NOT LISTED FOR SALE

5081 Madison St Gary, IN 46408

Glen Park Neighborhood

Estimated Value: $50,000 - $63,980

2 Beds
1 Bath
652 Sq Ft
$86/Sq Ft Est. Value

Last Sold February 27, 2024

Last sale price $35,000 $54 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $401/month

88 Days on Market

Highlights

  • No HOA
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Covered patio or porch
  • 1-Story Property

About This Home

As of February 2024

Investors or looking for a home to fix up this is a great chance . 2 bedroom 1 bath home .Detached garage with cement patio and covered area. . Located across the street fromGlen Park AcademyIn need of TLC Sold in AS IS condition.

Last Agent to Sell the Property

Debbie Massey-Krause

Century 21 Circle License #RB14039442 Listed on: 11/20/2023

Century 21 Circle

Last Buyer's Agent

Debbie Massey-Krause

Century 21 Circle License #RB14039442 Listed on: 11/20/2023

Century 21 Circle

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $769

Year Built

  • Built in 1953

Lot Details

  • 5,053 Sq Ft Lot
  • Lot Dimensions are 40x126

Parking

  • 2 Car Detached Garage

Home Design

  • Fixer Upper

Interior Spaces

  • 652 Sq Ft Home
  • 1-Story Property
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Junedale Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450833430014000004

Home Details

Home Type

Single Family

Est. Annual Taxes

$769

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1953
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Level, Paved
  • Road Surface Type: Paved
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA1369
  • Subdivision Name: Junedale Sub
  • Above Grade Finished Sq Ft: 652
  • Architectural Style: Bungalow
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Reso Property Condition: Fixer
  • AuctionYN: No
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Interior Amenities: Primary Downstairs
  • Basement: Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.116
  • Patio And Porch Features: Covered, Patio, Porch

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association: No

Schools

  • Junior High Dist: Gary

Lot Info

  • Lot Dimensions: 40x126
  • Lot Size Sq Ft: 5053
  • Parcel #: 450833430014000004

Tax Info

  • Year: 2022
  • Tax Annual Amount: 769

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2023
Closed on
Feb 20, 2024
Sold by
Greymorr Real Estate Llc
Bought by
Armstrong Willie A
Seller's Agent
Debbie Massey-Krause
Century 21 Circle
Buyer's Agent
Debbie Massey-Krause
Century 21 Circle
List Price
$54,900
Sold Price
$35,000
Premium/Discount to List
-$19,900
-36.25%
Views
139
Current Estimated Value
$61,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,458
Avg. Annual Appreciation
48.45%

Purchase Details

Closed on
Apr 6, 2023
Sold by
Auditor Of Lake County
Bought by
Greymorr Real Estate Llc

Purchase Details

Closed on
Oct 5, 2005
Sold by
Clement James and Walker Floyd
Bought by
Blair Lakenya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.83%
Mortgage Type
Fannie Mae Freddie Mac
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
Armstrong Willie A $35,000 Higgins Land Title Soltuions,
Greymorr Real Estate Llc $15,168 None Listed On Document
Blair Lakenya -- Indiana Title Network Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blair Lakenya $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2024 02/27/24 Sold $35,000 -16.7% $54 / Sq Ft
02/05/2024 02/05/24 Price Changed $42,000 -6.5% $64 / Sq Ft
12/18/2023 12/18/23 Price Changed $44,900 -8.4% $69 / Sq Ft
12/04/2023 12/04/23 Price Changed $49,000 -10.7% $75 / Sq Ft
11/20/2023 11/20/23 For Sale $54,900 -- $84 / 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 $5,995 $38,800 $9,000 $29,800
2023 $722 $68,000 $9,000 $59,000
2022 $722 $65,400 $6,000 $59,400
2021 $665 $60,400 $6,000 $54,400
2020 $649 $59,000 $6,000 $53,000
2019 $716 $59,600 $6,100 $53,500
2018 $941 $62,800 $6,300 $56,500
2017 $784 $62,000 $6,300 $55,700
2016 $806 $64,500 $6,300 $58,200
2014 $802 $70,900 $7,400 $63,500
2013 $783 $70,600 $7,400 $63,200
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Debbie Massey-Krause

    Century 21 Circle

    (219) 742-5649

    4 in this area

    35 Total Sales

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 541991

Northwest Indiana Association of REALTORS®

APN: 45-08-33-430-014.000-004

Indiana Lake County Gary 46408 Glen Park

5081 Madison St, Gary, IN

This home is located at 5081 Madison St, Gary, IN 46408 since 20 November 2023 and is currently estimated at $56,327, approximately $86 per square foot. This property was built in 1953. 5081 Madison St 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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