NOT LISTED FOR SALE

3975 Madison St Gary, IN 46408

Glen Park Neighborhood

Estimated Value: $51,000 - $94,000

2 Beds
1 Bath
1,904 Sq Ft
$40/Sq Ft Est. Value

About This Home

This home is located at 3975 Madison St, Gary, IN 46408 and is currently estimated at $77,000, approximately $40 per square foot. 3975 Madison St is a home located in Lake County with nearby schools including Glen Park Academy for Excellence in Learning, Bailly Preparatory Academy, and West Side Leadership Academy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2024
Sold by
Favela Homes Llc
Bought by
Favela Property Investments Llc
Current Estimated Value
$77,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,750
Outstanding Balance
$276,081
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
-$199,081

Purchase Details

Closed on
Apr 19, 2024
Sold by
Gary Prop Recovery Hldg Llc
Bought by
Ristevski Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.74%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 18, 2024
Sold by
Ristevski Simon
Bought by
Favela Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.74%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 15, 2024
Sold by
Gary Property Recovery Holdings Llc
Bought by
Ristevski Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.74%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 28, 2024
Sold by
American Rentals Inc
Bought by
Gary Property Recovery Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.74%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 23, 2024
Sold by
American Rentals Inc
Bought by
Gary Property Recovery Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.74%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 10, 2014
Sold by
Brazell Norma Jean
Bought by
American Rentals Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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
Favela Property Investments Llc -- Meridian Title
Ristevski Simon -- Chicago Title Company
Favela Homes Llc $52,500 Chicago Title
Ristevski Simon $47,500 Chicago Title Company
Gary Property Recovery Holdings Llc -- Meridian Title
Gary Property Recovery Holdings Llc -- Meridian Title
American Rentals Llc $300 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Favela Property Investments Llc $279,750
Previous Owner Favela Homes Llc $52,500
Source: Public Records

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
2025 $1,234 $68,800 $7,600 $61,200
2024 $3,518 $42,900 $8,000 $34,900
2023 $1,006 $39,900 $8,000 $31,900
2022 $835 $32,600 $2,900 $29,700
2021 $774 $30,200 $2,900 $27,300
2020 $725 $28,300 $2,900 $25,400
2019 $1,048 $32,300 $3,400 $28,900
2018 $991 $34,500 $3,600 $30,900
2017 $855 $34,700 $3,600 $31,100
2016 $1,205 $51,600 $3,600 $48,000
2014 $1,268 $54,200 $4,600 $49,600
2013 -- $53,200 $4,600 $48,600
Source: Public Records

Map

Indiana Lake County Gary 46408 Glen Park

3975 Madison St, Gary, IN

Not Listed for Sale

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