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503 W 51st Pl; Gary, IN Property Details

503 W 51st Pl, Gary, IN is a Single Family that was built in 1961. This property is currently Financed and is not for sale. Our records show that 503 W 51st Pl has 3 bedrooms, and 1.5 bathrooms, and a total of 1,580 square feet. The lot size of 503 W 51st Pl is 7,492 square feet.

Off market
503 W 51st Pl Gary, IN 46408
$129,900 Estimated Value
3 Beds
1.5 Baths
1,580 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1961
  • Purchase Price: $105,400
  • Open Loans / Balance: 1 / $49,005
  • Est. Equity / %: $110,995 / 69.37%
  • Gross Yield: 11.963%
  • APN: 45-08-33-452-019.000-004
  • Situs County: Lake
  • Length Of Ownership: 19 years, 6 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 5
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Stories: 2
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 1,580/SqFt
  • Lot: 7,492/SqFt
  • Gross: 1,580/SqFt
  • Garage: 1,580/SqFt
  • Living: 1,580/SqFt
  • Building: 1,580/SqFt
  • Ground: 1,580/SqFt
  • Price Per Square Foot: $66.71

Legal Description

  • Description: SOUTHHOLM L.25
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: 41.524445 / -87.342415
  • Subdivision: Southholm
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 4620
  • Bathroom Fixtures: 7
  • Cooling: None
  • Heating: Central

Ownership Info

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

Taxes

503 W 51st Pl has 10 associated Taxes items

503 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 $129,900. The APN we've located for 503 W 51st Pl is 45-08-33-452-019.000-004.

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Taxes
  • Assessed Value:  $129,900
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-33-452-019.000-004
  • Assessed Land Value:  13000
  • Market Land Value:  13000
  • Tax Amount:  842
  • Tax Year:  2024
  • Market Value:  129900
  • Market Year:  2025

Tax History

503 W 51st Pl has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $129,900 Land Value $13,000 Improvement Value $116,900 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $70,600 Land Value $12,200 Improvement Value $58,400 Tax Amount $842 Change Rate -0.854201% Assessed CR Tax Rate +0.011926%
Year 2023 Assessed Value $65,500 Land Value $12,200 Improvement Value $53,300 Tax Amount $5,775.07 Change Rate +7.410378% Assessed CR Tax Rate +0.088169%
Year 2022 Assessed Value Land Value Improvement Value Tax Amount $686.66 Change Rate +0.039009% Assessed CR Tax Rate
Year 2021 Assessed Value $60,000 Land Value $8,200 Improvement Value $51,800 Tax Amount $660.88 Change Rate -0.427611% Assessed CR Tax Rate +0.011015%
Year 2020 Assessed Value $57,100 Land Value $8,200 Improvement Value $48,900 Tax Amount $1,154.6 Change Rate +0.749394% Assessed CR Tax Rate +0.020221%
Year 2019 Assessed Value $57,200 Land Value $8,300 Improvement Value $48,900 Tax Amount $660 Change Rate -0.133949% Assessed CR Tax Rate +0.011538%
Year 2018 Assessed Value $60,400 Land Value $8,500 Improvement Value $51,900 Tax Amount $762.08 Change Rate +0.091617% Assessed CR Tax Rate +0.012617%
Year 2017 Assessed Value $63,800 Land Value $8,500 Improvement Value $55,300 Tax Amount $698.12 Change Rate -0.045267% Assessed CR Tax Rate +0.010942%
Year 2016 Assessed Value $66,400 Land Value $8,500 Improvement Value $57,900 Tax Amount $731.22 Change Rate Assessed CR Tax Rate +0.011012%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $731.22 Change Rate -0.073326% Assessed CR Tax Rate
Year 2014 Assessed Value $69,500 Land Value $10,000 Improvement Value $59,500 Tax Amount $789.08 Change Rate Assessed CR Tax Rate +0.011354%
Year 2013 Assessed Value $69,100 Land Value $10,000 Improvement Value $59,100 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $769.42 Change Rate Assessed CR Tax Rate