NOT LISTED FOR SALE

1027 N Wells St Gary, IN 46403

Miller Neighborhood

Estimated Value: $55,000 - $66,000

0.14 Acre
$428,804 Price per Acre
6,011 Sq Ft Lot

Last Sold March 08, 2024

Last sale price $50,000

Est. 18% increase in value since last sale

Current estimated payment $361/month

164 Days on Market

About This Lot

As of March 2024

MILLER BEACH LOT - PRICE ADJUSTMENT!! MOTIVATED SELLER!! 1 1/2 blocks from Lake Michigan Wells St. Beach! Build your dream beach home here. Great location -nearly level lot - easy to get to Chicago, trains, and expressway. Adjacent to IN Dunes West Beach Nat'l Park. Common area fire pit and a brick walkway runs down the middle of the block. Close to great hiking trails in the Dunes! Minutes from Marquette Park, downtown Miller Beach and 40 miles to Chicago! All expensive utility taps are in - gas, water, sewer, electric, phone & cable! $990k utility structure for the entire block is in place! NOTE: each lot has a slab foundation that needs to be removed before construction. Seller is motivated!

Last Agent to Sell the Property

Iris Varlan

McColly Real Estate License #RB14039132 Listed on: 09/08/2023

McColly Real Estate

Last Buyer's Agent

Alan Harrell

McColly Real Estate License #RB14052205

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,058

Lot Details

  • 6,011 Sq Ft Lot
  • Lot Dimensions are 60 x 100
  • Building or Site Plan Approved

Listing and Financial Details

  • Assessor Parcel Number 450533234032000004

Community Details

Overview

  • Property has a Home Owners Association
  • East Edge Subdivision

Recreation

  • Lake Privileges

Property Details

Property Type

Land

Est. Annual Taxes

$1,058

Lot Details

0

Listing Details

  • Property Type: Land
  • Current Use: Other
  • Reso Property Sub Type: Unimproved Land
  • Road Frontage Type: See Remarks
  • ResoLotFeatures: Level
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Body Name: Lake Michigan
  • Co List Office Mls Id: NRA246
  • Subdivision Name: East Edge
  • Reso Other Structures: None
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential

Exterior Features

  • Acres: 0.138
  • Waterfront Features: Lake Privileges

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: Yes

Lot Info

  • Development Status: Site Plan Approved
  • Lot Dimensions: 60 x 100
  • Lot Size Sq Ft: 6011
  • Parcel #: 450533234032000004

Rental Info

  • LeaseType: Net

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1058

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Mar 4, 2024
Sold by
Domer Pilar
Bought by
Mortom Llc
Seller's Agent
Iris Varlan
McColly Real Estate
Buyer's Agent
Alan Harrell
McColly Real Estate
List Price
$88,000
Sold Price
$50,000
Premium/Discount to List
-$38,000
-43.18%
Views
171
Current Estimated Value
$59,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,175
Avg. Annual Appreciation
11.25%

Purchase Details

Listed on
Jun 1, 2020
Closed on
Mar 2, 2021
Sold by
East Edge Llc
Bought by
Domer Pilar
Seller's Agent
Eileen Casey
@properties/Christie's Intl RE
Buyer's Agent
Iris Varlan
McColly Real Estate
List Price
$36,000
Sold Price
$36,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.74%
Original Mortgage
$30,000
Interest Rate
2.73%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mortom Llc -- Community Title Company
Mortom Llc $50,000 Community Title Company
Domer Pilar $36,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Domer Pilar $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/08/2024 03/08/24 Sold $50,000 0.0% --
03/08/2024 03/08/24 Price Changed $50,000 -34.2% --
02/19/2024 02/19/24 Pending -- -- --
11/16/2023 11/16/23 Price Changed $76,000 -13.6% --
09/08/2023 09/08/23 For Sale $88,000 +144.4% --
03/22/2021 03/22/21 Sold $36,000 0.0% -- View Prior Sale
02/20/2021 02/20/21 Pending -- -- --
06/01/2020 06/01/20 For Sale $36,000 -- --
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $548 $38,700 $38,700 --
2023 $542 $42,700 $42,700 --
2022 $1,058 $29,700 $29,700 $0
2021 $1,044 $29,300 $29,300 $0
2020 $1,044 $29,300 $29,300 $0
2019 $870 $28,800 $28,800 $0
2018 $740 $23,500 $23,500 $0
2017 $749 $23,500 $23,500 $0
2016 $707 $22,400 $22,400 $0
2014 $772 $23,100 $23,100 $0
2013 $747 $23,000 $23,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Iris Varlan

    Seller's Agent in 2024

    Iris Varlan

    McColly Real Estate

    (219) 916-0260

    2 in this area

    16 Total Sales

    Iris Varlan
    Section Image

  • A

    Buyer's Agent in 2024

    Alan Harrell

    McColly Real Estate

    (219) 241-1556

    39 in this area

    91 Total Sales

    Alan Harrell
    Section Image
  • Eileen Casey

    Seller's Agent in 2021

    Eileen Casey

    @ Properties

    (773) 742-9611

    14 in this area

    65 Total Sales

    Eileen Casey
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 538118

Northwest Indiana Association of REALTORS®

APN: 45-05-33-234-032.000-004

Indiana Lake County Gary 46403 Miller

1027 N Wells St, Gary, IN

This home is located at 1027 N Wells St, Gary, IN 46403 since 08 September 2023 and is currently estimated at $59,175. 1027 N Wells St is a home located in Lake County with nearby schools including Banneker Elementary at Marquette, Gary Middle School, and West Side Leadership Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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