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509 W 51st Pl; Gary, IN Property Details

509 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 509 W 51st Pl has 3 bedrooms, and 1.5 bathrooms, and a total of 1,580 square feet. The lot size of 509 W 51st Pl is 7,500 square feet.

Off market
509 W 51st Pl Gary, IN 46408
$70,000 Listing Price
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: $68,500
  • Open Loans / Balance: 1 / $58,112
  • Est. Equity / %: $76,888 / 56.95%
  • Gross Yield: 14.924%
  • APN: 45-08-33-452-018.000-004
  • Situs County: Lake
  • Length Of Ownership: 8 years, 3 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 9
  • 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: 7,500/SqFt
  • Gross: 1,580/SqFt
  • Garage: 484/SqFt
  • Living: 1,580/SqFt
  • Building: 1,580/SqFt
  • Ground: 1,580/SqFt
  • Price Per Square Foot: $43.35

Legal Description

  • Description: SOUTHHOLM L.26
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: 41.52445 / -87.3426
  • Subdivision: Southholm
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 4620
  • Bathroom Fixtures: 7
  • Cooling: Central
  • Garage: Detached Garage
  • Heating: Central
  • Parking: 2

Ownership Info

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

Taxes

509 W 51st Pl has 10 associated Taxes items

509 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 $136,800. The APN we've located for 509 W 51st Pl is 45-08-33-452-018.000-004.

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Taxes
  • Assessed Value:  $136,800
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-33-452-018.000-004
  • Assessed Land Value:  13000
  • Market Land Value:  13000
  • Tax Amount:  1047.16
  • Tax Year:  2024
  • Market Value:  136800
  • Market Year:  2025

Tax History

509 W 51st Pl has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $136,800 Land Value $13,000 Improvement Value $123,800 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $89,000 Land Value $12,200 Improvement Value $76,800 Tax Amount $1,047.16 Change Rate -0.857251% Assessed CR Tax Rate +0.011766%
Year 2023 Assessed Value $83,200 Land Value $12,200 Improvement Value $71,000 Tax Amount $7,335.66 Change Rate +7.898396% Assessed CR Tax Rate +0.088169%
Year 2022 Assessed Value Land Value Improvement Value Tax Amount $824.38 Change Rate Assessed CR Tax Rate
Year 2021 Assessed Value $73,400 Land Value $10,000 Improvement Value $63,400 Tax Amount $824.38 Change Rate -0.418287% Assessed CR Tax Rate +0.011231%
Year 2020 Assessed Value $73,400 Land Value $10,000 Improvement Value $63,400 Tax Amount $1,417.16 Change Rate +0.689106% Assessed CR Tax Rate +0.019307%
Year 2019 Assessed Value $73,400 Land Value $10,000 Improvement Value $63,400 Tax Amount $839 Change Rate -0.022805% Assessed CR Tax Rate +0.011431%
Year 2018 Assessed Value $73,400 Land Value $10,000 Improvement Value $63,400 Tax Amount $858.58 Change Rate +0.129681% Assessed CR Tax Rate +0.011697%
Year 2017 Assessed Value $73,400 Land Value $10,000 Improvement Value $63,400 Tax Amount $760.02 Change Rate +0.01158% Assessed CR Tax Rate +0.010354%
Year 2016 Assessed Value $73,400 Land Value $10,000 Improvement Value $63,400 Tax Amount $751.32 Change Rate Assessed CR Tax Rate +0.010236%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $751.32 Change Rate -0.047443% Assessed CR Tax Rate
Year 2014 Assessed Value $73,400 Land Value $10,000 Improvement Value $63,400 Tax Amount $788.74 Change Rate Assessed CR Tax Rate +0.010746%
Year 2013 Assessed Value $81,400 Land Value $10,000 Improvement Value $71,400 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $712 Change Rate Assessed CR Tax Rate