$70,000
SOLD FEB 4, 2025

1631 E 28th Ave Lake Station, IN 46405

3 Beds
2 Baths
1,466 Sq Ft
6,055 Sq Ft Lot

Recently Sold

$48 Per Sq Ft

39% Below List Price

139 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Community Storage Space
  • Living Room
  • Forced Air Heating and Cooling System

About This Home

As of February 2025

Prime Opportunity awaits! This 3 Bedroom, 2 bathroom home in Lake Station, IN offers a blank canvas for an investor or homeowner wanting to put their own touch on something. With a brand-new roof, siding, and windows, the exterior is ready to shine. The work has been started with new HVAC, Forced Air Heat, and Water Heater already in place. Some TLC is needed but ,with a little imagination and elbow grease, you can capitalize and make it all yours. Don't miss this chance to own a property with great potential!

Last Agent to Sell the Property

Tam Huynh

Brokerworks Group License #RB21002432 Listed on: 09/06/2024

Last Buyer's Agent

Tam Huynh

Brokerworks Group License #RB21002432 Listed on: 09/06/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $428

Year Built

  • Built in 1949

Lot Details

  • 6,055 Sq Ft Lot
  • Lot Dimensions are 124' x 50'
  • Chain Link Fence

Parking

  • Off-Street Parking

Home Design

  • Fixer Upper
  • Block Foundation
  • Concrete Siding

Interior Spaces

  • 2-Story Property
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 450918482008000021
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • East Gary Subdivision

Amenities

  • Community Storage Space

Home Details

Home Type

Single Family

Est. Annual Taxes

$428

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1949
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Back Yard, Front Yard
  • ResoPoolFeatures: None
  • Reso View: None
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA2235
  • Subdivision Name: East Gary
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Storage
  • Property Attached Yn: No
  • Reso Property Condition: Fixer
  • AuctionYN: No
  • AccessibilityFeaturesYN: No
  • AboveGradeUnfinishedArea: 1978.00
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Interior Amenities: None
  • Flooring: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: None
  • Fencing: Chain Link
  • Acres: 0.139
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Foundation Details: Slab
  • Patio And Porch Features: None
  • Reso Roof: Asphalt

Garage/Parking

  • Parking Features: Driveway, On Street, Off Street

Utilities

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

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Lake Station

Lot Info

  • Lot Dimensions: 124' x 50'
  • Lot Size Sq Ft: 6055
  • Additional Parcels: No
  • Parcel #: 450918482008000021
  • Zoning Description: residential

Tax Info

  • Year: 2023
  • Tax Annual Amount: 428

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Jan 31, 2025
Sold by
Martinez Raul
Bought by
Favela Homes Llc
Seller's Agent
Tam Huynh
Brokerworks Group
Buyer's Agent
Tam Huynh
Brokerworks Group
List Price
$115,000
Sold Price
$70,000
Premium/Discount to List
-$45,000
-39.13%
Views
103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.08%
Original Mortgage
$150,000
Outstanding Balance
$125,706
Interest Rate
6.85%
Mortgage Type
Construction
Estimated Equity
-$43,003

Purchase Details

Closed on
Aug 24, 2020
Sold by
Hodge Harold Wayne
Bought by
Esparza Cesar Martinez
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Warranty Deed -- Chicago Title Insurance Compan
Warranty Deed -- Chicago Title Insurance Compan
Warranty Deed -- Mtc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2025 06/11/25 Pending -- -- --
06/06/2025 06/06/25 For Sale $239,900 +242.7% $170 / Sq Ft
02/04/2025 02/04/25 Sold $70,000 -32.0% $48 / Sq Ft
01/23/2025 01/23/25 Pending -- -- --
01/08/2025 01/08/25 Price Changed $103,000 -10.4% $70 / Sq Ft
09/06/2024 09/06/24 For Sale $115,000 -- $78 / 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 $2,091 $46,700 $15,400 $31,300
2023 $428 $44,900 $15,000 $29,900
2022 $474 $41,600 $12,600 $29,000
2021 $412 $36,100 $9,700 $26,400
2020 $384 $33,700 $9,700 $24,000
2019 $525 $37,700 $9,700 $28,000
2018 $576 $36,000 $9,700 $26,300
2017 $586 $34,800 $9,700 $25,100
2016 $518 $35,100 $9,700 $25,400
2014 $459 $41,500 $9,700 $31,800
2013 $468 $41,500 $9,700 $31,800
Source: Public Records

Agents Affiliated with this Home

  • Melissa Yanez

    Seller's Agent in 2025

    Melissa Yanez

    Favela Real Estate, LLC

    (219) 512-2584

    8 in this area

    62 Total Sales

    Melissa Yanez
    Section Image
  • Tam Huynh

    Seller's Agent in 2025

    Tam Huynh

    Brokerworks Group

    (219) 561-0901

    2 in this area

    15 Total Sales

    Tam Huynh
    Section Image

  • C

    Seller Co-Listing Agent in 2025

    Cirilo Favela

    Favela Real Estate, LLC

    (219) 955-0100

    25 in this area

    70 Total Sales

    Cirilo Favela
    Section Image

  • S

    Buyer's Agent in 2025

    Sonia Veschak

    Listing Leaders

    (219) 306-7036

    1 in this area

    41 Total Sales

    Sonia Veschak
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 809746

Northwest Indiana Association of REALTORS®

APN: 45-09-18-482-008.000-021

Indiana Lake County Lake Station 46405

1631 E 28th Ave, Lake Station, IN

This home is located at 1631 E 28th Ave, Lake Station, IN 46405 and is currently priced at $70,000, approximately $47 per square foot. This property was built in 1949. 1631 E 28th Ave is a home located in Lake County with nearby schools including Thomas A. Edison Junior/Senior High School and Hobart Baptist 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.

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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