NOT LISTED FOR SALE

2357 Colfax St Gary, IN 46406

Westside Neighborhood

Estimated Value: $62,000 - $76,000

2 Beds
1 Bath
846 Sq Ft
$83/Sq Ft Est. Value

Last Sold October 06, 2023

Last sale price $58,000 $69 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $441/month

68 Days on Market

Highlights

  • Handicap Accessible
  • Community Deck or Porch
  • Community Storage Space

About This Home

As of October 2023

INVESTOR'S WELCOME! Turn key rental with a 14% cap rate. Tenant pays $950/mo plus utilities with a lease end date of 3/31/2024. Let your tenant pay off your investment. This newly remodeled 2/1 is conveniently located with easy access to Northwest Indiana and Chicago.

Last Agent to Sell the Property

Faith Fritts

Better Homes and Gardens Real Brokerage Phone: 219-613-1738 License #RB18001729 Listed on: 07/21/2023

Better Homes and Gardens Real

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $651

Year Built

  • Built in 1959

Lot Details

  • 8,886

Home Design

  • 846 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Handicap Accessible
  • 8,886 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 450713151009000003

Community Details

Overview

  • Oak Center Add Subdivision

Amenities

  • Community Deck or Porch
  • Community Storage Space

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$651

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1959
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Barrier Fee Access, Deck/Patio, Pets Allowed, Porch, Storage Shed
  • Co List Office Mls Id: GNR1778
  • Subdivision Name: Oak Center Add
  • GNR_TotalBathrooms: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • GNR_RealEstateOwnedYN: false
  • GNR_ShortSaleYN: false
  • Attribution Contact: 219-613-1738
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Acres: 0.204

Garage/Parking

  • Parking Features: None

Lot Info

  • Lot Size Sq Ft: 8886
  • Parcel #: 450713151009000003

Multi Family

  • Number Of Units Total: 1

Tax Info

  • Tax Annual Amount: 651

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Oct 23, 2023
Sold by
Jmj Reality Llc
Bought by
Savaro Living Trust and Savaro
Seller's Agent
Faith Fritts
Better Homes and Gardens Real
List Price
$70,000
Sold Price
$58,000
Premium/Discount to List
-$12,000
-17.14%
Views
16
Current Estimated Value
$70,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,433
Avg. Annual Appreciation
9.27%

Purchase Details

Listed on
Jul 21, 2023
Closed on
Oct 3, 2023
Sold by
Jmj Reality Llc
Bought by
Savaro Living Trust and Savaro
Seller's Agent
Faith Fritts
Better Homes and Gardens Real
List Price
$70,000
Sold Price
$58,000
Premium/Discount to List
-$12,000
-17.14%
Views
16

Purchase Details

Closed on
Jun 24, 2019
Sold by
Ristevski Aleksandar
Bought by
Jmj Realty Llc

Purchase Details

Closed on
Sep 13, 2018
Sold by
Colston William R
Bought by
Ristevski Aleksandar
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
Savaro Living Trust $70,000 Greater Indiana Title Company
Savaro Living Trust -- Greater Indiana Title Company
Jmj Realty Llc -- Meridian Title Corp
Ristevski Aleksandar $4,400 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2023 10/06/23 Sold $58,000 -17.1% $69 / Sq Ft
09/27/2023 09/27/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $70,000 -- $83 / 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 $2,900 $62,100 $7,600 $54,500
2023 $651 $34,400 $7,600 $26,800
2022 $651 $32,300 $6,600 $25,700
2021 $608 $30,200 $6,600 $23,600
2020 $608 $30,200 $6,600 $23,600
2019 $841 $36,800 $6,600 $30,200
2018 $1,157 $36,800 $6,600 $30,200
2017 $1,040 $36,100 $6,400 $29,700
2016 $1,134 $35,900 $6,400 $29,500
2014 $1,133 $38,700 $7,500 $31,200
2013 $1,063 $37,400 $7,500 $29,900
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2023

    Faith Fritts

    Better Homes and Gardens Real

    (219) 613-1738

    1 in this area

    12 Total Sales

    Faith Fritts
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR533683

Northwest Indiana Association of REALTORS®

APN: 45-07-13-151-009.000-003

Indiana Lake County Gary 46406 Westside

2357 Colfax St, Gary, IN

Not Listed for Sale

MultiFamily

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