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1240 E 50th Pl; Gary, IN Property Details

1240 E 50th Pl, Gary, IN is a Single Family that was built in 1957. This property is not for sale. Our records show that 1240 E 50th Pl has 3 bedrooms, and 1 bathroom, and a total of 1,976 square feet. The lot size of 1240 E 50th Pl is 8,102 square feet.

Off market
1240 E 50th Pl Gary, IN 46409
$76,500 Estimated Value
3 Beds
1 Baths
1,976 SqFt
Property Type
Single Family
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Property Details

Summary

  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1957
  • Est. Equity / %: $125,000 / 100%
  • Gross Yield: 9.754%
  • APN: 45-08-34-427-016.000-004
  • Situs County: Lake

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 6

Structure

  • Building Style: Masonry
  • Stories: 1
  • Building Condition: Fair
  • Building Quality: D
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 1,976/SqFt
  • Lot: 8,102/SqFt
  • Gross: 3,342/SqFt
  • Garage: 378/SqFt
  • Living: 1,976/SqFt
  • Basement: 988/SqFt
  • Building: 3,342/SqFt
  • Ground: 988/SqFt

Legal Description

  • Description: HILL TERRACE E. 32FT L.5 BL.1 W.30FT. L.6 BL.1
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Gary Community School Corporation
  • Lat / Lon: 41.527393 / -87.3204
  • Subdivision: Hill Terrace
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2908
  • Bathroom Fixtures: 5
  • Cooling: Central
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 2

Ownership Info

1240 E 50th Pl has no associated ownership info
1240 E 50th Pl has no associated ownership info.

Taxes

1240 E 50th Pl has 10 associated Taxes items

1240 E 50th Pl, Gary, IN pays taxes in Lake County, IN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $76,500. The APN we've located for 1240 E 50th Pl is 45-08-34-427-016.000-004.

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Taxes
  • Assessed Value:  $76,500
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-34-427-016.000-004
  • Assessed Land Value:  4600
  • Market Land Value:  4600
  • Tax Amount:  660.84
  • Tax Year:  2024
  • Market Value:  76500
  • Market Year:  2025

Tax History

1240 E 50th Pl has 14 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $76,500 Land Value $4,600 Improvement Value $71,900 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $61,400 Land Value $4,600 Improvement Value $56,800 Tax Amount $660.84 Change Rate -0.848276% Assessed CR Tax Rate +0.010763%
Year 2023 Assessed Value $49,400 Land Value $9,900 Improvement Value $39,500 Tax Amount $4,355.55 Change Rate +6.884205% Assessed CR Tax Rate +0.088169%
Year 2022 Assessed Value Land Value Improvement Value Tax Amount $552.44 Change Rate +0.075916% Assessed CR Tax Rate
Year 2021 Assessed Value $44,800 Land Value $9,700 Improvement Value $35,100 Tax Amount $513.46 Change Rate -0.499698% Assessed CR Tax Rate +0.011461%
Year 2020 Assessed Value $44,800 Land Value $9,700 Improvement Value $35,100 Tax Amount $1,026.3 Change Rate +0.855877% Assessed CR Tax Rate +0.022908%
Year 2019 Assessed Value $44,800 Land Value $9,700 Improvement Value $35,100 Tax Amount $553 Change Rate -0.025001% Assessed CR Tax Rate +0.012344%
Year 2018 Assessed Value $44,800 Land Value $9,700 Improvement Value $35,100 Tax Amount $567.18 Change Rate +0.0974% Assessed CR Tax Rate +0.01266%
Year 2017 Assessed Value $49,600 Land Value $9,700 Improvement Value $39,900 Tax Amount $516.84 Change Rate -0.27033% Assessed CR Tax Rate +0.01042%
Year 2016 Assessed Value $66,800 Land Value $9,700 Improvement Value $57,100 Tax Amount $708.32 Change Rate Assessed CR Tax Rate +0.010604%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $708.32 Change Rate -0.048622% Assessed CR Tax Rate
Year 2014 Assessed Value $68,400 Land Value $10,300 Improvement Value $58,100 Tax Amount $744.52 Change Rate Assessed CR Tax Rate +0.010885%
Year 2013 Assessed Value $67,800 Land Value $10,300 Improvement Value $57,500 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $721.54 Change Rate Assessed CR Tax Rate
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