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501 E 48th Ave; Gary, IN Property Details

501 E 48th Ave, Gary, IN is a Single Family that was built in 1955. This property is currently Cash Purchase,Foreclosure and is not for sale. Our records show that 501 E 48th Ave has 2 bedrooms, and 1 bathroom, and a total of 2,400 square feet. The lot size of 501 E 48th Ave is 6,098 square feet.

Off market
501 E 48th Ave Gary, IN 46409
$11,300 Estimated Value
2 Beds
1 Baths
2,400 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1955
  • Open Loans / Balance: 1 / $41,476
  • Est. Equity / %: $105,524 / 71.79%
  • APN: 45-08-34-179-006.000-004
  • Situs County: Lake
  • Length Of Ownership: 3 years, 2 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 5

Structure

  • Building Style: Frame
  • Stories: 1
  • Building Condition: Unsound
  • Building Quality: C
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 2,400/SqFt
  • Lot: 6,098/SqFt
  • Gross: 2,400/SqFt
  • Garage: 1,200/SqFt
  • Living: 2,400/SqFt
  • Building: 2,400/SqFt
  • Ground: 1,200/SqFt

Legal Description

  • Description: GEORGETOWN ADD. L.6 BL.3
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: 41.531456 / -87.33
  • Subdivision: Georgetown Add
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2527
  • Bathroom Fixtures: 5
  • Cooling: None
  • Heating: Central

Ownership Info

501 E 48th Ave has no associated ownership info
501 E 48th Ave has no associated ownership info.

Taxes

501 E 48th Ave has 10 associated Taxes items

501 E 48th Ave, 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 $11,300. The APN we've located for 501 E 48th Ave is 45-08-34-179-006.000-004.

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Taxes
  • Assessed Value:  $11,300
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-34-179-006.000-004
  • Assessed Land Value:  6900
  • Market Land Value:  6900
  • Tax Amount:  477.7
  • Tax Year:  2024
  • Market Value:  11300
  • Market Year:  2025

Tax History

501 E 48th Ave has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $11,300 Land Value $6,900 Improvement Value $4,400 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $10,500 Land Value $6,900 Improvement Value $3,600 Tax Amount $477.7 Change Rate -0.468821% Assessed CR Tax Rate +0.045495%
Year 2023 Assessed Value $10,200 Land Value $7,400 Improvement Value $2,800 Tax Amount $899.32 Change Rate +3.280845% Assessed CR Tax Rate +0.088169%
Year 2022 Assessed Value $8,200 Land Value $5,200 Improvement Value $3,000 Tax Amount $210.08 Change Rate +0.06499% Assessed CR Tax Rate +0.02562%
Year 2021 Assessed Value $7,700 Land Value $5,100 Improvement Value $2,600 Tax Amount $197.26 Change Rate -0.709245% Assessed CR Tax Rate +0.025618%
Year 2020 Assessed Value $7,700 Land Value $5,100 Improvement Value $2,600 Tax Amount $678.44 Change Rate -0.590438% Assessed CR Tax Rate +0.088109%
Year 2019 Assessed Value $7,600 Land Value $5,000 Improvement Value $2,600 Tax Amount $1,656.5 Change Rate +0.157291% Assessed CR Tax Rate +0.217961%
Year 2018 Assessed Value $8,500 Land Value $5,600 Improvement Value $2,900 Tax Amount $1,431.36 Change Rate +0.638949% Assessed CR Tax Rate +0.168395%
Year 2017 Assessed Value $40,400 Land Value $5,600 Improvement Value $34,800 Tax Amount $873.34 Change Rate -0.075106% Assessed CR Tax Rate +0.021617%
Year 2016 Assessed Value $42,000 Land Value $5,600 Improvement Value $36,400 Tax Amount $944.26 Change Rate Assessed CR Tax Rate +0.022482%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $944.26 Change Rate -0.225572% Assessed CR Tax Rate
Year 2014 Assessed Value $52,100 Land Value $7,000 Improvement Value $45,100 Tax Amount $1,219.3 Change Rate Assessed CR Tax Rate +0.023403%
Year 2013 Assessed Value $50,700 Land Value $7,000 Improvement Value $43,700 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $527.04 Change Rate Assessed CR Tax Rate