NOT LISTED FOR SALE

Estimated Value: $262,585

5 Acres
$52,517 Price per Acre
217,800 Sq Ft Lot

Last Sold August 04, 2023

Last sale price $250,000

Est. 5% increase in value since last sale

Current estimated payment $1,650/month

453 Days on Market

About This Lot

As of August 2023

Located in Lake County, Gary, Indiana, near U.S. Route 20 and I-94 expressway, two commercial development sites totaling 9.55-acres are available for sale. This development site is in a prime location, adjacent to 72-unit Rosewood Apartment complex and is in close proximity to several schools and a vibrant business community. The parcel was formerly a senior living facility several years ago. The property is just minutes away from Clark Road Station in Gary, Purdue University Calumet, Indiana University North West and Ivy Technical Community College - Northwest. Great opportunity for a developer. Gary, Indiana is just 30 miles outside of Chicago attractions. Gary boasts the convenience of public transportation, proximity to freeways and Interstate 90, as well as several schools in the area, including Purdue University and Indiana University Northwest.

Last Agent to Sell the Property

Daniel Hyman

Millennium Properties RE, Inc. License #471013658 Listed on: 04/07/2022

Last Buyer's Agent

Daniel Hyman

Millennium Properties RE, Inc. License #471013658 Listed on: 04/07/2022

Property Details

Property Type

  • Land

Lot Details

  • Property fronts a county road

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Commercial
  • Road Surface Type: None
  • General Information: None
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: County Road
  • List Price: 250000
  • Waterfront: No

Utilities

  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 9.55
  • Lot Size: 8.0-9.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 8

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 9426
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
Aug 17, 2023
Sold by
Hernandez Alvaro Serrano
Bought by
D & R Construction Company Inc
Seller's Agent
Daniel Hyman
Millennium Properties RE, Inc.
Buyer's Agent
Daniel Hyman
Millennium Properties RE, Inc.
List Price
$250,000
Sold Price
$250,000
Views
24
Current Estimated Value
$262,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,585
Avg. Annual Appreciation
2.32%

Purchase Details

Listed on
Apr 7, 2022
Closed on
Aug 15, 2023
Sold by
Hernandez Alvaro Serrano
Bought by
D & R Construction Company Inc
Seller's Agent
Daniel Hyman
Millennium Properties RE, Inc.
Buyer's Agent
Daniel Hyman
Millennium Properties RE, Inc.
List Price
$250,000
Sold Price
$250,000
Views
24

Purchase Details

Closed on
Sep 26, 2019
Sold by
Adams Melvin
Bought by
Hernandez Alvaro Serrano

Purchase Details

Closed on
Jan 28, 2014
Sold by
Carlisle Darlwin
Bought by
Adams Melvin

Purchase Details

Closed on
Dec 7, 2012
Sold by
Health Properties 2010
Bought by
Carlisle Darlwin
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
D & R Construction Company Inc -- None Listed On Document
D & R Construction Company Inc $142,000 None Listed On Document
Hernandez Alvaro Serrano $500 None Available
Adams Melvin -- None Available
Carlisle Darlwin $5,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2023 08/04/23 Sold $250,000 0.0% --
04/07/2022 04/07/22 For Sale $250,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $11,056 $124,500 $77,500 $47,000
2023 $4,534 $125,400 $77,500 $47,900
2022 $4,534 $127,300 $77,500 $49,800
2021 $4,342 $121,900 $77,500 $44,400
2020 $3,403 $127,600 $77,500 $50,100
2019 $8,140 $128,800 $77,500 $51,300
2018 $7,331 $128,800 $77,500 $51,300
2017 $3,158 $129,700 $77,500 $52,200
2016 $3,487 $145,700 $77,500 $68,200
2014 $8,068 $337,500 $87,800 $249,700
2013 $7,293 $317,500 $87,800 $229,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11368175

Midwest Real Estate Data (MRED)

APN: 45-07-12-478-019.000-004