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550 E 52nd Ave; Gary, IN Property Details

550 E 52nd Ave, Gary, IN is a Single Family that was built in 1960. This property is currently Financed and is not for sale. Our records show that 550 E 52nd Ave has 3 bedrooms, and 2.5 bathrooms, and a total of 1,736 square feet. The lot size of 550 E 52nd Ave is 8,015 square feet.

Off market
550 E 52nd Ave Merrillville, IN 46410
$94,215 Listing Price
3 Beds
2.5 Baths
1,736 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1960
  • Purchase Price: $87,200
  • Open Loans / Balance: 1 / $140,507
  • Est. Equity / %: $67,493 / 32.45%
  • Gross Yield: 10.667%
  • APN: 45-08-34-380-010.000-004
  • Situs County: Lake
  • Length Of Ownership: 12 years, 1 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Total Rooms: 7
  • Partial Bathrooms: 1

Structure

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

Measurements

  • Total: 1,736/SqFt
  • Lot: 8,015/SqFt
  • Gross: 2,586/SqFt
  • Garage: 300/SqFt
  • Living: 1,736/SqFt
  • Basement: 550/SqFt
  • Building: 2,586/SqFt
  • Ground: 1,736/SqFt
  • Price Per Square Foot: $50.23

Legal Description

  • Description: MEADOWLAND MANOR UNIT NO.1 ALL L.10 BL.C
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: 41.523632 / -87.32883
  • Subdivision: Meadowland Manor Unit No.1
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 1521
  • Bathroom Fixtures: 10
  • Cooling: None
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 2

Ownership Info

550 E 52nd Ave has no associated ownership info
550 E 52nd Ave has no associated ownership info.

Taxes

550 E 52nd Ave has 10 associated Taxes items

550 E 52nd 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 $185,700. The APN we've located for 550 E 52nd Ave is 45-08-34-380-010.000-004.

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Taxes
  • Assessed Value:  $185,700
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-34-380-010.000-004
  • Assessed Land Value:  14300
  • Market Land Value:  14300
  • Tax Amount:  1691.82
  • Tax Year:  2024
  • Market Value:  185700
  • Market Year:  2025

Tax History

550 E 52nd Ave has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $185,700 Land Value $14,300 Improvement Value $171,400 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $1,691.82 Change Rate -0.854963% Assessed CR Tax Rate
Year 2023 Assessed Value $132,300 Land Value $14,500 Improvement Value $117,800 Tax Amount $11,664.76 Change Rate +8.504563% Assessed CR Tax Rate +0.088169%
Year 2022 Assessed Value Land Value Improvement Value Tax Amount $1,227.28 Change Rate Assessed CR Tax Rate
Year 2021 Assessed Value $100,000 Land Value $13,300 Improvement Value $86,700 Tax Amount $1,227.28 Change Rate -0.614903% Assessed CR Tax Rate +0.012273%
Year 2020 Assessed Value $100,000 Land Value $13,300 Improvement Value $86,700 Tax Amount $3,186.94 Change Rate +1.822799% Assessed CR Tax Rate +0.031869%
Year 2019 Assessed Value $100,000 Land Value $13,300 Improvement Value $86,700 Tax Amount $1,129 Change Rate -0.037543% Assessed CR Tax Rate +0.01129%
Year 2018 Assessed Value $100,000 Land Value $13,300 Improvement Value $86,700 Tax Amount $1,173.04 Change Rate +0.088547% Assessed CR Tax Rate +0.01173%
Year 2017 Assessed Value $100,000 Land Value $13,300 Improvement Value $86,700 Tax Amount $1,077.62 Change Rate +0.016872% Assessed CR Tax Rate +0.010776%
Year 2016 Assessed Value $100,000 Land Value $13,300 Improvement Value $86,700 Tax Amount $1,059.74 Change Rate Assessed CR Tax Rate +0.010597%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $1,059.74 Change Rate -0.615591% Assessed CR Tax Rate
Year 2014 Assessed Value $117,200 Land Value $13,300 Improvement Value $103,900 Tax Amount $2,756.8 Change Rate Assessed CR Tax Rate +0.023522%
Year 2013 Assessed Value $112,900 Land Value $13,300 Improvement Value $99,600 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $1,263.04 Change Rate Assessed CR Tax Rate