NOT LISTED FOR SALE

515 E 54th Place Merrillville, IN 46410

North Merrillville Neighborhood

Estimated Value: $225,000 - $293,000

3 Beds
2 Baths
1,891 Sq Ft
$134/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $194,000 $103 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,845/month

186 Days on Market

Highlights

  • Ranch Style House
  • Covered Patio or Porch
  • Cooling Available
  • No HOA
  • 1 Car Attached Garage
  • Home Security System

About This Home

As of January 2024

Well kept home has been updated with new roof, new windows, and the exterior has a fresh coat of paint. The interior has been updated with Hardwood floors throughout most of the main level including the 3 bedrooms. The main floor bathroom has a tub/shower and a double sink. In the basement you will find a rec room area, a 3/4 bath, and the utility/laundry room, with lots of extra space for storage. Large fenced lot book today. Sold as Is'

Last Agent to Sell the Property

Gwendolyn Sims

Devine Connection Realty Group Brokerage Phone: 219-588-2634 License #RB14024017 Listed on: 05/30/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $920

Year Built

  • Built in 1961

Lot Details

  • 10,106 Sq Ft Lot
  • Lot Dimensions are 87 x 116
  • Fenced
  • Level Lot

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • 1,891 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 451203131002000031

Community Details

Overview

  • No Home Owners Association
  • Meadowland Manor 02 Subdivision

Building Details

  • Net Lease

Home Details

Home Type

Single Family

Est. Annual Taxes

$920

Year Built

Built in 1961

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1961
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Curbs, Nearly Level, Sidewalks
  • ResoOtherEquipment: Cable TV Hookup, Security System
  • Co List Office Mls Id: GNR708
  • Subdivision Name: Meadowland Manor 02
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Brick
  • GNR_UnfinishedSquareFootage: 0
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: Yes
  • GNR_Well: No
  • GNR_TotalBathrooms: 1.75
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_RealEstateOwnedYN: false
  • GNR_SewerYN: true
  • GNR_ShortSaleYN: false
  • Attribution Contact: 219-588-2634
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave
  • Interior Amenities: None
  • Basement: Enclosed
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Porch-Covered, Fence, Patio
  • Acres: 0.232

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Attached, Garage Door Opener

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 87 X 116
  • Lot Size Sq Ft: 10106
  • Parcel #: 451203131002000031

Tax Info

  • Year: 2021
  • Tax Annual Amount: 920

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2023
Closed on
Feb 7, 2024
Sold by
Thompson Colin
Bought by
515 E 54Th Pl Llc
Seller's Agent
Gwendolyn Sims
Devine Connection Realty Group
List Price
$260,000
Sold Price
$194,000
Premium/Discount to List
-$66,000
-25.38%
Views
160
Current Estimated Value
$253,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,463
Avg. Annual Appreciation
14.61%
Original Mortgage
$164,900
Outstanding Balance
$162,195
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$91,268

Purchase Details

Listed on
May 30, 2023
Closed on
Jan 5, 2024
Sold by
Sherwood Felecia Lennette and Sherwood Lennette Felecia
Bought by
Thompson Colin
Seller's Agent
Gwendolyn Sims
Devine Connection Realty Group
List Price
$260,000
Sold Price
$194,000
Premium/Discount to List
-$66,000
-25.38%
Views
160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,900
Outstanding Balance
$162,195
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$91,268

Purchase Details

Listed on
May 30, 2023
Closed on
Jan 1, 2024
Sold by
Sherwood Stanley F and Whittler Felecia
Bought by
Thompson Colin
Seller's Agent
Gwendolyn Sims
Devine Connection Realty Group
List Price
$260,000
Sold Price
$194,000
Premium/Discount to List
-$66,000
-25.38%
Views
160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,900
Outstanding Balance
$162,195
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$91,268

Purchase Details

Listed on
Jul 31, 2021
Closed on
Sep 29, 2021
Sold by
E23 Investments Llc
Bought by
Sherwood Stanley F and Sherwood Lennette Felecia
Seller's Agent
Helen Chupp
RE/MAX Realty Associates
Buyer's Agent
Sonny Hammonds
Fathom Realty Indiana, LLC
List Price
$230,000
Sold Price
$230,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.22%
Original Mortgage
$170,940
Interest Rate
2.8%
Mortgage Type
VA

Purchase Details

Closed on
Sep 18, 2020
Sold by
Rodney Gladdis
Bought by
Tihe23 Investments Llc

Purchase Details

Closed on
Aug 28, 2020
Sold by
Gladdis Rodney and Estate Of Dalene Gladdis
Bought by
Gladdis Rodney and Gladdis Dalene

Purchase Details

Closed on
Jul 8, 2008
Sold by
Dalene Gladdis Revocable Trust Agreement
Bought by
Gladdis Dalene
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
515 E 54Th Pl Llc -- None Listed On Document
Thompson Colin -- Chicago Title Company
Thompson Colin $194,000 Chicago Title Company
Sherwood Stanley F $230,000 Liberty Title & Escrow
Tihe23 Investments Llc -- Chicago Title Insurance Co
Gladdis Rodney -- None Available
Gladdis Dalene -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Colin $164,900
Closed Thompson Colin $164,900
Previous Owner Sherwood Stanley F $170,940
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/05/2024 01/05/24 Sold $194,000 -7.6% $103 / Sq Ft
12/02/2023 12/02/23 Pending -- -- --
10/31/2023 10/31/23 Price Changed $210,000 -4.5% $111 / Sq Ft
09/19/2023 09/19/23 Price Changed $220,000 -15.4% $116 / Sq Ft
05/30/2023 05/30/23 For Sale $260,000 +13.0% $137 / Sq Ft
09/30/2021 09/30/21 Sold $230,000 0.0% $122 / Sq Ft View Prior Sale
08/13/2021 08/13/21 Pending -- -- --
07/31/2021 07/31/21 For Sale $230,000 -- $122 / 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 $6,151 $262,100 $31,000 $231,100
2023 $2,514 $262,500 $30,100 $232,400
2022 $2,235 $223,500 $23,700 $199,800
2021 $1,079 $128,600 $22,500 $106,100
2020 $767 $123,300 $21,700 $101,600
2019 $878 $119,400 $21,100 $98,300
2018 $862 $114,900 $21,100 $93,800
2017 $1,458 $112,900 $21,100 $91,800
2016 $807 $112,900 $20,300 $92,600
2014 $716 $116,000 $21,300 $94,700
2013 $750 $116,300 $22,900 $93,400
Source: Public Records

Agents Affiliated with this Home

  • Gwendolyn Sims

    Seller's Agent in 2024

    Gwendolyn Sims

    Devine Connection Realty Group

    (219) 886-9247

    1 in this area

    16 Total Sales

    Gwendolyn Sims
    Section Image

  • H

    Seller's Agent in 2021

    Helen Chupp

    RE/MAX

    Section Image

  • S

    Buyer's Agent in 2021

    Sonny Hammonds

    Fathom Realty Indiana, LLC

    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR531164

Northwest Indiana Association of REALTORS®

APN: 45-12-03-131-002.000-031

Indiana Lake County Merrillville 46410 North Merrillville

515 E 54th Place, Merrillville, IN

Not Listed for Sale

Detached

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