Taxes
- Assessed Value: $263,000
- Assessed Year: 2025
- Assessed County: Lake
- APN: 45-05-32-379-022.000-004
- Assessed Land Value: 42600
- Market Land Value: 42600
- Tax Amount: 2531.76
- Tax Year: 2024
- Market Value: 263000
- Market Year: 2025
7040 E 1st Ave; Gary, IN Property Details
Off market
7040 E 1st Ave Gary, IN 46403
$263,000 Estimated Value
3 Beds
1.5 Baths
3,254 SqFt
Property Type
Single FamilyProperty Details
Summary
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 1957
- Open Loans / Balance: 1 / $65,455
- Est. Equity / %: $223,545 / 77.35%
- Gross Yield: 12.461%
- APN: 45-05-32-379-022.000-004
- Situs County: Lake
Rooms
- Bedrooms: 3
- Bathrooms: 1.5
- Full Bathrooms: 1
- Total Rooms: 7
- Partial Bathrooms: 1
Structure
- Building Style: Masonry
- Stories: 2
- Building Condition: Average
- Building Quality: C
- Pool Type: Yes
- Roof Cover Type: Asphalt
- Sewer Type: Municipal
- Water Source: Municipal
Measurements
- Total: 3,254/SqFt
- Lot: 11,108/SqFt
- Gross: 3,254/SqFt
- Garage: 3,254/SqFt
- Living: 3,254/SqFt
- Building: 3,254/SqFt
- Ground: 3,254/SqFt
Legal Description
- Description: CONDITS PARKSIDE ADDITION, RESUB BLKS L-M-N-O-P, PT. BL. J GARY BEACH 2ND SUB. L.15 BL.2
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: 41.608147 / -87.252914
- Subdivision: Side Addition
- Property Class: Residential
- County Use Code: 510
Amenities
- Heating Fuel Type: Gas
- Pool: true
- Plus Four: 3904
- Bathroom Fixtures: 7
- Cooling: Central
- Fireplaces: 1
- Heating: Central
Ownership Info
7040 E 1st Ave has no associated ownership info
7040 E 1st Ave has no associated ownership info.
Taxes
7040 E 1st Ave has 10 associated Taxes items
7040 E 1st 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 $263,000. The APN we've located for 7040 E 1st Ave is 45-05-32-379-022.000-004.
Unlock the full reportTax History
7040 E 1st Ave has 14 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $263,000 | Land Value $42,600 | Improvement Value $220,400 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value $244,200 | Land Value $42,600 | Improvement Value $201,600 | Tax Amount $2,531.76 | Change Rate -0.853719% | Assessed CR | Tax Rate +0.010368% |
| Year 2023 | Assessed Value $196,300 | Land Value $39,200 | Improvement Value $157,100 | Tax Amount $17,307.57 | Change Rate +6.756581% | Assessed CR | Tax Rate +0.088169% |
| Year 2022 | Assessed Value | Land Value | Improvement Value | Tax Amount $2,231.34 | Change Rate +0.098338% | Assessed CR | Tax Rate |
| Year 2021 | Assessed Value $159,900 | Land Value $21,200 | Improvement Value $138,700 | Tax Amount $2,031.56 | Change Rate -0.673598% | Assessed CR | Tax Rate +0.012705% |
| Year 2020 | Assessed Value $156,300 | Land Value $21,200 | Improvement Value $135,100 | Tax Amount $6,224.1 | Change Rate +2.886565% | Assessed CR | Tax Rate +0.039821% |
| Year 2019 | Assessed Value $153,000 | Land Value $20,200 | Improvement Value $132,800 | Tax Amount $1,601.44 | Change Rate -0.037897% | Assessed CR | Tax Rate +0.010467% |
| Year 2018 | Assessed Value $145,700 | Land Value $20,200 | Improvement Value $125,500 | Tax Amount $1,664.52 | Change Rate +0.000649% | Assessed CR | Tax Rate +0.011424% |
| Year 2017 | Assessed Value $149,100 | Land Value $19,800 | Improvement Value $129,300 | Tax Amount $1,663.44 | Change Rate -0.490692% | Assessed CR | Tax Rate +0.011157% |
| Year 2016 | Assessed Value $155,200 | Land Value $19,800 | Improvement Value $135,400 | Tax Amount $3,266.08 | Change Rate | Assessed CR | Tax Rate +0.021044% |
| Year 2015 | Assessed Value | Land Value | Improvement Value | Tax Amount $3,266.08 | Change Rate +0.880408% | Assessed CR | Tax Rate |
| Year 2014 | Assessed Value $142,200 | Land Value $20,100 | Improvement Value $122,100 | Tax Amount $1,736.9 | Change Rate | Assessed CR | Tax Rate +0.012214% |
| Year 2013 | Assessed Value $136,000 | Land Value $20,200 | Improvement Value $115,800 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2012 | Assessed Value | Land Value | Improvement Value | Tax Amount $1,615.54 | Change Rate | Assessed CR | Tax Rate |