NOT LISTED FOR SALE

3406 W 40th Place Gary, IN 46408

Ross Neighborhood

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

3 Beds
1.5 Baths
1,904 Sq Ft
$94/Sq Ft Est. Value

Last Sold August 12, 2021

Last sale price $154,800 $81 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,400/month

13 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Cooling Available
  • Recreation Room
  • 2.5 Car Detached Garage
  • Patio

About This Home

As of August 2021

3-4 bedroom, 1 bath vinyl and limestone ranch with basement, deck, patio, 2.5 car detached garage and shed on 78' x 155' lot. Hi-Efficiency Furnace is 6 years old, A/C is 5 years old and roof is only 4 years old. Hardwood floors on main level and shower in basement. Stove, washer and dryer are included. Taxes are only $424 for the year!

Last Listed By

Frank Ennis

McColly Real Estate License #RB14022177 Listed on: 05/28/2021

McColly Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $424

Year Built

  • Built in 1958

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 78' x 155'
  • Fenced

Parking

  • 2.5 Car Detached Garage
  • Garage Door Opener
  • Side Driveway

Home Design

  • Ranch Style House
  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • 1,904 Sq Ft Home
  • Living Room
  • Recreation Room
  • Attic Stairs
  • Basement

Kitchen

  • Portable Gas Range
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Storage Shed

Schools

  • Longfellow Elementary School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Septic System

Community Details

  • Lohman Oaks Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450830277017000001

Home Details

Home Type

Single Family

Est. Annual Taxes

$424

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1958
  • Co List Office Mls Id: GNR565
  • Subdivision Name: Lohman Oaks
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Stone,Vinyl
  • GNR_UnfinishedSquareFootage: 260
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: Yes
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: No
  • GNR_Well: Yes
  • GNR_TotalBathrooms: 1.25
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Exhaust Hood, Portable Gas Range, Washer
  • Interior Amenities: Attic Stairway, Main Floor Bathroom, Main Floor Bedroom
  • Basement: Enclosed
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Deck, Fence, Patio, Storage Shed
  • Acres: 0.278

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Detached, Garage Door Opener, Side Drive

Utilities

  • Utilities: On
  • Cooling Y N: Yes
  • Heating: Natural Gas

Lot Info

  • Lot Dimensions: 78' x 155'
  • Lot Size Sq Ft: 12110
  • Parcel #: 450830277017000001

Tax Info

  • Year: 2019
  • Tax Annual Amount: 424

Multi Family

  • Existing Lease Type: Net

MLS Schools

  • Elementary School: Longfellow Elementary School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2021
Closed on
Aug 18, 2021
Sold by
Mears Sonja S
Bought by
Wagner Diane D
Seller's Agent
Frank Ennis
McColly Real Estate
Buyer's Agent
Olga Vega
Legacy Realty Group LLC
List Price
$154,800
Sold Price
$154,800
Total Days on Market
13
Current Estimated Value
$178,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,493
Avg. Annual Appreciation
3.66%
Original Mortgage
$151,996
Outstanding Balance
$140,282
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$36,874

Purchase Details

Listed on
May 28, 2021
Closed on
Aug 12, 2021
Sold by
Wagner Diane D and Estate Of Sonja S Mears
Bought by
Zepeda Mariano
Seller's Agent
Frank Ennis
McColly Real Estate
Buyer's Agent
Olga Vega
Legacy Realty Group LLC
List Price
$154,800
Sold Price
$154,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,996
Outstanding Balance
$140,282
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$36,874

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
Wagner Diane D -- --
Zepeda Mariano $154,800 Community Title Company
Wagner Diane D $154,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zepeda Mariano $151,996
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2021 08/12/21 Sold $154,800 0.0% $81 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $154,800 -- $81 / 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 $4,946 $119,300 $15,100 $104,200
2023 $1,169 $116,100 $15,100 $101,000
2022 $1,169 $117,500 $15,000 $102,500
2021 $346 $88,300 $15,000 $73,300
2020 $340 $87,700 $15,000 $72,700
2019 $418 $86,400 $14,500 $71,900
2018 $430 $80,500 $13,800 $66,700
2017 $424 $80,200 $13,500 $66,700
2016 $420 $78,600 $12,700 $65,900
2014 $321 $86,600 $15,300 $71,300
2013 $314 $83,900 $15,300 $68,600
Source: Public Records

Agents Affiliated with this Home

  • Frank Ennis

    Seller's Agent in 2021

    Frank Ennis

    McColly Real Estate

    (219) 730-6680

    1 in this area

    134 Total Sales

    Frank Ennis
    Section Image
  • Olga Vega

    Buyer's Agent in 2021

    Olga Vega

    Legacy Realty Group LLC

    (219) 588-9494

    6 in this area

    111 Total Sales

    Olga Vega
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR493759

Northwest Indiana Association of REALTORS®

APN: 45-08-30-277-017.000-001

Indiana Lake County Gary 46408 Ross

3406 W 40th Place, Gary, IN

Homes for Sale in Gary, IN

This home is located at 3406 W 40th Place, Gary, IN 46408 since 28 May 2021 and is currently estimated at $178,293, approximately $93 per square foot. This property was built in 1958. 3406 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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