NOT LISTED FOR SALE

1231 W 56th Ave Merrillville, IN 46410

North Merrillville Neighborhood

Estimated Value: $204,000 - $235,741

4 Beds
2 Baths
1,161 Sq Ft
$190/Sq Ft Est. Value

About This Home

This home is located at 1231 W 56th Ave, Merrillville, IN 46410 and is currently estimated at $220,435, approximately $189 per square foot. 1231 W 56th Ave is a home located in Lake County with nearby schools including Merrillville Intermediate School, Edgar L Miller Elementary School, and Pierce Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2005
Sold by
Mercantile National Bank Of Indiana
Bought by
Jones Mack D and Jones Pamela S
Current Estimated Value
$220,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Outstanding Balance
$66,316
Interest Rate
5.69%
Mortgage Type
Fannie Mae Freddie Mac
Estimated Equity
$153,765

Purchase Details

Closed on
Jan 12, 2005
Sold by
The Bank Of New York
Bought by
Mercantile National Bank Trust #6800Lt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
5.5%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 2, 2004
Sold by
Buchanan Virgie Lee
Bought by
The Bank Of New York and Eqcc Trust 2001-2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
5.5%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Jones Mack D -- Community Title Company
Mercantile National Bank Trust #6800Lt -- Security Title
The Bank Of New York $77,622 Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Mack D $35,000
Open Jones Mack D $121,500
Previous Owner Mercantile National Bank Trust #6800Lt $82,500
Previous Owner The Bank Of New York $82,500
Source: Public Records

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 $3,714 $160,700 $36,100 $124,600
2023 $1,296 $158,500 $35,200 $123,300
2022 $1,197 $137,700 $29,500 $108,200
2021 $893 $114,900 $26,100 $88,800
2020 $784 $107,600 $24,400 $83,200
2019 $900 $106,400 $24,100 $82,300
2018 $921 $104,500 $24,100 $80,400
2017 $964 $106,500 $24,100 $82,400
2016 $916 $106,400 $23,200 $83,200
2014 $828 $109,500 $24,100 $85,400
2013 $872 $110,100 $26,000 $84,100
Source: Public Records

Map

Indiana Lake County Merrillville 46410 North Merrillville

1231 W 56th Ave, Merrillville, IN

This home is located at 1231 W 56th Ave, Merrillville, IN 46410 and is currently estimated at $220,435, approximately $189 per square foot. 1231 W 56th Ave is a home located in Lake County with nearby schools including Merrillville Intermediate School, Edgar L Miller Elementary School, and Pierce Middle School.

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.

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