$250,000
SOLD FEB 7, 2025

5816 E 7th Ave Gary, IN 46403

Aetna Neighborhood
2 Beds
2 Baths
1,433 Sq Ft
7,100 Sq Ft Lot

Recently Sold

$174 Per Sq Ft

48% Below List Price

208 Days on Market

Highlights

  • Panoramic View
  • 1-minute walk to Miller (Gary) Station
  • No HOA
  • Deck
  • Wood Flooring
  • Covered Patio or Porch

About This Home

As of February 2025

Welcome to 5816 East 7th Avenue! Located within the "East Lakefront District" this is a RARE chance to own a Prime Mixed - Use Building. Located directly across from the new Miller Beach South Shore Train Station! This property presents an extraordinary opportunity for the Astute Investor or Business Visionary! With its Strategic location, expansive parking capacity, centered directly within the Miller Lake Street TOD zone and Business district! The possibilities for this Mixed-use space, business or residential, is limitless! Don't miss out on this rare chance to own a piece of prime real estate in one of Miller Beach's most sought-after locations. The Sale includes 3 adjoining Parcels with parking for 18 Vehicles. Conveniently located, and just steps away from Millers Business district for boutique shopping, dining options, a craft brewery, coffee shops, banking, public library and post office. Experience the "Miller Beach Creative Arts District" for ongoing artists and cultural events. Only minutes away by bike or car to Lake Street Beach access! Miller, a community unparalleled in its offerings. Don't miss out on this exceptional property! Explore the endless possibilities this property has to offer!

Last Agent to Sell the Property

Alan Harrell

McColly Real Estate License #RB14052205 Listed on: 04/27/2024

Last Buyer's Agent

Javier Ledesma

Horizon Realty, LLC License #RB21000736

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,211

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 7,100 Sq Ft Lot
  • Wood Fence
  • Back Yard Fenced
  • Zoning described as Mixed Use

Parking

  • 1 Car Garage

Property Views

  • Panoramic
  • Neighborhood

Home Design

  • Brick Foundation
  • Block Foundation
  • Fiberglass Roof

Interior Spaces

  • 1,433 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Gas Log Fireplace
  • Insulated Windows
  • Blinds
  • Window Screens
  • Attic Stairs

Flooring

  • Wood
  • Carpet
  • Slate Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Sink Near Laundry
  • Washer Hookup

Basement

  • Laundry in Basement
  • Natural lighting in basement

Home Security

  • Security Lights
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Three-Phase Power

Listing and Financial Details

  • Assessor Parcel Number 450906409012000004

Community Details

Overview

  • No Home Owners Association
  • Ridge Sub Subdivision

Amenities

  • Restaurant

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,211

Year Built

Built in 1924 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1924
  • Reso Property Sub Type: Single Family Residence
  • Road Frontage Type: Other
  • ResoLaundryFeatures: In Basement, Washer Hookup, Sink
  • ResoLotFeatures: Back Yard, Views, Near Public Transit, Front Yard, Level, Irregular Lot
  • ResoPoolFeatures: None
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Asphalt
  • Reso View: Neighborhood, See Remarks, Panoramic
  • ResoSecurityFeatures: Security Lights, Smoke Detector(s)
  • Co List Office Mls Id: NRA266
  • Subdivision Name: Ridge Sub
  • Above Grade Finished Sq Ft: 1433
  • Architectural Style: Bungalow
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Reso Property Condition: Updated/Remodeled
  • ResoWindowFeatures: Blinds, Screens, Skylight(s), Insulated Windows
  • Financial Info Electric: 200+ Amp Service, Circuit Breakers, Three Phase
  • AuctionYN: No
  • AboveGradeUnfinishedArea: 0.00
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Gas Water Heater
  • Interior Amenities: Attic Stairway, Recessed Lighting, Storage, Natural Woodwork, Built-in Features, Entrance Foyer, Eat-in Kitchen, Ceiling Fan(s), Cathedral Ceiling(s)
  • Basement: Apartment, Partially Finished, Walk-Out Access, Storage Space, Concrete, Interior Entry, Exterior Entry, Daylight, Bath/Stubbed, Block
  • Flooring: Carpet, Slate, Hardwood, Ceramic Tile
  • Basement YN: Yes
  • Half Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas, Gas Log
  • Fireplaces: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Lighting, Private Entrance, Rain Gutters
  • Fencing: Back Yard, Wood, Partial
  • Acres: 0.163
  • Waterfront: No
  • Construction Type: Brick
  • Foundation Details: Block
  • Patio And Porch Features: Covered, Rear Porch, Front Porch, Deck
  • Reso Roof: Fiberglass, Shingle

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Additional Parking, Parking Lot, Asphalt, Alley Access

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Connected, Water Connected, Natural Gas Connected
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Restaurant, Street Lights, Sidewalks
  • Association: No

Schools

  • Junior High Dist: Gary

Lot Info

  • Lot Dimensions: Irregular, see legal descriptions
  • Lot Size Sq Ft: 7100.28
  • Additional Parcels: No
  • Parcel #: 450906409012000004
  • Zoning Description: Mixed Use

Tax Info

  • Year: 2022
  • Tax Annual Amount: 2211

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2024
Closed on
Feb 6, 2025
Sold by
Divich Daniel A
Bought by
Parker-Wright Mashone and Wright Corey
Seller's Agent
Alan Harrell
McColly Real Estate
Buyer's Agent
Javier Ledesma
Horizon Realty, LLC
List Price
$485,000
Sold Price
$250,000
Premium/Discount to List
-$235,000
-48.45%
Views
59
Current Estimated Value
$260,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,131
Avg. Annual Appreciation
6.02%

Purchase Details

Closed on
Oct 14, 2022
Sold by
Sheriff Of Lake County
Bought by
Fassa Charlene

Purchase Details

Closed on
Nov 17, 2020
Sold by
Brock Barbara R Divich and Divich Barbara R
Bought by
Divich Daniel A

Purchase Details

Closed on
Nov 4, 2020
Sold by
Settle Debra and Estate Of Barbara R Divich
Bought by
Divich Daniel A

Purchase Details

Closed on
Dec 22, 2016
Sold by
Settle Debra
Bought by
Divich Daniel A

Purchase Details

Closed on
Dec 15, 2016
Sold by
Divich Daniel A
Bought by
Divich Daniel A
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 Type Sale Price Title Company
Personal Reps Deed -- Community Title Company
Sheriffs Deed $45,000 None Listed On Document
Personal Reps Deed -- None Listed On Document
Personal Reps Deed -- None Available
Personal Reps Deed -- None Available
Personal Reps Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2025 02/07/25 Sold $250,000 -12.3% $174 / Sq Ft
11/07/2024 11/07/24 Price Changed $285,000 -26.0% $199 / Sq Ft
06/21/2024 06/21/24 Price Changed $385,000 -20.6% $269 / Sq Ft
04/27/2024 04/27/24 For Sale $485,000 -- $338 / 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 $8,755 $8,600 $8,200 $400
2023 $2,504 $99,300 $8,300 $91,000
2022 $2,211 $86,300 $8,200 $78,100
2021 $2,047 $79,900 $8,200 $71,700
2020 $1,988 $77,600 $8,200 $69,400
2019 $1,612 $77,600 $8,200 $69,400
2018 $1,738 $77,600 $8,200 $69,400
2017 $1,757 $78,500 $8,200 $70,300
2016 $1,332 $59,700 $8,200 $51,500
2014 $1,399 $59,800 $8,900 $50,900
2013 $1,299 $57,800 $8,900 $48,900
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2025

    Alan Harrell

    McColly Real Estate

    (219) 241-1556

    5 in this area

    90 Total Sales

    Alan Harrell
    Section Image
  • Javier Ledesma

    Buyer's Agent in 2025

    Javier Ledesma

    Horizon Realty, LLC

    (219) 380-8023

    2 in this area

    22 Total Sales

    Javier Ledesma
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 802839

Northwest Indiana Association of REALTORS®

APN: 45-09-06-409-012.000-004

Indiana Lake County Gary 46403 Aetna

5816 E 7th Ave, Gary, IN

This home is located at 5816 E 7th Ave, Gary, IN 46403 and is currently priced at $250,000, approximately $174 per square foot. This property was built in 1924. 5816 E 7th Ave is a home located in Lake County with nearby schools including Banneker Elementary at Marquette, 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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