NOT LISTED FOR SALE

2775 W 47th Ave Gary, IN 46408

Ross Neighborhood

Estimated Value: $220,000 - $335,000

0.84 Acre
$306,405 Price per Acre
36,503 Sq Ft Lot

Last Sold June 25, 2021

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

Est. 25% increase in value since last sale

Current estimated payment $1,990/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
$256,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,767
Avg. Annual Appreciation
5.21%
Original Mortgage
$209,715
Outstanding Balance
$189,871
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$66,896

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:

--
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
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

Not Listed for Sale

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