NOT LISTED FOR SALE

506 Grove St East Chicago, IN 46312

Estimated Value: $47,000 - $88,693

3 Beds
1 Bath
1,044 Sq Ft
$65/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $5,200 $5 Per Sq Ft

Est. 1,199% increase in value since last sale

Current estimated payment $452/month

137 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 2-minute walk to Marktown Park

About This Home

As of October 2020

Great opportunity to own a piece of history! This 3 bedroom 1 bath property is located in East Chicago's Historic Marktown neighborhood! Great investment property or starter home for someone looking to put in some elbow grease. Property is also conveniently located near many of the major industrial employers in the area. Truly a great buy for the price!

Last Agent to Sell the Property

Nicholas Smith

Coldwell Banker Realty License #RB14047418 Listed on: 06/04/2020

Coldwell Banker Realty

Last Buyer's Agent

Jose Sanchez

Reliable Real Estate NWI. Inc. License #RB14040861

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,007

Year Built

  • Built in 1919

Lot Details

  • 1,520 Sq Ft Lot
  • Lot Dimensions are 40 x 38

Home Design

  • 1,044 Sq Ft Home
  • Fixer Upper

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement

Community Details

  • No Home Owners Association
  • Mark Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450316330014000024

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,007

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1919
  • Reso Property Sub Type: Single Family Residence
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA166
  • Subdivision Name: Mark Sub
  • Above Grade Finished Sq Ft: 1044
  • Property Attached Yn: No
  • Reso Property Condition: Fixer
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Interior Amenities: None
  • Basement: Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: None
  • Acres: 0.0349
  • Construction Type: Stucco

Garage/Parking

  • Parking Features: None

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: City of East Chicago

Lot Info

  • Lot Dimensions: 40 x 38
  • Lot Size Sq Ft: 1520
  • Parcel #: 450316330014000024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2020
Closed on
Oct 30, 2020
Sold by
City Of East Chicago Departmennt Of Rede
Bought by
Marin Carolina Posadas and Luna Marcelo Soto
Seller's Agent
Nicholas Smith
Coldwell Banker Realty
Buyer's Agent
Jose Sanchez
Reliable Real Estate NWI. Inc.
List Price
$5,200
Sold Price
$5,200
Current Estimated Value
$67,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,364
Avg. Annual Appreciation
77.21%

Purchase Details

Closed on
Jan 8, 2020
Sold by
City Of East Chicago
Bought by
East Chicago Department Of Redevelopment

Purchase Details

Closed on
Jan 10, 2014
Sold by
Diaz Margarita
Bought by
The City Of East Chicago
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
Marin Carolina Posadas -- Community Title Company
East Chicago Department Of Redevelopment -- None Available
East Chicago Department Of Redevelopment -- None Available
The City Of East Chicago -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $5,200 0.0% $5 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $5,200 -- $5 / 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 $1,007 $22,100 $3,400 $18,700
2023 $67 $21,100 $3,400 $17,700
2022 $67 $6,700 $4,400 $2,300
2021 $55 $5,500 $3,400 $2,100
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $288 $0 $0 $0
2014 -- $0 $0 $0
2013 $469 $18,400 $3,400 $15,000
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Smith

    Seller's Agent in 2020

    Nicholas Smith

    Coldwell Banker Realty

    (219) 805-2857

    47 Total Sales

    Nicholas Smith
    Section Image

  • J

    Buyer's Agent in 2020

    Jose Sanchez

    Reliable Real Estate NWI. Inc.

    (219) 677-0768

    103 Total Sales

    Jose Sanchez
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 475678

Northwest Indiana Association of REALTORS®

APN: 45-03-16-330-014.000-024

Indiana Lake County East Chicago 46312

506 Grove St, East Chicago, IN

This home is located at 506 Grove St, East Chicago, IN 46312 since 04 June 2020 and is currently estimated at $67,564, approximately $64 per square foot. This property was built in 1919. 506 Grove St is a home located in Lake County with nearby schools including East Chicago Central High School, East Chicago Lighthouse, and Indiana Harbor Catholic 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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