NOT LISTED FOR SALE

7504 Madison Ave Hammond, IN 46324

Estimated Value: $139,000 - $224,000

3 Beds
2 Baths
1,775 Sq Ft
$111/Sq Ft Est. Value

Last Sold October 30, 2014

Last sale price $46,000 $26 Per Sq Ft

Est. 328% increase in value since last sale

Current estimated payment $1,299/month

217 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Fenced
  • 1 Car Detached Garage

About This Home

As of October 2014

Some updates include granite counter tops in kitchen, ceramic floor tile, remodeled bath in basement and glass block windows. 3/4 bath in lower level is all ceramic. Home is located on a fully fenced corner lot convenient to shopping and expressway for Chicago travelers. This is a Fannie Mae HomePath property.

Last Listed By

Betty Richmond

Umbrella Real Estate LLC License #RB14014901 Listed on: 03/25/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,128

Year Built

  • Built in 1915

Lot Details

  • 5,670 Sq Ft Lot
  • Lot Dimensions are 45 x 126
  • Fenced

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Interior Spaces

  • 1.5-Story Property
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Ernst Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450613277016000023

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,128

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1915
  • Road Surface Type: Paved
  • Co List Office Mls Id: NRA1759
  • Subdivision Name: Ernst
  • Above Grade Finished Sq Ft: 1357
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • Property Attached Yn: No
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Interior Amenities: Primary Downstairs
  • Basement: Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 418
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Fencing: Fenced
  • Acres: 0.1302
  • Construction Type: Aluminum Siding

Garage/Parking

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

Utilities

  • Utilities: Cable Available
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks
  • Association: No

Schools

  • Junior High Dist: Hammond

Lot Info

  • Lot Dimensions: 45 x 126
  • Lot Size Sq Ft: 5670
  • Parcel #: 450613277016000023

Tax Info

  • Tax Annual Amount: 1128

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2014
Closed on
Oct 30, 2014
Sold by
Fannie Mae
Bought by
Garcia Rogelio Sanchez
Seller's Agent
Betty Richmond
Umbrella Real Estate LLC
Buyer's Agent
Estela Lopez
McColly Real Estate
List Price
$46,000
Sold Price
$46,000
Total Days on Market
217
Current Estimated Value
$196,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,810
Avg. Annual Appreciation
14.71%

Purchase Details

Closed on
Jun 24, 2013
Sold by
Ake Manuela and Nationstar Mortgage Llc
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Mar 23, 2007
Sold by
Brady Daniel J and Ahlers Marianne
Bought by
Ake Torence and Ake Manuela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,900
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

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
Garcia Rogelio Sanchez $46,000 None Available
Fannie Mae $144,006 None Available
Ake Torence -- Ticor Highland
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ake Torence $125,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2014 10/30/14 Sold $46,000 0.0% $26 / Sq Ft
10/28/2014 10/28/14 Pending -- -- --
03/25/2014 03/25/14 For Sale $46,000 -- $26 / 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 $6,988 $157,300 $26,900 $130,400
2023 $1,851 $146,200 $26,900 $119,300
2022 $1,851 $138,900 $26,900 $112,000
2021 $1,332 $102,100 $17,800 $84,300
2020 $1,318 $101,000 $17,800 $83,200
2019 $1,399 $96,300 $17,800 $78,500
2018 $1,346 $89,400 $17,800 $71,600
2017 $1,351 $82,900 $17,800 $65,100
2016 $1,174 $81,400 $17,800 $63,600
2014 $2,733 $86,700 $17,800 $68,900
2013 $917 $82,500 $17,800 $64,700
Source: Public Records

Agents Affiliated with this Home

  • Betty Richmond

    Seller's Agent in 2014

    Betty Richmond

    Umbrella Real Estate LLC

    (219) 808-5553

    14 Total Sales

    Betty Richmond
    Section Image
  • Estela Lopez

    Buyer's Agent in 2014

    Estela Lopez

    McColly Real Estate

    (219) 218-3333

    27 in this area

    175 Total Sales

    Estela Lopez
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 346403

Northwest Indiana Association of REALTORS®

APN: 45-06-13-277-016.000-023

Indiana Lake County Hammond 46324

7504 Madison Ave, Hammond, IN

Homes for Sale in Hammond, IN

This home is located at 7504 Madison Ave, Hammond, IN 46324 since 25 March 2014 and is currently estimated at $196,810, approximately $110 per square foot. This property was built in 1915. 7504 Madison Ave is a home located in Lake County with nearby schools including Thomas A Edison Elementary School, Eggers Middle School, and Hammond High School.

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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