NOT LISTED FOR SALE

3242 W 40th Ave Gary, IN 46408

Ross Neighborhood

Estimated Value: $156,074 - $193,000

5 Beds
2 Baths
2,100 Sq Ft
$85/Sq Ft Est. Value

Last Sold May 15, 2018

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

Est. 142% increase in value since last sale

Current estimated payment $1,218/month

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

  • 0.68 Acre 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

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

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2024
Sold by
Se Cove Properties Llc
Bought by
Williams Angenee
Total Days on Market
24
Current Estimated Value
$168,926

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
$154,579
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$15,883

Purchase Details

Listed on
Feb 21, 2018
Closed on
May 15, 2018
Sold by
Pfeiffer Jenny and Estate Of Carmella P Henton
Bought by
S E Cove Proerties Llc
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
13.05%
Original Mortgage
$58,500
Interest Rate
4.4%
Mortgage Type
Commercial
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
Williams Angenee -- None Listed On Document
S E Cove Proerties Llc -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Angenee $156,462
Previous Owner Se Cove Properties Llc $126,000
Previous Owner Se Cove Properties Llc $86,625
Previous Owner S E Cove Proerties Llc $58,500
Previous Owner Helton Carmella $30,000
Previous Owner Helton Carmella $36,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 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 $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

This home is located at 3242 W 40th Ave, Gary, IN 46408 since 21 February 2018 and is currently estimated at $178,019, approximately $84 per square foot. This property was built in 1969. 3242 W 40th Ave 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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