$47,000
SOLD MAY 26, 2023

425 E 47th Ave Gary, IN 46409

Glen Park Neighborhood
3 Beds
2 Baths
2,440 Sq Ft
5,706 Sq Ft Lot

Recently Sold

$19 Per Sq Ft

8% Above List Price

86 Days on Market

Highlights

  • Recreation Room
  • Living Room
  • Fenced
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Paved or Partially Paved Lot

About This Home

As of November 2023

Multiple Offers***Highest and Best Due By 05.01.2023 before 1PM CST****3 Bedroom 2 Bath Tri-Level Home For Sale In Gary * Large Living Room On Main Level * And A Large Rec Room on Lower Level * 3 Nice Sized Bedrooms Upstairs * 2 Car Detached Garage * Fenced Yard * See Agent Remarks For Offer Submission Instructions*

Last Agent to Sell the Property

John Sandridge

Eagle Pro Realty License #RB14026046 Listed on: 02/14/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,140

Year Built

  • Built in 1961

Lot Details

  • 5,706 Sq Ft Lot
  • Lot Dimensions are 60x95
  • Fenced
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Tri-Level Property
  • Aluminum Siding

Interior Spaces

  • 2,440 Sq Ft Home
  • Living Room
  • Recreation Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Georgetown Add Subdivision
  • Net Lease

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 450834176003000004

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,140

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1961
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Paved Road, Sidewalks
  • ResoOtherEquipment: None
  • Co List Office Mls Id: GNR1663
  • Subdivision Name: Georgetown Add
  • Architectural Style: Tri-Level
  • GNR_Exterior: Aluminum Siding
  • GNR_UnfinishedSquareFootage: 0
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: Yes
  • GNR_Well: No
  • GNR_TotalBathrooms: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_RealEstateOwnedYN: true
  • GNR_SewerYN: true
  • GNR_ShortSaleYN: false
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Interior Amenities: Other
  • Basement YN: No
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Fence
  • Acres: 0.131

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Cooling Y N: No
  • Heating: Natural Gas

Lot Info

  • Lot Dimensions: 60x95
  • Lot Size Sq Ft: 5706
  • Parcel #: 450834176003000004

Tax Info

  • Year: 2021
  • Tax Annual Amount: 1140

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2023
Closed on
Dec 1, 2023
Sold by
Marithom Llc
Bought by
Cousins Tracy
Seller's Agent
John Sandridge
Eagle Pro Realty
Buyer's Agent
Angela Morrow
Majestic Real Estate Group, LL
List Price
$114,900
Sold Price
$120,000
Premium/Discount to List
$5,100
4.44%
Views
52
Current Estimated Value
$147,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,743
Avg. Annual Appreciation
11.97%
Original Mortgage
$7,200
Outstanding Balance
$7,089
Interest Rate
7.9%
Mortgage Type
FHA
Estimated Equity
$140,654

Purchase Details

Listed on
Aug 30, 2023
Closed on
Nov 22, 2023
Sold by
Marithom Llc
Bought by
Cousins Tracy
Seller's Agent
John Sandridge
Eagle Pro Realty
Buyer's Agent
Angela Morrow
Majestic Real Estate Group, LL
List Price
$114,900
Sold Price
$120,000
Premium/Discount to List
$5,100
4.44%
Views
52

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,200
Outstanding Balance
$7,089
Interest Rate
7.9%
Mortgage Type
FHA
Estimated Equity
$140,654

Purchase Details

Listed on
Feb 14, 2023
Closed on
May 18, 2023
Sold by
Secretary Of Veterans Affairs
Bought by
Marithom Llc
Seller's Agent
John Sandridge
Eagle Pro Realty
List Price
$43,500
Sold Price
$47,000
Premium/Discount to List
$3,500
8.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
528.35%

Purchase Details

Closed on
Jan 4, 2023
Sold by
Freedom Mortgage Corporation
Bought by
Secretary Of Veterans Affairs

Purchase Details

Closed on
Jan 3, 2023
Sold by
Freedom Mortgage Corporation
Bought by
Secretary Of Veterans Affairs

Purchase Details

Closed on
Dec 5, 2022
Sold by
Sheriff Of Lake County
Bought by
Freedom Mortgage Corporation

Purchase Details

Closed on
Dec 2, 2022
Sold by
Sheriff Of Lake County
Bought by
Freedom Mortgage Corporation
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 Type Sale Price Title Company
Warranty Deed $120,000 None Listed On Document
Warranty Deed -- None Listed On Document
Special Warranty Deed -- None Listed On Document
Special Warranty Deed -- --
Special Warranty Deed -- None Listed On Document
Sheriffs Deed $51,879 --
Sheriffs Deed $51,879 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $7,200 FHA
Closed $7,200 FHA
Open $111,000 New Conventional
Closed $111,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2023 11/27/23 Sold $120,000 -7.6% $49 / Sq Ft
09/16/2023 09/16/23 Pending -- -- --
09/11/2023 09/11/23 Price Changed $129,900 +13.1% $53 / Sq Ft
08/30/2023 08/30/23 For Sale $114,900 +144.5% $47 / Sq Ft
05/26/2023 05/26/23 Sold $47,000 +8.0% $19 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
02/14/2023 02/14/23 For Sale $43,500 -- $18 / 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 $3,738 $121,700 $6,400 $115,300
2023 $1,069 $42,400 $7,300 $35,100
2022 $1,038 $40,500 $5,100 $35,400
2021 $1,025 $40,000 $5,000 $35,000
2020 $0 $40,400 $5,000 $35,400
2019 $105 $39,900 $4,900 $35,000
2018 $105 $44,400 $5,500 $38,900
2017 $105 $45,000 $5,500 $39,500
2016 $105 $61,300 $5,500 $55,800
2014 -- $74,000 $6,800 $67,200
2013 -- $71,900 $6,800 $65,100
Source: Public Records

Agents Affiliated with this Home

  • John Sandridge

    Seller's Agent in 2023

    John Sandridge

    Eagle Pro Realty

    (219) 712-7271

    20 in this area

    134 Total Sales

    John Sandridge
    Section Image

  • A

    Buyer's Agent in 2023

    Angela Morrow

    Majestic Real Estate Group, LL

    (219) 359-6340

    13 in this area

    39 Total Sales

    Angela Morrow
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR526100

Northwest Indiana Association of REALTORS®

APN: 45-08-34-176-003.000-004

Indiana Lake County Gary 46409 Glen Park

425 E 47th Ave, Gary, IN

This home is located at 425 E 47th Ave, Gary, IN 46409 and is currently priced at $47,000, approximately $19 per square foot. This property was built in 1961. 425 E 47th Ave 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.

Nearby Homes