 2 bedroom condo with a unique bonus loft area that overlooks the living room. Fireplace, too! Enjoy your morning coffee or tea on your balcony overlooking Lake Holiday! Great Lakes of Four Seasons amenities include golf, boating, swimming, clubhouse and more. THIS IS A FANNIE MAE HOMEPATH PROPERTY. PURCHASE THIS HOME FOR AS LITTLE AS 5% DOWN! THIS PROPERTY APPROVED FOR HOMEPATH AND HOMEPATH RENOVATION MORTGAGE FINANCING.

33. 2014-01-21
    listed $99,900 523-char remark

    Show marketing remark (523 chars)

    Great new price for this LAKE VIEW unit with loft! This is it!!! Gorgeous LAKE Views await you. 2 bedroom condo with a unique bonus loft area that overlooks the living room. Fireplace, too! Enjoy your morning coffee or tea on your balcony overlooking Lake Holiday! Great Lakes of Four Seasons amenities include golf, boating, swimming, clubhouse and more. THIS IS A FANNIE MAE HOMEPATH PROPERTY. PURCHASE THIS HOME FOR AS LITTLE AS 5% DOWN! THIS PROPERTY APPROVED FOR HOMEPATH AND HOMEPATH RENOVATION MORTGAGE FINANCING.

34. 2014-01-18
    historical
35. 2013-10-19
    listed $109,900
36. 2013-10-19
    historical
37. 2013-06-30
    listed $134,700
38. 2013-01-01
    historical
39. 2012-05-11
    listed $129,899
40. 2012-05-01
    historical
41. 2011-11-15
    listed $129,992
42. 2011-08-01
    historical
43. 2011-01-27
    listed $139,893
44. 2010-09-13
    historical
45. 2010-03-12
    listed $139,898
46. 2009-08-31
    historical
47. 2009-04-02
    historical
48. 2009-04-02
    listed $154,898
49. 2008-11-05
    listed $159,989
50. 2008-10-22
    historical

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $1,194 · $99/mo
• Projected year-2 tax: $1,766 · $147/mo
• Expected delta: +$572/yr (+$48/mo · 47.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,479
• − Mortgage interest: −$15,403
• − Property taxes: −$1,194
• − Insurance: −$1,375
• − Repairs & maintenance: −$1,958
• − Management: −$1,958
• − HOA: −$3,600
• − Depreciation: −$7,999
• Taxable loss: −$9,009
• Est. tax savings @ 24.0%: +$2,162
• After-tax cash flow: $-1,973/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Crown Point Community School Corporation
• NCES district ID: 1802490
• Math proficiency: 51% ▼ -9.00%
• Reading proficiency: 61% ▼ -8.00%
• Median HH income: $69,148
• Composite: 49.55/100
• National rank: #1990
• State rank: #23 of 301 in IN

Livability — Lakes of the Four Seasons

• Score: 69/100
• State rank: #190
• US rank: #8734

Category grades

Amenities F Commute F Cost of living A- Crime A+ Employment A+ Housing A+ Health & safety D- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lakes of the Four Seasons, IN
• County: Lake County · 422,878 people
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 71,673
• Household income: $107,800
• Rent vs Own: 12.0% rent · 88.0% own
• Severe rent burden: 705.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 484,026 people
• By 2030: 478,091 · -1.2%
• By 2040: 462,974 · -4.3%
• By 2050: 449,894 · -7.1%
• By 2075: 436,169 · -9.9%
• By 2100: 426,607 · -11.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 12% Two or more races 10% Black 7% Asian 2%
• Hispanic origin (detail): Mexican 9% Puerto Rican 1%
• Common ancestry: Romanian 12% Iranian 3% Lithuanian 2%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 88% English-only · Spanish 5% Russian/Polish/Slavic 3% Other Indo-European 1%

Political lean MEDSL · Lake

• 2024 margin: Lean D (+5.6) · D 52.1% · R 46.5% · Other 1.5%
• 2008→2024 swing: -28.6pp toward R · 2008: 34.3pp · 2024: 5.6pp
• All cycles: 2024: D+5.6 2020: D+15.1 2016: D+20.6 2012: D+31.0 2008: D+34.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -164.91%
• Current HPI: 226.0335
• Rent YoY: ▲ 2.53%
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

+111.7% since first listed

37 events — show timeline

• 2026-04-28 Price Changed $274,985 NIRA MLS as Distributed by MLS Grid
• 2026-04-23 Price Changed $274,986 NIRA MLS as Distributed by MLS Grid
• 2026-04-17 Price Changed $274,987 NIRA MLS as Distributed by MLS Grid
• 2026-04-07 Price Changed $274,988 NIRA MLS as Distributed by MLS Grid
• 2026-03-31 Price Changed $274,989 NIRA MLS as Distributed by MLS Grid
• 2026-03-13 Price Changed $274,990 NIRA MLS as Distributed by MLS Grid
• 2026-03-05 Price Changed $274,991 NIRA MLS as Distributed by MLS Grid
• 2026-02-23 Price Changed $274,992 NIRA MLS as Distributed by MLS Grid
• 2026-02-09 Price Changed $274,993 NIRA MLS as Distributed by MLS Grid
• 2026-01-29 Price Changed $274,994 NIRA MLS as Distributed by MLS Grid
• 2026-01-21 Price Changed $274,995 NIRA MLS as Distributed by MLS Grid
• 2026-01-06 Price Changed $274,996 NIRA MLS as Distributed by MLS Grid
• 2025-12-29 Price Changed $274,997 NIRA MLS as Distributed by MLS Grid
• 2025-12-09 Price Changed $274,998 NIRA MLS as Distributed by MLS Grid
• 2025-12-02 Price Changed $274,999 NIRA MLS as Distributed by MLS Grid
• 2025-10-09 Listed $275,000 NIRA MLS as Distributed by MLS Grid
• 2014-04-03 Sold (MLS) $106,000 NIRA MLS as Distributed by MLS Grid
• 2014-01-21 Listed $99,900 NIRA MLS as Distributed by MLS Grid
• 2014-01-18 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2013-10-19 Listed $109,900 NIRA MLS as Distributed by MLS Grid
• 2013-10-19 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2013-06-30 Listed $134,700 NIRA MLS as Distributed by MLS Grid
• 2013-01-01 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2012-05-11 Listed $129,899 NIRA MLS as Distributed by MLS Grid
• 2012-05-01 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2011-11-15 Listed $129,992 NIRA MLS as Distributed by MLS Grid
• 2011-08-01 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2011-01-27 Listed $139,893 NIRA MLS as Distributed by MLS Grid
• 2010-09-13 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2010-03-12 Listed $139,898 NIRA MLS as Distributed by MLS Grid
• 2009-08-31 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2009-04-02 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2009-04-02 Listed $154,898 NIRA MLS as Distributed by MLS Grid
• 2008-11-05 Listed $159,989 NIRA MLS as Distributed by MLS Grid
• 2008-10-22 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2008-08-04 Listed $159,997 NIRA MLS as Distributed by MLS Grid
• 2001-12-31 Listed $129,900 NIRA MLS as Distributed by MLS Grid

Property tax history

+3.0%/yr

Latest (2024): $1,194 · -30.7% YoY. Source: county tax records.