NOT LISTED FOR SALE

7325 Locust Ave Gary, IN 46403

Miller Neighborhood

Estimated Value: $215,000 - $415,000

2 Beds
2 Baths
2,197 Sq Ft
$127/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $187,450 $85 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,757/month

Highlights

  • Deck
  • Wood Flooring
  • 1-Story Property
  • Wooded Lot
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of March 2024

MILLER 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!

Last Agent to Sell the Property

Alan Harrell

McColly Real Estate License #RB14052205 Listed on: 01/12/2024

Last Buyer's Agent

Alan Harrell

McColly Real Estate License #RB14052205 Listed on: 01/12/2024

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
  • Wooded Lot

Parking

  • Off-Street Parking

Home Design

  • Fixer Upper
  • 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

Listing and Financial Details

  • Assessor Parcel Number 450532251016000004

Community Details

Overview

  • No Home Owners Association
  • Norcotts Add Subdivision

Amenities

  • Community Storage Space

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,236

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1937
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Level, Paved, Wooded
  • Road Surface Type: Paved
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA266
  • Subdivision Name: Norcotts Add
  • Above Grade Finished Sq Ft: 1251
  • Architectural Style: Bungalow
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Reso Other Structures: Shed(s), Storage
  • Property Attached Yn: No
  • Reso Property Condition: Fixer
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Gas Range, Refrigerator, Washer
  • Interior Amenities: Primary Downstairs
  • Basement: Crawl Space, Daylight
  • Flooring: Ceramic Tile, Hardwood
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 946
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.143
  • Construction Type: Block, Concrete, Wood Siding
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: None, Off Street

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 49.5 x 125
  • Lot Size Sq Ft: 6229
  • Parcel #: 450532251016000004

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1236

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%
Views
12
Current Estimated Value
$278,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,236
Avg. Annual Appreciation
29.16%
Original Mortgage
$269,958
Interest Rate
6.63%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jan 12, 2024
Closed on
Mar 7, 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%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,958
Interest Rate
6.63%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 29, 2021
Sold by
Vega Alexander
Bought by
Vega Alexander and Haake Curtis
Source: Public Records

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
7620 Land Development Llc $187,450 Meridian Title
7620 Land Development Llc -- Meridian Title
Vega Alexander -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 7620 Land Development Llc $269,958
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

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 $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

  • A

    Seller's Agent in 2024

    Alan Harrell

    McColly Real Estate

    (219) 241-1556

    40 in this area

    93 Total Sales

    Alan Harrell
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 543308

Northwest Indiana Association of REALTORS®

APN: 45-05-32-251-016.000-004

Indiana Lake County Gary 46403 Miller

7325 Locust Ave, Gary, IN

This home is located at 7325 Locust Ave, Gary, IN 46403 since 12 January 2024 and is currently estimated at $278,686, approximately $126 per square foot. This property was built in 1937. 7325 Locust 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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