NOT LISTED FOR SALE

5527 W 45th Ave Gary, IN 46408

Ross Neighborhood

Estimated Value: $93,000 - $253,000

3 Beds
1 Bath
1,124 Sq Ft
$154/Sq Ft Est. Value

Last Sold August 30, 2012

Last sale price $40,000 $36 Per Sq Ft

Est. 333% increase in value since last sale

Current estimated payment $1,371/month

26 Days on Market

Highlights

  • 5 Acre Lot
  • Ranch Style House
  • Country Kitchen
  • Recreation Room
  • 1.5 Car Detached Garage
  • Living Room

About This Home

As of August 2012

Looking for room to expand? This home sits on FIVE acres of wooded land in unincorporated Calumet Township, just east of Griffith. The home was built in 1924 and does need some work. The home has three bedrooms, a large kitchen, main floor family room, and an enclosed front porch. It also has a full, unfinished basement. This is an estate sale, and is being sold As-Is. The home is located near 45th Avenue, so most of the acreage (at least 4 of the 5) is undeveloped. The home and detached garage will need some work, but the land can probably be used in a variety of ways. Low taxes are a plus!

Last Agent to Sell the Property

Michael McCarney

Coldwell Banker Realty License #RB14027840 Listed on: 07/19/2012

Last Buyer's Agent

Richard Serrano

Casa Realty License #RB14032077

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $720

Year Built

  • Built in 1924

Lot Details

  • 5 Acre Lot

Parking

  • 1.5 Car Detached Garage

Home Design

  • Ranch Style House
  • Composition Shingle

Interior Spaces

  • 1,124 Sq Ft Home
  • Living Room
  • Recreation Room
  • Country Kitchen
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Utilities

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

Community Details

  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450736126006000001

Home Details

Home Type

Single Family

Est. Annual Taxes

$720

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1924
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Acreage, Wooded, Paved Road, Nearly Level
  • ResoOtherEquipment: Sump Pump
  • Co List Office Mls Id: GNR230
  • Subdivision Name: unknown
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Composition Shingle
  • GNR_UnfinishedSquareFootage: 1124
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: Yes
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: No
  • GNR_Well: Yes
  • GNR_TotalBathrooms: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Interior Amenities: Main Floor Bedroom, Main Floor Bathroom, Country Kitchen
  • Basement: Enclosed
  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: None
  • Acres: 5

Garage/Parking

  • Garage Spaces: 1.5
  • Parking Features: Detached

Utilities

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

Schools

  • Junior High Dist: Lake Ridge

Lot Info

  • Lot Dimensions: unknown
  • Lot Size Sq Ft: 217800
  • ResoLotSizeUnits: Acres
  • Parcel #: 450736126006000001
  • ResoLotSizeUnits: Acres

Tax Info

  • Year: 2011
  • Tax Annual Amount: 720

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2021
Sold by
Hernandez J Carmen J and Hernandez Susana
Bought by
The Board Of Commissioners Of Lake
Current Estimated Value
$173,312

Purchase Details

Listed on
Jul 19, 2012
Closed on
Aug 30, 2012
Sold by
Vereb Lawrence J and Elizabeth D Vereb Revocable Tr
Bought by
Hernandez J Carmen J and Hernandez Susana
Seller's Agent
Michael McCarney
Coldwell Banker Realty
Buyer's Agent
Richard Serrano
Casa Realty
List Price
$40,000
Sold Price
$40,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.65%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
The Board Of Commissioners Of Lake $6,850 None Available
Hernandez J Carmen J -- Multiple
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2012 08/30/12 Sold $40,000 0.0% $36 / Sq Ft
08/14/2012 08/14/12 Pending -- -- --
07/19/2012 07/19/12 For Sale $40,000 -- $36 / 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 $4,959 $123,900 $35,000 $88,900
2023 $1,380 $116,400 $35,000 $81,400
2022 $1,380 $114,400 $31,600 $82,800
2021 $1,307 $107,100 $31,600 $75,500
2020 $1,295 $105,900 $31,600 $74,300
2019 $1,348 $103,200 $30,200 $73,000
2018 $1,442 $92,500 $28,800 $63,700
2017 $1,049 $65,300 $28,800 $36,500
2016 $984 $65,600 $28,200 $37,400
2014 $1,895 $63,600 $28,800 $34,800
2013 $1,796 $63,200 $28,800 $34,400
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Michael McCarney

    Coldwell Banker Realty

  • R

    Buyer's Agent in 2012

    Richard Serrano

    Casa Realty

    (219) 313-8450

    3 Total Sales

    Richard Serrano
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR311567

Northwest Indiana Association of REALTORS®

APN: 45-07-36-126-006.000-001

Indiana Lake County Gary 46319 Ross

5527 W 45th Ave, Gary, IN

This home is located at 5527 W 45th Ave, Gary, IN 46408 since 19 July 2012 and is currently estimated at $173,312, approximately $154 per square foot. This property was built in 1924. 5527 W 45th Ave is a home located in Lake County with nearby schools including Calumet High School, Calumet Christian School, and St Mary 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.

Nearby Homes