7325 Locust Ave Gary, IN 46403
Miller NeighborhoodEstimated Value: $184,000 - $324,000
2
Beds
2
Baths
2,197
Sq Ft
$111/Sq Ft
Est. Value
Highlights
- Deck
- No HOA
- Forced Air Heating and Cooling System
- Wood Flooring
- 1-Story Property
About This Home
As of March 2024MILLER BEACH! GREAT OPPORTUNITY! ' 'AS- IS SALE. GREAT LOCATION! ONLY 2 SHORT BLOCKS to Lake Michigan Beach Access! THIS BUNGALOW FEATURES OVER 2500 SQ FT with 2 BEDROOMS, 1.75 BATHS. MAIN FLOOR LEVEL FEATURES : 2 Beds, 1 Bath, Living Room and a Combined Kitchen / Dining area. The double glass doors in the living room allow for a nice transition of the interior space to an outside elevated deck tucked into a very private setting.BASEMENT FEATURES: Rec Room, Laundry Room, Bathroom, Utility Room. Short distance to National Park, Short walk to Shelby and Locust Street Restaurants, Dining and Nightlife! Minutes away from the Marquette Park, The Chanute Trail, the Tuskegee Air Museum, or the Miller Beach Arts Creative District for Cultural Arts, Dining, Craft Brewery, Coffee shops and Boutique Shopping options. Miller is served by the South Shore Line, I 65-80/94 for short commutes to Chicago.This FIXER - UPPER IS being offered, AS-IS . Great potential at an affordable price!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,236
Year Built
- Built in 1937
Lot Details
- 6,229 Sq Ft Lot
- Lot Dimensions are 49.5 x 125
Parking
- Off-Street Parking
Home Design
- Block Foundation
- Concrete Siding
Interior Spaces
- 1-Story Property
- Wood Flooring
- Natural lighting in basement
- Gas Range
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- Norcotts Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 450532251016000004
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 12, 2024
Closed on
Mar 11, 2024
Sold by
Haake Curtis
Bought by
7620 Land Development Llc
Seller's Agent
Alan Harrell
McColly Real Estate
Buyer's Agent
Alan Harrell
McColly Real Estate
List Price
$194,900
Sold Price
$187,450
Premium/Discount to List
-$7,450
-3.82%
Total Days on Market
0
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,958
Avg. Annual Appreciation
24.55%
Original Mortgage
$269,958
Interest Rate
6.63%
Mortgage Type
Credit Line Revolving
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Similar Homes in Gary, IN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 7620 Land Development Llc | $187,450 | Meridian Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | 7620 Land Development Llc | $269,958 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/15/2024 03/15/24 | Sold | $187,450 | -3.8% | $85 / Sq Ft |
| 01/12/2024 01/12/24 | Pending | -- | -- | -- |
| 01/12/2024 01/12/24 | For Sale | $194,900 | -- | $89 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Tax History Compared to Growth
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 | $15,456 | $198,700 | $95,400 | $103,300 |
| 2023 | $2,144 | $175,300 | $97,000 | $78,300 |
| 2022 | $1,176 | $99,500 | $27,000 | $72,500 |
| 2021 | $1,080 | $92,500 | $26,600 | $65,900 |
| 2020 | $1,140 | $96,900 | $26,600 | $70,300 |
| 2019 | $1,007 | $94,900 | $26,200 | $68,700 |
| 2018 | $845 | $76,400 | $21,400 | $55,000 |
| 2017 | $859 | $77,000 | $21,400 | $55,600 |
| 2016 | $870 | $78,500 | $20,300 | $58,200 |
| 2014 | $854 | $77,500 | $21,000 | $56,500 |
| 2013 | $800 | $74,400 | $20,900 | $53,500 |
Source: Public Records
Agents Affiliated with this Home
-
Alan Harrell
A
Seller's Agent in 2024
Alan Harrell
McColly Real Estate
45 in this area
103 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 543308
APN: 45-05-32-251-016.000-004
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.
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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