NOT LISTED FOR SALE

500 W 55th Ln Merrillville, IN 46410

North Merrillville Neighborhood

Estimated Value: $213,000 - $242,000

3 Beds
2 Baths
2,430 Sq Ft
$95/Sq Ft Est. Value

Last Sold October 30, 2018

Last sale price $116,899 $48 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $1,558/month

52 Days on Market

Highlights

  • Recreation Room
  • Formal Dining Room
  • Cooling Available
  • Ranch Style House
  • Wet Bar
  • Patio

About This Home

As of October 2018

Home Sweet Home...Come see this charming, well-maintained, 3bdrm 2bath ranch on a full finished basement. *MOTIVATED SELLER* is including a ONE YEAR HOME WARRANTY-all appliances stay. The spacious eat in kitchen has newer cabinets, counter tops and flooring. Roomy family room opens to the formal dining area and is perfect for large family gatherings. New roof in 2018. Newer hot water heater and furnace is 5 years old & driveway has been re-done (asphalt). You will be sure to enjoy the basement which showcases a wet bar, (great for entertaining guests), full bath, a possible 4th bedroom and plenty of additional storage space. Priced to sell!

Last Agent to Sell the Property

Diana Gomez

Listing Leaders License #RB17001681 Listed on: 07/30/2018

Listing Leaders

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $761

Year Built

  • Built in 1956

Lot Details

  • 9,278 Sq Ft Lot
  • Lot Dimensions are 76x122
  • Paved or Partially Paved Lot

Parking

  • Carport

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 2,430 Sq Ft Home
  • Wet Bar
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Home Security System
  • Gas Range
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Storage Shed

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • Meadowland Estates Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 451204253025000031

Home Details

Home Type

Single Family

Est. Annual Taxes

$761

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1956
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Paved Road, Sidewalks
  • ResoOtherEquipment: Cable TV Hookup, Security System
  • Co List Office Mls Id: GNR1580
  • Subdivision Name: Meadowland Estates
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Brick,Wood
  • 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
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Gas Range, Refrigerator, Washer
  • Interior Amenities: Formal Dining, Main Floor Bathroom, Wet Bar
  • Basement: Enclosed
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Patio, Storage Shed
  • Acres: 0.213

Garage/Parking

  • Parking Features: Carport

Utilities

  • Utilities: On
  • Cooling Y N: Yes
  • Heating: Natural Gas

Lot Info

  • Lot Dimensions: 76x122
  • Lot Size Sq Ft: 9278
  • Parcel #: 451204253025000031

Tax Info

  • Year: 2017
  • Tax Annual Amount: 761

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2018
Closed on
Oct 30, 2018
Sold by
Gray Drenice
Bought by
Steele Darnisa J
Seller's Agent
Diana Gomez
Listing Leaders
List Price
$116,899
Sold Price
$116,899
Current Estimated Value
$231,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,082
Avg. Annual Appreciation
10.16%
Original Mortgage
$113,392
Outstanding Balance
$99,496
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$128,354

Purchase Details

Closed on
May 27, 2005
Sold by
Hooks Alverna D
Bought by
Gray Drenice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.19%
Mortgage Type
Fannie Mae Freddie Mac
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
Steele Darnisa J -- Fidelity National Title Co
Gray Drenice -- Indiana Title Network Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steele Darnisa J $113,392
Previous Owner Gray Drenice $97,419
Previous Owner Gray Drenice $15,937
Previous Owner Gray Drenice $110,888
Previous Owner Gray Drenice $84,000
Previous Owner Gray Drenice $21,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2018 10/30/18 Sold $116,899 0.0% $48 / Sq Ft
09/20/2018 09/20/18 Pending -- -- --
07/30/2018 07/30/18 For Sale $116,899 -- $48 / 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 $3,997 $173,000 $34,700 $138,300
2023 $1,449 $170,600 $33,600 $137,000
2022 $1,487 $158,400 $28,300 $130,100
2021 $1,118 $130,900 $24,900 $106,000
2020 $995 $122,700 $23,300 $99,400
2019 $1,106 $121,500 $23,100 $98,400
2018 $765 $92,800 $23,100 $69,700
2017 $761 $91,700 $23,100 $68,600
2016 $754 $93,800 $22,200 $71,600
2014 $663 $97,000 $23,100 $73,900
2013 $702 $97,700 $24,900 $72,800
Source: Public Records

Agents Affiliated with this Home

  • Diana Gomez

    Seller's Agent in 2018

    Diana Gomez

    Listing Leaders

    (219) 628-1326

    1 in this area

    19 Total Sales

    Diana Gomez
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR439890

Northwest Indiana Association of REALTORS®

APN: 45-12-04-253-025.000-031

Indiana Lake County Merrillville 46410 North Merrillville

500 W 55th Ln, Merrillville, IN

This home is located at 500 W 55th Ln, Merrillville, IN 46410 since 30 July 2018 and is currently estimated at $231,981, approximately $95 per square foot. This property was built in 1956. 500 W 55th Ln is a home located in Lake County with nearby schools including Henry P Fieler Elementary School, Merrillville Intermediate School, and Pierce Middle School.

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