NOT LISTED FOR SALE

531 W 55th Ln Merrillville, IN 46410

North Merrillville Neighborhood

Estimated Value: $253,000 - $292,000

3 Beds
2.5 Baths
3,882 Sq Ft
$72/Sq Ft Est. Value

Last Sold March 23, 2018

Last sale price $148,000 $38 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $1,934/month

21 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Formal Dining Room
  • Recreation Room
  • 1 Fireplace
  • 2.5 Car Attached Garage

About This Home

As of March 2018

Beautiful 3 bedroom, 2 1/2 bath ranch with finished basement in Merrillville. Don't miss this amazing open floor plan with large great room & fireplace! Spacious kitchen with tons of cabinet space. The Rec room is perfect for entertaining with Wet bar. Plus all appliances included. Call to set up your private showing.

Last Agent to Sell the Property

Joseph McCormick

McCormick Real Estate, Inc. License #RB14045866 Listed on: 01/05/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,167

Year Built

  • Built in 1964

Lot Details

  • 9,568 Sq Ft Lot
  • Lot Dimensions are 92x104
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 2.5 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 3,882 Sq Ft Home
  • 1 Fireplace
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Basement
  • Sump Pump

Kitchen

  • Portable Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

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

Community Details

  • Meadowdale Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 451204254001000031

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,167

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1964
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Nearly Level, Paved Road, Sidewalks
  • ResoOtherEquipment: Cable TV Hookup, Sump Pump
  • Co List Office Mls Id: GNR1136
  • Subdivision Name: Meadowdale
  • 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: 2.5
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Portable Electric Range, Microwave, Refrigerator, Washer
  • Interior Amenities: Formal Dining, Main Bedroom Bath, Main Floor Bathroom, Main Floor Bedroom
  • Basement: Enclosed
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1

Exterior Features

  • Exterior Features: Deck
  • Acres: 0.2197

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Attached

Utilities

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

Lot Info

  • Lot Dimensions: 92x104
  • Lot Size Sq Ft: 9568
  • Parcel #: 451204254001000031

Tax Info

  • Year: 2016
  • Tax Annual Amount: 1167

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2018
Closed on
Mar 21, 2018
Sold by
Russell Wanda and Russell Wanda K
Bought by
Woodard Timothy
Seller's Agent
Joseph McCormick
McCormick Real Estate, Inc.
List Price
$148,000
Sold Price
$148,000
Current Estimated Value
$279,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,632
Avg. Annual Appreciation
8.76%
Original Mortgage
$145,319
Outstanding Balance
$124,879
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$154,753

Purchase Details

Closed on
Mar 20, 2008
Sold by
Foster Iris D Pace
Bought by
Russell Wanda and Russell Wanda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,200
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2007
Sold by
Foster Harold J
Bought by
Foster Iris D Pace
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
Woodard Timothy -- Meridian Title
Russell Wanda -- Ticor Mo
Foster Iris D Pace -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woodard Timothy $145,319
Previous Owner Russell Wanda $148,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2018 03/23/18 Sold $148,000 0.0% $38 / Sq Ft
01/26/2018 01/26/18 Pending -- -- --
01/05/2018 01/05/18 For Sale $148,000 -- $38 / 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 $5,399 $233,400 $37,000 $196,400
2023 $2,138 $230,400 $36,000 $194,400
2022 $2,008 $200,800 $30,200 $170,600
2021 $1,580 $165,300 $26,700 $138,600
2020 $1,424 $155,000 $25,000 $130,000
2019 $1,514 $153,200 $24,700 $128,500
2018 $1,561 $150,300 $24,700 $125,600
2017 $1,388 $136,300 $24,700 $111,600
2016 $1,320 $136,500 $23,800 $112,700
2014 $1,442 $154,000 $24,800 $129,200
2013 $1,502 $153,900 $26,600 $127,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Joseph McCormick

    McCormick Real Estate, Inc.

See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR427415

Northwest Indiana Association of REALTORS®

APN: 45-12-04-254-001.000-031

Indiana Lake County Merrillville 46410 North Merrillville

531 W 55th Ln, Merrillville, IN

This home is located at 531 W 55th Ln, Merrillville, IN 46410 since 05 January 2018 and is currently estimated at $279,632, approximately $72 per square foot. This property was built in 1964. 531 W 55th Ln is a home located in Lake County with nearby schools including Henry P Fieler Elementary School, Merrillville Intermediate School, and Pierce Middle School.

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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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