NOT LISTED FOR SALE

3242 W 40th Ave Gary, IN 46408

Ross Neighborhood

Estimated Value: $173,029 - $214,000

5 Beds
2 Baths
2,100 Sq Ft
$92/Sq Ft Est. Value

Sale Details

Date Sold: May 15, 2018

Last sale price $69,900 $33 Per Sq Ft

Est. 175% increase in value since last sale

Current estimated payment $1,194 / mo

24 Days on Market

Highlights

  • 0.68 Acre Lot
  • Country Kitchen
  • Patio
  • Ranch Style House
  • In-Law or Guest Suite
  • Living Room

About This Home

As of May 2018

Are you kidding me??? Duplex for the price of a single family home. Let your tenant pay your mortgage or extend your family to both sides. Each unit is 1,050 square feet with a full basement and sitting on .68+ acres. Huge back yard and front and priced below market value. Needs a bit of TLC but the potential is unbelievable. Located just off of Route #6 and easy access to I80. Schedule your appointment before someone else jumps on this one...

Last Agent to Sell the Property

Jason Harrigan

Listing Leaders License #RB16000604 Listed on: 02/21/2018

Listing Leaders

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,515

Year Built

  • Built in 1969

Lot Details

  • 29,795 Sq Ft Lot
  • Lot Dimensions are 100 x 298
  • Fenced
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 2,100 Sq Ft Home
  • Living Room
  • Walk-Out Basement
  • Country Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • In-Law or Guest Suite
  • Bathroom on Main Level
  • 2 Full Bathrooms

Outdoor Features

  • Patio
  • Storage Shed

Schools

  • Calumet New Tech High School

Utilities

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

Community Details

  • Lohman Oaks Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450830276020000001

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,515

Year Built

Built in 1969

Lot Details

0.68 Acres

Listing Details

  • Property Type: Residential
  • Year Built: 1969
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Nearly Level, Paved Road
  • ResoOtherEquipment: Cable TV Hookup
  • Co List Office Mls Id: GNR185
  • Subdivision Name: Lohman 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: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Interior Amenities: Country Kitchen, Main Floor Bathroom, Main Floor Bedroom, Related Living
  • Basement: Walk Out
  • Full Bathrooms: 2
  • Total Bedrooms: 5

Exterior Features

  • Exterior Features: Fence, Patio, Storage Shed
  • Acres: 0.684

Garage/Parking

  • Parking Features: None

Utilities

  • Utilities: Off
  • Cooling Y N: No
  • Heating: Natural Gas

Schools

  • Junior High Dist: Lake Ridge

Lot Info

  • Lot Dimensions: 100 x 298
  • Lot Size Sq Ft: 29795
  • Parcel #: 450830276020000001
  • Zoning Description: residential

Tax Info

  • Year: 2016
  • Tax Annual Amount: 1515

Multi Family

  • Existing Lease Type: Net

MLS Schools

  • HighSchool: Calumet New Tech High School

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2024
Sold by
Bought by
Current Estimated Value
$192,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,462
Outstanding Balance
$153,285
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$39,222

Purchase Details

Listed on
Feb 21, 2018
Closed on
May 15, 2018
Sold by
Bought by
Seller's Agent
Jason Harrigan
Listing Leaders
List Price
$69,900
Sold Price
$69,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.41%
Original Mortgage
$58,500
Interest Rate
4.4%
Mortgage Type
Commercial
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- Meridian Title Corp
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $156,462
Previous Owner $58,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/15/2018 05/15/18 Sold $69,900 0.0% $33 / Sq Ft
03/17/2018 03/17/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $69,900 -- $33 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,868 $99,900 $24,800 $75,100
2024 $3,574 $89,900 $21,200 $68,700
2023 $1,696 $83,900 $21,200 $62,700
2022 $1,696 $84,400 $21,000 $63,400
2021 $1,583 $78,800 $21,000 $57,800
2020 $1,565 $77,900 $21,000 $56,900
2019 $1,737 $82,000 $20,000 $62,000
2018 $2,849 $96,300 $19,100 $77,200
2017 $1,482 $114,800 $19,100 $95,700
2016 $1,515 $117,000 $18,700 $98,300
2014 $1,026 $114,400 $19,100 $95,300
2013 $1,861 $151,300 $19,100 $132,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jason Harrigan

    Listing Leaders

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR429610

Northwest Indiana Association of REALTORS®

APN: 45-08-30-276-020.000-001

Indiana Lake County Gary 46408 Ross

3242 W 40th Ave, Gary, IN

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Northwest Indiana Association of REALTORS® All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Copyright 2026 Multiple 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.
Listings courtesy of Northwest Indiana Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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