NOT LISTED FOR SALE

500 W 56th Ave Merrillville, IN 46410

North Merrillville Neighborhood

Estimated Value: $188,000 - $273,000

3 Beds
1.5 Baths
1,175 Sq Ft
$200/Sq Ft Est. Value

Last Sold March 01, 2022

Last sale price $151,000 $129 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $1,529/month

3 Days on Market

Highlights

  • Recreation Room
  • Double Oven
  • Country Kitchen
  • Ranch Style House
  • 1.5 Car Detached Garage
  • Cooling Available

About This Home

As of March 2022

This METICULOUSLY maintained 3 bedroom, 1.5 bathroom ranch with basement located in Meadowland Estates is sure to please!! The main floor offers hardwood floors throughout the living area and bedrooms, a county kitchen with dining room. Large deck with surrounding wood fence. Large unfinished basement. The home is being sold as-is.

Last Agent to Sell the Property

Ted Gross

Listing Leaders Northwest License #RB16001147 Listed on: 01/30/2022

Listing Leaders Northwest

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $552

Year Built

  • Built in 1956

Lot Details

  • 8,189 Sq Ft Lot
  • Lot Dimensions are 75x109
  • Fenced
  • Level Lot

Parking

  • 1.5 Car Detached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • 1,175 Sq Ft Home
  • Living Room
  • Dining Room
  • Recreation Room
  • Basement
  • Sump Pump

Kitchen

  • Country Kitchen
  • Double Oven
  • Portable Gas Range
  • Range Hood
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Dryer
  • Washer

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 451204254014000031

Home Details

Home Type

Single Family

Est. Annual Taxes

$552

Year Built

Built in 1956

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1956
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Nearly Level, Sidewalks
  • ResoOtherEquipment: Cable TV Hookup, Sump Pump
  • Co List Office Mls Id: GNR1959
  • Subdivision Name: Meadowland Estates
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Aluminum Siding,Brick
  • GNR_UnfinishedSquareFootage: 1175
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: Yes
  • GNR_Well: No
  • GNR_TotalBathrooms: 1.5
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Dryer, Portable Gas Range, Microwave, Range Hood, Refrigerator, Washer
  • Interior Amenities: Country Kitchen, Main Bedroom Bath, Main Floor Bathroom, Main Floor Bedroom, Main Floor Laundry
  • Basement: Enclosed
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Fence
  • Acres: 0.188

Garage/Parking

  • Garage Spaces: 1.5
  • Parking Features: Detached

Utilities

  • Cooling Y N: Yes
  • Heating: Electric, Natural Gas

Schools

  • Junior High Dist: Merrillville

Lot Info

  • Lot Dimensions: 75X109
  • Lot Size Sq Ft: 8189
  • Parcel #: 451204254014000031

Tax Info

  • Year: 2020
  • Tax Annual Amount: 552

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2023
Sold by
Housemart Inc
Bought by
Midwest Rental Solutions Llc
Current Estimated Value
$234,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,809,380
Outstanding Balance
$3,721,789
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
-$3,475,313

Purchase Details

Listed on
Jan 30, 2022
Closed on
Mar 2, 2022
Sold by
Jervean Gates
Bought by
Housemart Inc
Seller's Agent
Ted Gross
Listing Leaders Northwest
List Price
$151,000
Sold Price
$151,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.89%
Original Mortgage
$100,000
Interest Rate
3.39%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 30, 2022
Closed on
Mar 1, 2022
Sold by
Jervean Gates
Bought by
Housemart Inc
Seller's Agent
Ted Gross
Listing Leaders Northwest
List Price
$151,000
Sold Price
$151,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.39%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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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
Midwest Rental Solutions Llc -- --
Housemart Inc -- Fidelity National Title
Housemart Inc -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Midwest Rental Solutions Llc $3,809,380
Previous Owner Housemart Inc $100,000
Previous Owner Housemart Inc $225,000
Previous Owner Gates Jervean $97,000
Previous Owner Gates Jervean $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2022 03/01/22 Sold $151,000 0.0% $129 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
01/30/2022 01/30/22 For Sale $151,000 -- $129 / 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 $3,128 $135,400 $32,100 $103,300
2023 $901 $133,500 $31,200 $102,300
2022 $901 $116,000 $26,300 $89,700
2021 $642 $96,600 $23,200 $73,400
2020 $552 $90,500 $21,700 $68,800
2019 $678 $89,600 $21,500 $68,100
2018 $690 $88,000 $21,500 $66,500
2017 $684 $86,900 $21,500 $65,400
2016 $686 $89,300 $20,600 $68,700
2014 $594 $92,600 $21,400 $71,200
2013 $629 $93,300 $23,100 $70,200
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Ted Gross

    Listing Leaders Northwest

    (219) 323-0790

    1 in this area

    14 Total Sales

    Ted Gross
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR506672

Northwest Indiana Association of REALTORS®

APN: 45-12-04-254-014.000-031

Indiana Lake County Merrillville 46410 North Merrillville

500 W 56th Ave, Merrillville, IN

This home is located at 500 W 56th Ave, Merrillville, IN 46410 since 30 January 2022 and is currently estimated at $234,550, approximately $199 per square foot. This property was built in 1956. 500 W 56th Ave 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.

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