NOT LISTED FOR SALE

540 Van Buren St Gary, IN 46402

Downtown Gary Neighborhood

Estimated Value: $33,000 - $102,000

3 Beds
1.5 Baths
1,575 Sq Ft
$39/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $20,000 $13 Per Sq Ft

Est. 211% increase in value since last sale

Current estimated payment $433/month

85 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Porch
  • 1 Fireplace
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of March 2024

This 2-story, 3 bed, 1.5 bath fixer-upper is a diamond in the rough, situated on a spacious lot. This charming brick home offers endless possibilities for those with a vision and passion for restoration.Step into the potential of this property featuring a cozy fireplace, perfect for creating a warm and inviting atmosphere. The large fenced-in yard provides ample space for outdoor activities and gardening, making it an ideal retreat within the city.While the home needs a major renovation, it comes with an enclosed front and back porch, offering additional space for relaxation and entertainment. With a little creativity and effort, this property has the potential to become your dream home.Conveniently located near public transportation, commuting is a breeze, and proximity to shopping makes errands a snap. Don't miss out on the chance to transform this fixer-upper into a stunning gem that reflects your unique style and taste.

Last Agent to Sell the Property

Armond Boulware

Coldwell Banker Realty License #RB17001020 Listed on: 12/18/2023

Coldwell Banker Realty

Last Buyer's Agent

Jeremy Williams

Trueblood Real Estate, LLC License #RB24000242

Trueblood Real Estate, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1912

Lot Details

  • 4,487 Sq Ft Lot
  • Lot Dimensions are 30x150

Parking

  • 2 Car Detached Garage

Home Design

  • Fixer Upper
  • Brick Foundation

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Wood Flooring
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Gary Land Companys 01 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450804401008000004

Home Details

Home Type

Single Family

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1912
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Paved
  • Road Surface Type: Paved
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA166
  • Subdivision Name: Gary Land Companys 01
  • Above Grade Finished Sq Ft: 1170
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Reso Property Condition: Fixer
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Basement: Interior Entry
  • Flooring: Hardwood
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 405
  • Fireplaces: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.103
  • Construction Type: Brick
  • Patio And Porch Features: Porch

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks
  • Association: No

Lot Info

  • Lot Dimensions: 30x150
  • Lot Size Sq Ft: 4487
  • Parcel #: 450804401008000004

Tax Info

  • Year: 2022
  • Tax Annual Amount: 768

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2023
Closed on
Mar 27, 2024
Sold by
Booyer Brenda
Bought by
Bone Zachary
Seller's Agent
Armond Boulware
Coldwell Banker Realty
Buyer's Agent
Jeremy Williams
Trueblood Real Estate, LLC
List Price
$24,000
Sold Price
$20,000
Premium/Discount to List
-$4,000
-16.67%
Views
130
Current Estimated Value
$62,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,142
Avg. Annual Appreciation
177.96%

Purchase Details

Closed on
Nov 10, 2023
Sold by
Boulware Armond N
Bought by
Booyer Brenda

Purchase Details

Closed on
Sep 27, 2023
Sold by
Boulware Armond N
Bought by
Booyer Brenda

Purchase Details

Closed on
Nov 3, 2022
Sold by
Auditor Of Lake County
Bought by
Ibat Holdings In Llc

Purchase Details

Closed on
Dec 21, 2017
Sold by
Reo Logic Indiana Holdings Llc
Bought by
Ibat Holdings In Llc

Purchase Details

Closed on
Aug 24, 2015
Sold by
Us Bank
Bought by
Reo Logic Indiana Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
3.97%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 7, 2015
Sold by
Banks Leon
Bought by
Us Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
3.97%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
Bone Zachary $20,000 Fidelity National Title
Booyer Brenda -- None Listed On Document
Booyer Brenda -- None Listed On Document
Ibat Holdings In Llc -- None Listed On Document
Ibat Holdings In Llc -- None Available
Reo Logic Indiana Holdings Llc -- None Available
Us Bank $1,346 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reo Logic -Indiana Holdings Llc $10,000,000
Previous Owner Reo Logic Indiana Holdings Llc $10,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $20,000 0.0% $13 / Sq Ft
03/12/2024 03/12/24 Price Changed $20,000 -9.1% $13 / Sq Ft
03/06/2024 03/06/24 Price Changed $22,000 -8.3% $14 / Sq Ft
12/31/2023 12/31/23 For Sale $24,000 -- $15 / 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 $1,076 $13,400 $6,100 $7,300
2023 $308 $12,200 $5,100 $7,100
2022 $305 $11,900 $5,000 $6,900
2021 $290 $11,300 $5,000 $6,300
2020 $290 $11,300 $5,000 $6,300
2019 $1,438 $46,100 $5,000 $41,100
2018 $1,380 $46,100 $5,000 $41,100
2017 $1,033 $46,400 $5,000 $41,400
2016 $1,062 $48,400 $5,000 $43,400
2014 $569 $53,200 $6,200 $47,000
2013 $539 $51,600 $6,200 $45,400
Source: Public Records

Agents Affiliated with this Home

  • Armond Boulware

    Seller's Agent in 2024

    Armond Boulware

    Coldwell Banker Realty

    (219) 614-7986

    11 in this area

    54 Total Sales

    Section Image

  • J

    Buyer's Agent in 2024

    Jeremy Williams

    Trueblood Real Estate, LLC

    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 542974

Northwest Indiana Association of REALTORS®

APN: 45-08-04-401-008.000-004

Indiana Lake County Gary 46402 Downtown Gary

540 Van Buren St, Gary, IN

This home is located at 540 Van Buren St, Gary, IN 46402 since 18 December 2023 and is currently estimated at $62,142, approximately $39 per square foot. This property was built in 1912. 540 Van Buren St is a home located in Lake County with nearby schools including Beveridge Elementary School, Gary Middle School, 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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