NOT LISTED FOR SALE

2042-48 Rhode Island Ct Gary, IN 46407

Midtown Neighborhood

Estimated Value: $135,638 - $190,000

4 Beds
2 Baths
725 Sq Ft
$226/Sq Ft Est. Value

Last Sold September 16, 2024

Last sale price $170,000 $234 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,165/month

128 Days on Market

Highlights

  • Country Kitchen
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of September 2024

Completely Rehabbed Duplex Rental Property....great investment property to add to your rental portfolio. $716 monthly cash flow at projected combined rent of $1900/month(Could potentially be $2000). Cash flow does not include vacancy, maintenance, or PM fees. Professional Property Management is available.Each unit is 2 bedrooms and 1 bathroom. Security Cameras do not remain.

Last Agent to Sell the Property

Rebecca Olson

Listing Leaders Affiliated License #RB18001745 Listed on: 04/05/2024

Listing Leaders Affiliated

Last Buyer's Agent

Elisabeth Brannon

Listing Leaders License #RB20000817

Listing Leaders

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,100

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • 9,148 Sq Ft Lot
  • Back Yard Fenced

Interior Spaces

  • 725 Sq Ft Home
  • 1-Story Property
  • Country Kitchen
  • Laundry in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for taxes
  • Assessor Parcel Number 45-08-10-455-016.000-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,100

Year Built

Built in 1953 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1953
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: In Kitchen
  • ResoLotFeatures: Back Yard, Front Yard
  • ResoPoolFeatures: None
  • Co List Office Mls Id: NRA2191
  • Subdivision Name: none
  • Above Grade Finished Sq Ft: 725
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Reso Property Condition: Updated/Remodeled
  • Financial Info Electric: 100 Amp Service
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Gas Oven, Free-Standing Refrigerator
  • Interior Amenities: Country Kitchen, Stone Counters
  • Flooring: Luxury Vinyl
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Exterior Features: None
  • Fencing: Back Yard
  • Acres: 0.21
  • Patio And Porch Features: None

Garage/Parking

  • Parking Features: Alley Access, On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 9147.6
  • Parcel #: 45-08-10-455-016.000-004

Rental Info

  • Tenant Pays: All Utilities
  • Owner Pays: Taxes

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1100

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
Sep 16, 2024
Sold by
One Group Network Llc
Bought by
Curry Zion C
Seller's Agent
Rebecca Olson
Listing Leaders Affiliated
Buyer's Agent
Elisabeth Brannon
Listing Leaders
List Price
$179,900
Sold Price
$170,000
Premium/Discount to List
-$9,900
-5.5%
Views
120
Current Estimated Value
$164,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,840
Avg. Annual Appreciation
-3.34%
Original Mortgage
$161,500
Outstanding Balance
$159,685
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$4,475

Purchase Details

Closed on
Oct 27, 2023
Sold by
Watkins Margie
Bought by
One Group Network Llc

Purchase Details

Closed on
Oct 23, 2023
Sold by
Watkins Margie
Bought by
One Group Network Llc

Purchase Details

Closed on
Oct 17, 2023
Sold by
Thomas Chelsea
Bought by
Watkins Margic

Purchase Details

Closed on
Sep 8, 2016
Sold by
Thomas Chelsea
Bought by
Wathen Marcie

Purchase Details

Closed on
Dec 4, 2007
Sold by
Watkins Tasha M and Thomas Chelsea
Bought by
Watkins Margie
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
Curry Zion C -- None Listed On Document
One Group Network Llc -- None Listed On Document
One Group Network Llc $27,650 None Listed On Document
Watkins Margic $27,650 None Listed On Document
Watkins Margic -- None Listed On Document
Wathen Marcie -- None Available
Watkins Margie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Curry Zion C $161,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2024 09/16/24 Sold $170,000 -2.8% $234 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
07/24/2024 07/24/24 Price Changed $174,900 -0.1% $241 / Sq Ft
07/18/2024 07/18/24 Price Changed $175,000 -2.7% $241 / Sq Ft
07/06/2024 07/06/24 For Sale $179,900 0.0% $248 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
05/09/2024 05/09/24 Price Changed $179,900 -2.7% $248 / Sq Ft
05/02/2024 05/02/24 For Sale $184,900 0.0% $255 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $184,900 -- $255 / 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 $3,544 $82,100 $10,700 $71,400
2023 $956 $40,200 $10,700 $29,500
2022 $956 $37,300 $7,000 $30,300
2021 $907 $35,400 $7,000 $28,400
2020 $881 $34,400 $7,000 $27,400
2019 $786 $32,400 $6,600 $25,800
2018 $868 $34,400 $7,000 $27,400
2017 $857 $34,800 $7,000 $27,800
2016 $874 $36,100 $7,000 $29,100
2014 $730 $31,200 $8,500 $22,700
2013 $1,076 $47,900 $8,500 $39,400
Source: Public Records

Agents Affiliated with this Home

  • Rebecca Olson

    Seller's Agent in 2024

    Rebecca Olson

    Listing Leaders Affiliated

    (219) 384-7957

    10 in this area

    212 Total Sales

    Rebecca Olson
    Section Image
  • Elisabeth Brannon

    Buyer's Agent in 2024

    Elisabeth Brannon

    Listing Leaders

    (219) 512-5143

    1 in this area

    41 Total Sales

    Elisabeth Brannon
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 801748

Northwest Indiana Association of REALTORS®

APN: 45-08-10-455-016.000-004

Indiana Lake County Gary 46407 Midtown

2042-48 Rhode Island Ct, Gary, IN

This home is located at 2042-48 Rhode Island Ct, Gary, IN 46407 since 05 April 2024 and is currently estimated at $164,160, approximately $226 per square foot. This property was built in 1953. 2042-48 Rhode Island Ct is a home located in Lake County with nearby schools including Daniel Hale Williams Elementary School, Gary Middle School, and West Side Leadership 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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