NOT LISTED FOR SALE

3540 W 40th Ave Gary, IN 46408

Ross Neighborhood

Estimated Value: $154,000 - $205,816

4 Beds
2 Baths
1,532 Sq Ft
$118/Sq Ft Est. Value

Last Sold May 16, 2017

Last sale price $75,000 $49 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $1,268/month

310 Days on Market

Highlights

  • Ranch Style House
  • Country Kitchen
  • Living Room
  • Den
  • 2 Car Attached Garage
  • Bathroom on Main Level

About This Home

As of May 2017

Enjoy the best of both worlds--COUNTRY LIVING yet close enough to MAJOR HIGHWAYS!You can work in the city during the day and come home to relax and enjoy the peace and quiet in your large shaded back yard.If you do work at home, there is a bedroom that is already set up as an office.A great desk that gives you an outdoor view, loads of storage and a closet complete this room which would also make a great 4th bedroom if you so desire.All for bedrooms are the same size with large closets and the master has it's own full bath! And speaking of storage; there's plenty of storage in not only the bathrooms but also loads of closet and shelving space in the halls. As a matter of fact, one of the main reasons the seller bought the house was because of all of the closet space!The country kitchen has plenty of room for your table and the living room has beautiful large windows that look out on both the front and the back of the house and yard.The basement is just waiting for your finishing touch

Last Agent to Sell the Property

Cynthia Vander Giessen

McColly Real Estate License #RB14041931 Listed on: 07/01/2016

Last Buyer's Agent

Olga Vega

Legacy Realty Group LLC License #RB14047917

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,739

Year Built

  • Built in 1967

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 87x200
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Cedar Siding

Interior Spaces

  • 1,532 Sq Ft Home
  • Living Room
  • Den
  • Basement

Kitchen

  • Country Kitchen
  • Portable Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Storage Shed

Utilities

  • No Cooling
  • Radiator
  • Hot Water Heating System
  • Well
  • Septic System

Community Details

  • Lohman Oaks Second Add Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450830251031000001

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,739

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1967
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Acreage, Nearly Level, Paved Road
  • ResoOtherEquipment: None
  • Co List Office Mls Id: GNR102
  • Subdivision Name: Lohman Oaks Second Add
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Brick,Cedar
  • GNR_UnfinishedSquareFootage: 0
  • GNR_HeatSystem: Hot Water
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: Yes
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: No
  • GNR_Well: Yes
  • GNR_TotalBathrooms: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Portable Gas Range, Washer
  • Interior Amenities: Country Kitchen, Den/Office, Main Bedroom Bath, Main Floor Bathroom, Main Floor Bedroom
  • Basement: Enclosed
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Exterior Features: Storage Shed
  • Acres: 0.399

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Garage Door Opener

Utilities

  • Cooling Y N: No
  • Heating: Radiator(s)

Schools

  • Junior High Dist: Lake Ridge

Lot Info

  • Lot Dimensions: 87x200
  • Lot Size Sq Ft: 17380
  • Parcel #: 450830251031000001

Tax Info

  • Year: 2015
  • Tax Annual Amount: 1739

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2016
Closed on
May 13, 2017
Sold by
Pearson Terri L
Bought by
Ackerman Ronald P
Seller's Agent
Cynthia Vander Giessen
McColly Real Estate
Buyer's Agent
Olga Vega
Legacy Realty Group LLC
List Price
$75,000
Sold Price
$75,000
Current Estimated Value
$180,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,704
Avg. Annual Appreciation
10.86%
Original Mortgage
$72,750
Outstanding Balance
$38,661
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$138,941
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ackerman Ronald P -- Community Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ackerman Ronald P $72,750
Previous Owner Pearson Terri L $69,590
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2017 05/16/17 Sold $75,000 0.0% $49 / Sq Ft
05/07/2017 05/07/17 Pending -- -- --
07/01/2016 07/01/16 For Sale $75,000 -- $49 / 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 $3,766 $90,800 $18,400 $72,400
2023 $811 $88,400 $18,400 $70,000
2022 $811 $81,500 $18,500 $63,000
2021 $778 $81,500 $18,500 $63,000
2020 $707 $81,500 $18,500 $63,000
2019 $831 $81,500 $18,500 $63,000
2018 $1,620 $115,000 $16,700 $98,300
2017 $1,691 $118,900 $16,300 $102,600
2016 $1,651 $116,800 $15,400 $101,400
2014 $1,731 $130,800 $18,500 $112,300
2013 $1,537 $126,500 $18,500 $108,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Cynthia Vander Giessen

    McColly Real Estate

  • Olga Vega

    Buyer's Agent in 2017

    Olga Vega

    Legacy Realty Group LLC

    (219) 588-9494

    7 in this area

    111 Total Sales

    Olga Vega
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR396894

Northwest Indiana Association of REALTORS®

APN: 45-08-30-251-031.000-001

Indiana Lake County Gary 46408 Ross

3540 W 40th Ave, Gary, IN

This home is located at 3540 W 40th Ave, Gary, IN 46408 since 01 July 2016 and is currently estimated at $180,704, approximately $117 per square foot. This property was built in 1967. 3540 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.

Nearby Homes