NOT LISTED FOR SALE

3805 W 40th Ave Gary, IN 46408

Ross Neighborhood

Estimated Value: $142,651 - $164,000

4 Beds
3 Baths
2,412 Sq Ft
$64/Sq Ft Est. Value

Last Sold May 11, 2012

Last sale price $65,000 $27 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $1,007/month

222 Days on Market

Highlights

  • Fireplace
  • Outdoor Storage
  • Hot Water Heating System
  • 6 Car Attached Garage
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of May 2012

Brick and cedar ranch style three unit with a two bedroom - owner's unit with a fireplace, and two (1) bedroom units on a large wooded lot. The owner can live in the two bedroom unit and let the other units make the payment or rent them all.

Last Listed By

Terry Steagall

Century 21 Circle License #RB14018164 Listed on: 08/15/2011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,309

Year Built

  • Built in 1970

Lot Details

  • 0.63 Acre Lot
  • Lot Dimensions are 360' x 76.1' x 360' x 75.7

Parking

  • 6 Car Attached Garage

Home Design

  • Brick Foundation

Interior Spaces

  • 2,412 Sq Ft Home
  • 1-Story Property
  • Elevator
  • Fireplace
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Outdoor Storage

Utilities

  • No Cooling
  • Forced Air Heating System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Well

Listing and Financial Details

  • Total Actual Rent $18,000
  • Assessor Parcel Number 450830252009000001

Community Details

Overview

  • 3 Units

Pet Policy

  • Pets Allowed

Building Details

  • Insurance Expense $1,176
  • New Taxes Expense $4,828
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,309

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1970
  • Road Surface Type: Gravel
  • Professional Management Expense: 210
  • Co List Office Mls Id: NRA1591
  • Subdivision Name: Metes & Bounds
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Elevator
  • Basement: Sump Pump
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Storage
  • Acres: 0.63
  • Construction Type: Brick, Cedar

Garage/Parking

  • Parking Features: Attached
  • Total Parking Spaces: 6

Utilities

  • Sewer: Septic Tank
  • Cooling: None
  • Heating: Forced Air, Hot Water, Individual Unit, Natural Gas, Unit Control
  • Water Source: Well

Condo/Co-op/Association

  • HOA Rent Includes: None

Schools

  • Junior High Dist: Lake Ridge

Lot Info

  • Lot Dimensions: 360' x 76.1' x 360' x 75.7
  • Lot Size Sq Ft: 27443
  • Parcel #: 450830252009000001
  • Zoning Description: Residential

Rental Info

  • Lease Term: Month To Month
  • Pets Allowed: Yes
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 3
  • Insurance Expense: 1176
  • Total Actual Rent: 18000

Tax Info

  • New Taxes Expense: 4828

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2011
Closed on
May 11, 2012
Sold by
Petersen Danny L and Petersen Penny J
Bought by
Botman Geoffrey M
Seller's Agent
Terry Steagall
Century 21 Circle
Buyer's Agent
Terry Steagall
Century 21 Circle
List Price
$65,000
Sold Price
$65,000
Total Days on Market
222
Current Estimated Value
$153,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,163

Range of Values:

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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

Date Buyer Sale Price Title Company
Botman Geoffrey M -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2012 05/11/12 Sold $65,000 0.0% $27 / Sq Ft
04/11/2012 04/11/12 Pending -- -- --
08/15/2011 08/15/11 For Sale $65,000 -- $27 / 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 $6,309 $152,400 $22,200 $130,200
2023 $1,399 $148,100 $22,200 $125,900
2022 $1,399 $139,900 $16,200 $123,700
2021 $1,289 $128,900 $16,200 $112,700
2020 $1,379 $137,900 $16,200 $121,700
2019 $1,453 $136,200 $15,700 $120,500
2018 $1,863 $123,400 $14,900 $108,500
2017 $1,726 $121,800 $14,600 $107,200
2016 $1,708 $119,600 $13,800 $105,800
2014 $1,804 $130,200 $16,600 $113,600
2013 $1,831 $137,300 $16,600 $120,700
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    Terry Steagall

    Century 21 Circle

See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 292344

Northwest Indiana Association of REALTORS®

APN: 45-08-30-252-009.000-001

Indiana Lake County Gary 46408 Ross

3805 W 40th Ave, Gary, IN

Homes for Sale in Gary, IN

This home is located at 3805 W 40th Ave, Gary, IN 46408 since 15 August 2011 and is currently estimated at $153,163, approximately $63 per square foot. This property was built in 1970. 3805 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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