Melissa Yanez
Favela Real Estate, LLC
(219) 240-0461
94 Total Sales
1 in Midtown
$90,000 Price
1981 Madison Ln Gary, IN 46407
Midtown NeighborhoodEstimated Value: $82,000 - $169,142
3
Beds
2
Baths
1,988
Sq Ft
$70/Sq Ft
Est. Value
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 2021First 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
Cecil Real Estate License #RB14020522 Listed on: 11/20/2020
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 9, 2025
Sold by
Bought by
Current Estimated Value
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
$58,112
Interest Rate
5.82%
Mortgage Type
New Conventional
Estimated Equity
$81,424
Purchase Details
Listed on
Nov 20, 2020
Closed on
Feb 25, 2021
Sold by
Bought by
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
9.80%
Original Mortgage
$82,379
Interest Rate
2.7%
Mortgage Type
FHA
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Midtown, IN
-
Melissa Yanez
-
Lisa Gaff
Lisa Gaff
White Hat Realty Group, LLC
(708) 740-2403
311 Total Sales
1 in Midtown
$130,000 Price
-
Jeana Consier
Jeana Consier
Responds QuicklyRealty Executives Premier
(219) 796-0710
113 Total Sales
1 in Midtown
$9,000 Price
-
Justin Hanuscin
Justin Hanuscin
(219) 319-1650
105 Total Sales
10 in Midtown
$25K - $207K Price Range
-
Mark Keene
Mark Keene
(219) 706-4530
74 Total Sales
7 in Midtown
$20K - $118K Price Range
-
Steve Monsma
Steve Monsma
(219) 500-6953
164 Total Sales
5 in Midtown
$33K - $190K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| -- | Meridian Title | ||
| -- | Meridian Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $61,200 | ||
| Previous Owner | $82,379 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
-
Megan Cecil
M
Seller's Agent in 2021
Megan Cecil
Cecil Real Estate
(219) 688-6506
3 in this area
14 Total Sales
-
Jeff McCormick
Buyer's Agent in 2021
Jeff McCormick
McCormick Real Estate, Inc.
(219) 613-5643
29 in this area
693 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: GNR485372
APN: 45-08-09-455-004.000-004
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Copyright 2026 Multiple 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.
Listings courtesy of Northwest Indiana Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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