NOT LISTED FOR SALE

551 Buchanan St Gary, IN 46402

Downtown Gary Neighborhood

Estimated Value: $79,000 - $126,000

3 Beds
1 Bath
1,288 Sq Ft
$83/Sq Ft Est. Value

Sale Details

Date Sold: April 13, 2020

Last sale price $30,000 $23 Per Sq Ft

Est. 257% increase in value since last sale

Current estimated payment $668 / mo

28 Days on Market

Highlights

  • Covered Patio or Porch
  • Detached Garage
  • Forced Air Heating System
  • Formal Dining Room
  • Living Room
  • Fenced

About This Home

As of April 2020

Large 3 bedroom, 1 bath two story home with 2 car garage located on quiet street! Formal dining room, large living room! Good sized bedrooms, nice staircase! And, a full basement....livable and in move in condition! Fenced yard, enclosed front porch, enclosed back porch! Very clean and painted basement floors! A must see!

Last Agent to Sell the Property

Nicole Hanson

Advanced Real Estate, LLC License #RB14044520 Listed on: 03/09/2020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1915

Lot Details

  • 5,358 Sq Ft Lot
  • Lot Dimensions are 43x123
  • Fenced
  • Paved or Partially Paved Lot
  • Zoning described as 510

Parking

  • Detached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,288 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Formal Dining Room
  • Natural lighting in basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Covered Patio or Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Gary Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450804304007000004

Home Details

Home Type

Single Family

Year Built

Built in 1915

Lot Details

5,358 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 1915
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Paved Road
  • ResoOtherEquipment: None
  • Co List Office Mls Id: GNR121
  • Co List Office Mls Id: GNR121
  • Subdivision Name: Gary
  • Architectural Style: Two Story
  • GNR_Exterior: Brick
  • GNR_UnfinishedSquareFootage: 644
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: Yes
  • GNR_Well: No
  • GNR_TotalBathrooms: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Interior Amenities: Formal Dining
  • Basement: Daylight
  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Porch-Covered, Fence
  • Acres: 0.123

Garage/Parking

  • Parking Features: Detached

Utilities

  • Utilities: On
  • Cooling Y N: No
  • Heating: Natural Gas

Lot Info

  • Lot Dimensions: 43x123
  • Lot Size Sq Ft: 5358
  • ResoLotSizeUnits: Acres
  • Parcel #: 450804304007000004
  • Zoning Description: 510
  • ResoLotSizeUnits: Acres

Tax Info

  • Year: 2018
  • Tax Annual Amount: 839

Multi Family

  • Existing Lease Type: Net

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2025
Sold by
Bought by
Current Estimated Value
$107,195

Purchase Details

Closed on
Jun 16, 2025
Sold by
Bought by

Purchase Details

Closed on
Apr 4, 2025
Sold by
Bought by

Purchase Details

Listed on
Mar 9, 2020
Closed on
Apr 8, 2020
Sold by
Bought by
Seller's Agent
Nicole Hanson
Advanced Real Estate, LLC
List Price
$30,000
Sold Price
$30,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.09%

Purchase Details

Closed on
Apr 3, 2014
Sold by
Bought by

Purchase Details

Closed on
Dec 4, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 15, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 2005
Sold by
Bought by

Purchase Details

Closed on
Jul 1, 2005
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Insurance Compan
-- Chicago Title Insurance Compan
-- Chicago Title Insurance Compan
-- Indiana Title Network Co
-- None Available
$3,188 None Available
-- Meridian Title Corp
-- Meridian Title Corp
$31,450 Meridian Title Corp
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/13/2020 04/13/20 Sold $30,000 0.0% $23 / Sq Ft
04/06/2020 04/06/20 Pending -- -- --
03/09/2020 03/09/20 For Sale $30,000 -- $23 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,188 $59,200 $6,900 $52,300
2024 $3,835 $54,500 $6,900 $47,600
2023 $1,099 $43,500 $6,800 $36,700
2022 $1,099 $42,900 $4,300 $38,600
2021 $1,027 $40,100 $4,300 $35,800
2020 $1,130 $44,100 $4,300 $39,800
2019 $898 $41,900 $4,300 $37,600
2018 $898 $39,500 $4,100 $35,400
2017 $927 $40,100 $4,100 $36,000
2016 $951 $41,800 $4,100 $37,700
2014 $721 $30,800 $5,100 $25,700
2013 $939 $41,800 $5,100 $36,700
Source: Public Records

Agents Affiliated with this Home

  • Nicole Hanson

    Seller's Agent in 2020

    Nicole Hanson

    Advanced Real Estate, LLC

    (219) 588-5281

    127 Total Sales

    Nicole Hanson
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR471138

Northwest Indiana Association of REALTORS®

APN: 45-08-04-304-007.000-004

Indiana Lake County Gary 46402 Downtown Gary

551 Buchanan St, Gary, IN

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® All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Copyright 2026 Multiple 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.
Listings courtesy of Northwest Indiana Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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