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506 W 49th Ave; Gary, IN Property Details

506 W 49th Ave, Gary, IN is a Single Family that was built in 1948. This property is currently a cash purchase and is not for sale. Our records show that 506 W 49th Ave has 2 bedrooms, and 2 bathrooms, and a total of 2,640 square feet. The lot size of 506 W 49th Ave is 5,619 square feet.

Off market
506 W 49th Ave Gary, IN 46408
$159,900 Listing Price
2 Beds
2 Baths
2,640 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1948
  • Purchase Price: $52,000
  • Est. Equity / %: $171,000 / 100%
  • Gross Yield: 9.923%
  • APN: 45-08-33-257-025.000-004
  • Situs County: Lake
  • Length Of Ownership: 4 years

Rooms

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

Structure

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

Measurements

  • Total: 2,640/SqFt
  • Lot: 5,619/SqFt
  • Gross: 3,520/SqFt
  • Garage: 484/SqFt
  • Living: 2,640/SqFt
  • Basement: 880/SqFt
  • Building: 3,520/SqFt
  • Ground: 880/SqFt
  • Price Per Square Foot: $19.70

Legal Description

  • Description: JUNEDALE SUBDIV. LOT 16, BLOCK 5
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: 41.529766 / -87.34258
  • Subdivision: Junedale Sub
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 4525
  • Bathroom Fixtures: 8
  • Cooling: Central
  • Garage: Detached Garage
  • Heating: Central
  • Parking: 2

HOA

  • H O A One: $160
  • H O A Amount: $160
  • H O A One Frequency: Annual
  • H O A One Type: Planned Unit Development

Ownership Info

506 W 49th Ave has no associated ownership info
506 W 49th Ave has no associated ownership info.

Taxes

506 W 49th Ave has 10 associated Taxes items

506 W 49th 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 $144,600. The APN we've located for 506 W 49th Ave is 45-08-33-257-025.000-004.

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Taxes
  • Assessed Value:  $144,600
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-33-257-025.000-004
  • Assessed Land Value:  10800
  • Market Land Value:  10800
  • Tax Amount:  2961.96
  • Tax Year:  2024
  • Market Value:  144600
  • Market Year:  2025

Tax History

506 W 49th Ave has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $144,600 Land Value $10,800 Improvement Value $133,800 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $121,800 Land Value $10,100 Improvement Value $111,700 Tax Amount $2,961.96 Change Rate -0.703494% Assessed CR Tax Rate +0.024318%
Year 2023 Assessed Value $113,300 Land Value $10,100 Improvement Value $103,200 Tax Amount $9,989.55 Change Rate +11.553786% Assessed CR Tax Rate +0.088169%
Year 2022 Assessed Value $70,900 Land Value $6,800 Improvement Value $64,100 Tax Amount $795.74 Change Rate +0.080963% Assessed CR Tax Rate +0.011223%
Year 2021 Assessed Value $65,700 Land Value $6,800 Improvement Value $58,900 Tax Amount $736.14 Change Rate -0.19882% Assessed CR Tax Rate +0.011205%
Year 2020 Assessed Value $62,400 Land Value $6,800 Improvement Value $55,600 Tax Amount $918.82 Change Rate +0.20422% Assessed CR Tax Rate +0.014725%
Year 2019 Assessed Value $62,500 Land Value $6,900 Improvement Value $55,600 Tax Amount $763 Change Rate -0.064102% Assessed CR Tax Rate +0.012208%
Year 2018 Assessed Value $69,200 Land Value $7,000 Improvement Value $62,200 Tax Amount $815.26 Change Rate +0.153322% Assessed CR Tax Rate +0.011781%
Year 2017 Assessed Value $68,300 Land Value $7,000 Improvement Value $61,300 Tax Amount $706.88 Change Rate -0.052694% Assessed CR Tax Rate +0.01035%
Year 2016 Assessed Value $71,200 Land Value $7,000 Improvement Value $64,200 Tax Amount $746.2 Change Rate Assessed CR Tax Rate +0.01048%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $746.2 Change Rate -0.074354% Assessed CR Tax Rate
Year 2014 Assessed Value $75,000 Land Value $8,300 Improvement Value $66,700 Tax Amount $806.14 Change Rate Assessed CR Tax Rate +0.010749%
Year 2013 Assessed Value $74,600 Land Value $8,300 Improvement Value $66,300 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $786.48 Change Rate Assessed CR Tax Rate