4344 N Lakeshore Dr · Lakes of the Four Seasons, IN 46307

$275,000

4 bd · 2.0 ba · 2,190 sqft · SingleFamily public records · 13 Days on market

Built 1977 10,018 sqft lot Est $359k · 23% under $154/mo HOA · 6% of rent

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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 +12.0/30.0
• Schools +5.0/10.0
• 1% rule +3.7/10.0
• DSCR +3.6/10.0
• Livability +3.5/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

4 Bedroom, 2 bath quad-level home in Lakes of the Four Seasons. This golf course lot home has a newer in-ground pool right in your own back yard! Other features include: main bedroom with attached bath, walk-out lower level, gas fireplace in rec-room, storage shed, fenced area around pool and all appliances included. This gated community has boating and fishing lakes, Swimming pools, tennis courts, club house and more.

Key facts

• Huge family room
• Large living room
• Inground pool

Tags

• LARGE LIVING ROOM
• SEPARATE DINING AREA
• NICE SIZED KITCHEN
• HUGE FAMILY ROOM
• LARGE FINISHED BONUS ROOM
• INGROUND POOL

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $-64 ($-770/yr) — negative.
• To cash-flow at today's rent, offer at most $264k (4.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $240k (12.6% below list).
• Recommended offer: $240k (12.6% below list) — sets the bar for 1% rule.
• Cap rate 6.0% 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 2d 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

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 22y 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.

Recommended offer $240,384 (12.6% 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. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.87% ✗
• Cap rate: 6.01%
• Cash-on-cash: -1.00%
• DSCR: 0.96
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $359,160
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4344 N Lakeshore Dr	0.00mi	4/2.0	2,448 (+12%)	0mo	$270,000	$110	80
1340 Brandywine Rd	0.23mi	4/2.0	2,154 (-2%)	12mo	$315,000	$146	76
3002 Sunrise Dr	0.31mi	4/2.5	2,288 (+4%)	2mo	$430,000	$188	75
4311 Hogan Ct	0.47mi	4/2.0	2,253 (+3%)	2mo	$389,900	$173	72
3036 Sunrise Dr	0.40mi	4/2.0	2,248 (+3%)	9mo	$295,000	$131	70
4149 Oakmont Ct	0.26mi	3/2.5 (-1)	2,396 (+9%)	6mo	$465,000	$194	60
1511 Ivygate Ct	0.50mi	3/2.0 (-1)	2,088 (-5%)	10mo	$330,000	$158	56
1065 Shoreline Rd	0.28mi	5/3.0 (+1)	2,502 (+14%)	1mo	$469,900	$188	53
1327 Brandywine Rd	0.35mi	3/3.0 (-1)	2,400 (+10%)	8mo	$360,000	$150	52
4140 Augusta Dr	0.42mi	4/2.5	2,499 (+14%)	6mo	$350,900	$140	50
1515 Happy Valley Rd	0.53mi	3/2.5 (-1)	1,985 (-9%)	7mo	$325,000	$164	47
1275 Brandywine Rd	0.72mi	4/2.0	1,962 (-10%)	10mo	$338,000	$172	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -18.5%
• Equity multiple: 0.35×
• Total profit: $-49,705
• Equity at exit: $41,003

10-year hold

• IRR: -11.7%
• Equity multiple: 0.31×
• Total profit: $-52,840
• Equity at exit: $23,777

Cash invested: $77,000 (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: 9.5×

Monthly cashflow live

• Estimated rent: $2,404 medium
• Mortgage (P&I): −$1,442
• Tax from tax record: −$252 /mo · $3,030/yr
• Insurance: −$115
• HOA: −$154
• Vacancy / Maint / Mgmt: −$505
• Net cashflow: $-64

Break-even live

Break-even rent $2,485

Max offer price $263,665

Occupancy floor 98%

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1586 Sunnyslope Dr Crown Point, IN	3.0	1.5	1848	$2,400	$1.30	1d	1	0.80mi
10859 Park St Unit Park Crown Point, IN	3.0	2.0	1600	$2,200	$1.38	22d	1	1.09mi
10859 Park St Crown Point, IN	3.0	2.0	1800	$2,200	$1.22	1d	1	1.09mi

HOA detail

• Monthly dues: $154 · $1,848/yr
• Likely covers: gaspoolsecurity

Listing history 7 events

1. 2026-02-25
   status Pending
2. 2026-02-12
   listed $275,000 Active
3. 2019-05-09
   soldstatus $243,400 423-char remark

   Show marketing remark (423 chars)

   4 Bedroom, 2 bath quad-level home in Lakes of the Four Seasons. This golf course lot home has a newer in-ground pool right in your own back yard! Other features include: main bedroom with attached bath, walk-out lower level, gas fireplace in rec-room, storage shed, fenced area around pool and all appliances included. This gated community has boating and fishing lakes, Swimming pools, tennis courts, club house and more.

4. 2018-11-20
   listed $243,400 423-char remark

   Show marketing remark (423 chars)

   4 Bedroom, 2 bath quad-level home in Lakes of the Four Seasons. This golf course lot home has a newer in-ground pool right in your own back yard! Other features include: main bedroom with attached bath, walk-out lower level, gas fireplace in rec-room, storage shed, fenced area around pool and all appliances included. This gated community has boating and fishing lakes, Swimming pools, tennis courts, club house and more.

5. 2014-04-24
   soldstatus $167,500 1053-char remark

   Show marketing remark (1053 chars)

   PRICED TO SELL! Come see this very well maintained 4 bd, 1.75 ba, 2190 SF, Quad-level home that sits on a beautiful golf course lot. Enjoy the spacious formal living & dining room, large & cozy LL family room with brick wall gas fireplace. The kitchen has new cabinets, countertop, new ceramic flooring & includes all the appliances. New laminate wood flooring on the main floor & brand new carpeting in the lower level family room. Both bathrooms have been updated. Roof is approximately 2 years. This home is located in Lakes of the Four Seasons, a private gated community in the heart of NW Indiana & 50 miles SE of Chicago. The community has many amenities including: 4 lakes for fishing (lakes are stocked), 13 parks, boating, swimming & skiing. There is a clubhouse that houses one of the 2 restaurants & lounges in the Seasons. You will find a 18 hole golf course, tennis courts, walking paths, & beaches. LOFS Clubs: softball leagues, little league, & soccer leagues. Resort living year round!

6. 2014-04-02
   listed $179,900 1053-char remark

   Show marketing remark (1053 chars)

   PRICED TO SELL! Come see this very well maintained 4 bd, 1.75 ba, 2190 SF, Quad-level home that sits on a beautiful golf course lot. Enjoy the spacious formal living & dining room, large & cozy LL family room with brick wall gas fireplace. The kitchen has new cabinets, countertop, new ceramic flooring & includes all the appliances. New laminate wood flooring on the main floor & brand new carpeting in the lower level family room. Both bathrooms have been updated. Roof is approximately 2 years. This home is located in Lakes of the Four Seasons, a private gated community in the heart of NW Indiana & 50 miles SE of Chicago. The community has many amenities including: 4 lakes for fishing (lakes are stocked), 13 parks, boating, swimming & skiing. There is a clubhouse that houses one of the 2 restaurants & lounges in the Seasons. You will find a 18 hole golf course, tennis courts, walking paths, & beaches. LOFS Clubs: softball leagues, little league, & soccer leagues. Resort living year round!

7. 2004-02-26
   listed $154,900

ⓘ 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: $3,030 · $252/mo
• Projected year-2 tax: $3,030 · $252/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 2/10 Low
• 🌡 Heat 2/10 Low 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: $28,846
• − Mortgage interest: −$15,404
• − Property taxes: −$3,030
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,308
• − Management: −$2,308
• − HOA: −$1,848
• − Depreciation: −$8,000
• Taxable loss: −$5,426
• Est. tax savings @ 24.0%: +$1,302
• After-tax cash flow: $532/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

+77.5% since first listed

7 events — show timeline

• 2026-02-25 Pending — NIRA MLS as Distributed by MLS Grid
• 2026-02-12 Listed $275,000 NIRA MLS as Distributed by MLS Grid
• 2019-05-09 Sold (MLS) $243,400 NIRA MLS as Distributed by MLS Grid
• 2018-11-20 Listed $243,400 NIRA MLS as Distributed by MLS Grid
• 2014-04-24 Sold (MLS) $167,500 NIRA MLS as Distributed by MLS Grid
• 2014-04-02 Listed $179,900 NIRA MLS as Distributed by MLS Grid
• 2004-02-26 Listed $154,900 NIRA MLS as Distributed by MLS Grid

Property tax history

+4.2%/yr

Latest (2024): $3,030 · +5.5% YoY. Source: county tax records.