NOT LISTED FOR SALE

1981 Madison Ln Gary, IN 46407

Midtown Neighborhood

Estimated Value: $99,000 - $148,619

3 Beds
2 Baths
1,988 Sq Ft
$63/Sq Ft Est. Value

Last Sold February 25, 2021

Last sale price $83,900 $42 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $733/month

39 Days on Market

Highlights

  • 0.22 Acre Lot
  • Ranch Style House
  • 2.5 Car Detached Garage
  • Recreation Room
  • Formal Dining Room
  • Cooling Available

About This Home

As of February 2021

First time offered in several years, this home is ready for a new family! Brick ranch set on unique Madison Lane - forms a triangle with other streets & allows for longer lot. New Kitchen cabinets, & flooring, plus bath upgrades & updated electrical. Hardwood floors, some curved plaster corner walls, larger bedrooms - gives the home a distinctive flavor. Basement has a large completed family room plus wetbar, built-in desk, extra bath, large closet & laundry area., Extra large 2 car garage with separate huge work area - deceptive by looking at front. Home does need some TLC, but as the price you would own a fabulous opporuntity well designed space.

Last Agent to Sell the Property

Megan Cecil

Cecil Real Estate License #RB14020522 Listed on: 11/20/2020

Last Buyer's Agent

Jeff McCormick

McCormick Real Estate, Inc. License #RB14033291

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $680

Year Built

  • Built in 1961

Lot Details

  • 9,714 Sq Ft Lot
  • Lot Dimensions are 55 x 140 x 69 x 182
  • Fenced
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 2.5 Car Detached Garage
  • Garage Door Opener
  • Side Driveway
  • Off-Street Parking

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,988 Sq Ft Home
  • Dry Bar
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Natural lighting in basement
  • Home Security System

Kitchen

  • Portable Gas Range
  • Range Hood

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Andrew Means 04 Park Manor Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450809455004000004

Home Details

Home Type

Single Family

Est. Annual Taxes

$680

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1961
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Curbs, Landscaped, Nearly Level, Paved Road, Sidewalks
  • ResoOtherEquipment: Security System
  • Co List Office Mls Id: GNR442
  • Subdivision Name: Andrew Means 04 Park Manor
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Brick
  • GNR_UnfinishedSquareFootage: 286
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: Yes
  • GNR_Well: No
  • GNR_TotalBathrooms: 1.75
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Portable Gas Range, Range Hood, Refrigerator, Washer
  • Interior Amenities: Dry Bar, Formal Dining, Main Floor Bathroom, Main Floor Bedroom
  • Basement: Daylight
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Fence
  • Acres: 0.223

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Detached, Garage Door Opener, Off Street, Side Drive

Utilities

  • Utilities: On
  • Cooling Y N: Yes
  • Heating: Natural Gas

Lot Info

  • Lot Dimensions: 55 X 140 X 69 X 182
  • Lot Size Sq Ft: 9714
  • Parcel #: 450809455004000004

Tax Info

  • Year: 2019
  • Tax Annual Amount: 680

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2025
Sold by
Williams Roxanne H
Bought by
Mosley Arvell D
Current Estimated Value
$124,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,200
Outstanding Balance
$59,682
Interest Rate
5.82%
Mortgage Type
New Conventional
Estimated Equity
$64,723

Purchase Details

Listed on
Nov 20, 2020
Closed on
Feb 24, 2021
Sold by
Williams Sara P and Archie Williams
Bought by
Williams Roxanne H
Seller's Agent
Megan Cecil
Cecil Real Estate
Buyer's Agent
Jeff McCormick
McCormick Real Estate, Inc.
List Price
$83,900
Sold Price
$83,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.39%
Original Mortgage
$82,379
Interest Rate
2.7%
Mortgage Type
FHA
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
Mosley Arvell D -- None Listed On Document
Williams Roxanne H -- Meridian Title Corp
Williams Roxanne H $83,900 Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mosley Arvell D $61,200
Previous Owner Williams Roxanne H $82,379
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2021 02/25/21 Sold $83,900 0.0% $42 / Sq Ft
12/29/2020 12/29/20 Pending -- -- --
11/20/2020 11/20/20 For Sale $83,900 -- $42 / 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 $988 $110,600 $10,300 $100,300
2024 $7,239 $100,000 $10,300 $89,700
2023 $940 $82,100 $9,500 $72,600
2022 $940 $80,900 $8,000 $72,900
2021 $713 $63,700 $8,000 $55,700
2020 $694 $62,000 $8,000 $54,000
2019 $746 $62,000 $8,000 $54,000
2018 $728 $62,000 $8,000 $54,000
2017 $715 $63,300 $8,000 $55,300
2016 $738 $65,900 $8,000 $57,900
2014 $991 $90,100 $8,700 $81,400
2013 $949 $88,600 $8,700 $79,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Megan Cecil

    Cecil Real Estate

    (219) 688-6506

    4 in this area

    13 Total Sales

    Megan Cecil
    Section Image
  • Jeff McCormick

    Buyer's Agent in 2021

    Jeff McCormick

    McCormick Real Estate, Inc.

    (219) 613-5643

    32 in this area

    698 Total Sales

    Jeff McCormick
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR485372

Northwest Indiana Association of REALTORS®

APN: 45-08-09-455-004.000-004

Indiana Lake County Gary 46407 Midtown

1981 Madison Ln, Gary, IN

Not Listed for Sale

Detached

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