NOT LISTED FOR SALE

1985 Lane St Gary, IN 46404

Tolleston Neighborhood

Estimated Value: $49,000 - $119,000

4 Beds
1 Bath
1,568 Sq Ft
$59/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $43,500 $28 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $594/month

20 Days on Market

Highlights

  • Ranch Style House
  • Living Room
  • Forced Air Heating System

About This Home

As of June 2023

Property Id: 1666517

This updated 4 bedroom, 1 3/4 bath home is set up for related living space. It has two kitchens, spacious living room and dining room. It has a side driveway. It is located less than 5 minutes from 80/94 expressway and South Shore Line. Minimum credit score of 620 required. Background check will also be conducted.

Last Agent to Sell the Property

Steve Meeker

Meeker Real Estate Inc License #RB14033503 Listed on: 04/11/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,038

Year Built

  • Built in 1955

Lot Details

  • 5,097 Sq Ft Lot
  • Lot Dimensions are 51x100

Home Design

  • Ranch Style House

Interior Spaces

  • 1,568 Sq Ft Home
  • Living Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Utilities

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

Community Details

  • Tarrytown First Sub Subdivision
  • Net Lease

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 450807381005000004

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,038

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1955
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: None
  • ResoOtherEquipment: None
  • Co List Office Mls Id: GNR1104
  • Subdivision Name: Tarrytown First Sub
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Wood
  • GNR_UnfinishedSquareFootage: 0
  • 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
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Interior Amenities: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Exterior Features: None
  • Acres: 0.117

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling Y N: No
  • Heating: Natural Gas

Lot Info

  • Lot Dimensions: 51x100
  • Lot Size Sq Ft: 5097
  • Parcel #: 450807381005000004

Tax Info

  • Year: 2021
  • Tax Annual Amount: 60

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2023
Closed on
Jun 23, 2023
Sold by
Jpmorgan Chase Bank National Association
Bought by
Ross Gerrit
Seller's Agent
Steve Meeker
Meeker Real Estate Inc
List Price
$39,900
Sold Price
$43,500
Premium/Discount to List
$3,600
9.02%
Current Estimated Value
$92,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,879
Avg. Annual Appreciation
37.98%

Purchase Details

Closed on
Sep 16, 2022
Sold by
Sheriff Of Lake County
Bought by
Jpmorgan Chase Bank National Association
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
Ross Gerrit $43,500 Timios
Jpmorgan Chase Bank National Association $35,405 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/25/2024 12/25/24 Off Market $1,600 -- --
11/21/2024 11/21/24 For Rent $1,600 0.0% --
06/29/2023 06/29/23 Sold $43,500 +9.0% $28 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/11/2023 04/11/23 For Sale $39,900 -- $25 / 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 $4,038 $50,300 $5,700 $44,600
2023 $126 $45,800 $5,700 $40,100
2022 $126 $41,300 $3,600 $37,700
2021 $126 $38,000 $3,600 $34,400
2020 $126 $36,900 $3,600 $33,300
2019 $60 $31,800 $3,100 $28,700
2018 $60 $31,800 $3,100 $28,700
2017 $60 $32,200 $3,100 $29,100
2016 $60 $33,500 $3,100 $30,400
2014 -- $39,800 $3,900 $35,900
2013 -- $39,000 $3,900 $35,100
Source: Public Records

Agents Affiliated with this Home

  • Steve Meeker

    Seller's Agent in 2023

    Steve Meeker

    Meeker Real Estate Inc

    (219) 796-6924

    7 in this area

    361 Total Sales

    Steve Meeker
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR528604

Northwest Indiana Association of REALTORS®

APN: 45-08-07-381-005.000-004

Indiana Lake County Gary 46404 Tolleston

1985 Lane St, Gary, IN

This home is located at 1985 Lane St, Gary, IN 46404 since 11 April 2023 and is currently estimated at $92,379, approximately $58 per square foot. This property was built in 1955. 1985 Lane St is a home located in Lake County with nearby schools including Bailly Preparatory Academy, West Side Leadership Academy, and Aspire Charter Academy.

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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