NOT LISTED FOR SALE

2775 W 47th Ave Gary, IN 46408

Ross Neighborhood

Estimated Value: $227,892 - $249,000

0.84 Acre
$281,292 Price per Acre
36,503 Sq Ft Lot

Last Sold June 25, 2021

Last sale price $205,000 $121 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,491/month

12 Days on Market

About This Lot

As of June 2021

Rare opportunity in Cal Township! Take advantage of great investment opportunity which includes 2 adjoining lots w/ almost 2 acres of land! Lovely single family home which has been almost completely renovated is currently set up as a duplex w/ passive income & a current tenant. Occupy the owners unit and enjoy the income model or rent out both sides. Practically brand new custom 30X48 pole barn w/ 20 ft ceilings was added in 2019 and has more income potential or use it for your own warehouse! Home can be converted back to a single family home with ease. Check out aerial photos included and you'll see how special this property is. Enjoy the convenience of Northwest IN - but feel like you are out in the country with room to roam. Beautiful setting w/ mature trees provide privacy and serenity. Meticulously maintained & renovated w/ detail you see in custom builds! Rental unit is in mint condition. HURRY - don't wait on this one! Call your broker for private tour today.

Last Agent to Sell the Property

Julie Bapst

Keller Williams ONEChicago License #RB14050696 Listed on: 05/14/2021

Keller Williams ONEChicago

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,604

Year Built

  • Built in 1954

Lot Details

  • 0.84 Acre Lot

Parking

  • Gravel Driveway

Home Design

  • 1,689 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 450832151010000001

Community Details

Overview

Amenities

  • Laundry Facilities

Property Details

Property Type

Land

Est. Annual Taxes

$7,604

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1954
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Acreage, Common Laundry, Pets Allowed
  • Co List Office Mls Id: GNR1709
  • Subdivision Name: None
  • GNR_TotalBathrooms: 3
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • GNR_ParkingSurface: Gravel
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 3

Exterior Features

  • Acres: 0.838

Garage/Parking

  • Parking Features: None, Other

Lot Info

  • Lot Size Sq Ft: 36503
  • Parcel #: 450832151010000001

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2021
Closed on
Jun 24, 2021
Sold by
Porter Timtohy R
Bought by
Sherman Michael
Seller's Agent
Julie Bapst
Keller Williams ONEChicago
List Price
$205,000
Sold Price
$205,000
Current Estimated Value
$235,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,723
Avg. Annual Appreciation
3.33%
Original Mortgage
$209,715
Outstanding Balance
$189,871
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$45,852

Purchase Details

Closed on
Sep 10, 2014
Sold by
Porter Chrisopher A
Bought by
Porter Timothy R

Purchase Details

Closed on
Jul 26, 2010
Sold by
Behnke Robert Karl
Bought by
Porter Timothy R and Porter Christopher A
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
Sherman Michael $205,000 Fidelity National Title
Porter Timothy R -- None Available
Porter Timothy R -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherman Michael $209,715
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2021 06/25/21 Sold $205,000 0.0% $121 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $205,000 -- $121 / 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 $7,604 $189,200 $23,900 $165,300
2023 $1,754 $178,500 $23,900 $154,600
2022 $1,754 $176,700 $18,900 $157,800
2021 $1,175 $118,700 $18,900 $99,800
2020 $1,159 $117,100 $18,900 $98,200
2019 $1,224 $114,500 $18,000 $96,500
2018 $1,417 $101,500 $17,200 $84,300
2017 $1,372 $100,400 $17,200 $83,200
2016 $1,229 $97,900 $16,800 $81,100
2014 $982 $95,500 $17,100 $78,400
2013 $904 $94,700 $17,100 $77,600
Source: Public Records

Agents Affiliated with this Home

  • Julie Bapst

    Seller's Agent in 2021

    Julie Bapst

    Keller Williams ONEChicago

    (219) 384-2559

    3 in this area

    74 Total Sales

    Julie Bapst
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR493053

Northwest Indiana Association of REALTORS®

APN: 45-08-32-151-010.000-001

Indiana Lake County Gary 46408 Ross

2775 W 47th Ave, Gary, IN

This home is located at 2775 W 47th Ave, Gary, IN 46408 since 14 May 2021 and is currently estimated at $235,723, approximately $139 per square foot. This property was built in 1954. 2775 W 47th Ave is a home located in Lake County with nearby schools including Calumet High School, Higher Institute of Arts and Technology, and Ambassador 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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