NOT LISTED FOR SALE

3195 W 40th Place Gary, IN 46408

Ross Neighborhood

Estimated Value: $94,000 - $139,000

2 Beds
1 Bath
864 Sq Ft
$139/Sq Ft Est. Value

Last Sold June 20, 2014

Last sale price $35,500 $41 Per Sq Ft

Est. 238% increase in value since last sale

Current estimated payment $757/month

45 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Bathroom on Main Level
  • Wooded Lot
  • Living Room
  • Forced Air Heating System

About This Home

As of June 2014

Updates just completed include...All new paint throughout, some new baseboards and door casing. All new gutters and downspouts. New storm door. Ready for new carpet. Buyers should obtain a free prequalification letter from Wells Fargo Home Mortgage or an entity which is a joint venture with Wells Fargo Home Mortgage by working directly with a mortgage consultant.Buyers also have the option to provide proof of other credit decision financing or a NACA (Neighborhood Assistance Corporation of America) Qualification Letter

Last Agent to Sell the Property

Katie Henderson

Village Realty of Indiana, Inc License #RB14048148 Listed on: 05/06/2014

Village Realty of Indiana, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $345

Year Built

  • Built in 1994

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 75 x 135
  • Fenced
  • Paved or Partially Paved Lot
  • Wooded Lot

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 864 Sq Ft Home
  • Living Room
  • Laundry on main level

Kitchen

  • Electric Range
  • Range Hood

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Parking

  • Side Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Storage Shed

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Septic System
  • Cable TV Available

Community Details

  • Lohman's Oaks Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450830278014000001

Home Details

Home Type

Single Family

Est. Annual Taxes

$345

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1994
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Wooded, Paved Road
  • ResoOtherEquipment: Cable TV Hookup
  • Co List Office Mls Id: GNR1120
  • Subdivision Name: Lohman's Oaks
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Vinyl
  • GNR_UnfinishedSquareFootage: 0
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: Yes
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: No
  • GNR_Well: Yes
  • GNR_TotalBathrooms: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Electric Range, Refrigerator, Range Hood
  • Interior Amenities: Main Floor Laundry, Main Floor Bedroom, Main Floor Bathroom
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Exterior Features: Fence, Storage Shed, Deck
  • Acres: 0.23

Garage/Parking

  • Parking Features: Side Drive, Off Street, None

Utilities

  • Cooling Y N: No
  • Heating: Natural Gas

Schools

  • Junior High Dist: Lake Ridge

Lot Info

  • Lot Dimensions: 75 x 135
  • Lot Size Sq Ft: 10019
  • ResoLotSizeUnits: Acres
  • Parcel #: 450830278014000001
  • ResoLotSizeUnits: Acres

Tax Info

  • Year: 2013
  • Tax Annual Amount: 345

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2022
Sold by
Wilson Michael F
Bought by
Wilson Matthew James
Current Estimated Value
$120,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Outstanding Balance
$84,089
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$36,078

Purchase Details

Closed on
Feb 22, 2022
Sold by
Wilson Michael F
Bought by
Wilson Matthew James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Outstanding Balance
$84,089
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$36,078

Purchase Details

Closed on
Jan 20, 2022
Sold by
Wilson Michael F
Bought by
Wilson Matthew James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Outstanding Balance
$84,089
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$36,078

Purchase Details

Closed on
Oct 21, 2019
Sold by
Wilson Jerry L and Nieves Sean E
Bought by
Wilson Michael F

Purchase Details

Listed on
May 6, 2014
Closed on
Jun 13, 2014
Sold by
Deutsche Bank National Trust Co
Bought by
Wilson Jerry L and Nieves Sean E
Seller's Agent
Katie Henderson
Village Realty of Indiana, Inc
List Price
$35,500
Sold Price
$35,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.42%

Purchase Details

Closed on
Feb 7, 2014
Sold by
Lentz Shannon M and Sterba & Swope Llp
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Mar 21, 2006
Sold by
Wilkie William C
Bought by
Lentz Shannon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
9.75%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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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
Wilson Matthew James -- Drake Andrew R
Wilson Matthew James -- None Listed On Document
Wilson Matthew James -- Drake Andrew R
Wilson Michael F -- Meridian Title Corp
Wilson Michael F -- Meridian Title Corp
Wilson Jerry L -- None Available
Deutsche Bank National Trust Co $27,200 None Available
Lentz Shannon M -- Stewart Title Guaranty Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Matthew James $90,000
Closed Wilson Matthew James $90,000
Closed Wilson Matthew James $90,000
Previous Owner Lentz Shannon M $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2014 06/20/14 Sold $35,500 0.0% $41 / Sq Ft
06/20/2014 06/20/14 Pending -- -- --
05/06/2014 05/06/14 For Sale $35,500 -- $41 / 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 $4,013 $96,000 $13,400 $82,600
2023 $753 $94,200 $13,400 $80,800
2022 $753 $79,200 $13,200 $66,000
2021 $475 $60,000 $13,200 $46,800
2020 $428 $59,600 $13,200 $46,400
2019 $512 $57,200 $12,800 $44,400
2018 $616 $52,100 $12,200 $39,900
2017 $602 $51,800 $11,900 $39,900
2016 $557 $50,600 $11,200 $39,400
2014 $1,640 $56,100 $13,500 $42,600
2013 $345 $55,000 $13,500 $41,500
Source: Public Records

Agents Affiliated with this Home

  • Katie Henderson

    Seller's Agent in 2014

    Katie Henderson

    Village Realty of Indiana, Inc

    (727) 773-5141

    60 Total Sales

    Katie Henderson
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR349457

Northwest Indiana Association of REALTORS®

APN: 45-08-30-278-014.000-001

Indiana Lake County Gary 46408 Ross

3195 W 40th Place, Gary, IN

This home is located at 3195 W 40th Place, Gary, IN 46408 since 06 May 2014 and is currently estimated at $120,167, approximately $139 per square foot. This property was built in 1994. 3195 W 40th Place is a home located in Lake County with nearby schools including Calumet High School, Steel City Academy, 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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