NOT LISTED FOR SALE

7538 Independence St Merrillville, IN 46410

West Merrillville Neighborhood

Estimated Value: $212,000 - $243,000

3 Beds
1.5 Baths
1,682 Sq Ft
$136/Sq Ft Est. Value

Last Sold July 25, 2014

Last sale price $75,000 $45 Per Sq Ft

Est. 204% increase in value since last sale

Current estimated payment $1,535/month

50 Days on Market

Highlights

  • 0.51 Acre Lot
  • Covered Patio or Porch
  • Forced Air Heating System
  • No HOA
  • 3 Car Detached Garage

About This Home

As of July 2014

Adorable homey Cape Cod in Merrillville. 3 bedrooms, 1 and a half baths and basement. Formal living and dining rooms. Main level bath has separate tub and shower, too!. Walk through your breezeway to your extra big 3 Car Garage! Great location close to Route 30 and all the shopping you could want. This is a Fannie Mae Homepath Property! THIS PURCHASE THIS HOME FOR AS LITTLE AS 5% DOWN! THIS PROPERTY APPROVED FOR HOMEPATH RENOVATION MORTGAGE FINANCING. VISIT HOMEPATH WEBSITE FOR DETAILS.

Last Agent to Sell the Property

Michele O'Connor

RE/MAX 10 Schererville License #RB14048805 Listed on: 04/22/2014

Co-Listed By

Carl Guzzy

HomeSmart Legacy License #RB14036017

Last Buyer's Agent

Kathy Smailis

McColly Real Estate License #RB14046936

McColly Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,028

Year Built

  • Built in 1940

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 80x280

Parking

  • 3 Car Detached Garage

Interior Spaces

  • 1,682 Sq Ft Home
  • 1.5-Story Property
  • Laundry on main level
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well

Community Details

  • No Home Owners Association
  • Independence Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 451217376034000030

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,028

Year Built

Built in 1940

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1940
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Main Level
  • ResoLotFeatures: Paved
  • Road Surface Type: Paved
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRAgenericoffice
  • Co List Office Mls Id: NRA2197
  • Subdivision Name: Independence Hill
  • Above Grade Finished Sq Ft: 1682
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • Property Attached Yn: No
  • AuctionYN: 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
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.514
  • Construction Type: Aluminum Siding
  • Patio And Porch Features: Covered, Porch

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Detached

Utilities

  • Heating: Forced Air, Natural Gas
  • Water Source: Public, Well

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Merrillville

Lot Info

  • Lot Dimensions: 80X280
  • Lot Size Sq Ft: 22389
  • Parcel #: 451217376034000030

Tax Info

  • Year: 2013
  • Tax Annual Amount: 1028

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2014
Closed on
Jul 22, 2014
Sold by
Fannie Mae
Bought by
Ireland Alicia L
Seller's Agent
Michele O'Connor
RE/MAX 10 Schererville
Buyer's Agent
Kathy Smailis
McColly Real Estate
List Price
$75,000
Sold Price
$75,000
Current Estimated Value
$228,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,245
Avg. Annual Appreciation
10.40%
Original Mortgage
$73,641
Outstanding Balance
$56,799
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$171,446

Purchase Details

Closed on
Mar 7, 2014
Sold by
Newell Patrick and Newell Jerusha
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 12, 2007
Sold by
Zak Roger
Bought by
Newell Patrick and Newell Jerusha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,900
Interest Rate
6.45%
Mortgage Type
Purchase Money Mortgage
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
Ireland Alicia L -- Total Title
Federal National Mortgage Association -- None Available
Newell Patrick -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ireland Alicia L $73,641
Previous Owner Newell Patrick $124,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2014 07/25/14 Sold $75,000 0.0% $45 / Sq Ft
06/11/2014 06/11/14 Pending -- -- --
04/22/2014 04/22/14 For Sale $75,000 -- $45 / 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 $3,936 $171,200 $42,700 $128,500
2023 $1,316 $168,000 $41,100 $126,900
2022 $1,316 $146,500 $34,900 $111,600
2021 $1,087 $129,200 $32,900 $96,300
2020 $989 $122,800 $31,300 $91,500
2019 $1,324 $120,500 $30,700 $89,800
2018 $1,381 $120,500 $30,700 $89,800
2017 $1,348 $120,300 $30,700 $89,600
2016 $1,356 $120,900 $29,500 $91,400
2014 $982 $120,700 $29,500 $91,200
2013 $1,028 $121,000 $31,500 $89,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Michele O'Connor

    RE/MAX

  • C

    Seller Co-Listing Agent in 2014

    Carl Guzzy

    HomeSmart Legacy

    (708) 267-9525

    4 Total Sales

    Carl Guzzy
    Section Image
  • Kathy Smailis

    Buyer's Agent in 2014

    Kathy Smailis

    McColly Real Estate

    (219) 588-8705

    57 Total Sales

    Kathy Smailis
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 348284

Northwest Indiana Association of REALTORS®

APN: 45-12-17-376-034.000-030

Indiana Lake County Merrillville 46410 West Merrillville

7538 Independence St, Merrillville, IN

This home is located at 7538 Independence St, Merrillville, IN 46410 since 22 April 2014 and is currently estimated at $228,245, approximately $135 per square foot. This property was built in 1940. 7538 Independence St is a home located in Lake County with nearby schools including Jonas E. Salk Elementary School, Merrillville Intermediate School, and Pierce Middle 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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