NOT LISTED FOR SALE

525 W 56th Place Merrillville, IN 46410

North Merrillville Neighborhood

Estimated Value: $218,000 - $245,129

3 Beds
1.5 Baths
2,430 Sq Ft
$95/Sq Ft Est. Value

Last Sold April 26, 2024

Last sale price $217,000 $89 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,572/month

33 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • No HOA
  • 1-Story Property

About This Home

As of April 2024

This 3-bedroom, 1.5-bathroom all-brick home combines classic design, showcasing hardwood floors, new kitchen flooring, a newer roof, new HVAC, and the added benefit of a whole house generator. It represents a well-loved residence, ready to provide a comfortable and secure living environment for its new owners.One standout feature of this property is the whole house generator, a practical and valuable addition. This ensures uninterrupted power supply during any potential outages, offering a sense of security and convenience. Whether it's during storms or other unforeseen events, residents can rest easy knowing that essential services will continue to function seamlessly.

Last Agent to Sell the Property

Mary Cossey

Coldwell Banker Realty License #RB14051491 Listed on: 02/23/2024

Coldwell Banker Realty

Last Buyer's Agent

Adrian Alvarez

Realty Executives Premier License #RB22000130

Realty Executives Premier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,400

Year Built

  • Built in 1957

Lot Details

  • 9,365 Sq Ft Lot
  • Lot Dimensions are 75x125

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Foundation

Interior Spaces

  • 1-Story Property
  • Washer
  • Basement

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

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

Community Details

  • No Home Owners Association
  • Meadowland Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 451204256009000031

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,400

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1957
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Paved
  • Road Surface Type: Paved
  • Reso View: None
  • ResoOtherEquipment: Other
  • Co List Office Mls Id: NRA166
  • Subdivision Name: Meadowland Estates
  • Above Grade Finished Sq Ft: 1215
  • Architectural Style: Bungalow
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • AboveGradeUnfinishedArea: 0.00
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Washer
  • Interior Amenities: Primary Downstairs
  • Basement: Interior Entry
  • Flooring: Hardwood, Tile
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1215
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: None
  • Acres: 0.215
  • Construction Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 75x125
  • Lot Size Sq Ft: 9365.4
  • Parcel #: 451204256009000031

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
Apr 24, 2024
Sold by
Burns Robert
Bought by
Rodriguez Alexa M and Bolanos Stephen Rodriguez
Seller's Agent
Mary Cossey
Coldwell Banker Realty
Buyer's Agent
Adrian Alvarez
Realty Executives Premier
List Price
$234,000
Sold Price
$217,000
Premium/Discount to List
-$17,000
-7.26%
Views
134
Current Estimated Value
$231,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,782
Avg. Annual Appreciation
4.81%
Original Mortgage
$206,150
Outstanding Balance
$203,443
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$27,551
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
Rodriguez Alexa M $217,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Alexa M $206,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $217,000 -4.2% $89 / Sq Ft
03/15/2024 03/15/24 Price Changed $226,500 -3.2% $93 / Sq Ft
02/23/2024 02/23/24 For Sale $234,000 -- $96 / 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 $3,711 $214,300 $34,500 $179,800
2023 $1,310 $158,400 $33,500 $124,900
2022 $1,207 $137,600 $28,100 $109,500
2021 $896 $114,400 $24,900 $89,500
2020 $788 $107,200 $23,300 $83,900
2019 $906 $106,100 $23,000 $83,100
2018 $927 $104,200 $23,000 $81,200
2017 $966 $105,900 $23,000 $82,900
2016 $919 $105,800 $22,100 $83,700
2014 $813 $107,700 $23,000 $84,700
2013 $859 $108,400 $24,800 $83,600
Source: Public Records

Agents Affiliated with this Home

  • Mary Cossey

    Seller's Agent in 2024

    Mary Cossey

    Coldwell Banker Realty

    (219) 313-5072

    6 in this area

    89 Total Sales

    Mary Cossey
    Section Image

  • A

    Buyer's Agent in 2024

    Adrian Alvarez

    Realty Executives

    (219) 256-2153

    2 in this area

    36 Total Sales

    Adrian Alvarez
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 545548

Northwest Indiana Association of REALTORS®

APN: 45-12-04-256-009.000-031

Indiana Lake County Merrillville 46410 North Merrillville

525 W 56th Place, Merrillville, IN

This home is located at 525 W 56th Place, Merrillville, IN 46410 since 23 February 2024 and is currently estimated at $231,782, approximately $95 per square foot. This property was built in 1957. 525 W 56th Place 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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