NOT LISTED FOR SALE

4023 Martin Luther King Dr Gary, IN 46409

Glen Park Neighborhood

Estimated Value: $103,000 - $136,000

3 Beds
1.5 Baths
1,204 Sq Ft
$101/Sq Ft Est. Value

Last Sold May 02, 2024

Last sale price $110,000 $91 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $782/month

68 Days on Market

Highlights

  • Deck
  • No HOA
  • 1-Story Property
  • Wood Flooring
  • 1.5 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of May 2024

Come and check out this beautifully renovated home with no backend neighbors! This house is close to the highway, giving you a quick commute to other cities. You will walk in to a nice size living room with really nice floors. There is good storage space throughout the home and a bar setting in the basement. The main floor and the clean, unfinished basement have a bathroom. Schedule your showing before it's off the market.

Last Agent to Sell the Property

Terry Taylor

Realty Executives Premier License #RB20002054 Listed on: 01/05/2024

Realty Executives Premier

Co-Listed By

Alex Nickla

Realty Executives Premier License #RB15001048

Last Buyer's Agent

Jose Elizondo

Key Realty Indiana, LLC License #RB17000351

Key Realty Indiana, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $958

Year Built

  • Built in 1959

Lot Details

  • 7,144 Sq Ft Lot
  • Lot Dimensions are 57x125

Parking

  • 1.5 Car Detached Garage

Interior Spaces

  • 1-Story Property
  • Gas Range
  • Basement

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Tuxedo Park Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450827283003000004

Home Details

Home Type

Single Family

Est. Annual Taxes

$958

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1959
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Other
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA1830
  • Co List Office Phone: (219) 462-2224
  • Co List Office Mls Id: NRA1830
  • Subdivision Name: Tuxedo Park Add
  • Above Grade Finished Sq Ft: 864
  • Architectural Style: Bungalow
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • AboveGradeUnfinishedArea: 0.00
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Gas Range
  • Interior Amenities: Other
  • Basement: Interior Entry
  • Flooring: Carpet, Hardwood
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 340
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.164
  • Construction Type: Aluminum Siding
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage Spaces: 1.5
  • Parking Features: Detached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 57x125
  • Lot Size Sq Ft: 7144
  • Parcel #: 450827283003000004

Tax Info

  • Year: 2022
  • Tax Annual Amount: 958

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2024
Closed on
Apr 25, 2024
Sold by
Magee Michael and Magee Terry
Bought by
Rivera Warrants Insydia Lyse
Seller's Agent
Terry Taylor
Realty Executives Premier
Buyer's Agent
Jose Elizondo
Key Realty Indiana, LLC
List Price
$135,000
Sold Price
$110,000
Premium/Discount to List
-$25,000
-18.52%
Views
326
Current Estimated Value
$121,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,378
Avg. Annual Appreciation
7.74%
Original Mortgage
$108,007
Outstanding Balance
$106,412
Interest Rate
6.25%
Mortgage Type
FHA
Estimated Equity
$14,966

Purchase Details

Closed on
Dec 23, 2019
Sold by
Khubbard Bobo Mary
Bought by
Magee Michael and Magee Terry

Purchase Details

Closed on
Sep 13, 2018
Sold by
Neal Ester P
Bought by
Hubbard Bobo Mary K
Source: Public Records

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
Rivera Warrants Insydia Lyse $110,000 Liberty Title
Magee Michael -- None Available
Hubbard Bobo Mary K $500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivera Warrants Insydia Lyse $108,007
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2024 05/02/24 Sold $110,000 -7.6% $91 / Sq Ft
03/13/2024 03/13/24 Pending -- -- --
03/02/2024 03/02/24 Price Changed $119,000 -8.4% $99 / Sq Ft
01/24/2024 01/24/24 Price Changed $129,900 -3.8% $108 / Sq Ft
01/05/2024 01/05/24 For Sale $135,000 -- $112 / 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 $3,668 $76,200 $4,100 $72,100
2023 $1,049 $41,600 $9,800 $31,800
2022 $1,022 $39,900 $9,900 $30,000
2021 $958 $37,400 $9,900 $27,500
2020 $968 $37,800 $9,900 $27,900
2019 $1,027 $46,100 $10,900 $35,200
2018 $2,114 $46,100 $10,900 $35,200
2017 $1,007 $46,600 $10,900 $35,700
2016 $1,183 $55,500 $10,900 $44,600
2014 $1,304 $55,700 $11,100 $44,600
2013 $1,200 $53,400 $11,100 $42,300
Source: Public Records

Agents Affiliated with this Home

  • Terry Taylor

    Seller's Agent in 2024

    Terry Taylor

    Realty Executives

    (219) 895-5847

    5 in this area

    44 Total Sales

    Terry Taylor
    Section Image
  • Alex Nickla

    Seller Co-Listing Agent in 2024

    Alex Nickla

    Realty Executives

    (219) 510-7199

    7 in this area

    458 Total Sales

    Alex Nickla
    Section Image
  • Jose Elizondo

    Buyer's Agent in 2024

    Jose Elizondo

    Key Realty Indiana, LLC

    (219) 616-1587

    4 in this area

    70 Total Sales

    Jose Elizondo
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 543546

Northwest Indiana Association of REALTORS®

APN: 45-08-27-283-003.000-004

Indiana Lake County Gary 46409 Glen Park

4023 Martin Luther King Dr, Gary, IN

This home is located at 4023 Martin Luther King Dr, Gary, IN 46409 since 05 January 2024 and is currently estimated at $121,378, approximately $100 per square foot. This property was built in 1959. 4023 Martin Luther King Dr 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.

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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