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550 S Hancock St; Gary, IN Property Details

550 S Hancock St, Gary, IN is a Single Family that was built in 1938. This property is currently Financed and is not for sale. Our records show that 550 S Hancock St has 4 bedrooms, and 1 bathroom, and a total of 2,244 square feet. The lot size of 550 S Hancock St is 9,365 square feet.

Off market
550 S Hancock St Gary, IN 46403
$113,400 Estimated Value
4 Beds
1 Baths
2,244 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1938
  • Purchase Price: $92,900
  • Open Loans / Balance: 2 / $75,022
  • Est. Equity / %: $133,978 / 64.1%
  • Gross Yield: 6.666%
  • APN: 45-09-06-404-021.000-004
  • Situs County: Lake
  • Length Of Ownership: 17 years, 1 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 7

Structure

  • Building Style: Frame
  • Stories: 1.5
  • Building Condition: Fair
  • Building Quality: D
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 2,244/SqFt
  • Lot: 9,365/SqFt
  • Gross: 3,424/SqFt
  • Garage: 2,244/SqFt
  • Living: 2,244/SqFt
  • Basement: 1,180/SqFt
  • Building: 3,424/SqFt
  • Ground: 2,244/SqFt
  • Price Per Square Foot: $41.40

Legal Description

  • Description: J. H. ANSBROS 1ST ADD. ALL LOTS 41,42,43 BL.1
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: 41.60059 / -87.26655
  • Subdivision: J. H. Ansbros 1st Add
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2403
  • Bathroom Fixtures: 5
  • Cooling: Central
  • Fireplaces: 1
  • Heating: Central

Ownership Info

550 S Hancock St has no associated ownership info
550 S Hancock St has no associated ownership info.

Taxes

550 S Hancock St has 10 associated Taxes items

550 S Hancock St, 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 $113,400. The APN we've located for 550 S Hancock St is 45-09-06-404-021.000-004.

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Taxes
  • Assessed Value:  $113,400
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-09-06-404-021.000-004
  • Assessed Land Value:  15500
  • Market Land Value:  15500
  • Tax Amount:  1263.44
  • Tax Year:  2024
  • Market Value:  113400
  • Market Year:  2025

Tax History

550 S Hancock St has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $113,400 Land Value $15,500 Improvement Value $97,900 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $109,300 Land Value $15,900 Improvement Value $93,400 Tax Amount $1,263.44 Change Rate -0.861011% Assessed CR Tax Rate +0.011559%
Year 2023 Assessed Value $103,100 Land Value $15,900 Improvement Value $87,200 Tax Amount $9,090.22 Change Rate +9.431742% Assessed CR Tax Rate +0.088169%
Year 2022 Assessed Value Land Value Improvement Value Tax Amount $871.4 Change Rate +0.104632% Assessed CR Tax Rate
Year 2021 Assessed Value $70,300 Land Value $9,400 Improvement Value $60,900 Tax Amount $788.86 Change Rate -0.444253% Assessed CR Tax Rate +0.011221%
Year 2020 Assessed Value $73,500 Land Value $9,400 Improvement Value $64,100 Tax Amount $1,419.46 Change Rate +0.822157% Assessed CR Tax Rate +0.019312%
Year 2019 Assessed Value $71,900 Land Value $9,200 Improvement Value $62,700 Tax Amount $779 Change Rate +0.019553% Assessed CR Tax Rate +0.010834%
Year 2018 Assessed Value $68,600 Land Value $8,800 Improvement Value $59,800 Tax Amount $764.06 Change Rate +0.08732% Assessed CR Tax Rate +0.011138%
Year 2017 Assessed Value $67,900 Land Value $8,600 Improvement Value $59,300 Tax Amount $702.7 Change Rate -0.129632% Assessed CR Tax Rate +0.010349%
Year 2016 Assessed Value $70,600 Land Value $8,600 Improvement Value $62,000 Tax Amount $807.36 Change Rate Assessed CR Tax Rate +0.011436%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $807.36 Change Rate -0.326156% Assessed CR Tax Rate
Year 2014 Assessed Value $107,100 Land Value $10,400 Improvement Value $96,700 Tax Amount $1,198.14 Change Rate Assessed CR Tax Rate +0.011187%
Year 2013 Assessed Value $103,700 Land Value $10,400 Improvement Value $93,300 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $1,123.86 Change Rate Assessed CR Tax Rate