NOT LISTED FOR SALE

7735 Locust Ave Gary, IN 46403

Miller Neighborhood

Estimated Value: $315,255 - $361,000

3 Beds
1 Bath
1,066 Sq Ft
$311/Sq Ft Est. Value

Last Sold December 05, 2022

Last sale price $290,000 $272 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,180/month

135 Days on Market

Highlights

  • Lake Privileges
  • Wood Flooring
  • No HOA
  • Deck
  • Whirlpool Bathtub
  • 1-Story Property

About This Home

As of December 2022

MILLER BEACH! Mid-century MAGNIFICENT! This Hoosier style home has been thoughtfully reimagined & updated. Head into the open LR/DR with fireplace(new flue pipe less than 1 year) & hardwood flooring. The kitchen is open w/ stainless appliances & bar seating. All 3 bedrooms are main floor with 2 offering sliders to the newer deck with pergola & new gas grill. The full basement is unfinished & ready for your vision. Additional features include 8-jet Kohler tub, Kohler sink & fixtures, new vinyl siding, smart thermostat, new A/C & recently cleaned furnace. This TURNKEY home serves as a successful Airbnb & is available fully furnished & ready to move in and/or rent out!. Come see some of the many reasons Miller Beach has boomed including one of our nation's newest national parks. The community offers dining, shopping, loads of art & some of the most majestic sunsets you will ever see. Make your appointment today to fall in love with Miller Beach and this home!

Last Listed By

Tim Petrites

McColly Real Estate License #RB14050479 Listed on: 06/25/2022

McColly Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,237

Year Built

  • Built in 1954

Lot Details

  • 6,621 Sq Ft Lot
  • Lot Dimensions are 53 x 125

Parking

  • Carport

Interior Spaces

  • 1,066 Sq Ft Home
  • 1-Story Property
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Wood Flooring
  • Basement

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Lake Privileges
  • Deck

Utilities

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

Community Details

  • No Home Owners Association
  • Norcotts Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450532276010000004

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,237

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1954
  • Road Surface Type: Paved
  • Co List Office Mls Id: NRA1241
  • Subdivision Name: Norcotts Add
  • Above Grade Finished Sq Ft: 1066
  • Architectural Style: Bungalow
  • Unit Levels: One
  • Property Attached Yn: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Range, Microwave, Refrigerator, Washer
  • Interior Amenities: Cathedral Ceiling(s), Primary Downstairs, Vaulted Ceiling(s), Whirlpool Tub
  • Basement: Interior Entry
  • Flooring: Ceramic Tile, Hardwood
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Great Room, Living Room
  • Fireplaces: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.152
  • Waterfront Features: Lake Privileges
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Carport

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 53 X 125
  • Lot Size Sq Ft: 6621
  • Parcel #: 450532276010000004

Tax Info

  • Year: 2020
  • Tax Annual Amount: 2237

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2022
Closed on
Dec 1, 2022
Sold by
Gonzales Adam G
Bought by
Midkiff Derek and Midkiff Gary
Seller's Agent
Tim Petrites
McColly Real Estate
Buyer's Agent
Ryan Midkiff
Listing Leaders
List Price
$324,900
Sold Price
$290,000
Premium/Discount to List
-$34,900
-10.74%
Total Days on Market
135
Current Estimated Value
$331,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,814
Avg. Annual Appreciation
4.81%
Original Mortgage
$232,000
Outstanding Balance
$227,616
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$97,884

Purchase Details

Closed on
Feb 11, 2007
Sold by
Gubbe William K and Metz Gubbe Sloan V
Bought by
Gonzales Adam G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,750
Interest Rate
6.23%
Mortgage Type
Stand Alone Second

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
Midkiff Derek -- Community Title
Gonzales Adam G -- Professionals Title Svcs Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Midkiff Derek $232,000
Previous Owner Gonzales Adam G $12,750
Previous Owner Gonzales Adam G $68,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2022 12/05/22 Sold $290,000 -10.7% $272 / Sq Ft
11/07/2022 11/07/22 Pending -- -- --
06/25/2022 06/25/22 For Sale $324,900 -- $305 / 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 $25,648 $297,600 $101,100 $196,500
2023 $1,146 $290,900 $98,000 $192,900
2022 $1,146 $97,200 $27,400 $69,800
2021 $2,319 $90,500 $27,000 $63,500
2020 $2,237 $87,300 $27,000 $60,300
2019 $1,276 $85,600 $26,600 $59,000
2018 $1,401 $94,500 $51,200 $43,300
2017 $1,418 $95,000 $51,200 $43,800
2016 $1,421 $96,100 $50,200 $45,900
2014 $1,318 $116,900 $22,400 $94,500
2013 $1,220 $112,000 $22,400 $89,600
Source: Public Records

Agents Affiliated with this Home

  • Tim Petrites

    Seller's Agent in 2022

    Tim Petrites

    McColly Real Estate

    (219) 689-7800

    10 in this area

    34 Total Sales

    Section Image
  • Ryan Midkiff

    Buyer's Agent in 2022

    Ryan Midkiff

    Listing Leaders

    (219) 742-0365

    1 in this area

    32 Total Sales

    Ryan Midkiff
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 514971

Northwest Indiana Association of REALTORS®

APN: 45-05-32-276-010.000-004

Indiana Lake County Gary 46403 Miller

7735 Locust Ave, Gary, IN

Homes for Sale in Gary, IN

This home is located at 7735 Locust Ave, Gary, IN 46403 since 25 June 2022 and is currently estimated at $331,814, approximately $311 per square foot. This property was built in 1954. 7735 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.

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