NOT LISTED FOR SALE

7420 Locust Ave Gary, IN 46403

Miller Neighborhood

Estimated Value: $183,000 - $264,000

2 Beds
1 Bath
1,070 Sq Ft
$198/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $120,000 $112 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $1,381/month

98 Days on Market

Highlights

  • Main Floor Bedroom
  • Covered patio or porch
  • Country Kitchen
  • Cottage
  • 1 Car Detached Garage
  • Living Room

About This Home

As of September 2020

Miller Beach! Featuring a 2 Bedroom 1 Bath Cottage, with a Country Style Kitchen. Covered Front Porch area. Concrete patio in the rear, Detached Garage with Screened in area and a wood burning stove. Experience a private secluded, Grapevine wrapped fenced setting on this 50' x 125 lot. Great for weekend getaways or used as Income Rental Opportunity AND Just 2 Blocks from the Lake Michigan Shoreline! Great proximity to the National Lake Shore, Beaches, Dunes, Trails & Parks. Short walks to the central area of Shelby and Locust Streets for Restaurant options and Nightlife! Minutes away from the Marquette Park, the Chanute Trail, the Tuskegee Air Museum. A short drive or bike ride to the Miller Beach Arts Creative District for for a variety of Cultural Arts, Dining and Shopping options. Miller, A Community unparalleled in its offerings!! Don't miss out on this great opportunity! Miller is served by the South Shore Line, I 65-80/94 for short commutes to Chicago.

Last Agent to Sell the Property

Alan Harrell

McColly Real Estate License #RB14052205 Listed on: 06/19/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $653

Year Built

  • Built in 1949

Lot Details

  • 6,229 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Fenced

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Home Design

  • Cottage

Interior Spaces

  • 1,070 Sq Ft Home
  • Living Room
  • Laundry Room
  • Basement

Kitchen

  • Country Kitchen
  • Portable Gas Range
  • <<microwave>>

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Outdoor Features

  • Covered patio or porch

Utilities

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

Community Details

  • Norcotts Add Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450532206015000004

Home Details

Home Type

Single Family

Est. Annual Taxes

$653

Year Built

Built in 1949

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1949
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Nearly Level, Paved Road, Other
  • ResoOtherEquipment: None
  • Co List Office Mls Id: GNR266
  • Subdivision Name: Norcotts Add
  • Architectural Style: Cottage
  • GNR_Exterior: Wood
  • GNR_UnfinishedSquareFootage: 0
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: Yes
  • GNR_Well: No
  • GNR_TotalBathrooms: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Portable Gas Range, Microwave
  • Interior Amenities: Country Kitchen, Finished Laundry Rm, Main Floor Bathroom, Main Floor Bedroom
  • Basement: Enclosed
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Exterior Features: Porch-Covered, Fence, Patio, Other
  • Acres: 0.143

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached, Off Street, Other

Utilities

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

Schools

  • Junior High Dist: Gary

Lot Info

  • Lot Dimensions: 50x125
  • Lot Size Sq Ft: 6229
  • Parcel #: 450532206015000004

Tax Info

  • Year: 2018
  • Tax Annual Amount: 653

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2020
Closed on
Sep 30, 2020
Sold by
Fletcher 333 Llc
Bought by
Iron Horse Construction Services Inc
Seller's Agent
Alan Harrell
McColly Real Estate
List Price
$120,000
Sold Price
$120,000
Current Estimated Value
$211,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,631
Avg. Annual Appreciation
10.34%

Purchase Details

Closed on
Nov 20, 2019
Sold by
Franz Cynthia M
Bought by
Fletcher 333 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
3.5%
Mortgage Type
Small Business Administration
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 Buyer Sale Price Title Company
Iron Horse Construction Services Inc -- Indiana Title Network Co
Fletcher 333 Llc -- Indiana Title Network Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fletcher 333 Llc $95,000
Previous Owner Franz Cynthia M $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $120,000 0.0% $112 / Sq Ft
09/25/2020 09/25/20 Pending -- -- --
06/19/2020 06/19/20 For Sale $120,000 -- $112 / 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 $13,049 $161,400 $96,100 $65,300
2023 $1,929 $148,000 $98,000 $50,000
2022 $1,929 $75,300 $27,300 $48,000
2021 $1,806 $70,500 $26,900 $43,600
2020 $821 $73,100 $26,900 $46,200
2019 $775 $71,500 $26,400 $45,100
2018 $653 $57,800 $21,600 $36,200
2017 $664 $58,400 $21,600 $36,800
2016 $666 $59,000 $20,500 $38,500
2014 $659 $61,500 $21,200 $40,300
2013 $625 $59,400 $21,200 $38,200
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Alan Harrell

    McColly Real Estate

    (219) 241-1556

    43 in this area

    101 Total Sales

    Alan Harrell
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR476201

Northwest Indiana Association of REALTORS®

APN: 45-05-32-206-015.000-004

Indiana Lake County Gary 46403 Miller

7420 Locust Ave, Gary, IN

This home is located at 7420 Locust Ave, Gary, IN 46403 since 19 June 2020 and is currently estimated at $211,631, approximately $197 per square foot. This property was built in 1949. 7420 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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