NOT LISTED FOR SALE

7477 Mississippi St Merrillville, IN 46410

Estimated Value: $316,000 - $462,039

0.61 Acre
$651,170 Price per Acre
26,441 Sq Ft Lot

Last Sold June 14, 2022

Last sale price $43,000

Est. 887% increase in value since last sale

Current estimated payment $2,326/month

724 Days on Market

About This Lot

As of June 2022

Vacant land ready to be developed in an outstanding location a minute away from I-65 and US 30. This site is in the prime North West Indiana commercial, retail and industrial development area. All utilities are on site.

Last Agent to Sell the Property

Nick Sommer

Century 21 Alliance Group License #RB14050981 Listed on: 05/21/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $533

Lot Details

  • 0.61 Acre Lot
  • Corner Lot
  • Level Lot

Community Details

  • Silverstone Crossing Subdivision

Listing and Financial Details

  • Assessor Parcel Number 451214302017000046

Property Details

Property Type

Land

Est. Annual Taxes

$533

Lot Details

0

Listing Details

  • Property Type: Land
  • Current Use: None
  • Reso Property Sub Type: Vacant Land/Acreage
  • ResoLotFeatures: Acreage, Corner Lot, Nearly Level
  • Road Frontage Type: City Street
  • Co List Office Mls Id: GNR693
  • Subdivision Name: Silverstone Crossing
  • Reso Other Structures: None
  • GNR_Auction: No
  • GNR_RealEstateOwnedYN: false
  • GNR_ShortSaleYN: false
  • GNR_PermitsNeeded: All Permits
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Car Wash, Church, Condominium, Convenience Store, Entertainment, Flex Space, Gas Station/Auto Ser, Hall, Industrial, Medical, Multi Family, Office, PUD, Research & Develop, Restaurant, Retail, Residential, Tavern/Bar/Lounge, Warehouse

Exterior Features

  • Acres: 0.607

Schools

  • Junior High Dist: Merrillville

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 26441
  • ResoLotSizeUnits: Acres
  • Parcel #: 451214302017000046
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 533

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2020
Closed on
Jun 16, 2022
Sold by
Hugh A Smith Revocable Living Trust
Bought by
Stevens Kyle S
Seller's Agent
Nick Sommer
Century 21 Alliance Group
List Price
$43,000
Sold Price
$43,000
Current Estimated Value
$424,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$381,349
Avg. Annual Appreciation
92.77%
Original Mortgage
$402,038
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2020
Sold by
Indiana Land Trust Company
Bought by
Smith Real Estate Corporation
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
Stevens Kyle S -- Chicago Title
Hugh A Smith Revocable Living Trust -- Burke Costanza & Carberry Llp
Smith Real Estate Corporation -- None Available
The Hugh A Smith Revocable Living Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hugh A Smith Revocable Living Trust $402,038
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2022 06/14/22 Sold $43,000 0.0% --
05/15/2022 05/15/22 Pending -- -- --
05/21/2020 05/21/20 For Sale $43,000 -- --
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 $1,249 $398,000 $35,400 $362,600
2023 $530 $39,100 $39,100 --
2022 $530 $20,400 $20,400 $0
2021 $488 $18,700 $18,700 $0
2020 $452 $17,900 $17,900 $0
2019 $500 $17,900 $17,900 $0
2018 $519 $17,900 $17,900 $0
2017 $536 $17,900 $17,900 $0
2016 $496 $17,300 $17,300 $0
2014 $438 $17,500 $17,500 $0
2013 $486 $18,100 $18,100 $0
Source: Public Records

Agents Affiliated with this Home

  • Nick Sommer

    Seller's Agent in 2022

    Nick Sommer

    Century 21 Alliance Group

    (219) 531-7548

    4 in this area

    63 Total Sales

    Nick Sommer
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR474910

Northwest Indiana Association of REALTORS®

APN: 45-12-14-302-017.000-046

Indiana Lake County Merrillville 46410

7477 Mississippi St, Merrillville, IN

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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.

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