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508 W 51st Pl; Gary, IN Property Details

508 W 51st Pl, Gary, IN is a Single Family that was built in 1960. This property is currently a cash purchase and is not for sale. Our records show that 508 W 51st Pl has 2 bedrooms, and 1.5 bathrooms, and a total of 2,088 square feet. The lot size of 508 W 51st Pl is 7,492 square feet.

Off market
508 W 51st Pl Gary, IN 46408
$120,600 Estimated Value
2 Beds
1.5 Baths
2,088 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1960
  • Open Loans / Balance: 1 / $176,000
  • Est. Equity / %: $4,000 / 2.22%
  • Gross Yield: 13.12%
  • APN: 45-08-33-451-020.000-004
  • Situs County: Lake
  • Length Of Ownership: 3 years

Rooms

  • Bedrooms: 2
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 6
  • Partial Bathrooms: 1

Structure

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

Measurements

  • Total: 2,088/SqFt
  • Lot: 7,492/SqFt
  • Gross: 3,132/SqFt
  • Living: 2,088/SqFt
  • Basement: 1,044/SqFt
  • Building: 3,132/SqFt
  • Ground: 1,044/SqFt

Legal Description

  • Description: SOUTHHOLM L.15
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: 41.52495 / -87.34258
  • Subdivision: Southholm
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 4621
  • Bathroom Fixtures: 7
  • Cooling: Central
  • Heating: Central

Ownership Info

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

Taxes

508 W 51st Pl has 10 associated Taxes items

508 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 $120,600. The APN we've located for 508 W 51st Pl is 45-08-33-451-020.000-004.

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Taxes
  • Assessed Value:  $120,600
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-33-451-020.000-004
  • Assessed Land Value:  13000
  • Market Land Value:  13000
  • Tax Amount:  565.2
  • Tax Year:  2024
  • Market Value:  120600
  • Market Year:  2025

Tax History

508 W 51st Pl has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $120,600 Land Value $13,000 Improvement Value $107,600 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $565.2 Change Rate -0.843266% Assessed CR Tax Rate
Year 2023 Assessed Value $40,900 Land Value $12,200 Improvement Value $28,700 Tax Amount $3,606.11 Change Rate +7.181944% Assessed CR Tax Rate +0.088169%
Year 2022 Assessed Value Land Value Improvement Value Tax Amount $440.74 Change Rate +0.075868% Assessed CR Tax Rate
Year 2021 Assessed Value $34,900 Land Value $8,200 Improvement Value $26,700 Tax Amount $409.66 Change Rate -0.537181% Assessed CR Tax Rate +0.011738%
Year 2020 Assessed Value $37,500 Land Value $8,200 Improvement Value $29,300 Tax Amount $885.14 Change Rate -0.327146% Assessed CR Tax Rate +0.023604%
Year 2019 Assessed Value $37,600 Land Value $8,300 Improvement Value $29,300 Tax Amount $1,315.5 Change Rate +0.144988% Assessed CR Tax Rate +0.034987%
Year 2018 Assessed Value $39,600 Land Value $8,500 Improvement Value $31,100 Tax Amount $1,148.92 Change Rate +1.811708% Assessed CR Tax Rate +0.029013%
Year 2017 Assessed Value $38,400 Land Value $8,500 Improvement Value $29,900 Tax Amount $408.62 Change Rate -0.707991% Assessed CR Tax Rate +0.010641%
Year 2016 Assessed Value $39,800 Land Value $8,500 Improvement Value $31,300 Tax Amount $1,399.34 Change Rate Assessed CR Tax Rate +0.035159%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $1,399.34 Change Rate -0.121602% Assessed CR Tax Rate
Year 2014 Assessed Value $67,900 Land Value $10,000 Improvement Value $57,900 Tax Amount $1,593.06 Change Rate Assessed CR Tax Rate +0.023462%
Year 2013 Assessed Value $67,600 Land Value $10,000 Improvement Value $57,600 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $720.72 Change Rate Assessed CR Tax Rate