NOT LISTED FOR SALE

2322 Sherman St Gary, IN 46406

Westside Neighborhood

Estimated Value: $50,000 - $121,000

2 Beds
1 Bath
912 Sq Ft
$82/Sq Ft Est. Value

About This Home

This home is located at 2322 Sherman St, Gary, IN 46406 and is currently estimated at $75,000, approximately $82 per square foot. 2322 Sherman St is a home located in Lake County with nearby schools including Calumet High School, Aspire Charter Academy, and Gary Lighthouse Charter School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2024
Sold by
Favela Homes Llc
Bought by
Favela Property Inv Llc
Current Estimated Value
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Outstanding Balance
$355,579
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
-$280,579

Purchase Details

Closed on
Jun 7, 2024
Sold by
Favela Homes Llc
Bought by
Favela Property Inv Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Outstanding Balance
$355,579
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
-$280,579

Purchase Details

Closed on
Jan 31, 2024
Sold by
Thompson Darren
Bought by
Favela Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2024
Sold by
Thompson Darren
Bought by
Favela Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2024
Sold by
Brown Wanda
Bought by
Thompson Darren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2023
Sold by
Brown Wanda
Bought by
Thompson Darren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2013
Sold by
Ferrell Pamela
Bought by
Brown Wanda
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Favela Property Inv Llc -- Meridian Title
Favela Property Inv Llc -- Meridian Title
Favela Homes Llc -- First American
Favela Homes Llc $49,000 First American
Thompson Darren -- None Listed On Document
Thompson Darren -- None Listed On Document
Brown Wanda $600 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Favela Property Inv Llc $360,000
Closed Favela Property Inv Llc $360,000
Previous Owner Favela Homes Llc $100,000
Previous Owner Favela Homes Llc $100,000
Source: Public Records

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 $3,490 $50,100 $6,600 $43,500
2023 $414 $41,400 $6,600 $34,800
2022 $384 $38,900 $5,700 $33,200
2021 $356 $36,100 $5,700 $30,400
2020 $356 $36,100 $5,700 $30,400
2019 $493 $39,300 $5,700 $33,600
2018 $573 $39,300 $5,700 $33,600
2017 $567 $38,700 $5,500 $33,200
2016 $611 $42,100 $5,500 $36,600
2014 $550 $46,400 $6,500 $39,900
2013 $1,282 $44,900 $6,500 $38,400
Source: Public Records

Map

Indiana Lake County Gary 46406 Westside

2322 Sherman St, Gary, IN

This home is located at 2322 Sherman St, Gary, IN 46406 and is currently estimated at $75,000, approximately $82 per square foot. 2322 Sherman St is a home located in Lake County with nearby schools including Calumet High School, Aspire Charter Academy, and Gary Lighthouse Charter School.

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.

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