NOT LISTED FOR SALE

7531 Locust Ave Gary, IN 46403

Miller Neighborhood

Estimated Value: $238,000 - $332,000

2 Beds
1.5 Baths
1,474 Sq Ft
$191/Sq Ft Est. Value

Last Sold August 21, 2023

Last sale price $205,000 $139 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,777/month

5 Days on Market

Highlights

  • Living Room with Fireplace
  • Ranch Style House
  • No HOA
  • Recreation Room
  • Corner Lot
  • 1 Car Detached Garage

About This Home

As of August 2023

MILLER BEACH! FEATURING a 2 BED, 1.5 BATH BUNGALOW. Located @ the Corner of Locust & Parke. ONLY 4 Houses from the Beach Access Path @ Parke & Oak Ave. BEINGOFFERED AS- IS. Needs some TLC but has attributes and features that can easily be improved to bring this home back to life! A nice, sun filled space that flows seamlessly through out. Main Floor: Features 1174 SQ FT, with 2 BEDs, (Cedar Closets) 1 Bath, a Tiled Foyer, Oak Floors, Corner Windows, Fireplace, W/ Marble Mantel, Kitchen Built-in Cabinets. BASEMENT: Partially Finished W/ Family Room, Bath & Laundry Room. Detached Garage, Large Lot 50 x 132.Close to National Lake Shore, Beaches, Dunes, Trails & Parks, Shelby and Locust Street Hub for Dining options and Nightlife! Minutes away from the Chanute Trail & the Tuskegee Air Museum. Drive or Bike to the Miller Beach Arts Creative District for a variety of Cultural Arts, Dining and Boutique Shopping options. Miller, A Community unparalleled in its offerings!! Wont Last!

Last Agent to Sell the Property

Alan Harrell

McColly Real Estate Brokerage Phone: 219-241-1556 License #RB14052205 Listed on: 07/28/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,863

Year Built

  • Built in 1942

Lot Details

  • 6,621 Sq Ft Lot
  • Lot Dimensions are 50x132
  • Corner Lot
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Side Driveway
  • Off-Street Parking

Home Design

  • Ranch Style House

Interior Spaces

  • 1,474 Sq Ft Home
  • Living Room with Fireplace
  • 2 Fireplaces
  • Recreation Room
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Cedar Closet
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 450532252010000004

Community Details

Overview

  • No Home Owners Association
  • Norcotts Add Subdivision

Building Details

  • Net Lease

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,863

Year Built

Built in 1942

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1942
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Corner Lot, Nearly Level, Paved Road, Sidewalks
  • ResoOtherEquipment: None
  • Co List Office Mls Id: GNR266
  • Subdivision Name: Norcotts Add
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Wood
  • GNR_UnfinishedSquareFootage: 874
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: Yes
  • GNR_Well: No
  • GNR_TotalBathrooms: 1.5
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_RealEstateOwnedYN: false
  • GNR_SewerYN: true
  • GNR_ShortSaleYN: false
  • Attribution Contact: 219-241-1556
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Washer
  • Interior Amenities: Cedar Closet, Common Rec Room, FP Living/Great Room, Main Floor Bathroom, Main Floor Bedroom, Other
  • Basement: Enclosed
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplaces: 2

Exterior Features

  • Exterior Features: None
  • Acres: 0.152

Garage/Parking

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

Utilities

  • Utilities: On
  • Cooling Y N: Yes
  • Heating: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Gary

Lot Info

  • Lot Dimensions: 50x132
  • Lot Size Sq Ft: 6621
  • Parcel #: 450532252010000004

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1863

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Aug 21, 2023
Sold by
John P Friel Trust and Friel Daniel J
Bought by
Barletta Richard A
Seller's Agent
Alan Harrell
McColly Real Estate
List Price
$238,900
Sold Price
$205,000
Premium/Discount to List
-$33,900
-14.19%
Views
2
Current Estimated Value
$281,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,826
Avg. Annual Appreciation
16.20%

Purchase Details

Listed on
Jul 28, 2023
Closed on
Aug 16, 2023
Sold by
John P Friel Trust
Bought by
Barletta Richard A
Seller's Agent
Alan Harrell
McColly Real Estate
List Price
$238,900
Sold Price
$205,000
Premium/Discount to List
-$33,900
-14.19%
Views
2
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
Barletta Richard A -- Stewart Title Guaranty Company
John P Friel Trust -- Community Title Company
Barletta Richard A $205,000 Stewart Title Guaranty Company
John P Friel Trust $205,000 Community Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2023 08/21/23 Sold $205,000 -14.2% $139 / Sq Ft
08/02/2023 08/02/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $238,900 -- $162 / 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 $19,688 $216,200 $100,400 $115,800
2023 $1,803 $223,300 $100,000 $123,300
2022 $1,803 $144,100 $27,900 $116,200
2021 $1,650 $132,900 $27,400 $105,500
2020 $1,575 $127,400 $27,400 $100,000
2019 $1,307 $124,700 $27,000 $97,700
2018 $1,181 $107,200 $22,000 $85,200
2017 $1,211 $108,400 $22,000 $86,400
2016 $1,231 $111,400 $21,000 $90,400
2014 $1,217 $107,800 $21,600 $86,200
2013 $1,196 $109,300 $21,600 $87,700
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Alan Harrell

    McColly Real Estate

    (219) 241-1556

    39 in this area

    92 Total Sales

    Alan Harrell
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR534213

Northwest Indiana Association of REALTORS®

APN: 45-05-32-252-010.000-004

Indiana Lake County Gary 46403 Miller

7531 Locust Ave, Gary, IN

This home is located at 7531 Locust Ave, Gary, IN 46403 since 28 July 2023 and is currently estimated at $281,826, approximately $191 per square foot. This property was built in 1942. 7531 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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