NOT LISTED FOR SALE

501 E 47th Place Gary, IN 46409

Glen Park Neighborhood

Estimated Value: $68,296 - $105,000

3 Beds
1 Bath
960 Sq Ft
$91/Sq Ft Est. Value

Last Sold April 25, 2014

Last sale price $11,375 $12 Per Sq Ft

Est. 670% increase in value since last sale

Current estimated payment $707/month

184 Days on Market

Highlights

  • Ranch Style House
  • 1 Car Attached Garage
  • Living Room

About This Home

As of April 2014

Bring any and all offers for this property.Can be purchased with other properties being offered.

Last Listed By

Eric Griffin

Griffin Realty, LLC License #RB14032666 Listed on: 10/01/2013

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955

Lot Details

  • 5,706 Sq Ft Lot
  • Lot Dimensions are 60x95

Parking

  • 1 Car Attached Garage

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 960 Sq Ft Home
  • Living Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Community Details

  • George Town Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450834177006000004

Home Details

Home Type

Single Family

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1955
  • Co List Office Mls Id: GNR670
  • Subdivision Name: George town
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Vinyl
  • GNR_UnfinishedSquareFootage: 0
  • GNR_HeatSystem: None
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: Yes
  • GNR_Well: No
  • GNR_TotalBathrooms: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Interior Amenities: None
  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: None
  • Acres: 0.131

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Attached

Utilities

  • Cooling Y N: No
  • Heating: Natural Gas

Schools

  • Junior High Dist: Gary

Lot Info

  • Lot Dimensions: 60x95
  • Lot Size Sq Ft: 5706
  • Parcel #: 450834177006000004

Tax Info

  • Year: 2012
  • Tax Annual Amount: 1134

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2024
Sold by
Ristevski Simon
Bought by
Dad Properties Acquisitions Llc
Total Days on Market
184
Current Estimated Value
$87,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
6.49%
Mortgage Type
New Conventional

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
$2,570,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2024
Sold by
Dad Properties Acquisitions Llc
Bought by
Dad Legacy Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,570,000
Interest Rate
6.87%
Mortgage Type
New Conventional

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
$2,570,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 1, 2013
Closed on
Apr 23, 2014
Sold by
Xm Properties Llc
Bought by
American Rentals Llc
Seller's Agent
Eric Griffin
Griffin Realty, LLC
List Price
$11,375
Sold Price
$11,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.26%
Source: Public Records

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Range of Values:

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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
Dad Properties Acquisitions Llc $3,100,000 Near North Title
Ristevski Simon $47,500 Chicago Title Company
Dad Legacy Iii Llc -- None Listed On Document
Gary Property Recovery Holdings Llc -- Meridian Title
American Rentals Llc -- Hold For Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dad Properties Acquisitions Llc $5,000,000
Previous Owner Dad Legacy Iii Llc $2,570,000
Previous Owner American Rentals Llc $900,000
Previous Owner Xm Properties Llc $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2014 04/25/14 Sold $11,375 0.0% $12 / Sq Ft
04/03/2014 04/03/14 Pending -- -- --
10/01/2013 10/01/13 For Sale $11,375 -- $12 / 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 $2,583 $45,600 $6,400 $39,200
2023 $739 $29,300 $7,300 $22,000
2022 $725 $28,200 $5,100 $23,100
2021 $661 $25,700 $5,000 $20,700
2020 $661 $25,700 $5,000 $20,700
2019 $730 $25,300 $4,900 $20,400
2018 $820 $28,100 $5,500 $22,600
2017 $619 $28,500 $5,500 $23,000
2016 $952 $41,000 $5,500 $35,500
2014 $1,192 $50,800 $6,800 $44,000
2013 $1,113 $49,400 $6,800 $42,600
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Eric Griffin

    Griffin Realty, LLC

    (219) 313-3359

    9 in this area

    27 Total Sales

    Eric Griffin
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR337791

Northwest Indiana Association of REALTORS®

APN: 45-08-34-177-006.000-004

Indiana Lake County Gary 46409 Glen Park

501 E 47th Place, Gary, IN

This home is located at 501 E 47th Place, Gary, IN 46409 since 01 October 2013 and is currently estimated at $87,574, approximately $91 per square foot. This property was built in 1955. 501 E 47th Place 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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