NOT LISTED FOR SALE

1407 E 7th Ave Gary, IN 46402

Downtown Gary Neighborhood

Estimated Value: $56,000 - $151,000

3 Beds
1.5 Baths
1,875 Sq Ft
$53/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $48,300 $26 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $623/month

134 Days on Market

Highlights

  • Cape Cod Architecture
  • Enclosed Patio or Porch
  • Bathroom on Main Level
  • 2 Car Detached Garage
  • Living Room
  • Forced Air Heating System

About This Home

As of June 2023

Three bedroom two full bathroom, Cape Cod style home a spacious home with updates! Three levels for basement updates include new flooring, updated kitchen and updated bathrooms! Fixer upper lights on, no furnace!Newer windows and garage. Home is being Sold AS IS, in it's AS IS condition. No utilities on & none will be turned on - no electricity /gas nor water. SELLER IS NOT ACTIVATING.

Last Agent to Sell the Property

Binika Henderson

Heritage Real Estate Services, License #RB14040519 Listed on: 01/24/2023

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1942

Lot Details

  • 5,250 Sq Ft Lot
  • Lot Dimensions are 42x125

Parking

  • 2 Car Detached Garage

Home Design

  • Cape Cod Architecture
  • Fixer Upper
  • Vinyl Siding

Interior Spaces

  • 1,875 Sq Ft Home
  • Living Room
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • No Utilities

Community Details

  • Gary Land Companys 13Th Sub Subdivision
  • Net Lease

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 450803478002000004

Home Details

Home Type

Single Family

Year Built

Built in 1942

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1942
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Sidewalks
  • ResoOtherEquipment: None
  • Co List Office Mls Id: GNR1359
  • Subdivision Name: Gary Land Companys 13th Sub
  • Architectural Style: Cape Cod
  • GNR_Exterior: Vinyl
  • GNR_UnfinishedSquareFootage: 600
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: Yes
  • GNR_Well: No
  • GNR_TotalBathrooms: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_RealEstateOwnedYN: true
  • GNR_SewerYN: true
  • GNR_ShortSaleYN: false
  • GNR_MiscFeatures: Fixer Upper
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Interior Amenities: Main Floor Bathroom
  • Basement: Enclosed
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Porch-Enclosed
  • Acres: 0.1205

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Utilities: Off
  • Cooling Y N: No
  • Heating: Natural Gas

Lot Info

  • Lot Dimensions: 42X125
  • Lot Size Sq Ft: 5250
  • Parcel #: 450803478002000004

Tax Info

  • Year: 2021

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2023
Closed on
Jun 21, 2023
Sold by
3 Guys Investment Corp
Bought by
Mcgruder Darius
Seller's Agent
Binika Henderson
Heritage Real Estate Services,
List Price
$50,000
Sold Price
$48,300
Premium/Discount to List
-$1,700
-3.4%
Current Estimated Value
$98,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,656
Avg. Annual Appreciation
32.78%

Purchase Details

Closed on
Sep 30, 2022
Sold by
Joshua Perry
Bought by
Perry Hugh

Purchase Details

Closed on
May 4, 2020
Sold by
Lee Sabrina
Bought by
3 Guys Investment Corp

Purchase Details

Closed on
Apr 17, 2014
Sold by
Fletcher Rhonda D
Bought by
Lee Robert E

Purchase Details

Listed on
Mar 11, 2013
Closed on
Apr 17, 2013
Sold by
Jpmorgan Chase Bank N A
Bought by
Fletcher Rhonda D
Seller's Agent
Kevin Dixon
Tri-Tech Realty, LLC
List Price
$4,950
Sold Price
$4,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.67%

Purchase Details

Closed on
Jan 4, 2013
Sold by
Lee Robert E and Lee Robert
Bought by
Jpmorgan Chase Bank Na
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcgruder Darius $48,300 None Listed On Document
Perry Hugh -- --
3 Guys Investment Corp -- None Available
Lee Robert E -- None Available
Fletcher Rhonda D -- Meridian Title Corp
Jpmorgan Chase Bank Na $12,085 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/23/2023 06/23/23 Sold $48,300 -3.4% $26 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
01/24/2023 01/24/23 For Sale $50,000 +910.1% $27 / Sq Ft
05/03/2013 05/03/13 Sold $4,950 0.0% $3 / Sq Ft View Prior Sale
03/25/2013 03/25/13 Pending -- -- --
03/11/2013 03/11/13 For Sale $4,950 -- $3 / 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
2025 $1,277 $85,900 $6,100 $79,800
2024 $4,144 $75,900 $6,100 $69,800
2023 $1,181 $47,000 $5,500 $41,500
2022 $1,181 $46,100 $5,200 $40,900
2021 $1,089 $42,500 $5,200 $37,300
2020 $1,033 $40,300 $5,200 $35,100
2019 $899 $40,300 $5,200 $35,100
2018 $958 $42,300 $5,400 $36,900
2017 $957 $42,900 $5,400 $37,500
2016 $1,011 $44,600 $5,400 $39,200
2014 $1,493 $63,800 $6,600 $57,200
2013 $1,476 $65,700 $6,600 $59,100
Source: Public Records

Agents Affiliated with this Home

  • Binika Henderson

    Seller's Agent in 2023

    Binika Henderson

    Heritage Real Estate Services,

    (219) 613-3968

    1 in this area

    62 Total Sales

    Binika Henderson
    Section Image

  • K

    Seller's Agent in 2013

    Kevin Dixon

    Tri-Tech Realty, LLC

    (219) 226-5407

    34 Total Sales

    Kevin Dixon
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR524913

Northwest Indiana Association of REALTORS®

APN: 45-08-03-478-002.000-004

Indiana Lake County Gary 46402 Downtown Gary

1407 E 7th Ave, Gary, IN

Not Listed for Sale

Detached

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