NOT LISTED FOR SALE

725 Rhode Island St Gary, IN 46402

Downtown Gary Neighborhood

Estimated Value: $61,000 - $236,000

6 Beds
3 Baths
4,086 Sq Ft
$34/Sq Ft Est. Value

Last Sold September 21, 2015

Last sale price $5,000 $1 Per Sq Ft

Est. 2,700% increase in value since last sale

Current estimated payment $916/month

160 Days on Market

Highlights

  • 0.86 Acre Lot
  • Porch
  • Forced Air Heating System
  • Wood Flooring

About This Home

As of September 2015

All brick 3 family platted apartment building. Sold in an estate. Was absolutely beautiful when maintained by the original owner. The lot to the east also is part of the transaction. 60'X125'. 2 parcel numbers with the sale.

Last Listed By

Noreen Adams

BHHS Executive Realty License #RB14021124 Listed on: 04/13/2015

BHHS Executive Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,743

Year Built

  • Built in 1929

Lot Details

  • 0.86 Acre Lot
  • Lot Dimensions are 60 x 125

Home Design

  • Brick Foundation

Interior Spaces

  • 4,086 Sq Ft Home
  • Elevator
  • Wood Flooring
  • Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Porch
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, water
  • Assessor Parcel Number 450803452007000004

Community Details

Overview

  • 3 Units
  • Gary Land Companys 01 Subdivision

Building Details

  • New Taxes Expense $3,617

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,743

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1929
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: NRA121
  • Subdivision Name: Gary Land Companys 01
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Full
  • Flooring: Hardwood, Other
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.86
  • Construction Type: Brick, Other
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: None

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Heating: Electric, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: None

Schools

  • Junior High Dist: Gary

Lot Info

  • Lot Dimensions: 60 X 125
  • Lot Size Sq Ft: 37462
  • Parcel #: 450803452007000004

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 3

Tax Info

  • New Taxes Expense: 3617

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2015
Closed on
Sep 17, 2015
Sold by
Davis Ana Maria and Estate Of Henry Lee Carter
Bought by
Bass Sandra A
Seller's Agent
Noreen Adams
BHHS Executive Realty
Buyer's Agent
Noreen Adams
BHHS Executive Realty
List Price
$5,000
Sold Price
$5,000
Total Days on Market
160
Current Estimated Value
$140,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,000
Avg. Annual Appreciation
37.09%

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
Bass Sandra A -- Chicago Title Insurance Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2015 09/21/15 Sold $5,000 0.0% $1 / Sq Ft
08/22/2015 08/22/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $5,000 -- $1 / 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 $4,743 $56,300 $4,800 $51,500
2023 $988 $53,800 $4,000 $49,800
2022 $988 $51,400 $3,700 $47,700
2021 $893 $47,600 $3,700 $43,900
2020 $820 $45,000 $3,700 $41,300
2019 $717 $45,000 $3,700 $41,300
2018 $828 $47,300 $3,900 $43,400
2017 $825 $48,200 $3,900 $44,300
2016 $854 $50,200 $3,900 $46,300
2014 $1,542 $85,800 $4,700 $81,100
2013 $1,537 $88,400 $4,700 $83,700
Source: Public Records

Agents Affiliated with this Home

  • Noreen Adams

    Seller's Agent in 2015

    Noreen Adams

    BHHS Executive Realty

    (219) 741-0065

    19 Total Sales

    Noreen Adams
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Source: Northwest Indiana Association of REALTORS®

MLS Number: 369502

Northwest Indiana Association of REALTORS®

APN: 45-08-03-452-007.000-004

Indiana Lake County Gary 46402 Downtown Gary

725 Rhode Island St, Gary, IN

Homes for Sale in Gary, IN

This home is located at 725 Rhode Island St, Gary, IN 46402 since 13 April 2015 and is currently estimated at $140,000, approximately $34 per square foot. This property was built in 1929. 725 Rhode Island St is a home located in Lake County with nearby schools including Daniel Hale Williams Elementary School, Gary Middle School, and West Side Leadership Academy.

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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.