NOT LISTED FOR SALE

551 Johnson St Gary, IN 46402

Downtown Gary Neighborhood

Estimated Value: $110,000 - $192,000

3 Beds
1.5 Baths
3,456 Sq Ft
$42/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $89,800 $26 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $931/month

Highlights

  • Ranch Style House
  • Formal Dining Room
  • Cooling Available
  • 1 Fireplace
  • 2 Car Detached Garage
  • Living Room

About This Home

As of June 2022

Beautiful all brick ranch with a full unfinished basement ready for a new owner. Absolutely beautiful wood floors cover the main floor showing pride of ownership. Spacious bedrooms and living area make this a perfect choice for any buyer looking to spread out. Schedule your showing today!

Last Agent to Sell the Property

Kristin Trzoski

Advanced Real Estate, LLC License #RB14036260 Listed on: 04/20/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $891

Year Built

  • Built in 1920

Lot Details

  • 6,229 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 3,456 Sq Ft Home
  • 1 Fireplace
  • Living Room
  • Formal Dining Room
  • Portable Gas Range
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Utilities

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

Community Details

  • Gary Land Companys 03 Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450804302006000004

Home Details

Home Type

Single Family

Est. Annual Taxes

$891

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1920
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Curbs, Nearly Level, Sidewalks
  • ResoOtherEquipment: None
  • Co List Office Mls Id: GNR1984
  • Subdivision Name: Gary Land Companys 03
  • 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
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_RealEstateOwnedYN: false
  • GNR_SewerYN: true
  • GNR_ShortSaleYN: false
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Portable Gas Range, Refrigerator, Washer
  • Interior Amenities: Formal Dining, Main Floor Bathroom, Main Floor Bedroom
  • Basement: Enclosed
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1

Exterior Features

  • Exterior Features: None
  • Acres: 0.143

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

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

Lot Info

  • Lot Dimensions: 50X125
  • Lot Size Sq Ft: 6229
  • Parcel #: 450804302006000004

Tax Info

  • Year: 2020
  • Tax Annual Amount: 891

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2022
Closed on
Jun 20, 2022
Sold by
Jones Jr Lonnie L
Bought by
Williams Marquis
Seller's Agent
Kristin Trzoski
Advanced Real Estate, LLC
List Price
$89,800
Sold Price
$89,800
Current Estimated Value
$143,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,992
Avg. Annual Appreciation
15.90%
Original Mortgage
$5,388
Outstanding Balance
$3,804
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$139,988
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
Williams Marquis -- Greater Indiana Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Marquis $5,388
Open Williams Marquis $87,106
Previous Owner Jones Lonnie $53,200
Previous Owner Jones Lonnie $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $89,800 0.0% $26 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
04/20/2022 04/20/22 For Sale $89,800 -- $26 / 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 $8,129 $105,900 $7,600 $98,300
2023 $1,060 $92,200 $7,900 $84,300
2022 $1,028 $93,100 $5,000 $88,100
2021 $927 $85,700 $5,000 $80,700
2020 $891 $84,900 $5,000 $79,900
2019 $748 $78,800 $5,000 $73,800
2018 $527 $74,200 $4,700 $69,500
2017 $544 $75,100 $4,700 $70,400
2016 $678 $78,400 $4,700 $73,700
2014 $514 $79,200 $5,900 $73,300
2013 $447 $77,500 $5,900 $71,600
Source: Public Records

Agents Affiliated with this Home

  • Kristin Trzoski

    Seller's Agent in 2022

    Kristin Trzoski

    Advanced Real Estate, LLC

    (708) 701-1196

    4 in this area

    132 Total Sales

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR510568

Northwest Indiana Association of REALTORS®

APN: 45-08-04-302-006.000-004

Indiana Lake County Gary 46402 Downtown Gary

551 Johnson St, Gary, IN

This home is located at 551 Johnson St, Gary, IN 46402 since 20 April 2022 and is currently estimated at $143,792, approximately $41 per square foot. This property was built in 1920. 551 Johnson 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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