NOT LISTED FOR SALE

7705 Lake Shore Dr Gary, IN 46403

Miller Neighborhood

Estimated Value: $378,000 - $818,091

3 Beds
3 Baths
2,000 Sq Ft
$307/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $670,000 $335 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $3,953/month

Highlights

  • Deck
  • Patio
  • Tile Flooring
  • Balcony

About This Home

As of July 2021

Beachfront 3-unit in Miller Beach.

Last Agent to Sell the Property

Non-Member Agent

Non-Member MLS Office Listed on: 04/16/2021

Last Buyer's Agent

Sam Geraci

INcoast Homes LLC License #RB18000080

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $42,594

Year Built

  • Built in 1940

Lot Details

  • 9,975 Sq Ft Lot

Home Design

  • Block Foundation
  • Concrete Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • Elevator
  • Laundry in unit

Flooring

  • Carpet
  • Linoleum
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Patio

Listing and Financial Details

  • Tenant pays for electricity, water, gas
  • The owner pays for sewer
  • Assessor Parcel Number 450532227012000004

Community Details

Overview

  • 3 Units
  • Norcotts Add Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • New Taxes Expense $8,668

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$42,594

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1940
  • Reso Property Sub Type: Triplex
  • Road Frontage Type: Waterfront
  • ResoLaundryFeatures: In Unit, Other
  • Road Surface Type: Gravel
  • Co List Office Mls Id: NRA88888
  • Subdivision Name: Norcotts Add
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Crawl Space, Partial
  • Flooring: Carpet, Vinyl, Tile, Luxury Vinyl, Linoleum, Ceramic Tile
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Exterior Features: Balcony
  • Acres: 0.229
  • Construction Type: Block, Wood Siding, Concrete
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: None, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 9975
  • Parcel #: 450532227012000004

Rental Info

  • Pets Allowed: Yes
  • Tenant Pays: Electricity, Water, Gas
  • Owner Pays: Sewer
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 3

Tax Info

  • New Taxes Expense: 8668

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
Jul 9, 2021
Sold by
Maldonado Betty Ann
Bought by
Gabrenas Dainius
Seller's Agent
Non-Member Agent
Non-Member MLS Office
Buyer's Agent
Sam Geraci
INcoast Homes LLC
List Price
$670,000
Sold Price
$670,000
Current Estimated Value
$614,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,977
Avg. Annual Appreciation
-2.80%
Original Mortgage
$370,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
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
Gabrenas Dainius -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gabrenas Dainius $1,107,150
Closed Gabrenas Dainius $1,000,000
Closed Gabrenas Dainius $370,000
Previous Owner Maldonado Betty A $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2021 07/09/21 Sold $670,000 0.0% $335 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $670,000 -- $335 / 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 $42,594 $428,600 $428,600 --
2023 $8,498 $483,100 $483,100 --
2022 $8,498 $515,400 $305,100 $210,300
2021 $7,170 $451,900 $300,300 $151,600
2020 $8,668 $565,500 $420,400 $145,100
2019 $5,101 $422,200 $300,300 $121,900
2018 $7,930 $368,600 $252,200 $116,400
2017 $8,107 $371,500 $252,200 $119,300
2016 $8,117 $377,200 $252,200 $125,000
2014 $8,717 $371,700 $240,200 $131,500
2013 $5,212 $371,700 $240,200 $131,500
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    Non-Member Agent

    Non-Member MLS Office

  • Sam Geraci

    Buyer's Agent in 2021

    Sam Geraci

    INcoast Homes LLC

    (773) 983-1904

    36 in this area

    78 Total Sales

    Sam Geraci
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 496738

Northwest Indiana Association of REALTORS®

APN: 45-05-32-227-012.000-004

Indiana Lake County Gary 46403 Miller

7705 Lake Shore Dr, Gary, IN

This home is located at 7705 Lake Shore Dr, Gary, IN 46403 since 16 April 2021 and is currently estimated at $614,023, approximately $307 per square foot. This property was built in 1940. 7705 Lake Shore Dr 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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