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502 W 51st Pl; Gary, IN Property Details

502 W 51st Pl, Gary, IN is a Single Family that was built in 1958. This property is currently Financed and is not for sale. Our records show that 502 W 51st Pl has 3 bedrooms, and 1 bathroom, and a total of 2,146 square feet. The lot size of 502 W 51st Pl is 7,449 square feet.

Off market
502 W 51st Pl Gary, IN 46408
$93,220 Listing Price
3 Beds
1 Baths
2,146 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1958
  • Purchase Price: $93,219
  • Open Loans / Balance: 1 / $112,946
  • Est. Equity / %: $31,054 / 21.57%
  • Gross Yield: 18.075%
  • APN: 45-08-33-451-021.000-004
  • Situs County: Lake
  • Length Of Ownership: 5 years, 9 months

Rooms

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

Structure

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

Measurements

  • Total: 2,146/SqFt
  • Lot: 7,449/SqFt
  • Gross: 3,219/SqFt
  • Garage: 352/SqFt
  • Living: 2,146/SqFt
  • Basement: 1,073/SqFt
  • Building: 3,219/SqFt
  • Ground: 1,073/SqFt
  • Price Per Square Foot: $43.44

Legal Description

  • Description: SOUTHHOLM L.16
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: 41.52484 / -87.34239
  • Subdivision: Southholm
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 4621
  • Bathroom Fixtures: 5
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Detached Garage
  • Heating: Central
  • Parking: 1

Ownership Info

502 W 51st Pl has no associated ownership info
502 W 51st Pl has no associated ownership info.

Taxes

502 W 51st Pl has 10 associated Taxes items

502 W 51st 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 $135,100. The APN we've located for 502 W 51st Pl is 45-08-33-451-021.000-004.

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Taxes
  • Assessed Value:  $135,100
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-33-451-021.000-004
  • Assessed Land Value:  12900
  • Market Land Value:  12900
  • Tax Amount:  1490.94
  • Tax Year:  2024
  • Market Value:  135100
  • Market Year:  2025

Tax History

502 W 51st Pl has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $135,100 Land Value $12,900 Improvement Value $122,200 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $125,700 Land Value $12,200 Improvement Value $113,500 Tax Amount $1,490.94 Change Rate -0.85547% Assessed CR Tax Rate +0.011861%
Year 2023 Assessed Value $117,000 Land Value $12,200 Improvement Value $104,800 Tax Amount $10,315.77 Change Rate +6.424195% Assessed CR Tax Rate +0.088169%
Year 2022 Assessed Value Land Value Improvement Value Tax Amount $1,389.48 Change Rate +0.085769% Assessed CR Tax Rate
Year 2021 Assessed Value $107,300 Land Value $8,200 Improvement Value $99,100 Tax Amount $1,279.72 Change Rate +0.095669% Assessed CR Tax Rate +0.011927%
Year 2020 Assessed Value $61,100 Land Value $8,200 Improvement Value $52,900 Tax Amount $1,167.98 Change Rate -0.194219% Assessed CR Tax Rate +0.019116%
Year 2019 Assessed Value $61,200 Land Value $8,300 Improvement Value $52,900 Tax Amount $1,449.5 Change Rate -0.052267% Assessed CR Tax Rate +0.023685%
Year 2018 Assessed Value $66,900 Land Value $8,500 Improvement Value $58,400 Tax Amount $1,529.44 Change Rate +0.086281% Assessed CR Tax Rate +0.022862%
Year 2017 Assessed Value $64,900 Land Value $8,500 Improvement Value $56,400 Tax Amount $1,407.96 Change Rate -0.035208% Assessed CR Tax Rate +0.021694%
Year 2016 Assessed Value $67,500 Land Value $8,500 Improvement Value $59,000 Tax Amount $1,459.34 Change Rate Assessed CR Tax Rate +0.02162%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $1,459.34 Change Rate +0.866355% Assessed CR Tax Rate
Year 2014 Assessed Value $70,800 Land Value $10,000 Improvement Value $60,800 Tax Amount $781.92 Change Rate Assessed CR Tax Rate +0.011044%
Year 2013 Assessed Value $70,400 Land Value $10,000 Improvement Value $60,400 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $760.14 Change Rate Assessed CR Tax Rate