NOT LISTED FOR SALE

1313 Van Buren St Gary, IN 46407

Midtown Neighborhood

Estimated Value: $61,000 - $155,000

5 Beds
2 Baths
2,472 Sq Ft
$51/Sq Ft Est. Value

Last Sold July 29, 2024

Last sale price $152,600 $62 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $815/month

209 Days on Market

Highlights

  • Wood Flooring
  • Detached Garage
  • Central Heating and Cooling System

About This Home

As of July 2024

How about INSTANT cashflow AND instant equity? Well that's what this investment property is offering its next owner!! Welcome to this exceptional brick property, boasting a seamless blend of modern updates and timeless charm! Perfectly suited for an investor, this property grosses $2000.00/mo. Astute investors, seize the opportunity for substantial market rents and over $10,000 in equity as this property appraised for $165,000! This multi-unit gem offers two distinct apartments: a spacious 3-bed/1-bath unit and a cozy 2-bed/1-bath unit, complete with a convenient laundry room. Step inside and discover a treasure trove of amenities, including appliances for both units. Immerse yourself in luxury with two fully renovated bathrooms, flawlessly updated plumbing and electrical systems, brand new flooring, elegant trim work, a fresh coat of paint, sleek new cabinets, stylish countertops, and contemporary light fixtures. Don't let this rare opportunity slip away! Seller will contribute to closing costs!

Last Agent to Sell the Property

Ashley Tarver

Coldwell Banker Real Estate Gr Listed on: 11/13/2023

Last Buyer's Agent

Steve Monsma

Weichert Realtors - Shoreline License #RB19002253

Weichert Realtors - Shoreline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $640

Year Built

  • Built in 1925

Lot Details

  • 3,615 Sq Ft Lot
  • Lot Dimensions are 121x30

Parking

  • Detached Garage

Interior Spaces

  • 2-Story Property
  • Laundry in unit

Kitchen

  • Oven
  • Gas Range
  • Range Hood

Flooring

  • Wood
  • Linoleum
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $2,000
  • Tenant pays for all utilities
  • The owner pays for exterior maintenance, taxes, sewer, management, HVAC maintenance
  • Assessor Parcel Number 450809257003000004

Community Details

Overview

  • 2 Units
  • Gary Land Companys 11 Subdivision

Building Details

  • New Taxes Expense $641
  • Gross Income $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$640

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1925
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: In Unit, Other
  • ResoLotFeatures: Back Yard
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA1775
  • Subdivision Name: Gary Land Companys 11
  • Above Grade Finished Sq Ft: 1236
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Range, Oven, Refrigerator, Range Hood, Range
  • Interior Amenities: Laminate Counters
  • Flooring: Ceramic Tile, Tile, Vinyl, Linoleum, Hardwood
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1236
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: None
  • Fencing: None
  • Acres: 0.083

Garage/Parking

  • Parking Features: Detached, Other, Garage Faces Rear

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Central
  • Water Source: Public

Lot Info

  • Lot Dimensions: 121x30
  • Lot Size Sq Ft: 3615.48
  • Parcel #: 450809257003000004

Rental Info

  • Tenant Pays: All Utilities
  • Owner Pays: Exterior Maintenance, Taxes, Sewer, Management, HVAC Maintenance

Tax Info

  • Year: 2023
  • New Taxes Expense: 641
  • Tax Annual Amount: 640

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 2000
  • Total Actual Rent: 2000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2023
Closed on
Jul 31, 2024
Sold by
Wilclay Ave Holdings Llc and Xero Up Llc
Bought by
Freeman Richard and Freeman Crystal
Seller's Agent
Ashley Tarver
Coldwell Banker Real Estate Gr
Buyer's Agent
Steve Monsma
Weichert Realtors - Shoreline
List Price
$155,000
Sold Price
$152,600
Premium/Discount to List
-$2,400
-1.55%
Views
333
Current Estimated Value
$126,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,077
Avg. Annual Appreciation
-15.80%
Original Mortgage
$114,450
Outstanding Balance
$113,663
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$12,860

Purchase Details

Closed on
Apr 5, 2024
Sold by
Ross Kelsey Fitzgerald
Bought by
Wilclay Ave Holdings Llc and Xero Up Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,450
Interest Rate
6.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2022
Sold by
Auditor Of Lake County
Bought by
Ross Kelsey

Purchase Details

Closed on
May 31, 2006
Sold by
Centex Home Equity Co Llc
Bought by
Herndon John

Purchase Details

Closed on
Aug 5, 2005
Sold by
Long Henry D and Economy Interiors Inc
Bought by
Centex Home Equity Co Llc and Centex Home Equity Corp
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Freeman Richard $152,600 Fidelity National Title
Wilclay Ave Holdings Llc -- None Listed On Document
Ross Kelsey $4,300 --
Herndon John $15,000 Resource Title Agency Inc
Centex Home Equity Co Llc $30,016 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freeman Richard $114,450
Previous Owner Wilclay Ave Holdings Llc $114,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2024 07/29/24 Sold $152,600 -1.5% $62 / Sq Ft
06/09/2024 06/09/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $155,000 +1.6% $63 / Sq Ft
02/29/2024 02/29/24 Off Market $152,600 -- --
01/29/2024 01/29/24 Price Changed $151,500 -3.5% $61 / Sq Ft
12/26/2023 12/26/23 Price Changed $157,000 -6.5% $64 / Sq Ft
12/05/2023 12/05/23 Price Changed $167,990 -1.2% $68 / Sq Ft
11/13/2023 11/13/23 For Sale $170,000 -- $69 / Sq Ft
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 $3,879 $45,100 $4,600 $40,500
2023 $641 $44,000 $4,600 $39,400
2022 $641 $25,000 $1,800 $23,200
2021 $592 $23,100 $1,800 $21,300
2020 $564 $22,000 $1,800 $20,200
2019 $1,110 $23,700 $1,800 $21,900
2018 $1,352 $39,700 $1,800 $37,900
2017 $895 $40,000 $1,800 $38,200
2016 $921 $41,800 $1,800 $40,000
2014 $1,107 $47,300 $2,100 $45,200
2013 $1,022 $45,500 $2,100 $43,400
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Ashley Tarver

    Coldwell Banker Real Estate Gr

  • Steve Monsma

    Buyer's Agent in 2024

    Steve Monsma

    Weichert Realtors - Shoreline

    (219) 713-9450

    6 in this area

    135 Total Sales

    Steve Monsma
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 541618

Northwest Indiana Association of REALTORS®

APN: 45-08-09-257-003.000-004

Indiana Lake County Gary 46407 Midtown

1313 Van Buren St, Gary, IN

This home is located at 1313 Van Buren St, Gary, IN 46407 since 13 November 2023 and is currently estimated at $126,523, approximately $51 per square foot. This property was built in 1925. 1313 Van Buren St is a home located in Lake County with nearby schools including Beveridge Elementary School, 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.

Nearby Homes